Kiraz
ActiveSummary
Kiraz has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445,982 and a net result of €40,555. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-18
Solvency100=
Growth83▼-2
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.63 in 2024; short-term debt: 24.8% and cash: 68.5% of total assets), and 24.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.2%
Return on assets
6.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
6 d early
2022
26 d early
2021
30 d early
2020
16 d early
2019
106 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 company by equity in Aartselaar, Accommodation and food service sector#6 company by total assets in Aartselaar, Accommodation and food service sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.1m▼ 5.1%
2024 · €1.1m
EBIT margin
7.5%▼ 6.6pp
2024 · 14.2%
Net result
€40,555▼ 59.2%
2024 · €99,278
Working capital
€339,819▲ 2.1%
2024 · €332,712
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€747,333▲ 17.7%€960,577▲ 28.5%€1.1m€1.1m▼ 5.1%
Operating result€125,431▲ 36.3%€149,894▲ 19.5%€286,986▲ 91.5%€156,745▼ 45.4%€79,176▼ 49.5%
Net result€95,840above the sector's middle half▲ 48.6%€109,517above the sector's middle half▲ 14.3%€209,384above the sector's middle half▲ 91.2%€99,278above the sector's middle half▼ 52.6%€40,555above the sector's middle half▼ 59.2%
EBIT margin16.8%▲ 2.3pp15.6%▼ 1.2pp14.2%7.5%▼ 6.6pp
Equity€232,405above the sector's middle half▲ 70.2%€196,765above the sector's middle half▼ 15.3%€306,149above the sector's middle half▲ 55.6%€405,427above the sector's middle half▲ 32.4%€445,982above the sector's middle half▲ 10.0%
Total assets€326,207above the sector's middle half▲ 23.4%€453,306above the sector's middle half▲ 39.0%€539,756above the sector's middle half▲ 19.1%€532,140above the sector's middle half▼ 1.4%€592,858above the sector's middle half▲ 11.4%
Debt€93,802▼ 26.6%€256,541▲ 173%€233,607▼ 8.9%€126,713▼ 45.8%€146,877▲ 15.9%
Working capital€160,377above the sector's middle half▲ 94.1%€133,526above the sector's middle half▼ 16.7%€248,787above the sector's middle half▲ 86.3%€332,712above the sector's middle half▲ 33.7%€339,819above the sector's middle half▲ 2.1%
Solvency71.2%above the sector's middle half▲ 19.6pp43.4%within the sector's middle half▼ 27.8pp56.7%within the sector's middle half▲ 13.3pp76.2%above the sector's middle half▲ 19.5pp75.2%above the sector's middle half▼ 1.0pp
Current ratio2.71above the sector's middle half▲ 1.061.52within the sector's middle half▼ 1.192.06within the sector's middle half▲ 0.543.63above the sector's middle half▲ 1.563.31above the sector's middle half▼ 0.31
Return on assets (ROA)29.4%above the sector's middle half▲ 5.0pp24.2%above the sector's middle half▼ 5.2pp38.8%above the sector's middle half▲ 14.6pp18.7%above the sector's middle half▼ 20.1pp6.8%within the sector's middle half▼ 11.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592,858
Fixed assets
€106,163 ▲ 46.0%
Current assets
€486,695 ▲ 5.9%
Equity and liabilities €592,858
Equity
€445,982 ▲ 10.0%
Debt
€146,877 ▲ 15.9%
Debt's share of the balance-sheet total rises from 23.8% to 24.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110,914▼
2024 · €179,457
Cash flow
€72,294▼
2024 · €121,990
Quick ratio
3.28▼
2024 · 3.59
Debt to equity
0.33▲
2024 · 0.31
ROE
9.1%▼
2024 · 24.5%
Interest coverage
10.58▼
2024 · 24.93
Debt ≤ 1 year
€146,877▲
2024 · €126,713
Income taxes
€28,479▼
2024 · €50,648
Staff costs
€195,260▲
2024 · €149,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €747,333 | €960,577 | - | €1.1m | €1.1m | ▼ 5.1% |
| Goods, raw materials, services and sundry goods60/61 | €541,792 | €717,796 | - | €804,827 | €779,392 | ▼ 3.2% |
| Remuneration, social security and pensions62 | €83,171 | €92,190 | €128,030 | €149,957 | €195,260 | ▲ 30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,399 | €20,929 | €19,735 | €22,712 | €31,739 | ▲ 39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €18,075 | - | - | - | - | - |
| Other operating charges640/8 | €4,086 | €2,441 | €1,643 | €2,226 | €4,349 | ▲ 95.4% |
| Gross operating margin9900 | €248,163 | €265,453 | €436,393 | €331,640 | €310,524 | ▼ 6.4% |
| Operating profit (loss)9901 | €125,431 | €149,894 | €286,986 | €156,745 | €79,176 | ▼ 49.5% |
| Financial income75/76B | - | €185 | €152 | €380 | €342 | ▼ 10.1% |
| Recurring financial income75 | - | €185 | €152 | €380 | €342 | ▼ 10.1% |
| Financial charges65/66B | €3,300 | €4,259 | €6,604 | €7,199 | €10,484 | ▲ 45.6% |
| Recurring financial charges65 | €3,300 | €4,259 | €6,604 | €7,199 | €10,484 | ▲ 45.6% |
| Profit (loss) for the period before taxes9903 | €122,131 | €145,820 | €280,533 | €149,926 | €69,034 | ▼ 54.0% |
| Income taxes67/77 | €26,290 | €36,303 | €71,150 | €50,648 | €28,479 | ▼ 43.8% |
| Profit (loss) for the period9904 | €95,840 | €109,517 | €209,384 | €99,278 | €40,555 | ▼ 59.2% |
| Profit (loss) for the period to be appropriated9905 | €95,840 | €109,517 | €209,384 | €99,278 | €40,555 | ▼ 59.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €326,207 | €453,306 | €539,756 | €532,140 | €592,858 | ▲ 11.4% |
| Fixed assets21/28 | €72,028 | €63,239 | €57,362 | €72,715 | €106,163 | ▲ 46.0% |
| Intangible fixed assets21 | €5,550 | €4,625 | €3,700 | €2,775 | €1,850 | ▼ 33.3% |
| Tangible fixed assets22/27 | €66,478 | €58,614 | €53,662 | €69,940 | €104,313 | ▲ 49.1% |
| Plant, machinery and equipment23 | €41,848 | €40,672 | €28,847 | €17,023 | €7,315 | ▼ 57.0% |
| Furniture and vehicles24 | €6,158 | €3,901 | €15,206 | €47,741 | €38,820 | ▼ 18.7% |
| Other tangible fixed assets26 | €18,473 | €14,041 | €9,609 | €5,177 | €58,178 | ▲ 1,024% |
| Current assets29/58 | €254,179 | €390,067 | €482,394 | €459,425 | €486,695 | ▲ 5.9% |
| Stocks and contracts in progress3 | €3,801 | €4,201 | €3,704 | €4,652 | €5,023 | ▲ 8.0% |
| Stocks30/36 | €3,801 | €4,201 | €3,704 | €4,652 | €5,023 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €14,035 | €36,179 | €18,344 | €27,615 | €75,333 | ▲ 173% |
| Trade receivables40 | €549 | €22,885 | €7,107 | €15,263 | €65,523 | ▲ 329% |
| Other amounts receivable41 | €13,486 | €13,294 | €11,237 | €12,352 | €9,811 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €236,344 | €349,687 | €460,346 | €427,158 | €406,339 | ▼ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €326,207 | €453,306 | €539,756 | €532,140 | €592,858 | ▲ 11.4% |
| Equity10/15 | €232,405 | €196,765 | €306,149 | €405,427 | €445,982 | ▲ 10.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €101,138 | €201,138 | ▲ 98.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €99,278 | €199,278 | ▲ 101% |
| Profit (loss) carried forward14 | €224,345 | €188,705 | €298,089 | €298,089 | €238,644 | ▼ 19.9% |
| Amounts payable17/49 | €93,802 | €256,541 | €233,607 | €126,713 | €146,877 | ▲ 15.9% |
| Amounts payable within one year42/48 | €93,802 | €256,541 | €233,607 | €126,713 | €146,877 | ▲ 15.9% |
| Trade debts44 | €9,287 | €38,809 | €6,296 | €2,855 | €56,154 | ▲ 1,867% |
| Suppliers440/4 | €9,287 | €38,809 | €6,296 | €2,855 | €56,154 | ▲ 1,867% |
| Taxes, remuneration and social security45 | €57,820 | €67,161 | €126,841 | €123,647 | €90,507 | ▼ 26.8% |
| Taxes450/3 | €52,947 | €62,097 | €107,453 | €121,398 | €79,127 | ▼ 34.8% |
| Remuneration and social security454/9 | €4,874 | €5,064 | €19,389 | €2,249 | €11,380 | ▲ 406% |
| Other amounts payable47/48 | €26,695 | €150,571 | €100,470 | €211 | €216 | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,840 | €109,517 | €209,384 | €99,278 | €40,555 | ▼ 59.2% |
| + Depreciation and write-downs630 | €17,399 | €20,929 | €19,735 | €22,712 | €31,739 | ▲ 39.7% |
| Operating cash flow (approximation) | €113,240 | €130,446 | €229,118 | €121,990 | €72,294 | ▼ 40.7% |
| Investment in fixed assets (approximation) | - | -€12,139 | -€13,858 | -€38,065 | -€65,187 | ▼ 71.3% |
| Change in cash | - | €113,343 | €110,659 | -€33,188 | -€20,818 | ▲ 37.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €209,384 ▲91.2%
Operating result €286,986, net result €209,384, both a record.
31-12
Financial
Equity above €200,000Eq €306,149 ▲55.6%
6 profitable years in a row build equity to €306,149.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €232,405 ▲70.2%
4 profitable years in a row build equity to €232,405.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €136,565 ▲89.5%
3 profitable years in a row build equity to €136,565.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aartselaar · 1 establishment unit since 2015
Ground area
133 m²
Building footprint
133 m²
Volume, LiDAR
1,065 m³
Parcel 11001B0135/00Y010, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PIZZA CAPRI
since 20152.243.484.393
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0135/00Y010 | Flanders | 133 m² | 1 · 133 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAartselaar2.243.484.393
Similar companies · same sector, comparable size
MARILIZ
BE 0479.754.674
Brecht · Eq €446,901
IN DE FRIETWAGON
BE 0552.847.540
Pepingen · Eq €447,549
SHOW LES CROISSANTS
BE 0568.622.314
Verviers · Eq €447,741
't Rond Punt Overijse
BE 0899.732.408
Overijse · Eq €444,095
Tarcon
BE 0436.546.025
Brugge · Eq €448,148
Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 4,732 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0633720004
Also
9925:BE0633720004
Registered
27-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.