KIZILCA
ActiveThe computed 12-month bankruptcy probability of KIZILCA is 1.9% (moderate). The 2025 annual accounts show equity of €112k and a net result of €-55k. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 1522 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency90▼-10
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 3.5 in 2024), and 46.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.6%
Return on assets
-26.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
4 d late
2024
33 d late
2023
36 d early
2022
31 d late
2021
31 d late
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€275k
EBIT margin
4.7%
Net result
€-55k
2024 · €78k
2019: €2k
2020: €13k
2021: €12k
2022: €-74
2023: €44k
2024: €78k
2019 → 2025
Working capital
€64k▼ 59.6%
2024 · €158k
2019: €6k
2020: €11k
2021: €22k
2022: €24k
2023: €51k
2024: €158k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€275k-
Equity€45k-€45k▼ 0.2%€90k▲ 98.3%€168k▲ 87.1%€112k▼ 33.0%
Operating result€13k-€3k▼ 80.6%€64k▲ 2,453%€103k▲ 60.6%€-54k
Net result€12k-€-74€44k€78k▲ 75.8%€-55k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €54k after €103k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210k
Fixed assets
€56k▲ 83.9%
Current assets
€154k▼ 30.2%
Equity and liabilities €210k
Equity
€112k▼ 33.0%
Debt
€97k▲ 17.4%
The debt ratio rises from 33.1% to 46.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-45k▼
2024 · €112k
Cash flow
€-46k▼
2024 · €87k
Solvency
53.6%▼
2024 · 66.9%
Current ratio
1.70▼
2024 · 3.50
Quick ratio
1.51▼
2024 · 3.47
Debt / equity
0.87▲
2024 · 0.49
ROE
-49.4%▼
2024 · 46.6%
ROA
-26.5%▼
2024 · 31.2%
Interest coverage
-41.57▼
2024 · 179.92
Debt
€97k▲
2024 · €83k
Debt ≤ 1 year
€90k▲
2024 · €63k
Debt > 1 year
€7k▼
2024 · €20k
Income taxes
€560▼
2024 · €25k
Staff costs
€193k▲
2024 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€251k€210k▼
Fixed assets21/28€30k€56k▲
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€25k€51k▲
Plant, machinery and equipment23€24k€50k▲
Furniture and vehicles24€948€704▼
Financial fixed assets28-€460
Current assets29/58€221k€154k▼
Stocks and contracts in progress3€2k€18k▲
Stocks30/36€2k€18k▲
Amounts receivable within one year40/41€81k€72k▼
Trade receivables40€57k€34k▼
Other amounts receivable41€24k€38k▲
Cash at bank and in hand54/58€136k€62k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€251k€210k▼
Equity10/15€168k€112k▼
Contributions10/11€19k€19k=
Reserves13€82€82=
Non-distributable reserves130/1€82€82=
Reserves not available under the articles1311€82€82=
Profit (loss) carried forward14€149k€94k▼
Amounts payable17/49€83k€97k▲
Amounts payable after more than one year17€20k€7k▼
Financial debts170/4€20k€7k▼
Amounts payable within one year42/48€63k€90k▲
Current portion of amounts payable after more than one year42-€7k
Trade debts44€10k€39k▲
Suppliers440/4€10k€39k▲
Taxes, remuneration and social security45€53k€45k▼
Taxes450/3€32k€7k▼
Remuneration and social security454/9€21k€38k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€124k€193k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€17k
Gross operating margin9900€237k€167k▼
Operating profit (loss)9901€103k€-54k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€622€1k▲
Recurring financial charges65€622€1k▲
Profit (loss) for the period before taxes9903€103k€-55k▼
Income taxes67/77€25k€560▼
Profit (loss) for the period9904€78k€-55k▼
Profit (loss) for the period to be appropriated9905€78k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€149k€94k▼
Profit (loss) brought forward from the previous period14P€71k€149k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Weakest financial yearnet €-55k ▼171%
Net result drops to €-55k, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-12
Financial
Highest result since 2019net €78k ▲75.8%
Operating result €103k, net result €78k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲87.1%
2 profitable years in a row build equity to €168k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.31
Current ratio from 1.63 to 3.31; short-term debt falls from €17k to €10k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
CELIK Nusrettin
CurrentDirector · since 24-12-2023
Halil Umut
CurrentDirector · since 24-12-2023
24-12-2023
CELIK Nusrettin: Appointed as Director
24-12-2023
Halil Umut: Appointed as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brederodestraat 1352018 AntwerpenGround area
120 m²
Building footprint
120 m²
Volume, LiDAR
1,126 m³
Parcel 11811L3804/00N000, Flanders · tallest building 16.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KIZILCA
since 20182.282.162.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3804/00N000 | Flanders | 120 m² | 1 · 120 m² | 16.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteAntwerpen2.282.162.847
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Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 1,589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2018
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.