KMARKT
ActiveThe file of KMARKT contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.2% (moderate). The 2025 annual accounts show negative equity (-€8,567) and a net result of €99. Equity is shrinking by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 13604 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2023
Profitability33▲+33
Solvency0=
Growth32=
Track record85
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79; short-term debt: 115.7% and cash: 48.3% of total assets), and equity is negative.
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Signals
Six 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 →
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
-35.7%
Return on assets
0.4%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2023
56 d early
2022
8 d early
2021
143 d late
2018
9 d early
2017
1 d early
2016
21 d late
← 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 13 days after the deadline; the sector median for financial year 2023 is 14 days after the deadline, and 55% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
-€8,567▲ 1.1%
2023 · -€8,666
Total assets
€24,028▲ 4,476%
2023 · €525
Net result
€99
2023 · -€4,877
Working capital
-€5,716▲ 34.0%
2023 · -€8,666
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
Line2021202220232025
Operating result€9,013--€1,708-€4,814▼ 182%€1,169-
Net result€8,631within the sector's middle half--€1,795within the sector's middle half-€4,877within the sector's middle half▼ 172%€99within the sector's middle half-
Equity-€1,994below the sector's middle half--€3,789below the sector's middle half▼ 90.0%-€8,666below the sector's middle half▼ 129%-€8,567below the sector's middle half-
Total assets€174below the sector's middle half€525below the sector's middle half▲ 202%€24,028below the sector's middle half-
Debt€1,994-€3,963▲ 98.8%€9,191▲ 132%€32,595-
Working capital-€3,789within the sector's middle half-€8,666within the sector's middle half▼ 129%-€5,716within the sector's middle half-
Solvency-35.7%below the sector's middle half-
Current ratio0.79within the sector's middle half-
Return on assets (ROA)0.4%within the sector's middle half-
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 is €1,169 in 2025, compared with -€4,814 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Assets €24,028
Fixed assets
€1,949
Current assets
€22,079
Key figures and ratios
EBITDA
€1,820
Cash flow
€750
Quick ratio
0.48
Debt to equity
-3.80
Interest coverage
1.70
Debt ≤ 1 year
€27,795▲
2023 · €9,191
Staff costs
€281▼
2023 · €350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
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 1,381 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 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €350 | €281 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €651 | - |
| Other operating charges640/8 | €157 | €874 | €460 | €1,470 | - |
| Gross operating margin9900 | €9,170 | -€834 | -€4,005 | €3,571 | - |
| Operating profit (loss)9901 | €9,013 | -€1,708 | -€4,814 | €1,169 | - |
| Financial income75/76B | - | - | - | €2 | - |
| Recurring financial income75 | - | - | - | €2 | - |
| Financial charges65/66B | €382 | €88 | €63 | €1,072 | - |
| Recurring financial charges65 | €382 | €88 | €63 | €1,072 | - |
| Profit (loss) for the period before taxes9903 | €8,631 | -€1,795 | -€4,877 | €99 | - |
| Profit (loss) for the period9904 | €8,631 | -€1,795 | -€4,877 | €99 | - |
| Profit (loss) for the period to be appropriated9905 | €8,631 | -€1,795 | -€4,877 | €99 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | - | €174 | €525 | €24,028 | - |
| Fixed assets21/28 | - | - | - | €1,949 | - |
| Tangible fixed assets22/27 | - | - | - | €1,949 | - |
| Furniture and vehicles24 | - | - | - | €1,949 | - |
| Current assets29/58 | - | €174 | €525 | €22,079 | - |
| Stocks and contracts in progress3 | - | - | - | €8,674 | - |
| Stocks30/36 | - | - | - | €8,674 | - |
| Amounts receivable within one year40/41 | - | €174 | €0 | €1,800 | - |
| Trade receivables40 | - | - | - | €875 | - |
| Other amounts receivable41 | - | €174 | €0 | €926 | - |
| Cash at bank and in hand54/58 | - | - | €525 | €11,604 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | - | €174 | €525 | €24,028 | - |
| Equity10/15 | -€1,994 | -€3,789 | -€8,666 | -€8,567 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Profit (loss) carried forward14 | -€10,054 | -€11,849 | -€16,726 | -€16,627 | - |
| Amounts payable17/49 | €1,994 | €3,963 | €9,191 | €32,595 | - |
| Amounts payable within one year42/48 | €1,994 | €3,963 | €9,191 | €27,795 | - |
| Financial debts43 | €101 | €0 | - | - | - |
| Credit institutions430/8 | €101 | €0 | - | - | - |
| Trade debts44 | - | - | €202 | €698 | - |
| Suppliers440/4 | - | - | €202 | €698 | - |
| Taxes, remuneration and social security45 | - | - | €69 | €3,263 | - |
| Taxes450/3 | - | - | €69 | €3,263 | - |
| Other amounts payable47/48 | €1,893 | €3,963 | €8,920 | €23,834 | - |
| Accrued charges and deferred income492/3 | - | - | - | €4,800 | - |
| Line | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,631 | -€1,795 | -€4,877 | €99 | - |
| + Depreciation and write-downs630 | - | - | - | €651 | - |
| Operating cash flow (approximation) | €8,631 | -€1,795 | -€4,877 | €750 | - |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €99
Net result €99 after 2 loss-making years.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet -€4,877
Net result drops to -€4,877, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
01-04
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel Gent, afdeling Kortrijk
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
03-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 3 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 2009
Ground area
121 m²
Building footprint
103 m²
Volume, LiDAR
859 m³
Parcel 36008A0098/00E000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koornmarkt
since 20092.179.349.379
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0098/00E000 | Flanders | 121 m² | 1 · 103 m² | 13.7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.179.349.379
Similar companies · same sector and region
ARIBA
BE 0738.700.926
Izegem
BIERKASTEEL
BE 0419.882.712
Izegem
DE LOUNGE
BE 0816.804.534
Izegem
DE PIETER
BE 0684.883.148
Izegem
Dermaut-Decandt
BE 0552.937.909
Izegem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2009
Fiscal year end31-03
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0813218997
Also
9925:BE0813218997
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.