Korenmarkt Gent

Active

Private limited companyfounded 20224 yrs activeJan van Stopenberghestraat 5, 9000 Gent, BelgiumKBO/BCE: BE 0780.422.408

Summary

The computed 12-month bankruptcy probability of Korenmarkt Gent is 5.3% (elevated). The 2024 annual accounts show equity of €108k and a net result of €39k. Equity is growing by ~78.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 18941 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency96▲+28

Growth78=

Track record94

Bankruptcy probability, 12 months

5.3% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days only on tighter terms

Liquidity ample (current ratio 1.73 against 0.92 in 2023; short-term debt: 28.7% and cash: 33.2% of total assets), and 28.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

26 d late

2023

65 d late

2022

212 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€108k▲ 56.2%

2023 · €69k

2022: €-834 2023: €69k

2022 → 2024

Total assets

€152k▼ 5.2%

2023 · €161k

2022: €129k 2023: €161k

2022 → 2024

Net result

€39k▼ 44.5%

2023 · €70k

2022: €-834 2023: €70k

2022 → 2024

Working capital

€32k

2023 · €-8k

2022: €-50k 2023: €-8k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€-834-€69k€108k▲ 56.2%

Operating result€-393-€60k€52k▼ 14.4%

Net result€-834-€70k€39k▼ 44.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 14% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €152k

50.2%

49.8%

Fixed assets €76k ▼ 1.0%

Current assets €76k ▼ 9.1%

Equity and liabilities €152k

71.3%

28.7%

Equity €108k ▲ 56.2%

Debt €44k ▼ 52.0%

Debt's share of the balance-sheet total falls from 56.8% to 28.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€73k▼

2023 · €74k

Cash flow

€60k▼

2023 · €84k

Current ratio

1.73▲

2023 · 0.92

Quick ratio

1.67▲

2023 · 0.88

Debt to equity

0.40▼

2023 · 1.31

ROE

36.0%▼

2023 · 101.2%

ROA

25.6%▼

2023 · 43.8%

Interest coverage

347.65▲

2023 · 92.68

Debt ≤ 1 year

€44k▼

2023 · €91k

Income taxes

€12k▼

2023 · €19k

Staff costs

€96k▲

2023 · €74k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€161k€152k▼

Fixed assets21/28€77k€76k▼

Intangible fixed assets21-€4k

Tangible fixed assets22/27€77k€72k▼

Plant, machinery and equipment23€30k€32k▲

Furniture and vehicles24€8k€5k▼

Other tangible fixed assets26€39k€35k▼

Current assets29/58€83k€76k▼

Stocks and contracts in progress3€3k€3k▼

Stocks30/36€3k€3k▼

Amounts receivable within one year40/41€64k€22k▼

Trade receivables40€16k€22k▲

Other amounts receivable41€48k-

Cash at bank and in hand54/58€17k€50k▲

Deferred charges and accrued income490/1€160€329▲

Equity and liabilities

Total equity and liabilities10/49€161k€152k▼

Equity10/15€69k€108k▲

Profit (loss) carried forward14€69k€108k▲

Amounts payable17/49€91k€44k▼

Amounts payable within one year42/48€91k€44k▼

Trade debts44€55k€22k▼

Suppliers440/4€55k€22k▼

Advances received on contracts in progress46-€65

Taxes, remuneration and social security45€30k€18k▼

Taxes450/3€23k€18k▼

Remuneration and social security454/9€7k-

Other amounts payable47/48€6k€4k▼

Income statement Code20232024

Remuneration, social security and pensions62€74k€96k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€21k▲

Other operating charges640/8€2k€4k▲

Gross operating margin9900€150k€173k▲

Operating profit (loss)9901€60k€52k▼

Financial income75/76B€30k-

Recurring financial income75€246-

Non-recurring financial income76B€30k-

Financial charges65/66B€798€209▼

Recurring financial charges65€798€209▼

Profit (loss) for the period before taxes9903€89k€51k▼

Income taxes67/77€19k€12k▼

Profit (loss) for the period9904€70k€39k▼

Profit (loss) for the period to be appropriated9905€70k€39k▼

Appropriation of the result

Profit (loss) to be appropriated9906€69k€108k▲

Profit (loss) brought forward from the previous period14P€-834€69k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

2024

31-12

Financial Equity above €100kEq €108k ▲56.2%

2 profitable years in a row build equity to €108k.

04-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 65 days late

28-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 212 days late

2023

31-12

Financial Back to profitnet €70k

Net result €70k after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 2 establishment units since 2022

establishment approximate All 2 establishment units on the map

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.

Jan van Stopenberghestraat 59000 Gent

Ground area

2,307 m²

Building footprint

3,449 m²

Volume, LiDAR

17,115 m³

2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

HFC BURGER & CHICKEN

Jan van Stopenberghestraat 5, 9000 GentLimited-service restaurants

since 20222.327.899.733

HFC BURGER & CHICKEN

Tweebruggenstraat 2, 9160 LokerenLimited-service restaurants, excluding mobile food services

since 20252.373.841.408

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46014A0700/00W002	Flanders	1,903 m²	1 · 3,332 m²	6.8 m · 2 fl.
44803C0091/00D000	Flanders	403 m²	1 · 118 m²	14.9 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2024	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Gent2.327.899.733

1 permission

Toelating · Frituur · since 08-10-2025

Lokeren2.373.841.408

1 permission

Toelating · Eetgelegenheid · since 03-06-2025

Similar companies · same sector, comparable size

Antwerpen · Eq €108,418

LA PLACE DES PYRAMIDES

BE 0727.638.669

Mouscron · Eq €108,611

Ferme Bonair

BE 1011.845.996

Braine-l'Alleud · Eq €108,263

HUMPTY - DUMPTY

BE 0461.335.661

Jabbeke · Eq €108,672

Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 7,713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded13-01-2022

Fiscal year end31-12

Activities, NACEBEL 2025

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.