Kündür

Active

Private limited company (pre-2019)founded 20188 yrs activeStalenstraat 109, 3600 Genk, BelgiumKBO/BCE: BE 0691.868.237

The computed 12-month bankruptcy probability of Kündür is 1.7% (moderate). The 2024 annual accounts show equity of €160k and a net result of €60k. Equity is growing by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 2090 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability87▲+10

Solvency65▼-1

Growth85=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days only on tighter terms

Liquidity tight (current ratio 1.37 against 1.22 in 2023; short-term debt: 60% and cash: 56.6% of total assets), and 60.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

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

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 →

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

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

91 d late

2023

67 d late

2022

8 d late

2021

25 d late

2020

24 d early

2019

91 d late

← before the deadline after the deadline →

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

Turnover

€559k▲ 46.5%

2020 · €381k

2020: €381k

2020 → 2021

EBIT margin

2.5%▲ 2.8pp

2020 · -0.3%

2020: -0.3%

2020 → 2021

Net result

€60k▲ 257%

2023 · €17k

2018: €5k 2019: €8k 2020: €-1k 2021: €12k 2022: €4k 2023: €17k

2018 → 2024

Working capital

€89k▲ 198%

2023 · €30k

2018: €8k 2019: €22k 2020: €-8k 2021: €10k 2022: €22k 2023: €30k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€381k-€559k▲ 46.5%

Equity€32k-€78k▲ 143%€82k▲ 5.7%€99k▲ 20.5%€160k▲ 60.7%

Operating result€-1k-€14k€22k▲ 58.3%€33k▲ 48.9%€62k▲ 91.4%

Net result€-1k-€12k€4k▼ 62.8%€17k▲ 280%€60k▲ 257%

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

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 91% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €403k

17.9%

82.1%

Fixed assets €72k▼ 5.5%

Current assets €331k▲ 97.3%

Equity and liabilities €403k

39.6%

60.4%

Equity €160k▲ 60.7%

Debt €243k▲ 68.2%

The debt ratio rises from 59.3% to 60.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€80k▲

2023 · €48k

Cash flow

€78k▲

2023 · €32k

Solvency

39.6%▼

2023 · 40.7%

Current ratio

1.37▲

2023 · 1.22

Quick ratio

1.37▲

2023 · 1.18

Debt / equity

1.52▲

2023 · 1.46

ROE

37.8%▲

2023 · 17.0%

ROA

15.0%▲

2023 · 6.9%

Interest coverage

40.27▼

2023 · 61.20

Debt

€243k▲

2023 · €145k

Debt ≤ 1 year

€241k▲

2023 · €138k

Debt > 1 year

€2k▼

2023 · €7k

Staff costs

€105k▲

2023 · €94k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€244k€403k▲

Fixed assets21/28€76k€72k▼

Tangible fixed assets22/27€69k€65k▼

Land and buildings22€4k€4k▼

Plant, machinery and equipment23€53k€54k▲

Furniture and vehicles24€12k€7k▼

Financial fixed assets28€7k€7k=

Current assets29/58€168k€331k▲

Stocks and contracts in progress3€5k-

Stocks30/36€5k-

Amounts receivable within one year40/41€102k€100k▼

Trade receivables40€72k€61k▼

Other amounts receivable41€30k€39k▲

Cash at bank and in hand54/58€58k€228k▲

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€244k€403k▲

Equity10/15€99k€160k▲

Contributions10/11€54k€54k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€44k€104k▲

Amounts payable17/49€145k€243k▲

Amounts payable after more than one year17€7k€2k▼

Financial debts170/4€7k€2k▼

Amounts payable within one year42/48€138k€241k▲

Current portion of amounts payable after more than one year42€5k€5k▲

Trade debts44€82k€191k▲

Suppliers440/4€82k€191k▲

Advances received on contracts in progress46€583€583=

Taxes, remuneration and social security45€25k€21k▼

Taxes450/3€18k€7k▼

Remuneration and social security454/9€7k€14k▲

Other amounts payable47/48€25k€24k▼

Income statement Code20232024

Goods, raw materials, services and sundry goods60/61-€870k

Remuneration, social security and pensions62€94k€105k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€17k▲

Other operating charges640/8€6k€4k▼

Gross operating margin9900€147k€188k▲

Operating profit (loss)9901€33k€62k▲

Financial income75/76B€76€0▼

Recurring financial income75€76€0▼

Financial charges65/66B€777€2k▲

Recurring financial charges65€777€2k▲

Profit (loss) for the period before taxes9903€32k€60k▲

Income taxes67/77€15k-

Profit (loss) for the period9904€17k€60k▲

Profit (loss) for the period to be appropriated9905€17k€60k▲

Appropriation of the result

Profit (loss) to be appropriated9906€44k€104k▲

Profit (loss) brought forward from the previous period14P€27k€44k▲

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

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Timeline · acts, filings and financial milestones

All 12Financial 4Gazette 1Filings 7

2026

14-09

State Gazette act General meeting · Director appointment

General meeting · Director appointment · Share transfer3 facts ▸

General meeting, 2026-07-01
Director appointment, Mehmet Künç (bestuurder)
Share transfer, Ahmet Künç → Mehmet Künç

2025

30-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 91 days late

2024

31-12

Financial Highest result since 2018net €60k ▲257%

Operating result €62k, net result €60k, both a record.

31-12

Financial Equity above €150kEq €160k ▲60.7%

4 profitable years in a row build equity to €160k.

06-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 67 days late

2023

08-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 8 days late

2022

25-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 25 days late

2021

31-12

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

07-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-1k ▼115%

Net result drops to €-1k, the lowest in the series; recovery starts the following year.

30-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 91 days late

19-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 446 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

Mehmet Künç

Director · since 01-07-2026

Current

01-07-2026 Appointed as Director

Location & real-estate footprint

Registered office, Genk · 3 establishment units since 2018

establishment All 3 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.

Stalenstraat 1093600 Genk

Ground area

711 m²

Building footprint

507 m²

Volume, LiDAR

3,215 m³

3 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Künc Baklavalari

Sint-Bernardsesteenweg 298, 2020 AntwerpenManufacture of food products

since 20182.274.858.549

Zehram Baklavaland

Stalenstraat 109, 3600 GenkManufacture of food products

since 20192.289.547.418

Zehram

Boomsesteenweg 502, 2020 AntwerpenManufacture of food products

since 20192.294.732.166

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11809I2498/00V005	Flanders	315 m²	1 · 175 m²	11.8 m · 3 fl.
71308A0893/00K002	Flanders	282 m²	1 · 217 m²	10.6 m · 2 fl.
11809I2325/00C000	Flanders	115 m²	1 · 115 m²	11.1 m · 3 fl.