KUNWAR
ActiveSummary
The computed 12-month bankruptcy probability of KUNWAR is 4.2% (elevated). The 2025 annual accounts show equity of €112k and a net result of €7k. Equity is growing by ~58.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 13305 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-45
Solvency89▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.82 against 2.39 in 2024; short-term debt: 35.9% and cash: 31.1% of total assets), and 35.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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
64.1%
Return on assets
4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
5 d early
2022
6 d early
2021
54 d early
2020
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€112k▲ 6.6%
2024 · €105k
2020: €17k
2021: €3k
2022: €31k
2023: €52k
2024: €105k
2020 → 2025
Total assets
€175k▲ 5.2%
2024 · €166k
2020: €39k
2021: €152k
2022: €111k
2023: €89k
2024: €166k
2020 → 2025
Net result
€7k▼ 87.0%
2024 · €53k
2020: €14k
2021: €75k
2022: €28k
2023: €20k
2024: €53k
2020 → 2025
Working capital
€51k▼ 39.3%
2024 · €85k
2020: €17k
2021: €8k
2022: €17k
2023: €40k
2024: €85k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€31k▲ 950%€52k▲ 64.9%€105k▲ 102%€112k▲ 6.6%
Operating result€96k-€42k▼ 56.4%€31k▼ 26.3%€75k▲ 145%€10k▼ 87.1%
Net result€75k-€28k▼ 62.0%€20k▼ 28.2%€53k▲ 160%€7k▼ 87.0%
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 2025; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€61k ▲ 196%
Current assets
€114k ▼ 21.6%
Equity and liabilities €175k
Equity
€112k ▲ 6.6%
Debt
€63k ▲ 2.9%
Debt's share of the balance-sheet total falls from 36.7% to 35.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €78k
Cash flow
€12k▼
2024 · €56k
Current ratio
1.82▼
2024 · 2.39
Quick ratio
1.81▼
2024 · 2.38
Debt to equity
0.56▼
2024 · 0.58
ROE
6.2%▼
2024 · 50.6%
ROA
4.0%▼
2024 · 32.0%
Interest coverage
3.72▼
2024 · 23.04
Debt ≤ 1 year
€63k▲
2024 · €61k
Income taxes
€2k▼
2024 · €21k
Staff costs
€135k▲
2024 · €120k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€166k€175k▲
Fixed assets21/28€21k€61k▲
Tangible fixed assets22/27€21k€61k▲
Plant, machinery and equipment23€16k€12k▼
Other tangible fixed assets26€5k€49k▲
Current assets29/58€145k€114k▼
Stocks and contracts in progress3€597€625▲
Stocks30/36€597€625▲
Amounts receivable within one year40/41€54k€55k▲
Other amounts receivable41€54k€55k▲
Cash at bank and in hand54/58€88k€54k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€166k€175k▲
Equity10/15€105k€112k▲
Contributions10/11€3k€3k=
Reserves13€102k€109k▲
Distributable reserves133€102k€109k▲
Amounts payable17/49€61k€63k▲
Amounts payable within one year42/48€61k€63k▲
Trade debts44€8k€33k▲
Suppliers440/4€8k€33k▲
Taxes, remuneration and social security45€53k€30k▼
Taxes450/3€28k€5k▼
Remuneration and social security454/9€24k€25k▲
Income statement
Code20242025
Remuneration, social security and pensions62€120k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€200k€153k▼
Operating profit (loss)9901€75k€10k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€74k€9k▼
Income taxes67/77€21k€2k▼
Profit (loss) for the period9904€53k€7k▼
Profit (loss) for the period to be appropriated9905€53k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€7k▼
Transfer to equity691/2€53k€7k▼
To other reserves6921€53k€7k▼
The notes to these accounts (5 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €7k ▼87%
Net result drops to €7k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €105k ▲102%
5 profitable years in a row build equity to €105k.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2020net €75k ▲441%
Operating result €96k, net result €75k, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bierbeek · 2 establishment units since 2019
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.
Tiensesteenweg 116B3360 BierbeekGround area
1,734 m²
Building footprint
1,064 m²
Volume, LiDAR
11,298 m³
Parcel 24053B0194/00W000, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
KUNWAR
since 20192.291.290.745
Mantra Market
since 20252.376.978.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0194/00W000 | Flanders | 1,734 m² | 1 · 1,064 m² | 16.6 m · 4 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
2 sitesBierbeek2.291.290.745
Bierbeek2.376.978.565
Similar companies · same sector, comparable size
LES HALLES
BE 0436.568.888
Gembloux · Eq €112,004
CRIS & CO
BE 0466.653.637
Jette · Eq €111,921
PAN'S
BE 0861.357.525
Elsene · Eq €112,062
D&D Cuisines et évènements
BE 0552.958.792
Chaudfontaine · Eq €111,855
FORTY FOOD
BE 0462.219.252
Walhain · Eq €111,802
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,440 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
Founded09-07-2019
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.