KUSADASI
ActiveSummary
The computed 12-month bankruptcy probability of KUSADASI is 3.2% (moderate). The 2024 annual accounts show equity of €22k and a net result of €10k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 64% of 18941 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+9
Solvency71▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.33 in 2023; short-term debt: 54.1% and cash: 90.3% of total assets), but 54.1% 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.
−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 →
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 · 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 2024Solvency, return and age of the figures
Solvency
45.9%
Return on assets
20.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
68 d late
2022
434 d late
2020
87 d late
2019
17 d early
2016
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€105k
EBIT margin
4.0%
Net result
€10k▲ 176%
2023 · €4k
2019: €4k
2020: €934
2022: €7k
2023: €4k
2019 → 2024
Working capital
€22k▲ 82.2%
2023 · €12k
2019: €6k
2020: €7k
2022: €9k
2023: €12k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Turnover€105k-
Equity€6k-€7k▲ 14.8%€9k▲ 17.9%€12k▲ 42.4%€22k▲ 82.2%
Operating result€4k-€934▼ 77.8%€7k▲ 694%€4k▼ 46.2%€14k▲ 252%
Net result€4k-€934▼ 77.8%€7k▲ 598%€4k▼ 44.4%€10k▲ 176%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 252% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €48k
Equity
€22k ▲ 82.2%
Debt
€26k ▲ 185%
Debt's share of the balance-sheet total rises from 42.9% to 54.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.85▼
2023 · 2.33
Quick ratio
1.80▲
2023 · 1.24
Debt to equity
1.18▲
2023 · 0.75
ROE
45.1%▲
2023 · 29.8%
ROA
20.7%▲
2023 · 17.0%
Debt ≤ 1 year
€26k▲
2023 · €9k
Income taxes
€4k▲
2023 · €366
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 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€21k€48k▲
Current assets29/58€21k€48k▲
Stocks and contracts in progress3€10k€1k▼
Stocks30/36€10k€1k▼
Amounts receivable within one year40/41€1k€1k=
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€8k€44k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€21k€48k▲
Equity10/15€12k€22k▲
Contributions10/11€6k€6k=
Reserves13€934€934=
Non-distributable reserves130/1€934€934=
Other1319€934€934=
Profit (loss) carried forward14€5k€15k▲
Amounts payable17/49€9k€26k▲
Amounts payable within one year42/48€9k€26k▲
Trade debts44€4k€17k▲
Suppliers440/4€4k€17k▲
Taxes, remuneration and social security45€1k€6k▲
Taxes450/3€1k€6k▲
Other amounts payable47/48€4k€4k=
Income statement
Code20232024
Other operating charges640/8-€85
Gross operating margin9900€4k€14k▲
Operating profit (loss)9901€4k€14k▲
Financial charges65/66B-€144
Recurring financial charges65-€144
Profit (loss) for the period before taxes9903€4k€14k▲
Income taxes67/77€366€4k▲
Profit (loss) for the period9904€4k€10k▲
Profit (loss) for the period to be appropriated9905€4k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€15k▲
Profit (loss) brought forward from the previous period14P€1k€5k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Highest result since 2019net €10k ▲176%
Operating result €14k, net result €10k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 434 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €934 ▼77.8%
Net result drops to €934, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
30-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Sint-Jans-Molenbeek · 2 establishment units since 1995
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.
Schoolstraat 701080 Sint-Jans-MolenbeekGround area
170 m²
Building footprint
171 m²
Volume, LiDAR
2,486 m³
2 parcels, Brussels · tallest building 17.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Schoolstraat 70, 1080 Sint-Jans-Molenbeek
since 19952.073.626.804
Adolphe Lavalléestraat 80, 1080 Sint-Jans-Molenbeek
since 19992.073.626.903
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0211/00F007 | Brussels | 93 m² | 1 · 93 m² | 15.5 m · 5 fl. |
| 21522B0212/00D003 | Brussels | 77 m² | 1 · 78 m² | 17.8 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSint-Jans-Molenbeek2.073.626.804
Sint-Jans-Molenbeek2.073.626.903
Similar companies · same sector, comparable size
DE WASTOBBE
BE 0432.067.890
Laarne · Eq €22,191
Winston Churchill
BE 0678.549.246
Kortrijk · Eq €22,212
LA BRASSERIE
BE 0889.703.202
Zedelgem · Eq €22,156
CLIFTON
BE 0838.946.961
Gent · Eq €22,260
EXCALIBUR
BE 0464.246.453
Mons · Eq €22,126
Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 4,017 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
Founded31-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.