KUSMA
ActiveThe computed 12-month bankruptcy probability of KUSMA is 1.8% (moderate). The 2024 annual accounts show equity of €142k and a net result of €41k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 95% of 2935 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.12 against 3.83 in 2023; short-term debt: 13.3% and cash: 24.4% of total assets), and 13.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
on the day
2022
31 d late
2021
31 d late
2020
31 d late
2019
133 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€142k▲ 41.1%
2023 · €101k
2018: €26k
2019: €51k
2020: €90k
2021: €128k
2022: €121k
2023: €101k
2018 → 2024
Total assets
€164k▲ 27.4%
2023 · €129k
2018: €58k
2019: €78k
2020: €121k
2021: €169k
2022: €221k
2023: €129k
2018 → 2024
Net result
€41k
2023 · €-21k
2018: €7k
2019: €25k
2020: €39k
2021: €38k
2022: €-6k
2023: €-21k
2018 → 2024
Working capital
€112k▲ 41.0%
2023 · €79k
2018: €-9k
2019: €22k
2020: €67k
2021: €121k
2022: €111k
2023: €79k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€90k-€128k▲ 41.7%€121k▼ 4.8%€101k▼ 17.0%€142k▲ 41.1%
Operating result€52k-€52k▼ 0.4%€-6k€-17k▼ 174%€53k
Net result€39k-€38k▼ 3.0%€-6k€-21k▼ 234%€41k
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 returns to profit in 2024: €53k after a loss of €17k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164k
Fixed assets
€30k▲ 41.7%
Current assets
€134k▲ 24.6%
Equity and liabilities €164k
Equity
€142k▲ 41.1%
Debt
€22k▼ 22.0%
The debt ratio falls from 21.7% to 13.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▲
2023 · €-14k
Cash flow
€42k▲
2023 · €-18k
Solvency
86.7%▲
2023 · 78.3%
Current ratio
6.12▲
2023 · 3.83
Quick ratio
6.05▲
2023 · 3.83
Debt / equity
0.15▼
2023 · 0.28
ROE
29.1%▲
2023 · -20.4%
ROA
25.3%▲
2023 · -16.0%
Interest coverage
60.69▲
2023 · -2.14
Debt
€22k▼
2023 · €28k
Debt ≤ 1 year
€22k▼
2023 · €28k
Income taxes
€13k▲
2023 · €0
Staff costs
€23k▲
2023 · €0
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€129k€164k▲
Fixed assets21/28€21k€30k▲
Tangible fixed assets22/27€15k€24k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€4k€5k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€9k€17k▲
Financial fixed assets28€7k€7k=
Current assets29/58€107k€134k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€103k€88k▼
Trade receivables40€42k€3k▼
Other amounts receivable41€62k€85k▲
Cash at bank and in hand54/58€915€40k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€129k€164k▲
Equity10/15€101k€142k▲
Contributions10/11€18k€18k=
Reserves13€78k€124k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€76k€124k▲
Profit (loss) carried forward14€4k€0▼
Amounts payable17/49€28k€22k▼
Amounts payable within one year42/48€28k€22k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€27k€5k▼
Suppliers440/4€27k€5k▼
Taxes, remuneration and social security45€0€13k▲
Taxes450/3€0€13k▲
Remuneration and social security454/9€0€250▲
Other amounts payable47/48€1k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€0€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€868▼
Other operating charges640/8€7k€1k▼
Gross operating margin9900€-8k€78k▲
Operating profit (loss)9901€-17k€53k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€7k€882▼
Recurring financial charges65€7k€882▼
Profit (loss) for the period before taxes9903€-21k€55k▲
Income taxes67/77€0€13k▲
Profit (loss) for the period9904€-21k€41k▲
Profit (loss) for the period to be appropriated9905€-21k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€46k▲
Profit (loss) brought forward from the previous period14P€25k€4k▼
Transfer to equity691/2-€46k
To other reserves6921-€46k
Social balance
Average headcount (FTE)9087-1.3
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €128k ▲41.7%
4 profitable years in a row build equity to €128k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 133 days late
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 499 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.98
Current ratio from 0.64 to 1.98; short-term debt falls from €25k to €22k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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 · 1 establishment unit since 2017
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.
Noordstraat 269000 GentGround area
76 m²
Building footprint
76 m²
Volume, LiDAR
770 m³
Parcel 44815F3633/00C002, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Garam masala
since 20172.271.075.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3633/00C002 | Flanders | 76 m² | 1 · 76 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
1 siteGent2.271.075.945
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.