LICA
ActiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
LICA has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €348,572 and a net result of €126,677. Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 78% of 16,961 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 13-10-2015 Normal situation
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112and 1 other
- Establishment unit
- 2.246.581.762 1030 Schaarbeek, since 13-10-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 20-08-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €328,139
- ▲ 53.8%
- Turnover
- ≈ €930,000
- estimated
- Profit
- €126,677
- ▲ 73.1%
- Equity
- €348,572
- ▲ 57.1%
- Total assets
- €558,280
- ▲ 46.6%
- Staff
- 4.1 FTE
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 2.62, cash €316,185Equity €348,572 (62.4% of total assets)Figures for financial year 2025 (filed on 23-05-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 78% of them on solvency, 93% on liquidity, 84% on profitability and 83% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-05-2026 PDF all 10 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 84% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as LICA: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €500,000 and €627,000, founded between 2014 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| LICA Schaarbeek | 2015 | €0.6m | €0.3m | €0.3m | - | €0.1m | - | 2025 |
| BELARLINA Anderlecht | 2014 | €0.5m | €0.04m | €0.4m | - | €0.09m | 5.8 | 2025 |
| Kiraz Aartselaar | 2015 | €0.6m | €0.4m | €0.3m | €1.1m | €0.04m | - | 2025 |
| HAPPY FOOD Erpe-Mere | 2016 | €0.6m | €0.6m | €0.3m | - | €0.1m | - | 2026 |
| Tasko Antwerpen | 2016 | €0.5m | €0.05m | €0.3m | - | €0.02m | 11.1 | 2025 |
| FRITERIE CHEZ RAYMOND Charleroi | 2016 | €0.6m | €0.1m | €0.3m | - | €0.04m | - | 2025 |
| DE NIEUWE ROMA Hoogstraten | 2016 | €0.5m | €0.2m | €0.3m | - | €0.07m | - | 2025 |
They were chosen from the 10,326 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as LICA has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of LICA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for LICA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €17,933 | €14,739 | €51,930 | €61,787 | €76,342 | ▲ 23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,520 | €14,617 | €14,551 | €23,835 | €34,429 | €33,419 | €44,982 | €57,715 | ▲ 28.3% |
| Other operating charges640/8 | - | - | - | €629 | €2,552 | €2,873 | €2,033 | €1,353 | ▼ 33.4% |
| Gross operating margin9900 | €49,743 | €71,463 | €159,239 | €55,944 | €30,745 | €109,532 | €213,304 | €328,139 | ▲ 53.8% |
| Operating profit (loss)9901 | €36,050 | €45,777 | €133,860 | €13,547 | -€20,977 | €21,311 | €104,502 | €192,728 | ▲ 84.4% |
| Financial income75/76B | - | - | - | €17 | €0 | €1 | €952 | €3,849 | ▲ 304% |
| Recurring financial income75 | - | - | - | €17 | €0 | €1 | €952 | €3,849 | ▲ 304% |
| Financial charges65/66B | - | - | - | €1,550 | €1,723 | €6,024 | €4,527 | €10,361 | ▲ 129% |
| Recurring financial charges65 | €2,757 | €2,029 | €2,292 | €1,550 | €1,723 | €6,024 | €4,527 | €10,361 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €33,292 | €43,748 | €131,568 | €12,014 | -€22,700 | €15,287 | €100,927 | €186,217 | ▲ 84.5% |
| Income taxes67/77 | €8,783 | €9,504 | €43,228 | €4,804 | €572 | €1,535 | €27,742 | €59,539 | ▲ 115% |
| Profit (loss) for the period9904 | €24,510 | €34,243 | €88,340 | €7,210 | -€23,272 | €13,751 | €73,185 | €126,677 | ▲ 73.1% |
| Profit (loss) for the period to be appropriated9905 | €24,510 | €34,243 | €88,340 | €7,210 | -€23,272 | €13,751 | €73,185 | €126,677 | ▲ 73.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €112,724 | €144,952 | €351,733 | €381,757 | €247,540 | €256,253 | €380,829 | €558,280 | ▲ 46.6% |
| Fixed assets21/28 | €99,693 | €90,510 | €79,459 | €113,924 | €123,266 | €92,047 | €225,789 | €225,605 | ▼ 0.1% |
| Tangible fixed assets22/27 | €99,443 | €90,310 | €79,259 | €113,724 | €123,066 | €91,847 | €225,589 | €225,405 | ▼ 0.1% |
| Plant, machinery and equipment23 | - | - | - | €15,527 | €12,325 | €9,123 | €58,420 | €54,525 | ▼ 6.7% |
| Furniture and vehicles24 | - | - | - | €1,532 | €531 | €2,224 | €52,684 | €90,674 | ▲ 72.1% |
| Leasing and similar rights25 | - | - | - | €37,545 | €63,328 | €45,339 | €27,350 | €9,361 | ▼ 65.8% |
| Other tangible fixed assets26 | - | - | - | €59,119 | €46,881 | €35,161 | €87,136 | €70,845 | ▼ 18.7% |
| Financial fixed assets28 | €250 | €200 | €200 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €13,031 | €54,442 | €272,273 | €267,833 | €124,274 | €164,206 | €155,040 | €332,675 | ▲ 115% |
| Stocks and contracts in progress3 | €2,500 | €2,500 | €2,500 | €4,500 | €7,500 | €7,500 | €5,000 | €1,500 | ▼ 70.0% |
| Stocks30/36 | - | - | - | €4,500 | €7,500 | €7,500 | €5,000 | €1,500 | ▼ 70.0% |
| Amounts receivable within one year40/41 | €1,097 | €3,071 | €28,376 | €13,760 | €77,183 | €88,966 | €11,587 | €12,458 | ▲ 7.5% |
| Trade receivables40 | - | - | - | €9,639 | €6,032 | €7,317 | €7,350 | €9,695 | ▲ 31.9% |
| Other amounts receivable41 | - | - | - | €4,121 | €71,151 | €81,648 | €4,237 | €2,763 | ▼ 34.8% |
| Cash at bank and in hand54/58 | €9,072 | €48,441 | €169,335 | €242,815 | €28,576 | €60,777 | €135,377 | €316,185 | ▲ 134% |
| Deferred charges and accrued income490/1 | - | - | - | €6,758 | €11,015 | €6,963 | €3,076 | €2,532 | ▼ 17.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €112,724 | €144,952 | €351,733 | €381,757 | €247,540 | €256,253 | €380,829 | €558,280 | ▲ 46.6% |
| Equity10/15 | €42,237 | €76,480 | €171,020 | €178,230 | €154,958 | €148,709 | €221,894 | €348,572 | ▲ 57.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €21,860 | €21,860 | €109,860 | €109,860 | €109,860 | €99,860 | €173,045 | €299,545 | ▲ 73.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €108,000 | €108,000 | €99,860 | €173,045 | €299,545 | ▲ 73.1% |
| Profit (loss) carried forward14 | €14,177 | €48,420 | €48,760 | €55,970 | €32,698 | €36,449 | €36,449 | €36,627 | ▲ 0.5% |
| Amounts payable17/49 | €70,487 | €68,472 | €180,713 | €203,527 | €92,581 | €107,543 | €158,935 | €209,708 | ▲ 31.9% |
| Amounts payable after more than one year17 | €14,212 | €7,484 | €583 | €28,751 | €42,268 | €22,402 | €72,261 | €82,907 | ▲ 14.7% |
| Financial debts170/4 | - | - | - | €28,751 | €42,268 | €22,402 | €72,261 | €82,907 | ▲ 14.7% |
| Amounts payable within one year42/48 | €56,275 | €60,988 | €180,130 | €174,776 | €50,313 | €85,141 | €86,674 | €126,801 | ▲ 46.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,344 | €19,627 | €19,866 | €43,187 | €32,294 | ▼ 25.2% |
| Trade debts44 | €4,339 | €12,344 | €45,382 | €73,265 | €11,305 | €29,382 | €19,204 | €37,005 | ▲ 92.7% |
| Suppliers440/4 | - | - | - | €73,265 | €11,305 | €29,382 | €19,204 | €37,005 | ▲ 92.7% |
| Advances received on contracts in progress46 | - | - | - | €530 | €4,272 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €91,637 | €15,110 | €16,875 | €23,172 | €49,178 | ▲ 112% |
| Taxes450/3 | - | - | - | €4,805 | €6,069 | €4,046 | €7,899 | €29,913 | ▲ 279% |
| Remuneration and social security454/9 | - | - | - | €86,832 | €9,041 | €12,828 | €15,273 | €19,265 | ▲ 26.1% |
| Other amounts payable47/48 | - | - | - | - | - | €19,019 | €1,110 | €8,324 | ▲ 650% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,510 | €34,243 | €88,340 | €7,210 | -€23,272 | €13,751 | €73,185 | €126,677 | ▲ 73.1% |
| + Depreciation and write-downs630 | €13,520 | €14,617 | €14,551 | €23,835 | €34,429 | €33,419 | €44,982 | €57,715 | ▲ 28.3% |
| Operating cash flow (approximation) | €38,030 | €48,861 | €102,890 | €31,045 | €11,157 | €47,171 | €118,167 | €184,392 | ▲ 56.0% |
| Investment in fixed assets (approximation) | - | -€5,435 | -€3,500 | -€58,299 | -€43,771 | -€2,201 | -€178,724 | -€57,531 | ▲ 67.8% |
| Change in cash | - | €39,369 | €120,894 | €73,481 | -€214,239 | €32,201 | €74,600 | €180,808 | ▲ 142% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-05-2026 | 2026-00118989 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00225652 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00146883 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00205786 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20258604 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59100430 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-32600379 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300551 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33100405 | |
| 31-12-2016 | full format | 16-06-2017 | 2017-18300043 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 09-01-2024 Converted to unavailable equity · €14,260
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sefa Alban |
|
| Sefa Astrit |
|
| Sefa Ilir |
|
Articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Cessions n’ont d’effet vis-à-vis société et tiers qu’à dater de leur inscription, nominatives”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement au nombre acquis s’ils sont plusieurs, choisi de commun accord ou à défaut par président…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Actions nouvelles à souscrire en numéraire, jusqu’émission entièrement souscrite ou plus aucun actionnaire ne se prévale,selon modalités…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Assemblée générale, prévues pour modifications aux statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Articles of association, deed of 09-01-2024 (in French)
Network & group
LICA shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of LICA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousCapital conversion · Capital · Power of attorney6 points ▸
- General meeting, 29-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Power of attorney
- Power of attorney, Joost DE POTTER
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21904B0432/00X002 | Brussels | 231 m² | 1 · 102 m² | 14.6 m · 4 |