NAZDAR
ActiveSummary
The computed 12-month bankruptcy probability of NAZDAR is 1.9% (moderate). The 2025 annual accounts show equity of €56,449 and a net result of -€56. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 13874 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+3
Solvency100=
Growth78=
Track record92
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 29.71 against 54.26 in 2024; short-term debt: 3.4% of total assets), and 3.4% of the assets are financed with debt.
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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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
13 d late
2023
5 d early
2022
7 d early
2021
33 d early
2020
61 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€56,449▼ 0.1%
2024 · €56,506
Total assets
€58,416▲ 1.5%
2024 · €57,563
Net result
-€56▲ 93.7%
2024 · -€888
Working capital
€56,449▲ 0.3%
2024 · €56,306
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,371▼ 37.9%-€6,647€2,429-€2,672-€1,535▲ 42.6%
Net result€19,599within the sector's middle half▼ 29.1%-€5,573within the sector's middle half€4,196within the sector's middle half-€888within the sector's middle half-€56within the sector's middle half▲ 93.7%
Equity€58,769within the sector's middle half▲ 50.0%€53,197within the sector's middle half▼ 9.5%€57,393within the sector's middle half▲ 7.9%€56,506within the sector's middle half▼ 1.5%€56,449within the sector's middle half▼ 0.1%
Total assets€77,708within the sector's middle half▲ 38.9%€64,030within the sector's middle half▼ 17.6%€67,269within the sector's middle half▲ 5.1%€57,563within the sector's middle half▼ 14.4%€58,416within the sector's middle half▲ 1.5%
Debt€18,939▲ 12.8%€10,833▼ 42.8%€9,875▼ 8.8%€1,057▼ 89.3%€1,966▲ 86.0%
Working capital€55,287above the sector's middle half▲ 72.4%€53,138above the sector's middle half▼ 3.9%€55,337above the sector's middle half▲ 4.1%€56,306above the sector's middle half▲ 1.8%€56,449above the sector's middle half▲ 0.3%
Solvency75.6%above the sector's middle half▲ 5.6pp83.1%above the sector's middle half▲ 7.5pp85.3%above the sector's middle half▲ 2.2pp98.2%above the sector's middle half▲ 12.8pp96.6%above the sector's middle half▼ 1.5pp
Current ratio3.92above the sector's middle half▲ 1.016.87above the sector's middle half▲ 2.956.60above the sector's middle half▼ 0.2754.26above the sector's middle half▲ 47.6529.71above the sector's middle half▼ 24.55
Return on assets (ROA)25.2%above the sector's middle half▼ 24.1pp-8.7%within the sector's middle half▼ 33.9pp6.2%within the sector's middle half▲ 14.9pp-1.5%within the sector's middle half▼ 7.8pp-0.1%within the sector's middle half▲ 1.4pp
Staff (FTE)0.4=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,535 in 2025 against €2,672 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €58,416
Equity
€56,449 ▼ 0.1%
Debt
€1,966 ▲ 86.0%
Debt's share of the balance-sheet total rises from 1.8% to 3.4%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.03▲
2024 · 0.02
ROE
-0.1%▲
2024 · -1.6%
Debt ≤ 1 year
€1,966▲
2024 · €1,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.9%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,000 | €6,285 | - | €3,700 | - | - |
| Remuneration, social security and pensions62 | €2,453 | €654 | €194 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,823 | €1,641 | €2,212 | - | - | - |
| Other operating charges640/8 | €1,707 | €7,160 | €1,290 | - | - | - |
| Non-recurring operating charges66A | - | - | €564 | €5,527 | - | - |
| Gross operating margin9900 | €29,354 | €2,808 | €6,690 | €2,855 | -€1,535 | ▼ 154% |
| Operating profit (loss)9901 | €21,371 | -€6,647 | €2,429 | -€2,672 | -€1,535 | ▲ 42.6% |
| Financial income75/76B | €684 | €1,394 | €2,445 | €2,363 | €1,801 | ▼ 23.8% |
| Recurring financial income75 | €684 | €1,394 | €2,445 | €2,363 | €1,801 | ▼ 23.8% |
| Financial charges65/66B | €48 | €319 | €373 | €579 | €322 | ▼ 44.4% |
| Recurring financial charges65 | €48 | €319 | €373 | €579 | €322 | ▼ 44.4% |
| Profit (loss) for the period before taxes9903 | €22,007 | -€5,573 | €4,502 | -€888 | -€56 | ▲ 93.7% |
| Income taxes67/77 | €2,407 | - | €305 | - | - | - |
| Profit (loss) for the period9904 | €19,599 | -€5,573 | €4,196 | -€888 | -€56 | ▲ 93.7% |
| Profit (loss) for the period to be appropriated9905 | €19,599 | -€5,573 | €4,196 | -€888 | -€56 | ▲ 93.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,708 | €64,030 | €67,269 | €57,563 | €58,416 | ▲ 1.5% |
| Fixed assets21/28 | €3,482 | €1,841 | €2,057 | €200 | - | - |
| Tangible fixed assets22/27 | €3,282 | €1,641 | €1,857 | - | - | - |
| Plant, machinery and equipment23 | €3,282 | €1,641 | - | - | - | - |
| Furniture and vehicles24 | - | - | €1,857 | - | - | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | - | - |
| Current assets29/58 | €74,226 | €62,189 | €65,212 | €57,363 | €58,416 | ▲ 1.8% |
| Stocks and contracts in progress3 | €2,178 | €2,463 | €4,019 | - | - | - |
| Stocks30/36 | €2,178 | €2,463 | €4,019 | - | - | - |
| Amounts receivable within one year40/41 | €15,748 | €24,609 | €30,690 | €32,867 | €58,416 | ▲ 77.7% |
| Trade receivables40 | €2,774 | - | - | - | - | - |
| Other amounts receivable41 | €12,974 | €24,609 | €30,690 | €32,867 | €58,416 | ▲ 77.7% |
| Cash at bank and in hand54/58 | €54,774 | €35,118 | €28,854 | €24,496 | - | - |
| Deferred charges and accrued income490/1 | €1,525 | - | €1,650 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,708 | €64,030 | €67,269 | €57,563 | €58,416 | ▲ 1.5% |
| Equity10/15 | €58,769 | €53,197 | €57,393 | €56,506 | €56,449 | ▼ 0.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €50,709 | €45,137 | €49,333 | €48,446 | €48,389 | ▼ 0.1% |
| Amounts payable17/49 | €18,939 | €10,833 | €9,875 | €1,057 | €1,966 | ▲ 86.0% |
| Amounts payable within one year42/48 | €18,939 | €9,050 | €9,875 | €1,057 | €1,966 | ▲ 86.0% |
| Financial debts43 | - | - | - | - | €5 | - |
| Credit institutions430/8 | - | - | - | - | €5 | - |
| Trade debts44 | €4,357 | €2,820 | €6,477 | €733 | €1,637 | ▲ 123% |
| Suppliers440/4 | €4,357 | €2,820 | €6,477 | €733 | €1,637 | ▲ 123% |
| Taxes, remuneration and social security45 | €14,370 | €6,048 | €2,598 | €324 | €324 | = |
| Taxes450/3 | €9,256 | €4,786 | €598 | €324 | €324 | = |
| Remuneration and social security454/9 | €5,114 | €1,262 | €2,000 | - | - | - |
| Other amounts payable47/48 | €212 | €182 | €800 | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,783 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,599 | -€5,573 | €4,196 | -€888 | -€56 | ▲ 93.7% |
| + Depreciation and write-downs630 | €3,823 | €1,641 | €2,212 | - | - | - |
| Operating cash flow (approximation) | €23,422 | -€3,932 | €6,409 | -€888 | -€56 | ▲ 93.7% |
| Investment in fixed assets (approximation) | - | €0 | -€2,428 | €1,857 | - | - |
| Change in cash | - | -€19,657 | -€6,264 | -€4,358 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Liquidity times 8current ratio 54.26
Current ratio from 6.60 to 54.26; short-term debt falls from €9,875 to €1,057.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
05-07
KBO administration
Address struck
Grand’Place 35 7800 L’adresse du siège Grand’Place 35 7800 Ath Die Sitzadresse Grand’Place 35 7800 Ath
Ath werd doorgehaald met ingang van · event 09-04-2024
2023
31-12
Financial
Back to profitnet €4,196
Net result €4,196 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€5,573
Net result drops to -€5,573, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €27,625 ▲296%
Operating result €34,387, net result €27,625, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.91
Current ratio from 1.02 to 2.91; short-term debt falls from €18,356 to €16,785.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6,980
Net result €6,980 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 113 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 14 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2019
Ground area
165 m²
Building footprint
65 m²
Volume, LiDAR
785 m³
Parcel 51004D0191/00D000, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KING OF KEBAB
since 2019unit no. 2.287.589.305
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004D0191/00D000 | Wallonia | 165 m² | 1 · 65 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,835 companies in this sector we hold annual accounts for 9,786. 8,334 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded02-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
46170Agents in the wholesale of food, beverages and tobacco
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828934284
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.