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NI-CHA

Active
Private limited companyfounded 200917 yrs activeStationsstraat 10, 8820 Torhout, BelgiumKBO/BCE: BE 0817.210.746
Summary

The computed 12-month bankruptcy probability of NI-CHA is 5.0% (elevated). The 2024 annual accounts show negative equity (-€133,895) and a net result of -€44,558. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 18932 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
NI-CHAActiveChecked score 35/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301
2 sites
Size
€77,334total assets 2024
Equity
-€133,895
Loss
-€44,558
Turnover not published (abridged schema)
Financial health
35 Weak Checked score 2024
Bankruptcy chance 12 m
5.0%
Structure
Accounts 64 d overdue0 of 7 deeds read
Why 35- Sector Food and beverage service activities (NACE 56)- Loss of €44,558, the second in a row (FY 2024)+ Founded in 2009+ Size: total assets €77,334Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 9% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -173.1% of total assets
Liquidity 2+1
short-term debt 257.1% · cash 1.7%
Profitability 0=
return on assets -57.6%
Bankruptcy probability, 12 months
5.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,482 companies)
Last 24 months 11-2024: 3.6% 12-2024: 3.6%● 0.0% vs 11-2024 01-2025: 3.6%▼ -0.2% vs 12-2024 02-2025: 3.5%▼ -1.6% vs 01-2025 03-2025: 3.4%▼ -4.2% vs 02-2025 04-2025: 3.4%● 0.0% vs 03-2025 05-2025: 3.2%▼ -4.3% vs 04-2025 06-2025: 3.1%▼ -3.8% vs 05-2025lowest value 07-2025: 3.4%▲ +9.2% vs 06-2025 08-2025: 4.0%▲ +18.3% vs 07-2025 09-2025: 4.0%▲ +0.9% vs 08-2025 10-2025: 4.0%● 0.0% vs 09-2025 11-2025: 4.0%● 0.0% vs 10-2025 12-2025: 4.0%● 0.0% vs 11-2025 01-2026: 4.0%▼ -0.8% vs 12-2025 02-2026: 4.0%● 0.0% vs 01-2026 03-2026: 3.9%▼ -3.1% vs 02-2026 04-2026: 3.9%● 0.0% vs 03-2026 05-2026: 3.7%▼ -4.2% vs 04-2026 06-2026: 3.6%▼ -3.7% vs 05-2026 07-2026: 3.8%▲ +6.9% vs 06-2026 08-2026: 4.5%▲ +17.9% vs 07-2026 09-2026: 4.8%▲ +5.6% vs 08-2026 10-2026: 5.0%▲ +5.3% vs 09-2026highest value
  • Founded in 2009 lowers the probability for this profile
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • Loss of €44,558, the second in a row (FY 2024) raises the probability
  • Size: total assets €77,334 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.07 against 0.14 in 2023; short-term debt: 257.1% and cash: 1.7% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 9%, liquidity 4%, profitability 8%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2009
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Loss of €44,558, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €77,334
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€133,895
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
13 d early
2022
24 d early
2021
40 d early
2020
15 d early
2019
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Weakest financial yearnet -€70,908

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€133,895 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€44,558 View
  • Caution: Among the weakest 5% on net resultsector median €5,297 · 18,911 companies -€44,558 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€77,334
Loss
-€44,558
Solvency
-173.1%
Total assets▼ 25.2%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 29-08-2025Annual accounts filed
  2. 18-07-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
16-07-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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