NINI
ActiveSummary
The computed 12-month bankruptcy probability of NINI is 3.2% (moderate). The 2025 annual accounts show negative equity (-€2,920) and a net result of €10,588. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 13604 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability100▲+100
Solvency7▲+7
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.13 in 2023; short-term debt: 117.9% and cash: 48.9% of total assets), and equity is negative.
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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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-17.9%
Return on assets
64.9%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2023
77 d late
2020
107 d late
2019
91 d late
2017
33 d early
2016
19 d early
2015
138 d late
← 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 56 days after the deadline; the sector median for financial year 2023 is 14 days after the deadline, and 55% of the sector filed late.
Checked, nothing found (2)
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 17 October (4 of the last 5 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€46,656▼ 37.3%
2019 · €74,362
EBIT margin
-3.2%▼ 12.3pp
2019 · 9.1%
Net result
€10,588
2023 · -€21,518
Working capital
-€5,974▲ 82.1%
2023 · -€33,322
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020232025
Turnover€74,362-€46,656▼ 37.3%
Operating result€6,771--€1,503-€21,419-€10,685-
Net result€6,408--€1,636within the sector's middle half-€21,518below the sector's middle half-€10,588within the sector's middle half-
EBIT margin9.1%--3.2%▼ 12.3pp
Equity-€2,260--€3,895within the sector's middle half▼ 72.4%-€30,994below the sector's middle half--€2,920below the sector's middle half-
Total assets€5,395-€3,023below the sector's middle half▼ 44.0%€7,417below the sector's middle half-€16,310below the sector's middle half-
Debt€7,655-€6,918▼ 9.6%€38,410-€19,230-
Working capital-€2,260--€3,895within the sector's middle half▼ 72.4%-€33,322within the sector's middle half--€5,974within the sector's middle half-
Solvency-41.9%--417.9%below the sector's middle half--17.9%below the sector's middle half-
Current ratio0.70-0.13below the sector's middle half-0.69within the sector's middle half-
Return on assets (ROA)118.8%--290.1%below the sector's middle half-64.9%above the sector's middle half-
Staff (FTE)0.3-
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 is €10,685 in 2025, compared with -€21,419 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €16,310
Fixed assets
€3,054 ▲ 31.2%
Current assets
€13,256 ▲ 161%
Key figures and ratios
EBITDA
€11,267▲
2023 · -€20,836
Cash flow
€11,170▲
2023 · -€20,935
Quick ratio
0.58▲
2023 · 0.10
Debt to equity
-6.59▼
2023 · -1.24
Interest coverage
116.48▲
2023 · -210.51
Debt ≤ 1 year
€19,230▼
2023 · €38,410
Staff costs
€21,195▲
2023 · €5,717
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,640 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 | 2019 | 2020 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €74,362 | €46,656 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €5,717 | €21,195 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €582 | €582 | - |
| Other operating charges640/8 | - | - | €375 | €1,090 | - |
| Gross operating margin9900 | €7,092 | -€1,143 | -€14,744 | €33,551 | - |
| Operating profit (loss)9901 | €6,771 | -€1,503 | -€21,419 | €10,685 | - |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | €1 | - | €0 | - |
| Financial charges65/66B | - | - | €99 | €97 | - |
| Recurring financial charges65 | €89 | €1 | €99 | €97 | - |
| Profit (loss) for the period before taxes9903 | €6,682 | -€1,421 | -€21,518 | €10,588 | - |
| Income taxes67/77 | €274 | €215 | - | - | - |
| Profit (loss) for the period9904 | €6,408 | -€1,636 | -€21,518 | €10,588 | - |
| Profit (loss) for the period to be appropriated9905 | €6,408 | -€1,636 | -€21,518 | €10,588 | - |
| Line | 2019 | 2020 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5,395 | €3,023 | €7,417 | €16,310 | - |
| Fixed assets21/28 | - | - | €2,329 | €3,054 | - |
| Tangible fixed assets22/27 | - | - | €2,329 | €1,164 | - |
| Plant, machinery and equipment23 | - | - | €2,329 | €1,164 | - |
| Furniture and vehicles24 | - | - | €0 | €0 | - |
| Financial fixed assets28 | - | - | - | €1,890 | - |
| Current assets29/58 | €5,395 | €3,023 | €5,088 | €13,256 | - |
| Stocks and contracts in progress3 | - | - | €1,230 | €2,061 | - |
| Stocks30/36 | - | - | €1,230 | €2,061 | - |
| Amounts receivable within one year40/41 | €2,479 | €2,561 | €1,010 | €2,804 | - |
| Trade receivables40 | - | - | - | €1,187 | - |
| Other amounts receivable41 | - | - | €1,010 | €1,617 | - |
| Cash at bank and in hand54/58 | €2,916 | €462 | €2,848 | €7,982 | - |
| Deferred charges and accrued income490/1 | - | - | - | €410 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5,395 | €3,023 | €7,417 | €16,310 | - |
| Equity10/15 | -€2,260 | -€3,895 | -€30,994 | -€2,920 | - |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | - |
| Reserves13 | €181 | €181 | €181 | €181 | - |
| Non-distributable reserves130/1 | - | - | €181 | €181 | - |
| Reserves not available under the articles1311 | - | - | €181 | €181 | - |
| Profit (loss) carried forward14 | -€8,640 | -€10,276 | -€49,774 | -€21,700 | - |
| Amounts payable17/49 | €7,655 | €6,918 | €38,410 | €19,230 | - |
| Amounts payable within one year42/48 | €7,655 | €6,918 | €38,410 | €19,230 | - |
| Trade debts44 | €210 | €284 | €1,981 | - | - |
| Suppliers440/4 | - | - | €1,981 | - | - |
| Taxes, remuneration and social security45 | - | - | €17,639 | €8,889 | - |
| Taxes450/3 | - | - | €5,011 | €7,684 | - |
| Remuneration and social security454/9 | - | - | €12,627 | €1,205 | - |
| Other amounts payable47/48 | - | - | €18,791 | €10,341 | - |
| Line | 2019 | 2020 | 2023 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,408 | -€1,636 | -€21,518 | €10,588 | - |
| + Depreciation and write-downs630 | - | - | €582 | €582 | - |
| Operating cash flow (approximation) | €6,408 | -€1,636 | -€20,935 | €11,170 | - |
| Change in cash | - | -€2,454 | - | - | - |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
17-07
State Gazette act
Capital & shares · Resignations & appointmentsShare transfer · Partner · Shareholding6 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
Share transfer · Partner · Shareholding6 facts ▸
- General meeting, 01-04-2026
- Share transfer, Burdiladze Nino → Tsartsidze Besik
- Partner, Tsartsidze Besik (partner)
- Shareholding, 01-04-2026, Parts sociales
- Shareholding, 01-04-2026, Parts sociales
- Other statement, inscription au registre des parts sociales, immédiatement
2025
31-12
Financial
Back to profitnet €10,588
Net result €10,588 after 2 loss-making years.
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
31-12
Financial
Weakest financial yearnet -€21,518
Net result drops to -€21,518, the lowest in the series; recovery starts the following year.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 138 days late
2015
24-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 55 days late
2012
18-11
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 110 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 309 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ganshoren · 1 establishment unit since 2010
Ground area
260 m²
Building footprint
138 m²
Volume, LiDAR
739 m³
Parcel 21008A0137/00D004, Brussels · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maison de Khinkali
since 20102.193.009.850
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0137/00D004 | Brussels | 260 m² | 1 · 137 m² | 9.6 m · 2 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.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-07-2026 ↗
- Tsartsidze Besik associé · 10 shares
- Burdiladze Nino 90 shares
Share transfer
act of 17-07-2026 ↗
- Burdiladze Nino to Tsartsidze Besik 10 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGanshoren2.193.009.850
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825540967
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.