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NINI

Active
Sint-Martinuskerkstraat 132 ·1083 Ganshoren, Belgium
KBO/BCE: BE 0825.540.967
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Age16 yrs
Staff (FTE)0.3
Real estate1 parcel · 260 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NINI is 8.5% (elevated). The 2023 annual accounts show negative equity (€-31k) and a net result of €-22k. Equity is shrinking by ~184.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 4791 sector peers (fiscal year 2023). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
8.5% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 376 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-10-2024, 77 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.
How we compute the deadline
The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 16-10-2024 77 d late 2024-00507990
31-12-2020 31-07-2021 15-11-2021 107 d late 2021-77200468
31-12-2019 31-07-2020 30-10-2020 91 d late 2020-65800119
31-12-2017 31-07-2018 28-06-2018 33 d early 2018-25000386
31-12-2016 31-07-2017 12-07-2017 19 d early 2017-30600269
31-12-2015 31-07-2016 16-12-2016 138 d late 2016-70400163
31-12-2014 31-07-2015 24-09-2015 55 d late 2015-61200587
31-12-2011 31-07-2012 18-11-2012 110 d late 2012-64300368
31-12-2010 31-07-2011 04-06-2012 309 d late 2012-15400312

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€47k-37.3%
EBIT margin-3.2%-12.3pp
Net result€-22k-109.4%
Working capital€-33k-755.4%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 16-10-2024 with the NBB · fiscal year 2023 · micro
€-25k€0€25k€50k€75kRevenue 2019: €74k€74kOperating result 2019: €7k€7kNet result 2019: €-9k€-9kRevenue 2020: €47k€47kOperating result 2020: €-2k€-2kNet result 2020: €-10k€-10kOperating result 2023: €-21k€-21kNet result 2023: €-22k€-22k201920202023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~184.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-60k€-40k€-20k€02024: €-38k (€-41k - €-36k)2025: €-45k (€-48k - €-43k)2026: €-53k (€-55k - €-50k)2019: €-2k2020: €-4k2023: €-31k201920202023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -417.9% 16.7%
better than 5% of 4791 sector peers
Net result €-22k €2k
better than 16% of 4780 sector peers
Equity €-31k €11k
better than 13% of 4805 sector peers
Gross operating margin €-15k €42k
better than 5% of 4763 sector peers
Staff costs €6k €47k
higher than 15% of 3406 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€47k
-37.3% 19-23
EBITDA
€-21k
- 19-23
Net profit
€-22k
-109.4% 19-23
Cash flow
€-21k
- 19-23
Total assets
€7k
+145.4% 19-23
Equity
€-31k
-695.6% 19-23
Working capital
€-33k
-755.4% 19-23
Employees (FTE)
0
- 19-23
Staff costs
€6k
- 19-23
Income taxes
€215
-21.4% 19-23
Debt
€38k
+455.2% 19-23
Debt ≤ 1y
€38k
+455.2% 19-23
Current ratio
0.13
-69.7% 19-23
Quick ratio
0.10
-77.0% 19-23
Solvency
-417.9%
-224.2% 19-23
Debt / equity
-1.24
- 19-23
ROE
69.4%
-73.7% 19-23
ROA
-290.1%
+14.7% 19-23
Net margin
-22.0%
-89.6% 19-23
Interest coverage
-210.51
- 19-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€-21k
Net profit€-22k
Cash flow€-21k
Staff costs€6k
Income taxes-
Dividends-
Total assets€7k
Equity€-31k
Debt€38k
of which ≤ 1y€38k
of which > 1y-
Working capital€-33k
Employees (FTE)0.3
Ratios (computed)
2023
Current ratio0.13
Quick ratio0.10
Working capital ratio-449.3%
Solvency-417.9%
Debt / equity-1.24
Long-term debt ratio-
Interest coverage-210.51
Gross margin-
Net margin-
ROA-290.1%
ROE69.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€7k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€5k
Stocks & contracts in progress 3€1k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7k
Equity 10/15€-31k
Contributions / capital 10/11€19k
Reserves 13€181
Accumulated profits (losses) 14€-50k
Amounts payable 17/49€38k
Amounts payable within one year 42/48€38k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€-15k
Operating result 9901€-21k
Financial charges 65€99
Result before taxes 9903€-22k
Net result for the period 9904€-22k
Result to be appropriated 9905€-22k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
7 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
Maison de Khinkali
Sint-Martinuskerkstraat 132, 1083 GanshorenEetgelegenheden met beperkte bediening
since 20102.193.009.850
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area260 m²
Buildings1
Building footprint138 m²
Volume (LiDAR)739 m³
Tallest building9.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21008A0137/00D004 Brussels 260 m² 1 · 137 m² 9.6 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 2 years ago
2024
02-02-2024 Change in the board of directors Director changes·Samuel WYNANT
Notary: Samuel WYNANT · BruxellesFirm: Van Halteren, Notaires Associés

Analysis

Snowflake analysis

financial profile on 5 axes
Health7Profitability100Solvency33Growth22Stability100
52 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7
Profitability 100
Solvency 33
Growth 22
Stability 100

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Eetgelegenheden met volledige bediening56101Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met volledige bediening56111Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameFR NINI
Registered office
Sint-Martinuskerkstraat 132
1083 Ganshoren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.