OLCAY
ActiveThe computed 12-month bankruptcy probability of OLCAY is 1.7% (moderate). The 2024 annual accounts show equity of €86k and a net result of €-5k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 18939 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-67
Solvency100▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.05 against 2.32 in 2023; short-term debt: 15.3% and cash: 9% of total assets), and 23.3% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
76.7%
Return on assets
-4.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
not confirmed
2024
68 d late
2023
115 d late
2022
128 d late
2021
493 d late
2020
858 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€86k▼ 5.3%
2023 · €91k
2018: €22k
2019: €15k
2020: €39k
2021: €64k
2022: €78k
2023: €91k
2018 → 2024
Total assets
€112k▼ 20.8%
2023 · €142k
2018: €41k
2019: €49k
2020: €62k
2021: €102k
2022: €150k
2023: €142k
2018 → 2024
Net result
€-5k
2023 · €13k
2018: €-4k
2019: €-7k
2020: €24k
2021: €25k
2022: €13k
2023: €13k
2018 → 2024
Working capital
€35k▼ 36.3%
2023 · €55k
2018: €16k
2019: €-14k
2020: €15k
2021: €48k
2022: €40k
2023: €55k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€64k▲ 64.6%€78k▲ 21.0%€91k▲ 17.0%€86k▼ 5.3%
Operating result€20k-€33k▲ 66.3%€22k▼ 34.1%€22k▲ 0.6%€-7k
Net result€24k-€25k▲ 4.7%€13k▼ 46.6%€13k▼ 1.6%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €22k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €112k
Fixed assets
€60k▲ 34.5%
Current assets
€52k▼ 46.1%
Equity and liabilities €112k
Equity
€86k▼ 5.3%
Debt
€26k▼ 48.6%
The debt ratio falls from 35.9% to 23.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2023 · €37k
Cash flow
€-939▼
2023 · €29k
Solvency
76.7%▲
2023 · 64.1%
Current ratio
3.05▲
2023 · 2.32
Quick ratio
2.69▲
2023 · 2.21
Debt / equity
0.30▼
2023 · 0.56
ROE
-5.5%▼
2023 · 14.6%
ROA
-4.3%▼
2023 · 9.3%
Interest coverage
-6.86▼
2023 · 19.03
Debt
€26k▼
2023 · €51k
Debt ≤ 1 year
€17k▼
2023 · €42k
Debt > 1 year
€9k=
2023 · €9k
Income taxes
€-2k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€142k€112k▼
Fixed assets21/28€44k€60k▲
Tangible fixed assets22/27€41k€56k▲
Plant, machinery and equipment23€11k-
Furniture and vehicles24€963€27k▲
Leasing and similar rights25€27k€27k=
Other tangible fixed assets26€1k€1k=
Financial fixed assets28€4k€4k=
Current assets29/58€97k€52k▼
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€12k€36k▲
Trade receivables40€4k€4k▲
Other amounts receivable41€8k€32k▲
Cash at bank and in hand54/58€80k€10k▼
Deferred charges and accrued income490/1€681-
Equity and liabilities
Total equity and liabilities10/49€142k€112k▼
Equity10/15€91k€86k▼
Contributions10/11€6k€6k=
Reserves13€34k€34k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€51k€46k▼
Amounts payable17/49€51k€26k▼
Amounts payable after more than one year17€9k€9k=
Financial debts170/4€9k€9k=
Amounts payable within one year42/48€42k€17k▼
Current portion of amounts payable after more than one year42€8k€8k=
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€21k€4k▼
Taxes450/3€15k€3k▼
Remuneration and social security454/9€6k€1k▼
Other amounts payable47/48€10k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€384-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€4k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€39k€-479▼
Operating profit (loss)9901€22k€-7k▼
Financial income75/76B€30€1k▲
Recurring financial income75€30€1k▲
Financial charges65/66B€2k€500▼
Recurring financial charges65€2k€500▼
Profit (loss) for the period before taxes9903€20k€-7k▼
Income taxes67/77€7k€-2k▼
Profit (loss) for the period9904€13k€-5k▼
Profit (loss) for the period to be appropriated9905€13k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€46k▼
Profit (loss) brought forward from the previous period14P€38k€51k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 115 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 493 days late
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 858 days late
2021
31-12
Financial
Highest result since 2018net €25k ▲4.7%
Operating result €33k, net result €25k, both a record.
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.73
Current ratio from 0.57 to 1.73; short-term debt falls from €31k to €21k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 396 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-06-2025
Mahmud Sabahattin: Resigned as Director
19-06-2024
Mahmud Sabahattin: Resigned as Director
19-06-2024
ÖZGÜNES Mehmet: Resigned as Director
30-09-2021
Hyusein Izel: Resigned as Director
30-06-2016
Redzheb Beysim: Resigned as Manager
23-03-2015
Sadak Byulent Ahmed: Resigned as Manager
23-12-2014
ÖZGÜNES Mehmet: Resigned as Manager
31-08-2014
Sadula Efraim Ahmed: Resigned as Manager
14-05-2014
Isa Isa Mehmedali: Resigned as Manager
Location & real-estate footprint
Registered office, Assenede · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diederikstraat 69960 AssenedeGround area
249 m²
Building footprint
218 m²
Volume, LiDAR
1,095 m³
Parcel 43002E0647/00F000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Olçay
since 20032.134.347.913
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43002E0647/00F000 | Flanders | 249 m² | 1 · 218 m² | 11.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RESTAURATION IMPERIALE
BE 0861.793.332
Charleroi · Eq €86k
FOODCHEF
BE 0793.404.867
Halle · Eq €86k
MIEVERS STRO
BE 0874.936.535
Oudsbergen · Eq €86k
KÖKSAL 29
BE 0828.729.495
Hasselt · Eq €86k
BOUCHE ATELIER
BE 0798.268.329
Etterbeek · Eq €86k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 7,985 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2003
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.