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PITA PALACE

Active
Private limited company (pre-2019)founded 2005active for 21 yearsKoninginnelaan 114, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0877.018.966

From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PITA PALACE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,146) and a net result of -€1,302. Equity has been shrinking by about 13% per year since 2018. Its solvency ranks better than 13% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

KBO
Status
Active since 31-10-2005 Normal situation
Activity
Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110and 1 other
Establishment unit
2.149.970.851 1853 Grimbergen, since 16-11-2005
Financial year end
31 December
Peppol
Reachable since 05-01-2026

Board and ownership

Board
  • Gul HayrettinDirector

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts 2025
Gross margin
-€1,143
▼ 97.9%
Loss
€1,302
▲ 103%
Equity
-€13,146
▼ 11.0%
Total assets
€32,900
▲ 437×
Turnover not published (micro format)
Filed on 10-07-2026, 21 days before the deadlineat the National Bank
Score breakdownraises riskCapped at 59: negative equityNegative equity -€13,146Liquidity: current ratio 0.61, cash €39lowers riskSize: total assets €32,900Founded in 2005Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 14% of micro companies in retail trade (NACE 47)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -40.0% of total assets
Liquidity 0-50
short-term debt 140.0% · cash 0.1%
Profitability 28+28
return on assets -4.0%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 0.9%▼ -0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025lowest value 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.1%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 1.0%▼ -0.1 percentage points vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026 11-2026: 1.0%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.61, below 1. Short-term debt is 140% and cash 0.1% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 2% on liquidity, 24% on profitability and 25% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €32,900
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€13,146
NBB · annual accounts
lowers risk · Founded in 2005
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.61, cash €39
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,146
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
24 days early
2023
23 days late
2022
31 days late
2021
26 days late
2020
31 days late
2019
11 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€13,146 View
  • Risk: 8 loss-making years in a rowloss in financial year 2025 -€1,302 View
  • Caution: Lower solvency than 86% of companies in retail tradesector median 33.2% · 22,726 companies -40.0% View

Comparable companies

These companies have the same main activity as PITA PALACE: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €24,300 and €42,800, founded between 2002 and 2006.

CompanyTotal assetsGross margin
PITA PALACE Schaarbeek€32,900-€1,143
BUTT BROTHERS INTERNATIONAL Etterbeek€32,406-€11,516
ADRIANEK Sint-Gillis (bij-Brussel)€39,712€228
VAN Anderlecht€32,944-€3,257
SPRL EMMANUEL Elsene€42,813-€6,827
ALI Brussel€30,583-€1,288
PACIFICO Brussel€24,274-€931
Full comparison

Documents

Annual accounts at the NBB

All 20 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about PITA PALACE

What is the company number of PITA PALACE?
The company number of PITA PALACE is 0877.018.966. The VAT number is the same number with BE in front: BE 0877.018.966.
Where is PITA PALACE based?
The registered office is at Koninginnelaan 114, 1030 Schaarbeek.Company details
What does PITA PALACE do?
According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of PITA PALACE?
The legal form of PITA PALACE is Private limited company (pre-2019) (BVBA).
When was PITA PALACE founded?
PITA PALACE was founded on 31-10-2005.
Is PITA PALACE still active?
Yes, PITA PALACE is an active enterprise in the KBO register.
What is the turnover of PITA PALACE?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is PITA PALACE profitable?
In financial year 2025, PITA PALACE made a loss of €1,302.
Where can I find the annual accounts of PITA PALACE?
PITA PALACE filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of PITA PALACE due?
PITA PALACE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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