Equity
€80,531 ▼ 51.1%
Pizza Heat paid out €88,871 in dividends. That is 1,829% of the 2025 profit.
Pizza Heat
Lifetime
11 annual accounts with figures on one time axisGross marginpeak €123,070 (2020)
€38,919▼ 56.8%
Resultpeak €56,109 (2018)
€4,858▼ 43.4%
Equitypeak €199,075 (2023)
€80,531▼ 51.1%
Debts
€29,510▼ 44.4%
Staffpeak 1.7 FTE (2020)
-not published
Board3 names since 2014
2 directorsGHAZAL Abdellah and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €90,186 to €38,919Result from €8,578 to €4,858Appointment: Hamid Alasali (director) 15-01Dividend €88,871Equity from €164,544 to €80,531Debts from €53,071 to €29,510
Key points
from the 2025 annual accountsChecked score
81
Excellent
Financially stronger than 49% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,779 companies (NACE 56, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.7%▼ -0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.6%▼ -0.2 percentage points vs 07-2025
09-2025: 0.5%▼ -0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.5%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Size: total assets €110,040
lowers risk
Founded in 2014
Equity €80,531 (73.2% of total assets)
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 56, micro). It does better than 86% of them on solvency, 40% on liquidity, 56% on profitability and 14% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as Pizza Heat has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Pizza Heat itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for Pizza Heat. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.59 (3.99 in 2024), above the usual 1.5. Short-term debt is 26.8% and cash 3.9% of total assets. 26.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
9 days early
2023
15 days early
2022
12 days early
2021
11 days early
2020
10 days early
2019
11 days early
← 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 12 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0563724408
Appointment: Hamid Alasali (director)
General meeting of 03-12-2024 · Gazette deed
Changes of role: GHAZAL Abdellah (director) and GHAZAL Mahmod (director)
“Het in uitbating nemen en/of geven van allerhande drank- en eetgelegenheden of horecazaken zoals een pizzeria…” (deed in Dutch) · Director discharge: GHAZAL Abdellah · Director discharge: GHAZAL Mahmod · Gazette deed
Incorporation
published on 16-10-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Pizza Heat Dendermonde | €110,040 | €38,919 | 73.2% | - |
| SAUGAT Zottegem | €131,452 | €40,509 | 85.8% | - |
| TACKX-D'HOOGHE Hamme (Vl.) | €112,666 | €44,273 | 50.9% | - |
| Karolita Geraardsbergen | €102,616 | €47,118 | 55.6% | - |
| GOUTE & SAVOURE Koekelberg | €118,392 | €41,020 | 51.7% | - |
| O'CHICKEN Liège | €108,867 | €37,271 | -64.8% | - |
| THE LUNCH TIME Sint-Gillis (bij-Brussel) | €106,609 | €37,015 | 67.9% | - |
These companies have the same main activity as Pizza Heat: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €103,000 and €131,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 07-10-2014Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.236.192.3699200 Dendermonde, since 30-09-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- Turnover
- ≈ €210,000estimated
- Total assets
- €110,040▼ 49.4%
- Employeeson 31-12-2025
- 3▼ 40.0%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on Pizza Heat
Pizza Heat files the micro format. That format states no turnover. The gross margin rose from €7,232 in 2015 to €38,919 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pizza Heat
- What is the company number of Pizza Heat?
- The company number of Pizza Heat is 0563.724.408. The VAT number is the same number with BE in front: BE 0563.724.408.
- Where is Pizza Heat based?
- The registered office is at Heirbaan 11, 9200 Dendermonde.Company details
- What does Pizza Heat do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of Pizza Heat?
- Pizza Heat is a private limited company (BV).
- When was Pizza Heat founded?
- Pizza Heat was founded on 07-10-2014.
- Is Pizza Heat still active?
- Yes, Pizza Heat is an active enterprise in the KBO register.
- How many employees does Pizza Heat have?
- Pizza Heat had an average of 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Pizza Heat?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €38,919 and 67 comparable companies (NACE 56112). It probably lies between €160,000 and €280,000.
- Is Pizza Heat profitable?
- In financial year 2025, Pizza Heat made a profit of €4,858.
- Where can I find the annual accounts of Pizza Heat?
- Pizza Heat filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pizza Heat due?
- Pizza Heat must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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