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PLUS 1

Active
Public limited company·Cafés en bars· 26 yrs active
Sint-Denijsplein 15 ·1190 Vorst, Belgium
KBO/BCE: BE 0471.750.590
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age26 yrs
Board1

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PLUS 1 is 2.6% (moderate). The 2024 annual accounts show negative equity (€-26k) and a net result of €48k. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 5609 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.6% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Higher-failure-rate region +Annual accounts: weaker financial profile +

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

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5609 sector peers (2024).
View the sector comparison

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

Trust signals

3 signals
Long-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€48k
Working capital€-32k+50.2%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 13-06-2025 with the NBB · fiscal year 2024 · micro
€-40k€-20k€0€20k€40kOperating result 2020: €-20k€-20kNet result 2020: €-20k€-20kOperating result 2021: €5k€5kNet result 2021: €4k€4kOperating result 2022: €-6k€-6kNet result 2022: €-6k€-6kOperating result 2023: €-8k€-8kNet result 2023: €-8k€-8kOperating result 2024: €49k€49kNet result 2024: €48k€48k20202021202220232024
Operating 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 ~12.4%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-150k€-100k€-50k€0€50k2025: €-89k (€-91k - €-86k)2026: €-96k (€-99k - €-93k)2027: €-103k (€-108k - €-99k)2018: €36k2019: €-44k2020: €-64k2021: €-60k2022: €-66k2023: €-74k2024: €-26k2018201920202021202220232024202520262027
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 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -55.4% 19.3%
better than 14% of 5609 sector peers
Net result €48k €4k
better than 89% of 5598 sector peers
Equity €-26k €14k
better than 14% of 5620 sector peers
Gross operating margin €56k €52k
better than 52% of 5584 sector peers
Total assets €47k €87k
better than 30% of 5610 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P14
2020: P5 · n=12722021: P5 · n=20652022: P5 · n=35232023: P5 · n=47732024: P14 · n=56092020 2024
Stable position over 2020-2024 · n=1272-5609
Net result P89
2020: P17 · n=12652021: P51 · n=20622022: P34 · n=35072023: P28 · n=47642024: P89 · n=55982020 2024
Improving position over 2020-2024 · n=1265-5598
Equity P14
2020: P11 · n=12762021: P8 · n=20722022: P6 · n=35292023: P5 · n=47872024: P14 · n=56202020 2024
Stable position over 2020-2024 · n=1276-5620
Gross operating margin P52
2020: P5 · n=12602021: P34 · n=20502022: P12 · n=34932023: P9 · n=47472024: P52 · n=55842020 2024
Improving position over 2020-2024 · n=1260-5584
Describes the position versus peers, not a forecast.
EBITDA
€54k
- ≈ vs sector
Net profit
€48k
- far above sector median
Cash flow
€53k
- -16% vs sector
Total assets
€47k
+174.2% -93% vs sector
Equity
€-26k
+64.6% far below sector median
Working capital
€-32k
+50.2% far below sector median
Staff costs
€5k
+464.5% far above sector median
Debt
€74k
-19.5% +93% vs sector
Debt ≤ 1y
€56k
-31.0% +67% vs sector
Debt > 1y
€18k
- -97% vs sector
Current ratio
0.43
+102.9% -99% vs sector
Quick ratio
0.43
+102.9% -99% vs sector
Solvency
-55.4%
+87.1% far below sector median
Debt / equity
-2.80
-127.5% far below sector median
ROE
-182.4%
- far below sector median
ROA
101.1%
- far above sector median
Interest coverage
69.03
- far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€54k
Net profit€48k
Cash flow€53k
Staff costs-
Income taxes-
Dividends-
Total assets€47k
Equity€-26k
Debt€74k
of which ≤ 1y€56k
of which > 1y€18k
Working capital€-32k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.43
Quick ratio0.43
Working capital ratio-67.1%
Solvency-55.4%
Debt / equity-2.80
Long-term debt ratio-0.67
Interest coverage69.03
Gross margin-
Net margin-
ROA101.1%
ROE-182.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€47k
Fixed assets 21/28€23k
Tangible fixed assets 22/27€23k
Current assets 29/58€24k
Amounts receivable within one year 40/41€3k
Investments 50/53€576
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€47k
Equity 10/15€-26k
Contributions / capital 10/11€62k
Reserves 13€6k
Accumulated profits (losses) 14€-94k
Amounts payable 17/49€74k
Amounts payable after one year 17€18k
Amounts payable within one year 42/48€56k
Income statement
Gross operating margin 9900€56k
Operating result 9901€49k
Financial charges 65€776
Result before taxes 9903€48k
Net result for the period 9904€48k
Result to be appropriated 9905€48k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
16 / 100 Critical
050100

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

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

7 directors
Current directors & mandates
  • Ahmet José Kulukisa Rincon
    Director
    State Gazette act 25154942 (09-12-2025)
    Current
    09-12-2025 → present
    3 events
    • 09-12-2025 Appointed· Director
    • 30-04-2025 Resigned· Director
    • 21-10-2021 Appointed· Director
Historic, not recently confirmed (3)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Fahadidis Konstadinos
    Director
    State Gazette act 16044138 (30-03-2016)
    Not recently confirmed
    last confirmed in an act from 2016
    3 events
    • 27-01-2016 Appointed· Director
    • 27-01-2016 Appointed· Managing director
    • 28-05-2007 Appointed· Managing director
  • Fachantidis Nikolaos
    Director
    State Gazette act 08007949 (14-01-2008)
    Not recently confirmed
    last confirmed in an act from 2008
  • Kinigopoulos Evropi
    Director
    State Gazette act 08007949 (14-01-2008)
    Not recently confirmed
    last confirmed in an act from 2008
Former directors (3)
  • Fatehi Fouladi Shahab
    Director
    State Gazette act 25069162 (02-06-2025)
    Former
    02-06-2025 → 01-12-2025
    2 events
    • 01-12-2025 Resigned· Director
    • 02-06-2025 Appointed· Director
  • FACHANTIDIS Themistoklis
    Director
    State Gazette act 16044138 (30-03-2016)
    Former
    28-05-2007 → 01-12-2023
    3 events
    • 01-12-2023 Resigned· Director
    • 27-01-2016 Appointed· Director
    • 28-05-2007 Appointed· Director
  • FAHADIDIS
    Director
    State Gazette act 22022425 (18-02-2022)
    Former
    - → 21-10-2021
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

indexing
No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Cafés en bars(56301)
Legal form Public limited company(014)
Incorporation25-04-2000
StatusActive
Postal code1190

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
6 companies at this address See who is registered here

Establishment units

1 location
LA CLE DE SOL
Sint-Denijsplein 15, 1190 VorstCafés en bars
since 20002.094.007.987
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area489 m²
Buildings1
Building footprint421 m²
Volume (LiDAR)3,950 m³
Tallest building14.3 m · ±3 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.
21382C0099/00Y000
ProtectedMonument · Site or landscapeAbdij van Vorst en zijn landschapSource ↗
Brussels 489 m² 1 · 421 m² 14.3 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Analysis

Snowflake analysis

financial profile on 5 axes
Health16Profitability0Solvency33Growth58Stability100
41 / 100

Fragile profile, watch profitability in particular.

Health 16
Profitability 0
Solvency 33
Growth 58
Stability 100

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Credit advice

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

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Cafés55401Cafés en bars56301Cafés en bars56301Exploitatie van schouwburgen, concertzalen en dergelijke90041Exploitatie van schouwburgen, concertzalen en dergelijke90311Exploitatie van schouwburgen, concertzalen en dergelijke92321
Primary activity highlighted.
Names & trade names
Legal nameFR PLUS 1
Registered office
Sint-Denijsplein 15
1190 Vorst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.