Turnover
≈ €420,000 estimated
The micro format states no turnover.
SEUMULHANA
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €178,144 (2024)
€142,835▼ 19.8%
Resultlowest -€43,322 (2020)
€12,558▲ 25.6%
Equitypeak €51,639 (2025)
€51,639▲ 32.1%
Debts
€47,403▲ 317%
Board4 names since 2020
2 directorsAshim Garbuja and 1 other
Documentsfilings and deeds
24-09-202655 days late
2025micro format
Gross margin from €178,144 to €142,835Result from €9,996 to €12,5582 directors appointed, 2 resignations 16-01Equity from €39,082 to €51,639Debts from €11,361 to €47,403Investments €45,638
Key points
from the 2025 annual accountsInvestments
€45,638 8.7 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 5 late
The 2021 accounts came latest: 56 days after the end of the period.
Checked score
57
Fair
Financially stronger than 77% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.4%▼ -0.2 percentage points vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.5%▲ +0.1 percentage points vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 1.9%▲ +0.4 percentage points vs 07-2025
09-2025: 2.1%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 1.2%▼ -0.9 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.1%▼ -0.1 percentage points vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026lowest value
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026
09-2026: 1.6%▲ +0.1 percentage points vs 08-2026
10-2026: 1.8%▲ +0.2 percentage points vs 09-2026
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 55 days late; 3 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
Size: total assets €99,042
lowers risk
Liquidity: current ratio 2.45, cash €38,260
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 70% of them on solvency, 93% on liquidity, 72% on profitability and 74% on growth.
The bankruptcy probability was computed on 05-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 26,972 companies had the same profile as SEUMULHANA has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEUMULHANA itself: 1.8% 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 26,972 companies, not a prediction for SEUMULHANA. 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 €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.45 (3.3 in 2024), above the usual 1.5. Short-term debt is 18.8% and cash 38.6% of total assets. 47.9% 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 risk
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
55 days late
2024
53 days late
2023
42 days late
2022
48 days early
2021
56 days late
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 31 days after 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 22 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Ashish Garbuja 50 sharesdeed of 16-01-2025
- Ashim Garbuja 50 sharesdeed of 16-01-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748701428
2 directors appointed, 2 resignations
Resignations: Gurung Vickey and Seongeun Joo · Appointments: Ashish Garbuja and Ashim Garbuja · Ashish Garbuja holds 50 shares · General meeting of 06-01-2025 · Gazette deed
Environmental permit granted
Functiewijziging, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Gent
Incorporation
published on 22-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SEUMULHANA Ghent | €99,042 | €142,835 | 52.1% | - |
| tussen pot en pint Ghent | €99,699 | €124,576 | 33.1% | - |
| DHAULAGIRI Ghent | €97,411 | €140,440 | 62.6% | - |
| RAMA Geraardsbergen | €114,630 | €127,606 | 67.8% | - |
| ADIP Merelbeke-Melle | €104,233 | €176,179 | 73.8% | - |
| MICRO BUBBELS Zedelgem | €99,715 | €152,819 | 28.5% | - |
| AU COUILLON Neufchâteau | €100,460 | €135,999 | -15.5% | - |
These companies have the same main activity as SEUMULHANA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €97,400 and €115,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 18-06-2020Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.303.604.7959000 Ghent, since 18-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Insights on SEUMULHANA
SEUMULHANA files the micro format. That format states no turnover. The gross margin rose from -€40,915 in 2020 to €142,835 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 SEUMULHANA
- What is the company number of SEUMULHANA?
- The company number of SEUMULHANA is 0748.701.428. The VAT number is the same number with BE in front: BE 0748.701.428.
- Where is SEUMULHANA based?
- The registered office is at Oudburg 18, 9000 Ghent.Company details
- What does SEUMULHANA do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of SEUMULHANA?
- SEUMULHANA is a private limited company (BV).
- When was SEUMULHANA founded?
- SEUMULHANA was founded on 18-06-2020.
- Is SEUMULHANA still active?
- Yes, SEUMULHANA is an active enterprise in the KBO register.
- How many employees does SEUMULHANA have?
- SEUMULHANA had an average of 3.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SEUMULHANA?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €142,835 and 86 comparable companies (NACE 56111). It probably lies between €350,000 and €500,000.
- Is SEUMULHANA profitable?
- In financial year 2025, SEUMULHANA made a profit of €12,558.
- Where can I find the annual accounts of SEUMULHANA?
- SEUMULHANA filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEUMULHANA due?
- SEUMULHANA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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