Debts
€85,661 84% of the balance sheet
Suppliers 82%Taxes and wages 18%
SG03
Lifetime
1 annual account with figurespeak €154,690 (2025)
€154,690
peak €13,760 (2025)
€13,760
peak €16,260 (2025)
€16,260
€85,661
Board2 names since 2025
2 directorsCETIN Semihgök Turk and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Transfer of 10 shares from Semihgök CETIN to Kerim CETIN 05-05Incorporation 06-021 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
Board
1 left
A director left. Latest change 12-06-2026 · 1 in office.
Checked score
48
Fair
Financially stronger than 35% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
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 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 3.9%lowest value
04-2026: 4.0%▲ +0.1 percentage points vs 03-2026
05-2026: 4.1%▲ +0.1 percentage points vs 04-2026
06-2026: 4.5%▲ +0.4 percentage points vs 05-2026highest value
07-2026: 4.5%● unchanged vs 06-2026highest value
08-2026: 4.0%▼ -0.5 percentage points vs 07-2026
09-2026: 4.3%▲ +0.3 percentage points vs 08-2026
10-2026: 4.2%▼ -0.1 percentage points vs 09-2026
11-2026: 4.1%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2025
Sector: Food and beverage service activities (NACE 56)
Size: turnover €154,690, total assets €101,921
Equity €16,260 (16.0% 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 38% of them on solvency, 15% on liquidity and 52% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 2,390 companies had the same profile as SG03 has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SG03 itself is higher: 4.1% within 12 months. It rests on far more data about SG03 than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,390 companies, not a prediction for SG03. 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 €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.53, below 1. Short-term debt is 84% and cash 10.9% of total assets. 84% 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.
raises 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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Semihgök CETIN 90 sharesdeed of 12-06-2026
- Kerim CETIN 10 sharesdeed of 12-06-2026
Recent changes
Resignation: Hakim YILDIZ (director)
Semihgök CETIN holds 90 shares · Kerim CETIN holds 10 shares · General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1019604216
Transfer of 10 shares from Semihgök CETIN to Kerim CETIN
Appointment: Hakim YILDIZ (daily management delegate) · Semihgök CETIN holds 90 shares · Kerim CETIN holds 10 shares · General meeting of 01-04-2025 · Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Appointment: CETIN Semihgök Turk (director) · Registered office clause: rue Xhavée 33, 4800 Verviers · published on 06-02-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SG03 Verviers | €154,690 | 8.9% | 16.0% | - |
| De Frietpot Aalst | - | - | 20.3% | - |
| BIG FRIT Aarschot | - | - | 16.3% | - |
| samena Lede | - | - | 16.8% | - |
| KÖFTE & CO Lokeren | - | - | 2.4% | - |
| 't Dorps Broojke Malle | - | - | 7.8% | - |
| BF Services Saint-Georges-sur-Meuse | €140,413 | 3.2% | 3.1% | - |
Grey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SG03: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €93,300 and €140,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 04-02-2025Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Establishment unit
- 2.373.041.8504800 Verviers, since 04-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Annual accounts 2025
- €101,921
- ≈ 0.5 FTEestimated
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on SG03
The computed 12-month bankruptcy probability of SG03 is 4.1% (elevated). The 2025 annual accounts show equity of €16,260 and a net result of €13,760.
Its solvency ranks better than 38% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
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 SG03
- What is the company number of SG03?
- The company number of SG03 is 1019.604.216. The VAT number is the same number with BE in front: BE 1019.604.216.
- Where is SG03 based?
- The registered office is at Rue Xhavée 33, 4800 Verviers.Company details
- What does SG03 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 SG03?
- SG03 is a private limited company (BV).
- When was SG03 founded?
- SG03 was founded on 04-02-2025.
- Is SG03 still active?
- Yes, SG03 is an active enterprise in the KBO register.
- What is the turnover of SG03?
- The turnover of SG03 was €154,690 in financial year 2025, according to the filed annual accounts.Financials
- Is SG03 profitable?
- In financial year 2025, SG03 made a profit of €13,760.
- Where can I find the annual accounts of SG03?
- SG03 filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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