Liquidity
10.38 was 0.80 in 2024
Short-term debts fell from €4,236 to €1,147.
SIVAN FERHAN
Lifetime
9 annual accounts with figures on one time axispeak €26,050 (2021)
€25,106▲ 192%
lowest -€6,661 (2018)
€10,417▲ €11,446
peak €12,844 (2021)
€11,191▲ 14×
€1,147▼ 72.9%
peak 0.3 FTE (2017)
-not published
Board2 names since 2021
2 directorsÖztürk Mehmet Faysal and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Turnover from €139,848 to €172,056Gross margin from €8,600 to €25,106Back to profit: €10,417Transfer of 5 shares from OZTURK Halil Ibrahim to BALIK Baris 10-01Equity from €774 to €11,191Debts from €4,236 to €1,147
Key points
from the 2025 annual accountsFilings
9 annual accounts 9 late
The 2021 accounts came latest: 31 days after the end of the period.
Position in the sector
90.7%
Higher solvency than 95% of companies in food and beverage service. Sector median 29.5% · 17,158 companies.
Checked score
88
Excellent
Financially stronger than 86% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
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 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.1%▲ +0.1 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 1.9%▼ -0.2 percentage points vs 05-2025
07-2025: 2.0%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.3 percentage points vs 07-2025
09-2025: 2.1%▼ -0.2 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.2%▲ +0.1 percentage points vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.3%▲ +0.1 percentage points vs 03-2026
05-2026: 2.2%▼ -0.1 percentage points vs 04-2026
06-2026: 2.1%▼ -0.1 percentage points vs 05-2026
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 2.5%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -2.1 percentage points vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €172,056, total assets €12,338
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 10.38, cash €3,813
Equity €11,191 (90.7% 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 94% of them on solvency, 90% on liquidity, 69% on profitability and 89% on growth.
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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as SIVAN FERHAN has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of SIVAN FERHAN itself: 0.4% within 12 months.
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 34,693 companies, not a prediction for SIVAN FERHAN. 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 is acceptable
Liquidity is ample, with a current ratio of 10.38 (0.8 in 2024), above the usual 1.5. Short-term debt is 9.3% and cash 30.9% of total assets. 9.3% 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
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €11,191
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 9 filingsDeviation from the deadline
2025
24 days late
2024
22 days late
2023
29 days late
2022
31 days late
2021
31 days late
2019
28 days late
2018
29 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 28 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 30 August (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- OZTURK Mehmet Faysal 55 sharesdeed of 10-01-2025
- OZTURK Murat 40 sharesdeed of 10-01-2025
- BALIK Baris 5 sharesdeed of 10-01-2025
Recent changes
Transfer of 5 shares from OZTURK Halil Ibrahim to BALIK Baris
OZTURK Mehmet Faysal holds 55 shares · OZTURK Murat holds 40 shares · BALIK Baris holds 5 shares · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Reappointments: ÖZTÜRK Mehmet Faysal (director) and ÖZTÜRK Murat (director) · ÖZTÜRK Mehmet Faysal holds 55 shares · ÖZTÜRK Murat holds 40 shares · General meeting of 21-12-2023 · Gazette deed
Transfer of 5 shares from OZTURK MEHMET FAYSAL to OZTURK HALIL IBRAHIM
General meeting of 01-02-2020 · Gazette deed
Registered office moved from Liège to Florenville
New registered office: Place Albert 1er n° 23 à 6820 Florenville · Previous registered office: rue Cathédrale 53 à 4000 Liège · General meeting of 31-05-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIVAN FERHAN Florenville | €12,338 | €25,106 | 90.7% | - |
| OLMICO Aubel | €11,724 | €21,920 | -258.5% | - |
| Au 40 Faubourg Virton | €10,698 | €33,125 | 53.0% | - |
| Yano Antwerp | €11,177 | €20,784 | -115.8% | - |
| NASA FOOD SERVICES Molenbeek-Saint-Jean | €13,664 | €34,160 | -48.0% | - |
| PÉTALES DE ROSE Schaerbeek | €11,669 | €31,921 | -107.4% | - |
| Salai Antwerp | €15,724 | €18,944 | 67.9% | - |
These companies have the same main activity as SIVAN FERHAN: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €10,700 and €15,700, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 24-03-2016Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2023
- Establishment unit
- 2.251.636.0566820 Florenville, since 01-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on SIVAN FERHAN
SIVAN FERHAN files the micro format. That format states no turnover. The gross margin rose from €7,680 in 2016 to €25,106 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 SIVAN FERHAN
- What is the company number of SIVAN FERHAN?
- The company number of SIVAN FERHAN is 0650.731.527. The VAT number is the same number with BE in front: BE 0650.731.527.
- Where is SIVAN FERHAN based?
- The registered office is at Place Albert-Ier 23, 6820 Florenville.Company details
- What does SIVAN FERHAN 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 SIVAN FERHAN?
- SIVAN FERHAN is a private limited company (BV).
- When was SIVAN FERHAN founded?
- SIVAN FERHAN was founded on 24-03-2016.
- Is SIVAN FERHAN still active?
- Yes, SIVAN FERHAN is an active enterprise in the KBO register.
- How many employees does SIVAN FERHAN have?
- SIVAN FERHAN had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does SIVAN FERHAN fall under?
- In its 2023 annual accounts, SIVAN FERHAN states joint committee 302 (Hotels and catering).
- What is the turnover of SIVAN FERHAN?
- The turnover of SIVAN FERHAN was €172,056 in financial year 2025, according to the filed annual accounts.
- Is SIVAN FERHAN profitable?
- In financial year 2025, SIVAN FERHAN made a profit of €10,417.
- Where can I find the annual accounts of SIVAN FERHAN?
- SIVAN FERHAN filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIVAN FERHAN due?
- SIVAN FERHAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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