Active BE 0803.246.805Private limited company

SUBARE

Rue de Droixhe 11A ·4020 Liège, Belgium· 3 yrs active

Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen (47110)

Conclusion Checked

The computed 12-month bankruptcy probability of SUBARE is 2.5% (moderate). The 2024 annual accounts show equity of €37k and a net result of €36k. Its solvency ranks better than 76% of 5615 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€37k
Net result	€36k
Better than sector	76%
Active	3 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

89 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 86

Profitability 100

Solvency 90

Growth -

Stability 79

Bankruptcy probability (12 mo) Checked model v1 · free

2.5% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

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

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

86 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · micro

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	48.2%	19.3%	better than 76% of 5615 sector peers
Net result	€36k	€4k	better than 85% of 5603 sector peers
Equity	€37k	€14k	better than 69% of 5626 sector peers
Gross operating margin	€40k	€52k	better than 44% of 5589 sector peers
Total assets	€76k	€87k	better than 46% of 5616 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€39k
Net profit	€36k
Cash flow	€36k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€76k
Equity	€37k
Debt	€39k
of which ≤ 1y	€39k
of which > 1y	-
Working capital	€34k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.86
Quick ratio	1.55
Working capital ratio	44.7%
Solvency	48.2%
Debt / equity	1.07
Long-term debt ratio	-
Interest coverage	14.20
Gross margin	-
Net margin	-
ROA	47.4%
ROE	98.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €3k · 3.6% Current assets €73k · 96.4%

Equity & liabilities

Equity €37k · 48.2% Debt €39k · 51.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€76k
Fixed assets	21/28	€3k
Intangible fixed assets	21	€3k
Current assets	29/58	€73k
Stocks & contracts in progress	3	€12k
Amounts receivable within one year	40/41	€25k
Cash & bank	54/58	€36k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€76k
Equity	10/15	€37k
Contributions / capital	10/11	€660
Accumulated profits (losses)	14	€36k
Amounts payable	17/49	€39k
Amounts payable within one year	42/48	€39k
Trade debts payable within one year	44	€38k
Income statement
Gross operating margin	9900	€40k
Operating result	9901	€39k
Financial income	75	€63
Financial charges	65	€3k
Result before taxes	9903	€36k
Net result for the period	9904	€36k
Result to be appropriated	9905	€36k

Ratios computed by Checked.

Directors & mandates 4 directors

Current directors & mandates

Ildar Azatovitch Isaev
Director
State Gazette act 25007573 (16-01-2025)

Current
16-01-2025 → present
LACHINZADEH Vardani
Administrateur gérante
State Gazette act 24111924 (24-07-2024)

Current
03-07-2024 → present

Former directors (2)

Ahad Lachinzadeh Vardani
Director
State Gazette act 25007573 (16-01-2025)

Former
- → 16-01-2025
Batu Sultan
Administrateur gérante
State Gazette act 24111924 (24-07-2024)

Former
- → 03-07-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form	Private limited company(610)
Incorporation	27-06-2023
Status	Active
Postal code	4020

Establishment units 1 location

PITA STANDARD

Rue Ernest-Solvay 293, 4000 LiègeEetgelegenheden met beperkte bediening

since 20232.346.954.689

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

31-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

16-01-2025

State Gazette act Director changes

2024

24-07-2024

State Gazette act Director changes

Gérard Polard

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

16-01-2025 1 director appointed, 1 resigning Director changes

Ildar Azatovitch Isaev, Bestuurder
Ahad Lachinzadeh Vardani, Bestuurder

Original publication ↗

Technical details

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2024

24-07-2024 1 director appointed, 1 resigning Director changes·Gérard Polard

LACHINZADEH Vardani, Administrateur gérante
Batu Sultan, Administrateur gérante

Notary: Gérard Polard · LIEGE

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112

Primary activity highlighted.

Names & trade names

Legal nameFR

SUBARE

Registered office

Rue de Droixhe 11A bus 60

4020 Liège, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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