Active BE 0729.739.908Private limited company

THE KING AGHA

Oudesmidsestraat 20 ·1700 Dilbeek, Belgium· 7 yrs active

Sector: Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden (56112)

Conclusion Checked

The computed 12-month bankruptcy probability of THE KING AGHA is 10.3% (high). The 2022 annual accounts show equity of €663 and a net result of €-1k. Equity is shrinking by ~44% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2023. Its solvency ranks better than 66% of 3686 sector peers (fiscal year 2022). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€663
Net result	€-1k
Better than sector	66%
Active	7 yrs

Financial profile 5 of 5 axes measured · computed by Checked

50 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 55

Profitability 0

Solvency 65

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

10.3% High

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate sector +Young company +

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 2019, 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 Flags0 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 2022 · computed

55 / 100 Fair

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 01-09-2023 with the NBB · fiscal year 2022 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2023, assuming unchanged policy.

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 2022 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	34.0%	16.6%	better than 66% of 3686 sector peers
Net result	€-1k	€658	better than 43% of 3667 sector peers
Equity	€663	€10k	better than 34% of 3692 sector peers
Gross operating margin	€-1k	€34k	better than 16% of 3652 sector peers
Total assets	€2k	€73k	better than 5% of 3687 sector peers

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

Revenue

€52k

- 20-22

Net profit

€-1k

-262.7% 20-22

Total assets

€2k

-36.2% 20-22

Equity

€663

-69.1% 20-22

Working capital

€663

-69.1% 20-22

Debt

€1k

+41.1% 20-22

Debt ≤ 1y

€1k

+41.1% 20-22

Current ratio

1.51

-54.7% 20-22

Show 6 other metrics

Quick ratio

1.51

-54.7% 20-22

Solvency

34.0%

-51.5% 20-22

Debt / equity

1.94

+355.9% 20-22

ROE

-223.2%

-1072.3% 20-22

ROA

-75.8%

-468.1% 20-22

Net margin

4.9%

- 20-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-1k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€2k
Equity	€663
Debt	€1k
of which ≤ 1y	€1k
of which > 1y	-
Working capital	€663
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	1.51
Quick ratio	1.51
Working capital ratio	34.0%
Solvency	34.0%
Debt / equity	1.94
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-75.8%
ROE	-223.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Equity & liabilities

Equity €663 · 34.0% Debt €1k · 66.0%

Full annual accounts (15 line items)

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

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€2k
Current assets	29/58	€2k
Amounts receivable within one year	40/41	€603
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2k
Equity	10/15	€663
Accumulated profits (losses)	14	€663
Amounts payable	17/49	€1k
Amounts payable within one year	42/48	€1k
Trade debts payable within one year	44	€899
Income statement
Gross operating margin	9900	€-1k
Operating result	9901	€-1k
Result before taxes	9903	€-1k
Net result for the period	9904	€-1k
Result to be appropriated	9905	€-1k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 4 directors

Current directors & mandates

Belguendouz Aissa
Director
State Gazette act 23025379 (21-02-2023)

Current
21-02-2023 → present

Former directors (3)

Benchenane Abdelhakim
Director
State Gazette act 22068954 (10-06-2022)

Former
10-06-2022 → 21-02-2023
2 events
- 21-02-2023 Resigned· Director
- 10-06-2022 Appointed· Director
Agha Mohammad Arab
Director
State Gazette act 22068954 (10-06-2022)

Former
- → 10-06-2022
Kadi Shaboura Ali
Director
State Gazette act 22068954 (10-06-2022)

Former
- → 10-06-2022

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	Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form	Private limited company(610)
Incorporation	03-07-2019
Status	Active
Postal code	1700

Establishment units 1 location

THE KING AGHA

Rue Jean-Baptiste Ledoux 43, 6040 CharleroiHandelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)

since 20192.291.359.338

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

Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (50%) Wallonia 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52363D0994/00E005	Wallonia	427 m²	1 · 128 m²	11.6 m · 3 fl.
23016D0063/00W002	Flanders	300 m²	1 · 299 m²	12.6 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

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

2023

01-09-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

21-02-2023

State Gazette act Capital & shares

2022

31-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

10-06-2022

State Gazette act Capital & shares

2021

30-07-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Capital history · 2

21-02-2023

Capital change

10-06-2022

Capital change

All acts · 2 updated 3 years ago

2023

21-02-2023 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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2022

10-06-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Groothandel in auto's en lichte bestelwagens (= 3,5 ton)45111Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)46711Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811

Primary activity highlighted.

Names & trade names

Legal nameNL

THE KING AGHA

Registered office

Oudesmidsestraat 20

1700 Dilbeek, Belgium

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

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