TURKAY

Active

Private limited companyfounded 20215 yrs activeMarkt 74, 2590 Berlaar, BelgiumKBO/BCE: BE 0774.304.181

The computed 12-month bankruptcy probability of TURKAY is 4.0% (elevated). The 2024 annual accounts show equity of €65k and a net result of €19k. Equity is growing by ~95% per year across the filed fiscal years. Its solvency ranks better than 82% of 18944 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability94▼-6

Solvency93▲+14

Growth78=

Track record94

Bankruptcy probability, 12 months

4.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days only on tighter terms

Liquidity ample (current ratio 2.86 against 1.99 in 2023; short-term debt: 32.2% and cash: 50.5% of total assets), and 32.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

153 d late

2023

30 d late

2022

32 d late

2021

147 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€65k▲ 42.7%

2023 · €46k

2021: €-10k 2022: €-3k 2023: €46k

2021 → 2024

Total assets

€96k▲ 13.1%

2023 · €85k

2021: €6k 2022: €23k 2023: €85k

2021 → 2024

Net result

€19k▼ 59.8%

2023 · €49k

2021: €-15k 2022: €7k 2023: €49k

2021 → 2024

Working capital

€57k▲ 47.7%

2023 · €39k

2021: €-13k 2022: €-7k 2023: €39k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-10k-€-3k▲ 71.0%€46k€65k▲ 42.7%

Operating result€-15k-€7k€60k▲ 746%€25k▼ 58.4%

Net result€-15k-€7k€49k▲ 588%€19k▼ 59.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 58% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €96k

92.0%

Fixed assets €8k▲ 13.8%

Current assets €88k▲ 13.0%

Equity and liabilities €96k

67.8%

32.2%

Equity €65k▲ 42.7%

Debt €31k▼ 21.4%

The debt ratio falls from 46.2% to 32.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€27k▼

2023 · €62k

Cash flow

€21k▼

2023 · €50k

Solvency

67.8%▲

2023 · 53.8%

Current ratio

2.86▲

2023 · 1.99

Quick ratio

2.85▲

2023 · 1.96

Debt / equity

0.47▼

2023 · 0.86

ROE

29.9%▼

2023 · 106.3%

ROA

20.3%▼

2023 · 57.1%

Interest coverage

33.71▼

2023 · 248.60

Debt

€31k▼

2023 · €39k

Debt ≤ 1 year

€31k▼

2023 · €39k

Income taxes

€5k▼

2023 · €12k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€85k€96k▲

Fixed assets21/28€7k€8k▲

Tangible fixed assets22/27€7k€7k▼

Plant, machinery and equipment23€968€765▼

Furniture and vehicles24€4k€5k▲

Other tangible fixed assets26€1k€1k▼

Financial fixed assets28-€1k

Current assets29/58€78k€88k▲

Stocks and contracts in progress3€1k€254▼

Stocks30/36€1k€254▼

Amounts receivable within one year40/41€23k€38k▲

Trade receivables40€242€25k▲

Other amounts receivable41€22k€14k▼

Cash at bank and in hand54/58€54k€48k▼

Deferred charges and accrued income490/1€630€1k▲

Equity and liabilities

Total equity and liabilities10/49€85k€96k▲

Equity10/15€46k€65k▲

Contributions10/11€5k€5k=

Reserves13€41k€60k▲

Distributable reserves133€41k€60k▲

Amounts payable17/49€39k€31k▼

Amounts payable within one year42/48€39k€31k▼

Trade debts44€12k€18k▲

Suppliers440/4€12k€18k▲

Taxes, remuneration and social security45€10k€5k▼

Taxes450/3€6k-

Remuneration and social security454/9€5k€5k▲

Other amounts payable47/48€16k€8k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Other operating charges640/8€7k€4k▼

Gross operating margin9900€68k€31k▼

Operating profit (loss)9901€60k€25k▼

Financial income75/76B€48€66▲

Recurring financial income75€48€66▲

Financial charges65/66B€248€795▲

Recurring financial charges65€248€795▲

Profit (loss) for the period before taxes9903€60k€24k▼

Income taxes67/77€12k€5k▼

Profit (loss) for the period9904€49k€19k▼

Profit (loss) for the period to be appropriated9905€49k€19k▼

Appropriation of the result

Profit (loss) to be appropriated9906€41k€19k▼

Profit (loss) brought forward from the previous period14P€-8k-

Transfer to equity691/2€41k€19k▼

To other reserves6921€41k€19k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

31-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 153 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Highest result since 2021net €49k ▲588%

Operating result €60k, net result €49k, both a record.

31-12

Financial Liquidity triplescurrent ratio 1.99

Current ratio from 0.72 to 1.99.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

25-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 147 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Berlaar · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Markt 742590 Berlaar

Ground area

133 m²

Building footprint

137 m²

Volume, LiDAR

839 m³

Parcel 12002B0144/00R000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

TURKAY

Markt 74, 2590 BerlaarLimited-service restaurants

since 20212.322.562.060

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12002B0144/00R000	Flanders	133 m²	1 · 137 m²	9.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Recognitions · licences · registrations

Food safety, FASFC

1 site

Berlaar2.322.562.060

1 permission

Toelating · Eetgelegenheid · since 22-12-2021

Legal Entity Identifier

894500RYO4I7TEBMVE34

live in the LEI register

Similar companies · same sector, comparable size

Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,222 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-09-2021

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.