KAFFRA
ActiveSummary
KAFFRA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €139k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+13
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.6 against 6.53 in 2024; short-term debt: 26.1% and cash: 84.7% of total assets), and 26.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.9%
Return on assets
30.2%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
32 d early
2022
6 d early
2021
36 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€341k=
2024 · €341k
2018: €221klowest in 8 years
2019: €226k▲ +2.2% vs 2018
2020: €236k▲ +4.6% vs 2019
2021: €274k▲ +16.1% vs 2020
2022: €284k▲ +3.4% vs 2021
2023: €296k▲ +4.5% vs 2022
2024: €341k▲ +15.0% vs 2023highest in 8 years
2025: €341k● 0.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€461k▲ 15.8%
2024 · €398k
2018: €295k
2019: €282k▼ -4.5% vs 2018lowest in 8 years
2020: €310k▲ +10.1% vs 2019
2021: €328k▲ +5.9% vs 2020
2022: €347k▲ +5.6% vs 2021
2023: €379k▲ +9.3% vs 2022
2024: €398k▲ +5.1% vs 2023
2025: €461k▲ +15.8% vs 2024highest in 8 years
2018 → 2025
Net result
€139k▲ 135%
2024 · €59k
2018: €31k
2019: €30k▼ -3.7% vs 2018
2020: €10k▼ -64.8% vs 2019
2021: €38k▲ +263% vs 2020
2022: €9k▼ -75.3% vs 2021lowest in 8 years
2023: €28k▲ +196% vs 2022
2024: €59k▲ +113% vs 2023
2025: €139k▲ +135% vs 2024highest in 8 years
2018 → 2025
Working capital
€312k▼ 1.5%
2024 · €317k
2018: €208klowest in 8 years
2019: €211k▲ +1.6% vs 2018
2020: €223k▲ +5.9% vs 2019
2021: €259k▲ +16.0% vs 2020
2022: €256k▼ -1.2% vs 2021
2023: €266k▲ +3.8% vs 2022
2024: €317k▲ +19.3% vs 2023highest in 8 years
2025: €312k▼ -1.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€274k-€284k▲ 3.4%€296k▲ 4.5%€341k▲ 15.0%€341k=
2021: €274klowest in 5 years
2022: €284k▲ +3.4% vs 2021
2023: €296k▲ +4.5% vs 2022
2024: €341k▲ +15.0% vs 2023highest in 5 years
2025: €341k● 0.0% vs 2024highest in 5 years
Operating result€45k-€16k▼ 65.3%€40k▲ 159%€85k▲ 110%€186k▲ 120%
2021: €45k
2022: €16k▼ -65.3% vs 2021lowest in 5 years
2023: €40k▲ +159% vs 2022
2024: €85k▲ +110% vs 2023
2025: €186k▲ +120% vs 2024highest in 5 years
Net result€38k-€9k▼ 75.3%€28k▲ 196%€59k▲ 113%€139k▲ 135%
2021: €38k
2022: €9k▼ -75.3% vs 2021lowest in 5 years
2023: €28k▲ +196% vs 2022
2024: €59k▲ +113% vs 2023
2025: €139k▲ +135% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 120% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461k
Fixed assets
€28k ▲ 20.4%
Current assets
€433k ▲ 15.5%
Equity and liabilities €461k
Equity
€341k =
Debt
€120k ▲ 110%
Debt's share of the balance-sheet total rises from 14.4% to 26.1%. Debt is higher.
Key figures and ratios
EBITDA
€196k▲
2024 · €93k
Cash flow
€149k▲
2024 · €67k
Current ratio
3.60▼
2024 · 6.53
Quick ratio
3.49▼
2024 · 6.35
Debt to equity
0.35▲
2024 · 0.17
ROE
40.9%▲
2024 · 17.4%
ROA
30.2%▲
2024 · 14.9%
Interest coverage
39.84▲
2024 · 21.85
Debt ≤ 1 year
€120k▲
2024 · €57k
Income taxes
€42k▲
2024 · €21k
Staff costs
€5k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€398k€461k▲
Fixed assets21/28€24k€28k▲
Tangible fixed assets22/27€24k€28k▲
Land and buildings22€949€712▼
Plant, machinery and equipment23€16k€17k▲
Furniture and vehicles24€7k€10k▲
Financial fixed assets28€35€185▲
Current assets29/58€375k€433k▲
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€120k€28k▼
Trade receivables40€1k€2k▲
Other amounts receivable41€118k€26k▼
Cash at bank and in hand54/58€243k€390k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€398k€461k▲
Equity10/15€341k€341k=
Contributions10/11€19k€19k=
Reserves13€322k€322k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€322k€322k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€57k€120k▲
Amounts payable within one year42/48€57k€120k▲
Current portion of amounts payable after more than one year42€9k€0▼
Financial debts43€0€11k▲
Credit institutions430/8€0€11k▲
Trade debts44€10k€15k▲
Suppliers440/4€10k€15k▲
Taxes, remuneration and social security45€34k€53k▲
Taxes450/3€32k€51k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€5k€42k▲
Income statement
Code20242025
Non-recurring operating income76A€13k€0▼
Remuneration, social security and pensions62€3k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€661€0▼
Gross operating margin9900€97k€203k▲
Operating profit (loss)9901€85k€186k▲
Financial income75/76B€25€465▲
Recurring financial income75€25€465▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€80k€182k▲
Income taxes67/77€21k€42k▲
Profit (loss) for the period9904€59k€139k▲
Profit (loss) for the period to be appropriated9905€59k€139k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€139k▲
Transfer to equity691/2€44k€0▼
To other reserves6921€44k€0▼
Profit to be distributed694/7€15k€139k▲
Return on contributions (dividend)694€15k€139k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €2k | €2k | €3k | €5k | ▲ 108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €12k | €8k | €10k | ▲ 19.8% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €2k | ▲ 24.3% |
| Non-recurring operating charges66A | - | - | - | €661 | €0 | ▼ 100% |
| Gross operating margin9900 | €55k | €28k | €56k | €97k | €203k | ▲ 108% |
| Operating profit (loss)9901 | €45k | €16k | €40k | €85k | €186k | ▲ 120% |
| Financial income75/76B | - | €58 | €15 | €25 | €465 | ▲ 1,795% |
| Recurring financial income75 | €135 | €58 | €15 | €25 | €465 | ▲ 1,795% |
| Financial charges65/66B | - | €3k | €3k | €4k | €5k | ▲ 16.0% |
| Recurring financial charges65 | €4k | €3k | €3k | €4k | €5k | ▲ 16.0% |
| Profit (loss) for the period before taxes9903 | €41k | €13k | €37k | €80k | €182k | ▲ 126% |
| Income taxes67/77 | €3k | €3k | €9k | €21k | €42k | ▲ 102% |
| Profit (loss) for the period9904 | €38k | €9k | €28k | €59k | €139k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €38k | €9k | €28k | €59k | €139k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328k | €347k | €379k | €398k | €461k | ▲ 15.8% |
| Fixed assets21/28 | €26k | €31k | €31k | €24k | €28k | ▲ 20.4% |
| Tangible fixed assets22/27 | €26k | €31k | €31k | €24k | €28k | ▲ 19.8% |
| Land and buildings22 | - | €1k | €1k | €949 | €712 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €18k | €18k | €16k | €17k | ▲ 6.9% |
| Furniture and vehicles24 | - | €12k | €11k | €7k | €10k | ▲ 56.7% |
| Financial fixed assets28 | €35 | €35 | €35 | €35 | €185 | ▲ 429% |
| Current assets29/58 | €302k | €315k | €348k | €375k | €433k | ▲ 15.5% |
| Stocks and contracts in progress3 | €7k | €10k | €10k | €10k | €12k | ▲ 22.1% |
| Stocks30/36 | - | €10k | €10k | €10k | €12k | ▲ 22.1% |
| Amounts receivable within one year40/41 | €190k | €163k | €149k | €120k | €28k | ▼ 76.4% |
| Trade receivables40 | - | €2k | €2k | €1k | €2k | ▲ 61.2% |
| Other amounts receivable41 | - | €161k | €147k | €118k | €26k | ▼ 78.0% |
| Cash at bank and in hand54/58 | €102k | €138k | €189k | €243k | €390k | ▲ 60.6% |
| Deferred charges and accrued income490/1 | - | €5k | €1k | €2k | €2k | ▼ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328k | €347k | €379k | €398k | €461k | ▲ 15.8% |
| Equity10/15 | €274k | €284k | €296k | €341k | €341k | = |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €256k | €265k | €278k | €322k | €322k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €263k | €276k | €322k | €322k | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €54k | €63k | €82k | €57k | €120k | ▲ 110% |
| Amounts payable after more than one year17 | €11k | €4k | €0 | - | - | - |
| Financial debts170/4 | - | €4k | €0 | - | - | - |
| Amounts payable within one year42/48 | €43k | €59k | €82k | €57k | €120k | ▲ 110% |
| Current portion of amounts payable after more than one year42 | - | €7k | €4k | €9k | €0 | ▼ 100% |
| Financial debts43 | - | €4k | €6k | €0 | €11k | - |
| Credit institutions430/8 | - | €4k | €6k | €0 | €11k | - |
| Trade debts44 | €21k | €27k | €40k | €10k | €15k | ▲ 50.5% |
| Suppliers440/4 | - | €27k | €40k | €10k | €15k | ▲ 50.5% |
| Taxes, remuneration and social security45 | - | €21k | €28k | €34k | €53k | ▲ 53.7% |
| Taxes450/3 | - | €21k | €26k | €32k | €51k | ▲ 57.0% |
| Remuneration and social security454/9 | - | - | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | - | €5k | €5k | €42k | ▲ 829% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €9k | €28k | €59k | €139k | ▲ 135% |
| + Depreciation and write-downs630 | €8k | €9k | €12k | €8k | €10k | ▲ 19.8% |
| Operating cash flow (approximation) | €46k | €18k | €40k | €67k | €149k | ▲ 121% |
| Investment in fixed assets (approximation) | - | €-14k | €-11k | €-964 | €-14k | ▼ 1,392% |
| Change in cash | - | €36k | €51k | €54k | €147k | ▲ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €139k ▲135%
Operating result €186k, net result €139k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €9k ▼75.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 acts for this company are 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, Aalter · 1 establishment unit since 2008
Ground area
3,209 m²
Building footprint
414 m²
Volume, LiDAR
2,075 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HET BOOTHUIS
since 20082.173.506.219
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0749/02H003 | Flanders | 1,651 m² | 1 · 131 m² | 5.5 m · 1 fl. |
| 31003D0017/00N000 | Flanders | 1,557 m² | 1 · 282 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteBeernem2.173.506.219
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 7,331 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-08-2008
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
Website
www.tboothuis.com
E-mail
frank@tboothuis.com
Scores and ratios are computed by Checked and are not a credit decision.