KURTOGLU COMPANY
The computed 12-month bankruptcy probability of KURTOGLU COMPANY is 3.2% (moderate). The 2025 annual accounts show equity of €9k and a net result of €-22k. Equity is shrinking by ~30.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 31% of 444 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €9k |
| Net result | €-22k |
| Better than sector | 31% |
| Active | 3 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.8% | 38.7% | |
| Net result | €-22k | €13k | |
| Equity | €9k | €38k | |
| Gross operating margin | €2k | €50k | |
| Staff costs | €12k | €38k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €-13k | €16k | €28k |
| Net profit | €-22k | €9k | €18k |
| Cash flow | €-15k | €12k | €22k |
| Staff costs | €12k | - | - |
| Income taxes | - | €4k | €6k |
| Dividends | - | - | - |
| Total assets | €40k | €57k | €41k |
| Equity | €9k | €31k | €22k |
| Debt | €31k | €26k | €19k |
| of which ≤ 1y | €25k | €16k | €19k |
| of which > 1y | €6k | €10k | - |
| Working capital | €-22k | €22k | €4k |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.13 | 2.38 | 1.21 |
| Quick ratio | 0.11 | 2.38 | 1.21 |
| Working capital ratio | -54.4% | 38.2% | 9.9% |
| Solvency | 21.8% | 53.8% | 53.4% |
| Debt / equity | 3.59 | 0.86 | 0.87 |
| Long-term debt ratio | 0.73 | 0.34 | - |
| Interest coverage | -10.44 | 22.26 | 297.79 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -55.3% | 15.0% | 43.7% |
| ROE | -253.8% | 27.9% | 81.9% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €40k | €57k | €41k |
| Fixed assets | 21/28 | €37k | €19k | €18k |
| Intangible fixed assets | 21 | €18k | - | - |
| Tangible fixed assets | 22/27 | €14k | €19k | €18k |
| Financial fixed assets | 28 | €5k | - | - |
| Current assets | 29/58 | €3k | €37k | €23k |
| Stocks & contracts in progress | 3 | €326 | - | - |
| Amounts receivable within one year | 40/41 | €3k | €7k | €8k |
| Cash & bank | 54/58 | - | €30k | €16k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €40k | €57k | €41k |
| Equity | 10/15 | €9k | €31k | €22k |
| Contributions / capital | 10/11 | €4k | €4k | €4k |
| Accumulated profits (losses) | 14 | €5k | €27k | €18k |
| Amounts payable | 17/49 | €31k | €26k | €19k |
| Amounts payable after one year | 17 | €6k | €10k | - |
| Amounts payable within one year | 42/48 | €25k | €16k | €19k |
| Trade debts payable within one year | 44 | €1k | €503 | €162 |
| Income statement | ||||
| Gross operating margin | 9900 | €2k | €23k | €30k |
| Operating result | 9901 | €-21k | €13k | €24k |
| Financial charges | 65 | €1k | €736 | €93 |
| Result before taxes | 9903 | €-22k | €12k | €24k |
| Income taxes | 67/77 | - | €4k | €6k |
| Net result for the period | 9904 | €-22k | €9k | €18k |
| Result to be appropriated | 9905 | €-22k | €9k | €18k |
-
Seferi AgadirDirectorState Gazette act 26105650 (18-08-2026)Current18-08-2026 → present
Former directors (1)
-
Kurtoglu MehmetDirectorState Gazette act 26105650 (18-08-2026)Former- → 18-08-2026
| NACE primary | Other cleaning activities(81230) |
| Legal form | Private limited company(610) |
| Incorporation | 07-10-2022 |
| Status | Active |
| Postal code | 2660 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3842/00H000 | Flanders | 75 m² | 1 · 75 m² | 14.8 m · 5 fl. |
18-08
State Gazette act
Registered office · Capital & shares · Resignations & appointmentsGeneral meeting · Director resignation · Director discharge7 facts ▸
- General meeting, 2026-08-01
- Director resignation, Kurtoglu Mehmet (bestuurder)
- Director discharge, Kurtoglu Mehmet
- Director appointment, Seferi Agadir (bestuurder)
- Mandate compensation, Seferi Agadir
- Share transfer, Kurtoglu Mehmet → Seferi Agadir
- Registered-office move, 2018 Antwerpen, Brederodestraat 178
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
18-08-2026 Act object · General meeting · Officer resignation · Officer discharge
- Act object: ONTSLAG - BENOEMING - VERPLAATSING MAATSCHAPPELIJKE ZETEL OVERDRACHT VAN AANDELEN · KURTOGLU COMPANY
- Publication: 2026-08-18 · KURTOGLU COMPANY
- Filing: 2026-08-10 · KURTOGLU COMPANY
- General meeting: 2026-08-01 · KURTOGLU COMPANY
- Officer resignation: role: bestuurder · Kurtoglu Mehmet
- Officer discharge · Kurtoglu Mehmet
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2026-08-01 · Seferi Agadir
- Mandate compensation: onbezoldigd · Seferi Agadir
- Share transfer: count: 100 · Kurtoglu Mehmet
- Seat change: to: 2018 Antwerpen, Brederodestraat 178, from: ANTWERPSESTEENWEG 496 - 2660 ANTWERPEN · KURTOGLU COMPANY
Technical details
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}| Legal nameNL | KURTOGLU COMPANY |