AHAD
Open bankruptcyA bankruptcy procedure is open for AHAD according to publications in the Belgian State Gazette; curator: ANN SOPHIE DE BUCK. The 2024 annual accounts show negative equity (€-21k) and a net result of €-63k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
62 d early
2022
21 d late
2021
31 d late
2020
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€531k▼ 3.6%
2021 · €551k
2020: €245k
2021: €551k
2020 → 2024
EBIT margin
-11.5%▼ 12.6pp
2021 · 1.1%
2020: 3.8%
2021: 1.1%
2020 → 2024
Net result
€-63k
2023 · €10k
2020: €7k
2021: €6k
2022: €-15k
2023: €10k
2020 → 2024
Working capital
€-30k
2023 · €5k
2020: €-3k
2021: €1k
2022: €-12k
2023: €5k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€245k-€551k▲ 124%€531k
Equity€9k-€14k▲ 67.4%€-602€16k€-21k
Operating result€9k-€6k▼ 37.5%€-14k€11k€-61k
Net result€7k-€6k▼ 12.2%€-15k€10k€-63k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €61k after €11k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78k
Fixed assets
€9k▼ 16.2%
Current assets
€69k▲ 53.3%
Key figures and ratios
EBITDA
€-59k▼
2023 · €13k
Cash flow
€-61k▼
2023 · €12k
Solvency
-26.5%▼
2023 · 28.8%
Current ratio
0.70▼
2023 · 1.13
Quick ratio
0.13▼
2023 · 0.35
Debt / equity
-4.78▼
2023 · 2.47
ROE
304.4%▲
2023 · 63.7%
ROA
-80.6%▼
2023 · 18.4%
Interest coverage
-114.63▼
2023 · 29.30
Debt
€99k▲
2023 · €40k
Debt ≤ 1 year
€99k▲
2023 · €40k
Income taxes
€1k▲
2023 · €329
Staff costs
€72k▲
2023 · €68k
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€56k€78k▲
Fixed assets21/28€11k€9k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€1k€347▼
Other tangible fixed assets26€1k€915▼
Financial fixed assets28€5k€5k=
Current assets29/58€45k€69k▲
Stocks and contracts in progress3€31k€56k▲
Stocks30/36€31k€56k▲
Amounts receivable within one year40/41-€5k
Trade receivables40-€2k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€14k€8k▼
Equity and liabilities
Total equity and liabilities10/49€56k€78k▲
Equity10/15€16k€-21k▼
Contributions10/11€8k€35k▲
Profit (loss) carried forward14€8k€-55k▼
Amounts payable17/49€40k€99k▲
Amounts payable within one year42/48€40k€99k▲
Financial debts43-€9
Credit institutions430/8-€9
Trade debts44€23k€76k▲
Suppliers440/4€23k€76k▲
Taxes, remuneration and social security45€16k€22k▲
Taxes450/3€16k€18k▲
Remuneration and social security454/9-€4k
Income statement
Code20232024
Turnover70-€531k
Goods, raw materials, services and sundry goods60/61-€519k
Remuneration, social security and pensions62€68k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€86k€19k▼
Operating profit (loss)9901€11k€-61k▼
Financial charges65/66B€430€518▲
Recurring financial charges65€430€518▲
Profit (loss) for the period before taxes9903€11k€-62k▼
Income taxes67/77€329€1k▲
Profit (loss) for the period9904€10k€-63k▼
Profit (loss) for the period to be appropriated9905€10k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-55k▼
Profit (loss) brought forward from the previous period14P€-3k€8k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · AHAD BV MARKT(FICH) 24, 8480 ICHTEGEM · event 09-03-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-63k ▼713%
Net result drops to €-63k, the lowest in the series.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
KHIZAR Laraib
CurrentDirector · since 07-01-2025
07-01-2025
KHIZAR Laraib: Appointed as Director
05-09-2024
KHIZAR Mahvish: Resigned as Director
Location & real-estate footprint
Registered office, Ichtegem · 2 establishment units since 2020
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(FICH) 248480 IchtegemGround area
198 m²
Building footprint
146 m²
Volume, LiDAR
1,332 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
AHAD
since 20202.300.408.349
AHAD DENDERMONDE
since 20252.377.750.805
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006B0525/00D000 | Flanders | 155 m² | 1 · 96 m² | 11.4 m · 3 fl. |
| 42006D0726/00R000 | Flanders | 43 m² | 1 · 50 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANN SOPHIE DE BUCK KAPELLESTRAAT 136/BLOK E,
8020 OOSTKAMP |
09-03-2026 → present |
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Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 3,901 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2020
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.