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Complete company report
Generated 19-08-2026
Active BE 0650.893.259Private limited company (pre-2019)Open bankruptcy

AHMAD BUSINESS

· 10 yrs active
Conclusion Checked

A bankruptcy procedure is open for AHMAD BUSINESS according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €222k and a net result of €110k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €222k
Net result €110k
Active 10 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health8Profitability78Solvency100Growth66Stability0
50 / 100

Mixed profile: strong on solvency, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 8
Profitability 78
Solvency 100
Growth 66
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
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
8 / 100 Critical
050100
Computed from 3 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 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview7 NBB filings
Annual accounts filed on 25-10-2023 with the NBB · fiscal year 2022 · volledig
€-500k€0€500k€1.00M€1.50M€2.00MRevenue 2018: €1.59M€1.59MOperating result 2018: €-8k€-8kNet result 2018: €630€630Revenue 2019: €1.39M€1.39MOperating result 2019: €15k€15kNet result 2019: €16k€16kRevenue 2020: €1.25M€1.25MOperating result 2020: €29k€29kNet result 2020: €29k€29kRevenue 2021: €832k€832kOperating result 2021: €46k€46kNet result 2021: €46k€46kRevenue 2022: €1.80M€1.80MOperating result 2022: €110k€110kNet result 2022: €110k€110k20182019202020212022
RevenueOperating resultNet result
Revenue
€1.80M
+116.4% 18-22
Net profit
€110k
+141.4% 18-22
Total assets
€222k
+16.6% 18-22
Equity
€222k
+98.6% 18-22
Working capital
€75k
-2.9% 18-22
Staff costs
€50k
+286.2% 18-22
Income taxes
€116
- 18-22
Debt
€78k
+298.2% 18-22
Show 8 other metrics
Debt ≤ 1y
€61k
+2349.9% 18-22
Current ratio
2.22
-93.0% 18-22
Quick ratio
0.98
-96.7% 18-22
Solvency
100.0%
+70.3% 18-22
Debt / equity
0.70
- 18-22
ROE
49.7%
+21.6% 18-22
ROA
49.7%
+107.0% 18-22
Net margin
6.1%
+11.6% 18-22
Figures by fiscal year
Fiscal year2022
Depositvolledig
Revenue€1.80M
EBITDA-
Net profit€110k
Cash flow-
Staff costs€50k
Income taxes-
Dividends-
Total assets€222k
Equity€222k
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2022
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin9.1%
Net margin6.1%
ROA49.7%
ROE49.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover12.99
Days inventory (DSI)28d
Balance-sheet composition 2022
Full annual accounts (17 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€222k
Fixed assets 21/28€54k
Tangible fixed assets 22/27€54k
Current assets 29/58€168k
Stocks & contracts in progress 3€126k
Cash & bank 54/58€42k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€222k
Equity 10/15€222k
Contributions / capital 10/11€19k
Reserves 13€18k
Accumulated profits (losses) 14€185k
Income statement
Turnover 70€1.80M
Gross operating margin 9900€163k
Operating result 9901€110k
Result before taxes 9903€110k
Net result for the period 9904€110k
Result to be appropriated 9905€110k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • MOHAMMAD NOOR BASHIR
    Director
    State Gazette act 24026047 (12-02-2024)
    Current
    31-10-2023 → present
Former directors (1)
  • BUTT REHAN
    Director
    State Gazette act 24026047 (12-02-2024)
    Former
    - → 31-10-2023
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.
Directors & mandates1 person
Role Name Tenure Source
Curator PATRICK SCHRUERS
LUCHTHAVENLAAN 27 BUS 38, 1800 VILVOORDE
 03-12-2024 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation30-03-2016
StatusActive
Postal code-
First BS signal 09-12-2024
Latest BS signal 09-12-2024
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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21305B0241/00G010 Brussels 133 m² 1 · 111 m² 17.8 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 10 events

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

2024
09-12-2024
Bankruptcy Opening
Ondernemingsrechtbank Brussel · AHMAD BUSINESS BV BROG- NIEZSTRAAT 145, 1070 ANDERLECHT · event 03-12-2024
12-02-2024
State Gazette act Capital & shares
2023
25-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
13-07-2023
State Gazette act Capital & shares
03-04-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
01-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
25-02-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
16-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
28-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
27-09-2018
NBB filing Annual accounts filed
fiscal year 2016 · volledig
Lifecycle & Insolvency Signals1 events
09-12-2024
Bankruptcy Opening
Date: 03-12-2024 · Ondernemingsrechtbank Brussel · AHMAD BUSINESS BV BROG- NIEZSTRAAT 145, 1070 ANDERLECHT · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-12-09 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 12 acts read

We know of 12 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
12-02-2024
Capital change
13-07-2023
Capital change
All acts · 2 updated 2 years ago
2024
12-02-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
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    },
    {
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      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "MOHAMMAD NOOR BASHIR",
          "share_class": null,
          "liberation_pct": 100.0,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-02-12",
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-10-31",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-10-31"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0650.893.259",
    "name_full": "Ahmad Business",
    "legal_form": "BV",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
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    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "MOHAMMAD NOOR BASHIR",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "BUTT REHAN",
      "role": "EX BESTUURDER",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2023
13-07-2023 Transaction in capital or shares Capital & shares
Technical details 
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  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "DHR. JAMIL MAQSOOD",
          "share_class": "MR",
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 10,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
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    },
    {
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      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "MR. BUTT REHAN",
          "share_class": "MR",
          "liberation_pct": 100.0,
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          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
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      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-07-13",
    "filing_date": "2023-07-04",
    "act_kind_objet": "WIJZIGING MAATSCHAPPELIJKE DEELBEWIJZE"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-06-01",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-06-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0650.893.259",
    "name_full": "Ahmad Business",
    "legal_form": "BV",
    "_kbo_filled_from_list": true,
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 100.0,
      "kind": "person",
      "name": "MR. BUTT REHAN",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": "MR"
    }
  ],
  "share_classes_after": [
    {
      "n_shares": 110,
      "class_name": "MR",
      "capital_share_eur": null,
      "voting_rights_per_share": null
    }
  ]
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR AHMAD BUSINESS
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative