BASHARAT
ActiveBASHARAT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105k and a net result of €7k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-17
Solvency69▼-1
Growth66=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.63 in 2024; short-term debt: 56.5% and cash: 10.1% of total assets), but 56.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
43.5%
Return on assets
3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
2 d early
2023
13 d late
2022
25 d late
2021
17 d late
2020
19 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€919k▲ 9.5%
2023 · €840k
2018: €759k
2019: €843k
2020: €711k
2021: €584k
2022: €692k
2023: €840k
2018 → 2024
EBIT margin
1.6%▲ 0.2pp
2023 · 1.5%
2018: 0.6%
2019: 0.4%
2020: -0.8%
2021: -0.2%
2022: 0.2%
2023: 1.5%
2018 → 2024
Net result
€7k▼ 32.7%
2024 · €11k
2018: €6k
2019: €11k
2020: €31
2021: €-1k
2022: €451
2023: €10k
2024: €11k
2018 → 2025
Working capital
€84k▲ 14.6%
2024 · €74k
2018: €74k
2019: €74k
2020: €68k
2021: €67k
2022: €68k
2023: €82k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€584k-€692k▲ 18.6%€840k▲ 21.3%€919k▲ 9.5%
Equity€76k-€76k▲ 0.6%€87k▲ 13.3%€97k▲ 12.5%€105k▲ 7.4%
Operating result€-1k-€1k€12k▲ 1,030%€15k▲ 23.4%€8k▼ 43.9%
Net result€-1k-€451€10k▲ 2,154%€11k▲ 6.2%€7k▼ 32.7%
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 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€20k▼ 15.3%
Current assets
€220k▲ 15.2%
Equity and liabilities €241k
Equity
€105k▲ 7.4%
Debt
€136k▲ 15.4%
The debt ratio rises from 54.7% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €24k
Cash flow
€12k▼
2024 · €20k
Solvency
43.5%▼
2024 · 45.3%
Current ratio
1.62▼
2024 · 1.63
Quick ratio
0.35▲
2024 · 0.29
Debt / equity
1.30▲
2024 · 1.21
ROE
6.9%▼
2024 · 11.1%
ROA
3.0%▼
2024 · 5.0%
Interest coverage
1.43▼
2024 · 4.30
Debt
€136k▲
2024 · €118k
Debt ≤ 1 year
€136k▲
2024 · €118k
Income taxes
€2k▼
2024 · €4k
Staff costs
€3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€215k€241k▲
Fixed assets21/28€24k€20k▼
Tangible fixed assets22/27€23k€20k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€21k€17k▼
Financial fixed assets28€768€768=
Current assets29/58€191k€220k▲
Stocks and contracts in progress3€156k€173k▲
Stocks30/36€156k€173k▲
Amounts receivable within one year40/41€20k€23k▲
Trade receivables40€8k€8k=
Other amounts receivable41€12k€15k▲
Cash at bank and in hand54/58€14k€24k▲
Deferred charges and accrued income490/1€444-
Equity and liabilities
Total equity and liabilities10/49€215k€241k▲
Equity10/15€97k€105k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€77k€84k▲
Amounts payable17/49€118k€136k▲
Amounts payable within one year42/48€118k€136k▲
Financial debts43€822-
Credit institutions430/8€822-
Trade debts44€115k€136k▲
Suppliers440/4€115k€136k▲
Taxes, remuneration and social security45€2k€360▼
Taxes450/3€2k€139▼
Remuneration and social security454/9-€221
Accrued charges and deferred income492/3€211-
Income statement
Code20242025
Turnover70€919k-
Non-recurring operating income76A€18k-
Goods, raw materials, services and sundry goods60/61€907k-
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€5k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€31k€23k▼
Operating profit (loss)9901€15k€8k▼
Financial income75/76B€6k€11k▲
Recurring financial income75€6k€11k▲
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€15k€10k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€11k€7k▼
Profit (loss) for the period to be appropriated9905€11k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€77k€84k▲
Profit (loss) brought forward from the previous period14P€66k€77k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €105k ▲7.4%
4 profitable years in a row build equity to €105k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €451
Net result €451 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Weakest financial yearnet €-1k ▼4456%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Highest result since 2018net €11k ▲93.6%
Net result €11k, the highest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
KHUDOIAN Nino: Resigned as Director
17-10-2022
BABA Gheorghe: Resigned as Director
14-06-2021
CHMRJI Mahmoud: Resigned as Director
12-03-2019
DILWAR Singh: Resigned as Managing director
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 1996
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.
Sint-Gillisvoorplein 81060 Sint-Gillis (bij-Brussel)Ground area
170 m²
Building footprint
143 m²
Volume, LiDAR
3,118 m³
2 parcels, Brussels · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Sint-Gillisvoorplein 8, 1060 Sint-Gillis (bij-Brussel)
since 19962.078.385.346
Sint-Gillisvoorplein 20, 1060 Sint-Gillis (bij-Brussel)
since 20002.078.385.544
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0154/00R003 | Brussels | 91 m² | 1 · 73 m² | 24.3 m · 7 fl. |
| 21013B0154/00G004 | Brussels | 79 m² | 1 · 70 m² | 24.7 m · 7 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSint-Gillis2.078.385.346
Sint-Gillis2.078.385.544
Similar companies · same sector, comparable size
GARNITURE
BE 0665.748.810
Pelt · Eq €104k
Z & Z DISTRIBUTION
BE 0433.730.946
Fleurus · Eq €103k
ASTI INTERNATIONAL
BE 0664.493.550
Sint-Jans-Molenbeek · Eq €102k
NSL-PRODUCTIONS
BE 0436.106.159
Aarschot · Eq €102k
WITEB 1
BE 0697.694.571
Halle · Eq €101k
Of 699 companies in sector 46392 we hold annual accounts for 486. 321 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-1996
Fiscal year end31-12
Activities, NACEBEL
46392Non-specialised wholesale
47110Non-specialised retail sale with food, beverages or tobacco predominating
51392
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.