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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of BELGOTAB is 1.6% (moderate). The 2024 annual accounts show negative equity (€-32k) and a net result of €-114k. Equity is shrinking by ~34% per year across the filed fiscal years. Its solvency ranks better than 9% of 873 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.6%
Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Higher-failure-rate sector
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 01-08-2025 | 1 d late | 2025-00355813 |
| 31-12-2023 | 31-07-2024 | 04-10-2024 | 65 d late | 2024-00503315 |
| 31-12-2022 | 31-07-2023 | 07-12-2023 | 129 d late | 2023-00526591 |
| 31-12-2021 | 31-07-2022 | 07-02-2023 | 191 d late | 2023-00026239 |
| 31-12-2020 | 31-07-2021 | 16-06-2022 | 320 d late | 2022-20071465 |
| 31-12-2019 | 31-07-2020 | 17-06-2021 | 321 d late | 2021-21300115 |
| 31-12-2018 | 31-07-2019 | 07-11-2019 | 99 d late | 2019-73500218 |
| 31-12-2017 | 31-07-2018 | 04-12-2018 | 126 d late | 2018-73600072 |
| 31-12-2016 | 31-07-2017 | 06-10-2017 | 67 d late | 2017-66700055 |
| 31-12-2015 | 31-07-2016 | 29-09-2016 | 60 d late | 2016-62400272 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-114k-9.5%
Working capital€-32k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 01-08-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~34%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -31.1% | 17.2% | |
| Net result | €-114k | €14k | |
| Equity | €-32k | €99k | |
| Gross operating margin | €-20k | €213k | |
| Staff costs | €37k | €221k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P9
Weakening position over 2020-2024
· n=458-873
P11
Stable position over 2020-2024
· n=459-874
P16
Weakening position over 2020-2024
· n=459-875
P5
Weakening position over 2020-2024
· n=383-801
Describes the position versus peers, not a forecast.
€-108k
-30.6%
18-24
€-114k
-9.5%
18-24
€-112k
-20.9%
18-24
€103k
-69.4%
18-24
€-32k
-
18-24
€-32k
-
18-24
1
-83.7%
18-24
€37k
-75.5%
18-24
€1k
+618.2%
18-24
€135k
-46.9%
18-24
€134k
-46.7%
18-24
0.76
-41.7%
18-24
0.76
+44.4%
18-24
-31.1%
-
18-24
-4.21
-
18-24
356.6%
-
18-24
-111.1%
-258.1%
18-24
-43.11
-409.2%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-108k |
| Net profit | €-114k |
| Cash flow | €-112k |
| Staff costs | €37k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €103k |
| Equity | €-32k |
| Debt | €135k |
| of which ≤ 1y | €134k |
| of which > 1y | - |
| Working capital | €-32k |
| Employees (FTE) | 0.8 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.76 |
| Quick ratio | 0.76 |
| Working capital ratio | -31.1% |
| Solvency | -31.1% |
| Debt / equity | -4.21 |
| Long-term debt ratio | - |
| Interest coverage | -43.11 |
| Gross margin | - |
| Net margin | - |
| ROA | -111.1% |
| ROE | 356.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €103k |
| Fixed assets | 21/28 | €916 |
| Tangible fixed assets | 22/27 | €916 |
| Current assets | 29/58 | €102k |
| Amounts receivable within one year | 40/41 | €26k |
| Investments | 50/53 | €104 |
| Cash & bank | 54/58 | €75k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €103k |
| Equity | 10/15 | €-32k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-40k |
| Amounts payable | 17/49 | €135k |
| Amounts payable within one year | 42/48 | €134k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-20k |
| Operating result | 9901 | €-110k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-113k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €-114k |
| Result to be appropriated | 9905 | €-114k |
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.
Health barometer
FY 2024 · computed12
/ 100
Critical
Computed from 5 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 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directorsCurrent directors & mandates
-
Current06-12-2013 → present
2 events
- 01-12-2023 Mandate renewed· Director
- 06-12-2013 Appointed· Manager
Former directors (2)
-
Former06-12-2013 → 15-05-2020
2 events
- 15-05-2020 Resigned· Managing director
- 06-12-2013 Appointed· Manager
-
Former- → 06-12-2013
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Detailhandel in chocolade en suikerwerk(47242) |
| Legal form | Private limited company(610) |
| Incorporation | 22-03-2011 |
| Status | Active |
| Postal code | 7380 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationTabac European Shop
since 20112.198.504.307
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area486 m²
Buildings2
Building footprint91 m²
Volume (LiDAR)819 m³
Tallest building11.2 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53068A0001/00E012 | Wallonia | 268 m² | 1 · 51 m² | 10.5 m · 3 fl. |
| 53068A0001/00T002 | Wallonia | 219 m² | 1 · 41 m² | 11.2 m · 3 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Address history · 1
25-07-2024
v3.2
All acts · 5
updated 3 months ago
2026
06-05-2026 Notarial deed · General meeting · Incorporation · Statute amendment
- Publication: 2026-05-06 · BELGOTAB
- Filing: 2026-04-17 · BELGOTAB
- Notarial deed: 2026-03-31 · BELGOTAB
- General meeting: 2026-03-31 · BELGOTAB
- Incorporation: 2011-03-22 · BELGOTAB
- Statute amendment: 2023-11-17 · BELGOTAB
- Auditor report: 2026-03-25 · BELGOTAB
- Dissolution balance sheet: 2025-12-31 · BELGOTAB
- Dissolution: 2026-03-31 · BELGOTAB
- Liquidation: 2026-03-31 · BELGOTAB
- Officer discharge: 2026-03-31 · AHMAD Sajjad
- Approval: 2026-03-31 · BELGOTAB
- Auditor contribution report: 2026-03-25 · BELGOTAB
- Filing: 2026-03-31 · BELGOTAB
- Act object: DISSOLUTION - LIQUIDATION
Summary:
Notarial deed · General meeting · Incorporation · Statute amendment
2024
25-07-2024 Registered office moved within Quiévrain
- Rue de Valenciennes 130, 7380 Quiévrain → Rue de Valenciennes 132, 7380 Quiévrain
Summary:
v3.2
2023
01-12-2023 Sajjad AHMAD reappointed as director
2020
18-06-2020 Jamal SAFY resigns as managing director
2014
12-09-2014 2 directors appointed, 1 resigning
- SAFY Jamal, Zaakvoerder
- AHMAD Sajjad, Zaakvoerder
- GUL Arab, Zaakvoerder
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes57
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
100
Solvency
39
Growth
32
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 102 of the 904 companies in this sector. 84 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in chocolade en suikerwerk in gespecialiseerde winkels47242Detailhandel in chocolade en suikerwerk47242Detailhandel in dranken in gespecialiseerde winkels, algemeen assortiment47252Detailhandel in dranken, algemeen assortiment47252Detailhandel in tabaksproducten in gespecialiseerde winkels47260Detailhandel in tabaksproducten47260Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels47620Detailhandel in kranten en andere tijdschriften47621Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels, n.e.g.47789Overige detailhandel in nieuwe artikelen neg47789
Primary activity highlighted.
Names & trade names
| Legal nameFR | BELGOTAB |
Registered office
Rue de Valenciennes 132
7380 Quiévrain, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.