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Complete company report
Generated 25-07-2026
Active BE 0472.600.034Private limited company

Bhatti

Rue du Couvent 17 ·4020 Liège, Belgium· 25 yrs active
Sector: Non-specialised food retail (47110)
Conclusion Checked

The computed 12-month bankruptcy probability of Bhatti is 1.5% (moderate). The 2023 annual accounts show equity of €38k and a net result of €4k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 5607 sector peers (fiscal year 2023). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €38k
Net result €4k
Better than sector 90%
Active 25 yrs
Snowflake analysis 5 axes · computed by Checked
Health100Profitability52Solvency100Growth79Stability100
86 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 52
Solvency 100
Growth 79
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.5% Moderate
0%0,5%1,5%4%10%≥25%
Multiple establishment units +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?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2000, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro
€-200k€0€200k€400k€600kRevenue 2019: €549k€549kOperating result 2019: €11k€11kNet result 2019: €-11k€-11kOperating result 2020: €11k€11kNet result 2020: €-2k€-2kOperating result 2021: €-1k€-1kNet result 2021: €-2k€-2kOperating result 2022: €2k€2kNet result 2022: €152€152Operating result 2023: €7k€7kNet result 2023: €4k€4k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~10.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
€20k€30k€40k€50k€60k2024: €43k (€40k - €46k)2025: €46k (€41k - €51k)2026: €50k (€43k - €56k)2018: €20k2019: €27k2020: €36k2021: €34k2022: €34k2023: €38k201820192020202120222023202420252026
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 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 74.3% 20.1%
better than 90% of 5607 sector peers
Net result €4k €3k
better than 52% of 5588 sector peers
Equity €38k €15k
better than 68% of 5614 sector peers
Gross operating margin €12k €23k
better than 39% of 5563 sector peers
Staff costs €981 €33k
higher than 9% of 2496 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€549k
+14.9% 18-23
EBITDA
€7k
+200.8% -71% vs sector
Net profit
€4k
+2522.4% -71% vs sector
Cash flow
€5k
+827.7% -79% vs sector
Total assets
€51k
+10.6% -56% vs sector
Equity
€38k
+11.7% -44% vs sector
Working capital
€36k
+10.2% far above sector median
Employees (FTE)
0
- -67% vs sector
Staff costs
€981
-88.5% 18-23
Income taxes
€1k
+69.3% -56% vs sector
Debt
€13k
+7.5% -75% vs sector
Debt ≤ 1y
€13k
+7.5% -42% vs sector
Current ratio
3.75
+1.8% +207% vs sector
Quick ratio
3.75
+1.8% +228% vs sector
Solvency
74.3%
+1.0% +49% vs sector
Debt / equity
0.35
-3.7% -71% vs sector
ROE
10.5%
+2247.8% -48% vs sector
ROA
7.8%
+2271.2% -12% vs sector
Net margin
-1.9%
+46.4% 18-23
EBITDA margin
1.9%
+69.5% 18-23
Interest coverage
4.82
+147.3% -63% vs sector
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€7k
Net profit€4k
Cash flow€5k
Staff costs€981
Income taxes€1k
Dividends-
Total assets€51k
Equity€38k
Debt€13k
of which ≤ 1y€13k
of which > 1y-
Working capital€36k
Employees (FTE)-
Ratios (computed)
2023
Current ratio3.75
Quick ratio3.75
Working capital ratio70.6%
Solvency74.3%
Debt / equity0.35
Long-term debt ratio-
Interest coverage4.82
Gross margin-
Net margin-
ROA7.8%
ROE10.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€51k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€49k
Amounts receivable within one year 40/41€49k
Cash & bank 54/58€99
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€51k
Equity 10/15€38k
Contributions / capital 10/11€19k
Reserves 13€19k
Accumulated profits (losses) 14€763
Amounts payable 17/49€13k
Amounts payable within one year 42/48€13k
Trade debts payable within one year 44€389
Income statement
Gross operating margin 9900€12k
Operating result 9901€7k
Financial income 75€0
Financial charges 65€1k
Result before taxes 9903€5k
Income taxes 67/77€1k
Net result for the period 9904€4k
Result to be appropriated 9905€4k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Non-specialised food retail(47110)
Legal form Private limited company(610)
Incorporation21-08-2000
StatusActive
Postal code4020
Establishment units 3 locations
Bhatti Shop
Rue du Couvent 17, 4020 LiègeDetailhandel in textiel
since 20042.142.467.902
BHATTI SHOP 2
Rue du Couvent 17, 4020 LiègeDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20092.180.619.089
Bhatti Shop
Rue Jean-Hermesse 48, 4020 LiègeNiet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
since 20252.367.344.485
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62059B0370/00Z002 Wallonia 792 m² 1 · 179 m² 5.3 m · 1 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 13 events

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

2024
07-11-2024
State Gazette act Director changes
Patrick SMETZ
30-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
02-12-2022
State Gazette act Director changes
30-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
31-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
31-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
29-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
24-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
22-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
28-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
11-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2002
18-09-2002
State Gazette act Registered-office change
Belgisch Staatsblad, acts 3 acts
Address history · 1
18-09-2002
Registered-office move
All acts · 3 updated 1 year ago
2024
07-11-2024 MUNAF Abdul appointed as director (executive) Director changes·Patrick SMETZ
  • MUNAF Abdul, Directeur
Notary: Patrick SMETZ · Liège
Technical details 
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    {
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    }
  ],
  "notary": {
    "name": "Patrick SMETZ",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Li\u00E8ge",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-11-07",
    "filing_date": "2024-11-05",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2024-10-28",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-10-28",
      "unanimous": true
    },
    {
      "body": "enig_aandeelhouder_schriftelijk",
      "date": "2024-10-28",
      "unanimous": true
    },
    {
      "body": "notarieel_alleen",
      "date": "2024-10-28",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0472.600.034",
    "name_full": "BHATTI",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Patrick SMETZ",
    "org_rep_person_name": null,
    "person_role_at_subject": "Notaire"
  },
  "co_filed_documents": [
    "expedition de l\u0027acte du 28 octobre 2024"
  ],
  "corrected_publication_numac": null
}
2022
02-12-2022 2 resigning Director changes
  • Ullah ZIA, Bestuurder
  • Mahmood TAHIR, Bestuurder
Technical details 
{
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    {
      "kind": "director_out",
      "role": "bestuurder",
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        "rrn": null,
        "name": "Ullah ZIA",
        "address": "rue du Couvent 17 \u00E0 4020 Li\u00E8ge",
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-08-29",
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale prend acte du fait que Monsieur Ullah ZIA, domicili\u00E9 rue du Couvent 17 \u00E0 4020 Li\u00E8ge, a d\u00E9missionn\u00E9 en sa qualit\u00E9 d\u0027administrateur de la Soci\u00E9t\u00E9 en date du 29 ao\u00FBt 2022.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": "670616-457.27",
        "name": "Mahmood TAHIR",
        "address": "rue de Vinave 810 \u00E0 4101 Jemeppe-Sur-Meuse",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-08-29",
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale prend acte du fait que Monsieur Mahmood TAHIR, NN 670616-457.27, domicili\u00E9 rue de Vinave 810 \u00E0 4101 Jemeppe-Sur-Meuse, a d\u00E9missionn\u00E9 en sa qualit\u00E9 d\u0027administrateur de la Soci\u00E9t\u00E9 en date du 29 ao\u00FBt 2022.",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2022-11-23",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-08-29",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0472.600.034",
    "name_full": "BHATTI",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
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    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "proc\u00E8s-verbal d\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire du 29/08/2022"
  ],
  "corrected_publication_numac": null
}
2002
18-09-2002 Registered office moved from LEUVEN to LIEGE Registered-office change
  • Namenstraat 148/07 à 3000 LEUVEN → rue de Visé 222 à 4020 LIEGE (Jupille)
Technical details 
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      "new_address": {
        "raw": "rue de Vis\u00E9 222 \u00E0 4020 LIEGE (Jupille)",
        "city": "LIEGE",
        "region": "waals_gewest",
        "street": "rue de Vis\u00E9",
        "country": "BE",
        "postcode": "4020",
        "box_number": null,
        "street_number": "222",
        "locality_suffix": "(Jupille)"
      },
      "old_address": {
        "raw": "Namenstraat 148/07 \u00E0 3000 LEUVEN",
        "city": "LEUVEN",
        "region": "vlaams_gewest",
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      },
      "effective_date": "2002-06-25",
      "evidence_quote": "",
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      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": true,
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      "effective_date_is_approximate": false
    }
  ],
  "notary": {
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  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2002-09-18",
    "filing_date": "2002-09-11",
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  },
  "decision": {
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    "date": "2002-06-25",
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  },
  "subject_company": {
    "kbo": "0472.600.034",
    "name_full": "SOCIETE PRIVEE A RESPONSABILITE LIMITEE",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "MUNAF Abdul",
    "org_rep_person_name": null,
    "person_role_at_subject": "g\u00E9rant"
  },
  "co_filed_documents": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)52112Detailhandel in dranken, algemeen assortiment47252Detailhandel in tabaksproducten47260Detailhandel in huishoudtextiel en beddengoed in gespecialiseerde winkels47512Detailhandel in huishoudtextiel en beddengoed47512Detailhandel in textiel52410
Primary activity highlighted.
Names & trade names
Legal nameFR Bhatti
Registered office
Rue du Couvent 17
4020 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative