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Complete company report
Generated 18-08-2026
Active BE 0632.452.569Private limited company (pre-2019)

CAN MARKET

Brogniezstraat 21 ·1070 Anderlecht, Belgium· 11 yrs active
Sector: Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment) (47716)
Conclusion Checked

The computed 12-month bankruptcy probability of CAN MARKET is 5.1% (elevated). The 2020 annual accounts show negative equity (€-4k) and a net result of €-10k. Equity is shrinking by ~158.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 1502 sector peers (fiscal year 2020). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-4k
Net result €-10k
Better than sector 24%
Active 11 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health25Profitability67Solvency0Growth22Stability100
43 / 100

Fragile profile, watch solvency in particular.

All 5 axes are computed from data Checked has read.

Health 25
Profitability 67
Solvency 0
Growth 22
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
5.1% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate region +Higher-failure-rate sector +

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 2 signals
Established
Founded in 2015, 11 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 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 2020 · computed
25 / 100 Weak
050100
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 2020. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 29-12-2021 with the NBB · fiscal year 2020 · micro
€-20k€-10k€0€10kRevenue 2018: €12k€12kOperating result 2018: €8k€8kNet result 2018: €2k€2kRevenue 2019: €13k€13kOperating result 2019: €-5k€-5kNet result 2019: €-3k€-3kRevenue 2020: €9k€9kOperating result 2020: €-7k€-7kNet result 2020: €-10k€-10k201820192020
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~158.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-30k€-20k€-10k€0€10k2021: €-10k (€-10k - €-10k)2022: €-16k (€-16k - €-16k)2023: €-22k (€-23k - €-22k)2018: €8k2019: €3k2020: €-4k201820192020202120222023
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 2020 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -10.9% 22.1%
better than 24% of 1502 sector peers
Net result €-7k €3k
better than 23% of 1496 sector peers
Equity €-4k €21k
better than 25% of 1505 sector peers
Gross operating margin €2k €23k
better than 23% of 1491 sector peers
Total assets €35k €118k
better than 21% of 1503 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€9k
-31.0% 18-20
EBITDA
€2k
-45.1% 18-20
Net profit
€-10k
-238.6% 18-20
Cash flow
€-613
- 18-20
Total assets
€35k
-16.7% 18-20
Equity
€-4k
- 18-20
Working capital
€-32k
+6.9% 18-20
Debt
€39k
0.0% 18-20
Show 8 other metrics
Debt ≤ 1y
€39k
0.0% 18-20
Current ratio
0.19
+45.7% 18-20
Quick ratio
0.19
+45.7% 18-20
Solvency
-10.9%
- 18-20
ROE
260.6%
- 18-20
ROA
-28.5%
-306.6% 18-20
Net margin
-113.1%
-390.9% 18-20
EBITDA margin
26.5%
-20.5% 18-20
Figures by fiscal year
Fiscal year2020
Depositmicro
Revenue€9k
EBITDA€2k
Net profit€-10k
Cash flow€-613
Staff costs-
Income taxes-
Dividends-
Total assets€35k
Equity€-4k
Debt€39k
of which ≤ 1y€39k
of which > 1y-
Working capital€-32k
Employees (FTE)-
Ratios (computed)
2020
Current ratio0.19
Quick ratio0.19
Working capital ratio-89.6%
Solvency-10.9%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-113.1%
ROA-28.5%
ROE260.6%
EBITDA margin26.5%
Days sales outstanding113d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€35k
Fixed assets 21/28€28k
Tangible fixed assets 22/27€28k
Current assets 29/58€8k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€35k
Equity 10/15€-4k
Contributions / capital 10/11€6k
Accumulated profits (losses) 14€-10k
Amounts payable 17/49€39k
Amounts payable within one year 42/48€39k
Trade debts payable within one year 44€35k
Income statement
Turnover 70€9k
Gross operating margin 9900€2k
Operating result 9901€-7k
Result before taxes 9903€-7k
Net result for the period 9904€-7k
Result to be appropriated 9905€-7k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • ASIF Muhammad
    Managing director
    State Gazette act 19157709 (04-12-2019)
    Not recently confirmed
    last confirmed in an act from 2019
Former directors (2)
  • BAGCI ESRA
    Managing director
    State Gazette act 16037430 (14-03-2016)
    Former
    03-12-2015 → 28-10-2019
    2 events
    • 28-10-2019 Resigned· Managing director
    • 03-12-2015 Appointed· Managing director
  • BAGCI TAHSIN
    Managing director
    State Gazette act 16037430 (14-03-2016)
    Former
    - → 03-12-2015
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)(47716)
Legal form Private limited company (pre-2019)(015)
Incorporation15-06-2015
StatusActive
Postal code1070
Connections & network 2 connected companies
Network connections
MOOSA INTERNATIONAL
Shared director
→
MYSHOP
Shared director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
CAN MARKET
Kazernestraat 25, 1000 BrusselDetailhandel in damesbovenkleding
since 20152.247.795.549
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.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21810L2201/00L014 Brussels 183 m² 1 · 163 m² 16.0 m · 3 fl.
21305B0191/00W013 Brussels 93 m² - -
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.
Updates 11 events

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

2026
20-02-2026
State Gazette act Registered-office change
v3.2
2023
23-02-2023
State Gazette act Director changes
v3.2
2022
12-07-2022
State Gazette act Director changes
v3.2
2021
29-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
29-12-2021
NBB filing Annual accounts filed
fiscal year 2019 · micro
2020
20-05-2020
NBB filing Annual accounts filed
fiscal year 2016 · volledig
15-04-2020
NBB filing Annual accounts filed
fiscal year 2018 · volledig
15-04-2020
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2019
04-12-2019
State Gazette act Director changes
v3.2
2016
14-03-2016
State Gazette act Director changes
v3.2
2015
17-06-2015
State Gazette act Incorporation
oprichting
Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 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 6 acts
Address history · 1
20-02-2026
v3.2
All acts · 6 updated 5 months ago
2026
20-02-2026 Registered office moved from Bruxelles to Anderlecht Registered-office change
  • Rue de la Caserne 25, 1000 Bruxelles → Rue Brogniez 21, 1070 Anderlecht
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Anderlecht",
        "region": "Brussels",
        "street": "Rue Brogniez",
        "country": "BE",
        "postcode": "1070",
        "box_number": null,
        "street_number": "21"
      },
      "old_address": {
        "city": "Bruxelles",
        "region": "Brussels",
        "street": "Rue de la Caserne",
        "country": "BE",
        "postcode": "1000",
        "box_number": null,
        "street_number": "25"
      },
      "effective_date": "2025-12-01",
      "evidence_quote": "Le si\u00E8ge de la soci\u00E9t\u00E9 est transf\u00E9r\u00E9 \u00E0 : \u003C\u003C Rue Brogniez 21- 1070 Anderlecht \u00BB."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0632.452.569",
    "name_full": "CAN MARKET",
    "legal_form": "SPRL"
  }
}
2023
23-02-2023 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0632.452.569",
    "name_full": "CAN MARKET",
    "legal_form": "SPRL"
  }
}
2022
12-07-2022 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0632.452.569",
    "name_full": "CAN MARKET",
    "legal_form": "SPRL"
  }
}
2019
04-12-2019 1 director appointed, 1 resigning Director changes
  • ASIF MUHAMMAD, Gedelegeerd bestuurder
  • BAGCI ESRA, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "BAGCI ESRA",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2019-10-28",
      "evidence_quote": "Al\u0027unanimit\u00E9 de l\u0027assembl\u00E9e accepte la d\u00E9mission de Mlle BAGCI ESRA comme g\u00E9rante \u00E0 partir du 28 octobre 2019 ... D\u00E9charge est donn\u00E9e au G\u00E9rante Mlle BAGCI ESRA pour sa gestion",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "ASIF MUHAMMAD",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2019-10-28",
      "evidence_quote": "et la nomination de Monsieur ASIF MUHAMMAD domicili\u00E9 Rue de la Caseme 25 \u00E0 1000 Brixelles comme g\u00E9rant \u00E0 partir du 28 octobre 2019"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0632.452.569",
    "name_full": "CAN MARKET",
    "legal_form": "SPRL"
  }
}
2016
14-03-2016 1 director appointed, 1 resigning Director changes
  • BAGCI ESRA, Gedelegeerd bestuurder
  • BAGCI TAHSIN, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "BAGCI TAHSIN",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-12-03",
      "evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e acc\u00E8pte la d\u00E9mission de Monsieur BAGCI TAHSIN comme g\u00E9rant \u00E0 partir du 03 d\u00E9cembre 2015"
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "BAGCI ESRA",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-12-03",
      "evidence_quote": "l\u0027assembl\u00E9e acc\u00E8pte ... la nomination de Mlle BAGCI ESRA, domicili\u00E9e 20 Rue Brogniez 1070 Anderlecht comme g\u00E9rante \u00E0 partir du 03 d\u00E9cembre 2015. D\u00E9charge est donn\u00E9e \u00E0 la g\u00E9rante pour sa gestion.",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0632.452.569",
    "name_full": "CAN MARKET",
    "legal_form": "SPRL"
  }
}
2015
17-06-2015 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Rue de la Consolation 20, 1030 Schaerbeek",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Monsieur BAGCI Tahsin",
        "niss": null,
        "address": "Anderlecht (1070 Bruxelles), rue Brogniez num\u00E9ro 20"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 533.34,
      "holder_person_name": "Monsieur BAGCI Tahsin",
      "is_subscriber_only": false,
      "n_shares_subscribed": 16,
      "amount_subscribed_eur": 1600,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Madame YAL\u00C7INKAYA Seher",
        "niss": null,
        "address": "Anderlecht (1070 Bruxelles), rue Brogniez num\u00E9ro 20"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 2833.33,
      "holder_person_name": "Madame YAL\u00C7INKAYA Seher",
      "is_subscriber_only": false,
      "n_shares_subscribed": 85,
      "amount_subscribed_eur": 8500,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Madame BAGCI Esra",
        "niss": null,
        "address": "Anderlecht (1070 Bruxelles), rue Brogniez num\u00E9ro 20"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 2833.33,
      "holder_person_name": "Madame BAGCI Esra",
      "is_subscriber_only": false,
      "n_shares_subscribed": 85,
      "amount_subscribed_eur": 8500,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 18600,
  "subject_company": {
    "kbo": "0632.452.569",
    "name_full": "CAN MARKET",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2015-06-11",
  "post_incorporation_mandates": []
}
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
Activities
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Markt- en straathandel in textiel, kleding en schoeisel47820
Primary activity highlighted.
Names & trade names
Legal nameFR CAN MARKET
Registered office
Brogniezstraat 21
1070 Anderlecht, 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