ETEMAD FOODS & DRINKS
The computed 12-month bankruptcy probability of ETEMAD FOODS & DRINKS is 3.6% (moderate). The 2023 annual accounts show negative equity (€-14k) and a net result of €-19k. Equity is shrinking by ~103% per year across the filed fiscal years. Its solvency ranks better than 17% of 3026 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-14k |
| Net result | €-19k |
| Better than sector | 17% |
| Active | 5 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -21.6% | 25.2% | |
| Net result | €-19k | €4k | |
| Equity | €-14k | €20k | |
| Gross operating margin | €-17k | €18k | |
| Total assets | €65k | €102k |
Show 8 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | - |
| Net profit | €-19k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €65k |
| Equity | €-14k |
| Debt | €79k |
| of which ≤ 1y | €79k |
| of which > 1y | - |
| Working capital | €-14k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.16 |
| Working capital ratio | -21.6% |
| Solvency | -21.6% |
| Debt / equity | -5.63 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -28.9% |
| ROE | 134.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (19 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €65k |
| Current assets | 29/58 | €65k |
| Stocks & contracts in progress | 3 | €52k |
| Amounts receivable within one year | 40/41 | €6k |
| Cash & bank | 54/58 | €7k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €65k |
| Equity | 10/15 | €-14k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-20k |
| Amounts payable | 17/49 | €79k |
| Amounts payable within one year | 42/48 | €79k |
| Trade debts payable within one year | 44 | €68k |
| Income statement | ||
| Gross operating margin | 9900 | €-17k |
| Operating result | 9901 | €-17k |
| Financial charges | 65 | €43 |
| Result before taxes | 9903 | €-17k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €-19k |
| Result to be appropriated | 9905 | €-19k |
-
Current08-05-2026 → present
| NACE primary | Handelsbemiddeling in de niet-gespecialiseerde groothandel(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 19-09-2020 |
| Status | Active |
| Postal code | 8400 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0432/00S015 | Flanders | 135 m² | 1 · 135 m² | 9.9 m · 3 fl. |
| 35384A0016/00P013 | Flanders | 108 m² | 1 · 63 m² | 13.2 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
08-05-2026 General meeting · Officer resignation · Officer discharge · Officer appointment
- Filing: 2026-04-28 · ETEMAD FOODS & DRINKS
- Publication: 2026-05-08 · ETEMAD FOODS & DRINKS
- General meeting: 2026-04-21 · ETEMAD FOODS & DRINKS
- Officer resignation: role: bestuurder · KHAN Mustafa
- Officer discharge · KHAN Mustafa
- Officer appointment: role: bestuurder, term: onbepaalde tijd · RAZIA Bibi
- Share transfer: shares: 100, company: ETEMAD FOODS & DRINKS · KHAN Mustafa
- Seat change: new: Stuiver Straat 297 - 8400 Oostende, old: Renteniersstraat 16 - 8400 Oostende · ETEMAD FOODS & DRINKS
- Act object: Ontslag van bestuurder - Benoeming van bestuurder - Overdracht van
Technical details
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"type": "filing",
"quote": "NEERLEGGING TER GRIFFIE VAN DE ONDERNEMINGSRECHTBANK GENT afdeling OOSTENDE 28 APR. 2026",
"value": "2026-04-28",
"object": null,
"subject": "e1"
},
{
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 08/05/2026 - Annexes du Moniteur belge",
"value": "2026-05-08",
"object": null,
"subject": "e1"
},
{
"type": "general_meeting",
"quote": "In het jaar tweeduizend zesentwintig, op 21 april om achttien uur, volgt, de gewone buitengewone algemene vergadering",
"value": "2026-04-21",
"object": null,
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},
{
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"value": {
"role": "bestuurder"
},
"object": "e1",
"subject": "e2"
},
{
"type": "officer_discharge",
"quote": "er wordt kwijting gegeven voor zijn beheer tot op heden",
"value": null,
"object": "e1",
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},
{
"type": "officer_appointment",
"quote": "Mevrouw RAZIA Bibi is benoemt bestuurder voor onbepaalde tijd",
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},
{
"type": "share_transfer",
"quote": "Mijnheer KHAN Mustafa draagt 100 aandelen aan Mevrouw RAZIA Bibi die aanvaardt",
"value": {
"shares": 100,
"company": "ETEMAD FOODS \u0026 DRINKS"
},
"object": "e3",
"subject": "e2"
},
{
"type": "seat_change",
"quote": "De maatschappelijke zetel van de vennootschap wordt verplaatst naar: Stuiver Straat 297 - 8400 Oostende",
"value": {
"new": "Stuiver Straat 297 - 8400 Oostende",
"old": "Renteniersstraat 16 - 8400 Oostende"
},
"object": null,
"subject": "e1"
},
{
"type": "act_object",
"quote": "Onderwerp akte : - Ontslag van bestuurder - Benoeming van bestuurder - Overdracht van",
"value": "Ontslag van bestuurder - Benoeming van bestuurder - Overdracht van",
"object": null,
"subject": null
}
],
"act_meta": {
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},
"entities": [
{
"id": "e1",
"kbo": "0754.626.940",
"kind": "company",
"name": "ETEMAD FOODS \u0026 DRINKS",
"attrs": {
"new_seat": "Stuiver Straat 297 - 8400 Oostende",
"old_seat": "Renteniersstraat 16 - 8400 Oostende",
"legal_form": "Besloten Vennootschap"
}
},
{
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"kind": "person",
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"attrs": {}
},
{
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"kbo": null,
"kind": "person",
"name": "RAZIA Bibi",
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}
]
}19-08-2022 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 100,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2022-07-25",
"evidence_quote": "Mijnheer ZADRAN Shahbaz draagt 100 aandelen aan Mijnheer KHAN Mustafa die aanvaardt.",
"contribution_type": null
}
],
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"subject_company": {
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"legal_form": "BV"
}
}23-09-2020 Incorporation of a new BV
Technical details
{
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"founders": [
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"person": {
"dob": "1988-01-01",
"name": "ZADRAN Shahbaz Khan",
"niss": null,
"address": "8400 Oostende, Stuiverstraat, 168 / bus 0201"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 6000,
"holder_person_name": "ZADRAN Shahbaz Khan",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
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}
],
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"subject_company": {
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"initial_directors": [],
"incorporation_date": "2020-09-18",
"post_incorporation_mandates": []
}| Legal nameNL | ETEMAD FOODS & DRINKS |