Debts
€127,160 86% of the balance sheet
Suppliers 28%Taxes and wages 4%Other 68%
FHiN
Overview
Lifetime
1 annual account with figurespeak €24,963 (2025)
€24,963
peak €16,885 (2025)
€16,885
peak €19,885 (2025)
€19,885
€127,160
Board2 names since 2024
2 directorsWahidi Farzad and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
First year with figures
Key points
from the 2025 annual accountsAt the same address
38 companies
Board
1 left
A director left. Latest change 01-01-2026 · 1 in office.
2025 accounts filed 27 days after the deadline
Checked score
32
Weak
Financially stronger than 22% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 3.6%lowest value
09-2025: 3.6%● unchanged vs 08-2025lowest value
10-2025: 3.8%▲ +0.2 percentage points vs 09-2025
11-2025: 4.1%▲ +0.3 percentage points vs 10-2025
12-2025: 4.2%▲ +0.1 percentage points vs 11-2025
01-2026: 4.6%▲ +0.4 percentage points vs 12-2025
02-2026: 4.6%● unchanged vs 01-2026
03-2026: 5.0%▲ +0.4 percentage points vs 02-2026
04-2026: 5.0%● unchanged vs 03-2026
05-2026: 4.8%▼ -0.2 percentage points vs 04-2026
06-2026: 5.1%▲ +0.3 percentage points vs 05-2026
07-2026: 5.3%▲ +0.2 percentage points vs 06-2026
08-2026: 5.3%● unchanged vs 07-2026
09-2026: 6.2%▲ +0.9 percentage points vs 08-2026
10-2026: 7.9%▲ +1.7 percentage points vs 09-2026highest value
11-2026: 7.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Sector: Land transport and transport via pipelines (NACE 49)
Liquidity: current ratio 1.16, cash €318
Size: total assets €147,045
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 25% of them on solvency, 5% on liquidity and 37% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as FHiN has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FHiN itself is higher: 7.9% within 12 months. It rests on far more data about FHiN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for FHiN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.16, below the usual 1.5. Short-term debt is 86.5% and cash 0.2% of total assets. 86.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2418 sector peers (2025).
NBB · sector comparisonPosition among 2418 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
27 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- WAHIDI Fawad 75 sharesdeed of 29-07-2024
- WAHIDI Farzad 25 sharesdeed of 29-07-2024
Recent changes
Registered office moved from Zwijnaarde to Ghent
New registered office: Eedverbondkaai 242, 9000 Gent · Previous registered office: Heerweg-Noord 37, 9052 Zwijnaarde · Resignation: Wahidi Farzad (director) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011948045
Incorporation
Founders: WAHIDI Fawad and WAHIDI Farzad · 100 shares · Appointments: WAHIDI Farzad (director) and WAHIDI Fawad (director) · published on 29-07-2024 · Gazette deed
First establishment
Heerweg-Noord 37, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FHiN Ghent | €147,045 | €24,963 | 13.5% | - |
| Excess Baggage Shipping Zoersel | €139,067 | €30,646 | 77.4% | - |
| INVICTUS GROUP Antwerp | €108,770 | €24,680 | 15.8% | - |
| KAIZERLIFT Sint-Pieters-Leeuw | €147,830 | €40,795 | 36.9% | - |
| De Bresser Verhuizingen België Evere | €192,098 | €45,058 | 47.7% | - |
| LKA-Solutions Evergem | €121,412 | €63,686 | 11.7% | - |
| LOGFRA Wavre | €87,205 | €26,041 | 51.7% | - |
These companies have the same main activity as FHiN: removal services (NACE 49420). They are comparable in size and age: total assets between €87,200 and €192,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 25-07-2024Normal situation
- Registered office
- 39 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Removal servicesNACE 49420and 1 other
- Establishment unit
- 2.366.236.9059052 Ghent, since 25-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 31-07-2026
Annual accounts 2025
- €24,963
- ≈ €210,000estimated
- €16,885
- €19,885
- €147,045
- Filing
- Filed on 27-08-2026
Insights on FHiN
The computed 12-month bankruptcy probability of FHiN is 7.9% (elevated). The 2025 annual accounts show equity of €19,885 and a net result of €16,885.
Its solvency ranks better than 20% of 2,418 sector peers (NACE 49, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 27-08-2026, 27 days late€24,963
€22,462
€16,885
€19,885
13.5%
1.16
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €110,000 and €340,000.
Balance sheet
balance sheet total €147,045 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
13.5%
Higher than 20% of 2,418 companies in 2025.
1.16
Higher than 40% of 2,369 companies in 2025.
11.5%
Higher than 76% of 2,377 companies in 2025.
FHiN
Middle half of the sector
80% of the sector
Abbreviated accounts in land transport (NACE 49)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
147,045 | |
29/58 |
147,045 | |
40/41 |
146,727 | |
40 |
127,449 | |
41 |
19,279 | |
54/58 |
318 | |
| Balance sheet: equity and liabilities | ||
10/49 |
147,045 | |
10/15 |
19,885 | |
10/11 |
3,000 | |
14 |
16,885 | |
17/49 |
127,160 | |
42/48 |
127,160 | |
44 |
36,093 | |
440/4 |
36,093 | |
46 |
85,979 | |
45 |
5,088 | |
450/3 |
5,088 | |
| Income statement | ||
9900 |
24,963 | |
640/8 |
2,501 | |
9901 |
22,462 | |
65/66B |
489 | |
65 |
489 | |
9903 |
21,973 | |
67/77 |
5,088 | |
9904 |
16,885 | |
9905 |
16,885 | |
| Appropriation of the result | ||
9906 |
16,885 | |
| Document | ||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486283.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00486283 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 19,885 | ||
| 13.5% | ||
| 1.16 | ||
| 6.39 | ||
| 84.9% | ||
| 11.5% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on FHiN
Debt's share of the balance-sheet total is 86.5%.
Board & ownership
Board
1 director, no change since January 2026Director (not named in the articles)
current term since 25-07-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 27-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 29-07-2024
Mandates through the years
2 names, the dashed line is todayWAHIDI Fawad
Director (not named in the articles)
Director (not named in the articles)
Wahidi Farzad
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- WAHIDI Fawad
- Director (not named in the articles), appointed by deed of 29-07-2024, still in office
- Wahidi Farzad
- Director (not named in the articles), from 25-07-2024 to 01-01-2026
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €199 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 29-07-2024 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Hij kan bijzondere machten toekennen aan elke mandataris, Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of May at 19:00
Shareholders
At incorporation
deed of 29-07-2024 ↗
- WAHIDI Fawad 75 shares (75%) · €2,250 in cash
- WAHIDI Farzad 25 shares (25%) · €750 in cash
Network & group
No group
FHiN has no parent and no holdings in its annual accounts. WAHIDI Fawad is the only director.
At the same address
Eedverbondkaai 242, 9000 Ghent · 38 other companies| LIMA, NATUURVOEDINGSBEDRIJF - LIMA, MANUFACTURE D'ALIMENTS NATURELS
registered office since 01-03-1960 · founded in 1960 |
turnover €17.8m (2025) 0400.157.266 |
| Meteren
registered office since 03-07-2020 · founded in 2020 · accounts filed late |
total assets €9.4m (2024) 0749.760.708 |
| TRAJECT
registered office since 06-11-1992 · founded in 1992 · group KBC Groep |
31 FTE (2025) 0448.394.475 |
| Docshifter
registered office since 01-02-2014 · founded in 2014 |
3.5 FTE (2025) 0544.961.044 |
| DWD INVEST
registered office since 03-11-2006 · founded in 2006 |
0.9 FTE (2025) 0884.259.225 |
| DINA
registered office since 26-03-1999 · founded in 1999 · accounts filed late |
total assets €974,825 (2024) 0465.730.553 |
| B-enterprise (d)
registered office since 11-03-2009 · founded in 2009 |
total assets €971,853 (2025) 0810.358.784 |
| NG CLEANING SOLUTIONS
registered office since 29-10-2021 · founded in 2021 · accounts filed late |
total assets €738,876 (2024) 0776.645.544 |
| KOUTERS
registered office since 05-07-2021 · founded in 2021 |
total assets €521,952 (2025) 0770.760.119 |
| G & C INTERNATIONAL
registered office since 24-06-2003 · founded in 2003 · accounts filed late |
total assets €502,979 (2023) 0480.519.192 |
Earlier ties
| Phar-Z via Wahidi Farzad, at FHiN until 2026 · Director · deed of 29-12-2023 |
founded in 2023 |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
5 events since 2024Board
Filings
Establishments
Address
202420252026
2026
Registered office moved from Zwijnaarde to GhentNew registered office: Eedverbondkaai 242, 9000 Gent · Previous registered office: Heerweg-Noord 37, 9052 Zwijnaarde · Resignation: Wahidi Farzad (director)3 points ▸
- Director resignation, Wahidi Farzad
- Director discharge, Wahidi Farzad
- Registered-office move, Eedverbondkaai 242, 9000 Gent
Annual accounts 2025 filed NBBabbreviated format · 27 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011948045
2024
IncorporationFounders: WAHIDI Fawad and WAHIDI Farzad · 100 shares · Appointments: WAHIDI Farzad (director) and WAHIDI Fawad (director) · published on 29-07-20245 points ▸
- Founder, WAHIDI Fawad
- Founder, WAHIDI Farzad
- Director appointment, WAHIDI Farzad (director (not named in the articles))
- Director appointment, WAHIDI Fawad (director (not named in the articles))
- 100 shares
- The deed holds 1 more point.
First establishment Heerweg-Noord 37, Ghent
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
FHiN was incorporated on 25 July 2024 as a private limited company by two natural persons.12 The registered office was moved to Ghent in 2026.3 Since 2025, WAHIDI Fawad has served as director.4
Company details
Identity
- Enterprise number
- 1011.948.045
- VAT number
- BE 1011.948.045
- Peppol ID
- 0208:1011948045
- Other Peppol ID
- 9925:BE1011948045
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 25-07-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of May at 19:00deed of 29-07-2024 (in Dutch)
- Peppol
- Reachable since 31-07-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- FHiN in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202549420
Removal services main activity
Codes under NACEBEL 2008
49420
Land transport and transport via pipelines main activity
81220
Other building cleaning and industrial cleaning
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Verhuizing van het meubilair van particulieren, kantoren, werkplaatsen of fabrieken; Goederenvervoer over de weg; Ter beschikkingstellen van…”deed of 29-07-2024 (in Dutch)
8 activities
- Verhuizing van het meubilair van particulieren, kantoren, werkplaatsen of fabrieken
- Goederenvervoer over de weg
- Ter beschikkingstellen van verhuislift
- Carwash
- Bandenservicebedrijf
- Detailhandel in niet-gespecialiseerde winkels
- Detailhandel niet in winkels (markt- en straathandel)
- Detailhandel via internet
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Eedverbondkaai 242 registered office 9000 Ghent | ||
| Heerweg-Noord 37 9052 Ghent | 25-07-2024 | 2.366.236.905 |
1 former office
- Heerweg-Noord 37, 9052 Zwijnaarde until 18-08-2026 · deed of 11-09-2026
Buildings and parcels at the addresses
- Ground area
- 1,913 m²
- Buildings
- 1,005 m²
- Volume, LiDAR
- 8,687 m³
- Tallest building
- 20.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44809I0826/00R000 | 1,794 m² | 1 · 901 m² | 20.1 m · 1 |
| 44082B0172/00C008 | 119 m² | 1 · 104 m² | 10.0 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1011.948.045