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Generated 15-08-2026
Active BE 0693.713.811Private limited company (pre-2019)

FOUR.V.21

Jamarlaan 17 ·1060 Sint-Gillis (bij-Brussel), Belgium· 8 yrs active
Sector: Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen (47553)
Conclusion Checked

The computed 12-month bankruptcy probability of FOUR.V.21 is 3.5% (moderate). The 2023 annual accounts show equity of €2k and a net result of €-16k. Equity is shrinking by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 5801 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €2k
Net result €-16k
Better than sector 34%
Active 8 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health12Profitability0Solvency12Growth22Stability100
29 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 12
Profitability 0
Solvency 12
Growth 22
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.5% Moderate
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
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
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 2023 · computed
12 / 100 Critical
050100
Computed from 4 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 2023. Indicative, not credit advice.
Financial overview6 NBB filings
Annual accounts filed on 20-08-2024 with the NBB · fiscal year 2023 · micro
€-20k€0€20k€40kOperating result 2019: €473€473Net result 2019: €-4k€-4kOperating result 2020: €-8k€-8kNet result 2020: €-13k€-13kRevenue 2021: €43k€43kOperating result 2021: €757€757Net result 2021: €721€721Revenue 2022: €42k€42kOperating result 2022: €-4k€-4kNet result 2022: €-4k€-4kRevenue 2023: €18k€18kOperating result 2023: €-16k€-16kNet result 2023: €-16k€-16k20192020202120222023
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 ~34.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
€0€5k€10k€15k2024: €1k (€207 - €2k)2025: €781 (€0 - €2k)2026: €514 (€0 - €3k)2018: €14k2019: €14k2020: €6k2021: €7k2022: €3k2023: €2k201820192020202120222023202420252026
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 7.3% 20.0%
better than 34% of 5801 sector peers
Net result €-16k €3k
better than 15% of 5781 sector peers
Equity €2k €15k
better than 30% of 5809 sector peers
Gross operating margin €-16k €23k
better than 6% of 5755 sector peers
Total assets €26k €93k
better than 19% of 5801 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€18k
-55.8% 18-23
EBITDA
€-10k
- 18-23
Net profit
€-16k
-272.3% 18-23
Cash flow
€-10k
- 18-23
Total assets
€26k
-40.5% 18-23
Equity
€2k
-25.0% 18-23
Working capital
€-4k
- 18-23
Debt
€24k
-41.5% 18-23
Debt ≤ 1y
€24k
-41.5% 18-23
Current ratio
0.83
-21.6% 18-23
Quick ratio
0.42
-27.7% 18-23
Solvency
7.3%
+26.2% 18-23
Debt / equity
12.79
-22.0% 18-23
ROE
-821.0%
-396.3% 18-23
ROA
-59.5%
-526.1% 18-23
Net margin
-84.8%
-742.6% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€18k
EBITDA-
Net profit€-16k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€26k
Equity€2k
Debt€24k
of which ≤ 1y€24k
of which > 1y-
Working capital€-4k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.83
Quick ratio0.42
Working capital ratio-15.6%
Solvency7.3%
Debt / equity12.79
Long-term debt ratio-
Interest coverage-
Gross margin-84.7%
Net margin-84.8%
ROA-59.5%
ROE-821.0%
EBITDA margin-
Days sales outstanding108d
Days payable outstanding-
Inventory turnover3.38
Days inventory (DSI)108d
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€26k
Fixed assets 21/28€6k
Financial fixed assets 28€6k
Current assets 29/58€20k
Stocks & contracts in progress 3€10k
Amounts receivable within one year 40/41€5k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€26k
Equity 10/15€2k
Contributions / capital 10/11€19k
Reserves 13€21
Accumulated profits (losses) 14€-17k
Amounts payable 17/49€24k
Amounts payable within one year 42/48€24k
Income statement
Turnover 70€18k
Gross operating margin 9900€-16k
Operating result 9901€-16k
Financial charges 65€11
Result before taxes 9903€-16k
Net result for the period 9904€-16k
Result to be appropriated 9905€-16k
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.
Directors & mandates 1 directors
Current directors & mandates
  • QASEM ANWAR QASEM M
    Director
    State Gazette act 25024336 (19-02-2025)
    Current
    12-02-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen(47553)
Legal form Private limited company (pre-2019)(015)
Incorporation29-03-2018
StatusActive
Postal code1060
Establishment units 1 location
Yémen al-Saïd
Jamarlaan 17, 1060 Sint-Gillis (bij-Brussel)Eetgelegenheden met beperkte bediening
since 20232.343.069.048
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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21562A0397/00N006 Brussels 100 m² 1 · 96 m² 19.1 m · 6 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 9 events

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

2025
19-02-2025
State Gazette act Capital & shares
2024
11-09-2024
State Gazette act Capital & shares
20-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
26-02-2024
State Gazette act Registered-office change
2023
12-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
27-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
18-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
21-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
24-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Belgisch Staatsblad, acts 3 acts
Capital history · 2
19-02-2025
Capital change
11-09-2024
Capital change
Address history · 1
26-02-2024
Registered-office move
All acts · 3 updated 1 year ago
2025
19-02-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "act_meta": {
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    "pub_date": "2025-02-19",
    "filing_date": null,
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  "decision": {
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    "act_date": "2025-02-12",
    "unanimous": null,
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  "bedrijfsrevisor": null,
  "subject_company": {
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  "publication_proxy": {
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  "co_filed_documents": [],
  "shareholders_after": [
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      "kbo": null,
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      "kind": "person",
      "name": "QASEM ANWAR QASEM M",
      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2024
11-09-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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    },
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      "subscribers": [
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          "kbo": null,
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          "kind": "person",
          "name": "EL MASSNAOUI EL HAJ MHAMED",
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      "decrease_purpose": null,
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      "not_yet_called_eur": null,
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  "notary": {
    "name": null,
    "firm_city": null,
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    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-09-11",
    "filing_date": "2024-09-03",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
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    "act_date": "2024-09-02",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-09-02"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
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    "name_full": "FOUR.V.21",
    "legal_form": "SOCIETE A RESPONSABILITE LIMITEE",
    "_kbo_filled_from_list": true,
    "is_foreign_registered": false
  },
  "publication_proxy": {
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    "org_rep_person_name": null,
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  },
  "co_filed_documents": [],
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    {
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26-02-2024 Registered office moved within bruxelles Registered-office change
  • CHAUSSEE DE FOREST 69/B - 1060 BRUXELLES. → Boulevard Jamar, 17 1060- bruxelles -
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
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        "country": "BE",
        "postcode": "1060",
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      },
      "old_address": {
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      "statute_clause_text": null,
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  "notary": {
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  "act_meta": {
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    "pub_date": "2024-02-26",
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    "date": "2024-02-14",
    "unanimous": true
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    "person_role_at_subject": "Administrateur"
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  "co_filed_documents": [
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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 glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen47553Detailhandel in glas-, porselein- en aardewerk en in niet-elektrische huishoudelijke artikelen in gespecialiseerde winkels47593Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels, n.e.g.47789Overige detailhandel in nieuwe artikelen neg47789Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410
Primary activity highlighted.
Names & trade names
Legal nameFR FOUR.V.21
Registered office
Jamarlaan 17
1060 Sint-Gillis (bij-Brussel), 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