Ghaddari
ActiveSummary
Ghaddari has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 6.08; short-term debt: 16.5% and cash: 61.5% of total assets), and 16.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.5%
Return on assets
67%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
34 d late
2023
70 d early
2022
39 d late
2021
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€11k▲ 405%
2023 · €2k
2021: €27k
2022: €4k
2023: €2k
2021 → 2024
Total assets
€13k▲ 473%
2023 · €2k
2021: €102k
2022: €23k
2023: €2k
2021 → 2024
Net result
€9k
2023 · €-2k
2021: €24k
2022: €-23k
2023: €-2k
2021 → 2024
Working capital
€11k▲ 405%
2023 · €2k
2021: €25k
2022: €4k
2023: €2k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€27k-€4k▼ 85.5%€2k▼ 44.3%€11k▲ 405%
Operating result€30k-€-23k€-1k▲ 93.4%€9k
Net result€24k-€-23k€-2k▲ 92.5%€9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9k after a loss of €1k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €13k
Equity
€11k▲ 405%
Debt
€2k▲ 1,658%
The debt ratio rises from 5.4% to 16.5%. Equity and debt are higher.
Key figures and ratios
Solvency
83.5%
Current ratio
6.08
Quick ratio
6.08
Debt / equity
0.20
ROE
80.2%
ROA
67.0%
Debt
€2k▲
2023 · €123
Debt ≤ 1 year
€2k▲
2023 · €123
Income taxes
€174▲
2023 · €123
Staff costs
€27▼
2023 · €989
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2k€13k▲
Current assets29/58€2k€13k▲
Amounts receivable within one year40/41€2k€5k▲
Trade receivables40€102€429▲
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€642€8k▲
Equity and liabilities
Total equity and liabilities10/49€2k€13k▲
Equity10/15€2k€11k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-824€8k▲
Amounts payable17/49€123€2k▲
Amounts payable within one year42/48€123€2k▲
Trade debts44-€109
Suppliers440/4-€109
Taxes, remuneration and social security45€123€2k▲
Taxes450/3€123€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€989€27▼
Other operating charges640/8€2k€867▼
Gross operating margin9900€2k€10k▲
Operating profit (loss)9901€-1k€9k▲
Financial income75/76B-€200
Recurring financial income75-€200
Financial charges65/66B€122€180▲
Recurring financial charges65€122€180▲
Profit (loss) for the period before taxes9903€-2k€9k▲
Income taxes67/77€123€174▲
Profit (loss) for the period9904€-2k€9k▲
Profit (loss) for the period to be appropriated9905€-2k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-824€8k▲
Profit (loss) brought forward from the previous period14P€906€-824▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 15current ratio 18.66
Current ratio from 1.21 to 18.66; short-term debt falls from €19k to €123.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-12
Financial
Weakest financial yearnet €-23k ▼196%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sterckshoflei 452100 AntwerpenGround area
88 m²
Building footprint
70 m²
Volume, LiDAR
538 m³
Parcel 11345B0200/00E015, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ghaddari
since 20202.309.251.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0200/00E015 | Flanders | 88 m² | 1 · 70 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,153 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2020
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.