GHAZNIWAL

Active

Private limited companyfounded 20205 yrs activeSint-Gummarusstraat 51, 2060 Antwerpen, BelgiumKBO/BCE: BE 0757.608.602

The computed 12-month bankruptcy probability of GHAZNIWAL is 4.2% (elevated). The 2024 annual accounts show equity of €127k and a net result of €37k. Equity is growing by ~53.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 26056 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

58 / 100

Fair▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency26=

Growth78=

Stability94

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity tight (current ratio 1.18 against 1.17 in 2023), and 83.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-03-2026, 243 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

243 d late

2023

29 d late

2022

46 d late

2021

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€127k▲ 41.4%

2023 · €90k

2021: €21k 2022: €46k 2023: €90k

2021 → 2024

Total assets

€765k▲ 42.6%

2023 · €537k

2021: €140k 2022: €413k 2023: €537k

2021 → 2024

Net result

€37k▼ 15.5%

2023 · €44k

2021: €11k 2022: €25k 2023: €44k

2021 → 2024

Working capital

€112k▲ 50.5%

2023 · €74k

2021: €14k 2022: €37k 2023: €74k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€21k-€46k▲ 121%€90k▲ 96.2%€127k▲ 41.4%

Operating result€17k-€38k▲ 128%€61k▲ 59.8%€59k▼ 3.8%

Net result€11k-€25k▲ 134%€44k▲ 75.6%€37k▼ 15.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 4% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €765k

98.0%

Fixed assets €15k▼ 1.7%

Current assets €750k▲ 43.9%

Equity and liabilities €765k

16.6%

83.4%

Equity €127k▲ 41.4%

Debt €638k▲ 42.8%

The debt ratio rises from 83.2% to 83.4%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€61k▼

2023 · €63k

Cash flow

€40k▼

2023 · €46k

Solvency

16.6%▼

2023 · 16.8%

Current ratio

1.18▲

2023 · 1.17

Quick ratio

0.52▲

2023 · 0.48

Debt / equity

5.01▲

2023 · 4.96

ROE

29.3%▼

2023 · 49.0%

ROA

4.9%▼

2023 · 8.2%

Interest coverage

7.08▼

2023 · 13.75

Debt

€638k▲

2023 · €447k

Debt ≤ 1 year

€638k▲

2023 · €447k

Income taxes

€13k▲

2023 · €12k

Staff costs

€98k▲

2023 · €82k

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€537k€765k▲

Fixed assets21/28€16k€15k▼

Tangible fixed assets22/27€8k€11k▲

Plant, machinery and equipment23€8k€7k▼

Furniture and vehicles24€0-

Other tangible fixed assets26-€4k

Financial fixed assets28€7k€5k▼

Current assets29/58€521k€750k▲

Stocks and contracts in progress3€305k€418k▲

Stocks30/36€305k€418k▲

Amounts receivable within one year40/41€165k€255k▲

Trade receivables40€164k€250k▲

Other amounts receivable41€98€5k▲

Cash at bank and in hand54/58€51k€73k▲

Deferred charges and accrued income490/1€404€5k▲

Equity and liabilities

Total equity and liabilities10/49€537k€765k▲

Equity10/15€90k€127k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€80k€117k▲

Amounts payable17/49€447k€638k▲

Amounts payable within one year42/48€447k€638k▲

Trade debts44€395k€596k▲

Suppliers440/4€395k€596k▲

Taxes, remuneration and social security45€48k€42k▼

Taxes450/3€21k€32k▲

Remuneration and social security454/9€26k€10k▼

Other amounts payable47/48€4k€0▼

Accrued charges and deferred income492/3€0-

Income statement Code20232024

Remuneration, social security and pensions62€82k€98k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€9k€21k▲

Gross operating margin9900€154k€180k▲

Operating profit (loss)9901€61k€59k▼

Financial income75/76B€40€162▲

Recurring financial income75€40€162▲

Financial charges65/66B€5k€9k▲

Recurring financial charges65€5k€9k▲

Profit (loss) for the period before taxes9903€56k€50k▼

Income taxes67/77€12k€13k▲

Profit (loss) for the period9904€44k€37k▼

Profit (loss) for the period to be appropriated9905€44k€37k▼

Appropriation of the result

Profit (loss) to be appropriated9906€80k€117k▲

Profit (loss) brought forward from the previous period14P€36k€80k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2026

31-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 243 days late

2024

31-12

Financial Equity above €100kEq €127k ▲41.4%

4 profitable years in a row build equity to €127k.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-12

Financial Highest result since 2021net €44k ▲75.6%

Operating result €61k, net result €44k, both a record.

15-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 46 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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 · 5 establishment units since 2020

establishment All 5 establishment units on the map

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.

Sint-Gummarusstraat 512060 Antwerpen

Ground area

10.9 ha

Building footprint

6.2 ha

Volume, LiDAR

6,939 m³

5 parcels, Flanders · tallest building 19.2 m, ±4 floors. Linked by address, not a title deed.

5 establishment units

GHAZNIWAL

Sint-Gummarusstraat 51, 2060 AntwerpenWholesale of other food products

since 20202.309.974.826

GHAZNIWAL

Sint-Gummarusstraat 56, 2060 AntwerpenWholesale of other food products

since 20202.309.974.925

GHAZNIWAL

Delften 23, 2390 MalleWarehousing and storage

since 20222.338.389.391

GHAZNIWAL

Sint-Gummarusstraat 52, 2060 AntwerpenWholesale of other food products

since 20242.364.212.276

Ghazniwal

Havermarkt 30, 3500 HasseltNon-specialised wholesale

since 20252.373.519.526

5 parcels

Flanders 5 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11049B0060/00H002	Flanders	10.9 ha	1 · 6.2 ha	-
71022H0933/00N002	Flanders	474 m²	1 · 475 m²	19.2 m · 4 fl.
11805E0528/00M002	Flanders	128 m²	1 · 102 m²	14.5 m · 3 fl.
11805E0516/00C008	Flanders	123 m²	1 · 80 m²	13.8 m · 3 fl.
11805E0513/00S000	Flanders	78 m²	1 · 71 m²	11.5 m · 3 fl.