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GHULAM HASSAN

Active
Private limited companyfounded 2000active for 26 yearsKouterstraat 38, 9240 Zele, BelgiumKBO/BCE: BE 0473.082.658
Summary

The computed 12-month bankruptcy probability of GHULAM HASSAN is 3.5% (moderate). The 2024 annual accounts show negative equity (-€29,016) and a net result of -€41,299. Equity has been shrinking by about 42% per year since 2018. Its solvency ranks better than 12% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 20-10-2000 Normal situation
Activity
Non-specialised wholesale NACE 46392and 4 others
Establishment unit
2.116.089.246 9240 Zele, since 22-12-2000
Financial year end
31 December
Peppol
Reachable since 26-12-2023

Board and ownership

Board

Financial position

47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.5%
Annual accounts 2024
Gross margin
-€36,161
▼ 238%
Loss
€41,299
▲ 185%
Equity
-€29,016
Total assets
€55,877
▼ 38.5%
Staff
≈ 0 FTE
estimated
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 96 days past the deadline
Turnover not published (micro format)
Score breakdownraises riskLoss of €41,299, the second in a row (financial year 2024)1 financial year not filed after the legal deadline; last filed accounts filed 62 days late; 2 of the last 3 accounts latelowers riskFounded in 2000Size: total assets €55,877Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 6% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2023
Weak
Solvency 0-39
equity -51.9% of total assets
Liquidity 10+3
short-term debt 151.9% · cash 8.0%
Profitability 0=
return on assets -73.9%
Bankruptcy probability within 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 12-2024: 2.1% 01-2025: 2.1%● unchanged vs 12-2024 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.0%▼ -0.1 percentage points vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.0%● unchanged vs 04-2025 06-2025: 1.9%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 2.2%▲ +0.3 percentage points vs 06-2025 08-2025: 2.6%▲ +0.4 percentage points vs 07-2025 09-2025: 2.5%▼ -0.1 percentage points vs 08-2025 10-2025: 3.0%▲ +0.5 percentage points vs 09-2025 11-2025: 3.0%● unchanged vs 10-2025 12-2025: 3.0%● unchanged vs 11-2025 01-2026: 2.9%▼ -0.1 percentage points vs 12-2025 02-2026: 2.9%● unchanged vs 01-2026 03-2026: 2.8%▼ -0.1 percentage points vs 02-2026 04-2026: 2.8%● unchanged vs 03-2026 05-2026: 2.8%● unchanged vs 04-2026 06-2026: 2.7%▼ -0.1 percentage points vs 05-2026 07-2026: 2.8%▲ +0.1 percentage points vs 06-2026 08-2026: 3.4%▲ +0.6 percentage points vs 07-2026 09-2026: 3.2%▼ -0.2 percentage points vs 08-2026 10-2026: 3.5%▲ +0.3 percentage points vs 09-2026highest value 11-2026: 3.5%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.58 (1.08 in 2023), below 1. Short-term debt is 151.9% and cash 8% of total assets. Equity is negative.
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 46, micro). It does better than 6% of them on solvency, 11% on liquidity, 6% on profitability and 2% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €41,299, the second in a row (financial year 2024)
NBB · annual accounts
lowers risk · Size: total assets €55,877
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 62 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€29,016
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 96 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline04-11-2026 today
raises risk · 2024 accounts filed 62 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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 · 10 filings
Deviation from the deadline
2025
not filed
2024
62 days late
2023
62 days late
2022
18 days late
2021
60 days late
2020
59 days late
2019
59 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 53 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€29,016 View
  • Risk: 4 loss-making years in a rowloss in financial year 2024 -€41,299 View
  • Caution: Lower net result than 93% of companies in wholesale tradesector median €4,936 · 15,421 companies -€41,299 View

Recent changes

  1. · Gazette deed Resignation: Faisal Nadeem (director)Reappointment: Faisal Nadeem (director)
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as GHULAM HASSAN: non-specialised wholesale (NACE 46392). They are comparable in size and age: total assets between €33,300 and €78,400, founded between 1993 and 2003.

CompanyTotal assetsGross margin
GHULAM HASSAN Zele€55,877-€36,161
ALMATRAIC Sint-Agatha-Berchem€42,661-€3,735
MEDINA Schaarbeek€78,432-€22,894
NEW PUNJAB INTERNATIONAL Elsene€35,468-€415
STEYNEN DISTRIBUTIE : ADVIES - BEMIDDELING Antwerpen€54,009-€5,249
AFSSOU Schaarbeek€36,269€1,512
ECONOMATO GONZALEZ Anderlecht€33,262-€1,218
Full comparison

Key facts about GHULAM HASSAN

What is the company number of GHULAM HASSAN?
The company number of GHULAM HASSAN is 0473.082.658. The VAT number is the same number with BE in front: BE 0473.082.658.
Where is GHULAM HASSAN based?
The registered office is at Kouterstraat 38, 9240 Zele.Company details
What does GHULAM HASSAN do?
According to the KBO register, the main activity is non-specialised wholesale (NACE 46392).
What is the legal form of GHULAM HASSAN?
The legal form of GHULAM HASSAN is Private limited company (BV).
When was GHULAM HASSAN founded?
GHULAM HASSAN was founded on 20-10-2000.
Is GHULAM HASSAN still active?
Yes, GHULAM HASSAN is an active enterprise in the KBO register.
What is the turnover of GHULAM HASSAN?
The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
Is GHULAM HASSAN profitable?
In financial year 2024, GHULAM HASSAN made a loss of €41,299.
Where can I find the annual accounts of GHULAM HASSAN?
GHULAM HASSAN filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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