HAMMURABI
The computed 12-month bankruptcy probability of HAMMURABI is 1.6% (moderate). The 2025 annual accounts show equity of €48k and a net result of €-22k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 49% of 4219 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
| Equity | €48k |
| Net result | €-22k |
| Better than sector | 49% |
| Active | 16 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.2% | 39.2% | |
| Net result | €-22k | €6k | |
| Equity | €48k | €38k | |
| Gross operating margin | €-1k | €41k | |
| Total assets | €124k | €114k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-2k | - | - | €57k | - |
| Net profit | €-22k | €23k | - | €-70k | €-127k |
| Cash flow | €-12k | - | - | €-59k | - |
| Staff costs | - | - | - | - | - |
| Income taxes | €10k | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €124k | €87k | €62k | €63k | €22k |
| Equity | €48k | €-13k | €-36k | €-36k | €-94k |
| Debt | €77k | €100k | €99k | €99k | €116k |
| of which ≤ 1y | €77k | €56k | €35k | €35k | €52k |
| of which > 1y | - | €44k | €64k | €64k | €64k |
| Working capital | €38k | €31k | €26k | €26k | €-41k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Current ratio | 1.49 | 1.55 | 1.73 | 1.74 | 0.20 |
| Quick ratio | 1.49 | 1.55 | 1.73 | 1.74 | 0.20 |
| Working capital ratio | 30.2% | 35.5% | 41.0% | 41.3% | -184.7% |
| Solvency | 38.2% | -14.6% | -57.9% | -57.5% | -417.5% |
| Debt / equity | 1.62 | -7.84 | -2.73 | -1.76 | -0.68 |
| Long-term debt ratio | - | -3.43 | -1.76 | -1.76 | -0.68 |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -17.6% | 26.9% | - | -110.8% | -567.1% |
| ROE | -46.1% | -183.9% | - | 192.7% | 135.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €124k | €87k | €62k | €63k | €22k |
| Fixed assets | 21/28 | €10k | - | €2k | €2k | €12k |
| Tangible fixed assets | 22/27 | €10k | - | €2k | €2k | €12k |
| Current assets | 29/58 | €114k | €87k | €61k | €61k | €10k |
| Amounts receivable within one year | 40/41 | €114k | €68k | €60k | €52k | €10k |
| Cash & bank | 54/58 | €518 | €1 | €568 | €598 | €550 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €124k | €87k | €62k | €63k | €22k |
| Equity | 10/15 | €48k | €-13k | €-36k | €-36k | €-94k |
| Contributions / capital | 10/11 | €30k | €30k | €30k | €30k | €30k |
| Reserves | 13 | €4k | €4k | €4k | €4k | €4k |
| Accumulated profits (losses) | 14 | €14k | €-46k | €-70k | €-70k | €-127k |
| Amounts payable | 17/49 | €77k | €100k | €99k | €99k | €116k |
| Amounts payable after one year | 17 | - | €44k | €64k | €64k | €64k |
| Amounts payable within one year | 42/48 | €77k | €56k | €35k | €35k | €52k |
| Trade debts payable within one year | 44 | €21k | - | - | - | €16k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-1k | €24k | - | €77k | €-35k |
| Operating result | 9901 | €-12k | €24k | - | €46k | €-35k |
| Financial income | 75 | €454 | - | - | - | - |
| Financial charges | 65 | - | €660 | - | €11 | - |
| Result before taxes | 9903 | €-12k | €23k | - | €57k | €-35k |
| Income taxes | 67/77 | €10k | - | - | - | - |
| Net result for the period | 9904 | €-22k | €23k | - | €57k | €-35k |
| Result to be appropriated | 9905 | €-22k | €23k | - | €57k | €-35k |
-
Current01-09-2025 → present
-
Current01-05-2025 → present
-
Current11-07-2024 → present
Former directors (3)
-
Former- → 01-09-2025
-
Former15-07-2016 → 11-07-2024
2 events
- 11-07-2024 Resigned· Managing director
- 15-07-2016 Appointed· Manager
-
Former- → 15-07-2016
| NACE primary | Land transport and transport via pipelines(49200) |
| Legal form | Private limited company(610) |
| Incorporation | 09-02-2010 |
| Status | Active |
| Postal code | 1780 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1376/00D000 ProtectedMonumentKoninklijke Sint-Hubertusgalerijen |
Brussels | 546 m² | 1 · 759 m² | 26.6 m · 7 fl. |
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
26-01-2026 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": null,
"currency": null,
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"amount_type": "onbekend",
"effective_date": "2025-09-01",
"evidence_quote": "Dhr.Khaled AL KARKHI heeft zijn verlangen uitgesproken om zijn aandelen 100% aan Dhr.Firas ABDULLAH van de beheerder die accepteert, en dit vanaf de datum van 01 september 2025.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.997.191",
"name_full": "HAMMURABI",
"legal_form": "BV"
}
}06-06-2025 Abdullah Firas Ibrahim appointed as director
- Abdullah Firas Ibrahim, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Abdullah Firas Ibrahim",
"address": null,
"birth_date": null
},
"effective_date": "2025-05-01",
"evidence_quote": "De benoeming van de heer Abdullah Firas Ibrahim, als bestuurder, die aanvaardt vanaf 01 mel 2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.997.191",
"name_full": "HAMMURABI",
"legal_form": "SRL"
}
}18-11-2024 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": true,
"seat_change": true,
"object_change": true,
"effective_date": "2024-08-23",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0822.997.191",
"name_full": "PASTAQUEEN",
"legal_form": "SPRL"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}05-08-2024 1 director appointed, 1 resigning
- AL KARKHI KHALED ALI, Gedelegeerd bestuurder
- RUBI CRISI, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "RUBI CRISI",
"address": null,
"birth_date": null
},
"effective_date": "2024-07-11",
"evidence_quote": "Acte la d\u00E9mission de son poste de g\u00E9rant \u00E0 partir du 11/07/2024 M. RUBI CRISI G\u00E9rant d\u00E9missionnaire"
},
{
"kind": "director_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "AL KARKHI KHALED ALI",
"address": null,
"birth_date": null
},
"effective_date": "2024-07-11",
"evidence_quote": "Acte Ja nomination sans condition ni r\u00E9serve aucune de M. AL KARKHI KHALED ALI comme nouveau g\u00E9rant \u00E0 partir du 11/07/2024 qui accepte"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.997.191",
"name_full": "PASTAQUEEN",
"legal_form": "SPRL"
}
}25-05-2021 Registered office moved from BRUXELLES to UCCLE
- RUE DE L'ECUYER 59, 1000 BRUXELLES → RUE DU HAM 97, 1180 UCCLE
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "UCCLE",
"region": "Brussels",
"street": "RUE DU HAM",
"country": "BE",
"postcode": "1180",
"box_number": null,
"street_number": "97"
},
"old_address": {
"city": "BRUXELLES",
"region": "Brussels",
"street": "RUE DE L\u0027ECUYER",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "59"
},
"effective_date": "2021-04-02",
"evidence_quote": "Acte le transfert du si\u00E8ge social RUE DU HAM 97 1180 UCCLE \u00E0 la nouvelle adresse"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.997.191",
"name_full": "PASTAQUEEN",
"legal_form": "SPRL"
}
}15-07-2016 1 director appointed, 1 resigning
- Rubi Crisi, Zaakvoerder
- El Baroudi Ghizlarie, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "El Baroudi Ghizlarie",
"address": null,
"birth_date": null
},
"evidence_quote": "Ontslag als zaakvoerder van Mevrouw El Baroudi Ghizlarie"
},
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Rubi Crisi",
"address": null,
"birth_date": null
},
"evidence_quote": "Benoeming tot zaakvoerder van de Heer Rubi Crisi"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0822.997.191",
"name_full": "PASTAQUEEN",
"legal_form": "SPRL"
}
}| Legal nameFR | HAMMURABI |
- 19-08-2024 UBO non-compliance