HANNAN MORAD
ActiveThe computed 12-month bankruptcy probability of HANNAN MORAD is 5.8% (elevated). The 2025 annual accounts show negative equity (€-37k) and a net result of €-39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 13204 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
12
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-70
Solvency0▼-26
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.98 in 2024; short-term debt: 134.5% and cash: 2.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-34.5%
Return on assets
-36.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-37k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
29 d late
2022
57 d late
2021
128 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-37k
2024 · €2k
2021: €-12k
2022: €-12k
2023: €-590
2024: €2k
2021 → 2025
Total assets
€107k▼ 59.8%
2024 · €265k
2021: €3k
2022: €3k
2023: €51k
2024: €265k
2021 → 2025
Net result
€-39k
2024 · €3k
2021: €-17k
2022: €356
2023: €11k
2024: €3k
2021 → 2025
Working capital
€-38k▼ 810%
2024 · €-4k
2021: €-12k
2022: €-12k
2023: €-12k
2024: €-4k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-12k-€-12k▲ 2.9%€-590▲ 95.0%€2k€-37k
Operating result€-17k-€641€11k▲ 1,565%€3k▼ 74.7%€-39k
Net result€-17k-€356€11k▲ 3,042%€3k▼ 76.3%€-39k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€886▼ 85.7%
Current assets
€106k▼ 59.2%
Key figures and ratios
EBITDA
€-34k▼
2024 · €8k
Cash flow
€-34k▼
2024 · €8k
Solvency
-34.5%▼
2024 · 0.8%
Current ratio
0.74▼
2024 · 0.98
Quick ratio
0.39▼
2024 · 0.87
Debt / equity
-3.90
ROA
-36.5%▼
2024 · 1.0%
Interest coverage
-723.94▼
2024 · 149.62
Debt
€144k▼
2024 · €263k
Debt ≤ 1 year
€144k▼
2024 · €263k
Staff costs
€8k▼
2024 · €37k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€265k€107k▼
Fixed assets21/28€6k€886▼
Tangible fixed assets22/27€6k€886▼
Furniture and vehicles24€6k€886▼
Current assets29/58€259k€106k▼
Stocks and contracts in progress3€29k€50k▲
Stocks30/36€29k€50k▲
Amounts receivable within one year40/41€197k€52k▼
Trade receivables40€174k€52k▼
Other amounts receivable41€23k€3▼
Cash at bank and in hand54/58€34k€3k▼
Equity and liabilities
Total equity and liabilities10/49€265k€107k▼
Equity10/15€2k€-37k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-3k€-42k▼
Amounts payable17/49€263k€144k▼
Amounts payable within one year42/48€263k€144k▼
Trade debts44€64k€102k▲
Suppliers440/4€64k€102k▲
Advances received on contracts in progress46€150k-
Taxes, remuneration and social security45€44k€18k▼
Taxes450/3€6k€18k▲
Remuneration and social security454/9€38k-
Other amounts payable47/48€5k€24k▲
Income statement
Code20242025
Remuneration, social security and pensions62€37k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Gross operating margin9900€45k€-26k▼
Operating profit (loss)9901€3k€-39k▼
Financial charges65/66B€54€46▼
Recurring financial charges65€54€46▼
Profit (loss) for the period before taxes9903€3k€-39k▼
Profit (loss) for the period9904€3k€-39k▼
Profit (loss) for the period to be appropriated9905€3k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-42k▼
Profit (loss) brought forward from the previous period14P€-6k€-3k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-39k ▼1570%
Net result drops to €-39k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2021net €11k ▲3042%
Operating result €11k, net result €11k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Back to profitnet €356
Net result €356 after one loss-making year.
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 128 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Leuven · 1 establishment unit since 2023
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.
Louis Melsensstraat 53000 LeuvenGround area
3,541 m²
Building footprint
2,214 m²
Volume, LiDAR
33,562 m³
2 parcels, Flanders, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HANNAN MORAD
since 20232.345.103.573
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037F0176/00S000 | Wallonia | 3,483 m² | 1 · 2,156 m² | 15.9 m · 5 fl. |
| 24502B0079/00P000 | Flanders | 58 m² | 1 · 58 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 3,061 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-08-2021
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.