Turnover
≈ €40,000 estimated
The micro format states no turnover.
I&M ROJAVA
Overview
Lifetime
1 annual account with figurespeak €5,425 (2025)
€5,425
peak €3,558 (2025)
€3,558
peak €8,558 (2025)
€8,558
€84,929
Board1 name since 2025
1 directorIBRAHIM Mahmoud
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Incorporation 13-011 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€84,929 91% of the balance sheet
Suppliers 40%Taxes and wages 1%Other 59%
Starting capital
€5,000 100 shares
2025 accounts filed 31 days after the deadline
Checked score
50
Fair
Financially stronger than 25% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 1.8%lowest value
03-2026: 1.9%▲ +0.1 percentage points vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.3%▲ +0.4 percentage points vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.3 percentage points vs 06-2026
08-2026: 2.9%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 2.7%▼ -0.2 percentage points vs 08-2026
10-2026: 2.7%● unchanged vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2025
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Equity €8,558 (9.2% of total assets)
Sector: Retail trade (NACE 47)
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 47, micro). It does better than 26% of them on solvency, 14% on liquidity and 34% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 514 companies had the same profile as I&M ROJAVA has now. Each dot stands for 2 companies, two years later.
96.9%
were still trading
1.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of I&M ROJAVA itself is higher: 2.7% within 12 months. It rests on far more data about I&M ROJAVA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 514 companies, not a prediction for I&M ROJAVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
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. 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 · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1018474660
Incorporation
Founding capital of €5,000, 100 shares · Founder: IBRAHIM Mahmoud · Appointment: IBRAHIM Mahmoud (director) · published on 13-01-2025 · Gazette deed
First establishment
Bouwelsesteenweg 291, Nijlen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| I&M ROJAVA Nijlen | - | - | 9.2% | - |
| Mickshop Meer Hoogstraten | - | - | 6.1% | - |
| DEUX AIGLES Schaerbeek | - | - | 21.4% | - |
| Librairie Presse Papier Ciseaux Namur | - | - | 14.6% | - |
| Fifty1 Halen | - | - | 2.4% | - |
| PLAIZIER Postcards & Posters Vilvoorde | €100,963 | 9.6% | 39.0% | - |
| MAHBUB Manage | €83,778 | 12.6% | 68.4% | - |
These companies have the same main activity as I&M ROJAVA: retail sale of newspapers and periodicals (NACE 47621). They are comparable in size and age: total assets between €59,800 and €131,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 09-01-2025Normal situation
- Activity
- Retail sale of newspapers and periodicalsNACE 47621and 5 others
- Establishment unit
- 2.372.930.8932560 Nijlen, since 09-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Insights on I&M ROJAVA
The computed 12-month bankruptcy probability of I&M ROJAVA is 2.7% (moderate). The 2025 annual accounts show equity of €8,558 and a net result of €3,558.
Its solvency ranks better than 29% of 22,924 sector peers (NACE 47, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€5,425
€5,425
€3,558
-€8,405
9.2%
0.90
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €40,000. Estimated: probably between €21,000 and €89,000.
Balance sheet
balance sheet total €93,487 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
9.2%
Higher than 29% of 22,924 companies in 2025.
0.90
Higher than 27% of 22,052 companies in 2025.
3.8%
Higher than 50% of 22,202 companies in 2025.
I&M ROJAVA
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
93,487 | |
21/28 |
16,963 | |
22/27 |
16,588 | |
23 |
5,877 | |
24 |
7,847 | |
26 |
2,864 | |
28 |
375 | |
29/58 |
76,524 | |
3 |
47,288 | |
30/36 |
47,288 | |
40/41 |
17,957 | |
40 |
17,653 | |
41 |
304 | |
54/58 |
11,279 | |
| Balance sheet: equity and liabilities | ||
10/49 |
93,487 | |
10/15 |
8,558 | |
10/11 |
5,000 | |
13 |
3,558 | |
133 |
3,558 | |
17/49 |
84,929 | |
42/48 |
84,929 | |
44 |
33,924 | |
440/4 |
33,924 | |
46 |
20,112 | |
45 |
950 | |
450/3 |
950 | |
47/48 |
29,943 | |
| Income statement | ||
9900 |
5,425 | |
9901 |
5,425 | |
65/66B |
917 | |
65 |
917 | |
9903 |
4,507 | |
67/77 |
950 | |
9904 |
3,558 | |
9905 |
3,558 | |
| Appropriation of the result | ||
9906 |
3,558 | |
691/2 |
3,558 | |
6921 |
3,558 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468949.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00468949 |
Subsidies and aid
Flemish government 2025, 1 entry, €2,000 awarded, €2,000 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 16,963 | ||
| -8,405 | ||
| 9.2% | ||
| 0.90 | ||
| 0.34 | ||
| 9.92 | ||
| 41.6% | ||
| 3.8% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €16,588 |
| Financial fixed assets | €375 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on I&M ROJAVA
Debt's share of the balance-sheet total is 90.8%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 09-01-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Hij vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. * Indien er verschillende bestuurders…”deed of 13-01-2025
Mandates through the years
1 name, the dashed line is todayIBRAHIM Mahmoud
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- IBRAHIM Mahmoud
- Director (not named in the articles), from 09-01-2025 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €85.58 in 2025
- Source
- deed of 13-01-2025
Articles of association
deed of 13-01-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten zijn voor de helft ten laste van de overdrager en voor de andere helft ten laste van de koper(s), naar…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 13-01-2025 ↗
- IBRAHIM Mahmoud 100 shares (100%) · €5,000 in cash
Network & group
No group
I&M ROJAVA has no parent and no holdings in its annual accounts. IBRAHIM Mahmoud is the only director. I&M ROJAVA shares no director with another company.
At the same address
Bouwelsesteenweg 291, 2560 Nijlen · 2 other companies| EURO PLUS BELGIUM
establishment since 25-06-2025 · founded in 1995 |
2.8 FTE (2025) 0456.891.081 |
| PRO RATO
registered office since 09-11-2012 · founded in 2012 |
turnover €33,469 (2025) 0846.555.226 |
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018474660
IncorporationFounding capital of €5,000, 100 shares · Founder: IBRAHIM Mahmoud · Appointment: IBRAHIM Mahmoud (director) · published on 13-01-20256 points ▸
- Founder, IBRAHIM Mahmoud
- Founding capital, €5,000, 100 shares
- Capital, €0
- Board rule, 1
- Director appointment, IBRAHIM Mahmoud (director (not named in the articles))
- Registered office clause, Bouwelsesteenweg 291 te 2560 Nijlen
- The deed holds 3 more points.
First establishment Bouwelsesteenweg 291, Nijlen
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1018.474.660
- VAT number
- BE 1018.474.660
- Peppol ID
- 0208:1018474660
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-01-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 10:00deed of 13-01-2025 (in Dutch)
- Peppol
- Reachable since 03-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- I&M ROJAVA in Dutch
- Name in the Peppol Directory
- I&M ROJAVA
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-01-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 13-01-2025 (in Dutch)
Activities
NACEBEL 2025VAT activities
47621
Retail sale of newspapers and periodicals main activity
47260
Retail trade
Social security (RSZ) activities
95316
Washing and cleaning of motor vehicles main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Handcarwash / Carwash; Shop/ nachtwinkel / dagwinkel aan ee tankstation; Uitbating van een tankstation uitbater onder commissie; De…”deed of 13-01-2025 (in Dutch)
16 activities
- Handcarwash / Carwash
- Shop/ nachtwinkel / dagwinkel aan ee tankstation
- Uitbating van een tankstation uitbater onder commissie
- De uitbating van haarkapperssalons voor dames en heren, de aan- en verkoop in het klein van alle reukwaren, schoonheidsverzorgingartikelen en alle andere artikelen, die normaal in kapperssalons kunnen verkocht worden, alsmede kleine fantasie- en textielartikelen, het alles in de meest ruime zin.
- Het ter beschikking stellen van zonnebanken en lichttherapietoestellen.
- Het leveren van kwaliteitscontrole systemen aan het bedrijfsleven.
- Het adviseren, ontwikkelen, organiseren en realiseren van promotionele en publicitaire activiteiten, met inbegrip van het voeren van commerciële transacties dienaangaande.
- Het adviseren op het vlak van marketing en publiciteit.
- Personeelsselectie en vorming.
- Het management, adviseren, consulteren, begeleiden, leiden, optreden als bestuurder van en in alle vennootschappen en ondernemingen.
- Het beheer en de uitbreiding voor eigen rekening van een patrimonium bestaande uit roerende en onroerende goederen zowel in het binnenland als in het buitenland alsmede alle handelingen die daar rechtstreeks of onrechtstreeks verband mee houden of die van aard zijn de opbrengst van haar goederen te bevorderen, zoals de aankoop en de verkoop, huur en verhuur, de ruiling of in het algemeen de verwerving of de overdracht van goederen zo roerende als onroerende, het onderhoud, de ontwikkeling, de verfraaiing en de verhuring van goederen, met uitzondering van die verrichtingen die verband houden met de normale activiteiten uitgeoefend door vastgoedmakelaars.
- Alle commerciële, industriële, financiële, burgerlijke, roerende en onroerende handelingen of verrichtingen stellen, die haar nuttig voorkomen om rechtstreeks of onrechtstreeks haar voorwerp te realiseren of de realisatie ervan te bevorderen of te vergemakkelijken.
- Belangen nemen door associatie, inbreng, inschrijving, deelneming, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, verenigingen of ondernemingen met een identiek, gelijklopend of samenhangend voorwerp met het hare, of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen.
- Alle leningen toestaan of leningen waarborgen die door derden zijn toegestaan.
- Zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin.
- Alle opdrachten waarnemen met betrekking tot het bestuur, het beheer, de directie, de controle en de vereffening van alle vennootschappen en ondernemingen, mits naleving van artikel 2:55 WVV.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Bouwelsesteenweg 291 registered office 2560 Nijlen | 09-01-2025 | 2.372.930.893 |
Buildings and parcels at the address
- Ground area
- 1,262 m²
- Buildings
- 105 m²
- Volume, LiDAR
- 343 m³
- Tallest building
- 6.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12026C0001/00C005 | 1,262 m² | 1 · 105 m² | 6.1 m · 1 |