ideal tax
ActiveSummary
The computed 12-month bankruptcy probability of ideal tax is 1.5% (moderate). The annual accounts of ideal tax for financial year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €4,438 and a net result of -€4,723. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 36% of 5,845 sector peers (NACE 49, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €4,438
- Loss
- -€4,723
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearSector: Land transport and transport via pipelines (NACE 49)1 of the last 3 lateFounded in 2019lowers riskLiquidity: current ratio 1.31, cash €7,418Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 36% on solvency, 66% on liquidity, 6% on profitability and 29% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 22 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €6,060
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €4,353 after €6,268 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86.4% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €37,693 | €28,399 | €20,006 | €55,158 | €66,340 | €65,287 | €69,516 | ▲ 6.5% |
| Non-recurring operating income76A | - | - | €5,084 | - | - | €8,156 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €18,712 | €50,270 | €67,261 | €62,441 | €68,702 | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,952 | €9,111 | €5,102 | €5,102 | €6,191 | €289 | €262 | ▼ 9.4% |
| Other operating charges640/8 | - | - | €101 | €714 | €1,025 | €4,445 | €4,904 | ▲ 10.3% |
| Non-recurring operating charges66A | - | - | €3,764 | - | - | - | - | - |
| Gross operating margin9900 | €3,082 | €14,300 | €6,425 | €4,937 | -€872 | €11,002 | €814 | ▼ 92.6% |
| Operating profit (loss)9901 | -€6,918 | €4,644 | -€2,542 | -€880 | -€8,089 | €6,268 | -€4,353 | - |
| Financial income75/76B | - | - | €1 | €0 | €2 | - | - | - |
| Recurring financial income75 | - | €0 | €1 | €0 | €2 | - | - | - |
| Financial charges65/66B | - | - | €341 | €723 | €163 | €208 | €371 | ▲ 78.2% |
| Recurring financial charges65 | €205 | €286 | €341 | €723 | €163 | €208 | €371 | ▲ 78.2% |
| Profit (loss) for the period before taxes9903 | -€7,124 | €4,358 | -€2,882 | -€1,602 | -€8,250 | €6,060 | -€4,723 | - |
| Profit (loss) for the period9904 | -€7,124 | €4,358 | -€2,882 | -€1,602 | -€8,250 | €6,060 | -€4,723 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,124 | €4,358 | -€2,882 | -€1,602 | -€8,250 | €6,060 | -€4,723 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €43,120 | €34,459 | €24,019 | €20,459 | €15,126 | €18,883 | €17,782 | ▼ 5.8% |
| Formation expenses20 | €35 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €35,997 | €27,334 | €10,203 | €5,101 | €136 | €525 | €262 | ▼ 50.0% |
| Tangible fixed assets22/27 | €35,997 | €27,334 | €10,203 | €5,101 | €136 | €525 | €262 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | €10,203 | €5,101 | €136 | €525 | €262 | ▼ 50.0% |
| Current assets29/58 | €7,088 | €7,125 | €13,816 | €15,358 | €14,990 | €18,358 | €17,520 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €119 | €1,682 | €676 | €7,765 | €8,919 | €13,351 | €10,102 | ▼ 24.3% |
| Trade receivables40 | - | - | €676 | €7,765 | €8,848 | €13,351 | €9,370 | ▼ 29.8% |
| Other amounts receivable41 | - | - | - | - | €71 | - | €732 | - |
| Cash at bank and in hand54/58 | €6,969 | €5,443 | €13,139 | €7,593 | €6,071 | €5,007 | €7,418 | ▲ 48.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €43,120 | €34,459 | €24,019 | €20,459 | €15,126 | €18,883 | €17,782 | ▼ 5.8% |
| Equity10/15 | €9,276 | €13,634 | €10,753 | €11,351 | €3,101 | €9,161 | €4,438 | ▼ 51.6% |
| Contributions10/11 | €16,400 | €16,400 | €16,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €16,400 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €2,200 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€7,124 | -€2,766 | -€5,647 | -€7,249 | -€15,499 | -€9,439 | -€14,162 | ▼ 50.0% |
| Amounts payable17/49 | €33,843 | €20,824 | €13,266 | €9,108 | €12,025 | €9,722 | €13,345 | ▲ 37.3% |
| Amounts payable after more than one year17 | €17,038 | €17,038 | €8,518 | - | - | - | - | - |
| Financial debts170/4 | - | - | €8,518 | - | - | - | - | - |
| Amounts payable within one year42/48 | €16,806 | €3,787 | €4,747 | €9,108 | €12,025 | €9,722 | €13,345 | ▲ 37.3% |
| Trade debts44 | €747 | €947 | €609 | €5,971 | €6,428 | €8,029 | €9,313 | ▲ 16.0% |
| Suppliers440/4 | - | - | €609 | €5,971 | €6,428 | €8,029 | €9,313 | ▲ 16.0% |
| Taxes, remuneration and social security45 | - | - | €143 | €3,137 | €5,596 | €1,256 | €3,330 | ▲ 165% |
| Taxes450/3 | - | - | €143 | €364 | €50 | €1,256 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,773 | €5,546 | - | €3,330 | - |
| Other amounts payable47/48 | - | - | €3,996 | - | - | €437 | €701 | ▲ 60.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,124 | €4,358 | -€2,882 | -€1,602 | -€8,250 | €6,060 | -€4,723 | - |
| + Depreciation and write-downs630 | €9,952 | €9,111 | €5,102 | €5,102 | €6,191 | €289 | €262 | ▼ 9.4% |
| Operating cash flow (approximation) | €2,828 | €13,469 | €2,221 | €3,500 | -€2,059 | €6,349 | -€4,461 | - |
| Investment in fixed assets (approximation) | - | -€448 | €12,028 | €0 | -€1,226 | -€678 | €0 | - |
| Change in cash | - | -€1,526 | €7,696 | -€5,546 | -€1,522 | -€1,063 | €2,411 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00382987 |
| 31-12-2024 | micro format | 24-09-2025 | 2025-00506466 |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00151381 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00347777 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20339930 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56500390 |
| 31-12-2019 | micro format | 06-10-2020 | 2020-59100377 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MAHMOUD Shahed |
|
Owners and capital
Capital and shareholders
- 01-12-2023 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
01-12
Gazette deed
Resignation: MAHMOUD Shahed (manager)Reappointment: MAHMOUD Shahed (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 29-11-2023, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles (3 times)
- Capital conversion, “beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital
- Power of attorney
- Director resignation, MAHMOUD Shahed (manager)
- Director discharge, MAHMOUD Shahed (manager)
- Director reappointment, MAHMOUD Shahed (director)
- Registered office clause, “Oudebareellei 13, 2170 Merksem” (deed in Dutch)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11422C0217/00E000 | Flanders | 116 m² | 1 · 62 m² | 11.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitbaten van een taxidienst; Het verhuren van wagens en bussen voor evenementen; Het verhuren van wagens en bussen met chauffeur; Kleine…” (deed in Dutch)
15 activities (deed in Dutch)
- Het uitbaten van een taxidienst
- Het verhuren van wagens en bussen voor evenementen
- Het verhuren van wagens en bussen met chauffeur
- Kleine en grote leveringen, pakketdienst, limousineverhuur, ceremoniemeester, verhuur van VIP chauffeurs.
- Personenvervoer in de meest ruime zin, vervoer van dieren inde meest ruime zin.
- Het verhuur van ambulancewagens, het leveren van ambulancediensten en verhuur van ambulanciers.
- Het leveren van logistieke diensten aan bedrijven.
- Het uitbaten van een magazijn, het verhuren van magazijnen en stockageruimtes.
- De verhuur van appartementen en huizen, de verkoop van appartementen en huizen, immobiliën, patrimoniumvennootschap.
- Het verhuren van wagens, van materialen en goederen in de meest ruime zin.
- Het verhuren van verhuiswagens, verhuisliften en verhuizers, het leveren van verhuisdiensten.
- Het uitbaten van een ruimte en materialen voor kleine onderhoudswerken aan voertuigen door de klant zelf.
- Het uitbaten van een garage. Aan- en verkoop van wagens, nieuwe en tweedehands en de verhuur en herstelling hiervan; alsook voor alle andere motorvoertuigen.
- Groot, kleinhandel, import en export van alle mogelijke goederen en producten in de meest ruime zin van het woord.
- Alle horeca-activiteiten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IDEAL TAX
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, alle aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Goedkeuring van ten minste de helft der aandeelhouders in het bezit van minstens drie vierden van de aandelen, na aftrek van de rechten…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 18:00