KHACHANI
ActiveSummary
The computed 12-month bankruptcy probability of KHACHANI is 1.8% (moderate). The 2025 annual accounts show equity of €243,212 and a net result of €89,517. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 38% of 18606 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+15
Solvency45▲+6
Growth63▲+1
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.94 in 2024; short-term debt: 78.7% and cash: 1.1% of total assets), and 80.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.6%
Return on assets
7.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
85 d late
2023
82 d late
2021
152 d late
2020
158 d late
2019
528 d late
2018
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 158 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€662,632▲ 6.9%
2024 · €619,896
EBIT margin
19.3%▲ 14.5pp
2024 · 4.8%
Net result
€89,517▲ 308%
2024 · €21,929
Working capital
-€322,750▼ 517%
2024 · -€52,347
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Turnover€479,924▼ 17.6%€921,558▲ 92.0%€774,005-€619,896▼ 19.9%€662,632▲ 6.9%
Operating result€57,132▲ 468%€74,902▲ 31.1%€36,799-€29,611▼ 19.5%€127,869▲ 332%
Net result€34,727above the sector's middle half€52,118above the sector's middle half▲ 50.1%-€27,680below the sector's middle half-€21,929above the sector's middle half€89,517above the sector's middle half▲ 308%
EBIT margin11.9%▲ 10.2pp8.1%▼ 3.8pp4.8%-4.8%=19.3%▲ 14.5pp
Equity€129,863above the sector's middle half▲ 36.5%€181,981above the sector's middle half▲ 40.1%€187,481above the sector's middle half-€209,410above the sector's middle half▲ 11.7%€243,212above the sector's middle half▲ 16.1%
Total assets€1.2mabove the sector's middle half▼ 5.3%€1.2mabove the sector's middle half▼ 1.7%€2.0mabove the sector's middle half-€1.5mabove the sector's middle half▼ 27.3%€1.2mabove the sector's middle half▼ 16.0%
Debt€1.1m▼ 8.6%€1.0m▼ 6.7%€1.8m-€1.3m▼ 31.3%€997,577▼ 21.3%
Working capital€71,454within the sector's middle half▲ 132%€116,206above the sector's middle half▲ 62.6%-€2,842within the sector's middle half--€52,347below the sector's middle half▼ 1,742%-€322,750below the sector's middle half▼ 517%
Solvency10.6%within the sector's middle half▲ 3.2pp15.1%within the sector's middle half▲ 4.5pp9.2%within the sector's middle half-14.2%within the sector's middle half▲ 4.9pp19.6%within the sector's middle half▲ 5.4pp
Current ratio1.18within the sector's middle half▲ 0.111.32within the sector's middle half▲ 0.141.00within the sector's middle half-0.94within the sector's middle half▼ 0.060.67below the sector's middle half▼ 0.27
Return on assets (ROA)2.8%within the sector's middle half▲ 4.0pp4.3%within the sector's middle half▲ 1.5pp-1.4%within the sector's middle half-1.5%within the sector's middle half▲ 2.8pp7.2%within the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 332% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€587,434 ▼ 5.1%
Current assets
€653,355 ▼ 23.8%
Equity and liabilities €1.2m
Equity
€243,212 ▲ 16.1%
Debt
€997,577 ▼ 21.3%
Debt's share of the balance-sheet total falls from 85.8% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171,927▲
2024 · €73,720
Cash flow
€133,575▲
2024 · €66,038
Quick ratio
0.50▼
2024 · 0.76
Debt to equity
4.10▼
2024 · 6.05
ROE
36.8%▲
2024 · 10.5%
Interest coverage
14.27▼
2024 · 21.95
Debt ≤ 1 year
€976,105▲
2024 · €910,161
Debt > 1 year
€21,472▼
2024 · €357,236
Income taxes
€27,083▲
2024 · €8,472
Staff costs
€34,789▼
2024 · €60,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,605 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.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €479,924 | €921,558 | €774,005 | €619,896 | €662,632 | ▲ 6.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €710,011 | €604,696 | €478,428 | €453,643 | ▼ 5.2% |
| Remuneration, social security and pensions62 | - | €47,816 | €64,852 | €60,851 | €34,789 | ▼ 42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,374 | €39,947 | €38,353 | €44,109 | €44,059 | ▼ 0.1% |
| Other operating charges640/8 | - | €48,882 | €29,305 | €6,897 | €2,272 | ▼ 67.1% |
| Gross operating margin9900 | €132,053 | €211,547 | €169,308 | €141,468 | €208,989 | ▲ 47.7% |
| Operating profit (loss)9901 | €57,132 | €74,902 | €36,799 | €29,611 | €127,869 | ▲ 332% |
| Financial income75/76B | - | €77 | €1,699 | €4,147 | €781 | ▼ 81.2% |
| Recurring financial income75 | - | €77 | €1,699 | €3,847 | €291 | ▼ 92.4% |
| Non-recurring financial income76B | - | €77 | - | €300 | €490 | ▲ 63.5% |
| Financial charges65/66B | - | €2,698 | €14,269 | €3,358 | €12,050 | ▲ 259% |
| Recurring financial charges65 | €11,155 | €2,698 | €14,269 | €3,358 | €12,050 | ▲ 259% |
| Profit (loss) for the period before taxes9903 | €45,977 | €72,281 | €24,229 | €30,400 | €116,600 | ▲ 284% |
| Income taxes67/77 | €11,250 | €20,163 | €51,909 | €8,472 | €27,083 | ▲ 220% |
| Profit (loss) for the period9904 | €34,727 | €52,118 | -€27,680 | €21,929 | €89,517 | ▲ 308% |
| Profit (loss) for the period to be appropriated9905 | €34,727 | €52,118 | -€27,680 | €21,929 | €89,517 | ▲ 308% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €2.0m | €1.5m | €1.2m | ▼ 16.0% |
| Fixed assets21/28 | €747,710 | €722,579 | €630,723 | €618,993 | €587,434 | ▼ 5.1% |
| Tangible fixed assets22/27 | €746,210 | €721,079 | €629,223 | €617,493 | €585,934 | ▼ 5.1% |
| Land and buildings22 | - | €709,613 | €627,272 | €590,675 | €554,079 | ▼ 6.2% |
| Furniture and vehicles24 | - | €5,463 | €1,952 | €26,818 | €31,856 | ▲ 18.8% |
| Other tangible fixed assets26 | - | €6,003 | - | - | - | - |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €477,374 | €481,431 | €1.4m | €857,814 | €653,355 | ▼ 23.8% |
| Stocks and contracts in progress3 | €320,163 | €420,488 | €282,227 | €169,206 | €161,947 | ▼ 4.3% |
| Stocks30/36 | - | €420,488 | €282,227 | €169,206 | €161,947 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €17,958 | €18,288 | €556,094 | €16,852 | €28,102 | ▲ 66.8% |
| Trade receivables40 | - | €9,575 | €556,094 | €14,299 | €13,000 | ▼ 9.1% |
| Other amounts receivable41 | - | €8,713 | - | €2,553 | €15,102 | ▲ 492% |
| Current investments50/53 | €269 | €269 | €555,291 | - | €420,275 | - |
| Cash at bank and in hand54/58 | €138,873 | €42,386 | €6,035 | €670,261 | €13,312 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | - | €764 | €1,495 | €29,720 | ▲ 1,888% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €2.0m | €1.5m | €1.2m | ▼ 16.0% |
| Equity10/15 | €129,863 | €181,981 | €187,481 | €209,410 | €243,212 | ▲ 16.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,700 | €18,700 | €18,700 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €109,403 | €161,521 | €166,921 | €188,850 | €222,652 | ▲ 17.9% |
| Amounts payable17/49 | €1.1m | €1.0m | €1.8m | €1.3m | €997,577 | ▼ 21.3% |
| Amounts payable after more than one year17 | €689,302 | €656,804 | €440,399 | €357,236 | €21,472 | ▼ 94.0% |
| Financial debts170/4 | - | €656,804 | €440,399 | €357,236 | €21,472 | ▼ 94.0% |
| Amounts payable within one year42/48 | €405,920 | €365,225 | €1.4m | €910,161 | €976,105 | ▲ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €34,888 | €89,860 | €86,512 | €83,575 | ▼ 3.4% |
| Trade debts44 | €114,846 | €243,048 | €844,749 | €194,839 | €250,549 | ▲ 28.6% |
| Suppliers440/4 | - | €243,048 | €844,749 | €194,839 | €250,549 | ▲ 28.6% |
| Taxes, remuneration and social security45 | - | €45,557 | €206,065 | €390,804 | €395,247 | ▲ 1.1% |
| Taxes450/3 | - | €20,164 | €147,208 | €306,073 | €382,870 | ▲ 25.1% |
| Remuneration and social security454/9 | - | €25,393 | €58,857 | €84,732 | €12,377 | ▼ 85.4% |
| Other amounts payable47/48 | - | €41,732 | €262,579 | €238,006 | €246,734 | ▲ 3.7% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,727 | €52,118 | -€27,680 | €21,929 | €89,517 | ▲ 308% |
| + Depreciation and write-downs630 | €38,374 | €39,947 | €38,353 | €44,109 | €44,059 | ▼ 0.1% |
| Operating cash flow (approximation) | €73,101 | €92,065 | €10,673 | €66,038 | €133,575 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€14,816 | - | -€32,379 | -€12,500 | ▲ 61.4% |
| Change in cash | - | -€96,487 | - | €664,226 | -€656,949 | ▼ 199% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €89,517 ▲308%
Operating result €127,869, net result €89,517, both a record.
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
2024
31-12
Financial
Back to profitnet €21,929
Net result €21,929 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €209,410 ▲11.7%
Equity rises from €187,481 to €209,410.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Weakest financial yearnet -€27,680
Net result drops to -€27,680, the lowest in the series; recovery starts the following year.
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 528 days late
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 158 days late
2021
31-12
Financial
Equity above €150,000Eq €181,981 ▲40.1%
2 profitable years in a row build equity to €181,981.
2020
31-12
Financial
Back to profitnet €34,727
Net result €34,727 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100,000Eq €129,863 ▲36.5%
Equity rises from €95,137 to €129,863.
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 119 days late
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 78 days late
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 87 days late
2015
04-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 96 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Jans-Molenbeek · 3 establishment units since 2011
Ground area
1,288 m²
Building footprint
1,256 m²
Volume, LiDAR
14,459 m³
3 parcels, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Gentsesteenweg 42-46, 1080 Sint-Jans-Molenbeek
since 20112.200.555.064
CRISTAL DESIGN
since 20112.302.678.446
MAXI SOLDE
since 20112.302.678.545
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0505/00T000 | Brussels | 842 m² | 1 · 856 m² | 16.6 m · 4 fl. |
| 21522B0625/00P000 | Brussels | 294 m² | 2 · 270 m² | 17.0 m · 4 fl. |
| 21522B0625/00N000 | Brussels | 152 m² | 1 · 130 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,723. 1,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837560356
Also
9925:BE0837560356
Registered
10-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.