KHORASSAN
Open bankruptcyA bankruptcy procedure is open for KHORASSAN according to publications in the Belgian State Gazette; curator: VIRGINIE SALTEUR.
Summary
The 2022 annual accounts show equity of €10k and a net result of €-8k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 24-08-2023, 24 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d late
2021
62 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€10k▼ 45.4%
2021 · €18k
2020: €15k
2021: €18k
2020 → 2022
Total assets
€11k▼ 41.7%
2021 · €18k
2020: €16k
2021: €18k
2020 → 2022
Net result
€-8k
2021 · €3k
2020: €9k
2021: €3k
2020 → 2022
Working capital
€4k▼ 59.4%
2021 · €10k
2020: €5k
2021: €10k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€15k-€18k▲ 20.1%€10k▼ 45.4%
Operating result€-6k-€3k€-8k
Net result€9k-€3k▼ 66.2%€-8k
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 2022: a loss of €8k after €3k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €11k
Fixed assets
€6k ▼ 29.5%
Current assets
€5k ▼ 52.3%
Equity and liabilities €11k
Equity
€10k ▼ 45.4%
Debt
€736 ▲ 694%
Debt's share of the balance-sheet total rises from 0.5% to 6.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2021 · €6k
Cash flow
€-6k▼
2021 · €6k
Current ratio
6.38
Debt to equity
0.07▲
2021 · 0.01
ROE
-83.1%▼
2021 · 16.7%
ROA
-77.4%▼
2021 · 16.6%
Interest coverage
-33.09▼
2021 · 22.89
Debt ≤ 1 year
€736▲
2021 · €93
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 33 lines
Balance sheet
Code20212022
Assets
Total assets20/58€18k€11k▼
Fixed assets21/28€9k€6k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€7k€5k▼
Current assets29/58€10k€5k▼
Stocks and contracts in progress3€303-
Stocks30/36€303-
Amounts receivable within one year40/41€6k€1k▼
Trade receivables40-€783
Other amounts receivable41€6k€662▼
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€18k€11k▼
Equity10/15€18k€10k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€12k€4k▼
Amounts payable17/49€93€736▲
Amounts payable within one year42/48€93€736▲
Trade debts44€43€687▲
Suppliers440/4€43€687▲
Taxes, remuneration and social security45€50€50=
Taxes450/3€50€50=
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€120€237▲
Gross operating margin9900€6k€-5k▼
Operating profit (loss)9901€3k€-8k▼
Financial charges65/66B€255€170▼
Recurring financial charges65€255€170▼
Profit (loss) for the period before taxes9903€3k€-8k▼
Profit (loss) for the period9904€3k€-8k▼
Profit (loss) for the period to be appropriated9905€3k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€4k▼
Profit (loss) brought forward from the previous period14P€9k€12k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL KHORASSAN AVENUE DE LA CHASSE 133-, 1040 ETTERBEEK · event 20-01-2025
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €-8k ▼372%
Net result drops to €-8k, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 62 days late
2021
31-12
Financial
Liquidity times 18current ratio 106.23
Current ratio from 5.78 to 106.23; short-term debt falls from €1k to €93.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
1 establishment unit since 2020
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.
Ground area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KHORASSAN
since 20202.300.108.144
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VIRGINIE SALTEUR AENUE DU CENTENAIRE 120,
1400 NIVELLES |
20-01-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2020
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.