MAHAN GROUP ENTERPRISES
ActiveSummary
MAHAN GROUP ENTERPRISES has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,027 and a net result of €45,098. Equity has been shrinking by about 3.6% per year since 2019. Its solvency ranks better than 20% of 261 sector peers (NACE 79, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Official details
Source: KBO- Status
- Active since 07-10-1993 Normal situation
- Activity
- Travel agency activities NACE 79110and 4 others
- Establishment unit
- 2.352.311.069 2060 Antwerp, since 01-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Board and ownership
- Ahmedzai MehboobManager
- Bhat Muhammad Muntizar MManager
- BABAKHIEL HashmatullaDirector
- Bhat Muhammad Muntizar100%deed of 31-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €62,109
- Turnover
- ≈ €170,000
- estimated
- Profit
- €45,098
- Equity
- €45,027
- Total assets
- €322,317
- 2024 accounts filed 63 days after the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 06-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 63 days late; 2 of the last 3 accounts latelowers riskFounded in 1993Liquidity: current ratio 1.09, cash €93,077Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 79, micro). It does better than 23% of them on solvency, 26% on liquidity and 81% on profitability.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
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Signals
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 79), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Key points
- Caution: Less equity than 87% of companies in travel agenciessector median €276,764 · 261 companies €45,027 View
Recent changes
- · Gazette deed Resignation: Babakhiel Hashmatullah (director)Transfer of shares from Babakhiel Hashmatullah to Bhat Muhammad Muntizar · Appointment: Bhat Muhammad Muntizar (director) · Bhat Muhammad Muntizar holds 100% of the shares
- · Gazette deed Company renamed from EDITART to MAHAN GROUP ENTERPRISESRegistered office moved within Antwerp · New registered office: Dambruggestraat 26, 2060 Antwerpen · Previous registered office: Carnotstraat 50, 2060 Antwerpen
- · Gazette deed Registered office moved within AntwerpTransfer of shares to Ahmedzai Mehboob · Transfer of shares to Bhat Muhammad Muntizar M · New registered office: Canotstraat 50 te 2060 Antwerpen
Comparable companies
These companies have the same main activity as MAHAN GROUP ENTERPRISES: travel agency activities (NACE 79110). They are comparable in size and age: total assets between €316,000 and €388,000, founded between 1989 and 2000.
| Company | Total assets | Gross margin |
|---|---|---|
| MAHAN GROUP ENTERPRISES Antwerp | €322,317 | €62,109 |
| DE KIEZEL Meerhout | €375,943 | €70,800 |
| VENNEN - CELIS Antwerp | €369,525 | €73,841 |
| TRAVEL DESIGN Antwerp | €387,721 | €68,773 |
| MAHE Laarne | €315,688 | €69,994 |
| REIZEN PLUS + Aalter | €343,373 | €87,688 |
| LEISURE BUSINESS TRAVEL ORGANISATION Koksijde | €344,577 | €39,825 |
Key facts about MAHAN GROUP ENTERPRISES
- What is the company number of MAHAN GROUP ENTERPRISES?
- The company number of MAHAN GROUP ENTERPRISES is 0451.098.597. The VAT number is the same number with BE in front: BE 0451.098.597.
- Where is MAHAN GROUP ENTERPRISES based?
- The registered office is at Dambruggestraat 26, 2060 Antwerp.Company details
- What does MAHAN GROUP ENTERPRISES do?
- According to the KBO register, the main activity is travel agency activities (NACE 79110).
- What is the legal form of MAHAN GROUP ENTERPRISES?
- MAHAN GROUP ENTERPRISES is a private limited company (BV).
- When was MAHAN GROUP ENTERPRISES founded?
- MAHAN GROUP ENTERPRISES was founded on 07-10-1993.
- Is MAHAN GROUP ENTERPRISES still active?
- Yes, MAHAN GROUP ENTERPRISES is an active enterprise in the KBO register.
- What is the turnover of MAHAN GROUP ENTERPRISES?
- The turnover in financial year 2024 is ≈ €170,000. This figure is estimated from the gross margin of €62,109 and 1,294 comparable companies of the same size. It probably lies between €110,000 and €330,000. It is a rough estimate.Financials
- Is MAHAN GROUP ENTERPRISES profitable?
- In financial year 2024, MAHAN GROUP ENTERPRISES made a profit of €45,098.
- Where can I find the annual accounts of MAHAN GROUP ENTERPRISES?
- MAHAN GROUP ENTERPRISES filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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