MAHZEESH
InactiveMAHZEESH was declared bankrupt on 29-04-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 01-07-2025, published in the Belgian State Gazette on 11-07-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2016.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 16-08-2017, 16 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2016, full schema
Turnover
€208k▲ 6.2%
2014 · €196k
2012: €192k
2013: €162k
2014: €196k
2012 → 2015
EBIT margin
-0.9%▼ 0.2pp
2014 · -0.7%
2012: 5.0%
2013: -1.6%
2014: -0.7%
2012 → 2015
Net result
€-16k▼ 425%
2015 · €-3k
2012: €9k
2013: €-3k
2014: €-3k
2015: €-3k
2012 → 2016
Working capital
€-34k▼ 81.8%
2015 · €-19k
2012: €-29k
2013: €-29k
2014: €-28k
2015: €-19k
2012 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Turnover€192k-€162k▼ 15.8%€196k▲ 21.0%€208k▲ 6.2%
Equity€-20k-€-24k▼ 17.1%€-27k▼ 13.8%€-18k▲ 34.9%€-33k▼ 88.6%
Operating result€10k-€-3k€-1k▲ 44.9%€-2k▼ 31.9%€-13k▼ 566%
Net result€9k-€-3k€-3k▲ 5.9%€-3k▲ 9.3%€-16k▼ 425%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2016 against €2k in 2015; the loss grows and 2016 has the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €63k
Fixed assets
€606▼ 38.6%
Current assets
€62k▲ 9.2%
Key figures and ratios
EBITDA
€-12k▼
2015 · €-2k
Cash flow
€-15k▼
2015 · €-3k
Solvency
-53.0%▼
2015 · -30.5%
Current ratio
0.65▼
2015 · 0.75
Quick ratio
0.02▼
2015 · 0.12
ROA
-24.9%▼
2015 · -5.1%
Debt
€96k▲
2015 · €75k
Debt ≤ 1 year
€96k▲
2015 · €75k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2016 against 2015
Balance sheet
Code20152016
Assets
Total assets20/58€58k€63k▲
Fixed assets21/28€988€606▼
Tangible fixed assets22/27€988€606▼
Current assets29/58€57k€62k▲
Stocks and contracts in progress3€48k€60k▲
Amounts receivable within one year40/41€9k€2k▼
Equity and liabilities
Total equity and liabilities10/49€58k€63k▲
Equity10/15€-18k€-33k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-36k€-52k▼
Amounts payable17/49€75k€96k▲
Amounts payable within one year42/48€75k€96k▲
Trade debts44€123€25k▲
Income statement
Code20152016
Turnover70€208k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€382€382=
Gross operating margin9900€8k€-12k▼
Operating profit (loss)9901€-2k€-13k▼
Recurring financial income75-€0
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-3k€-16k▼
Profit (loss) for the period9904€-3k€-16k▼
Profit (loss) for the period to be appropriated9905€-3k€-16k▼
Timeline · acts, filings and financial milestones
2025
11-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · MAHZEESH RUE PICARD 11, 1000 BRUXELLES. déclarée le 29 avril 2024 · event 01-07-2025
2024
07-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · MAHZEESH RUE PICARD 11, 1000 BRUXELLES · event 29-04-2024
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
2016
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 31 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 31 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
29-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 29 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE DE LA TOISON D’OR 77,
1060 SAINT-GILLES |
29-04-2024 → present |