Equity
-€28,684
Debts exceed assets in financial year 2025.
MAINLAND
Lifetime
7 annual accounts with figures on one time axispeak €7,263 (2024)
-€15,226▼ €22,488
lowest -€17,536 (2025)
-€17,536▼ €22,522
peak €29,395 (2019)
-€28,684▼ €18,395
€74,494▲ 44.6%
Board3 names since 2018
1 directorEL KHAOUI SORAYA
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from €7,263 to -€15,226Loss of €17,536Equity from -€10,289 to -€28,684Debts from €51,516 to €74,494Cash from €75 to €31
Key points
from the 2025 annual accountsDebts
€74,494 159% of the balance sheet
Position in the sector
-€28,684
Less equity than 90% of companies in telecommunications. Sector median €36,190 · 334 companies.
Checked score
35
Weak
Financially stronger than 5% of micro companies in telecommunications (NACE 61)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 527 companies (NACE 61, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.4%● unchanged vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.3%▼ -0.1 percentage points vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.4%▲ +0.1 percentage points vs 06-2025
08-2025: 2.4%● unchanged vs 07-2025
09-2025: 2.4%● unchanged vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.3%▼ -0.1 percentage points vs 01-2026
03-2026: 2.3%● unchanged vs 02-2026
04-2026: 2.2%▼ -0.1 percentage points vs 03-2026
05-2026: 2.1%▼ -0.1 percentage points vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026lowest value
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 3.9%▲ +1.8 percentage points vs 07-2026
09-2026: 4.8%▲ +0.9 percentage points vs 08-2026highest value
10-2026: 4.4%▼ -0.4 percentage points vs 09-2026
11-2026: 4.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€28,684
1 change of registered office in 24 months
Loss of €17,536 (financial year 2025)
lowers risk
Size: total assets €46,892
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 61, micro). It does better than 7% of them on solvency, 3% on liquidity, 8% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as MAINLAND has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAINLAND itself: 4.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for MAINLAND. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.44 (0.5 in 2024), below 1. Short-term debt is 158.9% and cash 0.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€28,684
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 23-06-2026, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
38 days early
2024
42 days early
2023
54 days early
2022
12 days early
2021
26 days late
2020
54 days late
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GHAILANI HASSANI ANASSE 20 sharesdeed of 23-07-2020
- EL KHAOUI SORAYA 80 sharesdeed of 23-07-2020
Recent changes
Registered office moved within Brussels
New registered office: Quai de Chantier 9, boite 1, 1000 Bruxelles · Previous registered office: Chaussée d’Anvers 17, boite 1000, 1000 Bruxelles · Resignation: EL KHAOUI Soraya (manager) · General meeting of 02-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0699482935
1 manager appointed, 2 resignations
Transfer of 55 shares from GHAILANI HASSANI ANASSE to EL KHAOUI SORAYA · Transfer of 25 shares from GHAILANI HASSANI ILIAS to EL KHAOUI SORAYA · Resignations: GHAILANI HASSANI ANASSE (manager) and GHAILANI HASSANI ILIAS (manager) · General meeting of 01-07-2020 · Gazette deed
Incorporation
Founders: GHAILANI HASSANI Ilias (fondateurs) and GHAILANI HASSANI Anasse (fondateurs) · Founding capital of €30,000, 100 shares · Appointments: GHAILANI HASSANI Ilias (manager) and GHAILANI HASSANI Anasse (manager) · published on 04-07-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAINLAND Brussels | €46,892 | -€15,226 | -61.2% | - |
| CargoSenso Zottegem | €54,660 | -€5,171 | 37.7% | - |
| GSM DOCTOR + ACCESSOIRES Ostend | €37,129 | €415 | 5.2% | - |
| ENDUCTIS Zottegem | €22,763 | -€3,112 | -59.4% | - |
| JAM&SAB Dilbeek | €62,416 | €1,814 | 68.3% | - |
| CONSULTIL Chapelle-lez-Herlaimont | €28,050 | -€28,827 | -51.4% | - |
| SHOGUN SERVICES Diest | €82,307 | -€30,199 | 59.8% | - |
These companies have the same main activity as MAINLAND: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €22,800 and €82,300, founded between 2014 and 2020.
Official details
Source: KBO- Status
- Active since 02-07-2018Normal situation
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100and 1 other
- Establishment unit
- 2.278.103.8911000 Brussels, since 02-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- €46,892▲ 9.9%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on MAINLAND
MAINLAND files the micro format. That format states no turnover. The gross margin fell from -€6,362 in 2019 to -€15,226 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAINLAND
- What is the company number of MAINLAND?
- The company number of MAINLAND is 0699.482.935. The VAT number is the same number with BE in front: BE 0699.482.935.
- Where is MAINLAND based?
- The registered office is at Werfkaai 9, 1000 Brussels.Company details
- What does MAINLAND do?
- According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
- What is the legal form of MAINLAND?
- MAINLAND is a private limited company (BV).
- When was MAINLAND founded?
- MAINLAND was founded on 02-07-2018.
- Is MAINLAND still active?
- Yes, MAINLAND is an active enterprise in the KBO register.
- What is the turnover of MAINLAND?
- The annual accounts for financial year 2025 state no turnover. In financial year 2020 turnover was €8,907.Financials
- Is MAINLAND profitable?
- In financial year 2025, MAINLAND made a loss of €17,536.
- Where can I find the annual accounts of MAINLAND?
- MAINLAND filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAINLAND due?
- MAINLAND must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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