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Generated 22-08-2026
Active BE 1006.264.043Private limited company

Mastan & Nidaal

Hogeweg 18 ·2600 Antwerpen, Belgium· 2 yrs active
Sector: Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden (56112)
Conclusion Checked

The computed 12-month bankruptcy probability of Mastan & Nidaal is 7.6% (elevated). The 2024 annual accounts show negative equity (€-17k) and a net result of €-19k. Its solvency ranks better than 19% of 5651 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-17k
Net result €-19k
Staff (FTE) 1.2
Better than sector 19%
Financial profile 4 of 5 axes measured · computed by Checked
Health10Profitability100Solvency33Growth-Stability67
52 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10
Profitability 100
Solvency 33
Growth -
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
7.6% Elevated
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
10 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -30.6% 19.3%
better than 19% of 5651 sector peers
Net result €-19k €4k
better than 14% of 5639 sector peers
Equity €-17k €14k
better than 18% of 5663 sector peers
Gross operating margin €12k €52k
better than 25% of 5625 sector peers
Staff costs €23k €49k
higher than 31% of 4089 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-14k
Net profit€-19k
Cash flow€-16k
Staff costs€23k
Income taxes-
Dividends-
Total assets€56k
Equity€-17k
Debt€73k
of which ≤ 1y€70k
of which > 1y-
Working capital€-56k
Employees (FTE)1.2
Ratios (computed)
2024
Current ratio0.20
Quick ratio0.18
Working capital ratio-99.4%
Solvency-30.6%
Debt / equity-4.27
Long-term debt ratio-
Interest coverage-8.51
Gross margin-
Net margin-
ROA-34.2%
ROE111.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€56k
Fixed assets 21/28€42k
Intangible fixed assets 21€42k
Tangible fixed assets 22/27€462
Current assets 29/58€14k
Stocks & contracts in progress 3€1k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€56k
Equity 10/15€-17k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€-19k
Amounts payable 17/49€73k
Amounts payable within one year 42/48€70k
Trade debts payable within one year 44€12k
Income statement
Gross operating margin 9900€12k
Operating result 9901€-18k
Financial income 75€74
Financial charges 65€2k
Result before taxes 9903€-19k
Net result for the period 9904€-19k
Result to be appropriated 9905€-19k
Ratios computed by Checked.
Legal Structure
NACE primary Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form Private limited company(610)
Incorporation21-02-2024
StatusActive
Postal code2600
Establishment units 1 location
De Zoete Verleiding
Vlasmarkt 27A, 2000 AntwerpenEetgelegenheden met beperkte bediening
since 20242.356.843.741
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11804D0233/00X000
ProtectedMonumentTraditioneel diephuis: voorgevel, bedaking en kelderSource ↗
 Flanders 620 m² 1 · 230 m² 20.3 m · 5 fl.
11003B0188/00N006 Flanders 106 m² 1 · 55 m² 11.7 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
17-03-2026
State Gazette act Director changes
v3.2
2025
29-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
15-04-2024
State Gazette act Registered-office change
v3.2
23-02-2024
State Gazette act Incorporation
oprichting
Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts
Address history · 1
15-04-2024
v3.2
All acts · 3 updated 5 months ago
2026
17-03-2026 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.264.043",
    "name_full": "MASTAN \u0026 NIDAAL",
    "legal_form": "BV"
  }
}
2024
15-04-2024 Registered office moved from Antwerpen to Antwerpen - Berchem Registered-office change
  • Grotebeerstraat 26, 2018 Antwerpen → Hogeweg 18, 2600 Antwerpen - Berchem
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Antwerpen - Berchem",
        "region": null,
        "street": "Hogeweg",
        "country": "BE",
        "postcode": "2600",
        "box_number": null,
        "street_number": "18"
      },
      "old_address": {
        "city": "Antwerpen",
        "region": null,
        "street": "Grotebeerstraat",
        "country": "BE",
        "postcode": "2018",
        "box_number": null,
        "street_number": "26"
      },
      "effective_date": "2024-03-01",
      "evidence_quote": "De vergadering beslist dat de zetel van de vennootschap zal worden verplaatst van Grotebeerstraat 26, 2018 Antwerpen naar Hogeweg 18, 2600 Antwerpen - Berchem, en dit vanaf 01/03/2024."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.264.043",
    "name_full": "MASTAN \u0026 NIDAAL",
    "legal_form": "BV"
  }
}
23-02-2024 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "2018 Antwerpen, Grotebeerstraat 26",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Mevrouw VAN DE VELDE, Mastan",
        "niss": null,
        "address": "2600 Antwerpen-Berchem, Hogeweg 18"
      },
      "share_class": "A",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 1000,
      "holder_person_name": "Mevrouw VAN DE VELDE, Mastan",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 1000,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "Mevrouw EL SABBAGH, Nidaal",
        "niss": null,
        "address": "2018 Antwerpen, Grotebeerstraat 26"
      },
      "share_class": "A",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 1000,
      "holder_person_name": "Mevrouw EL SABBAGH, Nidaal",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 1000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 2000,
  "subject_company": {
    "kbo": "1006.264.043",
    "name_full": "Mastan \u0026 Nidaal",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2024-02-19",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameNL Mastan & Nidaal
Registered office
Hogeweg 18
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative