Equity
€30,162 ▲ 1.6%
MAZAR has made a profit in every financial year since 2019.
MAZAR
Lifetime
7 annual accounts with figures on one time axispeak €11,357 (2020)
€6,734▲ 328%
peak €7,493 (2020)
€478▲ 7.4%
peak €30,162 (2025)
€30,162▲ 1.6%
€30,032▲ 24.9%
Board2 names since 2019
1 directorOMARY Shafiq
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €1,575 to €6,734Debts from €24,051 to €30,032
Key points
from the 2025 annual accountsFilings
7 annual accounts 7 late
The 2022 accounts came latest: 29 days after the end of the period.
Starting capital
€18,600 100 shares
Checked score
63
Healthy
Financially stronger than 42% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.6%▼ -0.1 percentage points vs 06-2025
08-2025: 2.1%▲ +0.5 percentage points vs 07-2025
09-2025: 1.6%▼ -0.5 percentage points vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.7%▲ +0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%● unchanged vs 04-2026
06-2026: 1.7%▼ -0.1 percentage points vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 1.5%▼ -1.1 percentage points vs 08-2026
10-2026: 1.4%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Size: turnover €246,675, total assets €60,195
Founded in 2019
Sector: Retail trade (NACE 47)
lowers risk
Figures for financial year 2025 (filed on 24-08-2026)
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 47, micro). It does better than 64% of them on solvency, 28% on liquidity, 40% on profitability and 37% 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 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).
Comparable companies, two years later
In July 2024, 5,047 companies had the same profile as MAZAR has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
That fits the bankruptcy probability of MAZAR itself: 1.4% 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 5,047 companies, not a prediction for MAZAR. 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
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.59 (1.55 in 2024), above the usual 1.5. Short-term debt is 49.9% and cash 4.2% of total assets. 49.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
24 days late
2024
26 days late
2023
28 days late
2022
29 days late
2021
26 days late
2020
6 days late
2019
28 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 24 days after the deadline. In the sector (NACE 47), 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 26 August (5 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
Recent changes
Change of role: OMARY Shafiq, from manager to director
Resignation: SAYED Mazum Shah (manager) · OMARY Shafiq holds all the shares · General meeting of 17-12-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0724482211
Appointment: SAYED Mazum Shah (manager)
OMARY Shafiq holds 95 shares · General meeting of 01-07-2019 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €10,000 paid up · Founders: OMARY Shafiq (constituant et comparant) and SAYED Mazum Shah (constituant et comparant) · Appointment: OMARY Shafiq (manager) · published on 05-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAZAR Uccle | €246,675 | 0.9% | 50.1% | - |
| KHAIRAT AL SHAM Anderlecht | €244,863 | 1.3% | 19.1% | - |
| LIBAN MARKET Brussels | - | - | 40.1% | - |
| J&J SHINE Jette | - | - | 23.0% | - |
| DAR.DISCOUNT Anderlecht | - | - | 59.7% | - |
| BINDAAS Charleroi | €738,510 | 0.7% | 56.3% | - |
| UNITED.BE Charleroi | - | - | 41.8% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MAZAR: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €46,500 and €78,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 03-04-2019Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.293.550.1521180 Uccle, since 03-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on MAZAR
MAZAR files the micro format. That format states no turnover. The gross margin rose from €3,617 in 2019 to €6,734 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 MAZAR
- What is the company number of MAZAR?
- The company number of MAZAR is 0724.482.211. The VAT number is the same number with BE in front: BE 0724.482.211.
- Where is MAZAR based?
- The registered office is at Hamstraat 110, 1180 Uccle.Company details
- What does MAZAR do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of MAZAR?
- MAZAR is a private limited company (BV).
- When was MAZAR founded?
- MAZAR was founded on 03-04-2019.
- Is MAZAR still active?
- Yes, MAZAR is an active enterprise in the KBO register.
- What is the turnover of MAZAR?
- The turnover of MAZAR was €246,675 in financial year 2025, according to the filed annual accounts.Financials
- Is MAZAR profitable?
- In financial year 2025, MAZAR made a profit of €478.
- Where can I find the annual accounts of MAZAR?
- MAZAR filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAZAR due?
- MAZAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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