Equity
-€12,262
Debts exceed assets in financial year 2025.
MUMTAZ
Lifetime
10 annual accounts with figures on one time axispeak €149,504 (2025)
€149,504▲ 77.3%
lowest -€79,930 (2021)
€36,268▲ 12.1%
peak €8,958 (2016)
-€12,262▲ €36,268
€44,220▼ 57.0%
peak 1 FTE (2016)
-not published
Board3 names since 2020
3 directorsUsman Kuda Khil and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €84,334 to €149,504Appointment: Muhsin Kuda Khil (additional director) 02-01Equity from -€48,530 to -€12,262Debts from €102,925 to €44,220
Key points
from the 2025 annual accountsTurnover
≈ €370,000 estimated
The accounts state no turnover.
Debts
€44,220 138% of the balance sheet
Financial debts 12%Taxes and wages 54%Other 35%
Staff
2 employees on 31-12-2025
In 2025, 13 people joined and 15 left.
Filings
10 annual accounts 7 late
The 2017 accounts came latest: 814 days after the end of the period.
Position in the sector
-38.4%
Lower solvency than 91% of companies in land transport. Sector median 37.7% · 5,946 companies.
Checked score
37
Weak
Financially stronger than 44% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.9%
01-2025: 4.9%● unchanged vs 12-2024
02-2025: 4.9%● unchanged vs 01-2025
03-2025: 5.0%▲ +0.1 percentage points vs 02-2025
04-2025: 5.0%● unchanged vs 03-2025
05-2025: 4.6%▼ -0.4 percentage points vs 04-2025
06-2025: 4.5%▼ -0.1 percentage points vs 05-2025
07-2025: 4.5%● unchanged vs 06-2025
08-2025: 3.6%▼ -0.9 percentage points vs 07-2025
09-2025: 3.6%● unchanged vs 08-2025
10-2025: 3.6%● unchanged vs 09-2025
11-2025: 3.6%● unchanged vs 10-2025
12-2025: 3.6%● unchanged vs 11-2025
01-2026: 3.6%● unchanged vs 12-2025
02-2026: 3.6%● unchanged vs 01-2026
03-2026: 3.5%▼ -0.1 percentage points vs 02-2026
04-2026: 3.5%● unchanged vs 03-2026
05-2026: 3.0%▼ -0.5 percentage points vs 04-2026lowest value
06-2026: 5.6%▲ +2.6 percentage points vs 05-2026
07-2026: 5.8%▲ +0.2 percentage points vs 06-2026
08-2026: 7.0%▲ +1.2 percentage points vs 07-2026highest value
09-2026: 5.4%▼ -1.6 percentage points vs 08-2026
10-2026: 5.5%▲ +0.1 percentage points vs 09-2026
11-2026: 5.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Sector: Land transport and transport via pipelines (NACE 49)
Liquidity: current ratio 0.06
1 change of registered office in 24 months
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 49, micro). It does better than 5% of them on solvency, 1% on liquidity, 84% on profitability and 86% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 3,632 companies had the same profile as MUMTAZ has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MUMTAZ itself is higher: 5.5% within 12 months. It rests on far more data about MUMTAZ than the profile alone.
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 3,632 companies, not a prediction for MUMTAZ. 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 0.06 (0.08 in 2024), below 1. Short-term debt is 138.4% 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.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 5946 sector peers (2025).
NBB · sector comparisonPosition among 5946 sector peers
Solvency
better than 8%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
3 days early
2023
50 days late
2022
13 days early
2021
12 days early
2020
258 days late
2019
145 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 65 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 28 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Antwerp to Deurne
New registered office: Ter Heydelaan 350 bus 202, 2100 Deurne · Previous registered office: Ter Heydelaan 350 bus 9, 2100 Antwerpen · Resignation: Muhsin Kuda Khil (director) · General meeting of 22-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0643483152
Appointment: Muhsin Kuda Khil (additional director)
General meeting of 01-11-2024 · Gazette deed
Registered office moved from Diksmuide to Deurne
New registered office: Ter Heydelaan 350 bus 9-2100 Deurne · Previous registered office: Generaal Baron Jacquesstraat 18-8600 Diksmuide · General meeting of 01-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MUMTAZ Antwerp | - | - | -38.4% | - |
| LOUV INVEST La Louvière | - | - | 29.7% | - |
| ACTIVE TAXI Liège | - | - | -22.7% | - |
| BBC & Co Koekelberg | - | - | -347.0% | - |
| CABITAR Ixelles | €209,733 | 1.3% | -17.9% | - |
| J.L. TAX Brussels | - | - | -17.3% | - |
| TAXI ECO Charleroi | €134,829 | -3.6% | 43.2% | - |
These companies have the same main activity as MUMTAZ: on-demand passenger transport by chauffeured vehicle (NACE 49330). They are comparable in size and age: total assets between €36,700 and €44,500, founded between 2009 and 2019.
Official details
Source: KBO- Status
- Active since 19-11-2015Normal situation
- Activity
- On-demand passenger transport by chauffeured vehicleNACE 49330and 4 others
- Joint committees
- 140Transport and logistics
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.249.788.2072100 Antwerp, since 19-11-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 20-04-2026
Annual accounts 2025
- €31,957▼ 41.2%
- Employeeson 31-12-2025
- 2▼ 50.0%
- Filing
- Filed on 31-08-2026
Insights on MUMTAZ
MUMTAZ files the micro format. That format states no turnover. The gross margin rose from €19,935 in 2016 to €149,504 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 MUMTAZ
- What is the company number of MUMTAZ?
- The company number of MUMTAZ is 0643.483.152. The VAT number is the same number with BE in front: BE 0643.483.152.
- Where is MUMTAZ based?
- The registered office is at Ter Heydelaan 350, 2100 Antwerp.Company details
- What does MUMTAZ do?
- According to the KBO register, the main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330).
- What is the legal form of MUMTAZ?
- MUMTAZ is a private limited company (BV).
- When was MUMTAZ founded?
- MUMTAZ was founded on 19-11-2015.
- Is MUMTAZ still active?
- Yes, MUMTAZ is an active enterprise in the KBO register.
- How many employees does MUMTAZ have?
- MUMTAZ had an average of 2.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MUMTAZ fall under?
- In its 2025 annual accounts, MUMTAZ states joint committees 140 (Transport and logistics) and 201 (Independent retail).
- What is the turnover of MUMTAZ?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €149,504 and 86 comparable companies (NACE 49). It probably lies between €290,000 and €510,000.
- Is MUMTAZ profitable?
- In financial year 2025, MUMTAZ made a profit of €36,268.
- Where can I find the annual accounts of MUMTAZ?
- MUMTAZ filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MUMTAZ due?
- MUMTAZ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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