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Complete company report
Generated 20-07-2026
Active BE 0837.664.482Private limited company (pre-2019)

MUMTAZ

· 15 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of MUMTAZ is 2.1% (moderate). The 2021 annual accounts show equity of €72k and a net result of €32k. Equity is growing by ~32% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €72k
Net result €32k
Active 15 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health84Profitability100Solvency63Growth61Stability100
82 / 100

Exceptional profile, strong across almost every axis.

Health 84
Profitability 100
Solvency 63
Growth 61
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.1% Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Annual accounts: weaker financial profile +Long track record −

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 3 signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
84 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 21-12-2022 with the NBB · fiscal year 2021 · micro
€-200k€0€200k€400k€600k€800kRevenue 2018: €780k€780kOperating result 2018: €5k€5kNet result 2018: €10k€10kRevenue 2019: €767k€767kOperating result 2019: €25k€25kNet result 2019: €26k€26kOperating result 2020: €-5k€-5kNet result 2020: €-5k€-5kOperating result 2021: €32k€32kNet result 2021: €32k€32k2018201920202021
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~32%/year over 4 fiscal years, indicative, assuming unchanged policy.
€25k€50k€75k€100k€125k2022: €86k (€80k - €91k)2023: €99k (€94k - €105k)2024: €113k (€107k - €119k)2018: €30k2019: €46k2020: €41k2021: €72k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€767k
-1.6% 18-21
EBITDA
€33k
- 18-21
Net profit
€32k
- 18-21
Cash flow
€33k
- 18-21
Total assets
€212k
-63.1% 18-21
Equity
€72k
+78.7% 18-21
Working capital
€61k
+119.5% 18-21
Employees (FTE)
3
-11.1% 18-21
Income taxes
€8k
+896.1% 18-21
Debt
€139k
-73.9% 18-21
Debt ≤ 1y
€135k
-74.5% 18-21
Debt > 1y
€5k
0.0% 18-21
Current ratio
1.45
+38.0% 18-21
Quick ratio
0.86
+39.0% 18-21
Solvency
34.2%
+384.8% 18-21
Debt / equity
1.92
-85.4% 18-21
ROE
44.0%
- 18-21
ROA
15.1%
- 18-21
Net margin
3.3%
+165.8% 18-21
EBITDA margin
3.5%
+284.1% 18-21
Interest coverage
163.38
- 18-21
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€33k
Net profit€32k
Cash flow€33k
Staff costs-
Income taxes-
Dividends-
Total assets€212k
Equity€72k
Debt€139k
of which ≤ 1y€135k
of which > 1y€5k
Working capital€61k
Employees (FTE)-
Ratios (computed)
2021
Current ratio1.45
Quick ratio0.86
Working capital ratio28.8%
Solvency34.2%
Debt / equity1.92
Long-term debt ratio0.06
Interest coverage163.38
Gross margin-
Net margin-
ROA15.1%
ROE44.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€212k
Fixed assets 21/28€16k
Intangible fixed assets 21€7k
Financial fixed assets 28€9k
Current assets 29/58€196k
Stocks & contracts in progress 3€80k
Amounts receivable within one year 40/41€40k
Cash & bank 54/58€76k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€212k
Equity 10/15€72k
Contributions / capital 10/11€19k
Reserves 13€3k
Accumulated profits (losses) 14€51k
Amounts payable 17/49€139k
Amounts payable after one year 17€5k
Amounts payable within one year 42/48€135k
Trade debts payable within one year 44€40k
Income statement
Gross operating margin 9900€34k
Operating result 9901€32k
Financial charges 65€204
Result before taxes 9903€32k
Net result for the period 9904€32k
Result to be appropriated 9905€32k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation07-07-2011
StatusActive
Postal code-
Establishment units 1 location
MUMTAZ
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20112.214.606.802
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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21305B0204/00M002 Brussels 83 m² 1 · 77 m² 19.1 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

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

2024
04-03-2024
State Gazette act Registered-office change
05-01-2024
State Gazette act Director changes
2023
21-09-2023
State Gazette act Registered-office change
2022
21-12-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
21-12-2022
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
02-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
20-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
23-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
18-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
27-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
09-09-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
20-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
21-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
Belgisch Staatsblad, acts 3 acts
Address history · 2
04-03-2024
Registered-office move
21-09-2023
Registered-office move
All acts · 3 updated 2 years ago
2024
04-03-2024 Registered office moved from La Louvière to Anderlecht Registered-office change
  • Rue Albert 1ºr Roi des Belges 62 -7100 La Louvière → Place Bara 01 - 1070 Anderlecht
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Place Bara 01 - 1070 Anderlecht",
        "city": "Anderlecht",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Place Bara",
        "country": "BE",
        "postcode": "1070",
        "box_number": null,
        "street_number": "01",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Rue Albert 1\u00BAr Roi des Belges 62 -7100 La Louvi\u00E8re",
        "city": "La Louvi\u00E8re",
        "region": "waals_gewest",
        "street": "Albert",
        "country": "BE",
        "postcode": "7100",
        "box_number": null,
        "street_number": "1",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": null,
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2024-02-20",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0837.664.482",
    "name_full": "MUMTAZ",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "REHMAN JAN Abid Hussain",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad",
    "Annexes du Moniteur-belge"
  ]
}
05-01-2024 1 director appointed, 2 resigning Director changes
  • NASIR lqbal, Gedelegeerd bestuurder
  • GHALAM SHAHI Mohammad, Gedelegeerd bestuurder
  • AMIRIAN Maisam, Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "GHALAM SHAHI Mohammad",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Mr. GHALAM SHAHI Mohammad cesse d\u0027\u00EAtre associ\u00E9e et d\u00E9missionne de son poste d\u0027Administrateur",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "AMIRIAN Maisam",
        "address": null,
        "birth_date": null,
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        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Mr. AMIRIAN Maisam cesse d\u0027\u00EAtre associ\u00E9. L\u0027assembl\u00E9e accepte sa d\u00E9m\u00EDssion.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "NASIR lqbal",
        "address": "Rue de la Petite Triperie 28 7000 Mons",
        "birth_date": "1987-06-21",
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Est admis comme associ\u00E9 Mr. NASIR lqbal, n\u00E9 le 21/06/1987 et r\u00E9sidant \u00E0 Rue de la Petite Triperie 28 7000 Mons.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "directeur",
      "person": {
        "rrn": null,
        "name": "NASIR Iqbal",
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Mr. NASIR Iqbal est nomm\u00E9 Administrateur. Le nouve! Administrateur est responsable de l\u0027actif et du passif, de la soci\u00E9t\u0117.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "board_snapshot",
      "role": "directeur",
      "person": {
        "rrn": null,
        "name": "NASIR Iqbal",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
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      "compensated": null,
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      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2023-12-26",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-12-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0837.664.482",
    "name_full": "MUMTAZ",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2023
21-09-2023 Registered office moved from Bruxelles to Anderlecht Registered-office change
  • Rue des Pierres 41 - 1000 Bruxelles → Rue Brogniez 68- 1070 Anderlecht
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Rue Brogniez 68- 1070 Anderlecht",
        "city": "Anderlecht",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Rue Brogniez",
        "country": "BE",
        "postcode": "1070",
        "box_number": null,
        "street_number": "68",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Rue des Pierres 41 - 1000 Bruxelles",
        "city": "Bruxelles",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Rue des Pierres",
        "country": "BE",
        "postcode": "1000",
        "box_number": null,
        "street_number": "41",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": null,
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-09-21",
    "filing_date": "2023-09-13",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2023-09-13",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0837.664.482",
    "name_full": "MUMTAZ",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Ghalam Shahi Mohammad Younos",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR MUMTAZ
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative