MUSTAFA WALI

Active

Private limited companyfounded 20224 yrs activeQuai du Halage 82, 4420 Saint-Nicolas, BelgiumKBO/BCE: BE 0788.988.892

Summary

The computed 12-month bankruptcy probability of MUSTAFA WALI is 3.4% (moderate). The 2025 annual accounts show negative equity (€-7k) and a net result of €-5k. Equity is shrinking by ~205.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 18280 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

26 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability6▲+2

Solvency4▼-13

Growth32=

Track record94

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.76 against 0.72 in 2024; short-term debt: 121.4% and cash: 29.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-21.4%

Return on assets

-15.5%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

232425

2023 to 2025 · latest year €-7k

Filed after the deadline

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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

31 d late

2024

30 d late

2023

149 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€308k

EBIT margin

-1.4%

Net result

€-5k▼ 78.0%

2024 · €-3k

2023: €-616 2024: €-3k

2023 → 2025

Working capital

€-9k▼ 33.9%

2024 · €-7k

2023: €-3k 2024: €-7k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Turnover€308k

Equity€884-€-2k€-7k▼ 263%

Operating result€-3k-€-3k▲ 13.3%€-4k▼ 50.7%

Net result€-616-€-3k▼ 344%€-5k▼ 78.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €4k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €31k

91.9%

Fixed assets €3k ▼ 49.7%

Current assets €29k ▲ 59.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-2k▼

2024 · €-1k

Cash flow

€-2k▼

2024 · €-1k

Solvency

-21.4%▼

2024 · -8.0%

Current ratio

0.76▲

2024 · 0.72

Quick ratio

0.25▼

2024 · 0.72

Debt to equity

-5.67▲

2024 · -13.53

ROA

-15.5%▼

2024 · -11.8%

Interest coverage

-2.64▼

2024 · -0.49

Debt

€38k▲

2024 · €25k

Debt ≤ 1 year

€38k▲

2024 · €25k

Staff costs

€33k▼

2024 · €41k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Balance sheet Code20242025

Assets

Total assets20/58€23k€31k▲

Fixed assets21/28€5k€3k▼

Intangible fixed assets21€2k€936▼

Tangible fixed assets22/27€3k€2k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€18k€29k▲

Stocks and contracts in progress3-€20k

Stocks30/36-€20k

Amounts receivable within one year40/41€2k-

Trade receivables40€2k-

Cash at bank and in hand54/58€16k€9k▼

Deferred charges and accrued income490/1-€148

Equity and liabilities

Total equity and liabilities10/49€23k€31k▲

Equity10/15€-2k€-7k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-3k€-8k▼

Amounts payable17/49€25k€38k▲

Amounts payable within one year42/48€25k€38k▲

Trade debts44-€1k

Suppliers440/4-€1k

Advances received on contracts in progress46€2k-

Taxes, remuneration and social security45€3k€18k▲

Taxes450/3€3k€3k▲

Remuneration and social security454/9-€15k

Other amounts payable47/48€21k€18k▼

Income statement Code20242025

Turnover70-€308k

Goods, raw materials, services and sundry goods60/61-€277k

Remuneration, social security and pensions62€41k€33k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲

Other operating charges640/8€1k€1k▼

Non-recurring operating charges66A-€1k

Gross operating margin9900€41k€33k▼

Operating profit (loss)9901€-3k€-4k▼

Financial income75/76B€2k-

Recurring financial income75€2k-

Financial charges65/66B€2k€645▼

Recurring financial charges65€2k€645▼

Profit (loss) for the period before taxes9903€-3k€-5k▼

Profit (loss) for the period9904€-3k€-5k▼

Profit (loss) for the period to be appropriated9905€-3k€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-3k€-8k▼

Profit (loss) brought forward from the previous period14P€-616€-3k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €-5k

Net result drops to €-5k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

27-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 149 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Saint-Nicolas · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Quai du Halage 824420 Saint-Nicolas

Ground area

151 m²

Building footprint

52 m²

Volume, LiDAR

547 m³

Parcel 62102B0001/00C003, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

TABAC SHOP

Quai du Halage 82, 4420 Saint-NicolasRetail trade

since 20222.333.799.214

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62102B0001/00C003	Wallonia	151 m²	1 · 52 m²	11.1 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Saint-Nicolas (Lg.)2.333.799.214

2 permissions

Toelating · Detailhandel · since 26-08-2022

Detailhandel LM>3 maand · since 03-08-2022

Similar companies · same sector, comparable size

EMEDOKAL DE JIRRAN

BE 0476.177.849

Sint-Gillis (bij-Brussel) · Eq €884

Cerfontaine · Eq €890

UNES

BE 0713.733.819

Vorst · Eq €869

Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-07-2022

Fiscal year end31-12

Activities, NACEBEL 2025

47110Non-specialised retail sale with food, beverages or tobacco predominating

47251Retail sale of wines and spirits

47252Retail sale of beverages, general range

47260Retail trade

47400Retail sale of information and communication equipment

92000Gambling and betting activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:mehrimran03@gmail.com

Enterprise

Phone:0467666137

Enterprise