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Complete company report
Generated 15-08-2026
Active BE 0772.415.750Private limited company

NUMEN GROUP

Frankrijklei 5 ·2000 Antwerpen, Belgium· 5 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of NUMEN GROUP is 3.9% (moderate). The 2023 annual accounts show equity of €12k and a net result of €9k. Equity is growing by ~150.7% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €12k
Net result €9k
Active 5 yrs
Board 1
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health86Profitability100Solvency94Growth78Stability94
90 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 100
Solvency 94
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
3.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +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
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
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 2023 · computed
86 / 100 Excellent
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 2023. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 14-01-2025 with the NBB · fiscal year 2023 · micro
€0€5k€10kOperating result 2022: €161€161Net result 2022: €89€89Operating result 2023: €12k€12kNet result 2023: €9k€9k202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~150.7%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€10k€20k€30k2024: €17k (€16k - €18k)2025: €22k (€21k - €23k)2026: €26k (€25k - €27k)2021: €3k2022: €3k2023: €12k202120222023202420252026
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).

Net profit
€9k
+10210.7% 21-23
Total assets
€25k
+61.0% 21-23
Equity
€12k
+298.5% 21-23
Working capital
€12k
+298.5% 21-23
Staff costs
€17k
-39.6% 21-23
Income taxes
€2k
+5509.9% 21-23
Debt
€13k
+2.1% 21-23
Debt ≤ 1y
€13k
+2.1% 21-23
Current ratio
1.97
+57.6% 21-23
Quick ratio
1.97
+57.6% 21-23
Solvency
49.2%
+147.5% 21-23
Debt / equity
1.03
-74.4% 21-23
ROE
74.9%
+2487.2% 21-23
ROA
36.8%
+6303.3% 21-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit€9k
Cash flow-
Staff costs€17k
Income taxes€2k
Dividends-
Total assets€25k
Equity€12k
Debt€13k
of which ≤ 1y€13k
of which > 1y-
Working capital€12k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.97
Quick ratio1.97
Working capital ratio49.2%
Solvency49.2%
Debt / equity1.03
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA36.8%
ROE74.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€25k
Current assets 29/58€25k
Amounts receivable within one year 40/41€17k
Investments 50/53€8k
Cash & bank 54/58€547
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€25k
Equity 10/15€12k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€9k
Amounts payable 17/49€13k
Amounts payable within one year 42/48€13k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€29k
Operating result 9901€12k
Financial charges 65€184
Result before taxes 9903€12k
Income taxes 67/77€2k
Net result for the period 9904€9k
Result to be appropriated 9905€9k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • MUSTAFOV Mustafa
    Director
    State Gazette act 25061142 (13-05-2025)
    Current
    29-04-2025 → present
Former directors (1)
  • ALKAYYALI Mohammed
    Director
    State Gazette act 25061142 (13-05-2025)
    Former
    - → 29-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation10-08-2021
StatusActive
Postal code2000
Establishment units 1 location
numen group
Frankrijklei 5, 2000 AntwerpenGroothandel in andere intermediaire producten, n.e.g.
since 20212.320.842.190
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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1294/00A000
ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗
 Flanders 2,975 m² 1 · 2,664 m² 93.2 m · 7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 5 events

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

2025
13-05-2025
State Gazette act Capital & shares
14-01-2025
NBB filing Annual accounts filed
fiscal year 2023 · micro
2024
14-01-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
2023
02-03-2023
NBB filing Annual accounts filed
fiscal year 2021 · micro
2022
14-06-2022
State Gazette act Capital & shares
Belgisch Staatsblad, acts 2 acts
Capital history · 2
13-05-2025
Capital change
14-06-2022
Capital change
All acts · 2 updated 1 year ago
2025
13-05-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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      "kind": "eenhoofdigheid_declaration",
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        },
        {
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          "name": "Mevrouw AFNAN Albaz",
          "share_class": null,
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Luik",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-05-13",
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "act_date": "2025-04-29",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2025-04-29"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0772.415.750",
    "name_full": "NUMEN GROUP",
    "legal_form": "BV",
    "is_foreign_registered": false
  },
  "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": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "dhr. MUSTAFOV Mustafa",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
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    },
    {
      "kbo": null,
      "pct": null,
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      "name": "dhr. ALKAYYALI Mohammed",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
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      "name": "dhr. S.M. ALHADDAD Ahmed",
      "role": "aandeelhouder",
      "n_shares": 1,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Mevrouw AFNAN Albaz",
      "role": "aandeelhouder",
      "n_shares": 20,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2022
14-06-2022 All shares are now held by a single shareholder Capital & shares
Technical details 
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        },
        {
          "kbo": null,
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    {
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          "share_class": null,
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          "contribution_amount_eur": null
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Mvr Albaz Afnan",
          "share_class": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
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    "pub_date": null,
    "filing_date": "2022-06-07",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
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    "act_date": "2022-04-01",
    "unanimous": true,
    "under_authorized_capital": false,
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  },
  "bedrijfsrevisor": null,
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  "co_filed_documents": [],
  "shareholders_after": [
    {
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      "pct": 79.0,
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    },
    {
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    },
    {
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  "share_classes_after": [
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    }
  ]
}
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
Names & trade names
Legal nameNL NUMEN GROUP
Registered office
Frankrijklei 5
2000 Antwerpen, Belgium
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