PERFORMANCE
ActiveSummary
The computed 12-month bankruptcy probability of PERFORMANCE is 4.4% (elevated). The 2025 annual accounts show equity of €887 and a net result of €387. Its solvency ranks better than 28% of 22,080 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €887
- Profit
- €387
Why 38raises riskFounded in 2023Liquidity: current ratio 1.10lowers riskSize: total assets €10,121Figures for financial year 2025 (filed 17-06-2026)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 26% on solvency, 1% on liquidity, 34% on profitability and 90% on growth.
The bankruptcy probability was computed on 14-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 105 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Registered officeCorrection · Shareholding · Registered-office…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
2025 is the only financial year with figures: the operating result is €387.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Equity, Total assets.
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.1% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Gross operating margin9900 | - | €387 | - |
| Operating profit (loss)9901 | - | €387 | - |
| Profit (loss) for the period before taxes9903 | - | €387 | - |
| Profit (loss) for the period9904 | - | €387 | - |
| Profit (loss) for the period to be appropriated9905 | - | €387 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €500 | €10,121 | ▲ 1,924% |
| Current assets29/58 | €500 | €10,121 | ▲ 1,924% |
| Amounts receivable within one year40/41 | - | €10,121 | - |
| Trade receivables40 | - | €9,621 | - |
| Other amounts receivable41 | - | €500 | - |
| Cash at bank and in hand54/58 | €500 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €500 | €10,121 | ▲ 1,924% |
| Equity10/15 | €500 | €887 | ▲ 77.4% |
| Contributions10/11 | €500 | €500 | = |
| Profit (loss) carried forward14 | - | €387 | - |
| Amounts payable17/49 | - | €9,234 | - |
| Amounts payable within one year42/48 | - | €9,234 | - |
| Trade debts44 | - | €8,941 | - |
| Suppliers440/4 | - | €8,941 | - |
| Taxes, remuneration and social security45 | - | €293 | - |
| Taxes450/3 | - | €293 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | - | €387 | - |
| Operating cash flow (approximation) | - | €387 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00179381 |
| 31-12-2024 | micro format | 10-04-2026 | 2026-00077395 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- MUHAMMAD Pazir all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
20-11
Gazette deed
Registered officeCorrection · Shareholding · Registered-office move5 facts ▸
- Correction, “erreur matérielle”, 12-05-2023 (deed in French)
- Shareholding, MUHAMMAD Pazir
- Other provision, “souscription d'actions rectifiée” (deed in French)
- Board meeting, 18-11-2025
- Registered-office move, 1210 Saint Josse ten Noode,rue de la Commune,63
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 15 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21572B0588/00H008 | Brussels | 76 m² | 1 · 76 m² | 12.8 m · 3 |