SA
ActiveSummary
The computed 12-month bankruptcy probability of SA is 2.1% (moderate). The 2025 annual accounts show equity of €19,214 and a net result of €16,214. Its solvency ranks better than 67% of 22,793 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-07-2024 Normal situation
- Activity
- Retail sale of newspapers and periodicals NACE 47621and 2 others
- Establishment unit
- 2.361.805.686 2000 Antwerpen, since 09-07-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 01-07-2025
Board and ownership
Board
- HOQUE ShahidulDirector
- KHAN EmonDirector
Shareholders
- HOQUE Shahidul50 sharesact of 11-07-2024
- KHAN Emon50 sharesact of 11-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.1%
Annual accounts to 30-06-2025
- Gross margin
- €33,034
- Turnover
- ≈ €310,000
- estimated
- Profit
- €16,214
- Equity
- €19,214
- Total assets
- €36,254
- Employees on 30-06-2025
- 2
Score breakdownraises riskFounded in 2024Size: total assets €36,254Sector: Retail trade (NACE 47)lowers riskEquity €19,214 (53.0% of total assets)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 66% of micro companies in retail trade (NACE 47)
Financial strength
Strong
Solvency
78
equity 53.0% of total assets
Liquidity
39
short-term debt 47.0% · cash 9.6%
Profitability
100
return on assets 44.7%
Bankruptcy probability within 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 3.8%
09-2025: 3.8%● unchanged vs 08-2025
10-2025: 3.9%▲ +0.1 percentage points vs 09-2025
11-2025: 4.4%▲ +0.5 percentage points vs 10-2025
12-2025: 4.5%▲ +0.1 percentage points vs 11-2025highest value
01-2026: 2.4%▼ -2.1 percentage points vs 12-2025
02-2026: 2.5%▲ +0.1 percentage points vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.5%● unchanged vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.5%▼ -0.1 percentage points vs 07-2026
09-2026: 2.6%▲ +0.1 percentage points vs 08-2026
10-2026: 2.1%▼ -0.5 percentage points vs 09-2026lowest value
11-2026: 2.1%● unchanged vs 10-2026lowest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.76, above the usual 1.5. Short-term debt is 47% and cash 9.6% of total assets. 47% of the assets are financed with debt and provisions.
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 47, micro). It does better than 67% of them on solvency, 36% on liquidity and 96% on profitability.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
32 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-12-2025 at the NBB
Turnover
≈ €310,000
Estimated: probably between €170,000 and €510,000
Total assets
€36,254
Net result
€16,214
Working capital
€13,018
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €36,254
Fixed assets
€6,195
Current assets
€30,059
Equity and liabilities €36,254
Equity
€19,214
Debt
€17,040
Debt's share of the balance-sheet total is 47.0%.
Key figures and ratios
EBITDA
€23,357
Cash flow
€19,228
Current ratio
1.76
Quick ratio
0.20
Debt to equity
0.89
ROE
84.4%
ROA
44.7%
Interest coverage
over 100
Debt ≤ 1 year
€17,040
Income taxes
€4,053
Staff costs
€9,289
Staff
| Item | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 0 |
| part-time | 2 |
| in full-time equivalents | 1.3 |
| Average over the year, in full-time equivalents | 0.7 |
| On a permanent contract | 2 |
| Joined | 2 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 30-06-2025 |
|---|---|
| Tangible fixed assets | €9,210 |
| Depreciation and write-downs of the year | €3,014 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €9,289 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,014 |
| Other operating charges640/8 | €387 |
| Gross operating margin9900 | €33,034 |
| Operating profit (loss)9901 | €20,343 |
| Financial charges65/66B | €76 |
| Recurring financial charges65 | €76 |
| Profit (loss) for the period before taxes9903 | €20,267 |
| Income taxes67/77 | €4,053 |
| Profit (loss) for the period9904 | €16,214 |
| Profit (loss) for the period to be appropriated9905 | €16,214 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €36,254 | |
| Fixed assets21/28 | €6,195 | |
| Tangible fixed assets22/27 | €6,195 | |
| Plant, machinery and equipment23 | €6,195 | |
| Current assets29/58 | €30,059 | |
| Stocks and contracts in progress3 | €26,580 | |
| Stocks30/36 | €26,580 | |
| Cash at bank and in hand54/58 | €3,479 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €36,254 | |
| Equity10/15 | €19,214 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €16,214 | |
| Distributable reserves133 | €16,214 | |
| Amounts payable17/49 | €17,040 | |
| Amounts payable within one year42/48 | €17,040 | |
| Trade debts44 | €6,529 | |
| Suppliers440/4 | €6,529 | |
| Taxes, remuneration and social security45 | €9,185 | |
| Taxes450/3 | €7,840 | |
| Remuneration and social security454/9 | €1,345 | |
| Other amounts payable47/48 | €1,326 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €16,214 |
| + Depreciation and write-downs630 | €3,014 |
| Operating cash flow (approximation) | €19,228 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SA has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SA itself: 2.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for SA. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-12-2025 | 2025-00591888 |
Board & ownership
Directors
Directors
2 directors, since incorporation
HOQUE Shahidul
Current
Director · appointed in the act of 11-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-12-2025
KHAN Emon
Current
Director · appointed in the act of 11-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-12-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 11-07-2024Owners and capital
Shareholders
At incorporation
act of 11-07-2024 ↗
- HOQUE Shahidul 50 shares (50%) · €1,500
- KHAN Emon 50 shares (50%) · €1,500
Capital transactions
Capital over time
- 11-07-2024 Incorporation · €3,000 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| HOQUE Shahidul |
|
| KHAN Emon |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid met verworven aantal als meer dan één koper, geen beroep op…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 11-07-2024 (in Dutch)
Network & group
SA shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of SA. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2025
30-12
micro format · 32 days before the deadline
2024
19-09
Gazette deed
Registered office moved within AntwerpNew seat: Groenplaats 2, 2000 Antwerpen · Previous seat: Groenplaats 1, 2000 Antwerpen2 points ▸
Gazette deed
Registered office moved within Antwerp
New seat: Groenplaats 2, 2000 Antwerpen · Previous seat: Groenplaats 1, 2000 Antwerpen2 points ▸
- General meeting, 23-07-2024
- Registered-office move, Groenplaats 2, 2000 Antwerpen
11-07
Gazette deed
IncorporationStarting capital €3,000 · Appointments: HOQUE Shahidul (director) and KHAN Emon (director) · Founder: HOQUE Shahidul · Founder: KHAN Emon9 points ▸
Gazette deed
Incorporation
Starting capital €3,000 · Appointments: HOQUE Shahidul (director) and KHAN Emon (director) · Founder: HOQUE Shahidul · Founder: KHAN Emon9 points ▸
- Founder, HOQUE Shahidul
- Founder, KHAN Emon
- Founding capital, €3,000, 100 shares
- HOQUE Shahidul holds 50 shares
- KHAN Emon holds 50 shares
- Registered office clause, Groenplaats 1, 2000 Antwerpen
- Board rule, 2
- Director appointment, HOQUE Shahidul (director)
- Director appointment, KHAN Emon (director)
- The act holds 3 more points.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SA in Dutch
Enterprise number
1011.375.943
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-07-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-07-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 11-07-2024 (in Dutch)Registered office and establishments
Registered office
Groenplaats 2, 2000 Antwerpen, Belgium
Establishment unit
SA, Groenplaats 2, 2000 Antwerpen since 09-07-2024 · unit number 2.361.805.686
Activities
NACEBEL 2025VAT activities
47621
Retail sale of newspapers and periodicals main activity
47110
Non-specialised retail sale with food, beverages or tobacco predominating
47260
Retail trade
Social security (RSZ) activities
47621
Retail sale of newspapers and periodicals main activity
Codes under NACEBEL 2008
47620
Retail trade main activity
47112
Retail trade
47260
Retail trade
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 11-07-2024 (in Dutch)
“Uitbating van een dagwinkel; Uitbating van detailhandel(winkel); Uitbating van supermarkt; Verkopen van geschenken; Groente-en fruitwinkel…”
42 activities
- Uitbating van een dagwinkel;
- Uitbating van detailhandel(winkel);
- Uitbating van supermarkt;
- Verkopen van geschenken;
- Groente-en fruitwinkel;
- Buurtwinkel;
- Krantenwinkel;
- Import en export,klein-en groothandel van diverse handelsgoederen,zowel food als non-food producten;
- Het uitbaten van een telefoonwinkel,een internetcafé,de import-en export,de aan-en verkoop,de groot-en kleinhandel,de research,de ontwikkeling en productie van hard-en software,computers en toebehoren,telefoontoestellen,gsm’s en alle aanverwante artikelen,alle elektrische en elektronische apparaten alsook hun toebehoren;
- Uitbating van een dagbladhandel;
- Uitbating van een telefoonwinkel;
- Uitbating van een taverne;
- Uitbating van een restaurant;
- Uitbating van een snackbar;
- Café;
- Danscafé;
- Discotheek;
- Eetcafé;
- Uitbating nachtwinkel;
- Handel van goederen zonder nadere specificatie;
- Bemiddeling in de verkoop van goederen;
- Uitbaten van een horecazaak:restaurant,snackbar,broodjeszaak,frituur,pitarestaurant,café,bar,taverne,en alle aanverwante activiteiten;
- Verkoop van pita’s,pizza’s,belegde broodjes,sandwiches,gebakjes,koffiekoeken,taartjes,croques,wafels,pannenkoeken,frisdranken,alcoholische dranken,enz.zowel voor consumptie ter plaatse als om mee te nemen en/of thuisbezorging;
- Verkoop aan de toog van eetwaren en dranken die ook ter plaatse verbruikt kunnen worden en,in het algemeen in een wegwerpverpakking aangeboden worden in snelbuffetten zoals snackbars,sandwichbars,hamburgerrestaurants,frietkramen,hotdoginstallaties,pitarestaurants,pizzeria’s,ijssalons,tea-rooms,enz.;
- Detailhandel in allerlei producten via het internet(e-commerce);
- De bemiddeling bij de aan-en verkoop van bedrijven,aan-en verkoop van handelsfondsen.
- Het bemiddelen als tussenpersoon in de handel op commissie of onder een handelsagentuur in alle mogelijke artikelen en activiteiten zonder enige beperking.
- De activiteiten van een holdingvennootschap,het verwerven,beheren en vervreemden van deelnemingen en participaties in alle bestaande of nog op te richten vennootschappen,ook deze met een verschillend maatschappelijk doel,alsook alle investerings-en financiële verrichtingen,behalve deze voorbehouden aan deposito-en spaarbanken.
- Het waarnemen en uitoefenen van allerhande bestuursopdrachten en mandaten.
- Managementactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het kapitaal,enz.;
- Verhuur van roerende en onroerende goederen.
- Aan-en verkoop roerende en onroerende goederen;
- Aan-en verkoop van menigvuldige goederen.
- Het verkopen op commissie.
- Tussenpersoon in de handel.
- Managementbeheer.
- Handelsbemiddeling.
- Voor eigen rekening:Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen;de aan-en verkoop,huur en verhuur van roerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van roerende en onroerende goederen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verplichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen;
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borgstellen of haar aval verlenen,in de meest ruime zin,alle handels-en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen;
- Het uitoefenen van de functie van bestuurder,gedelegeerd bestuurder,directeur of andere leidende en uitvoerende functies,al dan niet bezoldigd in alle vormen,ook buitenlandse,van vennootschappen,verenigingen of samenwerkingsverbanden zowel in België als in het buitenland.
- Alle vormen van consultancy en adviesverlening,voor zover deze niet voorbehouden zijn aan de gereglementeerde beroepen,tenzij de vennootschap zelf voldoet aan de wettelijke vereisten terzake;
Invoicing and payment
VAT number
BE 1011.375.943
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of December at 14:00
deed of 11-07-2024 (in Dutch)Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpenunit number 2.361.805.686
Sites & property
Location
Buildings and parcels at the address
Ground area
385 m²
Building footprint
339 m²
Building volume
6,082 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11803C2099/00C000 | Flanders | 385 m² | 1 · 339 m² | 20.9 m · 6 |