SHABAD
ActiveSummary
The computed 12-month bankruptcy probability of SHABAD is 4.7% (elevated). The 2025 annual accounts show equity of €42k and a net result of €-4k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 4603 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-71
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
short-term debt: 0.8% and cash: 26.4% of total assets, and 0.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
99.2%
Return on assets
-10.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
15 d early
2022
20 d early
2021
19 d early
2020
29 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 9.7%
2024 · €46k
2019: €31k
2020: €29k
2021: €33k
2022: €38k
2023: €41k
2024: €46k
2019 → 2025
Total assets
€42k▼ 14.5%
2024 · €49k
2019: €37k
2020: €34k
2021: €42k
2022: €41k
2023: €44k
2024: €49k
2019 → 2025
Net result
€-4k
2024 · €6k
2019: €19k
2020: €-2k
2021: €-2k
2022: €5k
2023: €3k
2024: €6k
2019 → 2025
Working capital
€38k▼ 3.3%
2024 · €39k
2019: €31k
2020: €25k
2021: €29k
2022: €20k
2023: €29k
2024: €39k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€38k▲ 15.8%€41k▲ 7.2%€46k▲ 14.3%€42k▼ 9.7%
Operating result€-1k-€7k€5k▼ 22.0%€10k▲ 78.3%€-3k
Net result€-2k-€5k€3k▼ 47.3%€6k▲ 114%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€4k ▼ 51.7%
Current assets
€38k ▼ 7.6%
Equity and liabilities €42k
Equity
€42k ▼ 9.7%
Debt
€339 ▼ 88.8%
Debt's share of the balance-sheet total falls from 6.1% to 0.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1k▼
2024 · €15k
Cash flow
€-331▼
2024 · €11k
Quick ratio
33.95▲
2024 · 15.16
Debt to equity
0.01▼
2024 · 0.06
ROE
-10.7%▼
2024 · 12.5%
ROA
-10.7%▼
2024 · 11.8%
Interest coverage
0.79▼
2024 · 8.01
Debt ≤ 1 year
€339▼
2024 · €2k
Income taxes
€0▼
2024 · €2k
A ratio outside any meaningful range has been withheld (balance sheet total €42k, equity €42k).
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€42k▼
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€4k€0▼
Furniture and vehicles24€4k€0▼
Financial fixed assets28€4k€4k▲
Current assets29/58€42k€38k▼
Stocks and contracts in progress3€8k€27k▲
Stocks30/36€8k€27k▲
Amounts receivable within one year40/41€14k€349▼
Trade receivables40€14k€0▼
Other amounts receivable41-€349
Cash at bank and in hand54/58€20k€11k▼
Equity and liabilities
Total equity and liabilities10/49€49k€42k▼
Equity10/15€46k€42k▼
Contributions10/11€19k€19k=
Reserves13€28k€23k▼
Distributable reserves133€28k€23k▼
Amounts payable17/49€3k€339▼
Amounts payable within one year42/48€2k€339▼
Trade debts44€86€339▲
Suppliers440/4€86€339▲
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Accrued charges and deferred income492/3€806€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€18k€3k▼
Operating profit (loss)9901€10k€-3k▼
Financial income75/76B€0€16▲
Recurring financial income75€0€16▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€8k€-4k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€6k€-4k▼
Profit (loss) for the period to be appropriated9905€6k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-4k▼
Transfer from equity791/2-€4k
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-4k ▼177%
Net result drops to €-4k, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 113.52
Current ratio from 18.87 to 113.52; short-term debt falls from €2k to €339.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 8.26
Current ratio from 4.13 to 8.26; short-term debt falls from €9k to €3k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Hasselt · 3 establishment units since 2019
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.
Dorpsstraat 293720 HasseltGround area
1,703 m²
Building footprint
501 m²
Volume, LiDAR
2,135 m³
3 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Shabad bvba / Nachtwinkel
since 20192.289.074.789
Stevoort dagwinkel
since 20232.350.908.826
Kortessem Dagwinkel
since 20252.367.994.484
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73040C0879/00P000 | Flanders | 953 m² | 1 · 89 m² | 12.5 m · 3 fl. |
| 71055A0247/00D000 | Flanders | 401 m² | 1 · 173 m² | - |
| 73040C0853/00S000 | Flanders | 349 m² | 1 · 239 m² | 13.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
3 sitesHasselt2.289.074.789
Hasselt2.350.908.826
Hasselt2.367.994.484
Similar companies · same sector, comparable size
MONDO TRANS
BE 0760.574.822
Nivelles · Eq €41,855
BB MIKO
BE 0797.459.071
Wemmel · Eq €41,828
DAL TRANS CONSTRUCT
BE 0777.764.806
Lebbeke · Eq €41,864
InBusiness
BE 0772.488.006
Deinze · Eq €41,811
BCS SERVICES
BE 0769.994.809
Zaventem · Eq €41,804
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 5,870 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
Founded27-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
47110Non-specialised retail sale with food, beverages or tobacco predominating
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:rkaur5214@gmail.com