SHADI GROUP
InactiveSHADI GROUP was declared bankrupt on 24-01-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 24-02-2026, published in the Belgian State Gazette on 05-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-10-2021, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
92 d late
2019
117 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2020, micro schema
Turnover
€16k▼ 19.9%
2018 · €19k
2018: €19k
2018 → 2019
EBIT margin
-12.2%▲ 14.8pp
2018 · -26.9%
2018: -26.9%
2018 → 2019
Net result
€-3k▼ 69.8%
2019 · €-2k
2018: €-5k
2019: €-2k
2018 → 2020
Working capital
€-3k▼ 392%
2019 · €-645
2018: €-982
2019: €-645
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€19k-€16k▼ 19.9%
Equity€879-€418▼ 52.5%€-3k
Operating result€-5k-€-2k▲ 63.8%€-3k▼ 73.2%
Net result€-5k-€-2k▲ 63.1%€-3k▼ 69.8%
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 €3k in 2020 against €2k in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €3k
Fixed assets
€266 ▼ 75.0%
Current assets
€2k ▲ 68.2%
Key figures and ratios
EBITDA
€-2k▼
2019 · €-1k
Cash flow
€-3k▼
2019 · €-1k
Debt
€6k▲
2019 · €2k
Debt ≤ 1 year
€6k▲
2019 · €2k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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 · 2020 against 2019 · 20 lines
Balance sheet
Code20192020
Assets
Total assets20/58€2k€3k▲
Fixed assets21/28€1k€266▼
Tangible fixed assets22/27€1k€266▼
Current assets29/58€1k€2k▲
Amounts receivable within one year40/41-€460
Cash at bank and in hand54/58€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2k€3k▲
Equity10/15€418€-3k▼
Contributions10/11€8k€8k=
Profit (loss) carried forward14€-7k€-11k▼
Amounts payable17/49€2k€6k▲
Amounts payable within one year42/48€2k€6k▲
Income statement
Code20192020
Turnover70€16k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€798€798=
Gross operating margin9900€2k€535▼
Operating profit (loss)9901€-2k€-3k▼
Recurring financial charges65€71€56▼
Profit (loss) for the period before taxes9903€-2k€-3k▼
Profit (loss) for the period9904€-2k€-3k▼
Profit (loss) for the period to be appropriated9905€-2k€-3k▼
Timeline · acts, filings and financial milestones
2026
05-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · SHADI GROUP BV IMPERIASTRAAT 8, 1930 ZAVENTEM · event 24-02-2026
2025
20-06
KBO administration
Address struck
Rue Lairesse 102 bus Die Sitzadresse Rue Lairesse 102 Bfk. 3 4020
4020 Liège · event 09-06-2025
2023
30-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SHADI GROUP BV IMPERIA- STRAAT 8, 1930 ZAVENTEM · event 24-01-2023
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 421 days late
SignalNBB filing
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
24-01-2023 → 24-02-2026 |
Company data · Crossroads Bank
Identification
Legal formSPRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filings
Scores and ratios are computed by Checked and are not a credit decision.