SHAHEEN
ActiveSummary
For SHAHEEN, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €97,548 and a net result of -€25,408. Its solvency ranks better than 83% of 21200 sector peers (fiscal year 2021). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0▼-78
Solvency96▲+10
Growth32
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
71.5%
Return on assets
-18.6%
Age of the figures
57 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
328 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 179 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€97,548▼ 20.7%
2020 · €122,955
Total assets
€136,514▼ 32.8%
2020 · €203,059
Net result
-€25,408
2020 · €15,140
Working capital
€94,319▼ 22.0%
2020 · €120,984
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021
Operating result€16,161--€25,304
Net result€15,140within the sector's middle half--€25,408below the sector's middle half
Equity€122,955above the sector's middle half-€97,548within the sector's middle half▼ 20.7%
Total assets€203,059within the sector's middle half-€136,514within the sector's middle half▼ 32.8%
Debt€80,104-€38,966▼ 51.4%
Working capital€120,984above the sector's middle half-€94,319above the sector's middle half▼ 22.0%
Solvency60.6%above the sector's middle half-71.5%above the sector's middle half▲ 10.9pp
Current ratio2.51within the sector's middle half-3.42above the sector's middle half▲ 0.91
Return on assets (ROA)7.5%within the sector's middle half--18.6%below the sector's middle half▼ 26.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2021: a loss of €25,304 after €16,161 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €136,514
Fixed assets
€3,229 ▲ 63.8%
Current assets
€133,285 ▼ 33.7%
Equity and liabilities €136,514
Equity
€97,548 ▼ 20.7%
Debt
€38,966 ▼ 51.4%
Debt's share of the balance-sheet total falls from 39.4% to 28.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€24,381▼
2020 · €17,035
Cash flow
-€24,485▼
2020 · €16,014
Quick ratio
1.71▲
2020 · 1.47
Debt to equity
0.40▼
2020 · 0.65
ROE
-26.0%▼
2020 · 12.3%
Interest coverage
-120.57▼
2020 · 103.23
Debt ≤ 1 year
€38,966▼
2020 · €80,104
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €874 | €923 | ▲ 5.6% |
| Other operating charges640/8 | €218 | €300 | ▲ 37.6% |
| Gross operating margin9900 | €17,253 | -€24,081 | ▼ 240% |
| Operating profit (loss)9901 | €16,161 | -€25,304 | ▼ 257% |
| Financial income75/76B | €10 | €98 | ▲ 923% |
| Recurring financial income75 | €10 | €98 | ▲ 923% |
| Financial charges65/66B | €165 | €202 | ▲ 22.5% |
| Recurring financial charges65 | €165 | €202 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €16,006 | -€25,408 | ▼ 259% |
| Income taxes67/77 | €866 | - | - |
| Profit (loss) for the period9904 | €15,140 | -€25,408 | ▼ 268% |
| Profit (loss) for the period to be appropriated9905 | €15,140 | -€25,408 | ▼ 268% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €203,059 | €136,514 | ▼ 32.8% |
| Fixed assets21/28 | €1,971 | €3,229 | ▲ 63.8% |
| Tangible fixed assets22/27 | €1,971 | €3,229 | ▲ 63.8% |
| Land and buildings22 | €402 | €2,444 | ▲ 507% |
| Plant, machinery and equipment23 | €1,569 | €785 | ▼ 50.0% |
| Current assets29/58 | €201,088 | €133,285 | ▼ 33.7% |
| Stocks and contracts in progress3 | €83,088 | €66,543 | ▼ 19.9% |
| Stocks30/36 | €83,088 | €66,543 | ▼ 19.9% |
| Amounts receivable within one year40/41 | €114,443 | €55,985 | ▼ 51.1% |
| Trade receivables40 | €113,705 | €54,705 | ▼ 51.9% |
| Other amounts receivable41 | €738 | €1,280 | ▲ 73.4% |
| Cash at bank and in hand54/58 | €3,557 | €10,757 | ▲ 202% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €203,059 | €136,514 | ▼ 32.8% |
| Equity10/15 | €122,955 | €97,548 | ▼ 20.7% |
| Contributions10/11 | €1,250 | €1,250 | = |
| Capital10 | €1,250 | €1,250 | = |
| Issued capital100 | €1,250 | €1,250 | = |
| Reserves13 | €106,566 | €106,566 | = |
| Non-distributable reserves130/1 | €14,958 | €14,958 | = |
| Legal reserve130 | €14,958 | €14,958 | = |
| Distributable reserves133 | €91,608 | €91,608 | = |
| Profit (loss) carried forward14 | €15,140 | -€10,268 | ▼ 168% |
| Amounts payable17/49 | €80,104 | €38,966 | ▼ 51.4% |
| Amounts payable within one year42/48 | €80,104 | €38,966 | ▼ 51.4% |
| Trade debts44 | €13,577 | €3,046 | ▼ 77.6% |
| Suppliers440/4 | €13,577 | €3,046 | ▼ 77.6% |
| Taxes, remuneration and social security45 | €7,341 | €7,523 | ▲ 2.5% |
| Taxes450/3 | €7,341 | €7,523 | ▲ 2.5% |
| Other amounts payable47/48 | €59,186 | €28,397 | ▼ 52.0% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €15,140 | -€25,408 | ▼ 268% |
| + Depreciation and write-downs630 | €874 | €923 | ▲ 5.6% |
| Operating cash flow (approximation) | €16,014 | -€24,485 | ▼ 253% |
| Investment in fixed assets (approximation) | - | -€2,180 | - |
| Change in cash | - | €7,200 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 328 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Kuurne · 2 establishment units since 2006
Ground area
314 m²
Building footprint
292 m²
Volume, LiDAR
2,063 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Shaheen
since 20062.169.620.180
shaheen
since 20082.169.582.271
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023C0193/00G007 | Flanders | 183 m² | 1 · 177 m² | 11.4 m · 2 fl. |
| 34012C0019/00G000 | Flanders | 131 m² | 1 · 115 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKuurne2.169.620.180
Wevelgem2.169.582.271
Similar companies · same sector, comparable size
SKY PK
BE 0600.997.053
Wavre · Eq €97,551
ERVEKA
BE 0736.485.663
Courcelles · Eq €97,448
NHM NATURAL HEALTH MEANS
BE 0464.447.480
Gembloux · Eq €98,255
GIORGIO GROUP
BE 0803.752.688
Charleroi · Eq €98,340
B.Y.L.
BE 0467.220.294
Elsene · Eq €96,638
Of 2,474 companies in sector 47279 we hold annual accounts for 949. 772 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded07-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
47260Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879793067
Also
9925:BE0879793067
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.