Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe file of SHAHID contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 3.7% (moderate). The 2021 annual accounts show equity of €12k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
2 eventsSignals
Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.
Trust signals
1 signalAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2021How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2021 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €30k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €19k |
| Equity | €12k |
| Debt | €7k |
| of which ≤ 1y | €392 |
| of which > 1y | €6k |
| Working capital | €19k |
| Employees (FTE) | - |
| 2021 | |
|---|---|
| Current ratio | 48.21 |
| Quick ratio | 48.21 |
| Working capital ratio | 97.9% |
| Solvency | 65.2% |
| Debt / equity | 0.53 |
| Long-term debt ratio | 0.50 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 158.3% |
| ROE | 243.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €19k |
| Current assets | 29/58 | €19k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €14k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €19k |
| Equity | 10/15 | €12k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-8k |
| Amounts payable | 17/49 | €7k |
| Amounts payable after one year | 17 | €6k |
| Amounts payable within one year | 42/48 | €392 |
| Trade debts payable within one year | 44 | €79 |
| Income statement | ||
| Gross operating margin | 9900 | €38k |
| Operating result | 9901 | €30k |
| Financial charges | 65 | €64 |
| Result before taxes | 9903 | €30k |
| Net result for the period | 9904 | €30k |
| Result to be appropriated | 9905 | €30k |
Health barometer
FY 2021 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Directors
Directors & mandates
5 directorsHistoric, not recently confirmed (2)
-
Not recently confirmedlast confirmed in an act from 2014
-
Not recently confirmedlast confirmed in an act from 2014
Former directors (3)
-
Former- → 30-09-2015
2 events
- 30-09-2015 Resigned· Managing director
- 12-09-2014 Resigned· Managing director
-
Former10-02-2014 → 30-11-2014
2 events
- 30-11-2014 Resigned· Managing director
- 10-02-2014 Appointed· Managing director
-
Former- → 10-02-2014
Insolvency mandates
indexingLegal Structure
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 08-12-2008 |
| Status | Active |
| Postal code | 1030 |
| First BS signal | 23-12-2016 |
| Latest BS signal | 22-05-2018 |
Structure & network
Connections & network
1 connected companyLocations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0034/00X003 | Brussels | 164 m² | 1 · 164 m² | 13.7 m · 3 fl. |
| 21910E0116/00R009indicative | Brussels | 131 m² | 1 · 89 m² | 19.6 m · 6 fl. |
Publications
Lifecycle & Insolvency Signals
2 events from the State GazetteTime machine: BS events + macro context
2016-2026Belgisch Staatsblad · acts
7 acts16-03-2026 GRAINDORGE MICHEL ALEXANDRE L appointed as director
- GRAINDORGE MICHEL ALEXANDRE L, Bestuurder
17-11-2017 Transaction in capital or shares
02-04-2015 Change in the board of directors
17-03-2015 Transaction in capital or shares
24-09-2014 Transaction in capital or shares
26-08-2014 Transaction in capital or shares
24-02-2014 2 directors appointed, 1 resigning
- ELHACHMI KAMAL, Gedelegeerd bestuurder
- ELHACHMI BILAL, Gedelegeerd bestuurder
- SHAHID AMIN, Gedelegeerd bestuurder
Analysis
Snowflake analysis
financial profile on 5 axesExceptional profile, strong across almost every axis.
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Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameFR | SHAHID |