SHAHINEZE
ActiveThe computed 12-month bankruptcy probability of SHAHINEZE is 2.5% (moderate). The 2025 annual accounts show equity of €33k and a net result of €363. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 13270 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-23
Solvency88▲+12
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.57 in 2024; short-term debt: 36.7% and cash: 19.5% of total assets), and 36.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.3%
Return on assets
0.7%
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
19 d late
2023
28 d late
2022
30 d late
2021
16 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€206k▲ 351%
2020 · €46k
2019: €71k
2020: €46k
2019 → 2024
EBIT margin
8.3%▼ 5.1pp
2020 · 13.4%
2019: -10.5%
2020: 13.4%
2019 → 2024
Net result
€363▼ 97.9%
2024 · €17k
2018: €3k
2019: €-8k
2020: €6k
2021: €-2k
2022: €7k
2023: €-10k
2024: €17k
2018 → 2025
Working capital
€8k▼ 56.0%
2024 · €17k
2018: €19k
2019: €5k
2020: €6k
2021: €11k
2022: €847
2023: €3k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€206k
Equity€15k-€22k▲ 47.7%€15k▼ 31.7%€32k▲ 110%€33k▲ 1.1%
Operating result€-1k-€7k€-10k€17k€465▼ 97.3%
Net result€-2k-€7k€-10k€17k€363▼ 97.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52k
Fixed assets
€25k▲ 66.4%
Current assets
€26k▼ 44.4%
Equity and liabilities €52k
Equity
€33k▲ 1.1%
Debt
€19k▼ 37.9%
The debt ratio falls from 48.5% to 36.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €31k
Cash flow
€17k▼
2024 · €31k
Solvency
63.3%▲
2024 · 51.5%
Current ratio
1.40▼
2024 · 1.57
Quick ratio
1.03▼
2024 · 1.47
Debt / equity
0.58▼
2024 · 0.94
ROE
1.1%▼
2024 · 52.5%
ROA
0.7%▼
2024 · 27.0%
Interest coverage
167.41▼
2024 · 293.74
Debt
€19k▼
2024 · €30k
Debt ≤ 1 year
€19k▼
2024 · €30k
Staff costs
€35k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€63k€52k▼
Fixed assets21/28€15k€25k▲
Tangible fixed assets22/27€15k€25k▲
Furniture and vehicles24€15k€25k▲
Current assets29/58€48k€26k▼
Stocks and contracts in progress3€3k€7k▲
Stocks30/36€3k€7k▲
Amounts receivable within one year40/41€23k€9k▼
Other amounts receivable41€23k€9k▼
Cash at bank and in hand54/58€22k€10k▼
Equity and liabilities
Total equity and liabilities10/49€63k€52k▼
Equity10/15€32k€33k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€14k€14k▲
Amounts payable17/49€30k€19k▼
Amounts payable within one year42/48€30k€19k▼
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€9k-
Income statement
Code20242025
Turnover70€206k-
Goods, raw materials, services and sundry goods60/61€182k-
Remuneration, social security and pensions62€4k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€480€4k▲
Gross operating margin9900€35k€56k▲
Operating profit (loss)9901€17k€465▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€104€102▼
Recurring financial charges65€104€102▼
Profit (loss) for the period before taxes9903€17k€363▼
Profit (loss) for the period9904€17k€363▼
Profit (loss) for the period to be appropriated9905€17k€363▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€14k▲
Profit (loss) brought forward from the previous period14P€-3k€14k▲
The notes to these accounts (5 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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-10k ▼238%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 139 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-02-2025
HAMDI Mohamed: Resigned as Director
17-12-2024
HAMDI Mohamed: Resigned as Director
17-12-2024
HAMDI Yassine: Resigned as Director
17-12-2024
MOUSTAKIL Yahya: Resigned as Director
17-12-2024
RAHMOUNI Samir: Resigned as Director
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2011
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.
Pieterstraat 11190 VorstGround area
63 m²
Building footprint
63 m²
Volume, LiDAR
808 m³
Parcel 21384D0177/00P000, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Shahineze
since 20112.194.507.016
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0177/00P000 | Brussels | 63 m² | 1 · 63 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
1 siteVorst2.194.507.016
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,430 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2010
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.