SHIRAZ CONSULTANCY
ActiveSHIRAZ CONSULTANCY has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €75k. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 2281 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+21
Solvency99▲+48
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.65 against 1.25 in 2023; short-term debt: 26.3% and cash: 28.8% of total assets), and 26.3% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €98k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
1 d early
2022
3 d early
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€98k▲ 334%
2023 · €23k
2018: €87k
2019: €86k
2020: €50k
2021: €59k
2022: €16k
2023: €23k
2018 → 2024
Total assets
€133k▲ 55.7%
2023 · €85k
2018: €214k
2019: €184k
2020: €127k
2021: €81k
2022: €68k
2023: €85k
2018 → 2024
Net result
€75k▲ 982%
2023 · €7k
2018: €10k
2019: €-133
2020: €-36k
2021: €9k
2022: €-44k
2023: €7k
2018 → 2024
Working capital
€92k▲ 487%
2023 · €16k
2018: €66k
2019: €66k
2020: €34k
2021: €58k
2022: €8k
2023: €16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€50k-€59k▲ 18.7%€16k▼ 73.7%€23k▲ 44.6%€98k▲ 334%
Operating result€-36k-€11k€-42k€6k€84k▲ 1,300%
Net result€-36k-€9k€-44k€7k€75k▲ 982%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,300% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €133k
Fixed assets
€6k▼ 20.0%
Current assets
€127k▲ 62.4%
Equity and liabilities €133k
Equity
€98k▲ 334%
Debt
€35k▼ 44.3%
The debt ratio falls from 73.5% to 26.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▲
2023 · €8k
Cash flow
€77k▲
2023 · €9k
Solvency
73.7%▲
2023 · 26.5%
Current ratio
3.65▲
2023 · 1.25
Quick ratio
1.54▲
2023 · 0.80
Debt / equity
0.36▼
2023 · 2.78
ROE
77.0%▲
2023 · 30.9%
ROA
56.7%▲
2023 · 8.2%
Interest coverage
168.80▲
2023 · 55.46
Debt
€35k▼
2023 · €63k
Debt ≤ 1 year
€35k▼
2023 · €62k
Income taxes
€9k▲
2023 · €-930
Staff costs
€4k▼
2023 · €11k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€85k€133k▲
Fixed assets21/28€7k€6k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€78k€127k▲
Stocks and contracts in progress3€28k€73k▲
Stocks30/36€28k€73k▲
Amounts receivable within one year40/41€33k€15k▼
Trade receivables40€29k€14k▼
Other amounts receivable41€4k€881▼
Cash at bank and in hand54/58€16k€38k▲
Deferred charges and accrued income490/1€752€366▼
Equity and liabilities
Total equity and liabilities10/49€85k€133k▲
Equity10/15€23k€98k▲
Contributions10/11€19k€19k=
Reserves13€77k€79k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€25k€25k=
Distributable reserves133€50k€52k▲
Profit (loss) carried forward14€-73k-
Amounts payable17/49€63k€35k▼
Amounts payable within one year42/48€62k€35k▼
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€286€9k▲
Taxes450/3€240€9k▲
Remuneration and social security454/9€46-
Other amounts payable47/48€55k€22k▼
Accrued charges and deferred income492/3€117-
Income statement
Code20232024
Remuneration, social security and pensions62€11k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€919€696▼
Gross operating margin9900€20k€91k▲
Operating profit (loss)9901€6k€84k▲
Financial income75/76B€151€8▼
Recurring financial income75€151€8▼
Financial charges65/66B€151€512▲
Recurring financial charges65€151€512▲
Profit (loss) for the period before taxes9903€6k€84k▲
Income taxes67/77€-930€9k▲
Profit (loss) for the period9904€7k€75k▲
Profit (loss) for the period to be appropriated9905€7k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€2k▲
Profit (loss) brought forward from the previous period14P€-80k€-73k▲
Transfer to equity691/2-€2k
To other reserves6921-€2k
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2018net €75k ▲982%
Operating result €84k, net result €75k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.65
Current ratio from 1.25 to 3.65; short-term debt falls from €62k to €35k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-44k ▼568%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.61
Current ratio from 1.54 to 3.61; short-term debt falls from €63k to €22k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 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.
Hoveniersstraat 512018 AntwerpenGround area
2,937 m²
Building footprint
2,012 m²
Volume, LiDAR
51,458 m³
Parcel 11808H1182/00F018, Flanders · tallest building 41.6 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
A.D.S.
since 20112.199.898.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1182/00F018 | Flanders | 2,937 m² | 1 · 2,012 m² | 41.6 m · 10 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 3,153 companies in sector 63920 we hold annual accounts for 1,522. 1,255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-05-2011
Fiscal year end31-12
Activities, NACEBEL
46432Wholesale trade
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.