Active BE 0743.860.732Private limited company

SHOP MASTERS

· 6 yrs active

Conclusion Checked

The KBO register records legal situation 050 for SHOP MASTERS (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €25k and a net result of €17k.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€25k
Net result	€17k
Active	6 yrs
Board	1

Financial profile 4 of 5 axes measured · computed by Checked

49 / 100

Mixed profile: strong on profitability, weaker on stability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 23

Profitability 100

Solvency 73

Growth -

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

23 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 2 historical bankruptcy publications (+20)

· 1 administrative flag (+3)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Administrative Flags1 events

Address struck

Health barometer FY 2021 · computed

23 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 25-04-2023 with the NBB · fiscal year 2021 · micro

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€20k
Net profit	€17k
Cash flow	€19k
Staff costs	€27k
Income taxes	-
Dividends	-
Total assets	€79k
Equity	€25k
Debt	€54k
of which ≤ 1y	€14k
of which > 1y	€6k
Working capital	€57k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	5.10
Quick ratio	4.12
Working capital ratio	72.2%
Solvency	32.2%
Debt / equity	2.10
Long-term debt ratio	0.23
Interest coverage	48.78
Gross margin	-
Net margin	-
ROA	22.1%
ROE	68.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €8k · 10.1% Current assets €71k · 89.9%

Equity & liabilities

Equity €25k · 32.2% Debt €54k · 67.8%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€79k
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€8k
Current assets	29/58	€71k
Stocks & contracts in progress	3	€14k
Amounts receivable within one year	40/41	€18k
Cash & bank	54/58	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€79k
Equity	10/15	€25k
Contributions / capital	10/11	€8k
Reserves	13	€873
Accumulated profits (losses)	14	€17k
Amounts payable	17/49	€54k
Amounts payable after one year	17	€6k
Amounts payable within one year	42/48	€14k
Income statement
Gross operating margin	9900	€49k
Operating result	9901	€18k
Financial charges	65	€405
Result before taxes	9903	€17k
Net result for the period	9904	€17k
Result to be appropriated	9905	€17k

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

BHUTTA Irfan Hamid
Managing director
State Gazette act 24023078 (06-02-2024)

Current
06-02-2024 → present

Former directors (2)

MUHAMMAD Khalid Mehmood
Managing director
State Gazette act 23138933 (31-10-2023)

Former
31-10-2023 → 06-02-2024
2 events
- 06-02-2024 Resigned· Managing director
- 31-10-2023 Appointed· Managing director
ZEESHAN Roshan
Managing director
State Gazette act 23138933 (31-10-2023)

Former
- → 31-10-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	ALINE FAUFRA GRAND’ROUTE 35, 4610 BEYNE- HEUSAY	21-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	19-02-2020
Status	Active
Postal code	-
First BS signal	29-10-2024
Latest BS signal	26-06-2026

Real-estate footprint Source: CBE × cadastre

Parcels 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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62815C0217/00R000	Wallonia	134 m²	1 · 62 m²	11.6 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

26-06-2026

Bankruptcy Bankruptcy closure (insufficient assets)

Tribunal de l’entreprise de Liège, division Liège · SHOP MASTERS SRL RUE SAINTE-MARGUERITE 101, 4000 LIEGE 1. déclarée le 21 octobre 2024 · event 23-06-2026

2025

15-12-2025

KBO administration Address struck

2024

29-10-2024

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · SHOP MASTERS SRL RUE SAINTE- MARGUERITE 101, 4000 LIEGE 1 · event 21-10-2024

07-05-2024

State Gazette act Registered-office change

06-02-2024

State Gazette act Capital & shares

2023

31-10-2023

State Gazette act Capital & shares

18-10-2023

State Gazette act Capital & shares

25-04-2023

NBB filing Annual accounts filed

fiscal year 2021 · micro

Lifecycle & Insolvency Signals3 events

26-06-2026

Bankruptcy Bankruptcy closure (insufficient assets)

Date: 23-06-2026 · Tribunal de l’entreprise de Liège, division Liège · SHOP MASTERS SRL RUE SAINTE-MARGUERITE 101, 4000 LIEGE 1. déclarée le 21 octobre 2024 · Publications in State Gazette ↗

Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 2 further earlier events in this file, covering 21-10-2024 to 23-06-2026.

Available in Kantoor S. See plans →

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 4 acts

Capital history · 3

06-02-2024

Capital change

31-10-2023

Capital change

18-10-2023

Capital change

Address history · 1

07-05-2024

Registered-office move

All acts · 4 updated 2 years ago

2024

07-05-2024 Registered office moved from Anderlecht to Liège Registered-office change

Rue Brogniez 33 - 1070 Anderlecht → Rue Sainte-Marguerite 101 -4000 Liège

Original publication ↗

Technical details

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  "act_meta": {
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  },
  "co_filed_documents": [
    "Bijlagen i bij het Belgisch Staatsbla lad",
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    "Mod DOC 19.01",
    "Copie \u00E0 publier aux annexes au Moniteur belge apr\u00E8s d\u00E9p\u00F4t de l\u0027acte au greffe"
  ]
}

06-02-2024 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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  "publication_proxy": {
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    },
    {
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      "pct": null,
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      "role": "aandeelhouder",
      "n_shares": 0,
      "share_class": null
    }
  ],
  "share_classes_after": []
}

2023

31-10-2023 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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  },
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    }
  ],
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}

18-10-2023 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameFR

SHOP MASTERS

Registration history

15-12-2025 Address struck

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.