SIRAJ

Active

Private limited companyfounded 20197 yrs activeWaverse Steenweg 64, 1050 Elsene, BelgiumKBO/BCE: BE 0729.942.618

The computed 12-month bankruptcy probability of SIRAJ is 12.7% (high). The 2024 annual accounts show equity of €44k and a net result of €-13k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 95% of 18942 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-4

Solvency100=

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

12.7% High

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days only on tighter terms

Liquidity ample (current ratio 35.21; short-term debt: 2.7% and cash: 6.2% of total assets), and 3.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

96.5%

Return on assets

-27.9%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2021222324

2020 to 2024 · latest year €-13k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-03-2026, 218 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

218 d late

2023

31 d late

2022

29 d late

2021

29 d late

2020

117 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€44k▼ 22.5%

2023 · €57k

2020: €46k 2021: €60k 2022: €64k 2023: €57k

2020 → 2024

Total assets

€46k▼ 20.1%

2023 · €58k

2020: €59k 2021: €73k 2022: €66k 2023: €58k

2020 → 2024

Net result

€-13k▼ 95.2%

2023 · €-7k

2020: €40k 2021: €15k 2022: €4k 2023: €-7k

2020 → 2024

Working capital

€43k▼ 22.5%

2022 · €56k

2020: €30k 2021: €46k 2022: €56k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€46k-€60k▲ 32.3%€64k▲ 5.9%€57k▼ 10.3%€44k▼ 22.5%

Operating result€41k-€-3k€-12k▼ 277%€-6k▲ 51.4%€-13k▼ 108%

Net result€40k-€15k▼ 62.9%€4k▼ 76.0%€-7k€-13k▼ 95.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €13k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €46k

96.3%

Fixed assets €2k▼ 61.2%

Current assets €44k▼ 16.7%

Equity and liabilities €46k

96.5%

Equity €44k

Provisions €354

Debt €1k

Debt finances 2.7% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-8k▼

2023 · €-2k

Cash flow

€-9k▼

2023 · €-2k

Solvency

96.5%▼

2023 · 99.4%

Current ratio

35.21

Quick ratio

23.42

Debt / equity

0.03

ROE

-28.9%▼

2023 · -11.5%

ROA

-27.9%▼

2023 · -11.4%

Interest coverage

-6.73▼

2023 · -1.29

Debt

€1k

Debt ≤ 1 year

€1k

Staff costs

€6k▲

2023 · €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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€58k€46k▼

Fixed assets21/28€4k€2k▼

Tangible fixed assets22/27€4k€2k▼

Plant, machinery and equipment23€3k€1k▼

Furniture and vehicles24€1k€176▼

Financial fixed assets28€150€150=

Current assets29/58€53k€44k▼

Stocks and contracts in progress3€3k€15k▲

Stocks30/36€3k€15k▲

Amounts receivable within one year40/41€33k€24k▼

Trade receivables40€20k€3k▼

Other amounts receivable41€14k€20k▲

Cash at bank and in hand54/58€17k€3k▼

Deferred charges and accrued income490/1€46€3k▲

Equity and liabilities

Total equity and liabilities10/49€58k€46k▼

Equity10/15€57k€44k▼

Contributions10/11€6k€6k=

Profit (loss) carried forward14€51k€38k▼

Provisions and deferred taxes16€354€354=

Provisions for liabilities and charges160/5€354€354=

Pensions and similar obligations160€354€354=

Amounts payable17/49-€1k

Amounts payable within one year42/48-€1k

Trade debts44-€163

Suppliers440/4-€163

Taxes, remuneration and social security45-€306

Taxes450/3-€306

Other amounts payable47/48-€790

Income statement Code20232024

Remuneration, social security and pensions62€4k€6k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼

Other operating charges640/8€913€569▼

Gross operating margin9900€3k€-2k▼

Operating profit (loss)9901€-6k€-13k▼

Financial income75/76B€405€1k▲

Recurring financial income75€405€1k▲

Financial charges65/66B€1k€1k▲

Recurring financial charges65€1k€1k▲

Profit (loss) for the period before taxes9903€-7k€-13k▼

Income taxes67/77€-310-

Profit (loss) for the period9904€-7k€-13k▼

Profit (loss) for the period to be appropriated9905€-7k€-13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€51k€38k▼

Profit (loss) brought forward from the previous period14P€58k€51k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2026

06-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 218 days late

2024

31-12

Financial Weakest financial yearnet €-13k

Net result drops to €-13k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-12

Financial Liquidity times 9current ratio 40.91

Current ratio from 4.78 to 40.91; short-term debt falls from €12k to €1k.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

25-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 117 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, Elsene · 3 establishment units since 2019

establishment All 3 establishment units on the map

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.

Waverse Steenweg 641050 Elsene

Ground area

586 m²

Building footprint

394 m²

Volume, LiDAR

4,507 m³

3 parcels, Brussels, Flanders, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

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Restaurant Mumtaz

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since 20242.367.076.548

Taj Mahal Pizzeria Mahal

Bergensesteenweg 5, 1600 Sint-Pieters-LeeuwLimited-service restaurants, excluding mobile food services

since 20252.371.944.562

3 parcels

Flanders 1 (33.3%) Wallonia 1 (33.3%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25105A0087/00F000	Wallonia	251 m²	1 · 100 m²	13.8 m · 4 fl.
23077A0124/00X019	Flanders	242 m²	1 · 198 m²	14.8 m · 4 fl.
21009A0859/00N002	Brussels	94 m²	1 · 96 m²	15.9 m · 4 fl.