Subhan Service

Active

Private limited companyfounded 20233 yrs activeSint-Margrietstraat 48, 9000 Gent, BelgiumKBO/BCE: BE 0797.456.004

The computed 12-month bankruptcy probability of Subhan Service is 4.1% (elevated). The 2025 annual accounts show equity of €8k and a net result of €7k. Its solvency ranks better than 53% of 13306 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

53 / 100

Fair

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

Axes · tick = 2024

Profitability100▲+59

Solvency58▲+32

Growth78

Track record94

Bankruptcy probability, 12 months

4.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity ample (current ratio 1.5 against 1.01 in 2024; short-term debt: 66.5% and cash: 5.4% of total assets), but 66.5% 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

Five 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

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 2 filings

Deviation from the deadline

2025

30 d late

2024

60 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€8k▲ 955%

2024 · €780

2024: €780

2024 → 2025

Total assets

€25k▼ 56.2%

2024 · €56k

2024: €56k

2024 → 2025

Net result

€7k▲ 855%

2024 · €780

2024: €780

2024 → 2025

Working capital

€8k▲ 955%

2024 · €780

2024: €780

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€780-€8k▲ 955%

Operating result€1k-€9k▲ 718%

Net result€780-€7k▲ 855%

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

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 718% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €25k

33.5%

66.5%

Equity €8k▲ 955%

Debt €16k▼ 70.4%

The debt ratio falls from 98.6% to 66.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Solvency

33.5%▲

2024 · 1.4%

Current ratio

1.50▲

2024 · 1.01

Quick ratio

0.08▼

2024 · 0.23

Debt / equity

1.99

ROE

90.5%

ROA

30.3%▲

2024 · 1.4%

Debt

€16k▼

2024 · €55k

Debt ≤ 1 year

€16k▼

2024 · €55k

Income taxes

€2k▲

2024 · €260

Staff costs

€5k▼

2024 · €46k

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€56k€25k▼

Current assets29/58€56k€25k▼

Stocks and contracts in progress3€43k€23k▼

Stocks30/36€43k€23k▼

Amounts receivable within one year40/41€10k-

Other amounts receivable41€10k-

Cash at bank and in hand54/58€3k€1k▼

Equity and liabilities

Total equity and liabilities10/49€56k€25k▼

Equity10/15€780€8k▲

Profit (loss) carried forward14€780€8k▲

Amounts payable17/49€55k€16k▼

Amounts payable within one year42/48€55k€16k▼

Trade debts44€53k€8k▼

Suppliers440/4€53k€8k▼

Taxes, remuneration and social security45€3k€5k▲

Taxes450/3€260€3k▲

Remuneration and social security454/9€3k€2k▼

Other amounts payable47/48-€3k

Income statement Code20242025

Remuneration, social security and pensions62€46k€5k▼

Other operating charges640/8€584€3k▲

Gross operating margin9900€48k€17k▼

Operating profit (loss)9901€1k€9k▲

Financial income75/76B€8-

Recurring financial income75€8-

Financial charges65/66B€120€105▼

Recurring financial charges65€120€105▼

Profit (loss) for the period before taxes9903€1k€9k▲

Income taxes67/77€260€2k▲

Profit (loss) for the period9904€780€7k▲

Profit (loss) for the period to be appropriated9905€780€7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€780€8k▲

Profit (loss) brought forward from the previous period14P-€780

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 30 days late

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

NBB filing

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.

01-11-2025 Wahdatullah Safi: Resigned as Director

01-11-2025 Wahdatullah Safi: Resigned as Managing director

20-01-2025 Inzar Gul Khuzakhel: Resigned as Director

01-11-2024 Mir Ahmadullah HASHIMI: Resigned as Director

01-11-2023 Mir Mohammad Shiwa: Resigned as Director

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2023

establishment The establishment unit 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.

Sint-Margrietstraat 489000 Gent

Ground area