SULTAN
ActiveSummary
SULTAN has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,558) and a net result of €5,758. Equity has been stable since 2018 (±2.4% per year). Its solvency ranks better than 25% of 5,724 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-04-2005 Normal situation
- Activity
- Launderettes and laundries for private customers NACE 96102
- Establishment unit
- 2.147.149.141 3582 Beringen, since 13-04-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Board and ownership
- Mavili SultanDirector
- Mavili Sultandeed of 09-06-2026
- Mavili Caferdeed of 09-06-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €12,097
- ▼ 16.9%
- Turnover
- ≈ €73,000
- estimated
- Profit
- €5,758
- ▼ 29.1%
- Equity
- -€4,558
- ▲ 55.8%
- Total assets
- €41,884
- ▼ 8.3%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€4,558lowers riskSize: total assets €41,884Founded in 2005Liquidity: current ratio 0.38, cash €17,759Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 25% of them on solvency, 47% on liquidity, 75% on profitability and 83% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 21 filings
Every figure per financial year
The operating result for 2025 is 30% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €869 | €10,379 | - | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €5,438 | €5,377 | €5,897 | €5,479 | €5,479 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,701 | €5,039 | €5,288 | €5,438 | €5,377 | €5,897 | €5,479 | €5,479 | = |
| Other operating charges640/8 | - | - | - | €3,137 | €1,314 | €598 | €602 | €706 | ▲ 17.2% |
| Gross operating margin9900 | €12,231 | €2,729 | €4,376 | €9,231 | €12,238 | -€2,348 | €14,551 | €12,097 | ▼ 16.9% |
| Operating profit (loss)9901 | €5,282 | -€4,021 | -€2,214 | €656 | €5,547 | -€8,843 | €8,470 | €5,913 | ▼ 30.2% |
| Financial income75/76B | - | - | - | €2 | €11 | €0 | - | €13 | - |
| Recurring financial income75 | €64 | €27 | €6 | €2 | €11 | €0 | - | €13 | - |
| Financial charges65/66B | - | - | - | €383 | €482 | €506 | €347 | €168 | ▼ 51.5% |
| Recurring financial charges65 | €544 | €923 | €627 | €383 | €482 | €506 | €347 | €168 | ▼ 51.5% |
| Profit (loss) for the period before taxes9903 | €4,802 | -€4,917 | -€2,835 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| Profit (loss) for the period9904 | €4,802 | -€4,917 | -€2,835 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €4,802 | -€4,917 | -€2,835 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €26,938 | €51,907 | €47,979 | €58,865 | €46,990 | €41,008 | €45,684 | €41,884 | ▼ 8.3% |
| Fixed assets21/28 | €14,027 | €42,263 | €40,547 | €35,978 | €40,980 | €35,083 | €29,604 | €24,125 | ▼ 18.5% |
| Tangible fixed assets22/27 | €14,027 | €42,263 | €40,547 | €35,978 | €40,980 | €35,083 | €29,604 | €24,125 | ▼ 18.5% |
| Land and buildings22 | - | - | - | €27,700 | €24,401 | €21,102 | €17,803 | €14,503 | ▼ 18.5% |
| Plant, machinery and equipment23 | - | - | - | €8,278 | €16,579 | €13,981 | €11,801 | €9,622 | ▼ 18.5% |
| Current assets29/58 | €12,911 | €9,644 | €7,432 | €22,886 | €6,010 | €5,925 | €16,080 | €17,759 | ▲ 10.4% |
| Amounts receivable within one year40/41 | €108 | €3,681 | €753 | €352 | €974 | €2,473 | €921 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €352 | €974 | €2,473 | €921 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €6,679 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €12,665 | €5,962 | - | €22,243 | €5,036 | €3,452 | €15,160 | €17,759 | ▲ 17.1% |
| Deferred charges and accrued income490/1 | - | - | - | €291 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €26,938 | €51,907 | €47,979 | €58,865 | €46,990 | €41,008 | €45,684 | €41,884 | ▼ 8.3% |
| Equity10/15 | -€6,688 | -€11,605 | -€14,440 | -€14,165 | -€9,089 | -€18,439 | -€10,316 | -€4,558 | ▲ 55.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€25,288 | -€30,205 | -€33,040 | -€32,765 | -€27,689 | -€37,039 | -€28,916 | -€23,158 | ▲ 19.9% |
| Amounts payable17/49 | €33,626 | €63,512 | €62,419 | €73,029 | €56,079 | €59,447 | €56,000 | €46,441 | ▼ 17.1% |
| Amounts payable within one year42/48 | €33,626 | €63,512 | €62,419 | €73,029 | €56,079 | €59,447 | €56,000 | €46,441 | ▼ 17.1% |
| Trade debts44 | €2,388 | €707 | €3,919 | €8,890 | €15,310 | €1,276 | €2,180 | €221 | ▼ 89.8% |
| Suppliers440/4 | - | - | - | €8,890 | €15,310 | €1,276 | €2,180 | €221 | ▼ 89.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,835 | - | €2,739 | €1,558 | €388 | ▼ 75.1% |
| Taxes450/3 | - | - | - | €1,835 | - | €2,739 | €1,558 | €388 | ▼ 75.1% |
| Other amounts payable47/48 | - | - | - | €62,304 | €40,770 | €55,433 | €52,262 | €45,831 | ▼ 12.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,802 | -€4,917 | -€2,835 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| + Depreciation and write-downs630 | €2,701 | €5,039 | €5,288 | €5,438 | €5,377 | €5,897 | €5,479 | €5,479 | = |
| Operating cash flow (approximation) | €7,502 | €121 | €2,453 | €5,713 | €10,453 | -€3,452 | €13,602 | €11,237 | ▼ 17.4% |
| Investment in fixed assets (approximation) | - | -€33,275 | -€3,572 | -€869 | -€10,379 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,702 | - | - | -€17,207 | -€1,584 | €11,708 | €2,599 | ▼ 77.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as SULTAN has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SULTAN itself is lower: 0.3% within 12 months. It rests on far more data about SULTAN than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for SULTAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00329322 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00416899 | |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00354705 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00396316 | |
| 31-12-2021 | micro format | 23-09-2022 | 2022-20434395 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55500087 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43800021 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50300023 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-39700061 | |
| 31-12-2016 | micro format | 16-08-2017 | 2017-44100008 |
Board & ownership
Directors
Owners and capital
Shareholders
- Mavili Sultan
- Mavili Cafer
Capital transactions
- 28-12-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Mavili Sultan |
|
| Mavili Omer |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, algemene vergadering bepaalt duur opdracht en bij meerdere bevoegdheid;bij…”“Geheel bestuursbevoegdheden toegekend met mogelijkheid deel te delegeren, iedere bestuurder mag,alleen optredend,alle handelingen stellen…”
Articles of association, deed of 28-12-2023 (in Dutch)
Network & group
SULTAN shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of SULTAN. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
09-06
Gazette deed
Resignation: Mavili Omer (director)Appointment: Mavili Sultan (director) · Mavili Sultan is a shareholder · Mavili Cafer is a shareholder5 points ▸
- General meeting, 14-03-2026
- Director resignation, Mavili Omer
- Director appointment, Mavili Sultan
- Mavili Sultan is a shareholder
- Mavili Cafer is a shareholder
28-12
Gazette deed
Appointment: Mavili Omer (director)4 points ▸
- General meeting, 07-12-2023
- 186 shares
- Registered office clause, Koerselsesteenweg 164, 3582 Beringen
- Director appointment, Mavili Omer
- The deed holds 7 more points.
07-04
Gazette deed
Registered office moved from Heusden-Zolder to BeringenNew registered office: Koerselsesteenweg 164-3582 Beringen · Previous registered office: Stationsstraat 113 bus 1, 3550 Heusden-Zolder, België2 points ▸
- General meeting, 15-03-2022
- Registered-office move, Koerselsesteenweg 164-3582 Beringen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Stationsstraat 113 bus 1, 3550 Heusden-Zolder until 01-04-2022 · deed of 07-04-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- Het uitbaten,zowel voor eigen rekening als voor rekening van derden,van restaurants,snack en sandwichbars,frituren,tavernes en ijssalons.
- Het uitbaten,zowel voor eigen rekening als voor rekening van derden,van grootwarenhuizen,nachtwinkels,snoepwinkels,krantenwinkels,groentenwinkels en slagerijen
- Het uitbaten,zowel voor eigen rekening als voor rekening van derden,van videotheken,wassalons,zonnebankcentra en wapenhandels.
- Groot en kleinhandel in,aan- en verkoop van,export en import van nieuwe en occasievoertuigen;herstellingen,lak- en spuitwerken.
- Handel in textiel
- Onderhoud van groen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71522C0651/00M000 | Flanders | 1,434 m² | 1 · 294 m² | 9.8 m · 1 |