S.SHAHSAVARI
ActiveS.SHAHSAVARI has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €157k. Equity is shrinking by ~13.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 7% of 2312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+7
Solvency27▼-21
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.72 against 2.56 in 2024; short-term debt: 35.4% and cash: 19.2% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.6%
Return on assets
13.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 2312 sector peers (2025).
NBB · sector comparisonPosition among 2312 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
38 d early
2023
23 d early
2022
38 d early
2021
31 d late
2020
61 d late
2019
39 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€157k▲ 49.3%
2024 · €105k
2018: €152k
2019: €140k
2020: €44k
2021: €150k
2022: €41k
2023: €290k
2024: €105k
2018 → 2025
Working capital
€-113k
2024 · €231k
2018: €199k
2019: €119k
2020: €147k
2021: €109k
2022: €-9k
2023: €276k
2024: €231k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€60k▼ 58.1%€350k▲ 481%€293k▼ 16.3%€19k▼ 93.6%
Operating result€261k-€153k▼ 41.5%€396k▲ 160%€147k▼ 62.8%€250k▲ 69.5%
Net result€150k-€41k▼ 72.4%€290k▲ 602%€105k▼ 63.7%€157k▲ 49.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 70% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€855k▼ 4.3%
Current assets
€294k▼ 22.6%
Equity and liabilities €1.15M
Equity
€19k▼ 93.6%
Provisions
€0▼ 100%
Debt
€1.13M▲ 19.9%
The debt ratio rises from 74.1% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€343k▲
2024 · €235k
Cash flow
€251k▲
2024 · €193k
Solvency
1.6%▼
2024 · 23.0%
Current ratio
0.72▼
2024 · 2.56
Quick ratio
0.72▼
2024 · 2.56
Debt / equity
60.66▲
2024 · 3.22
ROE
843.5%▲
2024 · 35.9%
ROA
13.7%▲
2024 · 8.3%
Interest coverage
7.54▼
2024 · 30.44
Debt
€1.13M▲
2024 · €943k
Debt ≤ 1 year
€407k▲
2024 · €148k
Debt > 1 year
€723k▼
2024 · €794k
Income taxes
€48k▲
2024 · €36k
Staff costs
€29k▲
2024 · €28k
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€1.27M€1.15M▼
Fixed assets21/28€894k€855k▼
Tangible fixed assets22/27€894k€855k▼
Land and buildings22€670k€628k▼
Plant, machinery and equipment23€45k€63k▲
Furniture and vehicles24€44k€39k▼
Other tangible fixed assets26€134k€126k▼
Current assets29/58€380k€294k▼
Amounts receivable within one year40/41€4k€5k▲
Other amounts receivable41€4k€5k▲
Current investments50/53€5k€46k▲
Cash at bank and in hand54/58€320k€220k▼
Deferred charges and accrued income490/1€50k€22k▼
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.15M▼
Equity10/15€293k€19k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€275k€33▼
Provisions and deferred taxes16€37k-
Provisions for liabilities and charges160/5€37k-
Other liabilities and charges164/5€37k-
Amounts payable17/49€943k€1.13M▲
Amounts payable after more than one year17€794k€723k▼
Financial debts170/4€794k€723k▼
Amounts payable within one year42/48€148k€407k▲
Current portion of amounts payable after more than one year42€86k€94k▲
Financial debts43€30k-
Credit institutions430/8€30k-
Trade debts44€7k€18k▲
Suppliers440/4€7k€18k▲
Taxes, remuneration and social security45€25k€4k▼
Taxes450/3€21k-
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€120€291k▲
Accrued charges and deferred income492/3-€193
Income statement
Code20242025
Remuneration, social security and pensions62€28k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€93k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€37k€-37k▼
Other operating charges640/8€8k€9k▲
Gross operating margin9900€308k€344k▲
Operating profit (loss)9901€147k€250k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€8k€45k▲
Recurring financial charges65€8k€45k▲
Profit (loss) for the period before taxes9903€142k€206k▲
Income taxes67/77€36k€48k▲
Profit (loss) for the period9904€105k€157k▲
Profit (loss) for the period to be appropriated9905€105k€157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€437k€432k▼
Profit (loss) brought forward from the previous period14P€332k€275k▼
Profit to be distributed694/7€162k€432k▲
Return on contributions (dividend)694€162k€432k▲
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €290k ▲602%
Operating result €396k, net result €290k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.29
Current ratio from 0.96 to 3.29; short-term debt falls from €213k to €120k.
31-12
Financial
Equity above €200kEq €350k ▲481%
6 profitable years in a row build equity to €350k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €41k ▼72.4%
Net result drops to €41k, 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
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Pieters-Woluwe · 1 establishment unit since 2016
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.
Witte Vrouwenlaan 1391150 Sint-Pieters-WoluweGround area
2,449 m²
Building footprint
281 m²
Volume, LiDAR
2,284 m³
2 parcels, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S.SHAHSAVARI
since 20162.252.764.622
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0188/00X010 | Brussels | 2,343 m² | 1 · 182 m² | 9.2 m · 3 fl. |
| 21342B0078/02F007 | Brussels | 107 m² | 1 · 99 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900UQDZHVRLGZWB57
Similar companies · same sector, comparable size
MED COSTE NEUPREZ
BE 0649.790.033
Liège · Eq €19k
DOCTEUR HAVAUX LAURENCE
BE 0716.633.129
Sint-Agatha-Berchem · Eq €19k
Dokter Leemans Anne-Marie
BE 0543.595.225
Aalter · Eq €19k
Dr. Joke De Buck
BE 0713.517.251
Antwerpen · Eq €19k
CABINET MEDICAL DES DOCTEURS LOMBARD-ERPICUM
BE 0738.806.438
Esneux · Eq €19k
Of 16,623 companies in sector 86220 we hold annual accounts for 7,972. 3,056 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2016
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.