Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of SH is 10.1% (high). The 2023 annual accounts show negative equity (€-11k) and a net result of €-2k. Equity is shrinking by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 5714 sector peers (fiscal year 2023). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone10.1%
High
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Recent warning signals
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events29-09-2025
KBO administration
Address struck
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-07-2024, 28 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 03-07-2024 | 28 d early | 2024-00220931 |
| 31-12-2022 | 31-07-2023 | 31-08-2023 | 31 d late | 2023-00440656 |
| 31-12-2021 | 31-07-2022 | 28-06-2022 | 33 d early | 2022-20147613 |
| 31-12-2019 | 31-07-2020 | 02-12-2020 | 124 d late | 2020-74400306 |
| 31-12-2018 | 31-07-2019 | 21-08-2019 | 21 d late | 2019-48800223 |
| 31-12-2017 | 31-07-2018 | 17-08-2018 | 17 d late | 2018-46800198 |
| 31-12-2016 | 31-07-2017 | 18-08-2017 | 18 d late | 2017-45800348 |
| 31-12-2015 | 31-07-2016 | 25-08-2016 | 25 d late | 2016-48500329 |
| 31-12-2014 | 31-07-2015 | 13-08-2015 | 13 d late | 2015-42800527 |
| 31-12-2013 | 31-07-2014 | 11-08-2014 | 11 d late | 2014-41600184 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalNo legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2k+91.3%
Working capital€-11k-18.5%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 03-07-2024 with the NBB · fiscal year 2023 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~49.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1911.2% | 20.1% | |
| Net result | €-2k | €3k | |
| Equity | €-11k | €15k | |
| Gross operating margin | €-1k | €23k | |
| Total assets | €570 | €93k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Weakening position over 2021-2023
· n=2542-5714
P33
Weakening position over 2021-2023
· n=2535-5694
P17
Weakening position over 2021-2023
· n=2545-5721
P18
Weakening position over 2021-2023
· n=2522-5668
Describes the position versus peers, not a forecast.
€-2k
+91.3%
18-23
€570
-73.0%
18-23
€-11k
-18.5%
18-23
€-11k
-18.5%
18-23
0
+300.0%
18-23
€46
-23.6%
18-23
€-48
-
18-23
€11k
+1.4%
18-23
€11k
+1.4%
18-23
€18k
-
18-23
0.05
-73.4%
18-23
0.05
-73.4%
18-23
-1911.2%
-339.2%
18-23
-1.05
+14.4%
18-23
15.6%
-92.7%
18-23
-298.3%
+67.9%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-2k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €570 |
| Equity | €-11k |
| Debt | €11k |
| of which ≤ 1y | €11k |
| of which > 1y | - |
| Working capital | €-11k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.05 |
| Quick ratio | 0.05 |
| Working capital ratio | -1911.2% |
| Solvency | -1911.2% |
| Debt / equity | -1.05 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -298.3% |
| ROE | 15.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €570 |
| Current assets | 29/58 | €570 |
| Amounts receivable within one year | 40/41 | €556 |
| Cash & bank | 54/58 | €14 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €570 |
| Equity | 10/15 | €-11k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-19k |
| Amounts payable | 17/49 | €11k |
| Amounts payable within one year | 42/48 | €11k |
| Trade debts payable within one year | 44 | €363 |
| Income statement | ||
| Gross operating margin | 9900 | €-1k |
| Operating result | 9901 | €-2k |
| Financial charges | 65 | €185 |
| Result before taxes | 9903 | €-2k |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed25
/ 100
Weak
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
8 directorsCurrent directors & mandates
-
Vira KiritcumarDirectorState Gazette act 24122939 (20-08-2024)Current20-08-2024 → present
-
Muhammad AWANAdministrateur non statutaireState Gazette act 22381691 (14-12-2022)Current14-12-2022 → present
3 events
- 20-08-2024 Resigned· Director
- 14-12-2022 Resigned· Gérant
- 14-12-2022 Appointed· Administrateur non statutaire
-
AWAN MUHAMMAD MAZHARGérantState Gazette act 20131158 (06-11-2020)Current06-11-2020 → present
3 events
- 06-11-2020 Appointed· Gérant
- 11-01-2017 Resigned· Gérant
- 09-12-2015 Appointed· Gérant
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
KHAN AZKAGérantState Gazette act 17157568 (09-11-2017)Not recently confirmedlast confirmed in an act from 2017
3 events
- 14-12-2022 Resigned· Gérant
- 09-11-2017 Appointed· Gérant
- 09-12-2015 Appointed· Signataire
Former directors (4)
-
MAJID MAHMOODSignataireState Gazette act 15171835 (09-12-2015)Former09-12-2015 → 09-11-2017
2 events
- 09-11-2017 Resigned· Gérant
- 09-12-2015 Appointed· Signataire
-
KHAN MUHAMMAD FAROOQGérantState Gazette act 17006227 (11-01-2017)Former- → 11-01-2017
-
KHAN RIFAT MUBASHARGérantState Gazette act 17006227 (11-01-2017)Former- → 11-01-2017
-
SHEIKH AISHA YASMINEGérantState Gazette act 17006227 (11-01-2017)Former- → 11-01-2017
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.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 26-11-2010 |
| Status | Active |
| Postal code | - |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Establishment units
2 locations5 CASH & CARRY
since 20112.197.367.724
SH MOL
since 20242.366.053.791
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,421 m²
Buildings2
Building footprint1,184 m²
Volume (LiDAR)8,371 m³
Tallest building14.6 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13435C1288/00M004 | Flanders | 1,119 m² | 1 · 884 m² | 11.4 m · 2 fl. |
| 21526D0280/00P007 | Brussels | 302 m² | 1 · 300 m² | 14.6 m · 2 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette29-09-2025
KBO administration
Address struck
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
6 acts Address history · 1
20-08-2024
Registered-office move
All acts · 6
updated 1 year ago
2024
20-08-2024 Registered office moved from Ans to Molenbeek-Saint-Jean
- Rue Walthère Jamar 307, 4430 Ans → Rue de Koninck 83, 1080 Molenbeek-Saint-Jean
Notary:
Vira Kiritcumar · Molenbeek-Saint-Jean
2022
14-12-2022 1 director appointed, 2 resigning
- Muhammad AWAN, Administrateur non statutaire
- Azka KHAN, Gérant
- Muhammad AWAN, Gérant
Summary:
v3.2
2020
06-11-2020 AWAN MUHAMMAD MAZHAR appointed as gérant
2017
09-11-2017 1 director appointed, 1 resigning
11-01-2017 4 resigning
- AWAN MUHAMMAD MAZHAR, Gérant
- SHEIKH AISHA YASMINE, Gérant
- KHAN MUHAMMAD FAROOQ, Gérant
- KHAN RIFAT MUBASHAR, Gérant
Summary:
v3.2
2015
09-12-2015 3 directors appointed
- AWAN MUHAMMAD MAZHAR, Gérant
- AZKA KHAN, Signataire
- MAJID MAHMOOD, Signataire
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes52
/ 100
Mixed profile: strong on stability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
78
Solvency
33
Growth
32
Stability
92
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We hold annual accounts for 1,627 of the 10,430 companies in this sector. 1,201 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112
Primary activity highlighted.
Names & trade names
| Legal nameFR | SH |
Registration history
- 29-09-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.