SHAHZAD
ActiveSHAHZAD has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €29k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 4564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+16
Solvency95▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 1.46 in 2024; short-term debt: 30.2% and cash: 49.9% of total assets), and 30.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
69.8%
Return on assets
16.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 4 filingsDeviation from the deadline
2025
46 d late
2024
43 d early
2023
205 d late
2022
58 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 31.2%
2024 · €91k
2022: €77k
2023: €85k
2024: €91k
2022 → 2025
Total assets
€172k▲ 7.5%
2024 · €160k
2022: €230k
2023: €116k
2024: €160k
2022 → 2025
Net result
€29k▲ 374%
2024 · €6k
2022: €6k
2023: €9k
2024: €6k
2022 → 2025
Working capital
€71k▲ 124%
2024 · €32k
2022: €14k
2023: €20k
2024: €32k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€77k-€85k▲ 11.6%€91k▲ 7.0%€120k▲ 31.2%
Operating result€8k-€12k▲ 45.3%€9k▼ 23.5%€40k▲ 329%
Net result€6k-€9k▲ 44.3%€6k▼ 32.3%€29k▲ 374%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 329% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€49k▼ 17.8%
Current assets
€123k▲ 22.7%
Equity and liabilities €172k
Equity
€120k▲ 31.2%
Debt
€52k▼ 24.1%
The debt ratio falls from 42.8% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▲
2024 · €20k
Cash flow
€39k▲
2024 · €17k
Solvency
69.8%▲
2024 · 57.2%
Current ratio
2.36▲
2024 · 1.46
Quick ratio
2.36▲
2024 · 1.46
Debt / equity
0.43▼
2024 · 0.75
ROE
23.8%▲
2024 · 6.6%
ROA
16.6%▲
2024 · 3.8%
Interest coverage
148.03▲
2024 · 33.61
Debt
€52k▼
2024 · €68k
Debt ≤ 1 year
€52k▼
2024 · €68k
Income taxes
€11k▲
2024 · €3k
Staff costs
€141k▲
2024 · €87k
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€160k€172k▲
Fixed assets21/28€60k€49k▼
Intangible fixed assets21€45k€40k▼
Tangible fixed assets22/27€15k€9k▼
Furniture and vehicles24€15k€9k▼
Financial fixed assets28€78€258▲
Current assets29/58€100k€123k▲
Amounts receivable within one year40/41€51k€37k▼
Trade receivables40€44k€31k▼
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€49k€86k▲
Equity and liabilities
Total equity and liabilities10/49€160k€172k▲
Equity10/15€91k€120k▲
Contributions10/11€35k€35k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€53k€81k▲
Amounts payable17/49€68k€52k▼
Amounts payable within one year42/48€68k€52k▼
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€35k€39k▲
Taxes450/3€20k€25k▲
Remuneration and social security454/9€15k€14k▼
Other amounts payable47/48€15k-
Income statement
Code20242025
Remuneration, social security and pensions62€87k€141k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€112k€193k▲
Operating profit (loss)9901€9k€40k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€590€341▼
Recurring financial charges65€590€341▼
Profit (loss) for the period before taxes9903€9k€39k▲
Income taxes67/77€3k€11k▲
Profit (loss) for the period9904€6k€29k▲
Profit (loss) for the period to be appropriated9905€6k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€81k▲
Profit (loss) brought forward from the previous period14P€47k€53k▲
The notes to these accounts (9 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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Highest result since 2022net €29k ▲374%
Operating result €40k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲31.2%
4 profitable years in a row build equity to €120k.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 205 days late
2024
31-12
Financial
Weakest financial yearnet €6k ▼32.3%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
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.
26-10-2022
Fathi Rayane: Resigned as Managing director
31-03-2021
Kolahi Mohammad Esmail: Resigned as Director
Location & real-estate footprint
Registered office, Jette · 2 establishment units since 1998
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.
Charles Woestelaan 3061090 JetteGround area
2,056 m²
Building footprint
1,717 m²
Volume, LiDAR
37,095 m³
3 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Baron de Castrostraat 25, 1040 Etterbeek
since 19982.088.021.505
TAXI SHAHZAD
since 20192.323.745.955
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464F0013/00K000 | Brussels | 917 m² | 1 · 860 m² | 28.2 m · 7 fl. |
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21363B0319/00W004 | Brussels | 439 m² | 1 · 156 m² | 16.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
29 connected companiesNetwork connections
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MOUNACAR
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TRADE AND INVESTMENT
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VC SERVICES BELGIE
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BATI PRO SERVICES
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Of 6,687 companies in sector 49330 we hold annual accounts for 2,291. 1,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formGeneral partnership
Founded29-04-1998
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.