SHIRINE
ActiveThe computed 12-month bankruptcy probability of SHIRINE is 3.0% (moderate). The 2025 annual accounts show equity of €81k and a net result of €39k. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 13071 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
69
/ 100
Healthy▲ +49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency61▲+45
Growth32=
Stability100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.63 in 2024), and 56.5% 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
raises risk · 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
43.5%
Return on assets
21%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €81k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
44 d early
2023
27 d early
2022
60 d late
2021
30 d late
2020
31 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▲ 93.3%
2024 · €42k
2020: €102k
2021: €116k
2022: €56k
2023: €61k
2024: €42k
2020 → 2025
Total assets
€186k▼ 12.3%
2024 · €212k
2020: €442k
2021: €420k
2022: €319k
2023: €257k
2024: €212k
2020 → 2025
Net result
€39k
2024 · €-19k
2020: €46k
2021: €15k
2022: €-60k
2023: €4k
2024: €-19k
2020 → 2025
Working capital
€-17k▲ 57.0%
2024 · €-39k
2020: €65k
2021: €71k
2022: €-207
2023: €-6k
2024: €-39k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€56k▼ 51.7%€61k▲ 7.7%€42k▼ 31.0%€81k▲ 93.3%
Operating result€23k-€-54k€12k€-13k€43k
Net result€15k-€-60k€4k€-19k€39k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €43k after a loss of €13k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€118k▼ 19.7%
Current assets
€69k▲ 4.0%
Equity and liabilities €186k
Equity
€81k▲ 93.3%
Debt
€105k▼ 38.3%
The debt ratio falls from 80.3% to 56.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€72k▲
2024 · €19k
Cash flow
€68k▲
2024 · €13k
Solvency
43.5%▲
2024 · 19.7%
Current ratio
0.80▲
2024 · 0.63
Quick ratio
0.74▲
2024 · 0.53
Debt / equity
1.30▼
2024 · 4.07
ROE
48.3%▲
2024 · -44.9%
ROA
21.0%▲
2024 · -8.8%
Interest coverage
20.06▲
2024 · 3.73
Debt
€105k▼
2024 · €170k
Debt ≤ 1 year
€85k▼
2024 · €105k
Debt > 1 year
€20k▼
2024 · €65k
Income taxes
€213▼
2024 · €447
Staff costs
€105k▲
2024 · €103k
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€212k€186k▼
Fixed assets21/28€146k€118k▼
Tangible fixed assets22/27€138k€110k▼
Plant, machinery and equipment23€125k€99k▼
Furniture and vehicles24€14k€11k▼
Financial fixed assets28€8k€8k=
Current assets29/58€66k€69k▲
Stocks and contracts in progress3€10k€5k▼
Stocks30/36€10k€5k▼
Amounts receivable within one year40/41€33k€28k▼
Trade receivables40€24k€21k▼
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€23k€36k▲
Equity and liabilities
Total equity and liabilities10/49€212k€186k▼
Equity10/15€42k€81k▲
Contributions10/11€70k€70k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€-30k€9k▲
Amounts payable17/49€170k€105k▼
Amounts payable after more than one year17€65k€20k▼
Financial debts170/4€65k€20k▼
Amounts payable within one year42/48€105k€85k▼
Current portion of amounts payable after more than one year42€36k€37k▲
Trade debts44€60k€40k▼
Suppliers440/4€60k€40k▼
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€3k€1k▼
Remuneration and social security454/9€6k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€103k€105k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€29k▼
Other operating charges640/8€3k€7k▲
Gross operating margin9900€125k€183k▲
Operating profit (loss)9901€-13k€43k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-18k€39k▲
Income taxes67/77€447€213▼
Profit (loss) for the period9904€-19k€39k▲
Profit (loss) for the period to be appropriated9905€-19k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€9k▲
Profit (loss) brought forward from the previous period14P€-11k€-30k▼
The notes to these accounts (6 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-60k ▼505%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 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, Asse · 1 establishment unit since 2019
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.
Steenweg 66-681730 AsseGround area
89 m²
Building footprint
197 m²
Volume, LiDAR
1,367 m³
Parcel 23322L0127/00D002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SHIRINE
since 20192.292.857.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322L0127/00D002 | Flanders | 89 m² | 1 · 196 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAsse2.292.857.294
Similar companies · same sector, comparable size
CR CORP
BE 0731.796.011
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KKS & CO
BE 0789.516.058
Niel · Eq €81k
Frituur Suikerrui
BE 0543.636.795
Antwerpen · Eq €81k
VERSCHELDE PROJECTS
BE 0472.754.640
Oostende · Eq €81k
XIAOFENG
BE 0847.780.592
Liège · Eq €81k
Of 21,621 companies in sector 56112 we hold annual accounts for 9,654. 7,936 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2019
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:zoorchang.mehdi@gmail.com
Phone:0487 39 40 46