Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Busy address KBO
90 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
SHAH IMEXPORT from Antwerpen, company number BE0436310354, closed financial year 2024 with a result of € -2.3 million after tax. For that financial year SHAH IMEXPORT recorded revenue of € 13.8 million and equity of € 2.1 million. Compared with financial year 2023, the result moved from € -124,197 to € -2.3 million. The company made a loss. The buffer shrank hard: equity is 62 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2025.
€ 2.1 million
▼ 62% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▼ 1737 % more loss than in 2023
Profit after tax over the fiscal year.
€ 144,858
▲ € 131,267 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2024
1.1
▲ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 33,281
▼ 18% vs 2023
€ 30,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 1.6 million
▼ 14% vs 2023
Loans from banks and other lenders, long and short.
€ 1.7 million
▲ € 1.6 million vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 1.7 million
▲ € 1.6 million vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 37,806,076 | € 44,652,297 | € 40,659,008 | € 13,794,848 | ▼ 66% |
| Profit after taxes | € 267,149 | € 173,188 | € -124,197 | € -2,282,113 | ▼ € 2.2 million |
| Equity | € 5,424,246 | € 5,597,434 | € 5,473,237 | € 2,052,624 | ▼ 62% |
| Total debts | € 6,585,501 | € 6,852,061 | € 2,255,580 | € 5,223,432 | ▲ 132% |
| Cash | € 107,257 | € 112,820 | € 13,591 | € 144,858 | ▲ € 131,267 |
| Land & buildings | € 106,455 | € 100,006 | € 94,801 | € 88,793 | ▼ 6% |
| Retained profit | € 1,624,246 | € 1,797,434 | € 1,673,237 | € -1,747,376 | ▼ € 3.4 million |
| Bank debt | € 5,625,665 | € 5,232,233 | € 1,887,484 | € 1,615,243 | ▼ 14% |
| Balance sheet total | € 12,009,746 | € 12,449,494 | € 7,728,817 | € 7,276,056 | ▼ 6% |
| Employees (FTE) | 1 | 1 | 1 | 1.1 | ▲ 0.1 |
Key figures of SHAH IMEXPORT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SHAH IMEXPORT?
What happened at SHAH IMEXPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 2.3 million. filed late Source: NBB ↗
- Tushar Navinchandra SHAH became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 267,149 profit in 2021 to € 2.3 million loss in 2024.
Paid € 203,162 in corporate taxes since 2021.
Best year ever: 2021, with € 267,149 profit.
Pays suppliers within 47 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SHAH IMEXPORT is Tushar Navinchandra SHAH.
Directors
According to the 2024 annual accounts
Tushar Navinchandra SHAH
Director
since 2012
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 53 box 11
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 90 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.310.354
- VAT number
- BE 0436.310.354
- Registered office
- Hoveniersstraat 53 bus 11, 2018 Antwerpen
- Names & denominations
- SHAH IMEXPORT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1988
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
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