Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MURAD from Mechelen, company number BE0454553975, closed financial year 2025 with a result of € 24,179 after tax. For that financial year MURAD recorded a gross margin of € 55,229 and equity of € 408,626. Compared with financial year 2024, the result moved from € 29,361 to € 24,179. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 408,626
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,179
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 31,490
Cash and bank balances on the last day of the fiscal year.
€ 17,500 paid out
72 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,959
Supplier invoices still open on the last day of the fiscal year.
€ 650
▼ 85% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 46,777 | € 44,744 | € 61,871 | € 55,229 | ▼ 11% |
| Profit after taxes | € 18,631 | € 16,929 | € 29,361 | € 24,179 | ▼ 18% |
| Equity | € 391,257 | € 391,386 | € 401,947 | € 408,626 | ▲ 2% |
| Total debts | € 228,218 | € 244,012 | € 219,395 | € 195,475 | ▼ 11% |
| Cash | € 205 | € 1,200 | € 31,360 | € 31,490 | |
| Land & buildings | € 619,245 | € 603,692 | € 588,139 | € 572,586 | ▼ 3% |
| Retained profit | € 211,257 | € 211,386 | € 221,947 | € 228,626 | ▲ 3% |
| Dividend | € 12,800 | € 16,800 | € 18,800 | € 17,500 | ▼ 7% |
| Bank debt | € 5,310 | € 6,271 | € 7,429 | € 0 | ▼ 100% |
| Balance sheet total | € 619,475 | € 635,397 | € 621,342 | € 604,101 | ▼ 3% |
Key figures of MURAD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MURAD?
What happened at MURAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Djalal Zavieh stepped down as director. NBB
- Monique Vanquickelberge stepped down as director. NBB
- Giti Esfahani Afsarzadeh stepped down as director. NBB
- Bibi Naz Zavieh stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 24,179 (▼ 18% vs 2024). Source: NBB ↗
- Djalal Zavieh became a director. NBB
- Monique Vanquickelberge became a director. NBB
- Giti Esfahani Afsarzadeh became a director. NBB
In short
From € 18,631 profit in 2022 to € 24,179 profit in 2025.
Paid € 9,148 in corporate taxes since 2022.
Best year ever: 2024, with € 29,361 profit.
Paid out € 65,900 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Overheide 34
2800 Mechelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.553.975
- VAT number
- BE 0454.553.975
- Registered office
- Overheide 34, 2800 Mechelen
- Names & denominations
- MURAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 1995
- Peppol
- Not registered