Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
SHAFA from Sint-Jans-Molenbeek, company number BE0479728049, closed financial year 2025 with a result of € 42,210 after tax. For that financial year SHAFA recorded a gross margin of € 119,708 and equity of € 238,536. Compared with financial year 2024, the result moved from € -758 to € 42,210. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 238,536
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,210
▲ still € 758 loss in 2024
Profit after tax over the fiscal year.
€ 22,838
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 224,936.
Debts at end 2025
€ 106,874
▼ 17% vs 2024
€ 25,192 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2,682
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,788
▲ 151% 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 | € 94,728 | € 92,471 | € 89,734 | € 119,708 | ▲ 33% |
| Profit after taxes | € 42,527 | € 40,099 | € -758 | € 42,210 | ▲ € 42,968 |
| Equity | € 156,985 | € 197,084 | € 196,326 | € 238,536 | ▲ 21% |
| Total debts | € 299,041 | € 226,232 | € 666,455 | € 621,023 | ▼ 7% |
| Cash | € 13,079 | € 1,626 | € 53,376 | € 22,838 | ▼ 57% |
| Land & buildings | € 435,496 | € 413,165 | € 783,034 | € 818,887 | ▲ 5% |
| Retained profit | € 143,385 | € 183,484 | € 182,726 | € 224,936 | ▲ 23% |
| Bank debt | € 177,244 | € 155,461 | € 128,435 | € 106,874 | ▼ 17% |
| Balance sheet total | € 456,026 | € 423,317 | € 862,781 | € 859,558 |
Key figures of SHAFA, 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 SHAFA?
What happened at SHAFA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 42,210. filed late Source: NBB ↗
- New establishment in Sint-Jans-Molenbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,527 profit in 2022 to € 42,210 profit in 2025.
Paid € 58,579 in corporate taxes since 2022.
Best year ever: 2022, with € 42,527 profit.
Management
Behind SHAFA is Mohsen Rahnama. Mohsen Rahnama is also behind EUROCARE and MESHKAAT.
Establishments
Establishment units
Physical locations of this company
Ninoofsesteenweg 111
1080 Sint-Jans-Molenbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.728.049
- VAT number
- BE 0479.728.049
- Registered office
- Ninoofsesteenweg 111, 1080 Sint-Jans-Molenbeek
- Names & denominations
- SHAFA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2003
- Peppol
- Active · Active since 27 Feb 2026
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Verhuur en lease van andere consumentenartikelen, n.e.g.