ACTIVE

CASPIAN TRADITION

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Financial year 2026 · Closed on 31/03/2026

Net result213,3 k €-26,6 %over 1 year

Revenue18,8 M €+5,9 %over 1 year

Equity2,5 M €+1,2 %over 1 year

Workforce17,2 ETP+24,6 %over 1 year

Identity

Source · BCE/KBO

CASPIAN TRADITION is a Public limited company incorporated in 1995. Its main activity is: Wholesale of meat and meat products. Its registered office is in Waterloo. It employs on average 17,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0454.732.337
Incorporation: 23/03/1995
Legal form: Public limited company
Registered office: Avenue des Pâquerettes 55
1410 Waterloo · WallonieSee on map
Contributed capital: 575 000,00 €
Latest accounts: 31/03/2026
Average workforce: 17,2 ETP

Activities (NACE)

46323Wholesale of meat and meat products· main 46381Wholesale of other food, including fish, crustaceans and molluscs 51381Air transport 46494Wholesale of other household goods 46494Wholesale of other household goods 51471Air transport

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2026		2025		2024		2023		2022
Income statement
Revenue	18,8 M €	+5.9%	17,8 M €	+11.9%	15,9 M €	+8.1%	14,7 M €	+19.4%	12,3 M €
EBITDA	1,1 M €	+42.5%	765,5 k €	-12.9%	878,7 k €	-44.3%	1,6 M €	+10.5%	1,4 M €
Operating result	645,6 k €	+0.1%	645 k €	-13.0%	741,1 k €	-21.7%	946,9 k €	+54.5%	612,8 k €
Net result	213,3 k €	-26.6%	290,5 k €	-20.2%	364,1 k €	-37.0%	577,5 k €	+64.7%	350,8 k €
Balance sheet
Equity	2,5 M €	+1.2%	2,5 M €	+4.5%	2,4 M €	+2.3%	2,3 M €	+20.5%	1,9 M €
Total assets	11,6 M €	-6.2%	12,4 M €	+9.2%	11,4 M €	+7.5%	10,6 M €	+23.8%	8,5 M €
Cash	591,6 k €	-22.2%	760,1 k €	-10.2%	846,8 k €	+29.4%	654,1 k €	-14.5%	765,2 k €
Debts	9,1 M €	-8.1%	9,9 M €	+10.4%	9 M €	+9.0%	8,2 M €	+24.8%	6,6 M €
Other
Workforce	17,2 ETP	+24.6%	13,8 ETP	-19.3%	17,1 ETP	+4.9%	16,3 ETP	-1.8%	16,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

3 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ahmad RAZAVI	Managing director01/09/2016 → 01/09/2028
Javad ARYA	Director01/09/2016 → 01/09/2028
Rouhangiz ARYA	Director01/09/2016 → 01/09/2028

Other companies at this address

Avenue des Pâquerettes 55 1410 Waterloo

Company	CBE no.
A.B. CREATION● Active	0888.383.507
ANPI● Active	0466.356.697
Association des copropriétaires de l"Avenue des Pâquerettes, 55"● Active	0820.070.167
Association des copropriétaires de l'avenue des Pâquerettes, drève de l'Infante, drève des Dix Mètres et chemin de Fer Bruxelles-Charleroi - secteur 6● Active	0700.667.028
Association des copropriétaires dite de la route privée zone artisanale à Waterloo, avenue des Pâquerettes, Drève de l'Infante et Drève des Dix Mètres● Active	0841.518.055
Belgian International Automobile Services● Active	0699.921.514
B.P.H.● Active	0424.195.747
CABINET DENTAIRE BERNARD NINANE● Active	0473.741.565
CARROSSERIE DE WATERLOO● Active	0475.065.616
CROSSFIT 1815● Active	0598.902.843
DELTA FOOD● Active	0675.895.901
DexxoBel● Active	1027.018.479
ENTREPRISE DE PEINTURE BAILLY ET CIE● Bankrupt	0422.907.429
Etablissements LHOIR ET MARTEAU● Active	0415.575.516
Etablissements PERDAENS● Active	0435.459.427
EURO CREA● Active	0447.221.567
Europe Trading Corporation● Active	0464.869.728
FUTURE STUDIO● Bankrupt	0880.301.526
Good Display● Active	0464.892.393
H.C.M.D.● Bankrupt	0861.421.168

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2026	22/10/2025	29/11/2024	30/11/2023	30/11/2022	30/11/2021
General meeting	28/09/2026	29/09/2025	24/09/2024	22/09/2023	07/10/2022	27/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2026	28/09/2026	20/10/2026	French	PDF
Full model	31/03/2025	29/09/2025	22/10/2025	French	PDF
Full model	31/03/2024	24/09/2024	29/11/2024	French	PDF
Full model	31/03/2023	22/09/2023	30/11/2023	French	PDF
Full model	31/03/2022	07/10/2022	30/11/2022	French	PDF
Full model	31/03/2021	27/09/2021	30/11/2021	French	PDF
Full model	31/03/2020	25/09/2020	12/11/2020	French	PDF
Full model	31/03/2019	24/09/2019	30/10/2019	French	PDF
Full model	31/03/2018	24/09/2018	30/11/2018	French	PDF
Full model	31/03/2017	22/09/2017	30/11/2017	French	PDF
Full model	31/03/2016	29/09/2016	02/11/2016	French	PDF
Full model	31/03/2015	22/10/2015	30/11/2015	French	PDF
Full model	31/03/2014	29/09/2014	29/12/2014	French	PDF
Abridged model	31/03/2013	24/10/2013	25/10/2013	French	PDF
Abridged model	31/03/2012	26/10/2012	30/10/2012	French	PDF
Abridged model	31/03/2011	26/09/2011	04/11/2011	French	PDF
Abridged model	31/03/2010	29/09/2010	30/09/2010	French	PDF
Abridged model	31/03/2009	01/10/2009	02/10/2009	French	PDF
Abridged model	31/03/2008	20/10/2008	24/11/2008	French	PDF
Abridged model	31/03/2007	22/10/2007	14/11/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/03/2026

3 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ahmad RAZAVI	Managing director01/09/2016 → 01/09/2028
Javad ARYA	Director01/09/2016 → 01/09/2028
Rouhangiz ARYA	Director01/09/2016 → 01/09/2028

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates13/03/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/02/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/09/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/06/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/12/2005
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Rouhangiz ARYA

Javad ARYA

Ahmad RAZAVI

1995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

CASPIAN TRADITION

Avenue des Pâquerettes 55, 1410 Waterloo

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Pâquerettes 55, 1410 WaterlooCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00565537

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CASPIAN TRADITIONCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00565537

Events

2026
Annual accounts 2026213,3 k €↓
2025
Annual accounts 2025290,5 k €↓
2024
Annual accounts 2024364,1 k €↓
2023
Annual accounts 2023577,5 k €↑
2022
Annual accounts 2022350,8 k €↑
2021
Annual accounts 2021196,6 k €↑
2020
Annual accounts 202017,7 k €↓
2019
Annual accounts 201997,5 k €↓
2018
Annual accounts 2018139,7 k €↑
2017
Annual accounts 2017129,2 k €↑
2016
Annual accounts 201637 k €↓
2015
Annual accounts 201569,9 k €↑
2014
Annual accounts 201427,3 k €↓
2013
Annual accounts 201334,1 k €↑
2012
Annual accounts 201232 k €↑
2011
Annual accounts 201114 k €↓
2010
Annual accounts 201032,7 k €↑
2009
Annual accounts 200930,7 k €↓
2008
Annual accounts 2008143 k €↓
2007
Annual accounts 2007148 k €
23/03/1995
IncorporationPublic limited company

CASPIAN TRADITION

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events