Equity
€78,475 ▼ 53.2%
BELSHINE paid out €255,190 in dividends. That is 154% of the 2025 profit.
BELSHINE
Lifetime
8 annual accounts with figures on one time axispeak €248,086 (2025)
€248,086▲ 12.9%
peak €165,915 (2025)
€165,915▲ 35.4%
peak €167,750 (2024)
€78,475▼ 53.2%
€318,862▲ 209%
Board3 names since 2018
2 directors and 1 other
Documentsfilings and deeds
21-09-202652 days late
2025micro format
Gross margin from €219,722 to €248,086Result from €122,527 to €165,915Dividend €255,190Equity from €167,750 to €78,475Debts from €103,223 to €318,862Cash from €208,270 to €297,089
Key points
from the 2025 annual accountsTurnover
≈ €420,000 estimated
The micro format states no turnover.
Debts
€318,862 ▲ 209%
Debts rose by €215,639 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€16,120 1.7 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts 6 late
The 2023 accounts came latest: 96 days after the end of the period.
Position in the sector
€165,915
Higher net result than 93% of companies in head offices and management consultancy. Sector median €26,448 · 41,229 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,712 companies had the same profile as BELSHINE has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,712 companies, not a prediction for BELSHINE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0700426706
Capital increase of €6,200 to €18,600
Capital from €12,400 to €18,600 · holds all the shares · General meeting of 04-10-2022 · Gazette deed
Resignation: (director)
Director discharge: · General meeting of 21-12-2021 · Gazette deed
Capital decrease of €6,200 to €12,400
Capital from €18,600 to €12,400 · Changes of role: (director) and (director) · Registered office clause: rue Forêt-Village 19C, 4870 Trooz · General meeting of 07-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELSHINE Trooz | €397,336 | €248,086 | 19.8% | - |
| IDAO Trooz | €315,002 | €229,208 | 6.2% | - |
| CJ GEST Saint-Nicolas | €349,881 | €252,616 | 28.2% | - |
| AM MANAGEMENT Saint-Nicolas | €408,863 | €272,185 | 5.0% | - |
| ki4growth Bruges | €395,162 | €240,799 | 28.4% | - |
| SAGOM Waterloo | €405,639 | €260,232 | 85.7% | - |
| RENAI Grimbergen | €413,266 | €249,773 | 64.2% | - |
These companies have the same main activity as BELSHINE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €315,000 and €413,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 26-07-2018Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.279.142.8804870 Trooz, since 26-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on BELSHINE
BELSHINE files the micro format. That format states no turnover. The gross margin rose from €29,504 in 2018 to €248,086 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELSHINE
- What is the company number of BELSHINE?
- The company number of BELSHINE is 0700.426.706. The VAT number is the same number with BE in front: BE 0700.426.706.
- Where is BELSHINE based?
- The registered office is at Rue Forêt-Village 19C, 4870 Trooz.Company details
- What does BELSHINE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BELSHINE?
- BELSHINE is a private limited company (BV).
- When was BELSHINE founded?
- BELSHINE was founded on 26-07-2018.
- Is BELSHINE still active?
- Yes, BELSHINE is an active enterprise in the KBO register.
- How many employees does BELSHINE have?
- BELSHINE had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELSHINE fall under?
- In its 2025 annual accounts, BELSHINE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of BELSHINE?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €248,086 and 109 comparable companies (NACE 70200). It probably lies between €350,000 and €500,000.
- Is BELSHINE profitable?
- In financial year 2025, BELSHINE made a profit of €165,915.
- Where can I find the annual accounts of BELSHINE?
- BELSHINE filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELSHINE due?
- BELSHINE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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