KAN-SHA
ActiveSummary
The computed 12-month bankruptcy probability of KAN-SHA is 2.0% (moderate). The 2025 annual accounts show negative equity (-€19,280) and a net result of -€2,250. Equity is growing by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 7098 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 84 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,555 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €213,516 | €326,078 | €452,183 | ▲ 38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €656 | €873 | €1,339 | ▲ 53.4% |
| Other operating charges640/8 | €3,590 | €2,194 | €503 | ▼ 77.1% |
| Gross operating margin9900 | €170,524 | €354,539 | €452,825 | ▲ 27.7% |
| Operating profit (loss)9901 | -€47,238 | €25,394 | -€1,200 | ▼ 105% |
| Financial charges65/66B | €98 | €87 | €1,050 | ▲ 1,103% |
| Recurring financial charges65 | €98 | €87 | €1,050 | ▲ 1,103% |
| Profit (loss) for the period before taxes9903 | -€47,336 | €25,307 | -€2,250 | ▼ 109% |
| Profit (loss) for the period9904 | -€47,336 | €25,307 | -€2,250 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | -€47,336 | €25,307 | -€2,250 | ▼ 109% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €37,362 | €69,782 | €114,743 | ▲ 64.4% |
| Formation expenses20 | €792 | €571 | €350 | ▼ 38.7% |
| Fixed assets21/28 | €2,132 | €2,430 | €2,801 | ▲ 15.3% |
| Tangible fixed assets22/27 | €1,982 | €2,280 | €2,651 | ▲ 16.3% |
| Plant, machinery and equipment23 | €1,982 | €2,280 | €2,651 | ▲ 16.3% |
| Financial fixed assets28 | €150 | €150 | €150 | = |
| Current assets29/58 | €34,438 | €66,781 | €111,593 | ▲ 67.1% |
| Amounts receivable within one year40/41 | €25,982 | €22,657 | €46,583 | ▲ 106% |
| Trade receivables40 | €14,000 | - | €9,706 | - |
| Other amounts receivable41 | €11,982 | €22,657 | €36,878 | ▲ 62.8% |
| Cash at bank and in hand54/58 | €2,777 | €4,252 | €885 | ▼ 79.2% |
| Deferred charges and accrued income490/1 | €5,679 | €39,871 | €64,125 | ▲ 60.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €37,362 | €69,782 | €114,743 | ▲ 64.4% |
| Equity10/15 | -€42,336 | -€17,030 | -€19,280 | ▼ 13.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€47,336 | -€22,030 | -€24,280 | ▼ 10.2% |
| Amounts payable17/49 | €79,699 | €86,812 | €134,024 | ▲ 54.4% |
| Amounts payable within one year42/48 | €79,699 | €86,607 | €131,905 | ▲ 52.3% |
| Trade debts44 | €34,899 | €27,085 | €39,883 | ▲ 47.2% |
| Suppliers440/4 | €34,899 | €27,085 | €39,883 | ▲ 47.2% |
| Taxes, remuneration and social security45 | €44,800 | €59,521 | €92,023 | ▲ 54.6% |
| Taxes450/3 | - | €3,193 | - | - |
| Remuneration and social security454/9 | €44,800 | €56,328 | €92,023 | ▲ 63.4% |
| Accrued charges and deferred income492/3 | - | €205 | €2,118 | ▲ 932% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,336 | €25,307 | -€2,250 | ▼ 109% |
| + Depreciation and write-downs630 | €656 | €873 | €1,339 | ▲ 53.4% |
| Operating cash flow (approximation) | -€46,681 | €26,179 | -€912 | ▼ 103% |
| Investment in fixed assets (approximation) | - | -€1,171 | -€1,709 | ▼ 46.0% |
| Change in cash | - | €1,475 | -€3,368 | ▼ 328% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41004B0301/00D000 | Flanders | 128 m² | 1 · 94 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.