S & H GROUP
ActiveSummary
The computed 12-month bankruptcy probability of S & H GROUP is 1.8% (moderate). The 2024 annual accounts show equity of €34k and a net result of €-20k. Equity is shrinking by ~13.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 67% of 26043 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-10
Solvency77▼-23
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 17.11 in 2023; short-term debt: 47.8% and cash: 4.4% of total assets), and 47.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.2%
Return on assets
-31.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
4 d late
2022
20 d late
2021
9 d early
2020
55 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k▼ 383%
2023 · €-4k
Working capital
€-6k
2023 · €53k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€49k€-28k€-41k▼ 46.8%€-4k▲ 90.3%€-20k▼ 403%
Net result€39k€-32k€-42k▼ 31.0%€-4k▲ 89.9%€-20k▼ 383%
Equity€132k▲ 41.9%€100k▼ 24.1%€59k▼ 41.5%€54k▼ 7.2%€34k▼ 37.4%
Total assets€157k▲ 47.1%€103k▼ 34.6%€63k▼ 38.8%€58k▼ 8.4%€65k▲ 12.9%
Debt€25k▲ 82.0%€3k▼ 89.6%€4k▲ 66.6%€3k▼ 24.4%€31k▲ 840%
Working capital€131k▲ 41.2%€98k▼ 25.3%€57k▼ 41.8%€53k▼ 6.2%€-6k
Staff (FTE)0.1
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2024 against €4k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65k
Fixed assets
€40k ▲ 3,741%
Current assets
€26k ▼ 54.8%
Equity and liabilities €65k
Equity
€34k ▼ 37.4%
Debt
€31k ▲ 840%
Debt's share of the balance-sheet total rises from 5.7% to 47.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-17k▼
2023 · €-3k
Cash flow
€-17k▼
2023 · €-4k
Current ratio
0.82▼
2023 · 17.11
Quick ratio
0.60▼
2023 · 3.93
Debt to equity
0.91▲
2023 · 0.06
ROE
-59.8%▼
2023 · -7.7%
ROA
-31.2%▼
2023 · -7.3%
Interest coverage
-79.73▼
2023 · -15.48
Debt ≤ 1 year
€31k▲
2023 · €3k
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €260k | €141k | €148k | €119k | ▼ 19.3% |
| Remuneration, social security and pensions62 | - | - | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €538 | €801 | €836 | €698 | €3k | ▲ 348% |
| Other operating charges640/8 | - | €1k | €4k | €4k | €1k | ▼ 68.5% |
| Gross operating margin9900 | €51k | €-26k | €-36k | €519 | €-14k | ▼ 2,747% |
| Operating profit (loss)9901 | €49k | €-28k | €-41k | €-4k | €-20k | ▼ 403% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €253 | €259 | €214 | €214 | = |
| Recurring financial charges65 | €199 | €253 | €259 | €214 | €214 | = |
| Profit (loss) for the period before taxes9903 | €49k | €-28k | €-42k | €-4k | €-20k | ▼ 383% |
| Income taxes67/77 | €10k | €3k | - | - | - | - |
| Profit (loss) for the period9904 | €39k | €-32k | €-42k | €-4k | €-20k | ▼ 383% |
| Profit (loss) for the period to be appropriated9905 | €39k | €-32k | €-42k | €-4k | €-20k | ▼ 383% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157k | €103k | €63k | €58k | €65k | ▲ 12.9% |
| Fixed assets21/28 | €1k | €3k | €2k | €1k | €40k | ▲ 3,741% |
| Tangible fixed assets22/27 | €1k | €2k | €2k | €881 | €30k | ▲ 3,333% |
| Furniture and vehicles24 | - | €688 | €275 | - | €30k | - |
| Other tangible fixed assets26 | - | €2k | €1k | €881 | €458 | ▼ 48.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €9k | ▲ 6,133% |
| Current assets29/58 | €156k | €100k | €61k | €57k | €26k | ▼ 54.8% |
| Stocks and contracts in progress3 | €30k | €13k | €7k | €44k | €7k | ▼ 84.0% |
| Stocks30/36 | - | €13k | €7k | €44k | €7k | ▼ 84.0% |
| Amounts receivable within one year40/41 | €31k | €10k | €7k | €5k | €14k | ▲ 177% |
| Trade receivables40 | - | €6k | €2k | €578 | €13k | ▲ 2,132% |
| Other amounts receivable41 | - | €5k | €5k | €4k | €662 | ▼ 84.7% |
| Cash at bank and in hand54/58 | €94k | €77k | €47k | €7k | €3k | ▼ 61.0% |
| Deferred charges and accrued income490/1 | - | €66 | €733 | €766 | €2k | ▲ 187% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157k | €103k | €63k | €58k | €65k | ▲ 12.9% |
| Equity10/15 | €132k | €100k | €59k | €54k | €34k | ▼ 37.4% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €88k | €56k | €15k | €10k | €-10k | ▼ 195% |
| Amounts payable17/49 | €25k | €3k | €4k | €3k | €31k | ▲ 840% |
| Amounts payable within one year42/48 | €25k | €3k | €4k | €3k | €31k | ▲ 840% |
| Trade debts44 | €16k | €3k | €4k | €1k | €5k | ▲ 246% |
| Suppliers440/4 | - | €3k | €4k | €1k | €5k | ▲ 246% |
| Taxes, remuneration and social security45 | - | - | - | €31 | €2k | ▲ 6,774% |
| Taxes450/3 | - | - | - | €31 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | - | - | €2k | €24k | ▲ 1,200% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €-32k | €-42k | €-4k | €-20k | ▼ 383% |
| + Depreciation and write-downs630 | €538 | €801 | €836 | €698 | €3k | ▲ 348% |
| Operating cash flow (approximation) | €40k | €-31k | €-41k | €-4k | €-17k | ▼ 390% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-42k | - |
| Change in cash | - | €-16k | €-30k | €-39k | €-5k | ▲ 88.6% |
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
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
04-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 4 days late
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 38.13
Current ratio from 6.19 to 38.13; short-term debt falls from €25k to €3k.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Equity above €100kEq €132k ▲41.9%
Equity rises from €93k to €132k.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
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.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 2024
Ground area
327 m²
Building footprint
60 m²
Volume, LiDAR
601 m³
Parcel 21342B0045/00X003, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
S & H GROUP
since 20242.365.480.897
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0045/00X003 | Brussels | 327 m² | 1 · 60 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,665 companies in sector 47811 we hold annual accounts for 5,218. 3,055 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
47812Retail trade
49420Removal services
Scores and ratios are computed by Checked and are not a credit decision.