SCHELFHOUT SERVICES
ActiveSCHELFHOUT SERVICES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €7k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 7673 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
87
/ 100
Excellent▲ +47 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▲+24
Solvency81▲+9
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.46 in 2024), but 53.8% of the assets are financed with debt.
Credit advice 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
2.2%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
13 d early
2023
29 d late
2022
7 d early
2021
31 d late
2020
60 d late
2019
63 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€149k▲ 5.1%
2024 · €141k
2018: €199k
2019: €199k
2020: €163k
2021: €148k
2022: €150k
2023: €153k
2024: €141k
2018 → 2025
Total assets
€321k▼ 9.9%
2024 · €357k
2018: €536k
2019: €459k
2020: €435k
2021: €461k
2022: €460k
2023: €340k
2024: €357k
2018 → 2025
Net result
€7k
2024 · €-11k
2018: €18k
2019: €-79k
2020: €-79k
2021: €-15k
2022: €2k
2023: €3k
2024: €-11k
2018 → 2025
Working capital
€82k▼ 7.9%
2024 · €89k
2018: €129k
2019: €75k
2020: €82k
2021: €104k
2022: €113k
2023: €111k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€150k▲ 1.2%€153k▲ 1.8%€141k▼ 7.4%€149k▲ 5.1%
Operating result€-15k-€4k€8k▲ 109%€-9k€14k
Net result€-15k-€2k€3k▲ 43.7%€-11k€7k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €9k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321k
Fixed assets
€79k▲ 8.9%
Current assets
€242k▼ 14.7%
Equity and liabilities €321k
Equity
€149k▲ 5.1%
Provisions
€7k=
Debt
€166k▼ 20.4%
The debt ratio falls from 58.5% to 51.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€19k▲
2024 · €-5k
Cash flow
€12k▲
2024 · €-7k
Solvency
46.2%▲
2024 · 39.6%
Current ratio
1.51▲
2024 · 1.46
Quick ratio
1.46▲
2024 · 1.41
Debt / equity
1.12▼
2024 · 1.48
ROE
4.8%▲
2024 · -8.0%
ROA
2.2%▲
2024 · -3.2%
Interest coverage
14.58▲
2024 · -3.19
Debt
€166k▼
2024 · €209k
Debt ≤ 1 year
€160k▼
2024 · €195k
Debt > 1 year
€6k▼
2024 · €14k
Income taxes
€7k▲
2024 · €620
Staff costs
€439k▼
2024 · €527k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€357k€321k▼
Fixed assets21/28€73k€79k▲
Tangible fixed assets22/27€72k€79k▲
Land and buildings22€69k€73k▲
Plant, machinery and equipment23€3k€6k▲
Financial fixed assets28€363€363=
Current assets29/58€284k€242k▼
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€5k€5k=
Contracts in progress37€5k€3k▼
Amounts receivable within one year40/41€216k€142k▼
Trade receivables40€188k€142k▼
Other amounts receivable41€28k-
Cash at bank and in hand54/58€52k€87k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€357k€321k▼
Equity10/15€141k€149k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€13k€13k=
Reserves13€110k€117k▲
Distributable reserves133€110k€117k▲
Provisions and deferred taxes16€7k€7k=
Deferred taxes168€7k€7k=
Amounts payable17/49€209k€166k▼
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€195k€160k▼
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€132k€94k▼
Suppliers440/4€132k€94k▼
Taxes, remuneration and social security45€55k€59k▲
Taxes450/3€13k€25k▲
Remuneration and social security454/9€42k€33k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€527k€439k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€527k€463k▼
Operating profit (loss)9901€-9k€14k▲
Financial income75/76B€355€1k▲
Recurring financial income75€355€1k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-11k€14k▲
Income taxes67/77€620€7k▲
Profit (loss) for the period9904€-11k€7k▲
Profit (loss) for the period to be appropriated9905€-11k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€7k▲
Transfer from equity791/2€11k-
Transfer to equity691/2-€7k
To other reserves6921-€7k
Social balance
Average headcount (FTE)90876.85.3▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €150kEq €153k ▲1.8%
2 profitable years in a row build equity to €153k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-12-2015
Marc SCHELFHOUT: Resigned as Manager
23-12-2015
SCHELFHOUT LUC: Resigned as Manager
Location & real-estate footprint
Registered office, Zelzate · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Karnemelkstraat 119060 ZelzateGround area
9,222 m²
Building footprint
3,607 m²
Volume, LiDAR
23,969 m³
Parcel 43302B0430/00N003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SCHELFHOUT SERVICES
since 19912.053.766.350
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43302B0430/00N003 | Flanders | 9,222 m² | 1 · 3,607 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 681 EUR awarded · 681 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 405 EUR | 405 EUR |
| 2023 | 1 | 276 EUR | 276 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
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N+ TECHNICS
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MCM SANITAIR
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Geel · Eq €149k
Of 9,478 companies in sector 43222 we hold annual accounts for 5,626. 4,875 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1991
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@vepasanitair.be
Phone:+32 (9) 3455625