Losses
-€1.2m in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
SCHELLAERT
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €3.5m (2023)
€2.2m▲ 3.4%
lowest -€621,442 (2024)
-€544,305▲ €77,137
peak €3.7m (2023)
€2.6m▼ 17.6%
€2.3m▲ 65.0%
peak 37.8 FTE (2024)
37.7 FTE▼ 0.3%
Board12 names since 2016
4 directors and 3 others
Owners2 names in the annual accounts
50% and 1 other
Documentsfilings and deeds
13-07-202618 days before the deadline
2025financial year
Loss of €544,305New member of the management board 13-10Equity from €3.1m to €2.6mDebts from €1.4m to €2.3m
Key points
from the 2025 annual accountsTurnover
≈ €6.3m estimated
The accounts state no turnover.
Debts
€2.3m ▲ 65.0%
Debts rose by €897,684 in 2025.
Staff
43 employees on 31-12-2025
In 2025, 17 people joined and 13 left.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 9 to 59 days before the end of the period.
Position in the sector
-€544,305
Lower net result than 95% of companies in specialised construction. Sector median €42,638 · 2,467 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 929 companies had the same profile as SCHELLAERT has now. Each dot stands for 3 companies, two years later.
90.1%
were still trading
8.8%
stopped another way
1.1%
went bankrupt
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 929 companies, not a prediction for SCHELLAERT. 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Managing director,
Director, since 09-05-2023
Director, since 09-05-2023
Director, , since 01-10-2024
- 50%score equity €1.5m (2025) · 2025 annual accounts of
- 50%equity €15.0m (2025) · 2025 annual accounts of
Recent changes
Resignation: (member of the management board)
Permanent representative: · Board meeting of 18-12-2025 · Gazette deed
New member of the management board
appointed, resigned · Permanent representatives: and · Board meeting of 30-07-2025 · Gazette deed
2 directors appointed, 1 resignation
Appointments: (chair) and (chair) · Permanent representatives: , and · Resignation: (member of the management board) · General meeting of 22-10-2024 · Gazette deed
1 director appointed, 1 resignation
Changes of role: (voorzitter raad van toezicht), (member of the management board) and (member of the management board) · Resignation: (member of the executive committee) · Permanent representatives: , , , , and · Board meeting of 09-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SCHELLAERT Aalst | - | - | 52.8% | 37.7 |
| TOPFLOOR Bornem | - | - | 24.2% | 27.5 |
| SCHEVENELS PROJECT INTERIEURS Heusden-Zolder | - | - | 16.2% | 33.9 |
| VERGALLE DECOR Aalst | - | - | 25.8% | 36.3 |
| KREAPAINT Beringen | - | - | 38.2% | 19.5 |
| SIPRES Mons | €2.5m | 5.8% | 49.4% | 114.4 |
| ENTREPRISES MIOT Brussels | €7.5m | 0.2% | 14.1% | 17.1 |
These companies have the same main activity as SCHELLAERT: wallpapering and laying of floor and wall coverings in other materials (NACE 43333). They are comparable in size and age: total assets between €1.4m and €6.3m, founded between 1975 and 2004.
Official details
Source: KBO- Status
- Active since 16-03-1976Normal situation
- Activity
- Wallpapering and laying of floor and wall coverings in other materialsNACE 43333and 3 others
- Joint committees
- 207White-collar workers in the chemical industry
- 116Chemical industry · annual accounts 2025
- Establishment units
- 2.012.141.4729300 Aalst, since 16-03-1976
- 2.250.509.1739051 Ghent, since 01-01-2016and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €4.8m▲ 7.9%
- Employeeson 31-12-2025
- 43▲ 10.3%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on SCHELLAERT
SCHELLAERT has existed since 1976. The gross margin grew from €1.4m in 2006 to €2.2m in 2025 and staff from 26.9 to 37.7 full-time equivalents.
Solvency fell in 2025 from 69.2% to 52.8% because of the loss and higher debts to suppliers.
In July 2022, the Official Gazette published the appointment of as managing director.
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 SCHELLAERT
- What is the company number of SCHELLAERT?
- The company number of SCHELLAERT is 0415.893.933. The VAT number is the same number with BE in front: BE 0415.893.933.
- Where is SCHELLAERT based?
- The registered office is at Dendermondse steenweg 75, 9300 Aalst.Company details
- What does SCHELLAERT do?
- According to the KBO register, the main activity is wallpapering and laying of floor and wall coverings in other materials (NACE 43333).
- What is the legal form of SCHELLAERT?
- SCHELLAERT is a public limited company (NV).
- When was SCHELLAERT founded?
- SCHELLAERT was founded on 16-03-1976.
- Is SCHELLAERT still active?
- Yes, SCHELLAERT is an active enterprise in the KBO register.
- How many employees does SCHELLAERT have?
- SCHELLAERT had an average of 37.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SCHELLAERT fall under?
- In its 2025 annual accounts, SCHELLAERT states joint committees 207 (White-collar workers in the chemical industry) and 116 (Chemical industry).
- What is the turnover of SCHELLAERT?
- The turnover in financial year 2025 is ≈ €6.3m. This figure is estimated from the gross margin of €2.2m and 67 comparable companies (NACE 43). It probably lies between €4.8m and €8.4m.
- Is SCHELLAERT profitable?
- In financial year 2025, SCHELLAERT made a loss of €544,305.
- Where can I find the annual accounts of SCHELLAERT?
- SCHELLAERT filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SCHELLAERT due?
- SCHELLAERT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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