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SCHELMA

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 199135 yrs activeWaterloose Steenweg 417, 1050 Elsene, BelgiumKBO/BCE: BE 0444.773.407
Summary

SCHELMA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,583 and a net result of -€1,488. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 40% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▼-2
Solvency47▲+3
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.32 in 2024; short-term debt: 78% and cash: 9% of total assets), and 78% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
22%
Return on assets
-0.7%
Age of the figures
9 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 13-08-2026, 13 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 filings
Deviation from the deadline
2025
13 d late
2024
1 d early
2023
5 d early
2022
21 d late
2021
25 d late
2020
11 d late
2019
41 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 August 1991, SCHELMA was incorporated.1 Total assets went from EUR 338,983 in 2018 to EUR 215,948 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€47,583▼ 3.0%
2024 · €49,070
Total assets
€215,948▼ 14.7%
2024 · €253,278
Net result
-€1,488
2024 · €2,953
Working capital
-€137,888▲ 0.2%
2024 · -€138,132
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
Line20212022202320242025
Operating result-€5,497-€24,398▼ 344%€26,649€3,161▼ 88.1%-€1,419
Net result-€10,584-€29,410▼ 178%€26,131€2,953▼ 88.7%-€1,488
Equity€49,396▼ 17.6%€19,986▼ 59.5%€46,117▲ 131%€49,070▲ 6.4%€47,583▼ 3.0%
Total assets€256,693▼ 10.7%€254,490▼ 0.9%€223,150▼ 12.3%€253,278▲ 13.5%€215,948▼ 14.7%
Debt€207,297▼ 8.9%€234,505▲ 13.1%€177,033▼ 24.5%€204,208▲ 15.4%€168,366▼ 17.6%
Working capital-€142,940▼ 15.3%-€178,455▼ 24.8%-€148,376▲ 16.9%-€138,132▲ 6.9%-€137,888▲ 0.2%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2021: -€5,497-€5,497Net result 2021: -€10,584-€10,584Operating result 2022: -€24,398-€24,398Net result 2022: -€29,410-€29,410Operating result 2023: €26,649€26,649Net result 2023: €26,131€26,131Operating result 2024: €3,161€3,161Net result 2024: €2,953€2,953Operating result 2025: -€1,419-€1,419Net result 2025: -€1,488-€1,48820212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €26,649€26,600Net result 2023: €26,131€26,100Operating result 2024: €3,161€3,160Net result 2024: €2,953€2,950Operating result 2025: -€1,419-€1,420Net result 2025: -€1,488-€1,490202320242025
The operating result turns negative in 2025: a loss of €1,419 after €3,161 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215,948
Fixed assets €185,471 ▼ 0.9%
Current assets €30,478 ▼ 53.9%
Equity and liabilities €215,948
Equity €47,583 ▼ 3.0%
Debt €168,366 ▼ 17.6%
Debt's share of the balance-sheet total falls from 80.6% to 78.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,299▼
2024 · €10,795
Cash flow
€6,230▼
2024 · €10,587
Current ratio
0.18▼
2024 · 0.32
Quick ratio
0.17▼
2024 · 0.29
Debt to equity
3.54▼
2024 · 4.16
ROE
-3.1%▼
2024 · 6.0%
ROA
-0.7%▼
2024 · 1.2%
Interest coverage
50.39▼
2024 · 116.46
Debt ≤ 1 year
€168,366▼
2024 · €204,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.4% went bankrupt
5.0% stopped otherwise
93% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 2,448 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€253,278€215,948▼
Fixed assets21/28€187,202€185,471▼
Tangible fixed assets22/27€183,010€184,962▲
Land and buildings22€183,010€184,962▲
Financial fixed assets28€4,192€508▼
Current assets29/58€66,076€30,478▼
Stocks and contracts in progress3€6,125€1,230▼
Stocks30/36€6,125€1,230▼
Amounts receivable within one year40/41€55,504€8,448▼
Trade receivables40€55,504€6,089▼
Other amounts receivable41-€2,359
Cash at bank and in hand54/58€4,446€19,389▲
Deferred charges and accrued income490/1-€1,411
Equity and liabilities
Total equity and liabilities10/49€253,278€215,948▼
Equity10/15€49,070€47,583▼
Contributions10/11€18,592€18,592=
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Profit (loss) carried forward14€28,619€27,131▼
Amounts payable17/49€204,208€168,366▼
Amounts payable within one year42/48€204,208€168,366▼
Trade debts44€26,000€2,934▼
Suppliers440/4€26,000€2,934▼
Taxes, remuneration and social security45€339€164▼
Taxes450/3€339€164▼
Other amounts payable47/48€177,869€165,267▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,634€7,718▲
Gross operating margin9900€10,795€6,299▼
Operating profit (loss)9901€3,161-€1,419▼
Financial income75/76B€0€57▲
Recurring financial income75€0€57▲
Financial charges65/66B€93€125▲
Recurring financial charges65€93€125▲
Profit (loss) for the period before taxes9903€3,068-€1,488▼
Income taxes67/77€115-
Profit (loss) for the period9904€2,953-€1,488▼
Profit (loss) for the period to be appropriated9905€2,953-€1,488▼
Appropriation of the result
Profit (loss) to be appropriated9906€28,619€27,131▼
Profit (loss) brought forward from the previous period14P€25,666€28,619▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,125€8,075€7,635€7,634€7,718▲ 1.1%
Gross operating margin9900€4,628-€16,322€34,284€10,795€6,299▼ 41.7%
Operating profit (loss)9901-€5,497-€24,398€26,649€3,161-€1,419▼ 145%
Financial income75/76B---€0€57▲ 18,810%
Recurring financial income75---€0€57▲ 18,810%
Financial charges65/66B€4,969€4,894€294€93€125▲ 34.9%
Recurring financial charges65€4,969€4,894€294€93€125▲ 34.9%
Profit (loss) for the period before taxes9903-€10,466-€29,292€26,355€3,068-€1,488▼ 148%
Income taxes67/77€118€119€224€115--
Profit (loss) for the period9904-€10,584-€29,410€26,131€2,953-€1,488▼ 150%
Profit (loss) for the period to be appropriated9905-€10,584-€29,410€26,131€2,953-€1,488▼ 150%
Line20212022202320242025Change
Assets
Total assets20/58€256,693€254,490€223,150€253,278€215,948▼ 14.7%
Fixed assets21/28€209,348€202,472€194,837€187,202€185,471▼ 0.9%
Tangible fixed assets22/27€205,156€198,280€190,645€183,010€184,962▲ 1.1%
Land and buildings22€204,690€197,464€190,237€183,010€184,962▲ 1.1%
Plant, machinery and equipment23€466€816€408---
Financial fixed assets28€4,192€4,192€4,192€4,192€508▼ 87.9%
Current assets29/58€47,345€52,019€28,313€66,076€30,478▼ 53.9%
Stocks and contracts in progress3€45,511€34,322€13,444€6,125€1,230▼ 79.9%
Stocks30/36€45,511€34,322€13,444€6,125€1,230▼ 79.9%
Amounts receivable within one year40/41-€7,345€2,454€55,504€8,448▼ 84.8%
Trade receivables40-€7,345€2,454€55,504€6,089▼ 89.0%
Other amounts receivable41----€2,359-
Cash at bank and in hand54/58-€10€8,371€4,446€19,389▲ 336%
Deferred charges and accrued income490/1€1,835€10,342€4,044-€1,411-
Equity and liabilities
Total equity and liabilities10/49€256,693€254,490€223,150€253,278€215,948▼ 14.7%
Equity10/15€49,396€19,986€46,117€49,070€47,583▼ 3.0%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€30,804€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133€28,945-----
Profit (loss) carried forward14--€465€25,666€28,619€27,131▼ 5.2%
Amounts payable17/49€207,297€234,505€177,033€204,208€168,366▼ 17.6%
Amounts payable after more than one year17€14,507-----
Financial debts170/4€14,507-----
Amounts payable within one year42/48€190,285€230,474€176,689€204,208€168,366▼ 17.6%
Current portion of amounts payable after more than one year42€15,368-----
Financial debts43€22,451€15,393----
Credit institutions430/8€22,451€15,393----
Trade debts44---€26,000€2,934▼ 88.7%
Suppliers440/4---€26,000€2,934▼ 88.7%
Advances received on contracts in progress46€21,813€16,880----
Taxes, remuneration and social security45€1,216€356€686€339€164▼ 51.5%
Taxes450/3€1,216€356€686€339€164▼ 51.5%
Other amounts payable47/48€129,436€197,845€176,003€177,869€165,267▼ 7.1%
Accrued charges and deferred income492/3€2,506€4,031€344---
Line20212022202320242025Change
Profit (loss) for the period9904-€10,584-€29,410€26,131€2,953-€1,488▼ 150%
+ Depreciation and write-downs630€10,125€8,075€7,635€7,634€7,718▲ 1.1%
Operating cash flow (approximation)-€459-€21,335€33,766€10,587€6,230▼ 41.2%
Investment in fixed assets (approximation)--€1,199€0€0-€5,986-
Change in cash--€8,361-€3,925€14,943▲ 481%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €26,131
Net result €26,131 after 2 loss-making years.
21-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial Weakest financial yearnet -€29,410
Net result drops to -€29,410, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
11-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
10-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial Back to profitnet €2,805
Net result €2,805 after one loss-making year.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 58 days late
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, Elsene · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
191 m²
Building footprint
155 m²
Volume, LiDAR
1,522 m³
Parcel 21447B0306/00K042, Brussels · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SCHELMA SC
Waterloose Steenweg 417, 1050 ElseneNACE 5244202
since 19912.054.140.096
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0306/00K042 Brussels 191 m² 1 · 155 m² 14.6 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Best Must Xian 100%
  2. SCHELMA

Highest known parent: Best Must Xian. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 759 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded01-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0444773407
Also 9925:BE0444773407
Registered 26-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.