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Scheut

Active
Private limited companyfounded 2010active for 16 yearsRuggeveldlaan 763, 2100 Antwerpen, BelgiumKBO/BCE: BE 0825.012.813
Summary

Scheut has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,871 and a net result of €26,839. Equity is growing by about 9.5% per year across the filed financial years. Its solvency ranks better than 85% of 38,960 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€97,871▲ 37.8%
2024 · €71,031
Total assets
€112,134▲ 6.0%
2024 · €105,790
Net result
€26,839▼ 28.7%
2024 · €37,653
Working capital
€96,952▲ 38.2%
2024 · €70,131
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 35% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€32,485 2025 Net result€26,839 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€7,103--€1,587▲ 77.7%€27,102-€13,896€7,084€4,396▼ 37.9%€50,288▲ 1,044%€32,485▼ 35.4%
Net result-€6,547-€6€26,828within the sector's middle half▲ 415,192%-€14,485below the sector's middle half€6,622within the sector's middle half€1,111below the sector's middle half▼ 83.2%€37,653within the sector's middle half▲ 3,290%€26,839within the sector's middle half▼ 28.7%
Equity€43,439-€43,445=€57,273within the sector's middle half▲ 31.8%€42,788within the sector's middle half▼ 25.3%€49,410within the sector's middle half▲ 15.5%€50,521within the sector's middle half▲ 2.2%€71,031within the sector's middle half▲ 40.6%€97,871within the sector's middle half▲ 37.8%
Total assets€45,402-€49,245▲ 8.5%€73,385below the sector's middle half▲ 49.0%€58,879below the sector's middle half▼ 19.8%€55,840below the sector's middle half▼ 5.2%€63,626below the sector's middle half▲ 13.9%€105,790within the sector's middle half▲ 66.3%€112,134within the sector's middle half▲ 6.0%
Debt€1,963-€5,800▲ 195%€16,112▲ 178%€16,091▼ 0.1%€6,430▼ 60.0%€13,105▲ 104%€34,758▲ 165%€14,264▼ 59.0%
Working capital€43,296-€43,445▲ 0.3%€50,028within the sector's middle half▲ 15.2%€37,055within the sector's middle half▼ 25.9%€45,024within the sector's middle half▲ 21.5%€48,574within the sector's middle half▲ 7.9%€70,131within the sector's middle half▲ 44.4%€96,952within the sector's middle half▲ 38.2%
Solvency95.7%-88.2%▼ 7.5pp78.0%above the sector's middle half▼ 10.2pp72.7%within the sector's middle half▼ 5.4pp88.5%above the sector's middle half▲ 15.8pp79.4%above the sector's middle half▼ 9.1pp67.1%within the sector's middle half▼ 12.3pp87.3%above the sector's middle half▲ 20.1pp
Current ratio23.06-8.49▼ 14.574.11within the sector's middle half▼ 4.393.30within the sector's middle half▼ 0.808.00above the sector's middle half▲ 4.704.71above the sector's middle half▼ 3.303.02within the sector's middle half▼ 1.697.80above the sector's middle half▲ 4.78
Return on assets (ROA)-14.4%-0.0%▲ 14.4pp36.6%above the sector's middle half▲ 36.5pp-24.6%below the sector's middle half▼ 61.2pp11.9%within the sector's middle half▲ 36.5pp1.7%within the sector's middle half▼ 10.1pp35.6%above the sector's middle half▲ 33.8pp23.9%within the sector's middle half▼ 11.7pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112,134
Fixed assets €919 ▲ 2.1%
Current assets €111,215 ▲ 6.0%
Equity and liabilities €112,134
Equity €97,871 ▲ 37.8%
Debt €14,264 ▼ 59.0%
Debt's share of the balance-sheet total falls from 32.9% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€33,312▼
2024 · €51,335
Cash flow
€27,667▼
2024 · €38,699
Debt to equity
0.15▼
2024 · 0.49
ROE
27.4%▼
2024 · 53.0%
Interest coverage
52.52▼
2024 · 89.70
Debt ≤ 1 year
€14,264▼
2024 · €34,758
Income taxes
€7,944▼
2024 · €13,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 34,695 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 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€105,790€112,134▲
Fixed assets21/28€900€919▲
Tangible fixed assets22/27€900€919▲
Plant, machinery and equipment23€201€919▲
Furniture and vehicles24€700€0▼
Current assets29/58€104,889€111,215▲
Amounts receivable after more than one year29€15,590€22,800▲
Other amounts receivable291€15,590€22,800▲
Amounts receivable within one year40/41€2,494€20,646▲
Trade receivables40€2,494€0▼
Other amounts receivable41-€20,646
Current investments50/53€29,158€29,158=
Cash at bank and in hand54/58€54,904€35,431▼
Deferred charges and accrued income490/1€2,743€3,180▲
Equity and liabilities
Total equity and liabilities10/49€105,790€112,134▲
Equity10/15€71,031€97,871▲
Contributions10/11€50,000€50,000=
Reserves13€51,120€51,120=
Non-distributable reserves130/1€120€120=
Reserves not available under the articles1311€120€120=
Tax-exempt reserves132€252€252=
Distributable reserves133€50,748€50,748=
Profit (loss) carried forward14-€30,089-€3,250▲
Amounts payable17/49€34,758€14,264▼
Amounts payable within one year42/48€34,758€14,264▼
Current portion of amounts payable after more than one year42€7,460€9,023▲
Trade debts44€4,108€1,870▼
Suppliers440/4€4,108€1,870▼
Taxes, remuneration and social security45€10,850€3,371▼
Taxes450/3€10,850€3,371▼
Remuneration and social security454/9€0-
Other amounts payable47/48€12,339€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,046€828▼
Other operating charges640/8€1,439€794▼
Gross operating margin9900€52,774€34,106▼
Operating profit (loss)9901€50,288€32,485▼
Financial income75/76B€937€2,933▲
Recurring financial income75€937€2,933▲
Financial charges65/66B€572€634▲
Recurring financial charges65€572€634▲
Profit (loss) for the period before taxes9903€50,653€34,783▼
Income taxes67/77€13,000€7,944▼
Profit (loss) for the period9904€37,653€26,839▼
Profit (loss) for the period to be appropriated9905€37,653€26,839▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2,028-€3,250▼
Profit (loss) brought forward from the previous period14P-€39,681-€30,089▲
Transfer to equity691/2€10,918€0▼
To other reserves6921€10,918€0▼
Profit to be distributed694/7€17,143€0▼
Return on contributions (dividend)694€17,143€0▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€627€143€161€2,120€2,360€2,439€1,046€828▼ 20.9%
Other operating charges640/8---€563€1,179€419€1,439€794▼ 44.8%
Gross operating margin9900-€6,380€334€27,363-€11,213€10,623€7,255€52,774€34,106▼ 35.4%
Operating profit (loss)9901-€7,103-€1,587€27,102-€13,896€7,084€4,396€50,288€32,485▼ 35.4%
Financial income75/76B---€91€1,163€846€937€2,933▲ 213%
Recurring financial income75€659€1,701€845€91€1,163€846€937€2,933▲ 213%
Financial charges65/66B---€632€1,012€943€572€634▲ 10.8%
Recurring financial charges65€104€107€1,120€632€1,012€943€572€634▲ 10.8%
Profit (loss) for the period before taxes9903-€6,547€6€26,828-€14,437€7,235€4,300€50,653€34,783▼ 31.3%
Income taxes67/77---€48€613€3,189€13,000€7,944▼ 38.9%
Profit (loss) for the period9904-€6,547€6€26,828-€14,485€6,622€1,111€37,653€26,839▼ 28.7%
Profit (loss) for the period to be appropriated9905-€6,547€6€26,828-€14,485€6,622€1,111€37,653€26,839▼ 28.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€45,402€49,245€73,385€58,879€55,840€63,626€105,790€112,134▲ 6.0%
Fixed assets21/28€143€0€7,245€5,733€4,386€1,947€900€919▲ 2.1%
Tangible fixed assets22/27€143€0€7,245€5,733€4,386€1,947€900€919▲ 2.1%
Plant, machinery and equipment23---€565€444€322€201€919▲ 358%
Furniture and vehicles24---€5,168€3,942€1,624€700€0▼ 100%
Current assets29/58€45,259€49,245€66,140€53,146€51,455€61,680€104,889€111,215▲ 6.0%
Amounts receivable after more than one year29----€13,166€15,590€15,590€22,800▲ 46.2%
Other amounts receivable291----€13,166€15,590€15,590€22,800▲ 46.2%
Amounts receivable within one year40/41€25,946€12,692€10,888€21,500€53€2,312€2,494€20,646▲ 728%
Trade receivables40---€13,548€53€2,312€2,494€0▼ 100%
Other amounts receivable41---€7,952€0--€20,646-
Current investments50/53--€29,158€29,158€29,158€29,158€29,158€29,158=
Cash at bank and in hand54/58€3,705€36,552€26,093€644€7,538€13,620€54,904€35,431▼ 35.5%
Deferred charges and accrued income490/1---€1,844€1,540€998€2,743€3,180▲ 15.9%
Equity and liabilities
Total equity and liabilities10/49€45,402€49,245€73,385€58,879€55,840€63,626€105,790€112,134▲ 6.0%
Equity10/15€43,439€43,445€57,273€42,788€49,410€50,521€71,031€97,871▲ 37.8%
Contributions10/11€50,000€50,000-€50,000€50,000€50,000€50,000€50,000=
Reserves13€35,657€35,657€35,657€35,657€40,202€40,202€51,120€51,120=
Non-distributable reserves130/1---€120€120€120€120€120=
Reserves not available under the articles1311---€120€120€120€120€120=
Tax-exempt reserves132---€252€252€252€252€252=
Distributable reserves133---€35,284€39,830€39,830€50,748€50,748=
Profit (loss) carried forward14-€42,218-€42,212-€28,384-€42,869-€40,792-€39,681-€30,089-€3,250▲ 89.2%
Amounts payable17/49€1,963€5,800€16,112€16,091€6,430€13,105€34,758€14,264▼ 59.0%
Amounts payable within one year42/48€1,963€5,800€16,112€16,091€6,430€13,105€34,758€14,264▼ 59.0%
Current portion of amounts payable after more than one year42---€2,667€0-€7,460€9,023▲ 20.9%
Trade debts44€751€2,826€181€2,231€0€2,238€4,108€1,870▼ 54.5%
Suppliers440/4---€2,231€0€2,238€4,108€1,870▼ 54.5%
Taxes, remuneration and social security45---€6,464€6,430€9,069€10,850€3,371▼ 68.9%
Taxes450/3---€4,327€6,430€5,558€10,850€3,371▼ 68.9%
Remuneration and social security454/9---€2,138€0€3,511€0--
Other amounts payable47/48---€4,729€0€1,798€12,339€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€6,547€6€26,828-€14,485€6,622€1,111€37,653€26,839▼ 28.7%
+ Depreciation and write-downs630€627€143€161€2,120€2,360€2,439€1,046€828▼ 20.9%
Operating cash flow (approximation)-€5,920€149€26,989-€12,365€8,982€3,550€38,699€27,667▼ 28.5%
Investment in fixed assets (approximation)-€0-€7,406-€607-€1,013€0€0-€847-
Change in cash-€32,848-€10,459-€25,449€6,893€6,083€41,283-€19,473▼ 147%

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

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