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SH

Active
Private limited companyfounded 2006active for 20 yearsKasteel Beyaerdstraat 6, 1120 Brussel, BelgiumKBO/BCE: BE 0881.123.749
Summary

SH has been active since 2006 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €464,919 and a net result of -€59,743. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 53% of 34,650 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€941,243total assets 2025
Equity
€464,919
Loss
-€59,743
Turnover not published (micro format)
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Holdings
1
Auditor: Pascal LAMBOTTEAccounts 30 days early2 of 4 deeds read
Why 67raises riskLoss of €59,743 (financial year 2025)Sector: Specialised construction activities (NACE 43)Ex-officio strike-off in the KBOlowers riskSize: total assets €941,243Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 26% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 74-26
equity 49.4% of total assets
Liquidity 32-12
short-term debt 39.5% · cash 0.6%
Profitability 11-60
return on assets -6.3%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,603 companies, NACE 43, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.13, compared with 2.05 in 2024, below 1; short-term debt: 39.5% and cash: 0.6% of total assets), and 50.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 54% on solvency, 21% on liquidity, 12% on profitability and 19% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €59,743 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Size: total assets €941,243
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
KBO publications
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
12 days early
2023
12 days early
2022
5 days early
2021
5 days late
2020
30 days late
2019
31 days 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 1 day after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
  1. Address strikeout annulledKBO administration
  2. Address struckevent 17-03-2026
  3. Annual accounts filedfinancial year 2025 · micro…

Key points

  • Caution: From profit to loss in 2025after €12,572 in 2024 -€59,743 View
  • Caution: Among the weakest 5% on net resultsector median €10,236 · 34,637 companies -€59,743 View
  • New directorlatest change 01-06-2026 · 1 in office 1 joined View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Total assets
€941,243
Loss
-€59,743
Solvency
49.4%
Total assets▲ 31.0%
Net result
20182025
Go to Financials

Timeline

Events
26
Since
2008
Next accounts
by 31-07-2027
  1. 01-06-2026Restructuring
  2. 12-02-2026Restructuring
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
05-05-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
27
Purpose
“L'importation et négoce de tous matériels et produits généralement quelconques…” (deed in French)
Go to Articles of association

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