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SH LOGISTICS

Open bankruptcy
Private limited companyfounded 2019KBO/BCE: BE 0728.476.235

A bankruptcy procedure is open for SH LOGISTICS according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.

Summary

The file additionally contains 1 administrative flag. The 2021 annual accounts show negative equity (-€78,756) and a net result of -€8,437.

SH LOGISTICSOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
French-language Enterprise Court of Brussels
Declared bankrupt
29 January 2024
Supervising judge
Francois Gillet
Official Gazette
05-02-2024 (pdf) ↗search the document for 2024/104127

Deadlines

Appeal or third-party opposition until
passed on 20 February 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 28 February 2024art. XX.104 and XX.155 CEL
First verification report
passed on 6 March 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 29 January 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Christophe BaudouxRue De Clairvaux, 40/202, 1348 Louvain-La-Neuve- . Co-Curateur : Patrick Fraters, Rue Colonel Bourg 127, 1140 Everechristophe.baudoux@walk.law

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-10-2022, 85 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
85 d late
2020
431 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 258 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 13 June 2019, SH LOGISTICS was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2021.2 The company was declared bankrupt on 29 January 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021
  3. 3Belgian State Gazette, 05-02-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€78,756▼ 12.0%
2020 · -€70,319
Total assets
€16,290▼ 42.3%
2020 · €28,253
Net result
-€8,437▲ 88.0%
2020 · -€70,319
Working capital
-€33,844▲ 55.8%
2020 · -€76,597
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021
Operating result-€69,781--€10,772▲ 84.6%
Net result-€70,319below the sector's middle half--€8,437below the sector's middle half▲ 88.0%
Equity-€70,319below the sector's middle half--€78,756below the sector's middle half▼ 12.0%
Total assets€28,253below the sector's middle half-€16,290below the sector's middle half▼ 42.3%
Debt€98,572-€95,046▼ 3.6%
Working capital-€76,597below the sector's middle half--€33,844below the sector's middle half▲ 55.8%
Solvency-248.9%below the sector's middle half--483.5%below the sector's middle half▼ 234.6pp
Current ratio0.21below the sector's middle half-0.24below the sector's middle half▲ 0.03
Return on assets (ROA)-248.9%below the sector's middle half--51.8%below the sector's middle half▲ 197.1pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2020: -€69,781-€69,781Net result 2020: -€70,319-€70,319Operating result 2021: -€10,772-€10,772Net result 2021: -€8,437-€8,43720202021-€80,000-€60,000-€40,000-€20,000€0Operating result 2020: -€69,781-€69,800Net result 2020: -€70,319-€70,300Operating result 2021: -€10,772-€10,800Net result 2021: -€8,437-€8,44020202021
The operating result stays negative: a loss of €10,772 in 2021 against €69,781 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €16,290
Fixed assets €5,576 ▼ 27.6%
Current assets €10,714 ▼ 47.9%
Key figures and ratios
2021 value · change against 2020
EBITDA
-€8,313▲
2020 · -€67,342
Cash flow
-€5,978▲
2020 · -€67,880
Debt to equity
-1.21▲
2020 · -1.40
Interest coverage
-12.97▲
2020 · -124.71
Debt ≤ 1 year
€44,558▼
2020 · €97,152
Debt > 1 year
€24,570▲
2020 · €1,420
Income taxes
€313
Staff costs
€4,944▲
2020 · €1,051
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 43 lines
Balance sheet Code20202021
Assets
Total assets20/58€28,253€16,290▼
Fixed assets21/28€7,698€5,576▼
Tangible fixed assets22/27€6,298€4,876▼
Plant, machinery and equipment23€3,691€2,960▼
Furniture and vehicles24€1,322€764▼
Other tangible fixed assets26€1,285€1,152▼
Financial fixed assets28€1,400€700▼
Current assets29/58€20,555€10,714▼
Amounts receivable within one year40/41€17,308€9,875▼
Trade receivables40€10,183-
Other amounts receivable41€7,125€9,875▲
Cash at bank and in hand54/58€2,679€99▼
Deferred charges and accrued income490/1€568€740▲
Equity and liabilities
Total equity and liabilities10/49€28,253€16,290▼
Equity10/15-€70,319-€78,756▼
Profit (loss) carried forward14-€70,319-€78,756▼
Amounts payable17/49€98,572€95,046▼
Amounts payable after more than one year17€1,420€24,570▲
Financial debts170/4€1,420€24,570▲
Amounts payable within one year42/48€97,152€44,558▼
Current portion of amounts payable after more than one year42€982€1,441▲
Trade debts44€11,101€9,794▼
Suppliers440/4€11,101€9,794▼
Taxes, remuneration and social security45€39,444€1,441▼
Taxes450/3€6,562€1,441▼
Remuneration and social security454/9€32,882-
Other amounts payable47/48€45,625€31,882▼
Accrued charges and deferred income492/3-€25,918
Income statement Code20202021
Remuneration, social security and pensions62€1,051€4,944▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,439€2,459▲
Other operating charges640/8€4,231€1,695▼
Gross operating margin9900-€62,060-€1,674▲
Operating profit (loss)9901-€69,781-€10,772▲
Financial income75/76B€2€3,289▲
Recurring financial income75€2€3,289▲
Financial charges65/66B€540€641▲
Recurring financial charges65€540€641▲
Profit (loss) for the period before taxes9903-€70,319-€8,124▲
Income taxes67/77-€313
Profit (loss) for the period9904-€70,319-€8,437▲
Profit (loss) for the period to be appropriated9905-€70,319-€8,437▲
Appropriation of the result
Profit (loss) to be appropriated9906-€70,319-€78,756▼
Profit (loss) brought forward from the previous period14P--€70,319

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

Line20202021Change
Remuneration, social security and pensions62€1,051€4,944▲ 370%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,439€2,459▲ 0.8%
Other operating charges640/8€4,231€1,695▼ 59.9%
Gross operating margin9900-€62,060-€1,674▲ 97.3%
Operating profit (loss)9901-€69,781-€10,772▲ 84.6%
Financial income75/76B€2€3,289▲ 164,350%
Recurring financial income75€2€3,289▲ 164,350%
Financial charges65/66B€540€641▲ 18.7%
Recurring financial charges65€540€641▲ 18.7%
Profit (loss) for the period before taxes9903-€70,319-€8,124▲ 88.4%
Income taxes67/77-€313-
Profit (loss) for the period9904-€70,319-€8,437▲ 88.0%
Profit (loss) for the period to be appropriated9905-€70,319-€8,437▲ 88.0%
Line20202021Change
Assets
Total assets20/58€28,253€16,290▼ 42.3%
Fixed assets21/28€7,698€5,576▼ 27.6%
Tangible fixed assets22/27€6,298€4,876▼ 22.6%
Plant, machinery and equipment23€3,691€2,960▼ 19.8%
Furniture and vehicles24€1,322€764▼ 42.2%
Other tangible fixed assets26€1,285€1,152▼ 10.4%
Financial fixed assets28€1,400€700▼ 50.0%
Current assets29/58€20,555€10,714▼ 47.9%
Amounts receivable within one year40/41€17,308€9,875▼ 42.9%
Trade receivables40€10,183--
Other amounts receivable41€7,125€9,875▲ 38.6%
Cash at bank and in hand54/58€2,679€99▼ 96.3%
Deferred charges and accrued income490/1€568€740▲ 30.3%
Equity and liabilities
Total equity and liabilities10/49€28,253€16,290▼ 42.3%
Equity10/15-€70,319-€78,756▼ 12.0%
Profit (loss) carried forward14-€70,319-€78,756▼ 12.0%
Amounts payable17/49€98,572€95,046▼ 3.6%
Amounts payable after more than one year17€1,420€24,570▲ 1,630%
Financial debts170/4€1,420€24,570▲ 1,630%
Amounts payable within one year42/48€97,152€44,558▼ 54.1%
Current portion of amounts payable after more than one year42€982€1,441▲ 46.7%
Trade debts44€11,101€9,794▼ 11.8%
Suppliers440/4€11,101€9,794▼ 11.8%
Taxes, remuneration and social security45€39,444€1,441▼ 96.3%
Taxes450/3€6,562€1,441▼ 78.0%
Remuneration and social security454/9€32,882--
Other amounts payable47/48€45,625€31,882▼ 30.1%
Accrued charges and deferred income492/3-€25,918-
Line20202021Change
Profit (loss) for the period9904-€70,319-€8,437▲ 88.0%
+ Depreciation and write-downs630€2,439€2,459▲ 0.8%
Operating cash flow (approximation)-€67,880-€5,978▲ 91.2%
Investment in fixed assets (approximation)--€337-
Change in cash--€2,580-

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

2024
28-06
KBO administration Address struck
event 17-05-2024
05-02
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-01-2024
2022
24-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
05-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 431 days late
SignalNBB filing
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Brussel · 2 establishment units since 2019
seat establishment All 2 establishment units on the map
Ground area
2,405 m²
Building footprint
1,005 m²
Volume, LiDAR
17,252 m³
3 parcels, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
423 companies at this address See who is registered here
2 establishment units
Zakaria Benchaou
Léon Jouretstraat 9, 1050 ElseneLegal and accounting activities
since 20192.290.132.584
Kolonel Bourgstraat 107, 1140 Evere
Legal and accounting activities
since 20202.314.093.564
3 parcels
Brussels 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21372C0131/00W000 Brussels 1,262 m² 1 · 519 m² 18.4 m · 5 fl.
21803C0630/00H003 Brussels 808 m² 1 · 279 m² 26.6 m · 8 fl.
21447B0319/00K005 Brussels 335 m² 1 · 207 m² 17.8 m · 5 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator CHRISTOPHE BAUDOUX
RUE DE CLAIRVAUX, 40/202, 1348 LOUVAIN-LA-NEUVE- . Co-Curateur : PATRICK FRATERS, RUE COLONEL BOURG 127, 1140 EVERE- pf@clpconsulting.be
29-01-2024 → present

Similar companies · same sector

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 2,265 companies in sector 69209 we hold annual accounts for 1,101. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
70200Business and other management consultancy
82990Other business support services
Contact
E-mail zbenchaou@novaconsult.beElsene
Phone 0488572324Elsene
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 29 September 2026 · Peppol Directory

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