SH OPTICS
ActiveSummary
The computed 12-month bankruptcy probability of SH OPTICS is 2.4% (moderate). The annual accounts of SH OPTICS for fiscal year 2025 show a net loss of 88% of the equity at the start of that year. The 2025 annual accounts show equity of €6,488 and a net result of -€45,749. Its solvency ranks better than 14% of 4238 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 2 accounts on average 78 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 757 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €3,854 | €42,780 | ▲ 1,010% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,103 | €18,590 | ▼ 55.8% |
| Other operating charges640/8 | €4,399 | €4,431 | ▲ 0.7% |
| Gross operating margin9900 | €65,707 | €27,849 | ▼ 57.6% |
| Operating profit (loss)9901 | €15,351 | -€37,951 | ▼ 347% |
| Financial income75/76B | - | €300 | - |
| Recurring financial income75 | - | €300 | - |
| Financial charges65/66B | €9,789 | €7,944 | ▼ 18.8% |
| Recurring financial charges65 | €9,789 | €7,944 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €5,562 | -€45,595 | ▼ 920% |
| Income taxes67/77 | €3,325 | €153 | ▼ 95.4% |
| Profit (loss) for the period9904 | €2,237 | -€45,749 | ▼ 2,145% |
| Profit (loss) for the period to be appropriated9905 | €2,237 | -€45,749 | ▼ 2,145% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €284,958 | €266,324 | ▼ 6.5% |
| Fixed assets21/28 | €146,574 | €118,505 | ▼ 19.2% |
| Tangible fixed assets22/27 | €146,349 | €118,280 | ▼ 19.2% |
| Land and buildings22 | €132,916 | €116,510 | ▼ 12.3% |
| Furniture and vehicles24 | €13,433 | €1,770 | ▼ 86.8% |
| Financial fixed assets28 | €225 | €225 | = |
| Current assets29/58 | €138,383 | €147,819 | ▲ 6.8% |
| Stocks and contracts in progress3 | €124,108 | €145,859 | ▲ 17.5% |
| Stocks30/36 | €124,108 | €145,859 | ▲ 17.5% |
| Amounts receivable within one year40/41 | €710 | €1,960 | ▲ 176% |
| Trade receivables40 | - | €1,154 | - |
| Other amounts receivable41 | €710 | €807 | ▲ 13.6% |
| Cash at bank and in hand54/58 | €13,565 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €284,958 | €266,324 | ▼ 6.5% |
| Equity10/15 | €52,237 | €6,488 | ▼ 87.6% |
| Contributions10/11 | €50,000 | €50,000 | = |
| Capital10 | €50,000 | €50,000 | = |
| Issued capital100 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €2,237 | -€43,512 | ▼ 2,045% |
| Amounts payable17/49 | €232,721 | €259,836 | ▲ 11.7% |
| Amounts payable after more than one year17 | €144,013 | €118,698 | ▼ 17.6% |
| Financial debts170/4 | €144,013 | €118,698 | ▼ 17.6% |
| Amounts payable within one year42/48 | €88,707 | €141,137 | ▲ 59.1% |
| Financial debts43 | €23,982 | €41,224 | ▲ 71.9% |
| Credit institutions430/8 | €23,982 | €41,224 | ▲ 71.9% |
| Trade debts44 | €48,662 | €37,383 | ▼ 23.2% |
| Suppliers440/4 | €48,662 | €37,383 | ▼ 23.2% |
| Advances received on contracts in progress46 | - | €9,870 | - |
| Taxes, remuneration and social security45 | €16,063 | €23,086 | ▲ 43.7% |
| Taxes450/3 | €11,585 | €21,338 | ▲ 84.2% |
| Remuneration and social security454/9 | €4,478 | €1,748 | ▼ 61.0% |
| Other amounts payable47/48 | - | €29,574 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,237 | -€45,749 | ▼ 2,145% |
| + Depreciation and write-downs630 | €42,103 | €18,590 | ▼ 55.8% |
| Operating cash flow (approximation) | €44,340 | -€27,158 | ▼ 161% |
| Investment in fixed assets (approximation) | - | €9,479 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B0525/00D004 | Wallonia | 7,574 m² | 1 · 2,386 m² | - |
| 35384A0113/00G005 | Flanders | 112 m² | 1 · 50 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.