Equity
Equity rose in 2024 from €74,639 to €153,697.
Equity rose in 2024 from €74,639 to €153,697.
Short-term debts fell from €77,765 to €49,431.
Higher net result than 91% of companies in wholesale trade. Sector median €4,939 · 15,410 companies.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 46, micro). It does better than 90% of them on solvency, 82% on liquidity, 95% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as SH SPORT has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SH SPORT itself is higher: 4.9% within 12 months. It rests on far more data about SH SPORT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for SH SPORT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.11 (1.94 in 2023), above the usual 1.5. Short-term debt is 24.3% and cash 30.7% of total assets. 24.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 332 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SH SPORT Saint-Ghislain | €203,135 | €79,957 | 75.7% | - |
| MD Smart Project Fleurus | €206,519 | €94,275 | 65.6% | - |
| Easypack Zandhoven | €183,549 | €77,342 | 83.2% | - |
| JSVVE Antwerp | €178,632 | €79,974 | 30.5% | - |
| ARTEVA ANTIQUITES Jemeppe-sur-Sambre | €221,898 | €108,567 | 54.8% | - |
| MONEYTIC Brussels | €193,773 | €56,504 | 4.3% | - |
| Jeffrey Van Impe Ghent | €151,627 | €92,332 | 82.3% | - |
These companies have the same main activity as SH SPORT: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €152,000 and €222,000, founded between 2022 and 2024.
The computed 12-month bankruptcy probability of SH SPORT is 4.9% (elevated). The 2024 annual accounts show equity of €153,697 and a net result of €79,058.
Its solvency ranks better than 79% of 15,428 sector peers (NACE 46, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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