sh&zen
Activesh&zen has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €-20k. Equity is growing by ~57% per year across the filed fiscal years. Its solvency ranks better than 35% of 9438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-72
Solvency63▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.17 in 2024; short-term debt: 59.4% and cash: 43.8% of total assets), and 61.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.1%
Return on assets
-9.5%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
63 d late
2022
8 d late
2021
34 d early
2020
37 d early
2019
84 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▼ 20.0%
2024 · €100k
2019: €11k
2020: €8k
2021: €10k
2022: €29k
2023: €55k
2024: €100k
2019 → 2025
Total assets
€209k▼ 36.8%
2024 · €331k
2019: €114k
2020: €94k
2021: €86k
2022: €102k
2023: €143k
2024: €331k
2019 → 2025
Net result
€-20k
2024 · €44k
2019: €-2k
2020: €-2k
2021: €1k
2022: €19k
2023: €27k
2024: €44k
2019 → 2025
Working capital
€25k▼ 34.7%
2024 · €38k
2019: €-56k
2020: €-55k
2021: €-55k
2022: €-46k
2023: €-13k
2024: €38k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€29k▲ 191%€55k▲ 92.9%€100k▲ 80.2%€80k▼ 20.0%
Operating result€3k-€25k▲ 754%€42k▲ 64.1%€70k▲ 68.4%€22k▼ 69.0%
Net result€1k-€19k▲ 1,157%€27k▲ 41.7%€44k▲ 66.5%€-20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209k
Fixed assets
€60k▼ 15.1%
Current assets
€149k▼ 42.8%
Equity and liabilities €209k
Equity
€80k▼ 20.0%
Debt
€129k▼ 44.1%
The debt ratio falls from 69.9% to 61.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €82k
Cash flow
€-7k▼
2024 · €56k
Solvency
38.1%▲
2024 · 30.1%
Current ratio
1.20▲
2024 · 1.17
Quick ratio
1.20▲
2024 · 1.17
Debt / equity
1.62▼
2024 · 2.32
ROE
-25.0%▼
2024 · 44.5%
ROA
-9.5%▼
2024 · 13.4%
Interest coverage
0.83▼
2024 · 12.02
Debt
€129k▼
2024 · €232k
Debt ≤ 1 year
€124k▼
2024 · €222k
Debt > 1 year
€3k▼
2024 · €8k
Income taxes
€179▼
2024 · €19k
Staff costs
€73k▲
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€331k€209k▼
Fixed assets21/28€71k€60k▼
Intangible fixed assets21€56k€49k▼
Tangible fixed assets22/27€15k€11k▼
Land and buildings22-€1
Furniture and vehicles24€15k€11k▼
Financial fixed assets28€205€205=
Current assets29/58€260k€149k▼
Amounts receivable within one year40/41€166k€54k▼
Trade receivables40€160k€48k▼
Other amounts receivable41€6k€6k=
Cash at bank and in hand54/58€90k€92k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€331k€209k▼
Equity10/15€100k€80k▼
Contributions10/11€12k€12k=
Reserves13€86k€86k=
Distributable reserves133€86k€86k=
Profit (loss) carried forward14€2k€-18k▼
Amounts payable17/49€232k€129k▼
Amounts payable after more than one year17€8k€3k▼
Financial debts170/4€8k€3k▼
Amounts payable within one year42/48€222k€124k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€7k€7k▲
Credit institutions430/8€7k€7k▲
Trade debts44€150k€33k▼
Suppliers440/4€150k€33k▼
Taxes, remuneration and social security45€55k€48k▼
Taxes450/3€48k€38k▼
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€6k€31k▲
Accrued charges and deferred income492/3€964€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€66k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€149k€109k▼
Operating profit (loss)9901€70k€22k▼
Financial income75/76B€7€19▲
Recurring financial income75€7€19▲
Financial charges65/66B€7k€42k▲
Recurring financial charges65€7k€42k▲
Profit (loss) for the period before taxes9903€63k€-20k▼
Income taxes67/77€19k€179▼
Profit (loss) for the period9904€44k€-20k▼
Profit (loss) for the period to be appropriated9905€44k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€-18k▼
Profit (loss) brought forward from the previous period14P€1k€2k▲
Transfer to equity691/2€44k-
To other reserves6921€44k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-20k ▼145%
Net result drops to €-20k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2019net €44k ▲66.5%
Operating result €70k, net result €44k, both a record.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hannut · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Mayeurs 44280 HannutGround area
289 m²
Building footprint
84 m²
Volume, LiDAR
708 m³
Parcel 64060B0163/00T000, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
sh&zen
since 20182.275.400.759
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64060B0163/00T000 | Wallonia | 289 m² | 1 · 84 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845001B4F99S1FA6D86
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ROVE ARCHITECTEN
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,320. 5,480 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2018
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.