Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
The 2016 accounts came 8 days late. The other nine of the last ten were filed on time.
In July 2024, 12,322 companies had the same profile as SHA - DO has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 12,322 companies, not a prediction for SHA - DO. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SHA - DO Uccle | - | - | 68.0% | - |
| THINK 'N TALK Ixelles | €42,207 | -96.9% | 27.8% | - |
| BACKCATALOGUE Heist-op-den-Berg | - | - | 59.3% | - |
| Magic Oudenaarde | - | - | 21.7% | - |
| M. SOCIETY Rixensart | €2,324 | - | 66.3% | - |
| PURE MUSIC Uccle | - | - | -165.4% | - |
| Private Life Records Berchem-Sainte-Agathe | - | - | -44.3% | - |
These companies have the same main activity as SHA - DO: motion picture, video and television programme production, sound recording and music publishing activities (NACE 59203). They are comparable in size and age: total assets between €124,000 and €409,000, founded between 1986 and 2004.
SHA - DO files the abbreviated format. That format states no turnover. The gross margin fell from €20,430 in 2006 to -€4,425 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Higher than 78% of 508 companies in 2025.
Higher than 77% of 488 companies in 2025.
Higher than 30% of 497 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
229,825 | 254,991 | 231,876 | 216,398 | 257,685 | 193,549 | 254,428 | 236,710 | 236,357 | 233,778 | 207,925 | 150,136 | 147,111 | 124,643 | 128,777 | 164,391 | 104,549 | 116,954 | 135,642 | 125,138 | |
21/28 |
16,006 | 5,815 | 4,030 | 3,136 | 2,230 | 1,737 | 1,101 | 3,449 | 6,712 | 12,627 | 15,077 | 23,101 | 34,357 | 18,299 | 21,212 | 20,866 | 17,301 | 24,863 | 32,129 | 21,178 | |
22/27 |
15,758 | 5,567 | 3,782 | 2,888 | 1,982 | 1,489 | 853 | 3,201 | 6,465 | 12,379 | 14,829 | 22,853 | 34,109 | 18,051 | 20,964 | 20,618 | 17,053 | 24,615 | 31,778 | 20,827 | |
23 |
3,319 | 4,866 | 1,752 | 1,173 | - | - | 738 | 1,475 | 2,213 | 399 | 798 | 1,667 | 5,496 | 6,834 | 6,089 | 2,677 | 1,786 | 1,786 | 992 | 1,151 | |
24 |
- | 701 | 2,031 | 1,715 | 1,982 | 1,489 | - | 1,084 | 3,043 | 10,120 | 10,270 | 15,459 | 20,855 | 1,526 | 3,251 | 5,335 | 771 | 2,848 | 5,806 | 2,474 | |
26 |
12,439 | - | 0 | 0 | 0 | 0 | 116 | 643 | 1,209 | 1,860 | 3,761 | 5,727 | 7,758 | 9,691 | 11,624 | 12,606 | 10,195 | 11,380 | 12,079 | - | |
28 |
248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 248 | 350 | 350 | |
29/58 |
213,819 | 249,177 | 227,846 | 213,262 | 255,455 | 191,813 | 253,326 | 233,261 | 229,645 | 221,152 | 192,848 | 127,035 | 112,754 | 106,345 | 107,566 | 143,524 | 87,248 | 92,091 | 103,513 | 103,961 | |
40/41 |
28,459 | 29,465 | 38,356 | 22,911 | 60,668 | 38,219 | 72,717 | 60,660 | 55,601 | 26,301 | 76,199 | 74,440 | 63,958 | 57,157 | 43,169 | 50,245 | 47,558 | 47,050 | 37,554 | 42,521 | |
40 |
12,761 | 17,699 | 17,494 | 5,882 | 45,965 | 22,910 | 61,792 | 51,826 | 41,254 | 10,837 | 68,853 | 55,597 | 43,778 | 46,960 | 34,936 | 36,115 | 34,259 | 39,618 | 22,302 | 34,419 | |
41 |
15,698 | 11,766 | 20,862 | 17,030 | 14,703 | 15,308 | 10,926 | 8,834 | 14,348 | 15,464 | 7,346 | 18,844 | 20,180 | 10,197 | 8,233 | 14,131 | 13,299 | 7,432 | 15,252 | 8,102 | |
50/53 |
52,424 | 52,151 | 52,008 | 152,000 | 152,000 | 140,000 | 154,500 | 159,500 | 149,437 | 149,304 | 74,220 | 47,986 | 42,874 | 38,359 | 60,628 | 71,122 | 25,721 | 25,187 | 40,687 | 50,133 | |
54/58 |
132,936 | 167,561 | 137,483 | 38,351 | 42,787 | 13,594 | 26,109 | 13,101 | 24,606 | 45,546 | 42,428 | 4,609 | 5,922 | 10,829 | 3,768 | 22,157 | 13,968 | 19,854 | 25,272 | 11,307 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
229,825 | 254,991 | 231,876 | 216,398 | 257,685 | 193,549 | 254,428 | 236,710 | 236,357 | 233,778 | 207,925 | 150,136 | 147,111 | 124,643 | 128,777 | 164,391 | 104,549 | 116,954 | 135,642 | 125,138 | |
10/15 |
156,378 | 165,210 | 151,062 | 123,667 | 159,560 | 127,489 | 158,774 | 154,824 | 150,095 | 144,907 | 139,622 | 133,488 | 126,369 | 121,167 | 112,622 | 104,186 | 95,570 | 89,585 | 89,546 | 88,882 | |
10/11 |
5,000 | 5,000 | 5,000 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | 8,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
11 |
- | - | - | - | - | 8,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 8,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
95,671 | 95,671 | 81,523 | 50,536 | 50,536 | 18,466 | 18,466 | 18,466 | 18,466 | 13,278 | 7,992 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
95,671 | 95,671 | 81,523 | 48,677 | 48,677 | 16,606 | 16,606 | 16,606 | 16,606 | 11,419 | 6,133 | - | - | - | - | - | - | - | - | - | |
14 |
55,707 | 64,539 | 64,539 | 64,539 | 100,432 | 100,432 | 131,717 | 127,766 | 123,037 | 123,037 | 123,037 | 123,037 | 115,917 | 110,715 | 102,171 | 93,735 | 85,119 | 79,134 | 79,094 | 78,431 | |
17/49 |
73,447 | 89,781 | 80,814 | 92,732 | 98,126 | 66,060 | 95,654 | 81,886 | 86,262 | 88,871 | 68,303 | 16,647 | 20,742 | 3,477 | 16,155 | 60,204 | 8,978 | 27,369 | 46,096 | 36,256 | |
17 |
- | - | - | - | - | - | - | - | - | 831 | 5,722 | 10,448 | 15,017 | - | - | - | - | 505 | 6,364 | 11,868 | |
170/4 |
- | - | - | - | - | - | - | - | - | 831 | 5,722 | 10,448 | 15,017 | - | - | - | - | 505 | 6,364 | 11,868 | |
42/48 |
73,447 | 89,781 | 80,814 | 92,732 | 98,126 | 66,060 | 95,654 | 81,886 | 86,262 | 88,040 | 62,581 | 6,199 | 5,725 | 3,477 | 16,155 | 60,204 | 8,978 | 26,864 | 26,337 | 24,388 | |
42 |
- | - | - | - | - | - | - | - | 831 | 4,890 | 4,727 | 4,569 | 4,416 | - | - | - | 505 | 5,385 | 5,504 | 5,171 | |
43 |
- | 1,215 | - | - | - | - | - | 1,056 | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | 1,215 | - | - | - | - | - | 1,056 | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
7,282 | 7,479 | 10,455 | 3,370 | 14,464 | 8,138 | 12,105 | 6,834 | 551 | 10,989 | 10,664 | 176 | 709 | 505 | 2,997 | 48,140 | 841 | 1,688 | 5,234 | 3,546 | |
440/4 |
7,282 | 7,479 | 10,455 | 3,370 | 14,464 | 8,138 | 12,105 | 6,834 | 551 | 10,989 | 10,664 | 176 | 709 | 505 | 2,997 | 48,140 | 841 | 1,688 | 5,234 | 3,546 | |
45 |
- | 4,177 | 531 | - | 1,125 | - | 519 | 519 | 1,194 | 2,851 | 4,870 | 1,454 | 600 | 1,650 | 900 | 2,500 | 2,134 | 134 | - | - | |
450/3 |
- | 4,177 | 531 | - | 1,125 | - | 519 | 519 | 1,194 | 2,851 | 4,870 | 1,454 | 600 | 1,650 | 900 | 2,500 | 2,134 | 134 | - | - | |
47/48 |
66,166 | 76,910 | 69,828 | 89,361 | 82,537 | 57,921 | 83,030 | 73,478 | 83,687 | 69,309 | 42,321 | - | - | 1,322 | 12,258 | 9,564 | 5,498 | 19,657 | 15,598 | 15,671 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,395 | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 102,227 | - | - | |
76A |
- | - | - | - | - | - | - | - | - | 3,826 | - | 1,667 | 7,094 | 1,900 | - | 199 | - | - | - | - | |
9900 |
-4,425 | 28,953 | 46,696 | -32,525 | 39,238 | -34,349 | 11,197 | 11,562 | 18,967 | 19,939 | 20,585 | 22,213 | 24,678 | 19,979 | 25,303 | 29,953 | 22,452 | 13,808 | 15,035 | 20,430 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 88,419 | - | - | |
630 |
2,810 | 2,563 | 2,861 | 1,597 | 571 | 967 | 2,348 | 3,263 | 8,864 | 9,385 | 9,221 | 11,256 | 14,617 | 10,020 | 8,611 | 11,143 | 10,767 | 10,060 | 10,879 | 8,768 | |
640/8 |
1,056 | 2,657 | 4,371 | 1,335 | 1,561 | 1,087 | 1,019 | 859 | 818 | 1,019 | 947 | 1,203 | 2,389 | 947 | 1,112 | 2,336 | 2,173 | 2,018 | 2,113 | 2,226 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 341 | 7,145 | - | 4,307 | 4,301 | - | 103 | - | 1,013 | |
9901 |
-8,291 | 23,733 | 39,463 | -35,456 | 37,105 | -36,403 | 7,831 | 7,440 | 9,285 | 9,535 | 10,416 | 9,754 | 7,672 | 9,012 | 15,580 | 16,474 | 9,512 | 1,730 | 2,044 | 9,435 | |
75/76B |
273 | 9 | 236 | 13 | 4 | 11 | - | 83 | 133 | 84 | 437 | 559 | 532 | 745 | 647 | 509 | 543 | 13 | 824 | 319 | |
75 |
273 | 9 | 236 | 13 | 4 | 11 | - | 83 | 133 | 84 | 437 | 559 | 532 | 745 | 647 | 509 | 543 | 13 | 824 | 319 | |
65/66B |
591 | 433 | 663 | 224 | 362 | 372 | 766 | 357 | 501 | 729 | 704 | 951 | 1,042 | 392 | 268 | 383 | 662 | 1,167 | 1,422 | 1,646 | |
65 |
591 | 433 | 663 | 224 | 362 | 372 | 766 | 357 | 501 | 729 | 704 | 951 | 1,042 | 392 | 268 | 383 | 662 | 1,167 | 1,422 | 1,646 | |
9903 |
-8,608 | 23,308 | 39,036 | -35,667 | 36,747 | -36,764 | 7,065 | 7,166 | 8,917 | 8,889 | 10,149 | 10,688 | 7,111 | 11,264 | 11,652 | 12,499 | 9,393 | 473 | 1,446 | 7,095 | |
67/77 |
224 | 9,160 | 6,190 | 226 | 4,677 | 198 | 3,114 | 2,437 | 3,729 | 3,604 | 4,016 | 3,569 | 1,909 | 2,720 | 3,216 | 3,883 | 3,408 | 434 | 783 | 2,717 | |
9904 |
-8,833 | 14,148 | 32,846 | -35,893 | 32,070 | -36,962 | 3,951 | 4,729 | 5,188 | 5,285 | 6,133 | 7,120 | 5,202 | 8,545 | 8,436 | 8,616 | 5,985 | 40 | 663 | 4,378 | |
9905 |
-8,833 | 14,148 | 32,846 | -35,893 | 32,070 | -36,962 | 3,951 | 4,729 | 5,188 | 5,285 | 6,133 | 7,120 | 5,202 | 8,545 | 8,436 | 8,616 | 5,985 | 40 | 663 | 4,378 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
55,707 | 78,687 | 97,385 | 64,539 | 132,502 | 100,432 | 131,717 | 127,766 | 128,225 | 128,323 | 129,170 | 123,037 | 115,917 | 110,715 | 102,171 | 93,735 | 85,119 | 79,134 | 79,094 | 78,431 | |
14P |
64,539 | 64,539 | 64,539 | 100,432 | 100,432 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 14,148 | 32,846 | - | 32,070 | - | - | - | 5,188 | 5,285 | 6,133 | - | - | - | - | - | - | - | - | - | |
6921 |
- | 14,148 | 32,846 | - | 32,070 | - | - | - | 5,188 | 5,285 | 6,133 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
Hours worked1013 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00367989 | |
| 31-12-2024 | full format | 23-05-2025 | 2025-00104371 | |
| 31-12-2023 | full format | 05-04-2024 | 2024-00060314 | |
| 31-12-2022 | full format | 11-04-2023 | 2023-00059559 | |
| 31-12-2021 | full format | 06-05-2022 | 2022-20022023 | |
| 31-12-2020 | full format | 26-04-2021 | 2021-11300306 | |
| 31-12-2019 | full format | 13-05-2020 | 2020-12200007 | |
| 31-12-2018 | full format | 29-07-2019 | 2019-40800452 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-41700361 | |
| 31-12-2016 | full format | 08-08-2017 | 2017-42300179 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-46900051 | |
| 31-12-2014 | full format | 25-08-2015 | 2015-45500307 | |
| 31-12-2013 | full format | 26-08-2014 | 2014-46000526 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-50400030 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-49800384 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-43900084 | |
| 31-12-2009 | full format | 20-08-2010 | 2010-42300146 | |
| 31-12-2008 | full format | 25-08-2009 | 2009-63000182 | |
| 31-12-2007 | full format | 28-08-2008 | 2008-63500132 | |
| 31-12-2006 | full format | 01-08-2007 | 2007-53300355 | |
| 31-12-2005 | full format | 19-07-2006 | 2006-49600710 | |
| 31-12-2004 | full format | 05-10-2005 | 2005-81301719 | |
| 31-12-2003 | full format | 15-07-2004 | 2004-46302230 | |
| 31-12-2002 | full format | 07-07-2003 | 2003-40202324 | |
| 31-12-2001 | full format | 13-08-2002 | 2002-47501295 | |
| 31-12-2000 | full format | 11-09-2001 | 2001-55400537 | |
| 31-12-1999 | full format | 28-09-2000 | 2000-59500848 | |
| 31-12-1998 | full format | 23-09-1999 | 1999-48403087 | |
| 31-12-1997 | full format | 11-08-1998 | 1998-40002653 | |
| 31-12-1996 | full format | 15-09-1997 | 1997-43405140 | |
| 31-12-1995 | full format | 23-09-1996 | 1996-44501408 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5,481 | 26,296 | 42,324 | -33,859 | 37,676 | -35,436 | 10,178 | 10,703 | 18,149 | 18,920 | 19,637 | 21,010 | 22,289 | 19,032 | 24,191 | 27,617 | 20,279 | 11,790 | 12,922 | 18,203 | ||
| -6,023 | 16,712 | 35,708 | -34,296 | 32,641 | -35,995 | 6,298 | 7,992 | 14,052 | 14,671 | 15,354 | 18,376 | 19,819 | 18,565 | 17,047 | 19,759 | 16,752 | 10,099 | 11,542 | 13,146 | ||
| 88,594 | 4,347 | 3,755 | 2,503 | 1,064 | 1,602 | 0 | 0 | 2,950 | 6,935 | 1,198 | 0 | 30,675 | 7,107 | 8,457 | 19,009 | 3,205 | 2,896 | 21,830 | 27,708 | ||
| -34,625 | 30,079 | 99,132 | -4,436 | 29,193 | -12,515 | 13,008 | -11,505 | -20,940 | 3,118 | 37,819 | -1,313 | -4,906 | 7,060 | -18,389 | 8,189 | -5,886 | -5,418 | 13,965 | - | ||
| 140,372 | 159,396 | 147,032 | 120,531 | 157,330 | 125,753 | 157,673 | 151,374 | 143,382 | 133,112 | 130,266 | 120,836 | 107,029 | 102,868 | 91,410 | 83,320 | 78,270 | 65,227 | 77,176 | 79,573 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.7% | - | - | ||
| 68.0% | 64.8% | 65.1% | 57.1% | 61.9% | 65.9% | 62.4% | 65.4% | 63.5% | 62.0% | 67.2% | 88.9% | 85.9% | 97.2% | 87.5% | 63.4% | 91.4% | 76.6% | 66.0% | 71.0% | ||
| 2.91 | 2.78 | 2.82 | 2.30 | 2.60 | 2.90 | 2.65 | 2.85 | 2.66 | 2.51 | 3.08 | 20.49 | 19.69 | 30.59 | 6.66 | 2.38 | 9.72 | 3.43 | 3.93 | 4.26 | ||
| 0.47 | 0.54 | 0.53 | 0.75 | 0.61 | 0.52 | 0.60 | 0.53 | 0.57 | 0.61 | 0.49 | 0.12 | 0.16 | 0.03 | 0.14 | 0.58 | 0.09 | 0.31 | 0.51 | 0.41 | ||
| -5.6% | 8.6% | 21.7% | -29.0% | 20.1% | -29.0% | 2.5% | 3.1% | 3.5% | 3.6% | 4.4% | 5.3% | 4.1% | 7.1% | 7.5% | 8.3% | 6.3% | 0.0% | 0.7% | 4.9% | ||
| -3.8% | 5.5% | 14.2% | -16.6% | 12.4% | -19.1% | 1.6% | 2.0% | 2.2% | 2.3% | 2.9% | 4.7% | 3.5% | 6.9% | 6.6% | 5.2% | 5.7% | 0.0% | 0.5% | 3.5% | ||
| -9.28 | 60.67 | 63.81 | -151.35 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 141 days | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7 days | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €88,594 | €4,347 | €3,755 | €2,503 | €1,064 |
| €2,810 | €2,563 | €2,861 | €1,597 | €571 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €8,291, after a profit of €23,733 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total falls from 35.2% to 32.0%. Equity and debt are lower.
SHA - DO has no parent and no holdings in its annual accounts. is the only director. SHA - DO shares no director with another company.
| PARCOURS
registered office since 01-05-2008 |
founded in 1992 0448.388.834 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| SHA-DO SPRL registered office Gelovigenstraat 13, 1180 Uccle | 20-12-1994 | 2.069.443.035 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21016B0020/00R000 | 234 m² | 1 · 92 m² | 13.4 m · 3 |
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