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SHA - DO

Active Private limited companyfounded 1994active for 32 yearsGelovigenstraat 13, 1180 UccleKBO/BCE: BE 0453.573.483

Overview

Lifetime

20 annual accounts with figures on one time axis, 31 filings since 1995
peak €46,696 (2023)
-€4,425▼ €33,378
lowest -€36,962 (2020)
-€8,833▼ €22,981
peak €165,210 (2024)
€156,378▼ 5.3%
€73,447▼ 18.2%
Board1 name since 2021
1 director
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from €28,953 to -€4,425Loss of €8,833Debts from €89,781 to €73,447Investments €13,001

Key points

from the 2025 annual accounts

Investments

€88,594 31.5 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Filings

31 annual accounts since 1995
AprilJune31 JulyOctober200020102020

The 2016 accounts came 8 days late. The other nine of the last ten were filed on time.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 12,322 companies had the same profile as SHA - DO has now. Each dot stands for 31 companies, two years later.

90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.5% stopped without a precise date, possibly only after those two years.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit verdict

Credit check for an amount and term of your choice

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.

Signals

Board and ownership

Director, since 05-07-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0453573483
Resignation: (manager) Reappointment: (director) · Director discharge: · General meeting of 05-07-2023 · Gazette deed
First establishment SHA-DO SPRL, Gelovigenstraat 13, Uccle
Incorporation published on 29-10-1994 · Gazette deed
All 43 events

Comparable companies

same main activity, similar in size and age
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.

Official details

Source: KBO
Status
Active since 04-10-1994Normal situation
Activity
Motion picture, video and television programme production, sound recording and music publishing activitiesNACE 59203and 1 other
Establishment unit
2.069.443.0351180 Uccle, since 20-12-1994
Financial year end
31 December
Peppol
Reachable since 11-12-2025
Company details

Annual accounts 2025

-€4,425
€8,833
€156,378▼ 5.3%
€229,825▼ 9.9%
Employeeson 31-12-2025
0
Filing
Filed on 31-07-2026, on the last day of the filing period
Financials

Insights on SHA - DO

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.

Financials

Annual accounts 2025

abbreviated format, filed on 31-07-2026, on the day of the deadline
-€4,425
▼ €33,378
-€8,291
▼ €32,023
-€5,481
▼ €31,777
-€6,023
▼ €22,734
68.0%
▲ 3.3 percentage points
2.91
▲ 0.14

Turnover: not included in this filing.

Money flows

no detail for 2025

Balance sheet

balance sheet total €229,825 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

68.0%

Higher than 78% of 508 companies in 2025.

2.91

Higher than 77% of 488 companies in 2025.

-3.8%

Higher than 30% of 497 companies in 2025.

SHA - DO Middle half of the sector 80% of the sector Abbreviated accounts in film, video and music (NACE 59)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 229,825254,991231,876216,398257,685193,549254,428236,710236,357233,778207,925150,136147,111124,643128,777164,391104,549116,954135,642125,138
21/28 16,0065,8154,0303,1362,2301,7371,1013,4496,71212,62715,07723,10134,35718,29921,21220,86617,30124,86332,12921,178
22/27 15,7585,5673,7822,8881,9821,4898533,2016,46512,37914,82922,85334,10918,05120,96420,61817,05324,61531,77820,827
23 3,3194,8661,7521,173--7381,4752,2133997981,6675,4966,8346,0892,6771,7861,7869921,151
24 -7012,0311,7151,9821,489-1,0843,04310,12010,27015,45920,8551,5263,2515,3357712,8485,8062,474
26 12,439-00001166431,2091,8603,7615,7277,7589,69111,62412,60610,19511,38012,079-
28 248248248248248248248248248248248248248248248248248248350350
29/58 213,819249,177227,846213,262255,455191,813253,326233,261229,645221,152192,848127,035112,754106,345107,566143,52487,24892,091103,513103,961
40/41 28,45929,46538,35622,91160,66838,21972,71760,66055,60126,30176,19974,44063,95857,15743,16950,24547,55847,05037,55442,521
40 12,76117,69917,4945,88245,96522,91061,79251,82641,25410,83768,85355,59743,77846,96034,93636,11534,25939,61822,30234,419
41 15,69811,76620,86217,03014,70315,30810,9268,83414,34815,4647,34618,84420,18010,1978,23314,13113,2997,43215,2528,102
50/53 52,42452,15152,008152,000152,000140,000154,500159,500149,437149,30474,22047,98642,87438,35960,62871,12225,72125,18740,68750,133
54/58 132,936167,561137,48338,35142,78713,59426,10913,10124,60645,54642,4284,6095,92210,8293,76822,15713,96819,85425,27211,307
Balance sheet: equity and liabilities
10/49 229,825254,991231,876216,398257,685193,549254,428236,710236,357233,778207,925150,136147,111124,643128,777164,391104,549116,954135,642125,138
10/15 156,378165,210151,062123,667159,560127,489158,774154,824150,095144,907139,622133,488126,369121,167112,622104,18695,57089,58589,54688,882
10/11 5,0005,0005,0008,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,5928,592
100 ------18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
101 ------10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000
11 -----8,592--------------
1100/10 -----8,592--------------
13 95,67195,67181,52350,53650,53618,46618,46618,46618,46613,2787,9921,8591,8591,8591,8591,8591,8591,8591,8591,859
130/1 ---1,8591,8591,859--------------
130 ------1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
1311 ---1,859----------------
1319 ----1,8591,859--------------
133 95,67195,67181,52348,67748,67716,60616,60616,60616,60611,4196,133---------
14 55,70764,53964,53964,539100,432100,432131,717127,766123,037123,037123,037123,037115,917110,715102,17193,73585,11979,13479,09478,431
17/49 73,44789,78180,81492,73298,12666,06095,65481,88686,26288,87168,30316,64720,7423,47716,15560,2048,97827,36946,09636,256
17 ---------8315,72210,44815,017----5056,36411,868
170/4 ---------8315,72210,44815,017----5056,36411,868
42/48 73,44789,78180,81492,73298,12666,06095,65481,88686,26288,04062,5816,1995,7253,47716,15560,2048,97826,86426,33724,388
42 --------8314,8904,7274,5694,416---5055,3855,5045,171
43 -1,215-----1,056------------
430/8 -1,215-----1,056------------
44 7,2827,47910,4553,37014,4648,13812,1056,83455110,98910,6641767095052,99748,1408411,6885,2343,546
440/4 7,2827,47910,4553,37014,4648,13812,1056,83455110,98910,6641767095052,99748,1408411,6885,2343,546
45 -4,177531-1,125-5195191,1942,8514,8701,4546001,6509002,5002,134134--
450/3 -4,177531-1,125-5195191,1942,8514,8701,4546001,6509002,5002,134134--
47/48 66,16676,91069,82889,36182,53757,92183,03073,47883,68769,30942,321--1,32212,2589,5645,49819,65715,59815,671
492/3 ------------------13,395-
Income statement
70 -----------------102,227--
76A ---------3,826-1,6677,0941,900-199----
9900 -4,42528,95346,696-32,52539,238-34,34911,19711,56218,96719,93920,58522,21324,67819,97925,30329,95322,45213,80815,03520,430
60/61 -----------------88,419--
630 2,8102,5632,8611,5975719672,3483,2638,8649,3859,22111,25614,61710,0208,61111,14310,76710,06010,8798,768
640/8 1,0562,6574,3711,3351,5611,0871,0198598181,0199471,2032,3899471,1122,3362,1732,0182,1132,226
66A -----------3417,145-4,3074,301-103-1,013
9901 -8,29123,73339,463-35,45637,105-36,4037,8317,4409,2859,53510,4169,7547,6729,01215,58016,4749,5121,7302,0449,435
75/76B 273923613411-831338443755953274564750954313824319
75 273923613411-831338443755953274564750954313824319
65/66B 5914336632243623727663575017297049511,0423922683836621,1671,4221,646
65 5914336632243623727663575017297049511,0423922683836621,1671,4221,646
9903 -8,60823,30839,036-35,66736,747-36,7647,0657,1668,9178,88910,14910,6887,11111,26411,65212,4999,3934731,4467,095
67/77 2249,1606,1902264,6771983,1142,4373,7293,6044,0163,5691,9092,7203,2163,8833,4084347832,717
9904 -8,83314,14832,846-35,89332,070-36,9623,9514,7295,1885,2856,1337,1205,2028,5458,4368,6165,985406634,378
9905 -8,83314,14832,846-35,89332,070-36,9623,9514,7295,1885,2856,1337,1205,2028,5458,4368,6165,985406634,378
Appropriation of the result
9906 55,70778,68797,38564,539132,502100,432131,717127,766128,225128,323129,170123,037115,917110,715102,17193,73585,11979,13479,09478,431
14P 64,53964,53964,539100,432100,432---------------
691/2 -14,14832,846-32,070---5,1885,2856,133---------
6921 -14,14832,846-32,070---5,1885,2856,133---------
Social balance sheet
Hours worked1013 0-------------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-07-2026 2026-00367989 PDF
31-12-2024 full format 23-05-2025 2025-00104371 PDF
31-12-2023 full format 05-04-2024 2024-00060314 PDF
31-12-2022 full format 11-04-2023 2023-00059559 PDF
31-12-2021 full format 06-05-2022 2022-20022023 PDF
31-12-2020 full format 26-04-2021 2021-11300306 PDF
31-12-2019 full format 13-05-2020 2020-12200007 PDF
31-12-2018 full format 29-07-2019 2019-40800452 PDF
31-12-2017 full format 31-07-2018 2018-41700361 PDF
31-12-2016 full format 08-08-2017 2017-42300179 PDF
31-12-2015 full format 26-08-2016 2016-46900051 PDF
31-12-2014 full format 25-08-2015 2015-45500307 PDF
31-12-2013 full format 26-08-2014 2014-46000526 PDF
31-12-2012 full format 30-08-2013 2013-50400030 PDF
31-12-2011 full format 31-08-2012 2012-49800384 PDF
31-12-2010 full format 26-08-2011 2011-43900084 PDF
31-12-2009 full format 20-08-2010 2010-42300146 PDF
31-12-2008 full format 25-08-2009 2009-63000182 PDF
31-12-2007 full format 28-08-2008 2008-63500132 PDF
31-12-2006 full format 01-08-2007 2007-53300355 PDF
31-12-2005 full format 19-07-2006 2006-49600710 PDF
31-12-2004 full format 05-10-2005 2005-81301719 PDF
31-12-2003 full format 15-07-2004 2004-46302230 PDF
31-12-2002 full format 07-07-2003 2003-40202324 PDF
31-12-2001 full format 13-08-2002 2002-47501295 PDF
31-12-2000 full format 11-09-2001 2001-55400537 PDF
31-12-1999 full format 28-09-2000 2000-59500848 PDF
31-12-1998 full format 23-09-1999 1999-48403087 PDF
31-12-1997 full format 11-08-1998 1998-40002653 PDF
31-12-1996 full format 15-09-1997 1997-43405140 PDF
31-12-1995 full format 23-09-1996 1996-44501408 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-5,48126,29642,324-33,85937,676-35,43610,17810,70318,14918,92019,63721,01022,28919,03224,19127,61720,27911,79012,92218,203
-6,02316,71235,708-34,29632,641-35,9956,2987,99214,05214,67115,35418,37619,81918,56517,04719,75916,75210,09911,54213,146
88,5944,3473,7552,5031,0641,602002,9506,9351,198030,6757,1078,45719,0093,2052,89621,83027,708
-34,62530,07999,132-4,43629,193-12,51513,008-11,505-20,9403,11837,819-1,313-4,9067,060-18,3898,189-5,886-5,41813,965-
140,372159,396147,032120,531157,330125,753157,673151,374143,382133,112130,266120,836107,029102,86891,41083,32078,27065,22777,17679,573
-----------------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%
2.912.782.822.302.602.902.652.852.662.513.0820.4919.6930.596.662.389.723.433.934.26
0.470.540.530.750.610.520.600.530.570.610.490.120.160.030.140.580.090.310.510.41
-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%
-9.2860.6763.81-151.35over 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.

Social balance sheet

Item31-12-2025
Employees at the balance-sheet date0
full-time0
part-time0

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
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)

Insights on SHA - DO

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.

Board & ownership

Board

1 director, no change since 2023
Director (not named in the articles)
since 05-07-2023 term without a fixed end
earlier manager, until 02-08-2023
listed in the 2025 annual accounts, filed on 31-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director (not named in the articles), since before 31-12-2021
    • Manager, until 02-08-2023

See the board, name and registered office on a given date →

Control

Capital

Contribution
€5,000
Source
2025 annual accounts

Articles of association

deed of 02-08-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
5 June at 17:00

Network & group

No group

SHA - DO has no parent and no holdings in its annual accounts. is the only director. SHA - DO shares no director with another company.

At the same address

Gelovigenstraat 13, 1180 Uccle · 1 other company
PARCOURS
registered office since 01-05-2008
founded in 1992
0448.388.834

Timeline

Timeline

43 events since 1994

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · on the deadline day
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0453573483
Annual accounts 2024 filed PDFfull format · 69 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 117 days before the deadline
2023
Back to profit net €32,846 The net result is €32,846, after one loss-making year.
Resignation: (manager)Reappointment: (director) · Director discharge: · General meeting of 05-07-20236 points ▸
  • General meeting, 05-07-2023
  • Registered office clause, Brussels-Capital Region
  • 750 shares
  • Director resignation, (manager)
  • Director reappointment, (director (not named in the articles))
  • Director discharge,
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 111 days before the deadline
2022
Annual accounts 2021 filed PDFfull format · 86 days before the deadline
2021
Back to profit net €32,070 The net result is €32,070, after one loss-making year.
Annual accounts 2020 filed PDFfull format · 96 days before the deadline
2020
Weakest financial year net -€36,962 The net result drops to -€36,962, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFfull format · 79 days before the deadline
2019
Annual accounts 2018 filed PDFfull format · 2 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · on the deadline day
2017
Equity above €150,000 equity €150,095 ▲3.6% With a profit in every financial year since 2006, equity grows to €150,095.
Annual accounts 2016 filed PDFfull format · 8 days late
2016
Annual accounts 2015 filed PDFfull format · 26 days late
2015
Annual accounts 2014 filed PDFfull format · 25 days late
2014
Annual accounts 2013 filed PDFfull format · 26 days late
2013
Annual accounts 2012 filed PDFfull format · 30 days late
2012
Liquidity more than quadruples current ratio 30.59 The current ratio rises from 6.66 to 30.59. Short-term debt falls from €16,155 to €3,477.
Annual accounts 2011 filed PDFfull format · 31 days late
2011
Liquidity more than doubled current ratio 6.66 The current ratio rises from 2.38 to 6.66. Short-term debt falls from €60,204 to €16,155.
Annual accounts 2010 filed PDFfull format · 26 days late
2010
Equity above €100,000 equity €104,186 ▲9% With a profit in every financial year since 2006, equity grows to €104,186.
Annual accounts 2009 filed PDFfull format · 20 days late
2009
Liquidity more than doubled current ratio 9.72 The current ratio rises from 3.43 to 9.72. Short-term debt falls from €26,864 to €8,978.
Annual accounts 2008 filed PDFfull format · 25 days late
2008
Annual accounts 2007 filed PDFfull format · 28 days late
2007
Annual accounts 2006 filed PDFfull format · 1 day late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1994
First establishment SHA-DO SPRL, Gelovigenstraat 13, Uccle
Incorporation published on 29-10-1994

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 4 October 1994, SHA - DO was incorporated.1 has served as director since 2023.2 Total assets went from €236,710 in 2018 to €229,825 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0453.573.483
VAT number
BE 0453.573.483
Peppol ID
0208:0453573483
Legal form
Private limited company
Status
Active, normal situation
Founded
04-10-1994
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
5 June at 17:00
deed of 02-08-2023 (in French)
Peppol
Reachable since 11-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SHA - DO in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-08-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Bruxelloise”
deed of 02-08-2023 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
59203 Motion picture, video and television programme production, sound recording and music publishing activities main activity
90012 Arts creation and performing arts activities
Codes under NACEBEL 2003
22140 main activity
92312
PurposeThe purpose describes the activities the company may carry out under its articles.
“La production artistique,l'édition,la publication musicale,l'interprétariat,la location de matériel ayant trait au domaine artistique et à…”
2 activities
  1. La production artistique,l'édition,la publication musicale,l'interprétariat,la location de matériel ayant trait au domaine artistique et à l'art en général
  2. La création et la production musicale;l'interprétation dans le cadre de la chanson et du théâtre;l'écriture et la production de spectacles;la réalisation,la création théâtrale,cinématographique et littéraire
deed of 02-08-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
SHA-DO SPRL registered office Gelovigenstraat 13, 1180 Uccle 20-12-1994 2.069.443.035

Buildings and parcels at the address

Ground area
234 m²
Buildings
92 m²
Volume, LiDAR
837 m³
Tallest building
13.4 m
Buildings to scale, each on its own parcel
92 m², 13.4 m 92 m², 13.4 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21016B0020/00R000234 m² 1 · 92 m² 13.4 m · 3