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SHA-TEX

Active
Private limited companyfounded 2014active for 12 yearsChinheid 7, 4860 Pepinster, BelgiumKBO/BCE: BE 0547.968.440
Summary

SHA-TEX has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220,456 and a net result of €54,714. Equity has been shrinking by about 5.7% per year since 2018. Its solvency ranks better than 58% of 92 sector peers (NACE 14, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 14-03-2014 Normal situation
Activity
Manufacture of outerwear NACE 14210and 5 others
Establishment unit
2.227.722.190 4860 Pepinster, since 19-03-2014
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Last known board
  • SHABIDirector · until 2024
Shareholders
  • SHABI· score 922025 annual accounts of SHABI

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€88,229
▲ 37.6%
Turnover
≈ €240,000
estimated
Profit
€54,714
▲ 97.5%
Equity
€220,456
▼ 0.6%
Total assets
€376,824
▲ 0.7%
Score breakdownraises risk1 of the last 3 accounts latelowers riskLiquidity: current ratio 2.41, cash €133,945Equity €220,456 (58.5% of total assets)Sector: Manufacture of wearing apparel (NACE 14)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of micro companies in clothing (NACE 14)
Financial strength · tick: 2024
Strong
Solvency 84=
equity 58.5% of total assets
Liquidity 75-6
short-term debt 41.5% · cash 35.5%
Profitability 74+18
return on assets 14.5%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (317 companies, NACE 14, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025highest value 10-2025: 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.41 (2.45 in 2024), above the usual 1.5. Short-term debt is 41.5% and cash 35.5% of total assets. 41.5% of the assets are financed with debt and provisions.
Calculation

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 14, micro). It does better than 71% of them on solvency, 80% on liquidity, 66% on profitability and 44% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.41, cash €133,945
NBB · annual accounts
raises risk · 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €220,456 (58.5% of total assets)
NBB · annual accounts
lowers risk · Sector: Manufacture of wearing apparel (NACE 14)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 days early
2024
57 days late
2023
78 days early
2022
19 days early
2021
31 days late
2020
9 days late
2019
108 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 14), the median for financial year 2024 was 6 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €54,714 8 years View

Recent changes

  1. · Gazette deed Change of role: SHABI, from manager to directorPermanent representative: RENIER Chloé Valérie Isabelle
  2. · Gazette deed Registered office moved from Goe to PepinsterNew seat: Rue Chinheid 7b à 4860 PEPINSTER · Previous seat: Rue de Vesdray, 7.4834 GOE · Resignations: GA MANAGEMENT SRL (director) and Caroline Smets (director)
  3. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as SHA-TEX: manufacture of outerwear (NACE 14210). They are comparable in size and age: total assets between €258,000 and €509,000, founded between 2010 and 2016.

CompanyTotal assetsGross margin
SHA-TEX Pepinster€376,824€88,229
ATELIER BLANCHE Kapelle-op-den-Bos€317,490€72,181
VALLA GROUP Antwerpen€362,142€144,496
ONE Keerbergen€352,753€77,241
Bruidsmode Els Lucienne Poperinge€387,543€144,136
The Robins Brugge€508,637€83,565
JCM MANUFACTORING Thimister-Clermont€257,530€49,760
Full comparison

Key facts about SHA-TEX

What is the company number of SHA-TEX?
The company number of SHA-TEX is 0547.968.440. The VAT number is the same number with BE in front: BE 0547.968.440.
Where is SHA-TEX based?
The registered office is at Chinheid 7, 4860 Pepinster.Company details
What does SHA-TEX do?
According to the KBO register, the main activity is manufacture of outerwear (NACE 14210).
What is the legal form of SHA-TEX?
The legal form of SHA-TEX is Private limited company (BV).
When was SHA-TEX founded?
SHA-TEX was founded on 14-03-2014.
Is SHA-TEX still active?
Yes, SHA-TEX is an active enterprise in the KBO register.
How many employees does SHA-TEX have?
SHA-TEX had an average of 0.8 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of SHA-TEX?
The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €88,229 and 1,291 comparable companies of the same size. It probably lies between €150,000 and €470,000. It is a rough estimate.
Is SHA-TEX profitable?
In financial year 2025, SHA-TEX made a profit of €54,714.
Where can I find the annual accounts of SHA-TEX?
SHA-TEX filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SHA-TEX due?
SHA-TEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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