SHACKLETON MANAGEMENT
ActiveSummary
SHACKLETON MANAGEMENT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,423 and a net result of €45,481. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+5
Solvency35▲+3
Growth41=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.08 in 2024; short-term debt: 18.5% and cash: 0% of total assets), and 89.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.4%
Return on assets
3.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021232425
2018 to 2025 · latest year €146,423
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-06-2026, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
145 d late
2024
510 d late
2023
on the day
2021
226 d late
2020
61 d late
2019
53 d late
2018
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 146 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€51,920▼ 18.6%
2019 · €63,762
EBIT margin
15.6%▲ 25.1pp
2019 · -9.4%
Net result
€45,481▲ 139%
2024 · €19,061
Working capital
-€254,109▲ 9.2%
2024 · -€279,995
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Turnover€51,920▼ 18.6%
Operating result€8,120€17,002▲ 109%-€12,421-€36,601€66,559▲ 81.8%
Net result-€25,381▲ 35.8%€1,301-€22,467-€19,061€45,481▲ 139%
EBIT margin15.6%▲ 25.1pp
Equity€103,047▼ 19.8%€104,348▲ 1.3%€81,881-€100,942▲ 23.3%€146,423▲ 45.1%
Total assets€1.5m▲ 1.1%€1.4m▼ 2.2%€1.5m-€1.4m▼ 3.5%€1.4m▼ 1.4%
Debt€1.4m▲ 3.2%€1.3m▼ 2.4%€1.4m-€1.3m▼ 5.1%€1.3m▼ 5.0%
Working capital-€281,181▼ 151%-€188,984▲ 32.8%-€169,521--€279,995▼ 65.2%-€254,109▲ 9.2%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 82% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m =
Current assets
€5,376 ▼ 79.1%
Equity and liabilities €1.4m
Equity
€146,423 ▲ 45.1%
Debt
€1.3m ▼ 5.0%
Debt's share of the balance-sheet total falls from 92.9% to 89.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.02▼
2024 · 0.08
Debt to equity
8.60▼
2024 · 13.12
ROE
31.1%▲
2024 · 18.9%
ROA
3.2%▲
2024 · 1.3%
Debt ≤ 1 year
€259,485▼
2024 · €305,726
Debt > 1 year
€999,526▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €51,920 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,346 | €1,346 | - | - | - | - |
| Other operating charges640/8 | - | €1,691 | €1,879 | €397 | €129 | ▼ 67.3% |
| Gross operating margin9900 | €9,755 | €20,039 | -€10,541 | €36,998 | €66,689 | ▲ 80.3% |
| Operating profit (loss)9901 | €8,120 | €17,002 | -€12,421 | €36,601 | €66,559 | ▲ 81.8% |
| Financial income75/76B | - | - | €5,537 | - | - | - |
| Recurring financial income75 | - | - | €5,537 | - | - | - |
| Financial charges65/66B | - | €15,701 | €15,457 | €17,540 | €21,078 | ▲ 20.2% |
| Recurring financial charges65 | €33,382 | €15,701 | €15,457 | €17,540 | €21,078 | ▲ 20.2% |
| Non-recurring financial charges66B | - | - | €1 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€25,262 | €1,301 | -€22,341 | €19,061 | €45,481 | ▲ 139% |
| Income taxes67/77 | €119 | - | €125 | - | - | - |
| Profit (loss) for the period9904 | -€25,381 | €1,301 | -€22,467 | €19,061 | €45,481 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | -€25,381 | €1,301 | -€22,467 | €19,061 | €45,481 | ▲ 139% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.5m | €1.4m | €1.4m | ▼ 1.4% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Tangible fixed assets22/27 | €1,346 | - | - | - | - | - |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €80,423 | €49,725 | €77,955 | €25,732 | €5,376 | ▼ 79.1% |
| Amounts receivable within one year40/41 | €75,094 | €45,446 | €76,406 | €8,802 | €3,500 | ▼ 60.2% |
| Trade receivables40 | - | €13,238 | €16,225 | €3,500 | €3,500 | = |
| Other amounts receivable41 | - | €32,208 | €60,181 | €5,302 | - | - |
| Cash at bank and in hand54/58 | €4,180 | €3,203 | - | €15,380 | €327 | ▼ 97.9% |
| Deferred charges and accrued income490/1 | - | €1,076 | €1,549 | €1,549 | €1,549 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.5m | €1.4m | €1.4m | ▼ 1.4% |
| Equity10/15 | €103,047 | €104,348 | €81,881 | €100,942 | €146,423 | ▲ 45.1% |
| Contributions10/11 | - | €178,550 | €178,550 | €178,550 | €178,550 | = |
| Reserves13 | €36,445 | €36,445 | €36,445 | €36,445 | €36,445 | = |
| Non-distributable reserves130/1 | - | €3,445 | €3,445 | €3,445 | €3,445 | = |
| Reserves not available under the articles1311 | - | €3,445 | €3,445 | €3,445 | €3,445 | = |
| Distributable reserves133 | - | €33,000 | €33,000 | €33,000 | €33,000 | = |
| Profit (loss) carried forward14 | -€111,948 | -€110,647 | -€133,114 | -€114,053 | -€68,572 | ▲ 39.9% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 5.0% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | €1.1m | €1.0m | €999,526 | ▼ 1.9% |
| Financial debts170/4 | - | €363,684 | €303,300 | €242,766 | €242,766 | = |
| Other amounts payable178/9 | - | €743,042 | €842,356 | €776,356 | €756,760 | ▼ 2.5% |
| Amounts payable within one year42/48 | €361,604 | €238,709 | €247,476 | €305,726 | €259,485 | ▼ 15.1% |
| Current portion of amounts payable after more than one year42 | - | €232,431 | €115,334 | €170,494 | €94,105 | ▼ 44.8% |
| Financial debts43 | - | - | €123,134 | €121,737 | €117,500 | ▼ 3.5% |
| Credit institutions430/8 | - | - | €123,134 | €63,430 | €59,192 | ▼ 6.7% |
| Other loans439 | - | - | - | €58,308 | €58,308 | = |
| Trade debts44 | €3,848 | €2,172 | €3,824 | €3,351 | €2,499 | ▼ 25.4% |
| Suppliers440/4 | - | €2,172 | €3,824 | €3,351 | €2,499 | ▼ 25.4% |
| Taxes, remuneration and social security45 | - | €4,106 | €5,184 | €10,144 | €20,883 | ▲ 106% |
| Taxes450/3 | - | €4,027 | €5,106 | €10,144 | €20,883 | ▲ 106% |
| Remuneration and social security454/9 | - | €79 | €79 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €24,498 | - |
| Accrued charges and deferred income492/3 | - | - | €3,000 | - | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,381 | €1,301 | -€22,467 | €19,061 | €45,481 | ▲ 139% |
| + Depreciation and write-downs630 | €1,346 | €1,346 | - | - | - | - |
| Operating cash flow (approximation) | -€24,036 | €2,647 | -€22,467 | €19,061 | €45,481 | ▲ 139% |
| Investment in fixed assets (approximation) | - | -€0 | - | €0 | €0 | - |
| Change in cash | - | -€977 | - | - | -€15,053 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 145 days late
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 510 days late
2025
30-06
Financial
Highest result since 2018net €45,481 ▲139%
Operating result €66,559, net result €45,481, both a record.
2024
30-06
Financial
Back to profitnet €19,061
Net result €19,061 after one loss-making year.
30-06
Financial
Equity above €100,000Eq €100,942 ▲23.3%
Equity rises from €81,881 to €100,942.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 226 days late
2021
31-12
Financial
Back to profitnet €1,301
Net result €1,301 after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Charleroi · 1 establishment unit since 2006
Ground area
1.0 ha
Building footprint
3,331 m²
Volume, LiDAR
31,764 m³
2 parcels, Flanders, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Louis Marcelisstraat 60, 1970 Wezembeek-Oppem
since 20062.153.167.990
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52034B1039/00Z004 | Wallonia | 9,994 m² | 1 · 3,265 m² | 11.1 m · 3 fl. |
| 22006B0062/00C003 | Flanders | 378 m² | 1 · 66 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,851 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-04-2006
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880833937
Also
9925:BE0880833937
Registered
31-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.