ShaCo
ActiveSummary
ShaCo has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€30,948) and a net result of -€49,234. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency6▼-23
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.72 in 2024; short-term debt: 51.1% and cash: 2.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-19.2%
Return on assets
-30.6%
Age of the figures
18 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€30,948
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
31 d early
2023
32 d early
2022
32 d early
2021
34 d early
2020
31 d early
2019
9 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€30,948
2024 · €18,286
Total assets
€160,990▼ 65.6%
2024 · €468,067
Net result
-€49,234
2024 · €257,323
Working capital
-€71,160▲ 43.2%
2024 · -€125,343
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
Line20212022202320242025
Operating result€13,943▼ 12.1%€34,284▲ 146%€34,790▲ 1.5%€350,557▲ 908%-€41,090
Net result€8,493▲ 295%€25,691▲ 202%€23,291▼ 9.3%€257,323▲ 1,005%-€49,234
Equity€51,981▲ 6.5%€77,672▲ 49.4%€100,964▲ 30.0%€18,286▼ 81.9%-€30,948
Total assets€106,254▼ 15.0%€143,463▲ 35.0%€181,363▲ 26.4%€468,067▲ 158%€160,990▼ 65.6%
Debt€54,273▼ 28.8%€65,791▲ 21.2%€80,400▲ 22.2%€449,781▲ 459%€191,938▼ 57.3%
Working capital-€28,130▲ 37.5%-€37,969▼ 35.0%-€65,765▼ 73.2%-€125,343▼ 90.6%-€71,160▲ 43.2%
Staff (FTE)3.5▲ 12.9%4.2▲ 20.0%3.8▼ 9.5%2.5▼ 34.2%1.5▼ 40.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets -66% on 2024. Cause not known from the registers.
- 2024 Net result +1,005%, Total assets +158% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €41,090 after €350,557 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160,990
Fixed assets
€149,952 ▲ 2.6%
Current assets
€11,038 ▼ 96.6%
Key figures and ratios
EBITDA
-€18,865▼
2024 · €350,662
Cash flow
-€27,010▼
2024 · €257,428
Solvency
-19.2%▼
2024 · 3.9%
Current ratio
0.13▼
2024 · 0.72
Quick ratio
0.10▼
2024 · 0.72
Debt to equity
-6.20▼
2024 · 24.60
ROA
-30.6%▼
2024 · 55.0%
Interest coverage
-2.20▼
2024 · 418.60
Debt ≤ 1 year
€82,198▼
2024 · €447,259
Debt > 1 year
€108,605
Income taxes
€0▼
2024 · €94,024
Staff costs
€57,441▼
2024 · €110,018
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €113,110 | €151,751 | €110,018 | €57,441 | ▼ 47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,187 | €19,243 | €18,630 | €105 | €22,224 | ▲ 21,020% |
| Other operating charges640/8 | - | €726 | €5,559 | €15,487 | €839 | ▼ 94.6% |
| Gross operating margin9900 | €98,308 | €167,363 | €210,730 | €476,167 | €39,415 | ▼ 91.7% |
| Operating profit (loss)9901 | €13,943 | €34,284 | €34,790 | €350,557 | -€41,090 | ▼ 112% |
| Financial income75/76B | - | €694 | €1,013 | €1,627 | €447 | ▼ 72.5% |
| Recurring financial income75 | €98 | €694 | €1,013 | €1,627 | €447 | ▼ 72.5% |
| Financial charges65/66B | - | €1,366 | €2,385 | €838 | €8,591 | ▲ 926% |
| Recurring financial charges65 | €1,258 | €1,366 | €2,385 | €838 | €8,591 | ▲ 926% |
| Profit (loss) for the period before taxes9903 | €12,782 | €33,612 | €33,418 | €351,346 | -€49,234 | ▼ 114% |
| Income taxes67/77 | €4,289 | €7,921 | €10,127 | €94,024 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €8,493 | €25,691 | €23,291 | €257,323 | -€49,234 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €8,493 | €25,691 | €23,291 | €257,323 | -€49,234 | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,254 | €143,463 | €181,363 | €468,067 | €160,990 | ▼ 65.6% |
| Formation expenses20 | €800 | €400 | €0 | €0 | - | - |
| Fixed assets21/28 | €96,408 | €124,372 | €167,249 | €146,151 | €149,952 | ▲ 2.6% |
| Intangible fixed assets21 | €65,576 | €48,089 | €30,602 | €0 | €16,203 | - |
| Tangible fixed assets22/27 | €2,034 | €1,091 | €782 | €5,069 | €127,449 | ▲ 2,414% |
| Plant, machinery and equipment23 | - | €1,036 | €782 | €0 | €6,485 | - |
| Furniture and vehicles24 | - | - | - | - | €8,000 | - |
| Other tangible fixed assets26 | - | €55 | €0 | €5,069 | €112,964 | ▲ 2,128% |
| Financial fixed assets28 | €28,798 | €75,192 | €135,865 | €141,082 | €6,300 | ▼ 95.5% |
| Current assets29/58 | €9,046 | €18,691 | €14,114 | €321,915 | €11,038 | ▼ 96.6% |
| Stocks and contracts in progress3 | €5,562 | €7,330 | €5,434 | €0 | €2,551 | - |
| Stocks30/36 | - | €7,330 | €5,434 | €0 | €2,551 | - |
| Amounts receivable within one year40/41 | €136 | €5,206 | €1,402 | €321,515 | €250 | ▼ 99.9% |
| Trade receivables40 | - | €1,127 | €29 | €320,315 | €171 | ▼ 99.9% |
| Other amounts receivable41 | - | €4,079 | €1,373 | €1,199 | €80 | ▼ 93.4% |
| Cash at bank and in hand54/58 | €2,721 | €4,079 | €3,433 | €44 | €4,530 | ▲ 10,304% |
| Deferred charges and accrued income490/1 | - | €2,075 | €3,845 | €357 | €3,707 | ▲ 938% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,254 | €143,463 | €181,363 | €468,067 | €160,990 | ▼ 65.6% |
| Equity10/15 | €51,981 | €77,672 | €100,964 | €18,286 | -€30,948 | ▼ 269% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €33,381 | €59,072 | €82,364 | €0 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €57,212 | €80,504 | €0 | - | - |
| Profit (loss) carried forward14 | €16,472 | - | - | -€314 | -€49,548 | ▼ 15,687% |
| Amounts payable17/49 | €54,273 | €65,791 | €80,400 | €449,781 | €191,938 | ▼ 57.3% |
| Amounts payable after more than one year17 | €16,105 | €8,160 | €0 | - | €108,605 | - |
| Financial debts170/4 | - | €8,160 | €0 | - | €108,605 | - |
| Amounts payable within one year42/48 | €37,176 | €56,660 | €79,879 | €447,259 | €82,198 | ▼ 81.6% |
| Current portion of amounts payable after more than one year42 | - | €7,945 | €8,160 | €0 | €30,202 | - |
| Financial debts43 | - | €12,000 | €11,500 | €90,000 | €0 | ▼ 100% |
| Other loans439 | - | €12,000 | €11,500 | €90,000 | €0 | ▼ 100% |
| Trade debts44 | €3,616 | €893 | €2,040 | €618 | €5,707 | ▲ 824% |
| Suppliers440/4 | - | €893 | €2,040 | €618 | €5,707 | ▲ 824% |
| Advances received on contracts in progress46 | - | - | - | €2,662 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €35,822 | €58,179 | €13,979 | €7,719 | ▼ 44.8% |
| Taxes450/3 | - | €20,400 | €27,992 | €4,024 | €549 | ▼ 86.4% |
| Remuneration and social security454/9 | - | €15,422 | €30,186 | €9,955 | €7,170 | ▼ 28.0% |
| Other amounts payable47/48 | - | - | - | €340,000 | €38,571 | ▼ 88.7% |
| Accrued charges and deferred income492/3 | - | €970 | €520 | €2,522 | €1,135 | ▼ 55.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,493 | €25,691 | €23,291 | €257,323 | -€49,234 | ▼ 119% |
| + Depreciation and write-downs630 | €19,187 | €19,243 | €18,630 | €105 | €22,224 | ▲ 21,020% |
| Operating cash flow (approximation) | €27,680 | €44,934 | €41,921 | €257,428 | -€27,010 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€47,207 | -€61,507 | €20,992 | -€26,024 | ▼ 224% |
| Change in cash | - | €1,358 | -€647 | -€3,389 | €4,486 | ▲ 232% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€49,234
Net result drops to -€49,234, the lowest in the series.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €257,323 ▲1,005%
Operating result €350,557, net result €257,323, both a record.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €100,000Eq €100,964 ▲30%
4 profitable years in a row build equity to €100,964.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €2,149
Net result €2,149 after one loss-making year.
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Antwerpen · 1 establishment unit since 2018
Ground area
377 m²
Building footprint
183 m²
Volume, LiDAR
2,093 m³
2 parcels, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
41
companies at this address
See who is registered here
1 establishment unit
Kreatos Merelbeke
since 20182.275.834.883
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007B0410/00E002 | Flanders | 207 m² | 1 · 183 m² | 13.4 m · 4 fl. |
| 11802B1466/00G000 | Flanders | 170 m² | - | - |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 7 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 7 ended approvals
Haarverzorging duaal (so)
Kapper (so)
Kapper (so)
Kapper (vwo)
Kapper-salonverantwoordelijke (so)
Kapper-salonverantwoordelijke (so)
Kapper-stylist duaal (so)
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 5,661 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
Founded22-04-2014
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550831524
Registered
22-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.