Payment terms
27 days to suppliers
Shady Systems pays its suppliers 20 days later than in 2024. Customers pay 2 days earlier.
Shady Systems
Lifetime
2 annual accounts with figures on one time axispeak €40,416 (2024)
€7,486▼ 81.5%
lowest -€8,032 (2025)
-€8,032▼ €18,622
peak €10,590 (2024)
€2,558▼ 75.8%
€1,148▲ 90.2%
Board3 names since 2023
3 directors and 2 others
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Turnover from €40,416 to €7,486Gross margin from €10,642 to -€7,985Loss of €8,032Equity from €10,590 to €2,558Debts from €603 to €1,148Cash from €10,539 to €3,647
Key points
from the 2025 annual accountsPosition in the sector
€2,558
Less equity than 80% of companies in creative and performing arts. Sector median €42,947 · 2,609 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,234 companies had the same profile as Shady Systems has now. Each dot stands for 9 companies, two years later.
87.5%
were still trading
9.0%
stopped another way
3.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,234 companies, not a prediction for Shady Systems. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802603635
Incorporation
Founders: , , and 1 other · Appointments: , and · Founder: · published on 14-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Shady Systems Koekelberg | €3,705 | -€7,985 | 69.0% | - |
| Scenious Antwerp | €5,751 | -€12,284 | -147.3% | - |
| Sophie Tijhuis Antwerp | €13,934 | -€3,793 | 80.0% | - |
| MYTHIC BRUSSELS Evere | €21,406 | -€3,753 | 8.6% | - |
| Entonces Antwerp | €5,000 | -€2,782 | 37.7% | - |
| DAVOY Hasselt | €16,842 | -€33,387 | 57.6% | - |
| Wannes Lecompte Jette | €13,518 | €1,330 | -17.7% | - |
These companies have the same main activity as Shady Systems: other support activities for arts and performing arts (NACE 90399). They are comparable in size and age: total assets between €5,000 and €21,400, founded between 2017 and 2025.
Official details
Source: KBO- Status
- Active since 10-06-2023Normal situation
- Activity
- Other support activities for arts and performing artsNACE 90399
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €3,705▼ 66.9%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on Shady Systems
The annual accounts of Shady Systems for financial year 2025 show a net loss of 217% of total assets and of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €2,558 and a net result of -€8,032.
Its solvency ranks better than 68% of 2,606 sector peers (NACE 90, financial year 2025). The association has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Shady Systems
- What is the company number of Shady Systems?
- The company number of Shady Systems is 0802.603.635. The VAT number is the same number with BE in front: BE 0802.603.635.
- Where is Shady Systems based?
- The registered office is at Léon Autriquestraat 19, 1081 Koekelberg.Company details
- What does Shady Systems do?
- According to the KBO register, the main activity is other support activities for arts and performing arts (NACE 90399).
- What is the legal form of Shady Systems?
- Shady Systems is a non-profit association (VZW).
- When was Shady Systems founded?
- Shady Systems was founded on 10-06-2023.
- Is Shady Systems still active?
- Yes, Shady Systems is an active enterprise in the KBO register.
- What is the turnover of Shady Systems?
- The turnover of Shady Systems was €7,486 in financial year 2025, according to the filed annual accounts.Financials
- Is Shady Systems profitable?
- In financial year 2025, Shady Systems made a loss of €8,032.
- Where can I find the annual accounts of Shady Systems?
- Shady Systems filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Shady Systems due?
- Shady Systems must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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