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SHAGEMS

Inactive
Private limited company (pre-2019)founded 1993Laar 224, 2180 Antwerpen, BelgiumKBO/BCE: BE 0451.704.749

Inactive since 24-07-2026; last annual accounts for fiscal year 2026. Dissolved and wound up in a single deed; no liquidator appointed; books and records kept in Antwerpen.

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
181920212223242526
2018 to 2026 · latest year -€100,075
neutral · Latest accounts filed on time
The financial year that closed on 07-07-2026 was due by 07-02-2027 and was filed on 03-08-2026, 188 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
188 d early
2025
163 d early
2024
33 d early
2023
30 d early
2022
28 d early
2021
24 d early
2020
28 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 71 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SHAGEMS was incorporated on 20 December 1993.1 Total assets fell from EUR 272,277 in 2018 to EUR 12,811 in 2025.2 In 2026 the company was dissolved and its liquidation closed in a single deed.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025
  3. 3Belgian State Gazette, 04-08-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2026, micro schema

Equity
-€100,075▼ 7.1%
2025 · -€93,417
Total assets
€336▼ 97.4%
2025 · €12,811
Net result
-€6,658▲ 85.3%
2025 · -€45,322
Working capital
-€100,075▼ 7.1%
2025 · -€93,417
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023202420252026
Operating result-€1,877▲ 27.2%-€3,615▼ 92.6%-€2,252▲ 37.7%-€85,134▼ 3,681%-€6,616▲ 92.2%
Net result-€4,670below the sector's middle half▲ 23.2%-€2,213within the sector's middle half▲ 52.6%-€5,251below the sector's middle half▼ 137%-€45,322below the sector's middle half▼ 763%-€6,658▲ 85.3%
Equity-€53,026below the sector's middle half▼ 9.7%-€55,239below the sector's middle half▼ 4.2%-€48,095below the sector's middle half▲ 12.9%-€93,417below the sector's middle half▼ 94.2%-€100,075▼ 7.1%
Total assets€283,389within the sector's middle half▲ 3.6%€277,962within the sector's middle half▼ 1.9%€300,222within the sector's middle half▲ 8.0%€12,811below the sector's middle half▼ 95.7%€336▼ 97.4%
Debt€336,415▲ 4.5%€333,201▼ 1.0%€348,318▲ 4.5%€106,228▼ 69.5%€100,411▼ 5.5%
Working capital-€3,026within the sector's middle half-€5,239within the sector's middle half▼ 73.2%€1,905within the sector's middle half-€93,417below the sector's middle half-€100,075▼ 7.1%
Solvency-18.7%below the sector's middle half▼ 1.0pp-19.9%below the sector's middle half▼ 1.2pp-16.0%below the sector's middle half▲ 3.9pp-729.2%below the sector's middle half▼ 713.2pp
Current ratio0.99within the sector's middle half▼ 0.020.98within the sector's middle half▼ 0.011.01within the sector's middle half▲ 0.020.12below the sector's middle half▼ 0.89
Return on assets (ROA)-1.6%within the sector's middle half▲ 0.6pp-0.8%within the sector's middle half▲ 0.9pp-1.7%within the sector's middle half▼ 1.0pp-353.8%below the sector's middle half▼ 352.0pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€75,000-€50,000-€25,000€0Operating result 2022: -€1,877-€1,877Net result 2022: -€4,670-€4,670Operating result 2023: -€3,615-€3,615Net result 2023: -€2,213-€2,213Operating result 2024: -€2,252-€2,252Net result 2024: -€5,251-€5,251Operating result 2025: -€85,134-€85,134Net result 2025: -€45,322-€45,322Operating result 2026: -€6,616-€6,616Net result 2026: -€6,658-€6,65820222023202420252026-€100,000-€75,000-€50,000-€25,000€0Operating result 2024: -€2,252-€2,250Net result 2024: -€5,251-€5,250Operating result 2025: -€85,134-€85,100Net result 2025: -€45,322-€45,300Operating result 2026: -€6,616-€6,620Net result 2026: -€6,658-€6,660202420252026
The operating result stays negative: a loss of €6,616 in 2026 against €85,134 in 2025; the loss shrinks.
Key figures and ratios
2026 value · change against 2025
Debt ≤ 1 year
€100,411▼
2025 · €106,228
Ratios withheld: a balance sheet total of €336 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 28 lines
Balance sheet Code20252026
Assets
Total assets20/58€12,811€336▼
Current assets29/58€12,811€336▼
Amounts receivable within one year40/41€12,731€336▼
Other amounts receivable41€12,731€336▼
Cash at bank and in hand54/58€80-
Equity and liabilities
Total equity and liabilities10/49€12,811€336▼
Equity10/15-€93,417-€100,075▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14-€113,877-€120,535▼
Amounts payable17/49€106,228€100,411▼
Amounts payable within one year42/48€106,228€100,411▼
Trade debts44€805-
Suppliers440/4€805-
Other amounts payable47/48€105,423€100,411▼
Income statement Code20252026
Other operating charges640/8€120€50▼
Gross operating margin9900-€85,014-€6,566▲
Operating profit (loss)9901-€85,134-€6,616▲
Financial income75/76B€39,833€0▼
Recurring financial income75€39,833€0▼
Financial charges65/66B€21€42▲
Recurring financial charges65€21€42▲
Profit (loss) for the period before taxes9903-€45,322-€6,658▲
Profit (loss) for the period9904-€45,322-€6,658▲
Profit (loss) for the period to be appropriated9905-€45,322-€6,658▲
Appropriation of the result
Profit (loss) to be appropriated9906-€113,877-€120,535▼
Profit (loss) brought forward from the previous period14P-€68,555-€113,877▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Other operating charges640/8€102€109€118€120€50▼ 58.3%
Gross operating margin9900-€1,775-€3,506-€2,134-€85,014-€6,566▲ 92.3%
Operating profit (loss)9901-€1,877-€3,615-€2,252-€85,134-€6,616▲ 92.2%
Financial income75/76B€35,840€38,580€36,946€39,833€0▼ 100.0%
Recurring financial income75€35,840€38,580€36,946€39,833€0▼ 100.0%
Financial charges65/66B€38,634€37,179€39,945€21€42▲ 95.4%
Recurring financial charges65€38,634€37,179€39,945€21€42▲ 95.4%
Profit (loss) for the period before taxes9903-€4,670-€2,213-€5,251-€45,322-€6,658▲ 85.3%
Profit (loss) for the period9904-€4,670-€2,213-€5,251-€45,322-€6,658▲ 85.3%
Profit (loss) for the period to be appropriated9905-€4,670-€2,213-€5,251-€45,322-€6,658▲ 85.3%
Line20222023202420252026Change
Assets
Total assets20/58€283,389€277,962€300,222€12,811€336▼ 97.4%
Current assets29/58€283,389€277,962€300,222€12,811€336▼ 97.4%
Stocks and contracts in progress3€104,092€104,092€104,092---
Stocks30/36€104,092€104,092€104,092---
Amounts receivable within one year40/41€178,507€172,602€195,432€12,731€336▼ 97.4%
Trade receivables40€178,171€172,266€182,701---
Other amounts receivable41€336€336€12,731€12,731€336▼ 97.4%
Cash at bank and in hand54/58€790€1,267€698€80--
Equity and liabilities
Total equity and liabilities10/49€283,389€277,962€300,222€12,811€336▼ 97.4%
Equity10/15-€53,026-€55,239-€48,095-€93,417-€100,075▼ 7.1%
Contributions10/11€6,205€6,205€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860----
Reserves not available under the articles1311€1,860€1,860----
Distributable reserves133--€1,860€1,860€1,860=
Profit (loss) carried forward14-€61,091-€63,305-€68,555-€113,877-€120,535▼ 5.8%
Amounts payable17/49€336,415€333,201€348,318€106,228€100,411▼ 5.5%
Amounts payable after more than one year17€50,000€50,000€50,000---
Financial debts170/4€50,000€50,000€50,000---
Amounts payable within one year42/48€286,415€283,201€298,318€106,228€100,411▼ 5.5%
Trade debts44€245,301€237,787€250,904€805--
Suppliers440/4€245,301€237,787€250,904€805--
Other amounts payable47/48€41,114€45,414€47,414€105,423€100,411▼ 4.8%
Line20222023202420252026Change
Profit (loss) for the period9904-€4,670-€2,213-€5,251-€45,322-€6,658▲ 85.3%
Operating cash flow (approximation)-€4,670-€2,213-€5,251-€45,322-€6,658▲ 85.3%
Change in cash-€477-€569-€618--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
04-08
State Gazette act End & cessation
Resignation: HAZOUT Stéphane (director) · Net-asset statement · Declaration13 facts ▸
  • General meeting, buitengewone algemene vergadering, éénparigheid van stemmen
  • Other statement, waiver of reading of board report, ontbinding van de vennootschap
  • Net-asset statement, 14-05-2026
  • Declaration, acknowledgement of report and balance sheet
  • Other statement, waiver of reading of external auditor report, ontbinding van de vennootschap
  • Declaration, acknowledgement of external auditor report
  • Auditor report, EUR, 20-05-2026
  • Dissolution, vervroegde ontbinding en in vereffeningstelling, vervroegde ontbinding en in vereffeningstelling
  • Director resignation, HAZOUT Stéphane (director)
  • Director discharge, HAZOUT Stéphane
  • Liquidation closure, artikel 2:80 wv, terugbetaald of geconsigneerd of schriftelijke instemming met artikel 2:80 wv
  • Asset distribution, overgang onder algemene titel, in verhouding tot het aantal aandelen dat zij in de vennootschap bezitten
  • +1 further facts in this act
03-08
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
18-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€45,322
Net result drops to -€45,322, the lowest in the series.
28-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
03-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €1,696
Net result €1,696 after 2 loss-making years.
27-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen
exact location from the address register On OpenStreetMap
Ground area
694 m²
Building footprint
140 m²
Volume, LiDAR
810 m³
Parcel 11363E0120/00R000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11363E0120/00R000 Flanders 694 m² 1 · 140 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
HAZOUT Stéphane
  • Director, until 04-08-2026
See the board, name and seat on a given date →

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,230 companies in sector 46861 we hold annual accounts for 749. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-1993
Fiscal year end07-07
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.