SHAHIN
ActiveThe computed 12-month bankruptcy probability of SHAHIN is 2.4% (moderate). The 2025 annual accounts show equity of €54k and a net result of €6k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 4467 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent▲ +29 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+19
Solvency96▲+13
Growth78=
Stability100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.46 in 2024), and 40.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
59.6%
Return on assets
6.1%
Age of the figures
8 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
21 d early
2024
35 d early
2023
21 d early
2022
35 d early
2021
57 d late
2020
25 d late
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€59k
EBIT margin
0.6%
Net result
€6k▲ 78.1%
2024 · €3k
2019: €235
2020: €12k
2021: €-599
2022: €-2k
2023: €43k
2024: €3k
2019 → 2025
Working capital
€33k▲ 45.3%
2024 · €23k
2019: €10k
2020: €14k
2021: €16k
2022: €9k
2023: €33k
2024: €23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€21k▼ 7.7%€63k▲ 208%€49k▼ 23.3%€54k▲ 11.4%
Operating result€655-€22▼ 96.6%€53k▲ 239,809%€15k▼ 71.8%€17k▲ 13.3%
Net result€-599-€-2k▼ 186%€43k€3k▼ 92.7%€6k▲ 78.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€21k▼ 18.1%
Current assets
€69k▼ 3.6%
Equity and liabilities €91k
Equity
€54k▲ 11.4%
Debt
€37k▼ 26.0%
The debt ratio falls from 50.4% to 40.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€20k▼
2024 · €20k
Cash flow
€8k▼
2024 · €9k
Solvency
59.6%▲
2024 · 49.6%
Current ratio
1.90▲
2024 · 1.46
Quick ratio
1.90▲
2024 · 1.46
Debt / equity
0.68▼
2024 · 1.02
ROE
10.3%▲
2024 · 6.4%
ROA
6.1%▲
2024 · 3.2%
Interest coverage
975480.00▲
2024 · 53.89
Debt
€37k▼
2024 · €49k
Debt ≤ 1 year
€37k▼
2024 · €49k
Income taxes
€13k▼
2024 · €14k
Staff costs
€62k▼
2024 · €83k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€98k€91k▼
Fixed assets21/28€26k€21k▼
Tangible fixed assets22/27€26k€7k▼
Furniture and vehicles24€26k€7k▼
Financial fixed assets28-€14k
Current assets29/58€72k€69k▼
Amounts receivable within one year40/41€50k€51k▲
Trade receivables40€5k€14k▲
Other amounts receivable41€44k€36k▼
Cash at bank and in hand54/58€21k€18k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€98k€91k▼
Equity10/15€49k€54k▲
Contributions10/11€11k€11k=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14-€6k
Amounts payable17/49€49k€37k▼
Amounts payable within one year42/48€49k€37k▼
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€16k€23k▲
Taxes450/3€15k€20k▲
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€18k-
Income statement
Code20242025
Remuneration, social security and pensions62€83k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€7k€21k▲
Non-recurring operating charges66A€5k€11k▲
Gross operating margin9900€115k€114k▼
Operating profit (loss)9901€15k€17k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€380€0▼
Recurring financial charges65€380€0▼
Profit (loss) for the period before taxes9903€17k€19k▲
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€3k€6k▲
Profit (loss) for the period to be appropriated9905€3k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€6k▼
Profit (loss) brought forward from the previous period14P€15k-
Profit to be distributed694/7€18k-
Return on contributions (dividend)694€18k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jules Moretuslei 74B2610 AntwerpenGround area
279 m²
Building footprint
94 m²
Volume, LiDAR
784 m³
Parcel 11462A0436/00Y003, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SHAHIN
since 20182.282.150.870
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0436/00Y003 | Flanders | 279 m² | 1 · 94 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 5,948 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2018
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
49320Taxi operation
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.