SHAIMA

Active

Private limited companyfounded 200422 yrs activeGeneraal Fivéstraat 5, 1040 Etterbeek, BelgiumKBO/BCE: BE 0863.298.911

SHAIMA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 4604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2025

79 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency70▲+70

Growth52▲+17

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

24 d late

2024

26 d late

2023

27 d late

2022

16 d late

2021

23 d late

2020

27 d late

2018

20 d early

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

€10k▲ 6.6%

2020 · €10k

2018: €16k 2020: €10k

2018 → 2021

EBIT margin

-28.8%▲ 13.8pp

2020 · -42.6%

2018: 10.6% 2020: -42.6%

2018 → 2021

Net result

€2k▲ 157%

2024 · €945

2018: €2k 2020: €5k 2021: €-3k 2022: €-2k 2023: €105 2024: €945

2018 → 2025

Working capital

€300

2024 · €-2k

2018: €-2k 2020: €2k 2021: €-1k 2022: €-3k 2023: €-3k 2024: €-2k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€10k-

Equity€-475-€-2k▼ 381%€-2k▲ 4.6%€-1k▲ 43.4%€1k

Operating result€-3k-€-2k▲ 41.7%€105€998▲ 852%€2k▲ 144%

Net result€-3k-€-2k▲ 44.0%€105€945▲ 802%€2k▲ 157%

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2025 is 144% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €3k

33.5%

66.5%

Fixed assets €900=

Current assets €2k▼ 11.0%

Equity and liabilities €3k

44.7%

55.3%

Equity €1k

Debt €1k

Debt finances 55.3% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

Debt

€1k▼

2024 · €4k

Debt ≤ 1 year

€1k▼

2024 · €4k

Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.

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€3k€3k▼

Fixed assets21/28€900€900=

Financial fixed assets28€900€900=

Current assets29/58€2k€2k▼

Cash at bank and in hand54/58€2k€2k▼

Equity and liabilities

Total equity and liabilities10/49€3k€3k▼

Equity10/15€-1k€1k▲

Contributions10/11€15k€15k=

Profit (loss) carried forward14€-16k€-13k▲

Amounts payable17/49€4k€1k▼

Amounts payable within one year42/48€4k€1k▼

Trade debts44-€1k

Bills of exchange payable441-€1k

Taxes, remuneration and social security45€2k-

Taxes450/3€2k-

Other amounts payable47/48€3k-

Income statement Code20242025

Other operating charges640/8€63-

Gross operating margin9900€1k€2k▲

Operating profit (loss)9901€998€2k▲

Financial charges65/66B€53-

Recurring financial charges65€53-

Profit (loss) for the period before taxes9903€945€2k▲

Profit (loss) for the period9904€945€2k▲

Profit (loss) for the period to be appropriated9905€945€2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-16k€-13k▲

Profit (loss) brought forward from the previous period14P€-17k€-16k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 24 days late

2025

31-12

Financial Liquidity doublescurrent ratio 1.20

Current ratio from 0.48 to 1.20; short-term debt falls from €4k to €1k.

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

2024

27-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 27 days late

2023

31-12

Financial Back to profitnet €105

Net result €105 after 2 loss-making years.

16-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 16 days late

2022

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

2021

31-12

Financial Weakest financial yearnet €-3k ▼168%

Net result drops to €-3k, the lowest in the series; recovery starts the following year.

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

31-12

Financial Highest result since 2018net €5k ▲191%

Net result €5k, the highest in the series.

31-12

Financial Liquidity triplescurrent ratio 1.35

Current ratio from 0.54 to 1.35.

2019

11-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

18-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

15-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 46 days late

2016

30-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Etterbeek · 2 establishment units since 2004

establishment All 2 establishment units on the map

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.

Generaal Fivéstraat 51040 Etterbeek

Ground area

350 m²

Building footprint

287 m²

Volume, LiDAR

3,385 m³

3 parcels, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

COIFFURE LEONARD

Generaal Fivéstraat 14, 1040 EtterbeekNACE 93021

since 20042.136.980.571

Shaima

Steenweg op Waver 797, 1040 EtterbeekRetail sale of bread and pastry (bakery outlets)

since 20142.229.484.523

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21362B0094/00X000	Brussels	162 m²	1 · 95 m²	14.3 m · 4 fl.
21363B0368/00D002	Brussels	115 m²	1 · 115 m²	15.8 m · 5 fl.
21362B0103/00M000	Brussels	73 m²	1 · 77 m²	16.8 m · 4 fl.