SHAKE
ActiveSummary
SHAKE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €100k and a net result of €20k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 21% of 128 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability73▲+66
Solvency42▼-4
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.17 in 2025; short-term debt: 77.1% and cash: 5.8% of total assets), and 83.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
16.7%
Return on assets
3.3%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 128 sector peers (2026).
NBB · sector comparisonPosition among 128 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
28 d early
2024
58 d early
2023
32 d early
2022
45 d early
2021
41 d early
2020
12 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k
2025 · €-38k
2019: €106k
2020: €232▼ -99.8% vs 2019
2021: €15k▲ +6430% vs 2020
2022: €78k▲ +415% vs 2021
2023: €153k▲ +96.6% vs 2022highest in 8 years
2024: €9k▼ -94.1% vs 2023
2025: €-38k▼ -513% vs 2024lowest in 8 years
2026: €20k▲ +152% vs 2025
2019 → 2026
Working capital
€88k▲ 78.1%
2025 · €49k
2019: €94k
2020: €109k▲ +16.2% vs 2019highest in 8 years
2021: €101k▼ -7.9% vs 2020
2022: €106k▲ +5.2% vs 2021
2023: €92k▼ -13.3% vs 2022
2024: €92k▲ +0.4% vs 2023
2025: €49k▼ -46.3% vs 2024lowest in 8 years
2026: €88k▲ +78.1% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€99k-€109k▲ 9.9%€118k▲ 8.4%€80k▼ 32.0%€100k▲ 24.5%
2022: €99k
2023: €109k▲ +9.9% vs 2022
2024: €118k▲ +8.4% vs 2023highest in 5 years
2025: €80k▼ -32.0% vs 2024lowest in 5 years
2026: €100k▲ +24.5% vs 2025
Operating result€105k-€208k▲ 97.1%€25k▼ 88.0%€-37k€33k
2022: €105k
2023: €208k▲ +97.1% vs 2022highest in 5 years
2024: €25k▼ -88.0% vs 2023
2025: €-37k▼ -247% vs 2024lowest in 5 years
2026: €33k▲ +189% vs 2025
Net result€78k-€153k▲ 96.6%€9k▼ 94.1%€-38k€20k
2022: €78k
2023: €153k▲ +96.6% vs 2022highest in 5 years
2024: €9k▼ -94.1% vs 2023
2025: €-38k▼ -513% vs 2024lowest in 5 years
2026: €20k▲ +152% vs 2025
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €33k after a loss of €37k in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €599k
Fixed assets
€49k ▼ 0.8%
Current assets
€550k ▲ 61.2%
Equity and liabilities €599k
Equity
€100k ▲ 24.5%
Debt
€499k ▲ 60.8%
Debt's share of the balance-sheet total rises from 79.5% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2025 · €-22k
Cash flow
€37k▲
2025 · €-23k
Current ratio
1.19▲
2025 · 1.17
Quick ratio
1.16▲
2025 · 1.12
Debt to equity
5.00▲
2025 · 3.87
ROE
19.7%▲
2025 · -47.0%
ROA
3.3%▲
2025 · -9.6%
Interest coverage
10.24▲
2025 · -11.43
Debt ≤ 1 year
€462k▲
2025 · €292k
Debt > 1 year
€37k▲
2025 · €19k
Income taxes
€9k▲
2025 · €-829
Staff costs
€652k▼
2025 · €672k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 52 lines
Balance sheet
Code20252026
Assets
Total assets20/58€391k€599k▲
Fixed assets21/28€49k€49k▼
Intangible fixed assets21€3k€1k▼
Tangible fixed assets22/27€46k€48k▲
Furniture and vehicles24€12k€5k▼
Other tangible fixed assets26€33k€42k▲
Financial fixed assets28€771-
Current assets29/58€341k€550k▲
Stocks and contracts in progress3€16k€16k=
Contracts in progress37€16k€16k=
Amounts receivable within one year40/41€282k€497k▲
Trade receivables40€265k€491k▲
Other amounts receivable41€17k€6k▼
Cash at bank and in hand54/58€40k€35k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€391k€599k▲
Equity10/15€80k€100k▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€29k€29k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€-24k€-4k▲
Amounts payable17/49€311k€499k▲
Amounts payable after more than one year17€19k€37k▲
Financial debts170/4€19k€37k▲
Amounts payable within one year42/48€292k€462k▲
Current portion of amounts payable after more than one year42€12k€22k▲
Trade debts44€170k€297k▲
Suppliers440/4€170k€297k▲
Advances received on contracts in progress46€41k€41k▼
Taxes, remuneration and social security45€69k€88k▲
Taxes450/3€4k€25k▲
Remuneration and social security454/9€65k€62k▼
Other amounts payable47/48€28€15k▲
Income statement
Code20252026
Remuneration, social security and pensions62€672k€652k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€5k€58k▲
Gross operating margin9900€655k€760k▲
Operating profit (loss)9901€-37k€33k▲
Financial income75/76B€138€1k▲
Recurring financial income75€138€1k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€-38k€29k▲
Income taxes67/77€-829€9k▲
Profit (loss) for the period9904€-38k€20k▲
Profit (loss) for the period to be appropriated9905€-38k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-4k▲
Profit (loss) brought forward from the previous period14P€14k€-24k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | - | - | - |
| Remuneration, social security and pensions62 | €313k | €361k | €538k | €672k | €652k | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €13k | €13k | €14k | €17k | ▲ 21.9% |
| Other operating charges640/8 | €2k | €3k | €2k | €5k | €58k | ▲ 1,089% |
| Non-recurring operating charges66A | - | €14k | - | - | - | - |
| Gross operating margin9900 | €430k | €598k | €577k | €655k | €760k | ▲ 16.1% |
| Operating profit (loss)9901 | €105k | €208k | €25k | €-37k | €33k | ▲ 189% |
| Financial income75/76B | - | €11 | €3 | €138 | €1k | ▲ 804% |
| Recurring financial income75 | - | €11 | €3 | €138 | €1k | ▲ 804% |
| Financial charges65/66B | €3k | €3k | €6k | €2k | €5k | ▲ 149% |
| Recurring financial charges65 | €3k | €3k | €6k | €2k | €5k | ▲ 149% |
| Profit (loss) for the period before taxes9903 | €102k | €204k | €19k | €-38k | €29k | ▲ 175% |
| Income taxes67/77 | €24k | €51k | €10k | €-829 | €9k | ▲ 1,229% |
| Profit (loss) for the period9904 | €78k | €153k | €9k | €-38k | €20k | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | €78k | €153k | €9k | €-38k | €20k | ▲ 152% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €439k | €611k | €542k | €391k | €599k | ▲ 53.4% |
| Fixed assets21/28 | €13k | €25k | €28k | €49k | €49k | ▼ 0.8% |
| Intangible fixed assets21 | - | - | €4k | €3k | €1k | ▼ 50.4% |
| Tangible fixed assets22/27 | €13k | €25k | €24k | €46k | €48k | ▲ 4.0% |
| Furniture and vehicles24 | €10k | €23k | €21k | €12k | €5k | ▼ 57.0% |
| Other tangible fixed assets26 | €3k | €3k | €3k | €33k | €42k | ▲ 26.5% |
| Financial fixed assets28 | - | - | - | €771 | - | - |
| Current assets29/58 | €426k | €585k | €513k | €341k | €550k | ▲ 61.2% |
| Stocks and contracts in progress3 | - | €33k | €16k | €16k | €16k | = |
| Contracts in progress37 | - | €33k | €16k | €16k | €16k | = |
| Amounts receivable within one year40/41 | €279k | €201k | €430k | €282k | €497k | ▲ 76.4% |
| Trade receivables40 | €234k | €193k | €420k | €265k | €491k | ▲ 85.5% |
| Other amounts receivable41 | €45k | €9k | €10k | €17k | €6k | ▼ 65.5% |
| Current investments50/53 | €950 | €950 | €3 | - | - | - |
| Cash at bank and in hand54/58 | €138k | €347k | €63k | €40k | €35k | ▼ 13.8% |
| Deferred charges and accrued income490/1 | €8k | €3k | €4k | €3k | €3k | ▼ 21.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €439k | €611k | €542k | €391k | €599k | ▲ 53.4% |
| Equity10/15 | €99k | €109k | €118k | €80k | €100k | ▲ 24.5% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | €75k | €75k | €75k | €75k | €75k | = |
| Issued capital100 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €23k | €33k | €29k | €29k | €29k | = |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €15k | €25k | €21k | €21k | €21k | = |
| Profit (loss) carried forward14 | €1k | €1k | €14k | €-24k | €-4k | ▲ 82.8% |
| Amounts payable17/49 | €340k | €502k | €424k | €311k | €499k | ▲ 60.8% |
| Amounts payable after more than one year17 | - | €8k | €3k | €19k | €37k | ▲ 99.0% |
| Financial debts170/4 | - | €8k | €3k | €19k | €37k | ▲ 99.0% |
| Amounts payable within one year42/48 | €320k | €494k | €421k | €292k | €462k | ▲ 58.4% |
| Current portion of amounts payable after more than one year42 | €32k | €70k | €5k | €12k | €22k | ▲ 76.4% |
| Trade debts44 | €179k | €92k | €247k | €170k | €297k | ▲ 74.9% |
| Suppliers440/4 | €179k | €92k | €247k | €170k | €297k | ▲ 74.9% |
| Advances received on contracts in progress46 | - | €148k | €83k | €41k | €41k | ▼ 0.5% |
| Taxes, remuneration and social security45 | €54k | €83k | €87k | €69k | €88k | ▲ 27.8% |
| Taxes450/3 | €24k | €44k | €31k | €4k | €25k | ▲ 568% |
| Remuneration and social security454/9 | €30k | €39k | €56k | €65k | €62k | ▼ 3.8% |
| Other amounts payable47/48 | €55k | €101k | - | €28 | €15k | ▲ 53,922% |
| Accrued charges and deferred income492/3 | €20k | €815 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €153k | €9k | €-38k | €20k | ▲ 152% |
| + Depreciation and write-downs630 | €11k | €13k | €13k | €14k | €17k | ▲ 21.9% |
| Operating cash flow (approximation) | €89k | €166k | €22k | €-23k | €37k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €-25k | €-16k | €-35k | €-17k | ▲ 52.0% |
| Change in cash | - | €209k | €-284k | €-23k | €-6k | ▲ 75.5% |
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €153k ▲96.6%
Operating result €208k, net result €153k, both a record.
31-03
Financial
Equity above €100kEq €109k ▲9.9%
5 profitable years in a row build equity to €109k.
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Ukkel · 1 establishment unit since 1998
Ground area
2,095 m²
Building footprint
2,233 m²
Volume, LiDAR
25,899 m³
Parcel 21616G0176/00N002, Brussels · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
SHAKE SA
since 19982.086.369.634
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00N002 | Brussels | 2,094 m² | 1 · 2,233 m² | 19.1 m · 4 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,021 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-03-1998
Fiscal year end31-03
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.