Shake Hand
ActiveSummary
Shake Hand has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.13M and a net result of €389k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 89% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-6
Solvency100▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 5.06 against 2.24 in 2023; short-term debt: 14.5% and cash: 16.8% of total assets), and 14.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.5%
Return on assets
10.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
70 d early
2022
132 d early
2021
131 d early
2020
114 d early
2019
115 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€3.13M▼ 0.4%
2023 · €3.14M
2018: €3.05M
2019: €3.01M
2020: €3.26M
2021: €3.33M
2022: €3.82M
2023: €3.14M
2018 → 2024
Total assets
€3.66M▼ 23.6%
2023 · €4.79M
2018: €3.14M
2019: €3.51M
2020: €3.40M
2021: €3.86M
2022: €4.57M
2023: €4.79M
2018 → 2024
Net result
€389k▼ 48.1%
2023 · €748k
2018: €406k
2019: €363k
2020: €285k
2021: €470k
2022: €570k
2023: €748k
2018 → 2024
Working capital
€2.15M▲ 5.6%
2023 · €2.04M
2018: €2.70M
2019: €2.71M
2020: €3.00M
2021: €3.12M
2022: €2.95M
2023: €2.04M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.26M-€3.33M▲ 2.1%€3.82M▲ 14.7%€3.14M▼ 17.9%€3.13M▼ 0.4%
Operating result€402k-€623k▲ 55.1%€703k▲ 12.8%€977k▲ 38.9%€419k▼ 57.1%
Net result€285k-€470k▲ 64.5%€570k▲ 21.4%€748k▲ 31.3%€389k▼ 48.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 57% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.66M
Fixed assets
€976k ▼ 11.4%
Current assets
€2.68M ▼ 27.2%
Equity and liabilities €3.66M
Equity
€3.13M ▼ 0.4%
Debt
€531k ▼ 67.8%
Debt's share of the balance-sheet total falls from 34.4% to 14.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€593k▼
2023 · €1.14M
Cash flow
€563k▼
2023 · €912k
Current ratio
5.06▲
2023 · 2.24
Quick ratio
2.67▲
2023 · 1.39
Debt to equity
0.17▼
2023 · 0.53
ROE
12.4%▼
2023 · 23.8%
ROA
10.6%▼
2023 · 15.6%
Interest coverage
784.95▼
2023 · 1219.18
Debt ≤ 1 year
€531k▼
2023 · €1.65M
Income taxes
€135k▼
2023 · €250k
Staff costs
€472k▼
2023 · €636k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.79M€3.66M▼
Fixed assets21/28€1.10M€976k▼
Intangible fixed assets21€16k€34k▲
Tangible fixed assets22/27€1.09M€942k▼
Plant, machinery and equipment23€914k€810k▼
Furniture and vehicles24€172k€131k▼
Current assets29/58€3.69M€2.68M▼
Stocks and contracts in progress3€1.39M€1.27M▼
Stocks30/36€1.39M€1.27M▼
Amounts receivable within one year40/41€824k€802k▼
Trade receivables40€812k€720k▼
Other amounts receivable41€11k€82k▲
Cash at bank and in hand54/58€1.47M€614k▼
Equity and liabilities
Total equity and liabilities10/49€4.79M€3.66M▼
Equity10/15€3.14M€3.13M▼
Contributions10/11€20k€20k=
Reserves13€3.12M€3.11M▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€3.12M€3.11M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.65M€531k▼
Amounts payable within one year42/48€1.65M€531k▼
Trade debts44€100k€24k▼
Suppliers440/4€100k€24k▼
Taxes, remuneration and social security45€115k€107k▼
Taxes450/3€48k€52k▲
Remuneration and social security454/9€67k€55k▼
Other amounts payable47/48€1.43M€400k▼
Income statement
Code20232024
Remuneration, social security and pensions62€636k€472k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€163k€174k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k€582▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€1.78M€1.07M▼
Operating profit (loss)9901€977k€419k▼
Financial income75/76B€23k€106k▲
Recurring financial income75€13k€106k▲
Non-recurring financial income76B€10k€0▼
Financial charges65/66B€935€755▼
Recurring financial charges65€935€755▼
Profit (loss) for the period before taxes9903€999k€524k▼
Income taxes67/77€250k€135k▼
Profit (loss) for the period9904€748k€389k▼
Profit (loss) for the period to be appropriated9905€748k€389k▼
Appropriation of the result
Profit (loss) to be appropriated9906€748k€389k▼
Transfer from equity791/2€688k€11k▼
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Profit to be distributed694/7€1.43M€400k▼
Return on contributions (dividend)694€1.43M€400k▼
Employees696€5k€0▼
Social balance
Average headcount (FTE)90874.64.6=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.06
Current ratio from 2.24 to 5.06; short-term debt falls from €1.65M to €531k.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €748k ▲31.3%
Operating result €977k, net result €748k, both a record.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €285k ▼21.3%
Net result drops to €285k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity quadruplescurrent ratio 23.88
Current ratio from 6.44 to 23.88; short-term debt falls from €499k to €131k.
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Evergem · 1 establishment unit since 1992
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.
Durmakker 179940 EvergemGround area
3,306 m²
Building footprint
1,855 m²
Volume, LiDAR
9,487 m³
Parcel 44302E0526/00D000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SHAKE-HAND BVBA
since 19922.059.621.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E0526/00D000 | Flanders | 3,306 m² | 1 · 1,855 m² | 8.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 930 EUR awarded · 930 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 930 EUR | 930 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
98450053VFB9T0U4DC70
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Of 2,506 companies in sector 46649 we hold annual accounts for 1,759. 1,078 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-1970
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.