Equity
€3.7m ▲ 17.5%
Shake Hand has made a profit in every financial year since 2007.
Shake Hand
Lifetime
18 annual accounts with figures on one time axis, 47 filings since 1979peak €1.8m (2023)
€1.3m▲ 20.6%
peak €748,499 (2023)
€547,768▲ 41.0%
peak €3.8m (2022)
€3.7m▲ 17.5%
€125,926▼ 76.3%
peak 4.6 FTE (2019)
4.6 FTEunchanged
Board3 names since 2013
3 directorsLEROU Niek and 2 others
Owners
Documentsfilings and deeds
22-06-202639 days before the deadline
2025abbreviated format
Gross margin from €1.1m to €1.3mResult from €388,603 to €547,768Equity from €3.1m to €3.7mDebts from €530,623 to €125,926
Key points
from the 2025 annual accountsResult
€547,768 ▲ 41.0%
The result rose in 2025 from €388,603 to €547,768.
Investments
€68,187 0.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
23.36 was 5.06 in 2024
Short-term debts fell from €530,623 to €125,926.
Filings
47 annual accounts since 1979
The last five annual accounts were filed 39 to 132 days before the end of the period.
Position in the sector
96.7%
Higher solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,902 companies.
Checked score
98
Excellent
Financially stronger than 81% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026highest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 23.36, cash €780,771
Founded in 1970
Equity €3.7m (96.7% of total assets)
Size: 4.6 FTE, total assets €3.8m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 79% on liquidity, 81% on profitability and 73% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Shake Hand has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Shake Hand itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Shake Hand. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.36 (5.06 in 2024), above the usual 1.5. Short-term debt is 3.3% and cash 20.5% of total assets. 3.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €3.7m
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
56 days early
2023
70 days early
2022
132 days early
2021
131 days early
2020
114 days early
2019
115 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 94 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0407154629
1 director appointed, 2 resignations, 2 reappointments
Resignations: LEROU Jean and LEROU Niek · Reappointments: LEROU Jean (statutory director) and LEROU Niek (director) · Appointment: LEROU Daan (director) · General meeting of 21-09-2023 · Gazette deed
First establishment
SHAKE-HAND BVBA, Durmakker 17, Evergem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Shake Hand Evergem | €3.8m | €1.3m | 96.7% | 4.6 |
| DIMEX Lochristi | €2.1m | €1.2m | 30.4% | 7.6 |
| Decatechnic Herentals | €6.2m | €1.4m | 37.7% | 5.9 |
| Duplast Bilzen-Hoeselt | €4.1m | €1.2m | 81.3% | 8.9 |
| NEW STEEL EQUIPMENT Waregem | €4.6m | €1.0m | 46.1% | 6 |
| TOYO PUMPS EUROPE Nivelles | €5.0m | €1.0m | 43.5% | 8.2 |
| R.M. VINCK & CO Zutendaal | €2.5m | €0.9m | 79.0% | 3 |
These companies have the same main activity as Shake Hand: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €2.1m and €6.2m, founded between 1969 and 1982.
Official details
Source: KBO- Status
- Active since 20-03-1970Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649
- Joint committee
- 207White-collar workers in the chemical industry · annual accounts 2024
- Establishment unit
- 2.059.621.0919940 Evergem, since 20-11-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 12-06-2025
Annual accounts 2025
- ≈ €5.4mestimated
- €3.8m▲ 3.9%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on Shake Hand
Shake Hand files the abbreviated format. That format states no turnover. The gross margin rose from €479,589 in 2007 to €1.3m in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
LEROU holds 87.5% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Shake Hand
- What is the company number of Shake Hand?
- The company number of Shake Hand is 0407.154.629. The VAT number is the same number with BE in front: BE 0407.154.629.
- Where is Shake Hand based?
- The registered office is at Durmakker 17, 9940 Evergem.Company details
- What does Shake Hand do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of Shake Hand?
- Shake Hand is a private limited company (BV).
- When was Shake Hand founded?
- Shake Hand was founded on 20-03-1970.
- Is Shake Hand still active?
- Yes, Shake Hand is an active enterprise in the KBO register.
- How many employees does Shake Hand have?
- Shake Hand had an average of 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Shake Hand fall under?
- In its 2024 annual accounts, Shake Hand states joint committee 207 (White-collar workers in the chemical industry).
- What is the turnover of Shake Hand?
- The turnover in financial year 2025 is ≈ €5.4m. This figure is estimated from the gross margin of €1.3m and 98 comparable companies (NACE 46). It probably lies between €3.3m and €9.1m.
- Is Shake Hand profitable?
- In financial year 2025, Shake Hand made a profit of €547,768.
- Where can I find the annual accounts of Shake Hand?
- Shake Hand filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Shake Hand due?
- Shake Hand must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.