SHAKE HANDS
ActiveSummary
SHAKE HANDS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,997 and a net result of -€313. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 446 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+57
Solvency37▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 2.0 in 2024; short-term debt: 57.2% and cash: 1.6% of total assets), and 87.8% of the assets are financed with debt.
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Signals
Seven 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€313
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 446 sector peers (2025).
NBB · sector comparisonPosition among 446 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 filingsDeviation from the deadline
2025
7 d late
2024
6 d early
2023
94 d late
2022
65 d late
2021
5 d late
2020
394 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 93 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 August (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€313▲ 99.5%
2024 · -€62,191
Working capital
-€180,764
2024 · €171,927
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,045▲ 74.0%-€15,680▼ 42.0%€46,590-€48,149€15,906
Net result-€14,520below the sector's middle half▲ 68.2%-€19,899below the sector's middle half▼ 37.0%€43,801within the sector's middle half-€62,191below the sector's middle half-€313within the sector's middle half▲ 99.5%
Equity€148,599within the sector's middle half▼ 8.9%€128,700within the sector's middle half▼ 13.4%€172,501within the sector's middle half▲ 34.0%€110,310within the sector's middle half▼ 36.1%€109,997below the sector's middle half▼ 0.3%
Total assets€454,661below the sector's middle half▼ 12.7%€194,673below the sector's middle half▼ 57.2%€224,478below the sector's middle half▲ 15.3%€405,652below the sector's middle half▲ 80.7%€903,029within the sector's middle half▲ 123%
Debt€306,062▼ 14.5%€65,973▼ 78.4%€51,977▼ 21.2%€295,342▲ 468%€793,031▲ 169%
Working capital€213,495within the sector's middle half▲ 8.4%€89,812within the sector's middle half▼ 57.9%€131,846within the sector's middle half▲ 46.8%€171,927within the sector's middle half▲ 30.4%-€180,764below the sector's middle half
Solvency32.7%within the sector's middle half▲ 1.4pp66.1%above the sector's middle half▲ 33.4pp76.8%above the sector's middle half▲ 10.7pp27.2%within the sector's middle half▼ 49.7pp12.2%below the sector's middle half▼ 15.0pp
Current ratio2.87above the sector's middle half▲ 0.544.58above the sector's middle half▲ 1.717.89above the sector's middle half▲ 3.312.00within the sector's middle half▼ 5.880.65below the sector's middle half▼ 1.35
Return on assets (ROA)-3.2%below the sector's middle half▲ 5.6pp-10.2%below the sector's middle half▼ 7.0pp19.5%above the sector's middle half▲ 29.7pp-15.3%below the sector's middle half▼ 34.8pp0.0%within the sector's middle half▲ 15.3pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,906 after a loss of €48,149 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903,029
Fixed assets
€566,860 ▲ 813%
Current assets
€336,169 ▼ 2.1%
Equity and liabilities €903,029
Equity
€109,997 ▼ 0.3%
Debt
€793,031 ▲ 169%
Debt's share of the balance-sheet total rises from 72.8% to 87.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41,122▲
2024 · -€43,302
Cash flow
€24,903▲
2024 · -€57,344
Debt to equity
7.21▲
2024 · 2.68
ROE
-0.3%▲
2024 · -56.4%
Interest coverage
4.64▲
2024 · -38.35
Debt ≤ 1 year
€516,933▲
2024 · €171,626
Debt > 1 year
€271,648▲
2024 · €121,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,583 | €818 | €1,905 | €6,495 | €1 | ▼ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,221 | €44,938 | €7,689 | €4,847 | €25,216 | ▲ 420% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €44,000 | -€44,000 | €7,067 | ▲ 116% |
| Other operating charges640/8 | €1,832 | €3,938 | €4,029 | €923 | €2,652 | ▲ 187% |
| Non-recurring operating charges66A | €4,191 | €85 | €1,970 | €90,606 | €6,570 | ▼ 92.7% |
| Gross operating margin9900 | €45,199 | €33,281 | €104,278 | €4,227 | €57,411 | ▲ 1,258% |
| Operating profit (loss)9901 | -€11,045 | -€15,680 | €46,590 | -€48,149 | €15,906 | ▲ 133% |
| Financial charges65/66B | €3,475 | €4,219 | €2,789 | €13,867 | €16,219 | ▲ 17.0% |
| Recurring financial charges65 | €3,475 | €4,219 | €2,789 | €1,129 | €8,869 | ▲ 686% |
| Non-recurring financial charges66B | - | - | - | €12,738 | €7,350 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | -€14,520 | -€19,899 | €43,801 | -€62,016 | -€313 | ▲ 99.5% |
| Income taxes67/77 | - | - | - | €175 | - | - |
| Profit (loss) for the period9904 | -€14,520 | -€19,899 | €43,801 | -€62,191 | -€313 | ▲ 99.5% |
| Profit (loss) for the period to be appropriated9905 | -€14,520 | -€19,899 | €43,801 | -€62,191 | -€313 | ▲ 99.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,661 | €194,673 | €224,478 | €405,652 | €903,029 | ▲ 123% |
| Fixed assets21/28 | €126,861 | €79,768 | €73,484 | €62,099 | €566,860 | ▲ 813% |
| Intangible fixed assets21 | €31,000 | - | - | €7,000 | €7,000 | = |
| Tangible fixed assets22/27 | €45,503 | €29,410 | €23,126 | €39,529 | €544,290 | ▲ 1,277% |
| Plant, machinery and equipment23 | - | - | - | - | €23,208 | - |
| Furniture and vehicles24 | €11,870 | €3,907 | €2,205 | €1,537 | €70,356 | ▲ 4,478% |
| Other tangible fixed assets26 | €33,633 | €25,503 | €20,921 | €37,992 | €450,726 | ▲ 1,086% |
| Financial fixed assets28 | €50,358 | €50,358 | €50,358 | €15,570 | €15,570 | = |
| Current assets29/58 | €327,800 | €114,905 | €150,994 | €343,553 | €336,169 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €287,361 | €76,271 | €112,503 | €248,916 | €291,043 | ▲ 16.9% |
| Trade receivables40 | €14,650 | €22,539 | €44,789 | €110,268 | €226,077 | ▲ 105% |
| Other amounts receivable41 | €272,711 | €53,732 | €67,714 | €138,648 | €64,966 | ▼ 53.1% |
| Current investments50/53 | €35,336 | €35,335 | €35,335 | €35,335 | €28,268 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €2,147 | €1,535 | €1,604 | €56,637 | €14,225 | ▼ 74.9% |
| Deferred charges and accrued income490/1 | €2,956 | €1,764 | €1,552 | €2,665 | €2,632 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,661 | €194,673 | €224,478 | €405,652 | €903,029 | ▲ 123% |
| Equity10/15 | €148,599 | €128,700 | €172,501 | €110,310 | €109,997 | ▼ 0.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €8,513 | €8,513 | €8,513 | €8,513 | €8,513 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €6,200 | €6,200 | €6,200 | - | - | - |
| Tax-exempt reserves132 | €2,313 | €2,313 | €2,313 | €2,313 | €2,313 | = |
| Profit (loss) carried forward14 | €78,086 | €58,187 | €101,988 | €39,797 | €39,484 | ▼ 0.8% |
| Amounts payable17/49 | €306,062 | €65,973 | €51,977 | €295,342 | €793,031 | ▲ 169% |
| Amounts payable after more than one year17 | €141,976 | - | - | €121,066 | €271,648 | ▲ 124% |
| Financial debts170/4 | €141,976 | - | - | - | €205,735 | - |
| Other amounts payable178/9 | - | - | - | €121,066 | €65,913 | ▼ 45.6% |
| Amounts payable within one year42/48 | €114,305 | €25,093 | €19,148 | €171,626 | €516,933 | ▲ 201% |
| Current portion of amounts payable after more than one year42 | €8,531 | €2,223 | - | - | €44,265 | - |
| Trade debts44 | €18,444 | €3,338 | €8,828 | €33,804 | €120,122 | ▲ 255% |
| Suppliers440/4 | €18,444 | €3,338 | €8,828 | €33,804 | €120,122 | ▲ 255% |
| Taxes, remuneration and social security45 | €21,687 | €19,532 | €10,320 | - | - | - |
| Taxes450/3 | €21,687 | €19,532 | €10,320 | - | - | - |
| Other amounts payable47/48 | €65,643 | - | - | €137,822 | €352,546 | ▲ 156% |
| Accrued charges and deferred income492/3 | €49,781 | €40,880 | €32,829 | €2,650 | €4,450 | ▲ 67.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,520 | -€19,899 | €43,801 | -€62,191 | -€313 | ▲ 99.5% |
| + Depreciation and write-downs630 | €50,221 | €44,938 | €7,689 | €4,847 | €25,216 | ▲ 420% |
| Operating cash flow (approximation) | €35,701 | €25,039 | €51,490 | -€57,344 | €24,903 | ▲ 143% |
| Investment in fixed assets (approximation) | - | €2,155 | -€1,405 | €6,538 | -€529,977 | ▼ 8,206% |
| Change in cash | - | -€612 | €69 | €55,033 | -€42,412 | ▼ 177% |
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 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 7 days late
23-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 09/03/2026
- Registered-office move, avenue Orban, 208 à 1150 Bruxelles
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€62,191
Net result drops to -€62,191, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 94 days late
2023
31-12
Financial
Back to profitnet €43,801
Net result €43,801 after 3 loss-making years.
31-12
Financial
Equity above €150,000Eq €172,501 ▲34%
Equity rises from €128,700 to €172,501.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 65 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 394 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Equity above €200,000Eq €208,749 ▲27.6%
2 profitable years in a row build equity to €208,749.
Show earlier events
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 64 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 1998
Ground area
297 m²
Building footprint
173 m²
Volume, LiDAR
1,291 m³
Parcel 21683D0238/00T002, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
SHAKE HANDS
since 19982.085.466.049
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0238/00T002 | Brussels | 297 m² | 1 · 173 m² | 12.1 m · 3 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 1,188 companies in sector 77399 we hold annual accounts for 711. 481 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
Founded21-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462499760
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.