SHAKE4SHAPE
ActiveSummary
SHAKE4SHAPE has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,961 and a net result of €20,418. Equity has been growing by about 71% per year since 2023. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-12-2022 Normal situation
- Activity
- “Mise à disposition,à des entraineurs indépendants,d'un espace fonctionnel et d'un ensemble d'équipements cardio/fitness/musculation de…” (deed in French)From the articles, 16 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.339.934.265 1160 Oudergem, since 12-12-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 18-09-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts to 30-09-2025
- Gross margin
- €24,230
- ▼ 31.2%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €20,418
- ▼ 32.6%
- Equity
- €29,961
- ▲ 54.1%
- Total assets
- €43,001
- ▲ 12.4%
Score breakdownraises riskNo main activity registeredFounded in 2022lowers riskLiquidity: current ratio 3.17, cash €27,482Equity €29,961 (69.7% of total assets)Show the evidence
Checked score
Score 2025
70
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 78% of micro companies without a NACE code
Financial strength · tick: 2024
Strong
Solvency
95+19
equity 69.7% of total assets
Liquidity
87+11
short-term debt 30.3% · cash 63.9%
Profitability
100=
return on assets 47.5%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.8%▲ +0.7 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025highest value
03-2025: 2.8%● unchanged vs 02-2025
04-2025: 1.1%▼ -1.7 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.0%▼ -0.1 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.1%▲ +0.1 percentage points vs 11-2025
01-2026: 1.2%▲ +0.1 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 0.8%▼ -0.4 percentage points vs 03-2026lowest value
05-2026: 0.8%● unchanged vs 04-2026lowest value
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.8%▼ -0.1 percentage points vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.17 (1.93 in 2024), above the usual 1.5. Short-term debt is 30.3% and cash 63.9% of total assets. 30.3% of the assets are financed with debt and provisions.
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 (no NACE code, micro). It does better than 58% of them on solvency, 78% on liquidity, 90% on profitability and 87% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
38 days early
2024
51 days early
2023
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 47 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 11 March (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
30-09-2026 year end04-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-03-2026 PDF all 3 filings
Turnover
≈ €190,000
Estimated: probably between €85,000 and €440,000
Total assets
€43,001▲ 12.4%
2024 · €38,247
Net result
€20,418▼ 32.6%
2024 · €30,279
Working capital
€28,234▲ 62.3%
2024 · €17,400
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€23,518
▼ 32.6%
2025
20232025
Net result
€20,418
▼ 32.6%
2025
20232025
Equity
€29,961
▲ 54.1%
2025
20232025
Total assets
€43,001
▲ 12.4%
2025
20232025
Debt
€13,040
▼ 30.7%
2025
20232025
Working capital
€28,234
▲ 62.3%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€13,641-€34,887▲ 156%€23,518▼ 32.6%
Net result€13,514-€30,279▲ 124%€20,418▼ 32.6%
Equity€2,364-€19,443▲ 723%€29,961▲ 54.1%
Total assets€18,469-€38,247▲ 107%€43,001▲ 12.4%
Debt€16,105-€18,805▲ 16.8%€13,040▼ 30.7%
Working capital€4-€17,400▲ 4,416×€28,234▲ 62.3%
The operating result for 2025 is 33% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,001
Fixed assets
€1,726 ▼ 15.5%
Current assets
€41,274 ▲ 14.0%
Equity and liabilities €43,001
Equity
€29,961 ▲ 54.1%
Debt
€13,040 ▼ 30.7%
Debt's share of the balance-sheet total falls from 49.2% to 30.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,834▼
2024 · €35,203
Cash flow
€20,735▼
2024 · €30,596
Current ratio
3.17▲
2024 · 1.93
Debt to equity
0.44▼
2024 · 0.97
ROE
68.1%▼
2024 · 155.7%
ROA
47.5%▼
2024 · 79.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€13,040▼
2024 · €18,805
Income taxes
€2,972▼
2024 · €4,514
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €950 | - | - |
| Financial fixed assets | €1,500 | - | - |
| Depreciation and write-downs of the year | €90 | €317 | €317 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90 | €317 | €317 | = |
| Other operating charges640/8 | - | - | €395 | - |
| Gross operating margin9900 | €13,731 | €35,203 | €24,230 | ▼ 31.2% |
| Operating profit (loss)9901 | €13,641 | €34,887 | €23,518 | ▼ 32.6% |
| Financial income75/76B | €33 | - | - | - |
| Recurring financial income75 | €33 | - | - | - |
| Financial charges65/66B | - | €93 | €127 | ▲ 36.1% |
| Recurring financial charges65 | - | €93 | €127 | ▲ 36.1% |
| Profit (loss) for the period before taxes9903 | €13,674 | €34,793 | €23,390 | ▼ 32.8% |
| Income taxes67/77 | €160 | €4,514 | €2,972 | ▼ 34.2% |
| Profit (loss) for the period9904 | €13,514 | €30,279 | €20,418 | ▼ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €13,514 | €30,279 | €20,418 | ▼ 32.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €18,469 | €38,247 | €43,001 | ▲ 12.4% |
| Fixed assets21/28 | €2,360 | €2,043 | €1,726 | ▼ 15.5% |
| Tangible fixed assets22/27 | €860 | €543 | €226 | ▼ 58.3% |
| Plant, machinery and equipment23 | €860 | €543 | €226 | ▼ 58.3% |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €16,109 | €36,204 | €41,274 | ▲ 14.0% |
| Amounts receivable within one year40/41 | €12,516 | €19,596 | €13,661 | ▼ 30.3% |
| Trade receivables40 | €12,516 | €19,596 | €13,661 | ▼ 30.3% |
| Cash at bank and in hand54/58 | €3,338 | €16,359 | €27,482 | ▲ 68.0% |
| Deferred charges and accrued income490/1 | €255 | €250 | €132 | ▼ 47.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €18,469 | €38,247 | €43,001 | ▲ 12.4% |
| Equity10/15 | €2,364 | €19,443 | €29,961 | ▲ 54.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €364 | €17,443 | €27,961 | ▲ 60.3% |
| Amounts payable17/49 | €16,105 | €18,805 | €13,040 | ▼ 30.7% |
| Amounts payable within one year42/48 | €16,105 | €18,805 | €13,040 | ▼ 30.7% |
| Trade debts44 | €3,435 | €288 | - | - |
| Suppliers440/4 | €3,435 | €288 | - | - |
| Taxes, remuneration and social security45 | €160 | €4,674 | €2,972 | ▼ 36.4% |
| Taxes450/3 | €160 | €4,674 | €2,972 | ▼ 36.4% |
| Other amounts payable47/48 | €12,510 | €13,842 | €10,067 | ▼ 27.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,514 | €30,279 | €20,418 | ▼ 32.6% |
| + Depreciation and write-downs630 | €90 | €317 | €317 | = |
| Operating cash flow (approximation) | €13,604 | €30,596 | €20,735 | ▼ 32.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €13,020 | €11,123 | ▼ 14.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SHAKE4SHAPE has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHAKE4SHAPE itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for SHAKE4SHAPE. 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.
Board & ownership
Directors
Directors
1 director, no change since 2022
KORCZYK Sandra Nathalie
Current
Director (not named in the articles) · appointed in the act of 14-12-2022 · term without a fixed end
Owners and capital
Shareholders
At incorporation
act of 14-12-2022 ↗
- KORCZYK Sandra Nathalie 2,000 shares (100%) · in cash
Capital transactions
Capital over time
- 14-12-2022 Incorporation · €2,000 · 2,000 shares
Network & group
SHAKE4SHAPE shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of SHAKE4SHAPE. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
23-03
micro format · 38 days before the deadline
2025
10-03
micro format · 51 days before the deadline
2024
30-09
Financial
Highest result from 2023 to 2025net €30,279 ▲124%
The operating result of €34,887 and the net result of €30,279 are both a record.
10-03
micro format · 51 days before the deadline
2022
14-12
Gazette deed
IncorporationStarting capital €2,000 · Appointment: KORCZYK Sandra Nathalie (director) · Permanent representative: KORCZYK Sandra Nathalie · Founder10 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointment: KORCZYK Sandra Nathalie (director) · Permanent representative: KORCZYK Sandra Nathalie · Founder10 points ▸
- Incorporation, “SHAKE4SHAPE” (deed in French)
- Founder, KORCZYK Sandra Nathalie (comparante constituante)
- Founding capital, €2,000
- Bank account, 2000, “compte spécial ouvert au nom de la société en formation” (deed in French)
- Share issue, 2000, “apports” (deed in French)
- Registered office clause, “1160 Auderghem, Boulevard des Invalides 191 boite 001” (deed in French)
- Board rule, 1, “assemblée” (deed in French)
- Director appointment, KORCZYK Sandra Nathalie (director (not named in the articles))
- Permanent representative, KORCZYK Sandra Nathalie
- Pre-incorporation commitments, “takeover”, 01-09-2022 (deed in French)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SHAKE4SHAPE in French
Enterprise number
0794.638.252
Legal form
Private limited company
Status
Active, normale toestand
Founded
12-12-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-12-2022 (in French)Name clauseThe company operates under this name according to its articles.
SHAKE4SHAPE
deed of 14-12-2022 (in French)Registered office and establishments
Registered office
Invalidenlaan 191, 1160 Oudergem, Belgium
Establishment unit
SHAKE4SHAPE, Invalidenlaan 191, 1160 Oudergem since 12-12-2022 · unit number 2.339.934.26585510 Sports and recreation education
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 14-12-2022 (in French)
“Mise à disposition,à des entraineurs indépendants,d'un espace fonctionnel et d'un ensemble d'équipements cardio/fitness/musculation de salle…”
16 activities
- Mise à disposition,à des entraineurs indépendants,d'un espace fonctionnel et d'un ensemble d'équipements cardio/fitness/musculation de salle de remise en forme.Toutes prestations d'assistance,conseils ou autres ;
- Services de coaching sportif à domicile ou un autre lieu,comme par exemple dans une salle de sport ;
- Coaching sportif au sens le plus large ;
- Coaching de vie au sens le plus large ;
- Remise en forme pour particulier et entreprise ;
- Conseil pour une bonne hygiène de vie ;
- L’organisation,le fonctionnement,la gestion d’un ou plusieurs cabinets de soins kinésithérapiques ainsi que la prestation de soins kinésithérapiques au sens large.
- La gestion d’un patrimoine immobilier ainsi que toutes les opérations se rapportant directement ou indirectement à cet objet et qui sont de nature à favoriser le rapport des biens immeubles,tels que l’entretien,le développement,l’embellissement et la location des biens ;la société pourra également se porter caution des engagements contractés par des tiers qui auraient la jouissance des biens immeubles concernés.
- La constitution,le développement,la gestion et la conservation d’un patrimoine tant mobilier qu’immobilier.
- La prise de participation dans toutes affaires,entreprises ou sociétés ;la détention de titres représentatifs du capital desdites affaires,entreprises ou sociétés,ou de tous droits de souscription,d’options,de warrants,etc...L’assistance et la participation à la gestion de toute affaire,entreprise,groupement,association ou société
- L’organisation des cours,des évènements,des séminaires,des activités sportives à titre principal ou en qualité d’intermédiaire principalement mais pas exclusivement dans le domaine du bien-être,du ski,de la randonnée,de la pêche,et tout activité aquatique et maritime.
- La société pourra acquérir,vendre,louer des œuvres d’art de tout type.Elle pourra également assister et organiser des foires,exposition d’œuvres d’arts et tous types d’évènements y afférents.
- Elle dispose,d’une manière générale,d’une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement,entièrement ou partiellement,la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association,d'apport,de fusion,d'intervention financière ou autrement dans toutes sociétés,associations ou entreprises dont l'objet est identique,analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Elle peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées,au sens le plus large.
Invoicing and payment
VAT number
BE 0794.638.252
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of February at 18:00
deed of 14-12-2022 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
175 m²
Building footprint
81 m²
Building volume
665 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21002A0109/00A003 | Brussels | 175 m² | 1 · 81 m² | 9.8 m · 3 |