Liquidity
39.67 was 7.20 in 2023
Short-term debts fell from €6,887 to €2,152.
SHAKEHOLDERS
Lifetime
12 annual accounts with figures on one time axispeak €99,482 (2019)
€41,637▼ 11.2%
lowest -€26,009 (2022)
€31,031▲ 445%
peak €83,081 (2013)
€76,683▲ 68.0%
€8,685▼ 37.8%
Board2 names since 2019
1 directorAlain Deneef
Documentsfilings and deeds
29-08-202529 days late
2024financial year
Result from €5,695 to €31,031Change of role: DENEEF Alain Marie Jacques, from managing dir… 06-05Equity from €45,652 to €76,683Debts from €13,955 to €8,685
Key points
from the 2024 annual accountsFilings
12 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
89.8%
Higher solvency than 89% of companies in advertising and market research. Sector median 44.1% · 1,080 companies.
Checked score
58
Fair
Financially stronger than 90% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
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: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.5 percentage points vs 07-2026
09-2026: 1.1%▲ +0.2 percentage points vs 08-2026
10-2026: 1.8%▲ +0.7 percentage points vs 09-2026highest value
11-2026: 1.8%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 02-09-2025)
Liquidity: current ratio 39.67
Size: total assets €85,368
lowers risk
Equity €76,683 (89.8% of total assets)
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 73, micro). It does better than 87% of them on solvency, 97% on liquidity, 88% on profitability and 87% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 34,693 companies had the same profile as SHAKEHOLDERS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of SHAKEHOLDERS itself is higher: 1.8% within 12 months. It rests on far more data about SHAKEHOLDERS than the profile alone.
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 34,693 companies, not a prediction for SHAKEHOLDERS. 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 €4,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 39.67 (7.2 in 2023), above the usual 1.5. Short-term debt is 2.5% of total assets. 10.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
29 days late
2023
62 days early
2022
53 days early
2021
54 days early
2020
54 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 39 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Change of role: DENEEF Alain Marie Jacques, from managing director to sole director
Resignation: P. and V. Consultants (director) · “nouvel article 3” (deed in French) · Director discharge: DENEEF Alain Marie Jacques · Gazette deed
Registered office moved within Brussels
New registered office: avenue Marie-José 27 à 1200 Bruxelles · Previous registered office: AVENUE GUILLAUME MACAU 8-1050 BRUXELLES · Board meeting of 08-09-2022 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0847022905
Company renamed from PROSOPON EDITIONS to SHAKEHOLDERS
Registered office moved from Ochamps - Ronfay to Ixelles · New registered office: avenue Guillaume Macau 8, 1050 Ixelles · Previous registered office: 15, 6890 OCHAMPS - RONFAY · General meeting of 25-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHAKEHOLDERS Woluwe-Saint-Lambert | €85,368 | €41,637 | 89.8% | - |
| Aivysion Auderghem | €93,536 | €39,414 | 75.4% | - |
| Société de Recherche pour l'Infertilité Woluwe-Saint-Pierre | €93,948 | €44,189 | 77.5% | - |
| Nova Terra Coach Training & Corporate Development Ixelles | €71,143 | €45,023 | 15.3% | - |
| I LOVE MEDIA Woluwe-Saint-Pierre | €70,695 | €42,990 | 53.2% | - |
| COOKING & COMMUNICATION COMPANY Ghent | €92,687 | €41,235 | 73.3% | - |
| LEAD UP Dilbeek | €89,630 | €38,701 | 43.1% | - |
These companies have the same main activity as SHAKEHOLDERS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €70,700 and €93,900, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 02-07-2012Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Public relations and communication consultancyNACE 73300
- Establishment unit
- 2.299.513.3751200 Woluwe-Saint-Lambert, since 01-09-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2024
- ≈ €110,000estimated
- €85,368▲ 43.2%
- ≈ 0 FTEestimated
- Filing
- Filed on 29-08-2025
Insights on SHAKEHOLDERS
SHAKEHOLDERS has existed since 2012. The gross margin grew from €3,393 in 2013 to €41,637 in 2024.
Solvency rose in 2024 from 76.6% to 89.8% because of the retained profit and lower debts.
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 SHAKEHOLDERS
- What is the company number of SHAKEHOLDERS?
- The company number of SHAKEHOLDERS is 0847.022.905. The VAT number is the same number with BE in front: BE 0847.022.905.
- Where is SHAKEHOLDERS based?
- The registered office is at Marie-Josélaan 27, 1200 Woluwe-Saint-Lambert.Company details
- What does SHAKEHOLDERS do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of SHAKEHOLDERS?
- SHAKEHOLDERS is a public limited company (NV).
- When was SHAKEHOLDERS founded?
- SHAKEHOLDERS was founded on 02-07-2012.
- Is SHAKEHOLDERS still active?
- Yes, SHAKEHOLDERS is an active enterprise in the KBO register.
- How many employees does SHAKEHOLDERS have?
- SHAKEHOLDERS had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of SHAKEHOLDERS?
- The turnover in financial year 2024 is ≈ €110,000. This figure is estimated from the gross margin of €41,637 and 45 comparable companies (NACE 73). It probably lies between €77,000 and €150,000. In financial year 2018 turnover was €9,035.
- Is SHAKEHOLDERS profitable?
- In financial year 2024, SHAKEHOLDERS made a profit of €31,031.
- Where can I find the annual accounts of SHAKEHOLDERS?
- SHAKEHOLDERS filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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