SHALCO
ActiveSHALCO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226k and a net result of €55k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+6
Solvency68▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 1.98 in 2024; short-term debt: 35.4% and cash: 0.8% of total assets), but 57% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43%
Return on assets
10.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
6 d early
2022
2 d late
2021
2 d late
2020
4 d early
2019
19 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€226k▲ 31.9%
2024 · €171k
2019: €14k
2020: €20k
2021: €72k
2022: €106k
2023: €145k
2024: €171k
2019 → 2025
Total assets
€526k▲ 16.2%
2024 · €452k
2019: €34k
2020: €36k
2021: €115k
2022: €167k
2023: €389k
2024: €452k
2019 → 2025
Net result
€55k▲ 107%
2024 · €26k
2019: €7k
2020: €6k
2021: €52k
2022: €56k
2023: €39k
2024: €26k
2019 → 2025
Working capital
€167k▲ 63.2%
2024 · €102k
2019: €13k
2020: €17k
2021: €41k
2022: €68k
2023: €94k
2024: €102k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€106k▲ 47.3%€145k▲ 36.5%€171k▲ 18.2%€226k▲ 31.9%
Operating result€70k-€84k▲ 18.8%€58k▼ 31.2%€55k▼ 4.2%€99k▲ 78.8%
Net result€52k-€56k▲ 6.5%€39k▼ 30.2%€26k▼ 31.9%€55k▲ 107%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 79% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €526k
Fixed assets
€173k▼ 29.5%
Current assets
€353k▲ 70.3%
Equity and liabilities €526k
Equity
€226k▲ 31.9%
Debt
€300k▲ 6.7%
The debt ratio falls from 62.1% to 57.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171k▲
2024 · €127k
Cash flow
€127k▲
2024 · €98k
Solvency
43.0%▲
2024 · 37.9%
Current ratio
1.90▼
2024 · 1.98
Quick ratio
1.90▼
2024 · 1.98
Debt / equity
1.33▼
2024 · 1.64
ROE
24.2%▲
2024 · 15.4%
ROA
10.4%▲
2024 · 5.8%
Interest coverage
18.00▲
2024 · 13.51
Debt
€300k▲
2024 · €281k
Debt ≤ 1 year
€186k▲
2024 · €105k
Debt > 1 year
€114k▼
2024 · €176k
Income taxes
€34k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€452k€526k▲
Fixed assets21/28€245k€173k▼
Tangible fixed assets22/27€245k€173k▼
Plant, machinery and equipment23€16k€9k▼
Furniture and vehicles24€16k€12k▼
Leasing and similar rights25€213k€151k▼
Financial fixed assets28€25€25=
Current assets29/58€207k€353k▲
Amounts receivable within one year40/41€199k€349k▲
Trade receivables40€60k€132k▲
Other amounts receivable41€139k€217k▲
Cash at bank and in hand54/58€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€452k€526k▲
Equity10/15€171k€226k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€165k€220k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€163k€218k▲
Amounts payable17/49€281k€300k▲
Amounts payable after more than one year17€176k€114k▼
Financial debts170/4€176k€114k▼
Amounts payable within one year42/48€105k€186k▲
Current portion of amounts payable after more than one year42€60k€62k▲
Trade debts44€24k€71k▲
Suppliers440/4€24k€71k▲
Taxes, remuneration and social security45€21k€53k▲
Taxes450/3€21k€53k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€72k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€131k€174k▲
Operating profit (loss)9901€55k€99k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€46k€89k▲
Income taxes67/77€19k€34k▲
Profit (loss) for the period9904€26k€55k▲
Profit (loss) for the period to be appropriated9905€26k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€55k▲
Transfer to equity691/2€26k€55k▲
To other reserves6921€26k€55k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €200kEq €226k ▲31.9%
7 profitable years in a row build equity to €226k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €171k ▲18.2%
6 profitable years in a row build equity to €171k.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Highest result since 2019net €56k ▲6.5%
Net result €56k, the highest in the series.
31-03
Financial
Equity above €100kEq €106k ▲47.3%
4 profitable years in a row build equity to €106k.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €6k ▼17.1%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
2019
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Willebroek · 1 establishment unit since 2016
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.
Dendermondsesteenweg 1782830 WillebroekGround area
572 m²
Building footprint
92 m²
Volume, LiDAR
679 m³
Parcel 12040A0605/00R000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Shalco
since 20162.257.494.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0605/00R000 | Flanders | 572 m² | 1 · 92 m² | 10.8 m · 2 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.
Similar companies · same sector, comparable size
PROJECT CARE
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CORETEC INVOICING
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DFT ENGINEERING
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FL Industrial Project
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ATM VB
BE 1003.789.157
Balen · Eq €226k
Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 5,063 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-06-2011
Fiscal year end31-03
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:michel.eeraerts@gmail.com
Phone:0473/55.72.15