Shalima
ActiveSummary
The annual accounts of Shalima for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €15k and a net result of €-20k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 164 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-93
Solvency60▲+8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.46 against 1.52 in 2024; short-term debt: 64% and cash: 3.9% of total assets), and 64.6% of the assets are financed with debt.
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Signals
Four 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.4%
Return on assets
-46.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
48 d early
2023
36 d early
2022
27 d early
2021
54 d early
2020
43 d early
2019
57 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 56.9%
2024 · €36k
Total assets
€44k▼ 67.1%
2024 · €133k
Net result
€-20k
2024 · €26k
Working capital
€13k▼ 70.3%
2024 · €44k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-36k€55k€-31k€31k€-19k
Net result€-37k€46k€-32k€26k€-20k
Equity€24k▼ 60.9%€60k▲ 150%€28k▼ 53.5%€36k▲ 28.8%€15k▼ 56.9%
Total assets€80k▲ 15.0%€136k▲ 69.8%€85k▼ 37.5%€133k▲ 56.0%€44k▼ 67.1%
Debt€56k▲ 573%€76k▲ 35.6%€57k▼ 24.9%€97k▲ 69.2%€28k▼ 70.9%
Working capital€72k▲ 18.9%€99k▲ 37.4%€50k▼ 49.7%€44k▼ 11.9%€13k▼ 70.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €31k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44k
Fixed assets
€3k ▼ 42.0%
Current assets
€41k ▼ 68.0%
Equity and liabilities €44k
Equity
€15k ▼ 56.9%
Debt
€28k ▼ 70.9%
Debt's share of the balance-sheet total falls from 73.0% to 64.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2024 · €34k
Cash flow
€-18k▼
2024 · €29k
Current ratio
1.46▼
2024 · 1.52
Debt to equity
1.82▼
2024 · 2.70
ROE
-132.2%▼
2024 · 71.7%
ROA
-46.8%▼
2024 · 19.4%
Interest coverage
-9.59▼
2024 · 15.33
Debt ≤ 1 year
€28k▼
2024 · €85k
Debt > 1 year
€0▼
2024 · €12k
Income taxes
€180▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €3k | €3k | €2k | ▼ 41.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €406 | €348 | €1k | €387 | €552 | ▲ 42.4% |
| Gross operating margin9900 | €-34k | €57k | €-26k | €34k | €-16k | ▼ 147% |
| Operating profit (loss)9901 | €-36k | €55k | €-31k | €31k | €-19k | ▼ 161% |
| Financial income75/76B | €292 | €441 | €185 | €180 | €106 | ▼ 41.1% |
| Recurring financial income75 | €292 | €441 | €185 | €180 | €106 | ▼ 41.1% |
| Financial charges65/66B | €1k | €2k | €2k | €2k | €2k | ▼ 21.3% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €2k | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | €-37k | €54k | €-32k | €28k | €-20k | ▼ 171% |
| Income taxes67/77 | €185 | €8k | €194 | €3k | €180 | ▼ 93.5% |
| Profit (loss) for the period9904 | €-37k | €46k | €-32k | €26k | €-20k | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | €-37k | €46k | €-32k | €26k | €-20k | ▼ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80k | €136k | €85k | €133k | €44k | ▼ 67.1% |
| Fixed assets21/28 | €2k | €10k | €8k | €5k | €3k | ▼ 42.0% |
| Tangible fixed assets22/27 | €0 | €7k | €6k | €2k | €395 | ▼ 83.3% |
| Plant, machinery and equipment23 | - | €3k | €2k | €961 | €0 | ▼ 100% |
| Furniture and vehicles24 | €0 | €4k | €4k | €1k | €395 | ▼ 71.8% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €78k | €127k | €77k | €128k | €41k | ▼ 68.0% |
| Amounts receivable within one year40/41 | €38k | €26k | €24k | €10k | €37k | ▲ 283% |
| Trade receivables40 | €29k | €21k | €19k | €7k | €34k | ▲ 383% |
| Other amounts receivable41 | €9k | €6k | €5k | €3k | €4k | ▲ 33.1% |
| Cash at bank and in hand54/58 | €38k | €99k | €51k | €117k | €2k | ▼ 98.5% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €2k | €2k | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80k | €136k | €85k | €133k | €44k | ▼ 67.1% |
| Equity10/15 | €24k | €60k | €28k | €36k | €15k | ▼ 56.9% |
| Contributions10/11 | €8k | €0 | - | - | - | - |
| Reserves13 | €21k | €60k | €60k | €44k | €44k | = |
| Distributable reserves133 | €21k | €60k | €60k | €44k | €44k | = |
| Profit (loss) carried forward14 | €-5k | €0 | €-32k | €-8k | €-29k | ▼ 253% |
| Amounts payable17/49 | €56k | €76k | €57k | €97k | €28k | ▼ 70.9% |
| Amounts payable after more than one year17 | €50k | €48k | €30k | €12k | €0 | ▼ 100% |
| Financial debts170/4 | €50k | €48k | €30k | €12k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €6k | €28k | €28k | €85k | €28k | ▼ 66.9% |
| Current portion of amounts payable after more than one year42 | €645 | €6k | €20k | €17k | €12k | ▼ 27.7% |
| Financial debts43 | - | - | - | - | €4k | - |
| Credit institutions430/8 | - | - | - | - | €4k | - |
| Trade debts44 | €2k | €18k | €4k | €26k | €2k | ▼ 92.1% |
| Suppliers440/4 | €2k | €18k | €4k | €26k | €2k | ▼ 92.1% |
| Taxes, remuneration and social security45 | €4k | €2k | €3k | €23k | €3k | ▼ 87.3% |
| Taxes450/3 | €4k | €2k | €3k | €23k | €2k | ▼ 91.6% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | €0 | €2k | €0 | €18k | €7k | ▼ 62.2% |
| Accrued charges and deferred income492/3 | €240 | €0 | - | - | €240 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €46k | €-32k | €26k | €-20k | ▼ 179% |
| + Depreciation and write-downs630 | €1k | €1k | €3k | €3k | €2k | ▼ 41.1% |
| Operating cash flow (approximation) | €-36k | €47k | €-29k | €29k | €-18k | ▼ 164% |
| Investment in fixed assets (approximation) | - | €-9k | €-1k | €0 | €0 | - |
| Change in cash | - | €61k | €-47k | €65k | €-115k | ▼ 276% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 8.84
Current ratio from 3.20 to 8.84; short-term debt falls from €26k to €8k.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Tervuren · 1 establishment unit since 2003
Ground area
149 m²
Building footprint
80 m²
Volume, LiDAR
710 m³
Parcel 24302D0439/00P007, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Shalima
since 20032.123.229.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302D0439/00P007 | Flanders | 149 m² | 1 · 80 m² | 11.2 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 1,090 companies in sector 14210 we hold annual accounts for 212. 108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
62900Other information technology and computer services
13300Finishing of textiles
46419Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
47511Retail trade
47519Retail trade
58290Other software publishing
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74112Other professional, scientific and technical activities
82100Office administrative and support services
82300Organisation of conventions and trade shows
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.