SHAMAS
ActiveSHAMAS has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246k and a net result of €7k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-86
Solvency47▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.31 in 2024), and 74.2% 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+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
25.8%
Return on assets
0.7%
Age of the figures
8 mo
raises risk · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
23 d early
2023
35 d early
2022
20 d early
2021
73 d late
2020
53 d late
2019
42 d late
← before the deadline
after the deadline →
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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€246k▲ 2.8%
2024 · €239k
2023: €179k
2024: €239k
2023 → 2025
Total assets
€950k▼ 3.7%
2024 · €987k
2023: €1.04M
2024: €987k
2023 → 2025
Net result
€7k▼ 88.9%
2024 · €60k
2023: €-169k
2024: €60k
2023 → 2025
Working capital
€240k▲ 3.2%
2024 · €233k
2023: €172k
2024: €233k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€179k-€239k▲ 33.3%€246k▲ 2.8%
Operating result€-162k-€64k€12k▼ 81.8%
Net result€-169k-€60k€7k▼ 88.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €950k
Fixed assets
€6k▼ 11.2%
Current assets
€945k▼ 3.6%
Equity and liabilities €950k
Equity
€246k▲ 2.8%
Debt
€705k▼ 5.8%
The debt ratio falls from 75.8% to 74.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€12k▼
2024 · €65k
Cash flow
€7k▼
2024 · €61k
Solvency
25.8%▲
2024 · 24.2%
Current ratio
1.34▲
2024 · 1.31
Quick ratio
0.59▲
2024 · 0.54
Debt / equity
2.87▼
2024 · 3.13
ROE
2.7%▼
2024 · 25.0%
ROA
0.7%▼
2024 · 6.1%
Interest coverage
3.68▼
2024 · 15.64
Debt
€705k▼
2024 · €748k
Debt ≤ 1 year
€705k▼
2024 · €748k
Income taxes
€2k▲
2024 · €2k
Staff costs
€288▲
2024 · €85
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
Total assets
20/58€987k€950k▼
Fixed assets
21/28€6k€6k▼
Tangible fixed assets
22/27€710€0▼
Financial fixed assets
28€6k€6k=
Current assets
29/58€980k€945k▼
Stocks & contracts in progress
3€577k€532k▼
Amounts receivable within one year
40/41€383k€401k▲
Cash & bank
54/58€7k€8k▲
Total equity & liabilities
10/49€987k€950k▼
Equity
10/15€239k€246k▲
Contributions / capital
10/11€19k€19k=
Reserves
13€330k€330k=
Accumulated profits (losses)
14€-109k€-103k▲
Amounts payable
17/49€748k€705k▼
Amounts payable within one year
42/48€748k€705k▼
Trade debts payable within one year
44€699k€640k▼
Income statement
Code20242025
Gross operating margin
9900€86k€15k▼
Operating result
9901€64k€12k▼
Financial income
75€515€309▼
Financial charges
65€4k€3k▼
Result before taxes
9903€61k€9k▼
Income taxes
67/77€2k€2k▲
Net result for the period
9904€60k€7k▼
Result to be appropriated
9905€60k€7k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
31-12
Financial
Equity above €200kEq €239k ▲33.3%
Equity rises from €179k to €239k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 73 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 282 days late
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 143 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 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
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Of 1,239 companies in sector 46861 we hold annual accounts for 649. 433 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1980
Fiscal year end31-12
Activities, NACEBEL
46861Wholesale of diamonds and other precious stones
51561
32121Other manufacturing
36221
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 09-08-2026. Scores and ratios are computed by Checked and are not a credit decision.