Shanga
ActiveSummary
Shanga has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-13k. Equity is shrinking by ~76.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-85
Solvency24▼-76
Growth32▼-46
Track record82
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.53 against 5.23 in 2024; short-term debt: 51.7% and cash: 61.6% of total assets), but equity is negative.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
-0.7%
Return on assets
-3.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
54 d early
2023
9 d late
← 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
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €10k
2023: €1k
2024: €10k▲ +617% vs 2023highest in 3 years
2025: €-3k▼ -127% vs 2024lowest in 3 years
2023 → 2025
Total assets
€418k▲ 3,123%
2024 · €13k
2023: €3klowest in 3 years
2024: €13k▲ +355% vs 2023
2025: €418k▲ +3123% vs 2024highest in 3 years
2023 → 2025
Net result
€-13k
2024 · €9k
2023: €-1k
2024: €9k▲ +972% vs 2023highest in 3 years
2025: €-13k▼ -247% vs 2024lowest in 3 years
2023 → 2025
Working capital
€114k▲ 983%
2024 · €10k
2023: €1klowest in 3 years
2024: €10k▲ +617% vs 2023
2025: €114k▲ +983% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€1k-€10k▲ 617%€-3k
2023: €1k
2024: €10k▲ +617% vs 2023highest in 3 years
2025: €-3k▼ -127% vs 2024lowest in 3 years
Operating result€-1k-€11k€-11k
2023: €-1k
2024: €11k▲ +1165% vs 2023highest in 3 years
2025: €-11k▼ -199% vs 2024lowest in 3 years
Net result€-1k-€9k€-13k
2023: €-1k
2024: €9k▲ +972% vs 2023highest in 3 years
2025: €-13k▼ -247% vs 2024lowest in 3 years
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 €11k after €11k in 2024, the lowest result in the available series.
Balance-sheet composition
Assets €418k
Fixed assets
€88k
Current assets
€330k
Key figures and ratios
EBITDA
€-10k
Cash flow
€-12k
Solvency
-0.7%▼
2024 · 80.9%
Current ratio
1.53▼
2024 · 5.23
ROA
-3.2%▼
2024 · 69.6%
Interest coverage
-4.16
Debt
€421k▲
2024 · €2k
Debt ≤ 1 year
€216k▲
2024 · €2k
Debt > 1 year
€205k
Income taxes
€0▼
2024 · €2k
A ratio outside any meaningful range has been withheld (balance sheet total €418k, equity €-3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13k€418k▲
Fixed assets21/28-€88k
Tangible fixed assets22/27-€88k
Land and buildings22-€75k
Furniture and vehicles24-€800
Other tangible fixed assets26-€13k
Current assets29/58€13k€330k▲
Amounts receivable within one year40/41€170€72k▲
Trade receivables40€170€71k▲
Other amounts receivable41-€707
Cash at bank and in hand54/58€13k€258k▲
Equity and liabilities
Total equity and liabilities10/49€13k€418k▲
Equity10/15€10k€-3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€8k€-5k▼
Amounts payable17/49€2k€421k▲
Amounts payable after more than one year17-€205k
Financial debts170/4-€205k
Amounts payable within one year42/48€2k€216k▲
Trade debts44€0€73k▲
Suppliers440/4€0€73k▲
Advances received on contracts in progress46€480€0▼
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48-€142k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€974
Other operating charges640/8€387€400▲
Gross operating margin9900€11k€-10k▼
Operating profit (loss)9901€11k€-11k▼
Financial income75/76B-€30
Recurring financial income75-€30
Financial charges65/66B€1€2k▲
Recurring financial charges65€1€2k▲
Profit (loss) for the period before taxes9903€11k€-13k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€9k€-13k▼
Profit (loss) for the period to be appropriated9905€9k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-5k▼
Profit (loss) brought forward from the previous period14P€-1k€8k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €974 | - |
| Other operating charges640/8 | - | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €-1k | €11k | €-10k | ▼ 184% |
| Operating profit (loss)9901 | €-1k | €11k | €-11k | ▼ 199% |
| Financial income75/76B | - | - | €30 | - |
| Recurring financial income75 | - | - | €30 | - |
| Financial charges65/66B | - | €1 | €2k | ▲ 239,133% |
| Recurring financial charges65 | - | €1 | €2k | ▲ 239,133% |
| Profit (loss) for the period before taxes9903 | €-1k | €11k | €-13k | ▼ 220% |
| Income taxes67/77 | - | €2k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-1k | €9k | €-13k | ▼ 247% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €9k | €-13k | ▼ 247% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €3k | €13k | €418k | ▲ 3,123% |
| Fixed assets21/28 | - | - | €88k | - |
| Tangible fixed assets22/27 | - | - | €88k | - |
| Land and buildings22 | - | - | €75k | - |
| Furniture and vehicles24 | - | - | €800 | - |
| Other tangible fixed assets26 | - | - | €13k | - |
| Current assets29/58 | €3k | €13k | €330k | ▲ 2,442% |
| Amounts receivable within one year40/41 | - | €170 | €72k | ▲ 42,285% |
| Trade receivables40 | - | €170 | €71k | ▲ 41,869% |
| Other amounts receivable41 | - | - | €707 | - |
| Cash at bank and in hand54/58 | €3k | €13k | €258k | ▲ 1,913% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €3k | €13k | €418k | ▲ 3,123% |
| Equity10/15 | €1k | €10k | €-3k | ▼ 127% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-1k | €8k | €-5k | ▼ 166% |
| Amounts payable17/49 | €1k | €2k | €421k | ▲ 16,882% |
| Amounts payable after more than one year17 | - | - | €205k | - |
| Financial debts170/4 | - | - | €205k | - |
| Amounts payable within one year42/48 | €1k | €2k | €216k | ▲ 8,620% |
| Trade debts44 | €1k | €0 | €73k | ▲ 90,638,363% |
| Suppliers440/4 | €1k | €0 | €73k | ▲ 90,638,363% |
| Advances received on contracts in progress46 | - | €480 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €2k | €2k | = |
| Taxes450/3 | - | €2k | €2k | = |
| Other amounts payable47/48 | - | - | €142k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €9k | €-13k | ▼ 247% |
| + Depreciation and write-downs630 | - | - | €974 | - |
| Operating cash flow (approximation) | €-1k | €9k | €-12k | ▼ 236% |
| Change in cash | - | €10k | €245k | ▲ 2,361% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.23
Current ratio from 2.06 to 5.23.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Pont-à-Celles · 1 establishment unit since 2023
Ground area
494 m²
Building footprint
67 m²
Parcel 52009B0273/00X002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Shanga
since 20232.354.554.343
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52009B0273/00X002 | Wallonia | 494 m² | 1 · 67 m² | - |
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 13,496 companies in sector 85510 we hold annual accounts for 720. 549 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
Founded22-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
85510Sports and recreation education
79110Travel agency activities
96999Other personal services
96230Day spas, saunas and steam baths
Contact
Website
yogandme.be
E-mail
melissa@shanga.be
Scores and ratios are computed by Checked and are not a credit decision.