SHANIA
ActiveSummary
SHANIA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €942k and a net result of €-69k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14=
Solvency74▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 20.06 against 58.1 in 2024; short-term debt: 4.7% and cash: 0.4% of total assets), but 51.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
48.7%
Return on assets
-3.6%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-69k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
61 d late
2023
on the day
2022
5 d early
2021
6 d late
2020
6 d late
2019
1 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-69k▼ 0.9%
2024 · €-68k
Working capital
€1.73M▼ 2.7%
2024 · €1.77M
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€-420k€393k€46k▼ 88.3%€-67k€-68k▼ 1.0%
Net result€-433k€393k€10k▼ 97.5%€-68k€-69k▼ 0.9%
Equity€677k▼ 39.0%€1.07M▲ 58.0%€1.08M▲ 0.9%€1.01M▼ 6.3%€942k▼ 6.8%
Total assets€1.95M▼ 34.1%€1.99M▲ 1.7%€2.03M▲ 2.3%€1.94M▼ 4.4%€1.93M▼ 0.6%
Debt€1.28M▼ 31.2%€917k▼ 28.1%€953k▲ 4.0%€933k▼ 2.1%€991k▲ 6.2%
Working capital€1.47M▼ 31.3%€1.85M▲ 26.2%€1.86M▲ 0.6%€1.77M▼ 4.9%€1.73M▼ 2.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2025 against €67k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.93M
Fixed assets
€116k ▼ 17.3%
Current assets
€1.82M ▲ 0.7%
Equity and liabilities €1.93M
Equity
€942k ▼ 6.8%
Debt
€991k ▲ 6.2%
Debt's share of the balance-sheet total rises from 48.0% to 51.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-38k▲
2024 · €-39k
Cash flow
€-39k▲
2024 · €-41k
Current ratio
20.06▼
2024 · 58.10
Quick ratio
0.43▼
2024 · 0.84
Debt to equity
1.05▲
2024 · 0.92
ROE
-7.3%▼
2024 · -6.8%
ROA
-3.6%▼
2024 · -3.5%
Interest coverage
-31.56▼
2024 · -31.20
Debt ≤ 1 year
€91k▲
2024 · €31k
Debt > 1 year
€900k=
2024 · €900k
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 | €19k | €20k | €25k | €28k | €30k | ▲ 6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1.01M | - | - | - | - | - |
| Other operating charges640/8 | - | €2k | €1k | €1k | €1k | ▲ 5.4% |
| Gross operating margin9900 | €608k | €415k | €73k | €-38k | €-37k | ▲ 3.2% |
| Operating profit (loss)9901 | €-420k | €393k | €46k | €-67k | €-68k | ▼ 1.0% |
| Financial charges65/66B | €13k | €664 | €37k | €1k | €1k | ▼ 4.1% |
| Recurring financial charges65 | €13k | €664 | €37k | €1k | €1k | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €-433k | €393k | €10k | €-68k | €-69k | ▼ 0.9% |
| Profit (loss) for the period9904 | €-433k | €393k | €10k | €-68k | €-69k | ▼ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €-433k | €393k | €10k | €-68k | €-69k | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.95M | €1.99M | €2.03M | €1.94M | €1.93M | ▼ 0.6% |
| Fixed assets21/28 | €112k | €107k | €152k | €140k | €116k | ▼ 17.3% |
| Tangible fixed assets22/27 | €112k | €107k | €152k | €140k | €116k | ▼ 17.3% |
| Plant, machinery and equipment23 | €9k | €5k | €10k | €21k | €20k | ▼ 5.2% |
| Furniture and vehicles24 | €26k | €22k | €72k | €62k | €52k | ▼ 16.2% |
| Other tangible fixed assets26 | €77k | €80k | €70k | €57k | €44k | ▼ 22.8% |
| Current assets29/58 | €1.84M | €1.88M | €1.88M | €1.80M | €1.82M | ▲ 0.7% |
| Stocks and contracts in progress3 | €1.78M | €1.78M | €1.78M | €1.78M | €1.78M | = |
| Stocks30/36 | €1.78M | €1.78M | €1.78M | €1.78M | €1.78M | = |
| Amounts receivable within one year40/41 | €17k | €24k | €7k | €13k | €32k | ▲ 150% |
| Trade receivables40 | €17k | €14k | €5k | €7k | €30k | ▲ 311% |
| Other amounts receivable41 | - | €10k | €2k | €5k | €2k | ▼ 64.3% |
| Cash at bank and in hand54/58 | €46k | €78k | €96k | €13k | €7k | ▼ 49.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €42 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.95M | €1.99M | €2.03M | €1.94M | €1.93M | ▼ 0.6% |
| Equity10/15 | €677k | €1.07M | €1.08M | €1.01M | €942k | ▼ 6.8% |
| Contributions10/11 | €1.39M | €1.39M | €1.39M | €1.39M | €1.39M | = |
| Profit (loss) carried forward14 | €-716k | €-323k | €-314k | €-382k | €-451k | ▼ 18.1% |
| Amounts payable17/49 | €1.28M | €917k | €953k | €933k | €991k | ▲ 6.2% |
| Amounts payable after more than one year17 | €890k | €890k | €900k | €900k | €900k | = |
| Other amounts payable178/9 | €890k | €890k | €900k | €900k | €900k | = |
| Amounts payable within one year42/48 | €372k | €26k | €17k | €31k | €91k | ▲ 192% |
| Trade debts44 | €21k | €20k | €7k | €2k | €7k | ▲ 202% |
| Suppliers440/4 | €21k | €20k | €7k | €2k | €7k | ▲ 202% |
| Taxes, remuneration and social security45 | €7k | €6k | €4k | €17k | - | - |
| Taxes450/3 | €7k | €6k | €2k | €17k | - | - |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | €345k | €442 | €6k | €12k | €83k | ▲ 601% |
| Accrued charges and deferred income492/3 | €13k | €650 | €37k | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-433k | €393k | €10k | €-68k | €-69k | ▼ 0.9% |
| + Depreciation and write-downs630 | €19k | €20k | €25k | €28k | €30k | ▲ 6.7% |
| Operating cash flow (approximation) | €-414k | €413k | €35k | €-41k | €-39k | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | €-16k | €-70k | €-16k | €-5k | ▲ 65.7% |
| Change in cash | - | €31k | €18k | €-82k | €-7k | ▲ 91.9% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Back to profitnet €393k
Net result €393k after one loss-making year.
30-09
Financial
Liquidity times 14current ratio 71.16
Current ratio from 4.94 to 71.16; short-term debt falls from €372k to €26k.
30-09
Financial
Equity above €1MEq €1.07M ▲58%
Equity rises from €677k to €1.07M.
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 6 days late
2021
30-09
Financial
Weakest financial yearnet €-433k
Net result drops to €-433k, the lowest in the series; recovery starts the following year.
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
30-09
Financial
Equity above €1MEq €1.11M ▲33.1%
3 profitable years in a row build equity to €1.11M.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
30-09
Financial
Equity above €500kEq €835k ▲80.7%
2 profitable years in a row build equity to €835k.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Lasne · 1 establishment unit since 2008
Ground area
1.8 ha
Building footprint
388 m²
Parcel 25061B0166/00A000, Wallonia. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
SHANIA
since 20082.171.945.806
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25061B0166/00A000 | Wallonia | 1.8 ha | 1 · 388 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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CHOICE JUWELEN
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Of 2,018 companies in sector 47770 we hold annual accounts for 897. 535 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
Founded02-04-2008
Fiscal year end30-09
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.