Losses
-€137,642 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
SHANIA
Lifetime
17 annual accounts with figures on one time axispeak €607,985 (2021)
-€37,073▲ €1,228
lowest -€433,344 (2021)
-€69,142▼ €643
peak €1.2m (2010)
€942,114▼ 6.8%
€990,566▲ 6.2%
peak 2.2 FTE (2011)
-not published
Board5 names since 2008
3 directorsAlain De Braekeleer and 2 others
Documentsfilings and deeds
28-04-20262 days before the deadline
2025financial year
Loss of €69,142Cash from €13,436 to €6,794
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
Three of the last ten came late. The 2024 accounts came latest: 61 days after the end of the period.
Position in the sector
-€69,142
Lower net result than 86% of companies in retail trade. Sector median €39,909 · 5,068 companies.
Checked score
80
Excellent
Financially stronger than 41% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.3 percentage points vs 06-2025
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026
05-2026: 0.8%▲ +0.2 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -0.3 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 20.06, cash €6,794
1 of the last 3 accounts late
lowers risk
Size: total assets €1.9m
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 63% of them on solvency, 54% on liquidity, 19% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as SHANIA has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHANIA itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for SHANIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 20.06 (58.1 in 2024), above the usual 1.5. Short-term debt is 4.7% and cash 0.4% of total assets. However, 51.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
19202122232425
2019 to 2025 · latest year -€69,142
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 days early
2024
61 days late
2023
on the day
2022
5 days early
2021
6 days late
2020
6 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 1 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
DB
De Braekeleer Cillian
Director
DB
De Braekeleer Steeve
Director
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896980378
Appointments: Gary DE BRAEKELEER (manager) and Steve DE BRAEKELEER (manager)
General meeting of 01-12-2016 · Gazette deed
Change of role: Alain De Braekeleer, from manager to director
General meeting of 30-10-2020 · Gazette deed
First establishment
Rue d'Hubermont 4, Lasne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHANIA Lasne | €1.9m | -€37,073 | 48.7% | - |
| RAIDILLON Auderghem | €1.3m | -€13,754 | 63.3% | - |
| CHAMARANDE Ixelles | €1.2m | -€13,307 | -62.1% | - |
| DAVMAN Antwerp | €1.0m | -€3,664 | 22.3% | - |
| THE FUNKY GOLD COMPANY Wijnegem | €1.5m | -€5,017 | 9.5% | - |
| EMERALD Antwerp | €2.3m | €3,221 | 12.2% | - |
| ROELL DIAMONDS & JEWELS Antwerp | €0.6m | -€28,786 | 26.7% | - |
These companies have the same main activity as SHANIA: retail sale of watches and jewellery (NACE 47770). They are comparable in size and age: total assets between €638,000 and €2.3m, founded between 1995 and 2018.
Official details
Source: KBO- Status
- Active since 02-04-2008Normal situation
- Activity
- Retail sale of watches and jewelleryNACE 47770and 1 other
- Establishment unit
- 2.171.945.8061380 Lasne, since 04-04-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 31-03-2026
Annual accounts to 30-09-2025
- €1.9m▼ 0.6%
- Filing
- Filed on 28-04-2026, 2 days before the end of the filing period
Insights on SHANIA
SHANIA has existed since 2008. The gross margin fell from €607,985 in 2021 to €72,939 in 2023.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SHANIA
- What is the company number of SHANIA?
- The company number of SHANIA is 0896.980.378. The VAT number is the same number with BE in front: BE 0896.980.378.
- Where is SHANIA based?
- The registered office is at Rue d'Hubermont 4, 1380 Lasne.Company details
- What does SHANIA do?
- According to the KBO register, the main activity is retail sale of watches and jewellery (NACE 47770).
- What is the legal form of SHANIA?
- SHANIA is a private limited company (BV).
- When was SHANIA founded?
- SHANIA was founded on 02-04-2008.
- Is SHANIA still active?
- Yes, SHANIA is an active enterprise in the KBO register.
- What is the turnover of SHANIA?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is SHANIA profitable?
- In financial year 2025, SHANIA made a loss of €69,142.
- Where can I find the annual accounts of SHANIA?
- SHANIA filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHANIA due?
- SHANIA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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