SHANKE
ActiveSummary
SHANKE has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,092 and a net result of -€21,338. Equity has been growing by about 19% per year since 2018. Its solvency ranks better than 89% of 22,793 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-07-2001 Normal situation
- Activity
- Other non-specialised retail sale NACE 47120and 3 others
- Establishment unit
- 2.101.393.845 8300 Knokke-Heist, since 14-08-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 03-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- -€21,438
- Loss
- €21,338
- Equity
- €49,092
- ▼ 30.3%
- Total assets
- €59,775
- ▼ 22.0%
- 2025 accounts filed 18 days after the deadline
Score breakdownraises riskLoss of €21,338 (financial year 2025)Sector: Retail trade (NACE 47)lowers riskFounded in 2001Equity €49,092 (82.1% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 92% of them on solvency, 48% on liquidity, 6% on profitability and 16% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
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).
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
The company filed its last 7 accounts on average 3 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)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408724.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 21 filings
Every figure per financial year
The operating result for 2025 is a loss of €24,425, after a profit of €8,090 in 2024. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,201 | - | €5,210 | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €1,135 | €1,515 | €2,478 | €2,983 | €2,676 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €533 | €368 | €576 | €1,135 | €1,515 | €2,478 | €2,983 | €2,676 | ▼ 10.3% |
| Other operating charges640/8 | - | - | - | €613 | €795 | €782 | €568 | €312 | ▼ 45.1% |
| Gross operating margin9900 | €21,257 | €22,989 | €10,206 | €53,193 | €17,286 | €1,846 | €11,641 | -€21,438 | - |
| Operating profit (loss)9901 | €19,877 | €21,942 | €8,961 | €51,446 | €14,976 | -€1,415 | €8,090 | -€24,425 | - |
| Financial income75/76B | - | - | - | €895 | €2,163 | €2,385 | €3,321 | €3,173 | ▼ 4.5% |
| Recurring financial income75 | €0 | €0 | €0 | €895 | €2,163 | €2,385 | €3,321 | €3,173 | ▼ 4.5% |
| Financial charges65/66B | - | - | - | €102 | €128 | €66 | €67 | €86 | ▲ 27.1% |
| Recurring financial charges65 | €137 | €162 | €177 | €102 | €128 | €66 | €67 | €86 | ▲ 27.1% |
| Profit (loss) for the period before taxes9903 | €22,340 | €21,781 | €8,784 | €52,239 | €17,012 | €904 | €11,344 | -€21,338 | - |
| Income taxes67/77 | €4,088 | €3,672 | €2,607 | €17,662 | €5,835 | €260 | €3,768 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €18,253 | €18,108 | €6,177 | €34,577 | €11,177 | €644 | €7,576 | -€21,338 | - |
| Profit (loss) for the period to be appropriated9905 | €18,253 | €18,108 | €6,177 | €34,577 | €11,177 | €644 | €7,576 | -€21,338 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €33,168 | €33,341 | €24,037 | €83,394 | €91,325 | €64,551 | €76,601 | €59,775 | ▼ 22.0% |
| Fixed assets21/28 | €3,952 | €3,584 | €5,037 | €8,103 | €6,588 | €9,320 | €6,337 | €3,661 | ▼ 42.2% |
| Tangible fixed assets22/27 | €1,177 | €808 | €2,261 | €5,327 | €3,812 | €6,544 | €3,561 | €885 | ▼ 75.1% |
| Plant, machinery and equipment23 | - | - | - | €812 | €644 | €475 | €306 | €138 | ▼ 55.1% |
| Furniture and vehicles24 | - | - | - | €4,515 | €3,168 | €6,069 | €3,255 | €748 | ▼ 77.0% |
| Financial fixed assets28 | €2,776 | €2,776 | €2,776 | €2,776 | €2,776 | €2,776 | €2,776 | €2,776 | = |
| Current assets29/58 | €29,216 | €29,757 | €19,000 | €75,291 | €84,738 | €55,232 | €70,264 | €56,114 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €4,250 | €3,210 | €6,027 | €63,912 | €38,868 | €48,048 | €59,400 | €47,700 | ▼ 19.7% |
| Trade receivables40 | - | - | - | €42,314 | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €21,598 | €38,868 | €48,048 | €59,400 | €47,700 | ▼ 19.7% |
| Cash at bank and in hand54/58 | €24,492 | €25,577 | €12,343 | €10,484 | €43,711 | €2,928 | €10,865 | €766 | ▼ 93.0% |
| Deferred charges and accrued income490/1 | - | - | - | €895 | €2,159 | €4,255 | €0 | €7,649 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €33,168 | €33,341 | €24,037 | €83,394 | €91,325 | €64,551 | €76,601 | €59,775 | ▼ 22.0% |
| Equity10/15 | -€331 | €10,277 | €16,454 | €51,032 | €62,209 | €62,853 | €70,429 | €49,092 | ▼ 30.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,419 | €1,419 | €1,419 | €35,996 | €47,173 | €47,173 | €51,829 | €51,829 | = |
| Non-distributable reserves130/1 | - | - | - | €1,419 | €1,419 | €1,419 | €1,419 | €1,419 | = |
| Reserves not available under the articles1311 | - | - | - | €1,419 | €1,419 | €1,419 | €1,419 | €1,419 | = |
| Distributable reserves133 | - | - | - | €34,577 | €45,754 | €45,754 | €50,411 | €50,411 | = |
| Profit (loss) carried forward14 | -€20,350 | -€9,741 | -€3,564 | -€3,564 | -€3,564 | -€2,920 | €0 | -€21,338 | - |
| Amounts payable17/49 | €33,500 | €23,064 | €7,582 | €32,362 | €29,117 | €1,699 | €6,172 | €10,683 | ▲ 73.1% |
| Amounts payable within one year42/48 | €33,500 | €23,064 | €7,582 | €32,362 | €29,117 | €1,699 | €4,672 | €9,183 | ▲ 96.6% |
| Trade debts44 | €6,329 | €2,006 | €382 | €3,367 | €532 | €1,439 | €281 | €5,415 | ▲ 19× |
| Suppliers440/4 | - | - | - | €3,367 | €532 | €1,439 | €281 | €5,415 | ▲ 19× |
| Taxes, remuneration and social security45 | - | - | - | €28,995 | €28,585 | €260 | €4,391 | €3,768 | ▼ 14.2% |
| Taxes450/3 | - | - | - | €28,995 | €28,585 | €260 | €4,391 | €3,768 | ▼ 14.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1,500 | €1,500 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,253 | €18,108 | €6,177 | €34,577 | €11,177 | €644 | €7,576 | -€21,338 | - |
| + Depreciation and write-downs630 | €533 | €368 | €576 | €1,135 | €1,515 | €2,478 | €2,983 | €2,676 | ▼ 10.3% |
| Operating cash flow (approximation) | €18,786 | €18,477 | €6,753 | €35,712 | €12,692 | €3,123 | €10,559 | -€18,662 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,029 | -€4,201 | €0 | -€5,210 | €0 | €0 | - |
| Change in cash | - | €1,085 | -€13,234 | -€1,858 | €33,226 | -€40,782 | €7,937 | -€10,099 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as SHANKE has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHANKE itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 5,831 companies, not a prediction for SHANKE. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00408724 | |
| 31-12-2024 | micro format | 16-06-2025 | 2025-00143380 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00183750 | |
| 31-12-2022 | micro format | 12-06-2023 | 2023-00121244 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20329344 | |
| 31-12-2020 | micro format | 21-08-2021 | 2021-54600122 | |
| 31-12-2019 | micro format | 22-10-2020 | 2020-62500163 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-23300251 | |
| 31-12-2017 | micro format | 19-06-2018 | 2018-22300163 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-36000040 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
SHANKE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SHANKE. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
02-09
Gazette deed
Registered office moved from Knokke-Heist to Knokke-HelstNew registered office: Kragenhoek 48, 8300 Knokke-Helst · Previous registered office: Meerminlaan 28 bus 4.1, 8300 Knokke-Heist3 points ▸
- Board meeting, 30-06-2021
- Registered-office move, Kragenhoek 48, 8300 Knokke-Helst
- Director in office, Xavier Ots
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Meerminlaan 28 bus 4.1, 8300 Knokke-Heist until 30-06-2021 · deed of 02-09-2021
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31039A0139/00P000 | Flanders | 779 m² | 1 · 128 m² | 7.8 m · 2 |