SHANTAN

Active

Private limited companyfounded 201511 yrs activeIeperlaan 6-8, 1000 Brussel, BelgiumKBO/BCE: BE 0628.957.403

The computed 12-month bankruptcy probability of SHANTAN is 3.6% (moderate). The 2024 annual accounts show negative equity (€-496) and a net result of €-6k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 23% of 26043 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

27 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability2

Solvency24▼-76

Growth35▼-20

Track record100

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.59; short-term debt: 101.1% and cash: 22.5% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-1.1%

Return on assets

-13.2%

Age of the figures

21 mo

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

182021222324

2018 to 2024 · latest year €-496

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-01-2026, 179 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

179 d late

2023

61 d late

2022

30 d late

2021

109 d late

2020

459 d late

2018

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-496

2023 · €5k

2018: €5k 2020: €5k 2021: €5k 2022: €5k 2023: €5k

2018 → 2024

Total assets

€44k▲ 729%

2023 · €5k

2018: €5k 2020: €5k 2021: €5k 2022: €5k 2023: €5k

2018 → 2024

Net result

€-6k

Working capital

€-18k

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€5k-€5k=€5k=€5k=€-496

Operating result€-6k

Net result€-6k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

2024 is the only fiscal year with figures: the operating result is a loss of €6k.

Balance-sheet composition

Assets €44k

40.6%

59.4%

Fixed assets €18k

Current assets €26k

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k

Cash flow

€-3k

Solvency

-1.1%▼

2023 · 100.0%

Current ratio

0.59

Quick ratio

0.41

ROA

-13.2%

Interest coverage

-50.00

Debt

€44k

Debt ≤ 1 year

€44k

Equity ratios withheld: equity of €-496 is too small for a meaningful ratio.

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€5k€44k▲

Fixed assets21/28-€18k

Intangible fixed assets21-€16k

Financial fixed assets28-€2k

Current assets29/58€5k€26k▲

Stocks and contracts in progress3-€8k

Stocks30/36-€8k

Amounts receivable within one year40/41€5k€8k▲

Other amounts receivable41€5k€8k▲

Cash at bank and in hand54/58-€10k

Equity and liabilities

Total equity and liabilities10/49€5k€44k▲

Equity10/15€5k€-496▼

Contributions10/11€6k€6k=

Profit (loss) carried forward14€-919€-7k▼

Amounts payable17/49-€44k

Amounts payable within one year42/48-€44k

Trade debts44-€2k

Suppliers440/4-€2k

Taxes, remuneration and social security45-€7k

Taxes450/3-€7k

Other amounts payable47/48-€35k

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k

Other operating charges640/8-€399

Gross operating margin9900-€-3k

Operating profit (loss)9901-€-6k

Financial charges65/66B-€62

Recurring financial charges65-€62

Profit (loss) for the period before taxes9903-€-6k

Profit (loss) for the period9904-€-6k

Profit (loss) for the period to be appropriated9905-€-6k

Appropriation of the result

Profit (loss) to be appropriated9906€-919€-7k▼

Profit (loss) brought forward from the previous period14P€-919€-919=

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV