SHANTIJN
ActiveSummary
The computed 12-month bankruptcy probability of SHANTIJN is 1.9% (moderate). The 2024 annual accounts show equity of €17k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 18941 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-9
Solvency44▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.42 in 2023; short-term debt: 47.5% and cash: 17.5% of total assets), and 80.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
19.4%
Return on assets
10.1%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
on the day
2022
11 d early
2021
31 d late
2020
11 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 108%
2023 · €8k
2018: €-10k
2019: €-16k
2020: €2k
2021: €101
2022: €-9k
2023: €8k
2018 → 2024
Total assets
€89k▼ 26.6%
2023 · €121k
2018: €200k
2019: €252k
2020: €209k
2021: €188k
2022: €137k
2023: €121k
2018 → 2024
Net result
€9k▼ 57.1%
2023 · €21k
2018: €-6k
2019: €-6k
2020: €18k
2021: €-2k
2022: €-9k
2023: €21k
2018 → 2024
Working capital
€-13k▲ 68.6%
2023 · €-40k
2018: €-114k
2019: €-94k
2020: €-95k
2021: €-80k
2022: €-72k
2023: €-40k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€101▼ 95.6%€-9k€8k€17k▲ 108%
Operating result€22k-€2k▼ 92.5%€-5k€26k€12k▼ 55.2%
Net result€18k-€-2k€-9k▼ 317%€21k€9k▼ 57.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 55% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€59k ▼ 35.9%
Current assets
€30k ▲ 3.3%
Equity and liabilities €89k
Equity
€17k ▲ 108%
Debt
€72k ▼ 36.5%
The debt ratio falls from 93.2% to 80.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45k▼
2023 · €59k
Cash flow
€42k▼
2023 · €54k
Current ratio
0.70▲
2023 · 0.42
Quick ratio
0.64▲
2023 · 0.38
Debt / equity
4.15▼
2023 · 13.61
ROE
51.9%▼
2023 · 251.9%
ROA
10.1%▼
2023 · 17.2%
Interest coverage
16.56▲
2023 · 16.06
Debt ≤ 1 year
€42k▼
2023 · €69k
Debt > 1 year
€29k▼
2023 · €44k
Income taxes
€1k▼
2023 · €2k
Staff costs
€25k▼
2023 · €27k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€121k€89k▼
Fixed assets21/28€93k€59k▼
Tangible fixed assets22/27€93k€59k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€88k€57k▼
Current assets29/58€29k€30k▲
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€6k€9k▲
Trade receivables40€712€1k▲
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€20k€16k▼
Deferred charges and accrued income490/1€217€3k▲
Equity and liabilities
Total equity and liabilities10/49€121k€89k▼
Equity10/15€8k€17k▲
Contributions10/11€19k€19k=
Reserves13€17k€26k▲
Distributable reserves133€17k€26k▲
Profit (loss) carried forward14€-28k€-28k=
Amounts payable17/49€113k€72k▼
Amounts payable after more than one year17€44k€29k▼
Financial debts170/4€44k€29k▼
Amounts payable within one year42/48€69k€42k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€10k€12k▲
Suppliers440/4€10k€12k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€39k€11k▼
Income statement
Code20232024
Remuneration, social security and pensions62€27k€25k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€89k€73k▼
Operating profit (loss)9901€26k€12k▼
Financial income75/76B€114€1k▲
Recurring financial income75€114€1k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€23k€10k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€21k€9k▼
Profit (loss) for the period to be appropriated9905€21k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-19k▼
Profit (loss) brought forward from the previous period14P€-28k€-28k=
Transfer to equity691/2€17k€9k▼
To other reserves6921€17k€9k▼
Profit to be distributed694/7€4k€0▼
Return on contributions (dividend)694€4k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ichtegem · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Aartrijkestraat(EER) 38480 IchtegemGround area
280 m²
Building footprint
166 m²
Volume, LiDAR
870 m³
Parcel 35003D0019/00T002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Shantijn
since 20162.237.933.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003D0019/00T002 | Flanders | 280 m² | 1 · 166 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteIchtegem2.237.933.025
Similar companies · same sector, comparable size
Friterie de la Frontière
BE 1006.430.824
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GOALS
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XING LONG
BE 0604.994.839
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82 CONCEPT BAR
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Waremme · Eq €17k
VANHENECO
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 7,893 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2014
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.