Losses
-€15,994 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
SHAON
Lifetime
19 annual accounts with figures on one time axispeak €94,718 (2011)
-€9,842▼ €8,359
lowest -€53,589 (2015)
-€11,817▼ €7,641
peak €37,417 (2014)
€9,200▼ 56.2%
€31,161▲ 26.0%
peak 1 FTE (2009)
-not published
Board1 name since 2022
1 directorHUBELA Itzik
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Gross margin from -€1,483 to -€9,842Loss of €11,817Equity from €21,018 to €9,200Debts from €24,738 to €31,161Cash from €1,973 to €8,102
Key points
from the 2025 annual accountsDebts
€31,161 77% of the balance sheet
Suppliers 8%Taxes and wages 15%Other 78%
Filings
19 annual accounts since 2007
Six of the last ten came late. The 2018 accounts came latest: 125 days after the end of the period.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 20% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025lowest value
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.3 percentage points vs 09-2025
11-2025: 1.3%▲ +0.4 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026highest value
08-2026: 0.6%▼ -0.7 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €11,817, the second in a row (financial year 2025)
1 of the last 3 accounts late
lowers risk
Size: total assets €40,362
Founded in 2007
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 46, micro). It does better than 34% of them on solvency, 30% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 1,294 companies had the same profile as SHAON has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SHAON itself is lower: 0.6% within 12 months. It rests on far more data about SHAON than the profile alone.
Test of the method
The method was tested on the 497,448 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 1,294 companies, not a prediction for SHAON. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.3 (1.85 in 2024), below the usual 1.5. Short-term debt is 77.2% and cash 20.1% of total assets. 77.2% 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
1819202122232425
2018 to 2025 · latest year -€11,817
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
61 days late
2023
26 days early
2022
60 days late
2021
9 days early
2020
29 days early
2019
87 days late
← 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 19 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 69 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0886243270
Reappointment: HUBELA Itzik (director)
Gazette deed
Registered office moved within Antwerp
New registered office: Hoveniersstraat 50/52 bus 27 te 2018 Antwerpen · Previous registered office: Appelmansstraat 23 bus 9 te 2018 Antwerpen · Board meeting of 08-01-2019 · Gazette deed
Incorporation
published on 17-01-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHAON Antwerp | €40,362 | -€9,842 | 22.8% | - |
| Alex-F Jewelry Antwerp | €51,176 | -€1,165 | -9.2% | - |
| L'OR DANAE Oupeye | €32,039 | €1,362 | 96.6% | - |
| CHOKKA Assenede | €30,909 | €2,158 | 22.7% | - |
| JEAN MARS Etterbeek | €61,621 | -€4,312 | 54.5% | - |
| CONCEPT 4 Liège | €53,470 | €4,774 | 91.4% | - |
| SAURAJ JEWELS Antwerp | €111,872 | -€2,567 | -25.6% | - |
These companies have the same main activity as SHAON: wholesale trade (NACE 46480). They are comparable in size and age: total assets between €30,900 and €112,000, founded between 1998 and 2011.
Official details
Source: KBO- Status
- Active since 09-01-2007Normal situation
- Registered office
- 33 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Wholesale tradeNACE 46480
- Establishment unit
- 2.159.413.8022018 Antwerp, since 09-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- €40,362▼ 11.8%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on SHAON
SHAON files the micro format. That format states no turnover. The gross margin fell from -€590 in 2007 to -€9,842 in 2025.
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 SHAON
- What is the company number of SHAON?
- The company number of SHAON is 0886.243.270. The VAT number is the same number with BE in front: BE 0886.243.270.
- Where is SHAON based?
- The registered office is at Hoveniersstraat 50/52, 2018 Antwerp.Company details
- What does SHAON do?
- According to the KBO register, the main activity is wholesale trade (NACE 46480).
- What is the legal form of SHAON?
- SHAON is a private limited company (BV).
- When was SHAON founded?
- SHAON was founded on 09-01-2007.
- Is SHAON still active?
- Yes, SHAON is an active enterprise in the KBO register.
- What is the turnover of SHAON?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SHAON profitable?
- In financial year 2025, SHAON made a loss of €11,817.
- Where can I find the annual accounts of SHAON?
- SHAON filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHAON due?
- SHAON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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