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SHAPE Development

Active
Public limited companyfounded 200521 yrs activeKortrijksesteenweg 1045A, 9051 Gent, BelgiumKBO/BCE: BE 0871.665.655
Summary

The computed 12-month bankruptcy probability of SHAPE Development is 1.8% (moderate). The 2025 annual accounts show equity of €300,163 and a net result of €717. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 19% of 2731 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
SHAPE DevelopmentActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Other business support services
NACE 82990Real estate development NACE 41101Development of residential building projects NACE 68121
1 site
Size
€3.7mtotal assets 2025
Staff
0.2 FTE
Equity
€300,163
Profit
€717
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.8%
Structure
Parent
SHAPE Group · 100%
Holdings
1
Accounts 51 d early0 of 13 deeds read
Why 53- 2 changes of registered office in 24 months- Equity €300,163 (8.1% of total assets)+ Size: 0.2 FTE, total assets €3.7m+ Figures for FY 2025 (filed 12-06-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 23% of its sector peers (NACE 82, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 33-11
equity 8.1% of total assets
Liquidity 25-74
short-term debt 57.9% · cash 3.8%
Profitability 27-73
return on assets 0.0%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,603 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%▲ +4.2% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.2%▲ +231% vs 03-2025 05-2025: 0.3%▲ +21.0% vs 04-2025 06-2025: 0.1%▼ -69.0% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.8%▲ +785% vs 12-2025 02-2026: 0.8%● 0.0% vs 01-2026 03-2026: 0.8%● 0.0% vs 02-2026 04-2026: 0.9%▲ +5.5% vs 03-2026 05-2026: 0.9%▲ +2.8% vs 04-2026 06-2026: 0.9%▼ -3.0% vs 05-2026 07-2026: 1.8%▲ +108% vs 06-2026highest value 08-2026: 1.8%● 0.0% vs 07-2026highest value 09-2026: 1.8%● 0.0% vs 08-2026highest value 10-2026: 1.8%● 0.0% vs 09-2026highest value
  • 2 changes of registered office in 24 months raises the probability
  • Size: 0.2 FTE, total assets €3.7m lowers the probability for this profile
  • Equity €300,163 (8.1% of total assets) raises the probability
  • Figures for FY 2025 (filed 12-06-2026) lowers the probability
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 46.15 in 2024; short-term debt: 57.9% and cash: 3.8% of total assets), but 91.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 82, micro). Better than this share of them on solvency 19%, liquidity 13%, profitability 18%, growth against the median 41%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Size: 0.2 FTE, total assets €3.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €300,163 (8.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 12-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2731 sector peers (2025).
NBB · sector comparison
Position among 2731 sector peers
Solvency
better than 19%
← weakest strongest →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 d early
2024
65 d early
2023
49 d early
2022
69 d early
2021
59 d early
2020
101 d early
2019
102 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 71 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Back to profitnet €566,330

Key points

  • Caution: Result fell in 2025from €566,330 to €717 ▼ 99.9% View
  • Caution: Among the weakest 20% on solvencysector median 41.6% · 2,731 companies 8.1% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by SHAPE Groupultimately: FIGI Holding 100% View

By topic

Financials

Fiscal year
2025
Total assets
€3.7m
Profit
€717
Solvency
8.1%
Total assets▲ 137%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 10-06-2026Annual accounts filed
  2. 27-05-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other business support servicesNACE 82990
Founded
01-02-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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