SHAPERS
ActiveSHAPERS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150k and a net result of €34k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 3110 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-6
Solvency81▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 8.64 in 2024; short-term debt: 44.3% and cash: 37.7% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
12.6%
Age of the figures
9 mo
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 10-03-2026, 143 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
143 d early
2024
37 d early
2023
36 d early
2022
7 d early
2021
37 d early
2020
38 d early
2019
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€150k▼ 31.2%
2024 · €218k
2018: €50k
2019: €51k
2020: €84k
2021: €153k
2022: €163k
2023: €177k
2024: €218k
2018 → 2025
Total assets
€269k▲ 10.2%
2024 · €244k
2018: €76k
2019: €69k
2020: €119k
2021: €205k
2022: €223k
2023: €213k
2024: €244k
2018 → 2025
Net result
€34k▼ 21.4%
2024 · €43k
2018: €13k
2019: €2k
2020: €33k
2021: €69k
2022: €38k
2023: €28k
2024: €43k
2018 → 2025
Working capital
€136k▼ 32.1%
2024 · €200k
2018: €36k
2019: €45k
2020: €72k
2021: €141k
2022: €139k
2023: €156k
2024: €200k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€163k▲ 6.2%€177k▲ 8.5%€218k▲ 23.3%€150k▼ 31.2%
Operating result€97k-€54k▼ 43.8%€40k▼ 26.0%€59k▲ 46.8%€42k▼ 29.3%
Net result€69k-€38k▼ 44.6%€28k▼ 25.9%€43k▲ 52.0%€34k▼ 21.4%
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 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€14k▼ 22.3%
Current assets
€255k▲ 12.8%
Equity and liabilities €269k
Equity
€150k▼ 31.2%
Debt
€119k▲ 356%
The debt ratio rises from 10.7% to 44.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50k▼
2024 · €66k
Cash flow
€43k▼
2024 · €51k
Solvency
55.7%▼
2024 · 89.3%
Current ratio
2.14▼
2024 · 8.64
Quick ratio
2.14▼
2024 · 8.64
Debt / equity
0.79▲
2024 · 0.12
ROE
22.6%▲
2024 · 19.8%
ROA
12.6%▼
2024 · 17.7%
Interest coverage
110.34▲
2024 · 81.41
Debt
€119k▲
2024 · €26k
Debt ≤ 1 year
€119k▲
2024 · €26k
Income taxes
€12k▼
2024 · €16k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€244k€269k▲
Fixed assets21/28€18k€14k▼
Tangible fixed assets22/27€18k€14k▼
Plant, machinery and equipment23€15k€12k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€226k€255k▲
Amounts receivable within one year40/41€103k€85k▼
Trade receivables40€103k€68k▼
Other amounts receivable41€503€16k▲
Current investments50/53€117k€69k▼
Cash at bank and in hand54/58€5k€101k▲
Deferred charges and accrued income490/1€561-
Equity and liabilities
Total equity and liabilities10/49€244k€269k▲
Equity10/15€218k€150k▼
Contributions10/11€6k€6k=
Reserves13€212k€144k▼
Distributable reserves133€212k€144k▼
Amounts payable17/49€26k€119k▲
Amounts payable within one year42/48€26k€119k▲
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€17k€21k▲
Taxes450/3€17k€21k▲
Other amounts payable47/48€2k€96k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€485€833▲
Gross operating margin9900€67k€51k▼
Operating profit (loss)9901€59k€42k▼
Financial income75/76B€653€5k▲
Recurring financial income75€653€5k▲
Financial charges65/66B€817€458▼
Recurring financial charges65€817€458▼
Profit (loss) for the period before taxes9903€59k€46k▼
Income taxes67/77€16k€12k▼
Profit (loss) for the period9904€43k€34k▼
Profit (loss) for the period to be appropriated9905€43k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€34k▼
Transfer from equity791/2€2k€102k▲
Transfer to equity691/2€43k€34k▼
To other reserves6921€43k€34k▼
Profit to be distributed694/7€2k€102k▲
Return on contributions (dividend)694€2k€102k▲
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
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €218k ▲23.3%
7 profitable years in a row build equity to €218k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €69k ▲110%
Operating result €97k, net result €69k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲82.1%
4 profitable years in a row build equity to €153k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €2k ▼85.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Holsbeek · 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.
Zandweg 33221 HolsbeekGround area
6,137 m²
Building footprint
251 m²
Volume, LiDAR
1,563 m³
Parcel 24080C0127/00K000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SHAPERS
since 20162.257.108.638
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24080C0127/00K000 | Flanders | 6,137 m² | 1 · 251 m² | 8.7 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.
Similar companies · same sector, comparable size
Hupko Agri
BE 0659.954.643
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JADOUL C. L. O.
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FERME DEPUYDT
BE 1009.106.638
Estinnes · Eq €149k
ISAPLY AGRO
BE 0797.123.333
Juprelle · Eq €149k
BRANSWIJK
BE 0859.821.856
Gavere · Eq €151k
Of 5,167 companies in sector 01110 we hold annual accounts for 612. 483 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2016
Fiscal year end31-12
Activities, NACEBEL
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
10890Manufacture of food products
25120Manufacture of fabricated metal products, except machinery and equipment
28930Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.