SHARDANA
ActiveSummary
The computed 12-month bankruptcy probability of SHARDANA is 3.3% (moderate). The 2025 annual accounts show equity of €8k and a net result of €31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 1544 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency68▲+68
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.15 in 2024; short-term debt: 57.1% and cash: 29.2% of total assets), and 57.1% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
42.9%
Return on assets
155.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
31 d early
2023
20 d early
2022
6 d early
2021
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k
2024 · €-22k
2021: €11k
2022: €16k
2023: €3k
2024: €-22k
2021 → 2025
Total assets
€20k▼ 37.4%
2024 · €32k
2021: €62k
2022: €53k
2023: €48k
2024: €32k
2021 → 2025
Net result
€31k
2024 · €-25k
2021: €-4k
2022: €5k
2023: €-13k
2024: €-25k
2021 → 2025
Working capital
€-6k▲ 87.9%
2024 · €-46k
2021: €-2k
2022: €2k
2023: €-28k
2024: €-46k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€16k▲ 49.7%€3k▼ 81.7%€-22k€8k
Operating result€-3k-€8k€-11k€-24k▼ 114%€32k
Net result€-4k-€5k€-13k€-25k▼ 94.6%€31k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €32k after a loss of €24k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€14k ▼ 40.6%
Current assets
€6k ▼ 28.1%
Equity and liabilities €20k
Equity
€8k
Debt
€11k
Debt finances 57.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€41k▲
2024 · €-15k
Cash flow
€39k▲
2024 · €-16k
Current ratio
0.51▲
2024 · 0.15
Debt to equity
1.33▲
2024 · -2.42
ROE
362.5%
ROA
155.4%▲
2024 · -79.6%
Interest coverage
24.13▲
2024 · -7.61
Debt ≤ 1 year
€11k▼
2024 · €54k
Staff costs
€22k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32k€20k▼
Fixed assets21/28€24k€14k▼
Tangible fixed assets22/27€21k€14k▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€9k€7k▼
Financial fixed assets28€2k€349▼
Current assets29/58€8k€6k▼
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Cash at bank and in hand54/58€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€32k€20k▼
Equity10/15€-22k€8k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-37k€-7k▲
Amounts payable17/49€54k€11k▼
Amounts payable within one year42/48€54k€11k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€461€202▼
Taxes450/3€114€202▲
Remuneration and social security454/9€348-
Other amounts payable47/48€48k€9k▼
Income statement
Code20242025
Remuneration, social security and pensions62€27k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€387€400▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€16k€63k▲
Operating profit (loss)9901€-24k€32k▲
Financial income75/76B€305€271▼
Recurring financial income75€305€271▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-25k€31k▲
Profit (loss) for the period9904€-25k€31k▲
Profit (loss) for the period to be appropriated9905€-25k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-7k▲
Profit (loss) brought forward from the previous period14P€-12k€-37k▼
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oudergem · 1 establishment unit since 2021
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.
Invalidenlaan 2591160 OudergemGround area
595 m²
Building footprint
259 m²
Volume, LiDAR
2,818 m³
2 parcels, Brussels · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Gel'art
since 20212.311.603.733
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0051/00A006 | Brussels | 453 m² | 1 · 175 m² | 20.0 m · 6 fl. |
| 21002A0116/00D003 | Brussels | 143 m² | 1 · 84 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
LES BIG BROTHERS
BE 0828.405.536
Brussel · Eq €8,459
DOLCI
BE 0782.840.973
Mons · Eq €8,810
RG
BE 0877.565.235
Knokke-Heist · Eq €9,204
NANOUK-ICE
BE 0639.901.971
Sint-Gillis (bij-Brussel) · Eq €9,556
FLAVOURRS
BE 0690.810.838
Jabbeke · Eq €9,556
Of 611 companies in sector 10520 we hold annual accounts for 236. 118 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.