SHARPEN
ActiveSummary
SHARPEN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €723,015 and a net result of -€9,032. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 68% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-11
Solvency99▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 3.62 against 3.01 in 2023; short-term debt: 26.3% and cash: 33.3% of total assets), and 26.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
73.7%
Return on assets
-0.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
31 d late
2022
29 d early
2021
19 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€723,015▼ 1.2%
2023 · €732,047
Total assets
€981,100▼ 7.9%
2023 · €1.1m
Net result
-€9,032
2023 · €89,064
Working capital
€675,069▲ 0.7%
2023 · €670,141
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€53,570▼ 77.7%€113,826▲ 112%€107,047▼ 6.0%€126,862▲ 18.5%-€11,799
Net result€37,298within the sector's middle half▼ 76.4%€80,625above the sector's middle half▲ 116%€74,563above the sector's middle half▼ 7.5%€89,064above the sector's middle half▲ 19.4%-€9,032below the sector's middle half
Equity€1.2mabove the sector's middle half▲ 3.2%€1.3mabove the sector's middle half▲ 6.6%€1.4mabove the sector's middle half▲ 5.7%€732,047above the sector's middle half▼ 46.7%€723,015above the sector's middle half▼ 1.2%
Total assets€2.0mabove the sector's middle half▲ 10.7%€1.9mabove the sector's middle half▼ 1.9%€1.7mabove the sector's middle half▼ 13.8%€1.1mabove the sector's middle half▼ 36.2%€981,100above the sector's middle half▼ 7.9%
Debt€755,792▲ 25.5%€637,614▼ 15.6%€296,553▼ 53.5%€333,548▲ 12.5%€258,084▼ 22.6%
Working capital€1.1m▲ 4.3%€1.2m▲ 8.4%€1.2m▲ 6.7%€670,141▼ 45.8%€675,069▲ 0.7%
Solvency61.7%within the sector's middle half▼ 4.5pp67.1%within the sector's middle half▲ 5.4pp82.2%above the sector's middle half▲ 15.2pp68.7%within the sector's middle half▼ 13.5pp73.7%within the sector's middle half▲ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11,799 after €126,862 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €981,100
Fixed assets
€47,947 ▼ 22.5%
Current assets
€933,153 ▼ 7.0%
Equity and liabilities €981,100
Equity
€723,015 ▼ 1.2%
Debt
€258,084 ▼ 22.6%
Debt's share of the balance-sheet total falls from 31.3% to 26.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,125▼
2023 · €134,385
Cash flow
€5,893▼
2023 · €96,587
Current ratio
3.62▲
2023 · 3.01
Debt to equity
0.36▼
2023 · 0.46
ROE
-1.2%▼
2023 · 12.2%
ROA
-0.9%▼
2023 · 8.4%
Interest coverage
11.30▼
2023 · 621.12
Debt ≤ 1 year
€258,084▼
2023 · €333,548
Income taxes
€332▼
2023 · €39,009
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,869 | €11,677 | €7,970 | €7,523 | €14,925 | ▲ 98.4% |
| Other operating charges640/8 | - | €7,754 | €16,355 | €1,475 | €1,303 | ▼ 11.7% |
| Gross operating margin9900 | €88,591 | €133,257 | €131,372 | €135,860 | €4,428 | ▼ 96.7% |
| Operating profit (loss)9901 | €53,570 | €113,826 | €107,047 | €126,862 | -€11,799 | ▼ 109% |
| Financial income75/76B | - | €9 | €30 | €1,428 | €3,376 | ▲ 136% |
| Recurring financial income75 | €9 | €9 | €30 | €1,428 | €3,376 | ▲ 136% |
| Financial charges65/66B | - | €615 | €1,868 | €216 | €277 | ▲ 27.8% |
| Recurring financial charges65 | €439 | €615 | €1,868 | €216 | €277 | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €53,139 | €113,220 | €105,209 | €128,073 | -€8,700 | ▼ 107% |
| Income taxes67/77 | €15,841 | €32,595 | €30,646 | €39,009 | €332 | ▼ 99.1% |
| Profit (loss) for the period9904 | €37,298 | €80,625 | €74,563 | €89,064 | -€9,032 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €37,298 | €80,625 | €74,563 | €89,064 | -€9,032 | ▼ 110% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.9m | €1.7m | €1.1m | €981,100 | ▼ 7.9% |
| Fixed assets21/28 | €149,379 | €140,232 | €136,784 | €61,906 | €47,947 | ▼ 22.5% |
| Tangible fixed assets22/27 | €149,379 | €140,232 | €136,784 | €61,906 | €47,947 | ▼ 22.5% |
| Land and buildings22 | - | €132,220 | €126,785 | - | - | - |
| Plant, machinery and equipment23 | - | €2,098 | €1,853 | - | - | - |
| Furniture and vehicles24 | - | €3,341 | €5,959 | €61,906 | €47,947 | ▼ 22.5% |
| Other tangible fixed assets26 | - | €2,573 | €2,187 | - | - | - |
| Current assets29/58 | €1.8m | €1.8m | €1.5m | €1.0m | €933,153 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €1.4m | €631,411 | €796,601 | €259,787 | €193,092 | ▼ 25.7% |
| Trade receivables40 | - | €631,411 | €796,601 | €259,787 | €190,184 | ▼ 26.8% |
| Other amounts receivable41 | - | - | - | - | €2,908 | - |
| Current investments50/53 | - | - | - | - | €400,000 | - |
| Cash at bank and in hand54/58 | €456,278 | €1.2m | €736,340 | €740,477 | €326,338 | ▼ 55.9% |
| Deferred charges and accrued income490/1 | - | €901 | €203 | €3,425 | €13,723 | ▲ 301% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.9m | €1.7m | €1.1m | €981,100 | ▼ 7.9% |
| Equity10/15 | €1.2m | €1.3m | €1.4m | €732,047 | €723,015 | ▼ 1.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1.2m | €1.3m | €1.4m | €719,647 | €710,615 | ▼ 1.3% |
| Non-distributable reserves130/1 | - | €7,260 | €7,260 | - | - | - |
| Reserves not available under the articles1311 | - | €7,260 | €7,260 | - | - | - |
| Distributable reserves133 | - | €1.3m | €1.4m | €719,647 | €710,615 | ▼ 1.3% |
| Amounts payable17/49 | €755,792 | €637,614 | €296,553 | €333,548 | €258,084 | ▼ 22.6% |
| Amounts payable within one year42/48 | €755,548 | €637,614 | €296,553 | €333,548 | €258,084 | ▼ 22.6% |
| Financial debts43 | - | - | - | - | €568 | - |
| Credit institutions430/8 | - | - | - | - | €568 | - |
| Trade debts44 | €575,290 | €500,069 | €173,388 | €177,351 | €145,262 | ▼ 18.1% |
| Suppliers440/4 | - | €500,069 | €173,388 | €177,351 | €145,262 | ▼ 18.1% |
| Taxes, remuneration and social security45 | - | €89,583 | €65,173 | €71,607 | €42,241 | ▼ 41.0% |
| Taxes450/3 | - | €89,583 | €65,173 | €71,607 | €42,241 | ▼ 41.0% |
| Other amounts payable47/48 | - | €47,962 | €57,991 | €84,591 | €70,013 | ▼ 17.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,298 | €80,625 | €74,563 | €89,064 | -€9,032 | ▼ 110% |
| + Depreciation and write-downs630 | €12,869 | €11,677 | €7,970 | €7,523 | €14,925 | ▲ 98.4% |
| Operating cash flow (approximation) | €50,168 | €92,302 | €82,533 | €96,587 | €5,893 | ▼ 93.9% |
| Investment in fixed assets (approximation) | - | -€2,530 | -€4,523 | €67,355 | -€965 | ▼ 101% |
| Change in cash | - | €707,605 | -€427,544 | €4,137 | -€414,138 | ▼ 10,110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet -€9,032
Net result drops to -€9,032, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brussel · 1 establishment unit since 2004
Ground area
377 m²
Building footprint
121 m²
Volume, LiDAR
1,444 m³
Parcel 21812N0271/00D000, Brussels · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
sharpen bvba
since 20042.137.198.426
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0271/00D000 | Brussels | 377 m² | 1 · 121 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 31,276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864968596
Also
9925:BE0864968596
Registered
18-04-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.