Equity
€251,164 ▲ 14.5%
SHARPENSET ENGINEERING has made a profit without a break since 2015.
SHARPENSET ENGINEERING
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €125,285 (2023)
€107,630▲ 0.5%
lowest -€9,295 (2014)
€34,823▼ 6.4%
peak €251,164 (2025)
€251,164▲ 14.5%
€544,824▼ 9.4%
Board1 name since 2011
1 directorHarold Demoen
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Equity from €219,341 to €251,164Cash from €3,863 to €1,603
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 48% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.3%▼ -0.3 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.17, cash €1,603, halved
lowers risk
Founded in 2002
Size: total assets €795,988
Figures for financial year 2025 (filed on 18-06-2026)
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 41% of them on solvency, 38% on liquidity, 42% on profitability and 70% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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, 14,766 companies had the same profile as SHARPENSET ENGINEERING has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHARPENSET ENGINEERING itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 14,766 companies, not a prediction for SHARPENSET ENGINEERING. 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
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.17 (1.0 in 2024), below the usual 1.5. Short-term debt is 25.9% and cash 0.2% of total assets. 68.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
3 days early
2023
1 day early
2022
28 days late
2021
30 days late
2020
31 days late
2019
95 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 20 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 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477869708
Company renamed from WORLD EXPLORER to SHARPENSET ENGINEERING
Change of role: Harold Demoen, from manager to director · “Advies verlenen betreffende het organiseren van avontuurlijke fietsreizen in binnen- en buitenland, met…” (deed in Dutch) · Director discharge: Harold Demoen · General meeting of 18-08-2021 · Gazette deed
First establishment
Koolskampstraat 34, Torhout
Incorporation
published on 12-07-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHARPENSET ENGINEERING Torhout | €0.8m | €107,630 | 31.6% | - |
| ARCADE CENTER Balen | €0.9m | €75,692 | -48.7% | - |
| ANIVAN Bruges | €1.2m | €180,493 | 58.2% | 0.8 |
| EGGERMONT G. Ypres | €0.5m | €136,535 | 71.1% | 2.2 |
| DUCO HOUSING Brecht | €0.6m | €106,801 | 38.9% | - |
| ERKA HORECA Brussels | €1.1m | €217,666 | 27.3% | 5 |
| CRISTO Kontich | €0.5m | €59,096 | 68.9% | - |
These companies have the same main activity as SHARPENSET ENGINEERING: wholesale trade (NACE 46641). They are comparable in size and age: total assets between €472,000 and €1.2m, founded between 1993 and 2006.
Official details
Source: KBO- Status
- Active since 01-07-2002Normal situation
- Activity
- Wholesale tradeNACE 46641and 7 others
- Establishment unit
- 2.114.787.9618820 Torhout, since 16-01-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €795,988▼ 3.0%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on SHARPENSET ENGINEERING
SHARPENSET ENGINEERING files the micro format. That format states no turnover. The gross margin rose from €4,198 in 2006 to €107,630 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
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 SHARPENSET ENGINEERING
- What is the company number of SHARPENSET ENGINEERING?
- The company number of SHARPENSET ENGINEERING is 0477.869.708. The VAT number is the same number with BE in front: BE 0477.869.708.
- Where is SHARPENSET ENGINEERING based?
- The registered office is at Koolskampstraat 34, 8820 Torhout.Company details
- What does SHARPENSET ENGINEERING do?
- According to the KBO register, the main activity is wholesale trade (NACE 46641).
- What is the legal form of SHARPENSET ENGINEERING?
- SHARPENSET ENGINEERING is a private limited company (BV).
- When was SHARPENSET ENGINEERING founded?
- SHARPENSET ENGINEERING was founded on 01-07-2002.
- Is SHARPENSET ENGINEERING still active?
- Yes, SHARPENSET ENGINEERING is an active enterprise in the KBO register.
- What is the turnover of SHARPENSET ENGINEERING?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €107,630 and 59 comparable companies (NACE 46). It probably lies between €260,000 and €990,000.Financials
- Is SHARPENSET ENGINEERING profitable?
- In financial year 2025, SHARPENSET ENGINEERING made a profit of €34,823.
- Where can I find the annual accounts of SHARPENSET ENGINEERING?
- SHARPENSET ENGINEERING filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHARPENSET ENGINEERING due?
- SHARPENSET ENGINEERING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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