SHARPENSET ENGINEERING
ActiveSummary
SHARPENSET ENGINEERING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €219,341 and a net result of €37,221. Equity is growing by ~18.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€219,341▲ 11.3%
2023 · €197,120
Total assets
€820,449▼ 4.7%
2023 · €861,280
Net result
€37,221▼ 34.9%
2023 · €57,212
Working capital
-€435▲ 97.8%
2023 · -€19,834
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,158▼ 77.6%€20,044▲ 52.3%€94,864▲ 373%€105,559▲ 11.3%€77,047▼ 27.0%
Net result€14,397within the sector's middle half▼ 68.6%€3,632within the sector's middle half▼ 74.8%€50,530above the sector's middle half▲ 1,291%€57,212above the sector's middle half▲ 13.2%€37,221above the sector's middle half▼ 34.9%
Equity€118,746within the sector's middle half▲ 13.8%€122,377within the sector's middle half▲ 3.1%€154,908within the sector's middle half▲ 26.6%€197,120above the sector's middle half▲ 27.2%€219,341above the sector's middle half▲ 11.3%
Total assets€350,785within the sector's middle half▲ 21.8%€731,178above the sector's middle half▲ 108%€698,004above the sector's middle half▼ 4.5%€861,280above the sector's middle half▲ 23.4%€820,449above the sector's middle half▼ 4.7%
Debt€232,039▲ 26.3%€608,801▲ 162%€543,096▼ 10.8%€664,160▲ 22.3%€601,108▼ 9.5%
Working capital€104,267above the sector's middle half▲ 3.7%-€39,701below the sector's middle half-€27,184below the sector's middle half▲ 31.5%-€19,834below the sector's middle half▲ 27.0%-€435within the sector's middle half▲ 97.8%
Solvency33.9%within the sector's middle half▼ 2.4pp16.7%within the sector's middle half▼ 17.1pp22.2%within the sector's middle half▲ 5.5pp22.9%within the sector's middle half▲ 0.7pp26.7%within the sector's middle half▲ 3.8pp
Current ratio1.48within the sector's middle half▼ 0.070.83below the sector's middle half▼ 0.650.86below the sector's middle half▲ 0.020.93within the sector's middle half▲ 0.071.00within the sector's middle half▲ 0.07
Return on assets (ROA)4.1%within the sector's middle half▼ 11.8pp0.5%within the sector's middle half▼ 3.6pp7.2%within the sector's middle half▲ 6.7pp6.6%within the sector's middle half▼ 0.6pp4.5%within the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €820,449
Fixed assets
€577,983 ▼ 3.8%
Current assets
€242,466 ▼ 7.0%
Equity and liabilities €820,449
Equity
€219,341 ▲ 11.3%
Debt
€601,108 ▼ 9.5%
Debt's share of the balance-sheet total falls from 77.1% to 73.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,969▼
2023 · €123,633
Cash flow
€65,143▼
2023 · €75,286
Debt to equity
2.74▼
2023 · 3.37
ROE
17.0%▼
2023 · 29.0%
Interest coverage
3.69▼
2023 · 4.56
Debt ≤ 1 year
€242,901▼
2023 · €280,591
Debt > 1 year
€357,811▼
2023 · €383,569
Income taxes
€12,479▼
2023 · €22,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 4,681 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 | €3,493 | €9,505 | €16,174 | €18,074 | €27,921 | ▲ 54.5% |
| Other operating charges640/8 | - | €5,373 | €4,023 | €1,651 | €2,119 | ▲ 28.3% |
| Gross operating margin9900 | €19,535 | €34,922 | €115,061 | €125,285 | €107,088 | ▼ 14.5% |
| Operating profit (loss)9901 | €13,158 | €20,044 | €94,864 | €105,559 | €77,047 | ▼ 27.0% |
| Financial income75/76B | - | €0 | €9 | €879 | €1,137 | ▲ 29.3% |
| Recurring financial income75 | €11,666 | €0 | €9 | €879 | €1,137 | ▲ 29.3% |
| Financial charges65/66B | - | €12,848 | €30,839 | €27,110 | €28,484 | ▲ 5.1% |
| Recurring financial charges65 | €2,478 | €12,848 | €30,839 | €27,110 | €28,484 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | €22,346 | €7,196 | €64,034 | €79,329 | €49,701 | ▼ 37.3% |
| Income taxes67/77 | €7,949 | €3,565 | €13,504 | €22,117 | €12,479 | ▼ 43.6% |
| Profit (loss) for the period9904 | €14,397 | €3,632 | €50,530 | €57,212 | €37,221 | ▼ 34.9% |
| Profit (loss) for the period to be appropriated9905 | €14,397 | €3,632 | €50,530 | €57,212 | €37,221 | ▼ 34.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €350,785 | €731,178 | €698,004 | €861,280 | €820,449 | ▼ 4.7% |
| Fixed assets21/28 | €29,886 | €532,381 | €536,113 | €600,522 | €577,983 | ▼ 3.8% |
| Tangible fixed assets22/27 | €29,886 | €532,381 | €536,113 | €600,522 | €577,983 | ▼ 3.8% |
| Land and buildings22 | - | €507,675 | €510,769 | €533,604 | €523,432 | ▼ 1.9% |
| Plant, machinery and equipment23 | - | €21,516 | €19,056 | €16,596 | €14,136 | ▼ 14.8% |
| Furniture and vehicles24 | - | €3,191 | €6,288 | €50,322 | €40,414 | ▼ 19.7% |
| Current assets29/58 | €320,898 | €198,797 | €161,892 | €260,757 | €242,466 | ▼ 7.0% |
| Stocks and contracts in progress3 | €2,500 | €2,500 | €0 | - | - | - |
| Stocks30/36 | - | €2,500 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €304,961 | €190,235 | €157,164 | €219,758 | €238,603 | ▲ 8.6% |
| Trade receivables40 | - | €144,195 | €103,938 | €153,254 | €153,914 | ▲ 0.4% |
| Other amounts receivable41 | - | €46,040 | €53,226 | €66,504 | €84,689 | ▲ 27.3% |
| Cash at bank and in hand54/58 | €2,798 | €6,061 | €4,727 | €40,999 | €3,863 | ▼ 90.6% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €350,785 | €731,178 | €698,004 | €861,280 | €820,449 | ▼ 4.7% |
| Equity10/15 | €118,746 | €122,377 | €154,908 | €197,120 | €219,341 | ▲ 11.3% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €27,289 | €30,920 | €144,908 | €187,120 | €209,341 | ▲ 11.9% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €8,352 | €8,352 | €8,352 | €8,352 | = |
| Distributable reserves133 | - | €22,568 | €136,556 | €178,767 | €200,989 | ▲ 12.4% |
| Profit (loss) carried forward14 | €81,457 | €81,457 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €232,039 | €608,801 | €543,096 | €664,160 | €601,108 | ▼ 9.5% |
| Amounts payable after more than one year17 | €15,408 | €370,303 | €353,666 | €383,569 | €357,811 | ▼ 6.7% |
| Financial debts170/4 | - | €370,303 | €353,666 | €383,569 | €357,811 | ▼ 6.7% |
| Amounts payable within one year42/48 | €216,631 | €238,497 | €189,075 | €280,591 | €242,901 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | - | €17,272 | €16,638 | €10,297 | €18,627 | ▲ 80.9% |
| Financial debts43 | - | - | - | - | €3,381 | - |
| Credit institutions430/8 | - | - | - | - | €3,381 | - |
| Trade debts44 | €37,933 | €30,026 | €26,580 | €112,451 | €33,078 | ▼ 70.6% |
| Suppliers440/4 | - | €30,026 | €26,580 | €112,451 | €33,078 | ▼ 70.6% |
| Advances received on contracts in progress46 | - | €48,204 | €3,468 | €0 | €33,045 | - |
| Taxes, remuneration and social security45 | - | €23,778 | €6,930 | €22,532 | €22,473 | ▼ 0.3% |
| Taxes450/3 | - | €23,778 | €6,930 | €22,532 | €22,473 | ▼ 0.3% |
| Other amounts payable47/48 | - | €119,217 | €135,460 | €135,312 | €132,297 | ▼ 2.2% |
| Accrued charges and deferred income492/3 | - | - | €355 | €0 | €396 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,397 | €3,632 | €50,530 | €57,212 | €37,221 | ▼ 34.9% |
| + Depreciation and write-downs630 | €3,493 | €9,505 | €16,174 | €18,074 | €27,921 | ▲ 54.5% |
| Operating cash flow (approximation) | €17,891 | €13,137 | €66,705 | €75,286 | €65,143 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€512,000 | -€19,906 | -€82,484 | -€5,382 | ▲ 93.5% |
| Change in cash | - | €3,263 | -€1,334 | €36,272 | -€37,136 | ▼ 202% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 136 companies in this sector we hold annual accounts for 86. 63 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector