Summary
SHATAL has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €19.3m and a net result of €270,351. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 69% of 9354 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
37 d early
2023
34 d late
2022
400 d late
2021
6 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 25 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Lummen, Real estate sector#2 company by equity in Lummen, Real estate sector
Turnover
€1.4m
EBIT margin
59.7%
Net result
€270,351▼ 67.3%
2024 · €827,946
Working capital
-€227,753▲ 67.9%
2024 · -€709,906
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 68, Real estate activities, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.4m
Operating result€305,893▼ 7.7%-€164,269€178,195€158,665▼ 11.0%€816,112▲ 414%
Net result€18.9mabove the sector's middle half▲ 1,496%-€151,218below the sector's middle half-€127,582below the sector's middle half▲ 15.6%€827,946above the sector's middle half€270,351above the sector's middle half▼ 67.3%
EBIT margin59.7%
Equity€25.3mabove the sector's middle half▲ 44.2%€25.2mabove the sector's middle half▼ 0.6%€25.1mabove the sector's middle half▼ 0.5%€19.0mabove the sector's middle half▼ 24.0%€19.3mabove the sector's middle half▲ 1.4%
Total assets€29.4mabove the sector's middle half▲ 39.4%€42.1mabove the sector's middle half▲ 43.3%€43.1mabove the sector's middle half▲ 2.4%€36.1mabove the sector's middle half▼ 16.4%€35.0mabove the sector's middle half▼ 3.0%
Debt€4.1m▲ 15.7%€16.9m▲ 317%€18.1m▲ 6.6%€17.0m▼ 5.8%€15.7m▼ 7.9%
Working capital€2.3mabove the sector's middle half▼ 22.0%€5.0mabove the sector's middle half▲ 119%€4.6mabove the sector's middle half▼ 6.6%-€709,906below the sector's middle half-€227,753below the sector's middle half▲ 67.9%
Solvency86.2%above the sector's middle half▲ 2.8pp59.8%within the sector's middle half▼ 26.4pp58.1%within the sector's middle half▼ 1.7pp52.8%within the sector's middle half▼ 5.3pp55.2%within the sector's middle half▲ 2.4pp
Current ratio2.25within the sector's middle half▼ 2.135.76above the sector's middle half▲ 3.513.67above the sector's middle half▼ 2.090.26below the sector's middle half▼ 3.410.75within the sector's middle half▲ 0.49
Return on assets (ROA)64.1%above the sector's middle half▲ 58.5pp-0.4%within the sector's middle half▼ 64.5pp-0.3%within the sector's middle half▲ 0.1pp2.3%within the sector's middle half▲ 2.6pp0.8%within the sector's middle half▼ 1.5pp
Staff (FTE)1.7within the sector's middle half▼ 66.0%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2021 Net result +1,496% on 2020. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 414% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35.0m
Fixed assets
€34.3m ▼ 4.2%
Current assets
€671,533 ▲ 168%
Equity and liabilities €35.0m
Equity
€19.3m ▲ 1.4%
Debt
€15.7m ▼ 7.9%
Debt's share of the balance-sheet total falls from 47.2% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.4%▼
2024 · 4.3%
Debt ≤ 1 year
€899,286▼
2024 · €960,614
Debt > 1 year
€14.6m▼
2024 · €15.8m
Income taxes
€99,651▼
2024 · €253,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.4m | - |
| Non-recurring operating income76A | €2,190 | €61,500 | - | - | €218,500 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €168,079 | - |
| Remuneration, social security and pensions62 | €128,156 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €334,795 | €519,047 | €716,506 | €968,079 | €952,960 | ▼ 1.6% |
| Other operating charges640/8 | €68,193 | €42,741 | €4,978 | €3,346 | €56,123 | ▲ 1,577% |
| Non-recurring operating charges66A | - | €31,176 | - | €62,691 | - | - |
| Gross operating margin9900 | €837,037 | €428,695 | €899,679 | €1.2m | €1.8m | ▲ 53.0% |
| Operating profit (loss)9901 | €305,893 | -€164,269 | €178,195 | €158,665 | €816,112 | ▲ 414% |
| Financial income75/76B | €18.7m | €220,857 | €189,353 | €1.5m | €117,652 | ▼ 92.2% |
| Recurring financial income75 | €415,334 | €220,857 | €189,353 | €1.5m | €117,652 | ▼ 92.2% |
| Non-recurring financial income76B | €18.3m | - | - | - | - | - |
| Financial charges65/66B | €61,553 | €211,586 | €497,257 | €582,364 | €563,762 | ▼ 3.2% |
| Recurring financial charges65 | €61,553 | €211,586 | €497,257 | €582,364 | €563,762 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €19.0m | -€154,998 | -€129,710 | €1.1m | €370,002 | ▼ 65.8% |
| Income taxes67/77 | €100,000 | -€3,780 | -€2,127 | €253,512 | €99,651 | ▼ 60.7% |
| Profit (loss) for the period9904 | €18.9m | -€151,218 | -€127,582 | €827,946 | €270,351 | ▼ 67.3% |
| Profit (loss) for the period to be appropriated9905 | €18.9m | -€151,218 | -€127,582 | €827,946 | €270,351 | ▼ 67.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29.4m | €42.1m | €43.1m | €36.1m | €35.0m | ▼ 3.0% |
| Fixed assets21/28 | €25.3m | €36.1m | €36.8m | €35.8m | €34.3m | ▼ 4.2% |
| Tangible fixed assets22/27 | €10.4m | €14.9m | €16.4m | €15.4m | €14.3m | ▼ 7.1% |
| Land and buildings22 | €7.9m | €7.4m | €15.9m | €15.3m | €14.2m | ▼ 7.0% |
| Plant, machinery and equipment23 | €140,801 | €117,602 | €95,336 | €79,633 | €64,372 | ▼ 19.2% |
| Furniture and vehicles24 | €30,330 | €47,143 | €40,564 | €23,711 | €19,921 | ▼ 16.0% |
| Other tangible fixed assets26 | €396,555 | €406,055 | €406,055 | - | - | - |
| Assets under construction and advance payments27 | €1.9m | €6.9m | - | - | - | - |
| Financial fixed assets28 | €14.9m | €21.3m | €20.4m | €20.4m | €20.0m | ▼ 2.0% |
| Current assets29/58 | €4.1m | €6.0m | €6.4m | €250,708 | €671,533 | ▲ 168% |
| Amounts receivable after more than one year29 | - | €120,000 | €120,000 | €120,000 | - | - |
| Other amounts receivable291 | - | €120,000 | €120,000 | €120,000 | - | - |
| Amounts receivable within one year40/41 | €85,355 | €146,950 | €182,542 | €69,929 | €502,824 | ▲ 619% |
| Trade receivables40 | €3,492 | €6,994 | €33,069 | €1,905 | €2,493 | ▲ 30.9% |
| Other amounts receivable41 | €81,863 | €139,956 | €149,473 | €68,025 | €500,331 | ▲ 636% |
| Current investments50/53 | €3.9m | €5.0m | €4.5m | - | - | - |
| Cash at bank and in hand54/58 | €69,046 | €640,248 | €1.5m | €18,605 | €62,514 | ▲ 236% |
| Deferred charges and accrued income490/1 | €45,548 | €71,789 | €47,463 | €42,174 | €106,195 | ▲ 152% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29.4m | €42.1m | €43.1m | €36.1m | €35.0m | ▼ 3.0% |
| Equity10/15 | €25.3m | €25.2m | €25.1m | €19.0m | €19.3m | ▲ 1.4% |
| Contributions10/11 | €7,562 | €7,562 | €7,562 | €7,562 | €7,562 | = |
| Reserves13 | €25.3m | €25.2m | €25.0m | €19.0m | €19.3m | ▲ 1.4% |
| Tax-exempt reserves132 | €54,338 | €54,338 | €54,338 | €54,338 | €54,338 | = |
| Distributable reserves133 | €25.3m | €25.1m | €25.0m | €19.0m | €19.2m | ▲ 1.4% |
| Amounts payable17/49 | €4.1m | €16.9m | €18.1m | €17.0m | €15.7m | ▼ 7.9% |
| Amounts payable after more than one year17 | €2.0m | €15.6m | €16.1m | €15.8m | €14.6m | ▼ 7.4% |
| Financial debts170/4 | €2.0m | €15.6m | €16.1m | €15.8m | €14.6m | ▼ 7.4% |
| Amounts payable within one year42/48 | €1.8m | €1.0m | €1.7m | €960,614 | €899,286 | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | €356,503 | €671,006 | €1.6m | €636,181 | €636,661 | ▲ 0.1% |
| Financial debts43 | - | €16,726 | - | - | - | - |
| Credit institutions430/8 | - | €16,726 | - | - | - | - |
| Trade debts44 | €125,905 | €322,486 | €96,117 | €42,711 | €4,462 | ▼ 89.6% |
| Suppliers440/4 | €125,905 | €322,486 | €96,117 | €42,711 | €4,462 | ▼ 89.6% |
| Taxes, remuneration and social security45 | €5,092 | €22,982 | - | €242,929 | €258,163 | ▲ 6.3% |
| Taxes450/3 | €5,092 | €22,982 | - | €242,929 | €258,163 | ▲ 6.3% |
| Other amounts payable47/48 | €1.3m | €7,174 | €4,796 | €38,793 | - | - |
| Accrued charges and deferred income492/3 | €218,500 | €301,518 | €219,700 | €256,500 | €145,290 | ▼ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18.9m | -€151,218 | -€127,582 | €827,946 | €270,351 | ▼ 67.3% |
| + Depreciation and write-downs630 | €334,795 | €519,047 | €716,506 | €968,079 | €952,960 | ▼ 1.6% |
| Operating cash flow (approximation) | €19.2m | €367,829 | €588,923 | €1.8m | €1.2m | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | -€11.3m | -€1.3m | €43 | €546,512 | ▲ 1,265,266% |
| Change in cash | - | €571,201 | €855,489 | -€1.5m | €43,909 | ▲ 103% |
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
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Michel Dupont and Gert Maris4 facts ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representatives: Michel Dupont and Gert Maris4 facts ▸
- General meeting, 20-05-2026
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Michel Dupont (permanent representative)
- Permanent representative, Gert Maris (permanent representative)
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €827,946
Net result €827,946 after 2 loss-making years.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 34 days late
03-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 400 days late
2022
31-12
Financial
Weakest financial yearnet -€151,218
Net result drops to -€151,218, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.76
Current ratio from 2.25 to 5.76; short-term debt falls from €1.8m to €1.0m.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €18.9m ▲1,496%
Net result €18.9m, the highest in the series.
31-12
Financial
Equity above €25mEq €25.3m ▲44.2%
3 profitable years in a row build equity to €25.3m.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
CurrentStatutory auditor · since 12-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 2007
Ground area
2.6 ha
Building footprint
349 m²
Volume, LiDAR
1,868 m³
Parcel 71038C0045/00A000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOMSON IMMO
since 20072.164.973.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71038C0045/00A000 | Flanders | 2.6 ha | 1 · 349 m² | 8.4 m · 2 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
22.86%
According to the 2025 annual accounts of SHATAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Heli One
Shared director
→
T&K Partners
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
2 locations
1 location
Recognitions · licences · registrations
Legal Entity Identifier
8945007JFY7QNSQ8HD19
Similar companies · same sector, comparable size
Vicariaat Onderwijs Bisdom Brugge
BE 0505.695.246
Brugge · Eq €19,052,835
UII GREEN RETAIL 63
BE 0751.466.027
Brussel · Eq €19,802,921
ORIGO
BE 0447.280.361
Aartselaar · Eq €19,848,532
HERTSENS INVEST
BE 0436.103.090
Beveren-Kruibeke-Zwijndrecht · Eq €19,879,782
KANAM GRUND LE CORREGE
BE 0739.696.561
Sint-Pieters-Woluwe · Eq €18,685,293
Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 1,364 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
Founded11-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476699768
Also
9925:BE0476699768
Registered
18-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.