SHAURI
ActiveSummary
SHAURI has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.2m and a net result of €635,662. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 8112 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 8.31 against 5.12 in 2023; short-term debt: 10.2% and cash: 7.6% of total assets), and 10.5% 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
Four signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.5%
Return on assets
17.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
36 d early
2022
35 d early
2021
25 d early
2020
33 d early
2019
26 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 20 days before 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
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Financials · fiscal year 2024, abbreviated schema
Equity
€3.2m▲ 15.1%
2023 · €2.8m
Total assets
€3.6m▲ 7.6%
2023 · €3.3m
Net result
€635,662▲ 11.3%
2023 · €571,210
Working capital
€2.7m▲ 21.9%
2023 · €2.2m
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€532,371▼ 2.3%€305,601▼ 42.6%€599,633▲ 96.2%€878,592▲ 46.5%€919,055▲ 4.6%
Net result€365,677above the sector's middle half▼ 7.3%€182,746above the sector's middle half▼ 50.0%€418,144above the sector's middle half▲ 129%€571,210above the sector's middle half▲ 36.6%€635,662above the sector's middle half▲ 11.3%
Equity€2.9mabove the sector's middle half▲ 14.3%€3.1mabove the sector's middle half▲ 6.3%€2.4mabove the sector's middle half▼ 23.2%€2.8mabove the sector's middle half▲ 16.3%€3.2mabove the sector's middle half▲ 15.1%
Total assets€3.0mabove the sector's middle half▲ 5.0%€3.2mabove the sector's middle half▲ 4.6%€3.6mabove the sector's middle half▲ 14.9%€3.3mabove the sector's middle half▼ 9.0%€3.6mabove the sector's middle half▲ 7.6%
Debt€106,933▼ 67.3%€63,542▼ 40.6%€1.3m▲ 1,871%€533,961▼ 57.4%€366,123▼ 31.4%
Working capital€2.0mabove the sector's middle half▲ 24.6%€2.2mabove the sector's middle half▲ 9.1%€1.5mabove the sector's middle half▼ 30.7%€2.2mabove the sector's middle half▲ 44.9%€2.7mabove the sector's middle half▲ 21.9%
Solvency96.2%above the sector's middle half▲ 7.8pp97.7%above the sector's middle half▲ 1.5pp65.4%within the sector's middle half▼ 32.4pp83.6%above the sector's middle half▲ 18.3pp89.5%above the sector's middle half▲ 5.9pp
Current ratio19.65above the sector's middle half▲ 13.7635.25above the sector's middle half▲ 15.602.20within the sector's middle half▼ 33.055.12above the sector's middle half▲ 2.928.31above the sector's middle half▲ 3.19
Return on assets (ROA)12.1%above the sector's middle half▼ 1.6pp5.8%within the sector's middle half▼ 6.3pp11.5%within the sector's middle half▲ 5.7pp17.3%above the sector's middle half▲ 5.8pp17.8%above the sector's middle half▲ 0.6pp
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.6m
Fixed assets
€534,995 ▼ 10.3%
Current assets
€3.0m ▲ 11.5%
Equity and liabilities €3.6m
Equity
€3.2m ▲ 15.1%
Provisions
€8,098 =
Debt
€366,123 ▼ 31.4%
Debt's share of the balance-sheet total falls from 16.1% to 10.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€984,204▲
2023 · €955,675
Cash flow
€700,811▲
2023 · €648,293
Debt to equity
0.11▼
2023 · 0.19
ROE
19.9%▼
2023 · 20.6%
Interest coverage
54.77▲
2023 · 47.56
Debt ≤ 1 year
€364,362▼
2023 · €530,058
Income taxes
€339,291▲
2023 · €301,041
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 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% | 1.9% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,762 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,682 | €81,547 | €77,900 | €77,084 | €65,149 | ▼ 15.5% |
| Other operating charges640/8 | - | €4,458 | €6,005 | €4,802 | €13,171 | ▲ 174% |
| Gross operating margin9900 | €610,172 | €391,606 | €683,537 | €960,478 | €997,376 | ▲ 3.8% |
| Operating profit (loss)9901 | €532,371 | €305,601 | €599,633 | €878,592 | €919,055 | ▲ 4.6% |
| Financial income75/76B | - | €27,915 | €27,625 | €13,752 | €73,868 | ▲ 437% |
| Recurring financial income75 | €8,668 | €27,915 | €27,625 | €13,752 | €73,868 | ▲ 437% |
| Financial charges65/66B | - | €13,847 | €17,061 | €20,093 | €17,969 | ▼ 10.6% |
| Recurring financial charges65 | €26,094 | €13,847 | €17,061 | €20,093 | €17,969 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €514,945 | €319,669 | €610,197 | €872,251 | €974,953 | ▲ 11.8% |
| Income taxes67/77 | €149,268 | €136,923 | €192,053 | €301,041 | €339,291 | ▲ 12.7% |
| Profit (loss) for the period9904 | €365,677 | €182,746 | €418,144 | €571,210 | €635,662 | ▲ 11.3% |
| Transfer from tax-exempt reserves789 | - | €407,017 | - | €178,000 | €210,500 | ▲ 18.3% |
| Transfer to tax-exempt reserves689 | - | €105,250 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €260,427 | €484,513 | €418,144 | €749,210 | €846,162 | ▲ 12.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.2m | €3.6m | €3.3m | €3.6m | ▲ 7.6% |
| Fixed assets21/28 | €927,840 | €928,566 | €880,171 | €596,192 | €534,995 | ▼ 10.3% |
| Tangible fixed assets22/27 | €927,640 | €928,366 | €879,971 | €595,992 | €534,795 | ▼ 10.3% |
| Land and buildings22 | - | €809,463 | €760,081 | €486,872 | €439,540 | ▼ 9.7% |
| Furniture and vehicles24 | - | €118,903 | €119,889 | €109,120 | €95,255 | ▼ 12.7% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €2.1m | €2.2m | €2.8m | €2.7m | €3.0m | ▲ 11.5% |
| Amounts receivable within one year40/41 | €78,367 | €1,980 | €58,833 | €74,971 | €74,393 | ▼ 0.8% |
| Trade receivables40 | - | €1,293 | €57,006 | €74,971 | €73,920 | ▼ 1.4% |
| Other amounts receivable41 | - | €687 | €1,826 | - | €472 | - |
| Current investments50/53 | €786,385 | €1.4m | €2.4m | €1.9m | €2.7m | ▲ 38.4% |
| Cash at bank and in hand54/58 | €1.2m | €825,248 | €330,715 | €702,674 | €271,955 | ▼ 61.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.2m | €3.6m | €3.3m | €3.6m | ▲ 7.6% |
| Equity10/15 | €2.9m | €3.1m | €2.4m | €2.8m | €3.2m | ▲ 15.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2.5m | €2.7m | €2.0m | €2.3m | €2.8m | ▲ 17.9% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Tax-exempt reserves132 | - | €388,500 | €388,500 | €210,500 | - | - |
| Distributable reserves133 | - | €2.3m | €1.6m | €2.1m | €2.8m | ▲ 29.6% |
| Profit (loss) carried forward14 | €407,317 | €407,317 | €407,317 | €407,317 | €407,317 | = |
| Provisions and deferred taxes16 | €8,098 | €8,098 | €8,098 | €8,098 | €8,098 | = |
| Provisions for liabilities and charges160/5 | - | €8,098 | - | €8,098 | €8,098 | = |
| Other liabilities and charges164/5 | - | €8,098 | - | €8,098 | €8,098 | = |
| Deferred taxes168 | - | - | €8,098 | - | - | - |
| Amounts payable17/49 | €106,933 | €63,542 | €1.3m | €533,961 | €366,123 | ▼ 31.4% |
| Amounts payable within one year42/48 | €106,933 | €63,542 | €1.3m | €530,058 | €364,362 | ▼ 31.3% |
| Trade debts44 | €54,691 | €5,860 | €2,793 | €7,805 | €5,074 | ▼ 35.0% |
| Suppliers440/4 | - | €5,860 | €2,793 | €7,805 | €5,074 | ▼ 35.0% |
| Advances received on contracts in progress46 | - | - | - | - | €625 | - |
| Taxes, remuneration and social security45 | - | €42,612 | €113,983 | €315,574 | €101,142 | ▼ 68.0% |
| Taxes450/3 | - | €39,673 | €113,983 | €312,664 | €95,013 | ▼ 69.6% |
| Remuneration and social security454/9 | - | €2,939 | - | €2,910 | €6,129 | ▲ 111% |
| Other amounts payable47/48 | - | €15,070 | €1.1m | €206,679 | €257,522 | ▲ 24.6% |
| Accrued charges and deferred income492/3 | - | - | - | €3,903 | €1,761 | ▼ 54.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €365,677 | €182,746 | €418,144 | €571,210 | €635,662 | ▲ 11.3% |
| + Depreciation and write-downs630 | €73,682 | €81,547 | €77,900 | €77,084 | €65,149 | ▼ 15.5% |
| Operating cash flow (approximation) | €439,359 | €264,293 | €496,044 | €648,293 | €700,811 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | -€82,273 | -€29,504 | €206,895 | -€3,952 | ▼ 102% |
| Change in cash | - | -€385,943 | -€494,533 | €371,959 | -€430,720 | ▼ 216% |
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
2026
11-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €635,662 ▲11.3%
Operating result €919,055, net result €635,662, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.12
Current ratio from 2.20 to 5.12; short-term debt falls from €1.3m to €530,058.
10-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
23-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
23-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
16-06
State Gazette act
General meeting · Auditor appointment
Director resignation · Director appointment
2021
31-12
Financial
Weakest financial yearnet €182,746 ▼50%
Net result drops to €182,746, the lowest in the series; recovery starts the following year.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
11-06
State Gazette act
General meeting · Director resignation
Director reappointment · Permanent representative
2020
31-12
Financial
Liquidity triplescurrent ratio 19.65
Current ratio from 5.89 to 19.65; short-term debt falls from €327,193 to €106,933.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
29-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
29-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
18-05
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2009
28-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lubbeek · 1 establishment unit since 2000
Ground area
7,905 m²
Building footprint
282 m²
Volume, LiDAR
1,760 m³
Parcel 24066G0172/00T000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Gertrudendries(LUB) 11, 3210 Lubbeek
since 20002.099.515.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066G0172/00T000 | Flanders | 7,905 m² | 1 · 282 m² | 8.9 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.
Structure & network
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
FEDERATIE VAN GROTE BAKKERIJEN VAN BELGIE - FEDERATION DES GRANDES BOULANGERIES BELGES
Shared director
→
Koninklijke Vereniging der Belgische Maalders
Shared director
→
Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
5 locations
2 locations
2 locations
1 location
1 location
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500QVQ1RZ4RE7WT45
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 15,247 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
Founded24-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469986675
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.