SHAYP

Active

Public limited companyfounded 20178 yrs activeKomediantenstraat 22, 1000 Brussel, BelgiumKBO/BCE: BE 0682.631.956

SHAYP has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €176k and a net result of €-168k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

50 / 100

Fair▼ -6 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency28▼-7

Growth52▼-26

Stability92

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity ample (current ratio 1.52 against 1.33 in 2024), but 91.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 26

Relative position

BE, all sectors

reference

Sector 26

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€168k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 127 sector peers (2025).

NBB · sector comparison

Position among 127 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

1 d early

2024

5 d late

2023

61 d late

2022

8 d late

2021

4 d early

2020

37 d early

2019

84 d late

← before the deadline after the deadline →

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address strikeout annulled

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.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

Financials · fiscal year 2025, full schema

Turnover

€580k

EBIT margin

-171.1%

Net result

€-168k▼ 1,050%

2024 · €-15k

2018: €-164k 2019: €-133k 2020: €-498k 2021: €-768k 2022: €-1.07M 2023: €-508k 2024: €-15k

2018 → 2025

Working capital

€237k▲ 62.8%

2024 · €145k

2018: €117k 2019: €101k 2020: €1.26M 2021: €208k 2022: €399k 2023: €-31k 2024: €145k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€580k

Equity€813k-€-208k€-688k▼ 231%€402k€176k▼ 56.3%

Operating result€-791k-€-992k▼ 25.4%€-493k▲ 50.3%€6k€-216k

Net result€-768k-€-1.07M▼ 38.8%€-508k▲ 52.4%€-15k▲ 97.1%€-168k▼ 1,050%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €216k after €6k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.06M

66.5%

33.5%

Fixed assets €1.37M▲ 1.7%

Current assets €688k▲ 18.5%

Equity and liabilities €2.06M

91.5%

Equity €176k▼ 56.3%

Debt €1.88M▲ 23.4%

The debt ratio rises from 79.1% to 91.5%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€202k▼

2024 · €433k

Cash flow

€250k▼

2024 · €413k

Solvency

8.5%▼

2024 · 20.9%

Current ratio

1.52▲

2024 · 1.33

Quick ratio

1.45▲

2024 · 1.05

Debt / equity

10.70▲

2024 · 3.78

ROE

-95.6%▼

2024 · -3.6%

ROA

-8.2%▼

2024 · -0.8%

Interest coverage

4.00▼

2024 · 7.59

Debt

€1.88M▲

2024 · €1.52M

Debt ≤ 1 year

€451k▲

2024 · €435k

Debt > 1 year

€416k▼

2024 · €430k

Income taxes

€-22k▼

2024 · €36k

Staff costs

€362k▲

2024 · €255k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.92M€2.06M▲

Fixed assets21/28€1.34M€1.37M▲

Intangible fixed assets21€779k€685k▼

Tangible fixed assets22/27€528k€655k▲

Plant, machinery and equipment23€526k€654k▲

Furniture and vehicles24€2k€997▼

Financial fixed assets28€37k€28k▼

Current assets29/58€580k€688k▲

Stocks and contracts in progress3€123k€32k▼

Stocks30/36€123k€32k▼

Amounts receivable within one year40/41€308k€359k▲

Trade receivables40€308k€350k▲

Other amounts receivable41€0€10k▲

Cash at bank and in hand54/58€132k€297k▲

Deferred charges and accrued income490/1€16k€0▼

Equity and liabilities

Total equity and liabilities10/49€1.92M€2.06M▲

Equity10/15€402k€176k▼

Contributions10/11€419k€431k▲

Capital10€419k€431k▲

Issued capital100€432k€432k=

Uncalled capital101€12k€248▼

Profit (loss) carried forward14€-202k€-370k▼

Investment grants15€185k€114k▼

Amounts payable17/49€1.52M€1.88M▲

Amounts payable after more than one year17€430k€416k▼

Financial debts170/4€430k€416k▼

Amounts payable within one year42/48€435k€451k▲

Current portion of amounts payable after more than one year42€0-

Financial debts43€125k€250k▲

Credit institutions430/8€125k€250k▲

Trade debts44€220k€134k▼

Suppliers440/4€220k€134k▼

Taxes, remuneration and social security45€65k€54k▼

Taxes450/3€26k€3k▼

Remuneration and social security454/9€39k€52k▲

Other amounts payable47/48€25k€13k▼

Accrued charges and deferred income492/3€658k€1.01M▲

Income statement Code20242025

Non-recurring operating income76A-€78k

Remuneration, social security and pensions62€255k€362k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€427k€417k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-

Other operating charges640/8€16k€92▼

Non-recurring operating charges66A€74k€10k▼

Gross operating margin9900€779k€574k▼

Operating profit (loss)9901€6k€-216k▼

Financial income75/76B€73k€76k▲

Recurring financial income75€73k€76k▲

Financial charges65/66B€57k€50k▼

Recurring financial charges65€57k€50k▼

Profit (loss) for the period before taxes9903€21k€-190k▼

Income taxes67/77€36k€-22k▼

Profit (loss) for the period9904€-15k€-168k▼

Profit (loss) for the period to be appropriated9905€-15k€-168k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-3.15M€-370k▲

Profit (loss) brought forward from the previous period14P€-3.14M€-202k▲

Transfer from equity791/2€2.95M€0▼

Social balance

Average headcount (FTE)90874.85.9▲

The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 1Financial 4Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-09

KBO administration Address strikeout annulled

02-09

State Gazette act Board meeting · Director resignation

Board meeting · Director resignation · Registered-office move3 facts ▸

Board meeting, 2026-01-01
Director resignation, Robert Mc Cormack Alexandre (administrateur)
Registered-office move, Rue des Comédiens 22, 1000 Bruxelles

30-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

05-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 5 days late

2024

31-12

Financial Equity above €200kEq €402k

Equity rises from €-688k to €402k.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 61 days late

2023

08-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 8 days late

2022

31-12

Financial Weakest financial yearnet €-1.07M

Net result drops to €-1.07M, the lowest in the series; recovery starts the following year.

27-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

24-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Liquidity triplescurrent ratio 4.32

Current ratio from 1.59 to 4.32.

31-12

Financial Equity above €1MEq €1.47M ▲2014%

Equity rises from €70k to €1.47M.

23-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 84 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

26-08-2026 Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Komediantenstraat 221000 Brussel

Ground area

715 m²

Building footprint

712 m²

Volume, LiDAR