SHB WORKS
ActiveSHB WORKS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €27k. Equity is growing by ~39% per year across the filed fiscal years. Its solvency ranks better than 35% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-22
Solvency60▼-40
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 6.39 in 2024; short-term debt: 63.8% and cash: 7.1% of total assets), and 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
35.2%
Return on assets
15.1%
Age of the figures
9 mo
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 28-04-2026, 94 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
94 d early
2024
29 d late
2023
1 d early
2022
31 d late
2021
25 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€63k▼ 27.1%
2024 · €86k
2021: €30k
2022: €44k
2023: €62k
2024: €86k
2021 → 2025
Total assets
€178k▲ 77.9%
2024 · €100k
2021: €45k
2022: €66k
2023: €86k
2024: €100k
2021 → 2025
Net result
€27k▲ 12.3%
2024 · €24k
2021: €28k
2022: €14k
2023: €18k
2024: €24k
2021 → 2025
Working capital
€54k▼ 28.3%
2024 · €76k
2021: €30k
2022: €44k
2023: €52k
2024: €76k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€44k▲ 48.0%€62k▲ 40.6%€86k▲ 38.5%€63k▼ 27.1%
Operating result€36k-€19k▼ 45.9%€24k▲ 25.0%€32k▲ 30.7%€39k▲ 24.2%
Net result€28k-€14k▼ 49.5%€18k▲ 25.2%€24k▲ 33.3%€27k▲ 12.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178k
Fixed assets
€10k=
Current assets
€168k▲ 86.6%
Equity and liabilities €178k
Equity
€63k▼ 27.1%
Debt
€115k▲ 718%
The debt ratio rises from 14.1% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
35.2%▼
2024 · 85.9%
Current ratio
1.48▼
2024 · 6.39
Quick ratio
1.48▼
2024 · 6.39
Debt / equity
1.84▲
2024 · 0.16
ROE
42.8%▲
2024 · 27.8%
ROA
15.1%▼
2024 · 23.9%
Debt
€115k▲
2024 · €14k
Debt ≤ 1 year
€113k▲
2024 · €14k
Income taxes
€12k▲
2024 · €8k
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€100k€178k▲
Fixed assets21/28€10k€10k=
Financial fixed assets28€10k€10k=
Current assets29/58€90k€168k▲
Amounts receivable within one year40/41€48k€153k▲
Trade receivables40€33k€44k▲
Other amounts receivable41€16k€110k▲
Cash at bank and in hand54/58€41k€13k▼
Deferred charges and accrued income490/1€309€2k▲
Equity and liabilities
Total equity and liabilities10/49€100k€178k▲
Equity10/15€86k€63k▼
Contributions10/11€2k€2k=
Reserves13€84k€61k▼
Distributable reserves133€84k€61k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€14k€115k▲
Amounts payable within one year42/48€14k€113k▲
Current portion of amounts payable after more than one year42-€40k
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€7k▲
Remuneration and social security454/9-€925
Other amounts payable47/48€5k€62k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Other operating charges640/8€2k€933▼
Gross operating margin9900€33k€40k▲
Operating profit (loss)9901€32k€39k▲
Financial income75/76B€304€2k▲
Recurring financial income75€304€2k▲
Financial charges65/66B€69€2k▲
Recurring financial charges65€69€2k▲
Profit (loss) for the period before taxes9903€32k€39k▲
Income taxes67/77€8k€12k▲
Profit (loss) for the period9904€24k€27k▲
Profit (loss) for the period to be appropriated9905€24k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€27k▲
Transfer from equity791/2-€23k
Transfer to equity691/2€24k€0▼
To other reserves6921€24k€0▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.39
Current ratio from 3.18 to 6.39; short-term debt falls from €24k to €14k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €14k ▼49.5%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 1 establishment unit since 2021
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.
Maeneghemstraat 28760 TieltGround area
4,863 m²
Building footprint
624 m²
Volume, LiDAR
2,892 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SHB WORKS
since 20212.357.471.667
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007A0576/00D000 | Flanders | 4,172 m² | 1 · 340 m² | 8.3 m · 2 fl. |
| 31039A0202/03K000 | Flanders | 691 m² | 1 · 283 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 39,183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.