SHEFA
ActiveSummary
SHEFA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €15k. Equity is growing by ~22.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-4
Solvency79▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.04 in 2023; short-term debt: 44.5% and cash: 4.2% of total assets), and 45.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 15-06-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
46 d early
2023
34 d early
2022
10 d late
2021
11 d late
2020
29 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€120k▲ 14.4%
2023 · €105k
2018: €38klowest in 7 years
2019: €47k▲ +25.2% vs 2018
2020: €44k▼ -7.0% vs 2019
2021: €59k▲ +33.9% vs 2020
2022: €86k▲ +46.4% vs 2021
2023: €105k▲ +22.7% vs 2022
2024: €120k▲ +14.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€221k▲ 7.3%
2023 · €206k
2018: €262khighest in 7 years
2019: €252k▼ -3.8% vs 2018
2020: €228k▼ -9.7% vs 2019
2021: €215k▼ -5.7% vs 2020
2022: €215k▲ +0.1% vs 2021
2023: €206k▼ -4.4% vs 2022lowest in 7 years
2024: €221k▲ +7.3% vs 2023
2018 → 2024
Net result
€15k▼ 22.1%
2023 · €19k
2018: €-8klowest in 7 years
2019: €9k▲ +213% vs 2018
2020: €-3k▼ -135% vs 2019
2021: €15k▲ +553% vs 2020
2022: €27k▲ +83.1% vs 2021highest in 7 years
2023: €19k▼ -28.4% vs 2022
2024: €15k▼ -22.1% vs 2023
2018 → 2024
Working capital
€-87k▲ 8.9%
2023 · €-96k
2018: €-197klowest in 7 years
2019: €-184k▲ +6.6% vs 2018
2020: €-178k▲ +3.6% vs 2019
2021: €-154k▲ +13.5% vs 2020
2022: €-123k▲ +19.8% vs 2021
2023: €-96k▲ +22.4% vs 2022
2024: €-87k▲ +8.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€44k-€59k▲ 33.9%€86k▲ 46.4%€105k▲ 22.7%€120k▲ 14.4%
2020: €44klowest in 5 years
2021: €59k▲ +33.9% vs 2020
2022: €86k▲ +46.4% vs 2021
2023: €105k▲ +22.7% vs 2022
2024: €120k▲ +14.4% vs 2023highest in 5 years
Operating result€-7k-€20k€37k▲ 83.2%€26k▼ 29.5%€20k▼ 21.7%
2020: €-7klowest in 5 years
2021: €20k▲ +384% vs 2020
2022: €37k▲ +83.2% vs 2021highest in 5 years
2023: €26k▼ -29.5% vs 2022
2024: €20k▼ -21.7% vs 2023
Net result€-3k-€15k€27k▲ 83.1%€19k▼ 28.4%€15k▼ 22.1%
2020: €-3klowest in 5 years
2021: €15k▲ +553% vs 2020
2022: €27k▲ +83.1% vs 2021highest in 5 years
2023: €19k▼ -28.4% vs 2022
2024: €15k▼ -22.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €219k
Fixed assets
€208k ▲ 3.8%
Current assets
€11k ▲ 189%
Equity and liabilities €221k
Equity
€120k ▲ 14.4%
Debt
€100k ▼ 0.2%
Debt's share of the balance-sheet total falls from 48.9% to 45.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2023 · €33k
Cash flow
€21k▼
2023 · €27k
Current ratio
0.11▲
2023 · 0.04
Debt to equity
0.84▼
2023 · 0.96
ROE
12.6%▼
2023 · 18.5%
ROA
6.9%▼
2023 · 9.4%
Interest coverage
604.52▲
2023 · 190.77
Debt ≤ 1 year
€98k▼
2023 · €99k
Income taxes
€6k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€206k€221k▲
Formation expenses20€2k€2k=
Fixed assets21/28€200k€208k▲
Tangible fixed assets22/27€199k€207k▲
Land and buildings22€193k€190k▼
Plant, machinery and equipment23€7k€15k▲
Furniture and vehicles24-€1k
Financial fixed assets28€741€741=
Current assets29/58€4k€11k▲
Cash at bank and in hand54/58€2k€9k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€206k€221k▲
Equity10/15€105k€120k▲
Contributions10/11€31k€31k=
Capital10€31k€31k=
Issued capital100€31k€31k=
Reserves13€8k€8k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€66k€82k▲
Amounts payable17/49€101k€100k▼
Amounts payable within one year42/48€99k€98k▼
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€7k€13k▲
Remuneration and social security454/9€897€897=
Other amounts payable47/48€86k€83k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€43k€37k▼
Operating profit (loss)9901€26k€20k▼
Financial income75/76B€749€548▼
Recurring financial income75€749€548▼
Financial charges65/66B€173€44▼
Recurring financial charges65€173€44▼
Profit (loss) for the period before taxes9903€26k€21k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€19k€15k▼
Profit (loss) for the period to be appropriated9905€19k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€82k▲
Profit (loss) brought forward from the previous period14P€47k€66k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Remuneration, social security and pensions62 | - | €19k | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €8k | €7k | €6k | ▼ 14.8% |
| Other operating charges640/8 | - | €860 | €5k | €10k | €11k | ▲ 4.6% |
| Gross operating margin9900 | €30k | €49k | €52k | €43k | €37k | ▼ 14.3% |
| Operating profit (loss)9901 | €-7k | €20k | €37k | €26k | €20k | ▼ 21.7% |
| Financial income75/76B | - | - | €0 | €749 | €548 | ▼ 26.8% |
| Recurring financial income75 | €1 | - | €0 | €749 | €548 | ▼ 26.8% |
| Financial charges65/66B | - | €3k | €49 | €173 | €44 | ▼ 74.8% |
| Recurring financial charges65 | €340 | €3k | €49 | €173 | €44 | ▼ 74.8% |
| Profit (loss) for the period before taxes9903 | €-7k | €18k | €37k | €26k | €21k | ▼ 21.5% |
| Income taxes67/77 | €-4k | €3k | €10k | €7k | €6k | ▼ 19.9% |
| Profit (loss) for the period9904 | €-3k | €15k | €27k | €19k | €15k | ▼ 22.1% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €15k | €27k | €19k | €15k | ▼ 22.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228k | €215k | €215k | €206k | €221k | ▲ 7.3% |
| Formation expenses20 | €2k | €2k | €2k | €2k | €2k | = |
| Fixed assets21/28 | €220k | €210k | €207k | €200k | €208k | ▲ 3.8% |
| Tangible fixed assets22/27 | €219k | €209k | €206k | €199k | €207k | ▲ 3.8% |
| Land and buildings22 | - | €201k | €196k | €193k | €190k | ▼ 1.1% |
| Plant, machinery and equipment23 | - | €9k | €10k | €7k | €15k | ▲ 129% |
| Furniture and vehicles24 | - | - | - | - | €1k | - |
| Financial fixed assets28 | €741 | €741 | €741 | €741 | €741 | = |
| Current assets29/58 | €6k | €3k | €6k | €4k | €11k | ▲ 189% |
| Cash at bank and in hand54/58 | €760 | €2k | €5k | €2k | €9k | ▲ 331% |
| Deferred charges and accrued income490/1 | - | €594 | €2k | €2k | €2k | ▲ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228k | €215k | €215k | €206k | €221k | ▲ 7.3% |
| Equity10/15 | €44k | €59k | €86k | €105k | €120k | ▲ 14.4% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Capital10 | - | €31k | €31k | €31k | €31k | = |
| Issued capital100 | - | €31k | €31k | €31k | €31k | = |
| Reserves13 | €6k | €7k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | €2k | €3k | €3k | €3k | = |
| Legal reserve130 | - | €2k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €6k | €20k | €47k | €66k | €82k | ▲ 22.8% |
| Amounts payable17/49 | €184k | €156k | €129k | €101k | €100k | ▼ 0.2% |
| Amounts payable within one year42/48 | €184k | €156k | €129k | €99k | €98k | ▼ 1.2% |
| Trade debts44 | €1k | €2k | €2k | €5k | €1k | ▼ 74.5% |
| Suppliers440/4 | - | €2k | €2k | €5k | €1k | ▼ 74.5% |
| Taxes, remuneration and social security45 | - | €9k | €10k | €8k | €14k | ▲ 71.1% |
| Taxes450/3 | - | €3k | €10k | €7k | €13k | ▲ 80.1% |
| Remuneration and social security454/9 | - | €6k | €897 | €897 | €897 | = |
| Other amounts payable47/48 | - | €146k | €117k | €86k | €83k | ▼ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | €2k | ▲ 88.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €15k | €27k | €19k | €15k | ▼ 22.1% |
| + Depreciation and write-downs630 | €10k | €10k | €8k | €7k | €6k | ▼ 14.8% |
| Operating cash flow (approximation) | €7k | €24k | €35k | €27k | €21k | ▼ 20.1% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €0 | €-14k | - |
| Change in cash | - | €1k | €2k | €-2k | €7k | ▲ 387% |
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
2025
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €105k ▲22.7%
3 profitable years in a row build equity to €105k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Highest result since 2018net €27k ▲83.1%
Operating result €37k, net result €27k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Antwerpen · 1 establishment unit since 1992
Ground area
882 m²
Building footprint
738 m²
Volume, LiDAR
6,837 m³
Parcel 11806F1337/00K004, Flanders · tallest building 19.0 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SHEFA
since 19922.056.385.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1337/00K004 | Flanders | 882 m² | 1 · 738 m² | 19.0 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-1991
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.