SHEGEL
ActiveSummary
SHEGEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of SHEGEL were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €374,610 and a net result of €38,190. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 2817 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
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Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
146 d late
2023
69 d late
2022
122 d late
2020
144 d late
2019
122 d late
2018
364 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 161 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€374,610▲ 11.4%
2023 · €336,420
Net result
€38,190▼ 50.4%
2023 · €77,038
Total assets
€604,935▼ 8.3%
2023 · €659,787
Solvency
61.9%▲ 10.9pp
2023 · 51.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20192020202220232024
Operating result€42,499▼ 61.7%€40,644▼ 4.4%€61,345-€126,809▲ 107%€73,324▼ 42.2%
Net result€18,200▼ 75.1%€17,376within the sector's middle half▼ 4.5%€23,826within the sector's middle half-€77,038within the sector's middle half▲ 223%€38,190within the sector's middle half▼ 50.4%
Equity€169,885▲ 12.0%€187,261below the sector's middle half▲ 10.2%€259,382below the sector's middle half-€336,420below the sector's middle half▲ 29.7%€374,610below the sector's middle half▲ 11.4%
Total assets€585,818▲ 28.6%€511,567below the sector's middle half▼ 12.7%€654,233below the sector's middle half-€659,787below the sector's middle half▲ 0.8%€604,935below the sector's middle half▼ 8.3%
Debt€415,933▲ 37.0%€324,307▼ 22.0%€394,851-€323,367▼ 18.1%€230,325▼ 28.8%
Working capital€51,921▼ 37.5%€12,450within the sector's middle half▼ 76.0%€34,369within the sector's middle half-€88,529within the sector's middle half▲ 158%€128,537within the sector's middle half▲ 45.2%
Solvency29.0%▼ 4.3pp36.6%within the sector's middle half▲ 7.6pp39.6%within the sector's middle half-51.0%within the sector's middle half▲ 11.3pp61.9%within the sector's middle half▲ 10.9pp
Current ratio1.32▼ 0.331.09within the sector's middle half▼ 0.231.12within the sector's middle half-1.35within the sector's middle half▲ 0.231.70within the sector's middle half▲ 0.36
Return on assets (ROA)3.1%▼ 12.9pp3.4%within the sector's middle half▲ 0.3pp3.6%within the sector's middle half-11.7%above the sector's middle half▲ 8.0pp6.3%within the sector's middle half▼ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €604,935
Fixed assets
€294,039 ▼ 7.3%
Current assets
€310,896 ▼ 9.2%
Equity and liabilities €604,935
Equity
€374,610 ▲ 11.4%
Debt
€230,325 ▼ 28.8%
Debt's share of the balance-sheet total falls from 49.0% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.2%▼
2023 · 22.9%
Debt ≤ 1 year
€182,359▼
2023 · €253,917
Debt > 1 year
€47,967▼
2023 · €69,450
Income taxes
€28,461▼
2023 · €42,205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,513 | €32,210 | €46,904 | €46,902 | €47,001 | ▲ 0.2% |
| Other operating charges640/8 | - | - | €4,686 | €4,856 | €4,940 | ▲ 1.7% |
| Gross operating margin9900 | €106,027 | €86,782 | €112,935 | €178,568 | €125,265 | ▼ 29.8% |
| Operating profit (loss)9901 | €42,499 | €40,644 | €61,345 | €126,809 | €73,324 | ▼ 42.2% |
| Financial income75/76B | - | - | €0 | €113 | €2 | ▼ 98.3% |
| Recurring financial income75 | €10 | €4 | €0 | €113 | €2 | ▼ 98.3% |
| Financial charges65/66B | - | - | €8,812 | €7,679 | €6,674 | ▼ 13.1% |
| Recurring financial charges65 | €11,012 | €10,931 | €8,812 | €7,679 | €6,674 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | €31,498 | €29,717 | €52,534 | €119,243 | €66,651 | ▼ 44.1% |
| Income taxes67/77 | €13,297 | €12,342 | €28,707 | €42,205 | €28,461 | ▼ 32.6% |
| Profit (loss) for the period9904 | €18,200 | €17,376 | €23,826 | €77,038 | €38,190 | ▼ 50.4% |
| Profit (loss) for the period to be appropriated9905 | €18,200 | €17,376 | €23,826 | €77,038 | €38,190 | ▼ 50.4% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €585,818 | €511,567 | €654,233 | €659,787 | €604,935 | ▼ 8.3% |
| Fixed assets21/28 | €372,151 | €355,589 | €333,134 | €317,341 | €294,039 | ▼ 7.3% |
| Tangible fixed assets22/27 | €365,951 | €349,389 | €326,934 | €311,141 | €287,839 | ▼ 7.5% |
| Land and buildings22 | - | - | €308,856 | €268,936 | €229,017 | ▼ 14.8% |
| Plant, machinery and equipment23 | - | - | €5,648 | €8,919 | €6,894 | ▼ 22.7% |
| Furniture and vehicles24 | - | - | €12,430 | €15,286 | €10,229 | ▼ 33.1% |
| Other tangible fixed assets26 | - | - | - | €18,000 | €41,700 | ▲ 132% |
| Financial fixed assets28 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Current assets29/58 | €213,667 | €155,978 | €321,099 | €342,446 | €310,896 | ▼ 9.2% |
| Amounts receivable within one year40/41 | €118,862 | €116,586 | €189,752 | €262,349 | €266,736 | ▲ 1.7% |
| Trade receivables40 | - | - | €152,728 | €134,898 | €129,757 | ▼ 3.8% |
| Other amounts receivable41 | - | - | €37,024 | €127,452 | €136,979 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €89,701 | €35,937 | €21,363 | €2,926 | €3,431 | ▲ 17.3% |
| Deferred charges and accrued income490/1 | - | - | €109,984 | €77,171 | €40,729 | ▼ 47.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €585,818 | €511,567 | €654,233 | €659,787 | €604,935 | ▼ 8.3% |
| Equity10/15 | €169,885 | €187,261 | €259,382 | €336,420 | €374,610 | ▲ 11.4% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €163,685 | €181,061 | €253,182 | €330,220 | €368,410 | ▲ 11.6% |
| Non-distributable reserves130/1 | - | - | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €251,322 | €330,220 | €368,410 | ▲ 11.6% |
| Profit (loss) carried forward14 | €15,525 | €88,625 | - | - | - | - |
| Amounts payable17/49 | €415,933 | €324,307 | €394,851 | €323,367 | €230,325 | ▼ 28.8% |
| Amounts payable after more than one year17 | €250,425 | €180,772 | €108,121 | €69,450 | €47,967 | ▼ 30.9% |
| Financial debts170/4 | - | - | €108,121 | €69,450 | €47,967 | ▼ 30.9% |
| Amounts payable within one year42/48 | €161,746 | €143,528 | €286,730 | €253,917 | €182,359 | ▼ 28.2% |
| Current portion of amounts payable after more than one year42 | - | - | €37,087 | €38,672 | €21,483 | ▼ 44.4% |
| Financial debts43 | - | - | €4,131 | €8,875 | €10,279 | ▲ 15.8% |
| Credit institutions430/8 | - | - | €4,131 | €8,875 | €10,279 | ▲ 15.8% |
| Trade debts44 | €58,110 | €46,754 | €23,887 | €49,626 | €53,849 | ▲ 8.5% |
| Suppliers440/4 | - | - | €23,887 | €49,626 | €53,849 | ▲ 8.5% |
| Taxes, remuneration and social security45 | - | - | €92,001 | €58,191 | €37,159 | ▼ 36.1% |
| Taxes450/3 | - | - | €92,001 | €53,991 | €32,959 | ▼ 39.0% |
| Remuneration and social security454/9 | - | - | - | €4,200 | €4,200 | = |
| Other amounts payable47/48 | - | - | €129,624 | €98,554 | €59,589 | ▼ 39.5% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,200 | €17,376 | €23,826 | €77,038 | €38,190 | ▼ 50.4% |
| + Depreciation and write-downs630 | €51,513 | €32,210 | €46,904 | €46,902 | €47,001 | ▲ 0.2% |
| Operating cash flow (approximation) | €69,714 | €49,585 | €70,730 | €123,940 | €85,191 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | -€15,648 | - | -€31,109 | -€23,700 | ▲ 23.8% |
| Change in cash | - | -€53,764 | - | -€18,438 | €505 | ▲ 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
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 146 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €77,038 ▲223%
Operating result €126,809, net result €77,038, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 122 days late
2022
31-12
Financial
Equity above €200,000Eq €259,382 ▲38.5%
4 profitable years in a row build equity to €259,382.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 144 days late
2020
31-12
Financial
Weakest financial yearnet €17,376 ▼4.5%
Net result drops to €17,376, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 364 days late
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 182 days late
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 161 days late
2016
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 110 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Neufchâteau · 1 establishment unit since 2008
Ground area
2,141 m²
Building footprint
300 m²
Volume, LiDAR
2,459 m³
Parcel 84038A0168/00E002, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Voie des Fers,Mas 5, 6840 Neufchâteau
since 20082.171.295.609
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84038A0168/00E002 | Wallonia | 2,141 m² | 1 · 300 m² | 10.8 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.46%
According to the 2024 annual accounts of SHEGEL 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,976 EUR awarded · 2,976 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,774 EUR | 1,774 EUR |
| 2022 | 1 | 1,202 EUR | 1,202 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,772 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
Founded11-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Contact
E-mail
stephanieheymann@yahoo.frNeufchâteau
Phone
+32472359152Neufchâteau
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898497934
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.