SHELLBERRY
ActiveSHELLBERRY has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €-6k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 40% of 8636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+3
Solvency66▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 14.69 against 1.85 in 2024; short-term debt: 0.2% and cash: 1.6% of total assets), but 58.6% 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 →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
25 d late
2023
21 d late
2022
30 d late
2021
18 d late
2020
26 d late
2019
47 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€165k▼ 3.8%
2024 · €171k
2018: €188k
2019: €192k
2020: €192k
2021: €200k
2022: €200k
2023: €187k
2024: €171k
2018 → 2025
Total assets
€397k▼ 0.4%
2024 · €399k
2018: €283k
2019: €269k
2020: €270k
2021: €302k
2022: €303k
2023: €385k
2024: €399k
2018 → 2025
Net result
€-6k▲ 59.7%
2024 · €-16k
2018: €-12k
2019: €4k
2020: €-26
2021: €8k
2022: €-97
2023: €-13k
2024: €-16k
2018 → 2025
Working capital
€9k▲ 122%
2024 · €4k
2018: €-90k
2019: €-72k
2020: €17k
2021: €-6k
2022: €4k
2023: €10k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€200k=€187k▼ 6.5%€171k▼ 8.6%€165k▼ 3.8%
Operating result€18k-€3k▼ 85.5%€-13k€-15k▼ 21.3%€-6k▲ 60.7%
Net result€8k-€-97€-13k▼ 13,437%€-16k▼ 22.5%€-6k▲ 59.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397k
Fixed assets
€388k▼ 0.6%
Current assets
€9k▲ 9.2%
Equity and liabilities €397k
Equity
€165k▼ 3.8%
Debt
€233k▲ 2.2%
The debt ratio rises from 57.2% to 58.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17k▲
2024 · €7k
Cash flow
€17k▲
2024 · €7k
Solvency
41.4%▼
2024 · 42.8%
Current ratio
14.69▲
2024 · 1.85
Quick ratio
14.69▲
2024 · 1.85
Debt / equity
1.42▲
2024 · 1.33
ROE
-3.9%▲
2024 · -9.4%
ROA
-1.6%▲
2024 · -4.0%
Interest coverage
40.13▲
2024 · 10.85
Debt
€233k▲
2024 · €228k
Debt ≤ 1 year
€643▼
2024 · €5k
Debt > 1 year
€229k▲
2024 · €220k
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€399k€397k▼
Fixed assets21/28€390k€388k▼
Tangible fixed assets22/27€390k€388k▼
Land and buildings22€335k€351k▲
Other tangible fixed assets26€55k€37k▼
Financial fixed assets28€2€2=
Current assets29/58€9k€9k▲
Amounts receivable within one year40/41€6k€3k▼
Trade receivables40€4k-
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€399k€397k▼
Equity10/15€171k€165k▼
Contributions10/11€20k€20k=
Reserves13€132k€132k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€130k€130k=
Profit (loss) carried forward14€19k€12k▼
Amounts payable17/49€228k€233k▲
Amounts payable after more than one year17€220k€229k▲
Other amounts payable178/9€220k€229k▲
Amounts payable within one year42/48€5k€643▼
Trade debts44€5k€643▼
Suppliers440/4€5k€643▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€6k-
Gross operating margin9900€17k€21k▲
Operating profit (loss)9901€-15k€-6k▲
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€671€432▼
Recurring financial charges65€668€432▼
Non-recurring financial charges66B€3-
Profit (loss) for the period before taxes9903€-16k€-6k▲
Income taxes67/77€1-
Profit (loss) for the period9904€-16k€-6k▲
Profit (loss) for the period to be appropriated9905€-16k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€12k▼
Profit (loss) brought forward from the previous period14P€35k€19k▼
The notes to these accounts (7 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Liquidity times 8current ratio 14.69
Current ratio from 1.85 to 14.69; short-term debt falls from €5k to €643.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.30
Current ratio from 0.61 to 1.30; short-term debt falls from €14k to €12k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Equity above €200kEq €200k ▲4.2%
Equity rises from €192k to €200k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Liquidity times 126current ratio 3.39
Current ratio from 0.03 to 3.39; short-term debt falls from €74k to €7k.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 150 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Kraainem · 1 establishment unit since 2000
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.
Grasmussenlaan 111950 KraainemGround area
525 m²
Building footprint
115 m²
Volume, LiDAR
642 m³
Parcel 22002A0334/00D002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grasmussenlaan 11, 1950 Kraainem
since 20002.099.561.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002A0334/00D002 | Flanders | 525 m² | 1 · 115 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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LIBRETT
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Aval Consult
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MANH
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,568. 40,725 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-10-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.