SHELLSER
ActiveSummary
The computed 12-month bankruptcy probability of SHELLSER is 3.9% (moderate). For SHELLSER, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€11,820) and a net result of €17,618. Equity is growing by ~9.2% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability98▲+38
Solvency9▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-15.7%
Return on assets
23.4%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-07-2024, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
on the day
2022
209 d late
2021
121 d late
2020
396 d late
2019
761 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 297 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€25,720
EBIT margin
29.8%
Net result
€17,618
2022 · -€957
Working capital
-€72,616▲ 8.9%
2022 · -€79,667
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover
Operating result€5,212▼ 32.0%-€2,641€8,022€262▼ 96.7%€20,517▲ 7,743%
Net result€2,907▼ 42.0%-€4,608€6,429-€957€17,618
EBIT margin
Equity-€30,302▲ 8.8%-€34,910▼ 15.2%-€28,480▲ 18.4%-€29,438▼ 3.4%-€11,820▲ 59.8%
Total assets€90,288▼ 5.8%€93,639▲ 3.7%€87,804▼ 6.2%€80,242▼ 8.6%€75,227▼ 6.3%
Debt€120,590▼ 6.6%€128,549▲ 6.6%€116,284▼ 9.5%€109,680▼ 5.7%€87,046▼ 20.6%
Working capital-€51,139▼ 13.7%-€65,168▼ 27.4%-€68,533▼ 5.2%-€79,667▼ 16.2%-€72,616▲ 8.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 7,743% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €75,227
Fixed assets
€65,000 ▼ 8.5%
Current assets
€10,227 ▲ 10.7%
Key figures and ratios
EBITDA
€26,517▲
2022 · €6,262
Cash flow
€23,618▲
2022 · €5,043
Solvency
-15.7%▲
2022 · -36.7%
Current ratio
0.12▲
2022 · 0.10
Debt to equity
-7.36▼
2022 · -3.73
ROA
23.4%▲
2022 · -1.2%
Interest coverage
31.58▲
2022 · 5.14
Debt ≤ 1 year
€82,842▼
2022 · €88,909
Debt > 1 year
€4,204▼
2022 · €20,771
Income taxes
€2,059
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Other operating charges640/8 | €3,873 | €5,360 | €8,756 | €6,971 | €6,020 | ▼ 13.6% |
| Gross operating margin9900 | €15,084 | €8,719 | €22,778 | €13,233 | €32,537 | ▲ 146% |
| Operating profit (loss)9901 | €5,212 | -€2,641 | €8,022 | €262 | €20,517 | ▲ 7,743% |
| Financial charges65/66B | €2,305 | €1,967 | €1,592 | €1,219 | €840 | ▼ 31.1% |
| Recurring financial charges65 | €2,305 | €1,967 | €1,592 | €1,219 | €840 | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €2,907 | -€4,608 | €6,429 | -€957 | €19,677 | ▲ 2,156% |
| Income taxes67/77 | - | - | - | - | €2,059 | - |
| Profit (loss) for the period9904 | €2,907 | -€4,608 | €6,429 | -€957 | €17,618 | ▲ 1,941% |
| Profit (loss) for the period to be appropriated9905 | €2,907 | -€4,608 | €6,429 | -€957 | €17,618 | ▲ 1,941% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,288 | €93,639 | €87,804 | €80,242 | €75,227 | ▼ 6.3% |
| Fixed assets21/28 | €89,000 | €83,000 | €77,000 | €71,000 | €65,000 | ▼ 8.5% |
| Tangible fixed assets22/27 | €89,000 | €83,000 | €77,000 | €71,000 | €65,000 | ▼ 8.5% |
| Land and buildings22 | €89,000 | €83,000 | €77,000 | €71,000 | €65,000 | ▼ 8.5% |
| Current assets29/58 | €1,288 | €10,639 | €10,804 | €9,242 | €10,227 | ▲ 10.7% |
| Cash at bank and in hand54/58 | €1,107 | €10,458 | €10,623 | €9,061 | €10,000 | ▲ 10.4% |
| Deferred charges and accrued income490/1 | €181 | €181 | €181 | €181 | €227 | ▲ 25.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,288 | €93,639 | €87,804 | €80,242 | €75,227 | ▼ 6.3% |
| Equity10/15 | -€30,302 | -€34,910 | -€28,480 | -€29,438 | -€11,820 | ▲ 59.8% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €6,100 | €6,100 | €6,100 | €6,100 | €6,100 | = |
| Profit (loss) carried forward14 | -€42,802 | -€47,410 | -€40,980 | -€41,938 | -€24,320 | ▲ 42.0% |
| Amounts payable17/49 | €120,590 | €128,549 | €116,284 | €109,680 | €87,046 | ▼ 20.6% |
| Amounts payable after more than one year17 | €68,163 | €52,742 | €36,947 | €20,771 | €4,204 | ▼ 79.8% |
| Financial debts170/4 | €68,163 | €52,742 | €36,947 | €20,771 | €4,204 | ▼ 79.8% |
| Amounts payable within one year42/48 | €52,427 | €75,807 | €79,337 | €88,909 | €82,842 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | €15,052 | €15,421 | €15,794 | €16,177 | €16,567 | ▲ 2.4% |
| Trade debts44 | - | - | €1,153 | €1,968 | €506 | ▼ 74.3% |
| Suppliers440/4 | - | - | €1,153 | €1,968 | €506 | ▼ 74.3% |
| Other amounts payable47/48 | €37,375 | €60,386 | €62,389 | €70,765 | €65,770 | ▼ 7.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,907 | -€4,608 | €6,429 | -€957 | €17,618 | ▲ 1,941% |
| + Depreciation and write-downs630 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Operating cash flow (approximation) | €8,907 | €1,392 | €12,429 | €5,043 | €23,618 | ▲ 368% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €9,351 | €165 | -€1,561 | €939 | ▲ 160% |
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
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
25-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 209 days late
2023
31-12
Financial
Back to profitnet €17,618
Net result €17,618 after one loss-making year.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 121 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 396 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 761 days late
2021
31-12
Financial
Back to profitnet €6,429
Net result €6,429 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€4,608
Net result drops to -€4,608, the lowest in the series; recovery starts the following year.
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Etterbeek · 1 establishment unit since 2014
Ground area
223 m²
Building footprint
117 m²
Volume, LiDAR
1,994 m³
Parcel 21362B0286/00K009, Brussels · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SHELLSER
since 20142.239.405.940
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0286/00K009 | Brussels | 223 m² | 1 · 117 m² | 20.5 m · 6 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 formPrivate limited company
Founded04-11-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.