Shellter
ActiveShellter has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €-22k. Equity is shrinking by ~27.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 65% of 2273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency84▼-16
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 4.38 in 2024; short-term debt: 40.5% and cash: 34.9% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
59.5%
Return on assets
-44.2%
Age of the figures
9 mo
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
22232425
2022 to 2025 · latest year €-22k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 4 filingsDeviation from the deadline
2025
20 d late
2024
31 d late
2023
40 d early
2022
31 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€29k▼ 42.6%
2024 · €51k
2022: €70k
2023: €70k
2024: €51k
2022 → 2025
Total assets
€49k▼ 22.9%
2024 · €64k
2022: €109k
2023: €83k
2024: €64k
2022 → 2025
Net result
€-22k▼ 12.2%
2024 · €-19k
2022: €67k
2023: €173
2024: €-19k
2022 → 2025
Working capital
€22k▼ 50.1%
2024 · €43k
2022: €70k
2023: €63k
2024: €43k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€70k-€70k▲ 0.2%€51k▼ 27.5%€29k▼ 42.6%
Operating result€83k-€427▼ 99.5%€-19k€-22k▼ 12.7%
Net result€67k-€173▼ 99.7%€-19k€-22k▼ 12.2%
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 €22k in 2025 against €19k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€8k=
Current assets
€42k▼ 26.0%
Equity and liabilities €49k
Equity
€29k▼ 42.6%
Debt
€20k▲ 55.1%
The debt ratio rises from 20.1% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
59.5%▼
2024 · 79.9%
Current ratio
2.09▼
2024 · 4.38
Quick ratio
1.11▼
2024 · 4.38
Debt / equity
0.68▲
2024 · 0.25
ROE
-74.3%▼
2024 · -38.0%
ROA
-44.2%▼
2024 · -30.4%
Debt
€20k▲
2024 · €13k
Debt ≤ 1 year
€20k▲
2024 · €13k
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€64k€49k▼
Fixed assets21/28€8k€8k=
Financial fixed assets28€8k€8k=
Current assets29/58€56k€42k▼
Stocks and contracts in progress3-€19k
Contracts in progress37-€19k
Amounts receivable within one year40/41€44k€5k▼
Trade receivables40€21k€3k▼
Other amounts receivable41€23k€2k▼
Cash at bank and in hand54/58€12k€17k▲
Equity and liabilities
Total equity and liabilities10/49€64k€49k▼
Equity10/15€51k€29k▼
Contributions10/11€3k€3k=
Reserves13€48k€26k▼
Distributable reserves133€48k€26k▼
Amounts payable17/49€13k€20k▲
Amounts payable within one year42/48€13k€20k▲
Trade debts44€2k€12k▲
Suppliers440/4€2k€12k▲
Taxes, remuneration and social security45€3k€0▼
Taxes450/3€3k€0▼
Other amounts payable47/48€8k€8k=
Income statement
Code20242025
Other operating charges640/8€505€520▲
Gross operating margin9900€-19k€-21k▼
Operating profit (loss)9901€-19k€-22k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€152€68▼
Recurring financial charges65€152€68▼
Profit (loss) for the period before taxes9903€-19k€-22k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-19k€-22k▼
Profit (loss) for the period to be appropriated9905€-19k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-22k▼
Transfer from equity791/2€19k€22k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (3 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.84
Current ratio from 2.82 to 5.84; short-term debt falls from €39k to €13k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mol · 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.
Colburnlei 1142400 MolGround area
2,776 m²
Building footprint
165 m²
Volume, LiDAR
1,222 m³
Parcel 13025G0680/00C008, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Shellter
since 20212.324.167.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0680/00C008 | Flanders | 2,776 m² | 1 · 165 m² | 10.3 m · 3 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.
Similar companies · same sector, comparable size
NOVANTIS
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BeauBelge
BE 0680.495.085
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FEESTARCHITECT DOMINIQUE
BE 0885.946.233
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GLOBAL HEALTH SUPPORT
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Of 4,572 companies in sector 82300 we hold annual accounts for 1,671. 1,195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL
82300Organisation of conventions and trade shows
82990Other business support services
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.