SHELVIN
ActiveSHELVIN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-350k) and a net result of €-212k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
12
/ 100
Critical▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency41▼-22
Growth32=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 1.84 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 →
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
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
-96.5%
Return on assets
-58.5%
Age of the figures
15 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€350k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-10-2025, 110 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
110 d early
2024
65 d early
2023
89 d early
2022
129 d early
2021
1 d early
2020
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-212k▼ 98.6%
2024 · €-107k
2020: €16k
2021: €-321
2022: €-14k
2023: €-52k
2024: €-107k
2020 → 2025
Working capital
€-9k
2024 · €38k
2020: €36k
2021: €36k
2022: €22k
2023: €-13k
2024: €38k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€22k▼ 39.7%€-31k€-138k▼ 348%€-350k▼ 154%
Operating result€66-€-14k€-52k▼ 271%€-107k▼ 103%€-212k▼ 98.8%
Net result€-321-€-14k▼ 4,340%€-52k▼ 267%€-107k▼ 104%€-212k▼ 98.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €212k in 2025 against €107k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€319k=
Current assets
€43k▼ 48.3%
Key figures and ratios
EBITDA
€-119k▼
2024 · €-56k
Cash flow
€-120k▼
2024 · €-57k
Solvency
-96.5%▼
2024 · -34.2%
Current ratio
0.82▼
2024 · 1.84
Quick ratio
0.82▼
2024 · 1.84
Debt / equity
-2.04▲
2024 · -3.93
ROE
60.7%▼
2024 · 77.7%
ROA
-58.5%▼
2024 · -26.5%
Interest coverage
-344.03▼
2024 · -162.01
Debt
€712k▲
2024 · €540k
Debt ≤ 1 year
€52k▲
2024 · €45k
Debt > 1 year
€660k▲
2024 · €495k
Staff costs
€34k▼
2024 · €35k
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€403k€363k▼
Fixed assets21/28€320k€319k=
Intangible fixed assets21€318k€318k=
Financial fixed assets28€2k€2k=
Current assets29/58€83k€43k▼
Amounts receivable within one year40/41€40k€28k▼
Trade receivables40€39k€25k▼
Other amounts receivable41€721€3k▲
Cash at bank and in hand54/58€42k€14k▼
Deferred charges and accrued income490/1€735€611▼
Equity and liabilities
Total equity and liabilities10/49€403k€363k▼
Equity10/15€-138k€-350k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-158k€-370k▼
Amounts payable17/49€540k€712k▲
Amounts payable after more than one year17€495k€660k▲
Other amounts payable178/9€495k€660k▲
Amounts payable within one year42/48€45k€52k▲
Trade debts44€41k€52k▲
Suppliers440/4€41k€52k▲
Taxes, remuneration and social security45€5k-
Remuneration and social security454/9€5k-
Income statement
Code20242025
Remuneration, social security and pensions62€35k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€92k▲
Other operating charges640/8€384€390▲
Gross operating margin9900€-21k€-85k▼
Operating profit (loss)9901€-107k€-212k▼
Financial income75/76B€50-
Recurring financial income75€50-
Financial charges65/66B€347€347=
Recurring financial charges65€347€347=
Profit (loss) for the period before taxes9903€-107k€-212k▼
Profit (loss) for the period9904€-107k€-212k▼
Profit (loss) for the period to be appropriated9905€-107k€-212k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-158k€-370k▼
Profit (loss) brought forward from the previous period14P€-51k€-158k▼
Social balance
Average headcount (FTE)90870.91.0▲
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Weakest financial yearnet €-212k
Net result drops to €-212k, the lowest in the series.
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Liquidity doublescurrent ratio 1.84
Current ratio from 0.82 to 1.84; short-term debt falls from €71k to €45k.
2023
03-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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 2019
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.
Witte Patersstraat 41040 EtterbeekGround area
3,170 m²
Building footprint
2,221 m²
Volume, LiDAR
21,757 m³
Parcel 21363B0348/00A002, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SHELVIN
since 20192.292.595.988
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00A002 | Brussels | 3,170 m² | 1 · 2,221 m² | 12.0 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.
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COPIN CONSULTING MANAGEMENT
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PRISTINE PLANET
BE 0880.235.012
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ImDeG
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PROCORP
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 31,361 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2019
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
62010Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.