SHENMEN
ActiveSummary
SHENMEN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €210,503 and a net result of €15,352. Equity is growing by ~11.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 7.69 against 4.08 in 2023; short-term debt: 12.9% and cash: 4.1% of total assets), and 13% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
29 d late
2022
4 d early
2021
11 d late
2020
31 d early
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 16 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 2024, micro schema
Equity
€210,503▲ 7.9%
2023 · €195,150
Total assets
€241,912▼ 6.2%
2023 · €257,802
Net result
€15,352▼ 21.7%
2023 · €19,606
Working capital
€208,790▲ 8.3%
2023 · €192,715
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,511▼ 3.8%€31,290▲ 22.7%€19,726▼ 37.0%€28,750▲ 45.8%€38,776▲ 34.9%
Net result€14,985▼ 1.3%€20,253▲ 35.2%€13,159▼ 35.0%€19,606▲ 49.0%€15,352▼ 21.7%
Equity€142,132▲ 11.8%€162,385▲ 14.2%€175,545▲ 8.1%€195,150▲ 11.2%€210,503▲ 7.9%
Total assets€183,503▲ 15.8%€215,329▲ 17.3%€225,216▲ 4.6%€257,802▲ 14.5%€241,912▼ 6.2%
Debt€41,371▲ 32.3%€52,943▲ 28.0%€49,671▼ 6.2%€62,651▲ 26.1%€31,409▼ 49.9%
Working capital€141,603▲ 12.1%€160,597▲ 13.4%€172,572▲ 7.5%€192,715▲ 11.7%€208,790▲ 8.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 35% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €241,912
Fixed assets
€1,905 ▼ 21.9%
Current assets
€240,007 ▼ 6.0%
Equity and liabilities €241,912
Equity
€210,503 ▲ 7.9%
Debt
€31,409 ▼ 49.9%
Debt's share of the balance-sheet total falls from 24.3% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,310▲
2023 · €29,284
Cash flow
€15,887▼
2023 · €20,140
Current ratio
7.69▲
2023 · 4.08
Debt to equity
0.15▼
2023 · 0.32
ROE
7.3%▼
2023 · 10.0%
ROA
6.3%▼
2023 · 7.6%
Interest coverage
108.54▲
2023 · 7.42
Debt ≤ 1 year
€31,218▼
2023 · €62,648
Income taxes
€8,111▼
2023 · €10,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €325 | €488 | €661 | €534 | €534 | = |
| Other operating charges640/8 | - | €724 | €794 | €799 | €817 | ▲ 2.3% |
| Gross operating margin9900 | €26,569 | €32,503 | €21,181 | €30,083 | €40,127 | ▲ 33.4% |
| Operating profit (loss)9901 | €25,511 | €31,290 | €19,726 | €28,750 | €38,776 | ▲ 34.9% |
| Financial income75/76B | - | €2,004 | €1,912 | €5,231 | €203 | ▼ 96.1% |
| Recurring financial income75 | €11 | €2,004 | €1,912 | €5,231 | €203 | ▼ 96.1% |
| Financial charges65/66B | - | €2,391 | €1,610 | €3,948 | €15,515 | ▲ 293% |
| Recurring financial charges65 | €1,461 | €2,391 | €1,610 | €3,948 | €362 | ▼ 90.8% |
| Non-recurring financial charges66B | - | - | - | - | €15,153 | - |
| Profit (loss) for the period before taxes9903 | €22,827 | €30,903 | €20,028 | €30,034 | €23,464 | ▼ 21.9% |
| Income taxes67/77 | €7,842 | €10,650 | €6,868 | €10,428 | €8,111 | ▼ 22.2% |
| Profit (loss) for the period9904 | €14,985 | €20,253 | €13,159 | €19,606 | €15,352 | ▼ 21.7% |
| Transfer from tax-exempt reserves789 | - | €1,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14,985 | €21,753 | €13,159 | €19,606 | €15,352 | ▼ 21.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,503 | €215,329 | €225,216 | €257,802 | €241,912 | ▼ 6.2% |
| Fixed assets21/28 | €529 | €1,789 | €2,973 | €2,439 | €1,905 | ▼ 21.9% |
| Tangible fixed assets22/27 | €529 | €1,789 | €2,973 | €2,439 | €1,905 | ▼ 21.9% |
| Plant, machinery and equipment23 | - | €1,585 | €1,236 | €886 | €536 | ▼ 39.5% |
| Furniture and vehicles24 | - | €204 | €1,738 | €1,553 | €1,368 | ▼ 11.9% |
| Current assets29/58 | €182,974 | €213,540 | €222,243 | €255,363 | €240,007 | ▼ 6.0% |
| Amounts receivable within one year40/41 | €2,650 | €2,650 | €3,150 | €7,750 | €14,055 | ▲ 81.4% |
| Trade receivables40 | - | - | - | - | €643 | - |
| Other amounts receivable41 | - | €2,650 | €3,150 | €7,750 | €13,411 | ▲ 73.1% |
| Current investments50/53 | €103,937 | €152,934 | €173,928 | €215,588 | €215,588 | = |
| Cash at bank and in hand54/58 | €75,897 | €57,466 | €44,675 | €31,524 | €9,859 | ▼ 68.7% |
| Deferred charges and accrued income490/1 | - | €490 | €490 | €501 | €506 | ▲ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,503 | €215,329 | €225,216 | €257,802 | €241,912 | ▼ 6.2% |
| Equity10/15 | €142,132 | €162,385 | €175,545 | €195,150 | €210,503 | ▲ 7.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €135,932 | €156,185 | €169,345 | €188,950 | €204,303 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €154,325 | €167,485 | €188,950 | €204,303 | ▲ 8.1% |
| Amounts payable17/49 | €41,371 | €52,943 | €49,671 | €62,651 | €31,409 | ▼ 49.9% |
| Amounts payable within one year42/48 | €41,371 | €52,943 | €49,671 | €62,648 | €31,218 | ▼ 50.2% |
| Trade debts44 | €850 | €1,586 | €1,397 | €1,840 | €1,930 | ▲ 4.9% |
| Suppliers440/4 | - | €1,586 | €1,397 | €1,840 | €1,930 | ▲ 4.9% |
| Taxes, remuneration and social security45 | - | €650 | - | - | - | - |
| Taxes450/3 | - | €650 | - | - | - | - |
| Other amounts payable47/48 | - | €50,707 | €48,275 | €60,808 | €29,287 | ▼ 51.8% |
| Accrued charges and deferred income492/3 | - | - | - | €3 | €192 | ▲ 5,950% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,985 | €20,253 | €13,159 | €19,606 | €15,352 | ▼ 21.7% |
| + Depreciation and write-downs630 | €325 | €488 | €661 | €534 | €534 | = |
| Operating cash flow (approximation) | €15,310 | €20,742 | €13,821 | €20,140 | €15,887 | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | -€1,748 | -€1,846 | €0 | €0 | - |
| Change in cash | - | -€18,431 | -€12,791 | -€13,151 | -€21,665 | ▼ 64.7% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €200,000Eq €210,503 ▲7.9%
7 profitable years in a row build equity to €210,503.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Highest result since 2018net €20,253 ▲35.2%
Net result €20,253, the highest in the series.
31-12
Financial
Equity above €150,000Eq €162,385 ▲14.2%
4 profitable years in a row build equity to €162,385.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 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, Leopoldsburg · 1 establishment unit since 1999
Ground area
2,147 m²
Building footprint
222 m²
Volume, LiDAR
1,097 m³
Parcel 71034A4047/00A000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SHENMEN
since 19992.304.759.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A4047/00A000 | Flanders | 2,147 m² | 1 · 222 m² | 7.9 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600IFUSGIGU8N2B04
Identification & contact
Identification
Legal formPrivate limited company
Founded31-12-1999
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469229877
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.