SHENQI
ActiveSHENQI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-132k) and a net result of €-57k. Equity is shrinking by ~68.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-20
Solvency8▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.02 in 2024; short-term debt: 69.6% of total assets), 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 68
Relative position
BE, all sectors
reference
Sector 68
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
-17%
Return on assets
-7.3%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-132k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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 · 7 filingsDeviation from the deadline
2025
35 d late
2024
27 d late
2023
24 d late
2022
19 d late
2021
30 d late
2020
24 d late
2019
101 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, micro schema
Equity
€-132k▼ 76.1%
2024 · €-75k
2019: €37k
2020: €74k
2021: €54k
2022: €29k
2023: €-53k
2024: €-75k
2019 → 2025
Total assets
€776k▼ 7.6%
2024 · €840k
2019: €74k
2020: €103k
2021: €77k
2022: €589k
2023: €917k
2024: €840k
2019 → 2025
Net result
€-57k▼ 162%
2024 · €-22k
2019: €31k
2020: €37k
2021: €-20k
2022: €-25k
2023: €-82k
2024: €-22k
2019 → 2025
Working capital
€-531k▼ 3.1%
2024 · €-515k
2019: €36k
2020: €52k
2021: €16k
2022: €57k
2023: €-544k
2024: €-515k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€29k▼ 45.6%€-53k€-75k▼ 40.9%€-132k▼ 76.1%
Operating result€-20k-€-18k▲ 7.0%€-40k▼ 117%€-1k▲ 97.2%€-39k▼ 3,340%
Net result€-20k-€-25k▼ 24.5%€-82k▼ 234%€-22k▲ 73.6%€-57k▼ 162%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €776k
Fixed assets
€767k▼ 7.8%
Current assets
€9k▲ 7.3%
Key figures and ratios
EBITDA
€27k▼
2024 · €66k
Cash flow
€9k▼
2024 · €45k
Solvency
-17.0%▼
2024 · -8.9%
Current ratio
0.02▲
2024 · 0.02
Quick ratio
0.02▲
2024 · 0.02
Debt / equity
-6.89▲
2024 · -12.23
ROA
-7.3%▼
2024 · -2.6%
Interest coverage
1.52▼
2024 · 3.23
Debt
€907k▼
2024 · €915k
Debt ≤ 1 year
€540k▲
2024 · €523k
Debt > 1 year
€366k▼
2024 · €389k
Income taxes
€200▲
2024 · €163
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€840k€776k▼
Fixed assets21/28€832k€767k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€827k€764k▼
Land and buildings22€793k€741k▼
Furniture and vehicles24€14k€9k▼
Other tangible fixed assets26€21k€14k▼
Current assets29/58€8k€9k▲
Amounts receivable within one year40/41€8k€8k▲
Trade receivables40€8k€8k▲
Other amounts receivable41€0-
Deferred charges and accrued income490/1€446€624▲
Equity and liabilities
Total equity and liabilities10/49€840k€776k▼
Equity10/15€-75k€-132k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-83k€-140k▼
Amounts payable17/49€915k€907k▼
Amounts payable after more than one year17€389k€366k▼
Financial debts170/4€389k€366k▼
Amounts payable within one year42/48€523k€540k▲
Current portion of amounts payable after more than one year42€22k€23k▲
Financial debts43€871€22k▲
Credit institutions430/8€871€22k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€6k€4k▼
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€490k€477k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€66k▼
Other operating charges640/8€857€3k▲
Gross operating margin9900€67k€30k▼
Operating profit (loss)9901€-1k€-39k▼
Financial income75/76B€8€0▼
Recurring financial income75€8€0▼
Financial charges65/66B€20k€18k▼
Recurring financial charges65€20k€18k▼
Profit (loss) for the period before taxes9903€-22k€-57k▼
Income taxes67/77€163€200▲
Profit (loss) for the period9904€-22k€-57k▼
Profit (loss) for the period to be appropriated9905€-22k€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-140k▼
Profit (loss) brought forward from the previous period14P€-61k€-83k▼
The notes to these accounts (16 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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
31-12
Financial
Liquidity times 5current ratio 7.62
Current ratio from 1.69 to 7.62; short-term debt falls from €23k to €9k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2019net €37k ▲17.4%
Operating result €46k, net result €37k, both a record.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2018
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.
Cours Michel Woitrin 181348 Ottignies-Louvain-la-Neuve1 establishment unit
SHENQI
since 20182.277.914.148
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 2,517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2018
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
85599Other education
86909Human health activities
86995Nutrition and dietetics services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.