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SHIBAPRO

Active
Private limited companyfounded 20214 yrs activeLt. Graffplein 15, 1780 Wemmel, BelgiumKBO/BCE: BE 0775.926.952
Summary

The computed 12-month bankruptcy probability of SHIBAPRO is 2.0% (moderate). The 2025 annual accounts show equity of €73,630 and a net result of €8,421. Equity is growing by ~38.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 28374 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 7.68 against 4.71 in 2024; short-term debt: 13% and cash: 11% of total assets), and 13% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
87%
Return on assets
10%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 filings
Deviation from the deadline
2025
25 d late
2024
16 d late
2023
22 d late
2022
16 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 20 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 19 October 2021, SHIBAPRO was incorporated as a Private limited company.1 Total assets went from EUR 28,756 in 2022 to EUR 84,630 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€73,630▲ 12.9%
2024 · €65,209
Total assets
€84,630▲ 2.9%
2024 · €82,209
Net result
€8,421▼ 65.7%
2024 · €24,574
Working capital
€73,440▲ 16.4%
2024 · €63,072
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€25,847-€30,850▲ 19.4%€25,141▼ 18.5%€5,244▼ 79.1%
Net result€26,756within the sector's middle half-€30,879above the sector's middle half▲ 15.4%€24,574within the sector's middle half▼ 20.4%€8,421within the sector's middle half▼ 65.7%
Equity€16,756below the sector's middle half-€42,635within the sector's middle half▲ 154%€65,209within the sector's middle half▲ 52.9%€73,630within the sector's middle half▲ 12.9%
Total assets€28,756below the sector's middle half-€59,687below the sector's middle half▲ 108%€82,209within the sector's middle half▲ 37.7%€84,630within the sector's middle half▲ 2.9%
Debt€12,000-€17,052▲ 42.1%€17,000▼ 0.3%€11,000▼ 35.3%
Working capital€13,081within the sector's middle half-€39,233within the sector's middle half▲ 200%€63,072within the sector's middle half▲ 60.8%€73,440within the sector's middle half▲ 16.4%
Solvency58.3%within the sector's middle half-71.4%above the sector's middle half▲ 13.2pp79.3%above the sector's middle half▲ 7.9pp87.0%above the sector's middle half▲ 7.7pp
Current ratio2.09within the sector's middle half-3.30above the sector's middle half▲ 1.214.71above the sector's middle half▲ 1.417.68above the sector's middle half▲ 2.97
Return on assets (ROA)93.0%above the sector's middle half-51.7%above the sector's middle half▼ 41.3pp29.9%above the sector's middle half▼ 21.8pp10.0%within the sector's middle half▼ 19.9pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €25,847€25,847Net result 2022: €26,756€26,756Operating result 2023: €30,850€30,850Net result 2023: €30,879€30,879Operating result 2024: €25,141€25,141Net result 2024: €24,574€24,574Operating result 2025: €5,244€5,244Net result 2025: €8,421€8,4212022202320242025€0€10,000€20,000€30,000Operating result 2023: €30,850€30,800Net result 2023: €30,879€30,900Operating result 2024: €25,141€25,100Net result 2024: €24,574€24,600Operating result 2025: €5,244€5,240Net result 2025: €8,421€8,420202320242025
The operating result has fallen two years in a row; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,630
Fixed assets €191 ▼ 91.1%
Current assets €84,440 ▲ 5.5%
Equity and liabilities €84,630
Equity €73,630 ▲ 12.9%
Debt €11,000 ▼ 35.3%
Debt's share of the balance-sheet total falls from 20.7% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,171▼
2024 · €26,407
Cash flow
€10,348▼
2024 · €25,839
Debt to equity
0.15▼
2024 · 0.26
ROE
11.4%▼
2024 · 37.7%
Interest coverage
43.52▼
2024 · 172.29
Debt ≤ 1 year
€11,000▼
2024 · €17,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€82,209€84,630▲
Fixed assets21/28€2,137€191▼
Tangible fixed assets22/27€2,137€191▼
Furniture and vehicles24€2,137€191▼
Current assets29/58€80,072€84,440▲
Amounts receivable within one year40/41€66,733€75,163▲
Other amounts receivable41€66,733€75,163▲
Cash at bank and in hand54/58€13,339€9,276▼
Equity and liabilities
Total equity and liabilities10/49€82,209€84,630▲
Equity10/15€65,209€73,630▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€63,209€71,630▲
Amounts payable17/49€17,000€11,000▼
Amounts payable within one year42/48€17,000€11,000▼
Other amounts payable47/48€17,000€11,000▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,266€1,926▲
Other operating charges640/8€570€405▼
Gross operating margin9900€26,977€7,576▼
Operating profit (loss)9901€25,141€5,244▼
Financial income75/76B€2,662€3,342▲
Recurring financial income75€2,662€3,342▲
Financial charges65/66B€153€165▲
Recurring financial charges65€153€165▲
Profit (loss) for the period before taxes9903€27,650€8,421▼
Income taxes67/77€3,077-
Profit (loss) for the period9904€24,574€8,421▼
Profit (loss) for the period to be appropriated9905€24,574€8,421▼
Appropriation of the result
Profit (loss) to be appropriated9906€65,209€71,630▲
Profit (loss) brought forward from the previous period14P€40,635€63,209▲
Profit to be distributed694/7€2,000-
Directors or managers695€2,000-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€709----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,225€1,701€1,266€1,926▲ 52.2%
Other operating charges640/8€762€43€570€405▼ 28.9%
Gross operating margin9900€28,544€32,594€26,977€7,576▼ 71.9%
Operating profit (loss)9901€25,847€30,850€25,141€5,244▼ 79.1%
Financial income75/76B€909€1,170€2,662€3,342▲ 25.5%
Recurring financial income75€909€1,170€2,662€3,342▲ 25.5%
Financial charges65/66B-€1,141€153€165▲ 7.5%
Recurring financial charges65-€1,141€153€165▲ 7.5%
Profit (loss) for the period before taxes9903€26,756€30,879€27,650€8,421▼ 69.5%
Income taxes67/77--€3,077--
Profit (loss) for the period9904€26,756€30,879€24,574€8,421▼ 65.7%
Profit (loss) for the period to be appropriated9905€26,756€30,879€24,574€8,421▼ 65.7%
Line2022202320242025Change
Assets
Total assets20/58€28,756€59,687€82,209€84,630▲ 2.9%
Fixed assets21/28€3,675€3,403€2,137€191▼ 91.1%
Tangible fixed assets22/27€3,675€3,403€2,137€191▼ 91.1%
Furniture and vehicles24€3,675€3,403€2,137€191▼ 91.1%
Current assets29/58€25,081€56,284€80,072€84,440▲ 5.5%
Amounts receivable within one year40/41€17,593€44,226€66,733€75,163▲ 12.6%
Other amounts receivable41€17,593€44,226€66,733€75,163▲ 12.6%
Cash at bank and in hand54/58€7,488€12,058€13,339€9,276▼ 30.5%
Equity and liabilities
Total equity and liabilities10/49€28,756€59,687€82,209€84,630▲ 2.9%
Equity10/15€16,756€42,635€65,209€73,630▲ 12.9%
Contributions10/11€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14€14,756€40,635€63,209€71,630▲ 13.3%
Amounts payable17/49€12,000€17,052€17,000€11,000▼ 35.3%
Amounts payable within one year42/48€12,000€17,052€17,000€11,000▼ 35.3%
Taxes, remuneration and social security45-€52---
Taxes450/3-€52---
Other amounts payable47/48€12,000€17,000€17,000€11,000▼ 35.3%
Line2022202320242025Change
Profit (loss) for the period9904€26,756€30,879€24,574€8,421▼ 65.7%
+ Depreciation and write-downs630€1,225€1,701€1,266€1,926▲ 52.2%
Operating cash flow (approximation)€27,981€32,581€25,839€10,348▼ 60.0%
Investment in fixed assets (approximation)--€1,429€0€20-
Change in cash-€4,570€1,281-€4,063▼ 417%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial Weakest financial yearnet €8,421 ▼65.7%
Net result drops to €8,421, the lowest in the series.
16-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
22-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial Highest result since 2022net €30,879 ▲15.4%
Operating result €30,850, net result €30,879, both a record.
16-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wemmel
exact location from the address register On OpenStreetMap
Ground area
147 m²
Building footprint
144 m²
Volume, LiDAR
1,543 m³
Parcel 22662B0387/00R004, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
472 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22662B0387/00R004 Flanders 147 m² 1 · 144 m² 14.9 m · 4 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.

Similar companies · same sector, comparable size

Of 3,959 companies in this sector we hold annual accounts for 1,788. 1,559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded19-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
Contact
E-mail tohamohammed@libero.it
E-invoicing
Reachable via Peppol
Peppol ID 0208:0775926952
Registered 12-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.