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SHILLING

Active
Private limited companyfounded 20188 yrs activeGraaf van Egmontstraat 60, 2000 Antwerpen, BelgiumKBO/BCE: BE 0695.433.382
Summary

SHILLING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-112k) and a net result of €-43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8048 sector peers (2025).
NBB · sector comparison
Position among 8048 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
1 d early
2024
29 d late
2023
26 d late
2022
66 d late
2021
288 d late
2020
598 d late
2019
353 d late
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
26-09-2026 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

SHILLING was incorporated on 24 April 2018.1 Total assets fell from EUR 152,651 in 2019 to EUR 128,494 in 2025 and headcount from 11.9 to 8.6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€-112k▼ 61.1%
2024 · €-70k
Net result
€-43k▲ 14.3%
2024 · €-50k
Total assets
€128k▼ 8.7%
2024 · €141k
Solvency
-87.5%▼ 37.9pp
2024 · -49.6%
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
Line20212022202320242025
Operating result€45k€-69k€54k€-37k€-28k▲ 24.7%
Net result€39k€-77k€25k€-50k€-43k▲ 14.3%
Equity€33k€-45k€-20k▲ 55.1%€-70k▼ 248%€-112k▼ 61.1%
Total assets€267k▲ 86.5%€267k=€170k▼ 36.4%€141k▼ 17.0%€128k▼ 8.7%
Debt€234k▲ 56.8%€311k▲ 33.1%€190k▼ 39.0%€211k▲ 11.0%€241k▲ 14.4%
Working capital€-77k€-165k▼ 114%€-74k▲ 55.1%€-116k▼ 56.8%€-154k▼ 32.8%
Solvency12.3%▲ 16.6pp-16.7%▼ 29.1pp-11.8%▲ 4.9pp-49.6%▼ 37.8pp-87.5%▼ 37.9pp
Staff (FTE)8.8▲ 7.3%10.5▲ 19.3%9.4▼ 10.5%9.5▲ 1.1%8.6▼ 9.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-100k€-50k€0€50kOperating result 2021: €45k€45kNet result 2021: €39k€39kOperating result 2022: €-69k€-69kNet result 2022: €-77k€-77kOperating result 2023: €54k€54kNet result 2023: €25k€25kOperating result 2024: €-37k€-37kNet result 2024: €-50k€-50kOperating result 2025: €-28k€-28kNet result 2025: €-43k€-43k20212022202320242025€-50k€0€50kOperating result 2023: €54k€54kNet result 2023: €25k€25kOperating result 2024: €-37k€-37kNet result 2024: €-50k€-50kOperating result 2025: €-28k€-28kNet result 2025: €-43k€-43k202320242025
The operating result stays negative: a loss of €28k in 2025 against €37k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets €61k ▼ 13.4%
Current assets €68k ▼ 4.1%
Key figures and ratios
2025 value · change against 2024
ROA
-33.2%▲
2024 · -35.3%
Debt ≤ 1 year
€222k▲
2024 · €187k
Debt > 1 year
€14k▼
2024 · €19k
Income taxes
€0▼
2024 · €140
Staff costs
€460k▲
2024 · €417k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€141k€128k▼
Fixed assets21/28€70k€61k▼
Tangible fixed assets22/27€70k€61k▼
Plant, machinery and equipment23€23k€23k▲
Furniture and vehicles24€6k€2k▼
Other tangible fixed assets26€41k€35k▼
Current assets29/58€71k€68k▼
Stocks and contracts in progress3€12k€12k▼
Stocks30/36€12k€12k▼
Amounts receivable within one year40/41€40k€19k▼
Trade receivables40€19k€19k▼
Other amounts receivable41€21k€0▼
Cash at bank and in hand54/58€16k€34k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€141k€128k▼
Equity10/15€-70k€-112k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-76k€-119k▼
Amounts payable17/49€211k€241k▲
Amounts payable after more than one year17€19k€14k▼
Financial debts170/4€15k€10k▼
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€187k€222k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€117€159▲
Credit institutions430/8€117€159▲
Trade debts44€105k€97k▼
Suppliers440/4€105k€97k▼
Taxes, remuneration and social security45€70k€97k▲
Taxes450/3€40k€58k▲
Remuneration and social security454/9€29k€39k▲
Other amounts payable47/48€7k€22k▲
Accrued charges and deferred income492/3€5k€5k▲
Income statement Code20242025
Non-recurring operating income76A€0€5k▲
Remuneration, social security and pensions62€417k€460k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼
Other operating charges640/8€14k€4k▼
Non-recurring operating charges66A€365€889▲
Gross operating margin9900€415k€457k▲
Operating profit (loss)9901€-37k€-28k▲
Financial income75/76B€1k€257▼
Recurring financial income75€1k€257▼
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€-50k€-43k▲
Income taxes67/77€140€0▼
Profit (loss) for the period9904€-50k€-43k▲
Profit (loss) for the period to be appropriated9905€-50k€-43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-76k€-119k▼
Profit (loss) brought forward from the previous period14P€-26k€-76k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€9k€0€13k€0€5k-
Remuneration, social security and pensions62€246k€377k€334k€417k€460k▲ 10.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€34k€19k€20k€20k▼ 1.8%
Other operating charges640/8€5k€14k€7k€14k€4k▼ 68.6%
Non-recurring operating charges66A---€365€889▲ 143%
Gross operating margin9900€321k€356k€415k€415k€457k▲ 10.3%
Operating profit (loss)9901€45k€-69k€54k€-37k€-28k▲ 24.7%
Financial income75/76B€316€973€981€1k€257▼ 82.4%
Recurring financial income75€316€973€981€1k€257▼ 82.4%
Financial charges65/66B€6k€10k€16k€14k€15k▲ 6.6%
Recurring financial charges65€6k€10k€16k€14k€15k▲ 6.6%
Profit (loss) for the period before taxes9903€39k€-78k€39k€-50k€-43k▲ 14.1%
Income taxes67/77€0€-236€15k€140€0▼ 100%
Profit (loss) for the period9904€39k€-77k€25k€-50k€-43k▲ 14.3%
Profit (loss) for the period to be appropriated9905€39k€-77k€25k€-50k€-43k▲ 14.3%
Line20212022202320242025Change
Assets
Total assets20/58€267k€267k€170k€141k€128k▼ 8.7%
Fixed assets21/28€146k€124k€83k€70k€61k▼ 13.4%
Intangible fixed assets21€6k€1k€0---
Tangible fixed assets22/27€140k€123k€83k€70k€61k▼ 13.4%
Plant, machinery and equipment23€8k€7k€19k€23k€23k▲ 3.0%
Furniture and vehicles24€72k€60k€14k€6k€2k▼ 65.5%
Other tangible fixed assets26€60k€56k€50k€41k€35k▼ 14.2%
Current assets29/58€121k€142k€87k€71k€68k▼ 4.1%
Amounts receivable after more than one year29€8k€5k€0---
Other amounts receivable291€8k€5k€0---
Stocks and contracts in progress3€5k€13k€10k€12k€12k▼ 3.9%
Stocks30/36€5k€13k€10k€12k€12k▼ 3.9%
Amounts receivable within one year40/41€40k€31k€63k€40k€19k▼ 53.4%
Trade receivables40€16k€8k€35k€19k€19k▼ 2.0%
Other amounts receivable41€24k€24k€28k€21k€0▼ 100%
Cash at bank and in hand54/58€66k€32k€12k€16k€34k▲ 112%
Deferred charges and accrued income490/1€3k€61k€2k€2k€3k▲ 61.3%
Equity and liabilities
Total equity and liabilities10/49€267k€267k€170k€141k€128k▼ 8.7%
Equity10/15€33k€-45k€-20k€-70k€-112k▼ 61.1%
Contributions10/11€6k€6k€6k€6k€6k=
Profit (loss) carried forward14€27k€-51k€-26k€-76k€-119k▼ 56.1%
Amounts payable17/49€234k€311k€190k€211k€241k▲ 14.4%
Amounts payable after more than one year17€36k€4k€29k€19k€14k▼ 26.5%
Financial debts170/4€30k€0€25k€15k€10k▼ 33.6%
Other amounts payable178/9€6k€4k€4k€4k€4k=
Amounts payable within one year42/48€198k€307k€161k€187k€222k▲ 18.8%
Current portion of amounts payable after more than one year42€32k€30k€0€5k€5k▲ 5.4%
Financial debts43€2k€6k€117€117€159▲ 35.9%
Credit institutions430/8€2k€6k€117€117€159▲ 35.9%
Trade debts44€111k€133k€87k€105k€97k▼ 7.4%
Suppliers440/4€111k€133k€87k€105k€97k▼ 7.4%
Taxes, remuneration and social security45€49k€129k€67k€70k€97k▲ 38.8%
Taxes450/3€19k€95k€40k€40k€58k▲ 42.5%
Remuneration and social security454/9€30k€34k€27k€29k€39k▲ 33.8%
Other amounts payable47/48€4k€10k€7k€7k€22k▲ 224%
Accrued charges and deferred income492/3-€329€0€5k€5k▲ 4.9%
Line20212022202320242025Change
Profit (loss) for the period9904€39k€-77k€25k€-50k€-43k▲ 14.3%
+ Depreciation and write-downs630€24k€34k€19k€20k€20k▼ 1.8%
Operating cash flow (approximation)€63k€-44k€44k€-29k€-23k▲ 23.1%
Investment in fixed assets (approximation)-€-12k€22k€-8k€-11k▼ 38.3%
Change in cash-€-33k€-20k€4k€18k▲ 396%

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
20-08
State Gazette act Resignations: HEISTERKAMP, Hermenegildo (manager) and VAN DER MEER, Eva (manager)
Reappointments: HEISTERKAMP, Hermenegildo (non-statutory director) and VAN DER MEER, Eva (non-statutory director) · Statutes amendment · Reserve release15 facts ▸
  • General meeting, 23-07-2026
  • Statutes amendment
  • Reserve release, Opheffing van de statutair onbeschikbare eigen vermogensrekening (gestort kapitaal + wettelijke reserve)
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Capital, €18.550
  • Director resignation, HEISTERKAMP, Hermenegildo (manager)
  • Director resignation, VAN DER MEER, Eva (manager)
  • Director reappointment, HEISTERKAMP, Hermenegildo (non-statutory director)
  • +3 further facts in this act
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial Back to profitnet €25k
Net result €25k after one loss-making year.
05-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
15-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 288 days late
21-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 598 days late
2021
31-12
Financial Back to profitnet €39k
Net result €39k after one loss-making year.
19-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 353 days late
2020
31-12
Financial Weakest financial yearnet €-142k
Net result drops to €-142k, the lowest in the series; recovery starts the following year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 directors, last change in 2026
HEISTERKAMP, Hermenegildo
Non-statutory director
Current
VAN DER MEER, Eva
Non-statutory director
Current
23-07-2026 HEISTERKAMP, Hermenegildo: Resigned as Manager
23-07-2026 VAN DER MEER, Eva: Resigned as Manager
See the board, name and seat on a given date →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
79 m²
Building footprint
79 m²
Volume, LiDAR
1,354 m³
Parcel 11811L3658/00A002, Flanders · tallest building 19.5 m, ±6 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SHILLING
Graaf van Egmontstraat 60, 2000 AntwerpenManufacture of food products
since 20182.275.672.359
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3658/00A002 Flanders 79 m² 1 · 79 m² 19.5 m · 6 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.

Articles of association

Purpose
De uitbating van een horecabedrijf meer bepaald het uitbaten van een restaurant, brasserie, taverne, café, ijssalon, verbruikssalon, broodjeszaak, frituur, snackbar, pizzeria…
Full purpose

De uitbating van een horecabedrijf meer bepaald het uitbaten van een restaurant, brasserie, taverne, café, ijssalon, verbruikssalon, broodjeszaak, frituur, snackbar, pizzeria, pitta-bar, feest- en vergaderzalen. Het aannemen van feesten en banketten zowel binnen- als buitenhuis. Het uitbaten en verhuren van feestzalen, traiteurdienst. De uitbating van dancings, discotheken, fuif- en concertzalen, privéclubs. De handel in het algemeen van wijnen, bieren, waters, sappen en alle andere dranken, koffie, thee en allerhande benodigdheden, materialen, materieel welke op voorgaande activiteiten betrekking hebben. De verhuur van allerlei horecamaterialen, -machines en –materieel. De verhuur van alle instrumenten, audio-, video- en lichtapparatuur, en -installaties alsmede de verhuur van videocassettes en –banden, CD's, grammafoonplaten, enzoverder. Het beheer en de uitbreiding van voor eigen rekening van een patrimonium bestaande uit roerende en onroerende goederen zowel in het binnenland als in het buitenland alsmede alle handelingen die daar rechtstreeks of onrechtstreeks verband mee houden of die van die aard zijn de opbrengst van haar goederen te bevorderen, zoals de aankoop en de verkoop, huur en verhuur, de ruiling of in het algemeen de verwerving of de overdracht van goederen zo roerende als onroerende, het onderhoud, de ontwikkeling, de verfraaiing en de verhuring van goederen, met uitzondering van die verrichtingen die verband houden met de normale activiteiten uitgeoefend door vastgoedmakelaars. De vennootschap mag ook de functie van zaakvoerder, bestuurder of vereffenaar van andere vennootschappen uitoefenen. Zij mag alle commerciële, financiële, industriële, roerende en onroerende handelingen doen die rechtstreeks of onrechtstreeks met haar voorwerp in verband staan of de verwezenlijking ervan kunnen vergemakkelijken; Zij mag zich door vereniging, fusie, inschrijving, participaties, financiële tussenkomst of om het even welke wijze interesseren in alle bestaande of op te richten vennootschappen, waarvan het voorwerp hetzelfde of verwant aan het hare zou zijn, of die van aard zijn haar activiteiten te bevorderen. Zij mag zich borgstellen voor derden evenals hypotheken verstrekken in voordeel van derden.

Structure & network

Connections & network

2 current directors
Depth

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Capital and shareholders

Capital over the years
  1. 20-08-2026 Capital stated in the act · 18,550 EUR · 100 shares

Recognitions · licences · registrations

Food safety, FASFC

1 site
Antwerpen2.275.672.359
1 permission
Toelating · Eetgelegenheid · since 03-07-2018

Similar companies · same sector, comparable size

Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 9,072 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
64210Activities of holding companies

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