Shine

Active

Private limited companyfounded 20242 yrs activeHoogstraat 16-18, 2000 Antwerpen, BelgiumKBO/BCE: BE 1014.508.845

Summary

The computed 12-month bankruptcy probability of Shine is 5.0% (elevated). The 2025 annual accounts show negative equity (-€36,770) and a net result of -€57,770. Its solvency ranks better than 15% of 16155 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

ShineActiveChecked score 35/100

Risk analysis Report Compare

Activity

Full-service restaurants

NACE 56111Full-service restaurants NACE 56101Limited-service restaurants, excluding mobile food services NACE 56112

1 site

Size

€93,284total assets 2025

Equity: -€36,770
Loss: -€57,770

Turnover not published (abridged schema)

Financial health

35 Weak Checked score 2025

Bankruptcy chance 12 m: 5.0%

Structure

Board: 1 member

Accounts filed 21 d late1 of 4 deeds read

Why 35- Sector Food and beverage service activities (NACE 56)- Founded in 2024- Negative equity -€36,770- Loss of €57,770 (FY 2025)Show the evidence

Checked score

Score 2025

35 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 11% of its sector peers (NACE 56, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 0

equity -39.4% of total assets

Liquidity 20

short-term debt 93.6% · cash 15.7%

Profitability 0

return on assets -61.9%

Bankruptcy probability, 12 months

5.0% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,692 companies)

Last 24 months 11-2025: 3.9%lowest value 12-2025: 4.0%▲ +2.3% vs 11-2025 01-2026: 4.4%▲ +9.6% vs 12-2025 02-2026: 4.6%▲ +3.3% vs 01-2026 03-2026: 4.9%▲ +7.1% vs 02-2026 04-2026: 4.9%● 0.0% vs 03-2026 05-2026: 5.3%▲ +8.9% vs 04-2026highest value 06-2026: 4.9%▼ -7.5% vs 05-2026 07-2026: 4.9%▼ -1.0% vs 06-2026 08-2026: 4.9%● 0.0% vs 07-2026 09-2026: 5.0%▲ +2.4% vs 08-2026 10-2026: 5.0%▼ -0.1% vs 09-2026

Sector Food and beverage service activities (NACE 56) raises the probability
Founded in 2024 raises the probability for this profile
Negative equity -€36,770 raises the probability
Loss of €57,770 (FY 2025) raises the probability

No credit on open account

Liquidity short (current ratio 0.21; short-term debt: 93.6% and cash: 15.7% of total assets), and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 9%, liquidity 16%, profitability 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Sector Food and beverage service activities (NACE 56)

In the bankruptcy model this factor raises the probability.

KBO

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Negative equity -€36,770

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Loss of €57,770 (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-05-2026, 21 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 · 1 filing

Deviation from the deadline

2025

21 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

27-05-26 Resignation: Karki Hari Krishna (director)Appointment: Gautam Dipendra (director)
21-05-26 Annual accounts filedfiscal year 2025 · micro…

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€36,770 View
Caution: Among the weakest 5% on net resultsector median €4,941 · 16,132 companies -€57,770 View
Caution: Board changedlatest change 27-05-2026 · 1 in office 1 joined · 1 left View