SHINE FACILITY
InactiveSHINE FACILITY was declared bankrupt on 28-03-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 04-11-2025, published in the Belgian State Gazette on 10-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 11-03-2024, 224 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
224 d late
2021
134 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€279k▲ 31.2%
2021 · €213k
2021: €213k
2021 → 2022
EBIT margin
28.7%▼ 1.9pp
2021 · 30.6%
2021: 30.6%
2021 → 2022
Net result
€50k▼ 20.5%
2021 · €63k
2021: €63k
2021 → 2022
Working capital
€132k▲ 61.3%
2021 · €82k
2021: €82k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Turnover€213k-€279k▲ 31.2%
Equity€75k-€125k▲ 66.8%
Operating result€65k-€80k▲ 23.0%
Net result€63k-€50k▼ 20.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 23% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €196k
Fixed assets
€6k ▼ 1.5%
Current assets
€190k ▲ 94.5%
Equity and liabilities €196k
Equity
€125k ▲ 66.8%
Debt
€71k ▲ 144%
Debt's share of the balance-sheet total rises from 28.0% to 36.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▲
2021 · €66k
Cash flow
€52k▼
2021 · €64k
Current ratio
3.29▼
2021 · 6.23
Debt to equity
0.57▲
2021 · 0.39
ROE
40.0%▼
2021 · 84.0%
ROA
25.5%▼
2021 · 60.5%
Interest coverage
7.43▼
2021 · 29.61
Debt ≤ 1 year
€58k▲
2021 · €16k
Debt > 1 year
€13k=
2021 · €13k
Income taxes
€27k
Staff costs
€62k▲
2021 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 43 lines
Balance sheet
Code20212022
Assets
Total assets20/58€104k€196k▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24-€983
Current assets29/58€98k€190k▲
Amounts receivable within one year40/41€92k€190k▲
Trade receivables40€31k€12k▼
Other amounts receivable41€61k€178k▲
Cash at bank and in hand54/58€6k-
Equity and liabilities
Total equity and liabilities10/49€104k€196k▲
Equity10/15€75k€125k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€12k€12k=
Profit (loss) carried forward14€63k€113k▲
Amounts payable17/49€29k€71k▲
Amounts payable after more than one year17€13k€13k=
Financial debts170/4€13k€13k=
Amounts payable within one year42/48€16k€58k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€4k€16▼
Suppliers440/4€4k€16▼
Taxes, remuneration and social security45-€46k
Taxes450/3-€36k
Remuneration and social security454/9-€10k
Income statement
Code20212022
Turnover70€213k€279k▲
Goods, raw materials, services and sundry goods60/61€124k€134k▲
Remuneration, social security and pensions62€22k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€938€2k▲
Other operating charges640/8€709€1k▲
Gross operating margin9900€89k€145k▲
Operating profit (loss)9901€65k€80k▲
Financial income75/76B€28€8k▲
Recurring financial income75€28€8k▲
Financial charges65/66B€2k€11k▲
Recurring financial charges65€2k€11k▲
Profit (loss) for the period before taxes9903€63k€77k▲
Income taxes67/77-€27k
Profit (loss) for the period9904€63k€50k▼
Profit (loss) for the period to be appropriated9905€63k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€113k▲
Profit (loss) brought forward from the previous period14P-€63k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SHINE FACILITY BV FRANKLIN ROOSEVELTPLAATS 12, 2060 ANTWERPEN 6 · event 04-11-2025
2024
04-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SHINE FACILITY BV FRANKLIN ROOSEVELTPLAATS 12, 2060 ANTWERPEN 6 · event 28-03-2024
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
2022
31-12
Financial
Equity above €100kEq €125k ▲66.8%
2 profitable years in a row build equity to €125k.
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 134 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOMAS BRUNEEL MUSEUMSTRAAT 31-33,
2000 ANTWERPEN 1 |
28-03-2024 → 04-11-2025 |