Equity
-€52,026
Debts exceed assets in financial year 2025.
Shine Master
Lifetime
14 annual accounts with figures on one time axispeak €16,642 (2023)
-€744▼ €12,899
lowest -€19,721 (2022)
-€5,842▼ €16,090
peak €8,653 (2014)
-€52,026▼ €5,842
€87,436▲ 44.3%
Board5 names since 2017
2 directors and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €12,155 to -€744Loss of €5,842Company renamed from VR PROMOTIONS to Shine Master 13-01Equity from -€46,184 to -€52,026Debts from €60,605 to €87,436Investments €19,212
Key points
from the 2025 annual accountsDebts
€87,436 247% of the balance sheet
Investments
€24,520 12.8 × depreciation
Green is investment, beige is depreciation.
2025 accounts filed 27 days after the deadlineTurnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,920 companies had the same profile as Shine Master has now. Each dot stands for 18 companies, two years later.
85.3%
were still trading
8.3%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for Shine Master. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 22-05-2018
Manager, since 22-05-2018
- 99%annual accounts 2017
- 1%annual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0840098489
Company renamed from VR PROMOTIONS to Shine Master
Change of role: , from manager to director · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 03-01-2025 · Gazette deed
Registered office moved to Genval
New registered office: avenue Normande 16, 1332 Genval (Rixensart) · Previous registered office: Waterloo · General meeting of 09-01-2023 · Gazette deed
Registered office moved from Limal to WATERLOO Avenue Valentin Tondeur
Transfer of 30 shares from to · New registered office: 1410 WATERLOO Avenue Valentin Tondeur 30 A · Previous registered office: Rue du Bois l'Abbé 18, 1300 Limal · General meeting of 16-02-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Shine Master Rixensart | €35,410 | -€744 | -146.9% | - |
| TACHENION & Cie Tubize | €30,402 | -€31,249 | -141.1% | - |
| KALISTA Wavre | €28,865 | -€1,174 | 94.1% | - |
| AITE Enghien | €33,157 | -€27,848 | 88.8% | - |
| Knuts Raf Diepenbeek | €38,058 | -€3,984 | 91.7% | - |
| L. Jacob Chaudfontaine | €41,514 | -€427 | -30.6% | - |
| I.NEO Waasmunster | €42,793 | -€10,430 | -17.0% | - |
These companies have the same main activity as Shine Master: other business support services (NACE 82990). They are comparable in size and age: total assets between €28,900 and €42,800, founded between 2009 and 2012.
Official details
Source: KBO- Status
- Active since 10-10-2011Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.204.138.4231410 Waterloo, since 21-11-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Insights on Shine Master
Shine Master files the micro format. That format states no turnover. The gross margin fell from €2,548 in 2012 to -€744 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Shine Master
- What is the company number of Shine Master?
- The company number of Shine Master is 0840.098.489. The VAT number is the same number with BE in front: BE 0840.098.489.
- Where is Shine Master based?
- The registered office is at Avenue Normande 16, 1332 Rixensart.Company details
- What does Shine Master do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of Shine Master?
- Shine Master is a private limited company (BV).
- When was Shine Master founded?
- Shine Master was founded on 10-10-2011.
- Is Shine Master still active?
- Yes, Shine Master is an active enterprise in the KBO register.
- What is the turnover of Shine Master?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Shine Master profitable?
- In financial year 2025, Shine Master made a loss of €5,842.
- Where can I find the annual accounts of Shine Master?
- Shine Master filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Shine Master due?
- Shine Master must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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