SHINE UGOKI
ActiveSummary
The computed 12-month bankruptcy probability of SHINE UGOKI is 1.7% (moderate). The 2025 annual accounts show equity of €60,205 and a net result of €26,063. Equity is growing by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 31% of 18973 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110NACE 47112
2 sites
How big
€696,663turnover 2025
- Equity
- €60,205
- Profit
- €26,063
Who decides
Accounts filed 28 d late0 of 8 deeds read
Why 43- Higher-failure-rate region- Higher-failure-rate sector- Multiple establishment units+ Annual accounts: healthy financial profile+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-9
Solvency37▲+5
Growth85=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.02 against 0.92 in 2024; short-term debt: 88.4% and cash: 1.7% of total assets), and 88.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
11.6%
Return on assets
5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
9 d early
2023
20 d late
2022
7 d early
2021
30 d late
2020
61 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Turnover €696,663Profit €26,063Solvency 11.6%Liquidity 1.02
Turnover
€696,663▲ 4.3%
2018 - 2025
Net result
€26,063▼ 50.7%
2018 - 2025
Equity
€60,205▲ 76.3%
2018 - 2025
Solvency
11.6%▲ 4.6pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
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 47, Retail trade, 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
Line20212022202320242025
Turnover€679,639▲ 615%€592,906▼ 12.8%€661,599▲ 11.6%€667,887▲ 1.0%€696,663▲ 4.3%
Operating result€11,606€13,487▲ 16.2%€59,226▲ 339%€54,392▼ 8.2%€33,775▼ 37.9%
Net result€10,949within the sector's middle half€12,818within the sector's middle half▲ 17.1%€57,339above the sector's middle half▲ 347%€52,896above the sector's middle half▼ 7.7%€26,063above the sector's middle half▼ 50.7%
EBIT margin1.7%▲ 7.3pp2.3%▲ 0.6pp9.0%▲ 6.7pp8.1%▼ 0.8pp4.8%▼ 3.3pp
Equity-€88,911below the sector's middle half▲ 11.0%-€76,093below the sector's middle half▲ 14.4%-€18,754below the sector's middle half▲ 75.4%€34,142within the sector's middle half€60,205within the sector's middle half▲ 76.3%
Total assets€219,284within the sector's middle half▲ 15.3%€205,489within the sector's middle half▼ 6.3%€227,145within the sector's middle half▲ 10.5%€487,994above the sector's middle half▲ 115%€519,059above the sector's middle half▲ 6.4%
Debt€308,195▲ 6.3%€281,582▼ 8.6%€245,899▼ 12.7%€453,852▲ 84.6%€458,854▲ 1.1%
Working capital-€92,471below the sector's middle half▲ 4.2%-€103,593below the sector's middle half▼ 12.0%-€96,538below the sector's middle half▲ 6.8%-€35,076below the sector's middle half▲ 63.7%€9,831within the sector's middle half
Solvency-40.5%below the sector's middle half▲ 12.0pp-37.0%below the sector's middle half▲ 3.5pp-8.3%below the sector's middle half▲ 28.8pp7.0%within the sector's middle half▲ 15.3pp11.6%within the sector's middle half▲ 4.6pp
Current ratio0.65below the sector's middle half▲ 0.040.60below the sector's middle half▼ 0.050.61below the sector's middle half=0.92within the sector's middle half▲ 0.321.02within the sector's middle half▲ 0.10
Return on assets (ROA)5.0%within the sector's middle half▲ 8.1pp6.2%within the sector's middle half▲ 1.2pp25.2%above the sector's middle half▲ 19.0pp10.8%within the sector's middle half▼ 14.4pp5.0%within the sector's middle half▼ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519,059
Fixed assets
€50,374 ▼ 27.2%
Current assets
€468,685 ▲ 11.9%
Equity and liabilities €519,059
Equity
€60,205 ▲ 76.3%
Debt
€458,854 ▲ 1.1%
Debt's share of the balance-sheet total falls from 93.0% to 88.4%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€52,619▼
2024 · €71,557
Cash flow
€44,907▼
2024 · €70,061
Quick ratio
0.11▼
2024 · 0.18
Debt to equity
7.62▼
2024 · 13.29
ROE
43.3%▼
2024 · 154.9%
Interest coverage
44.00▼
2024 · 47.83
Debt ≤ 1 year
€458,854▲
2024 · €453,852
Income taxes
€6,516
Staff costs
€59,390▲
2024 · €31,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 2,609 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €679,639 | €592,906 | €661,599 | €667,887 | €696,663 | ▲ 4.3% |
| Goods, raw materials, services and sundry goods60/61 | €661,684 | €664,641 | €664,539 | €564,013 | €583,756 | ▲ 3.5% |
| Remuneration, social security and pensions62 | - | - | - | €31,046 | €59,390 | ▲ 91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,359 | €6,560 | €13,613 | €17,165 | €18,844 | ▲ 9.8% |
| Other operating charges640/8 | €990 | €753 | €1,784 | €1,271 | €898 | ▼ 29.3% |
| Gross operating margin9900 | €17,955 | €20,800 | €74,623 | €103,874 | €112,907 | ▲ 8.7% |
| Operating profit (loss)9901 | €11,606 | €13,487 | €59,226 | €54,392 | €33,775 | ▼ 37.9% |
| Financial charges65/66B | €657 | €669 | €1,887 | €1,496 | €1,196 | ▼ 20.1% |
| Recurring financial charges65 | €657 | €669 | €1,887 | €1,496 | €1,196 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €10,949 | €12,818 | €57,339 | €52,896 | €32,579 | ▼ 38.4% |
| Income taxes67/77 | - | - | - | - | €6,516 | - |
| Profit (loss) for the period9904 | €10,949 | €12,818 | €57,339 | €52,896 | €26,063 | ▼ 50.7% |
| Profit (loss) for the period to be appropriated9905 | €10,949 | €12,818 | €57,339 | €52,896 | €26,063 | ▼ 50.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219,284 | €205,489 | €227,145 | €487,994 | €519,059 | ▲ 6.4% |
| Fixed assets21/28 | €48,560 | €48,500 | €77,784 | €69,218 | €50,374 | ▼ 27.2% |
| Intangible fixed assets21 | €37,119 | €32,619 | €55,851 | €48,350 | €40,850 | ▼ 15.5% |
| Tangible fixed assets22/27 | €11,441 | €15,881 | €21,933 | €20,868 | €9,524 | ▼ 54.4% |
| Plant, machinery and equipment23 | - | €2,000 | €1,333 | €667 | - | - |
| Furniture and vehicles24 | €11,441 | €9,381 | €17,000 | €17,501 | €7,724 | ▼ 55.9% |
| Leasing and similar rights25 | - | €4,500 | €3,600 | €2,700 | €1,800 | ▼ 33.3% |
| Current assets29/58 | €170,724 | €156,989 | €149,361 | €418,776 | €468,685 | ▲ 11.9% |
| Stocks and contracts in progress3 | €140,695 | €144,240 | €144,240 | €337,930 | €415,955 | ▲ 23.1% |
| Stocks30/36 | €140,695 | €144,240 | €144,240 | €337,930 | €415,955 | ▲ 23.1% |
| Amounts receivable within one year40/41 | €3,175 | €7,786 | €2,510 | €2,221 | €44,041 | ▲ 1,883% |
| Trade receivables40 | €3,175 | €7,786 | €2,510 | €2,221 | €44,041 | ▲ 1,883% |
| Cash at bank and in hand54/58 | €26,854 | €4,963 | €2,611 | €78,625 | €8,689 | ▼ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219,284 | €205,489 | €227,145 | €487,994 | €519,059 | ▲ 6.4% |
| Equity10/15 | -€88,911 | -€76,093 | -€18,754 | €34,142 | €60,205 | ▲ 76.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €351 | €351 | €351 | €351 | €351 | = |
| Non-distributable reserves130/1 | €351 | €351 | €351 | €351 | €351 | = |
| Legal reserve130 | €351 | €351 | €351 | €351 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €351 | - |
| Profit (loss) carried forward14 | -€95,462 | -€82,644 | -€25,305 | €27,591 | €53,654 | ▲ 94.5% |
| Amounts payable17/49 | €308,195 | €281,582 | €245,899 | €453,852 | €458,854 | ▲ 1.1% |
| Amounts payable after more than one year17 | €45,000 | €21,000 | - | - | - | - |
| Financial debts170/4 | €45,000 | €21,000 | - | - | - | - |
| Amounts payable within one year42/48 | €263,195 | €260,582 | €245,899 | €453,852 | €458,854 | ▲ 1.1% |
| Financial debts43 | - | - | €3,824 | - | €17,827 | - |
| Credit institutions430/8 | - | - | €3,824 | - | €17,827 | - |
| Trade debts44 | €147,091 | €191,926 | €199,800 | €374,002 | €353,657 | ▼ 5.4% |
| Suppliers440/4 | €147,091 | €191,926 | €199,800 | €374,002 | €353,657 | ▼ 5.4% |
| Taxes, remuneration and social security45 | €3,313 | €2,069 | €4,272 | €37,493 | €71,574 | ▲ 90.9% |
| Taxes450/3 | €3,313 | €2,069 | €4,272 | €7,679 | €20,912 | ▲ 172% |
| Remuneration and social security454/9 | - | - | - | €29,814 | €50,662 | ▲ 69.9% |
| Other amounts payable47/48 | €112,791 | €66,587 | €38,003 | €42,357 | €15,796 | ▼ 62.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,949 | €12,818 | €57,339 | €52,896 | €26,063 | ▼ 50.7% |
| + Depreciation and write-downs630 | €5,359 | €6,560 | €13,613 | €17,165 | €18,844 | ▲ 9.8% |
| Operating cash flow (approximation) | €16,308 | €19,378 | €70,952 | €70,061 | €44,907 | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | -€6,500 | -€42,897 | -€8,599 | €0 | ▲ 100% |
| Change in cash | - | -€21,891 | -€2,352 | €76,014 | -€69,936 | ▼ 192% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
ABDELILAHMOUSS
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BE 0502.354.288
Gent · Eq €60,171
BASTIJNS RETAIL
BE 0896.624.646
Dilbeek · Eq €60,146
Prince Trading
BE 0744.678.502
Willebroek · Eq €60,123
HITA
BE 0870.002.502
Sint-Lambrechts-Woluwe · Eq €60,318
Of 10,504 companies in this sector we hold annual accounts for 5,855. 4,664 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 28-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Highest result since 2018net €57,339 ▲347%
Operating result €59,226, net result €57,339, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €10,949
Net result €10,949 after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€22,059
Net result drops to -€22,059, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Support & recognitions
1 register with a recognitionFASFC 1 site
FASFC
1
authorised site
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlechtunit no. 2.346.845.219
Company details
Private limited company (pre-2019) · founded 23-08-2013Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded23-08-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537742561
Also
9925:BE0537742561
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Anderlecht · 2 establishment units since 2013
Ground area
268 m²
Building footprint
270 m²
Volume, LiDAR
3,173 m³
2 parcels, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SHINE UGOKI
since 2013unit no. 2.221.622.771
Ville Goma
since 2023unit no. 2.346.845.219
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0131/00P005 | Brussels | 158 m² | 1 · 158 m² | 18.6 m · 5 fl. |
| 21304B0138/00Z007 | Brussels | 109 m² | 1 · 111 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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