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Generated 03-08-2026
Active BE 0763.412.764Private limited company

SHINEX EU

· 5 yrs active
Sector: Non-specialised food retail (47110)
Conclusion Checked

The computed 12-month bankruptcy probability of SHINEX EU is 6.0% (elevated). The 2023 annual accounts show negative equity (€-3k) and a net result of €-4k. Its solvency ranks better than 19% of 5698 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-3k
Net result €-4k
Better than sector 19%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health9Profitability39Solvency33Growth37Stability94
42 / 100

Fragile profile, watch health in particular.

Health 9
Profitability 39
Solvency 33
Growth 37
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
6.0% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
9 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 01-02-2024 with the NBB · fiscal year 2023 · micro
€-50k€0€50k€100kRevenue 2022: €110k€110kOperating result 2022: €395€395Net result 2022: €395€395Revenue 2023: €114k€114kOperating result 2023: €46€46Net result 2023: €-4k€-4k20222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -15.9% 20.1%
better than 19% of 5698 sector peers
Net result €-4k €3k
better than 27% of 5678 sector peers
Equity €-3k €15k
better than 23% of 5705 sector peers
Gross operating margin €8k €23k
better than 35% of 5653 sector peers
Staff costs €5k €33k
higher than 18% of 2539 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€114k
+3.6% 22-23
EBITDA
€3k
+403.8% -90% vs sector
Net profit
€-4k
- far below sector median
Cash flow
€-2k
- far below sector median
Total assets
€20k
+1583.0% -83% vs sector
Equity
€-3k
- far below sector median
Working capital
€-21k
- far below sector median
Staff costs
€5k
-10.3% -91% vs sector
Debt
€23k
- -60% vs sector
Debt ≤ 1y
€23k
- -25% vs sector
Current ratio
0.12
- -94% vs sector
Quick ratio
0.00
- -100% vs sector
Solvency
-15.9%
- far below sector median
Debt / equity
-7.30
- far below sector median
ROE
137.4%
+315.7% +289% vs sector
ROA
-21.8%
- far below sector median
Net margin
-3.8%
- 22-23
EBITDA margin
2.4%
+386.1% 22-23
Interest coverage
0.63
- -93% vs sector
Figures by fiscal year
Fiscal year2023
Revenue€114k
EBITDA€3k
Net profit€-4k
Cash flow€-2k
Staff costs€5k
Income taxes-
Dividends-
Total assets€20k
Equity€-3k
Debt€23k
of which ≤ 1y€23k
of which > 1y-
Working capital€-21k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.12
Quick ratio0.00
Working capital ratio-102.0%
Solvency-15.9%
Debt / equity-7.30
Long-term debt ratio-
Interest coverage0.63
Gross margin7.1%
Net margin-3.8%
ROA-21.8%
ROE137.4%
EBITDA margin2.4%
Days sales outstanding-
Days payable outstanding45d
Inventory turnover37.96
Days inventory (DSI)10d
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€20k
Fixed assets 21/28€17k
Formation expenses 20€480
Tangible fixed assets 22/27€17k
Current assets 29/58€3k
Stocks & contracts in progress 3€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€20k
Equity 10/15€-3k
Contributions / capital 10/11€800
Accumulated profits (losses) 14€-4k
Amounts payable 17/49€23k
Amounts payable within one year 42/48€23k
Trade debts payable within one year 44€13k
Income statement
Turnover 70€114k
Gross operating margin 9900€8k
Operating result 9901€46
Financial charges 65€4k
Result before taxes 9903€-4k
Net result for the period 9904€-4k
Result to be appropriated 9905€-4k
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Ratios computed by Checked.
Legal Structure
NACE primary Non-specialised food retail(47110)
Legal form Private limited company(610)
Incorporation09-02-2021
StatusActive
Postal code-
Establishment units 2 locations
SHINEX EU
Avenue des Combattants 43, 1490 Court-Saint-EtienneDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20212.320.657.395
Shah Amjad
Faubourg-Saint-Germain 57, 5660 CouvinDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
since 20232.341.626.223
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23582E0505/00E000 Flanders 8,312 m² 1 · 1,971 m² 9.7 m · 3 fl.
25023H0292/00B005 Wallonia 193 m² 1 · 91 m² -
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
01-02-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
01-02-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112
Primary activity highlighted.
Names & trade names
Legal nameNL SHINEX EU
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative