Shinka
ActiveSummary
Shinka has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €68,701. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28▼-36
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
2.9%
Return on assets
40.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31958 sector peers (2025).
NBB · sector comparisonPosition among 31958 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-03-2026, 122 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
122 d early
2024
55 d early
2023
37 d early
2022
31 d early
2021
2 d early
2020
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 25 June (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,000▼ 94.0%
2024 · €83,153
Total assets
€171,459▼ 18.9%
2024 · €211,423
Net result
€68,701▼ 60.1%
2024 · €172,271
Working capital
-€8,966
2024 · €52,165
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€73,474€131,477▲ 78.9%€146,120▲ 11.1%€227,101▲ 55.4%€87,343▼ 61.5%
Net result€58,638above the sector's middle half€101,223above the sector's middle half▲ 72.6%€112,457above the sector's middle half▲ 11.1%€172,271above the sector's middle half▲ 53.2%€68,701above the sector's middle half▼ 60.1%
Equity€57,671within the sector's middle half€158,894within the sector's middle half▲ 176%€5,000below the sector's middle half▼ 96.9%€83,153within the sector's middle half▲ 1,563%€5,000below the sector's middle half▼ 94.0%
Total assets€175,270within the sector's middle half▲ 5,974%€249,355within the sector's middle half▲ 42.3%€200,599within the sector's middle half▼ 19.6%€211,423within the sector's middle half▲ 5.4%€171,459within the sector's middle half▼ 18.9%
Debt€117,599▲ 2,952%€90,461▼ 23.1%€195,599▲ 116%€128,271▼ 34.4%€166,459▲ 29.8%
Working capital€28,742within the sector's middle half€130,468within the sector's middle half▲ 354%-€23,569below the sector's middle half€52,165within the sector's middle half-€8,966below the sector's middle half
Solvency32.9%within the sector's middle half63.7%within the sector's middle half▲ 30.8pp2.5%below the sector's middle half▼ 61.2pp39.3%within the sector's middle half▲ 36.8pp2.9%below the sector's middle half▼ 36.4pp
Current ratio1.39within the sector's middle half3.12within the sector's middle half▲ 1.730.87below the sector's middle half▼ 2.251.41within the sector's middle half▲ 0.540.95below the sector's middle half▼ 0.46
Return on assets (ROA)33.5%above the sector's middle half40.6%above the sector's middle half▲ 7.1pp56.1%above the sector's middle half▲ 15.5pp81.5%above the sector's middle half▲ 25.4pp40.1%above the sector's middle half▼ 41.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,459
Fixed assets
€13,966 ▼ 54.9%
Current assets
€157,493 ▼ 12.7%
Equity and liabilities €171,459
Equity
€5,000 ▼ 94.0%
Debt
€166,459 ▲ 29.8%
Debt's share of the balance-sheet total rises from 60.7% to 97.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€103,865▼
2024 · €242,824
Cash flow
€85,223▼
2024 · €187,994
Debt to equity
33.29▲
2024 · 1.54
Interest coverage
323.71▼
2024 · 532.44
Debt ≤ 1 year
€166,459▲
2024 · €128,271
Income taxes
€19,993▼
2024 · €54,374
A ratio outside any meaningful range has been withheld (balance sheet total €171,459, equity €5,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 2,153 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,227 | €15,528 | €15,146 | €15,723 | €16,522 | ▲ 5.1% |
| Other operating charges640/8 | €7,946 | €47,133 | €55,145 | €15,031 | €12,120 | ▼ 19.4% |
| Gross operating margin9900 | €85,647 | €194,138 | €216,412 | €257,854 | €115,985 | ▼ 55.0% |
| Operating profit (loss)9901 | €73,474 | €131,477 | €146,120 | €227,101 | €87,343 | ▼ 61.5% |
| Financial income75/76B | - | - | - | - | €1,671 | - |
| Recurring financial income75 | - | - | - | - | €1,671 | - |
| Financial charges65/66B | €234 | €732 | €715 | €456 | €321 | ▼ 29.6% |
| Recurring financial charges65 | €234 | €732 | €715 | €456 | €321 | ▼ 29.6% |
| Profit (loss) for the period before taxes9903 | €73,240 | €130,745 | €145,405 | €226,645 | €88,693 | ▼ 60.9% |
| Income taxes67/77 | €14,602 | €29,521 | €32,948 | €54,374 | €19,993 | ▼ 63.2% |
| Profit (loss) for the period9904 | €58,638 | €101,223 | €112,457 | €172,271 | €68,701 | ▼ 60.1% |
| Profit (loss) for the period to be appropriated9905 | €58,638 | €101,223 | €112,457 | €172,271 | €68,701 | ▼ 60.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175,270 | €249,355 | €200,599 | €211,423 | €171,459 | ▼ 18.9% |
| Fixed assets21/28 | €72,966 | €57,438 | €42,292 | €30,988 | €13,966 | ▼ 54.9% |
| Tangible fixed assets22/27 | €72,466 | €56,938 | €41,792 | €30,488 | €13,966 | ▼ 54.2% |
| Plant, machinery and equipment23 | €497 | €97 | €0 | - | - | - |
| Furniture and vehicles24 | €66,708 | €52,755 | €38,882 | €28,754 | €13,408 | ▼ 53.4% |
| Other tangible fixed assets26 | €5,261 | €4,085 | €2,909 | €1,733 | €557 | ▼ 67.8% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €0 | ▼ 100% |
| Current assets29/58 | €102,304 | €191,917 | €158,307 | €180,436 | €157,493 | ▼ 12.7% |
| Amounts receivable within one year40/41 | €28,643 | €87,117 | €85,081 | €10,962 | €55,050 | ▲ 402% |
| Trade receivables40 | €28,479 | €87,055 | €85,081 | €3,711 | €48,996 | ▲ 1,220% |
| Other amounts receivable41 | €164 | €62 | €0 | €7,252 | €6,054 | ▼ 16.5% |
| Current investments50/53 | - | - | - | €130,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €69,310 | €102,402 | €70,762 | €37,660 | €100,045 | ▲ 166% |
| Deferred charges and accrued income490/1 | €4,351 | €2,398 | €2,464 | €1,813 | €2,398 | ▲ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175,270 | €249,355 | €200,599 | €211,423 | €171,459 | ▼ 18.9% |
| Equity10/15 | €57,671 | €158,894 | €5,000 | €83,153 | €5,000 | ▼ 94.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €52,671 | €153,894 | €0 | €78,153 | €0 | ▼ 100% |
| Distributable reserves133 | €52,671 | €153,894 | €0 | €78,153 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €117,599 | €90,461 | €195,599 | €128,271 | €166,459 | ▲ 29.8% |
| Amounts payable after more than one year17 | €43,521 | €28,322 | €12,948 | €0 | - | - |
| Financial debts170/4 | €43,521 | €28,322 | €12,948 | €0 | - | - |
| Amounts payable within one year42/48 | €73,562 | €61,449 | €181,876 | €128,271 | €166,459 | ▲ 29.8% |
| Current portion of amounts payable after more than one year42 | €15,025 | €15,199 | €15,374 | €12,948 | €0 | ▼ 100% |
| Financial debts43 | €893 | €879 | €3,453 | €4,129 | €2,824 | ▼ 31.6% |
| Credit institutions430/8 | €893 | €879 | €3,453 | €4,129 | €2,824 | ▼ 31.6% |
| Trade debts44 | €12,593 | €1,752 | €5,173 | €809 | €1,246 | ▲ 54.0% |
| Suppliers440/4 | €12,593 | €1,752 | €5,173 | €809 | €1,246 | ▲ 54.0% |
| Taxes, remuneration and social security45 | €26,343 | €20,038 | €21,336 | €449 | €27,236 | ▲ 5,960% |
| Taxes450/3 | €26,343 | €20,038 | €21,336 | €449 | €27,236 | ▲ 5,960% |
| Other amounts payable47/48 | €18,709 | €23,581 | €136,540 | €109,935 | €135,154 | ▲ 22.9% |
| Accrued charges and deferred income492/3 | €516 | €690 | €775 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,638 | €101,223 | €112,457 | €172,271 | €68,701 | ▼ 60.1% |
| + Depreciation and write-downs630 | €4,227 | €15,528 | €15,146 | €15,723 | €16,522 | ▲ 5.1% |
| Operating cash flow (approximation) | €62,865 | €116,751 | €127,603 | €187,994 | €85,223 | ▼ 54.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,419 | €500 | ▲ 111% |
| Change in cash | - | €33,092 | -€31,640 | -€33,102 | €62,385 | ▲ 288% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €172,271 ▲53.2%
Operating result €227,101, net result €172,271, both a record.
04-09
State Gazette act
Board meeting · Director resignation
Permanent representative · Power of attorney
11-07
State Gazette act
General meeting · Purpose change
Corporate purpose · Director resignation · Philippe KLUYSKENS
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
13-05
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.12
Current ratio from 1.39 to 3.12; short-term debt falls from €73,562 to €61,449.
31-12
Financial
Equity above €150,000Eq €158,894 ▲176%
2 profitable years in a row build equity to €158,894.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €58,638
Net result €58,638 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 1.39
Current ratio from 0.37 to 1.39.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-10
State Gazette act
General meeting · Auditor reappointment
Director resignation · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Beersel · 1 establishment unit since 2019
Ground area
1,387 m²
Building footprint
252 m²
Volume, LiDAR
1,176 m³
Parcel 23017C0315/00K000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Shinka
since 20192.297.193.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23017C0315/00K000 | Flanders | 1,387 m² | 1 · 252 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
NEUHAUS
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 15,604 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738875724
Also
9925:BE0738875724
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.