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Shinobi

Active
Private limited company (pre-2019)founded 20197 yrs activeDr.-Van de Perrestraat 207 A, 2440 Geel, BelgiumKBO/BCE: BE 0723.933.665
Summary

Shinobi has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,199 and a net result of €21,707. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 1912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency75▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.8 in 2024; short-term debt: 49.9% and cash: 58.2% of total assets), and 49.9% of the assets are financed with debt.
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Signals

Four 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
50.1%
Return on assets
25.8%
Age of the figures
9 mo
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 · 7 filings
Deviation from the deadline
2025
28 d late
2024
5 d late
2023
21 d late
2022
3 d early
2021
22 d late
2020
9 d early
2019
8 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 8 days after the deadline; the sector median for financial year 2024 is 10 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 April 2019, Shinobi was incorporated.1 Total assets went from EUR 27,939 in 2019 to EUR 84,264 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€42,199▲ 106%
2024 · €20,492
Total assets
€84,264▲ 82.3%
2024 · €46,229
Net result
€21,707▲ 202%
2024 · €7,181
Working capital
€34,361▲ 67.7%
2024 · €20,492
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service 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-€511-€3,658▼ 615%€5,601€12,056▲ 115%€30,975▲ 157%
Net result-€1,080below the sector's middle half-€4,822below the sector's middle half▼ 347%€2,401within the sector's middle half€7,181within the sector's middle half▲ 199%€21,707within the sector's middle half▲ 202%
Equity€15,732below the sector's middle half▼ 6.4%€10,910below the sector's middle half▼ 30.7%€13,312below the sector's middle half▲ 22.0%€20,492within the sector's middle half▲ 53.9%€42,199within the sector's middle half▲ 106%
Total assets€41,055below the sector's middle half▲ 21.5%€35,005below the sector's middle half▼ 14.7%€35,563below the sector's middle half▲ 1.6%€46,229below the sector's middle half▲ 30.0%€84,264within the sector's middle half▲ 82.3%
Debt€25,323▲ 49.1%€24,095▼ 4.8%€22,251▼ 7.7%€25,737▲ 15.7%€42,065▲ 63.4%
Working capital€15,004▲ 66.5%€10,530▼ 29.8%€13,012▲ 23.6%€20,492▲ 57.5%€34,361▲ 67.7%
Solvency38.3%within the sector's middle half▼ 11.4pp31.2%within the sector's middle half▼ 7.2pp37.4%within the sector's middle half▲ 6.3pp44.3%within the sector's middle half▲ 6.9pp50.1%within the sector's middle half▲ 5.8pp
above within below the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service 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
-€10,000€0€10,000€20,000€30,000Operating result 2021: -€511-€511Net result 2021: -€1,080-€1,080Operating result 2022: -€3,658-€3,658Net result 2022: -€4,822-€4,822Operating result 2023: €5,601€5,601Net result 2023: €2,401€2,401Operating result 2024: €12,056€12,056Net result 2024: €7,181€7,181Operating result 2025: €30,975€30,975Net result 2025: €21,707€21,70720212022202320242025€0€10,000€20,000€30,000Operating result 2023: €5,601€5,600Net result 2023: €2,401€2,400Operating result 2024: €12,056€12,100Net result 2024: €7,181€7,180Operating result 2025: €30,975€31,000Net result 2025: €21,707€21,700202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 157% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,264
Fixed assets €7,838
Current assets €76,426
Equity and liabilities €84,264
Equity €42,199 ▲ 106%
Debt €42,065 ▲ 63.4%
Debt's share of the balance-sheet total falls from 55.7% to 49.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€31,237▲
2024 · €12,056
Cash flow
€21,969▲
2024 · €7,181
Current ratio
1.82▲
2024 · 1.80
Quick ratio
1.60▼
2024 · 1.80
Debt to equity
1.00▼
2024 · 1.26
ROE
51.4%▲
2024 · 35.0%
ROA
25.8%▲
2024 · 15.5%
Interest coverage
18.16▲
2024 · 13.51
Debt ≤ 1 year
€42,065▲
2024 · €25,737
Income taxes
€7,548▲
2024 · €3,983
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 26,964 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€46,229€84,264▲
Fixed assets21/28€0€7,838▲
Tangible fixed assets22/27-€7,838
Furniture and vehicles24-€7,838
Financial fixed assets28€0-
Current assets29/58€46,229€76,426▲
Stocks and contracts in progress3-€9,261
Stocks30/36-€9,261
Amounts receivable within one year40/41€15,670€16,918▲
Trade receivables40€15,580€15,892▲
Other amounts receivable41€90€1,026▲
Cash at bank and in hand54/58€30,559€49,064▲
Deferred charges and accrued income490/1-€1,184
Equity and liabilities
Total equity and liabilities10/49€46,229€84,264▲
Equity10/15€20,492€42,199▲
Contributions10/11€8,200€8,200=
Reserves13€12,292€33,999▲
Distributable reserves133€12,292€33,999▲
Profit (loss) carried forward14€0-
Amounts payable17/49€25,737€42,065▲
Amounts payable within one year42/48€25,737€42,065▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€497€8,565▲
Suppliers440/4€497€8,565▲
Taxes, remuneration and social security45€10,093€21,045▲
Taxes450/3€10,093€21,045▲
Remuneration and social security454/9€0-
Other amounts payable47/48€15,146€12,455▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€262▲
Other operating charges640/8€1,086€1,300▲
Gross operating margin9900€13,142€32,537▲
Operating profit (loss)9901€12,056€30,975▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€893€1,720▲
Recurring financial charges65€893€1,720▲
Profit (loss) for the period before taxes9903€11,163€29,255▲
Income taxes67/77€3,983€7,548▲
Profit (loss) for the period9904€7,181€21,707▲
Profit (loss) for the period to be appropriated9905€7,181€21,707▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,680€21,707▲
Profit (loss) brought forward from the previous period14P-€3,500€0▲
Transfer to equity691/2€3,680€21,707▲
To other reserves6921€3,680€21,707▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€571€349€80€0€262-
Other operating charges640/8€510€387€1,590€1,086€1,300▲ 19.7%
Gross operating margin9900€569-€2,922€7,271€13,142€32,537▲ 148%
Operating profit (loss)9901-€511-€3,658€5,601€12,056€30,975▲ 157%
Financial income75/76B€970€18€0-€0-
Recurring financial income75€970€18€0-€0-
Financial charges65/66B€517€661€448€893€1,720▲ 92.7%
Recurring financial charges65€517€661€448€893€1,720▲ 92.7%
Profit (loss) for the period before taxes9903-€58-€4,301€5,153€11,163€29,255▲ 162%
Income taxes67/77€1,021€521€2,752€3,983€7,548▲ 89.5%
Profit (loss) for the period9904-€1,080-€4,822€2,401€7,181€21,707▲ 202%
Profit (loss) for the period to be appropriated9905-€1,080-€4,822€2,401€7,181€21,707▲ 202%
Line20212022202320242025Change
Assets
Total assets20/58€41,055€35,005€35,563€46,229€84,264▲ 82.3%
Fixed assets21/28€729€380€300€0€7,838-
Tangible fixed assets22/27€429€80€0-€7,838-
Furniture and vehicles24€429€80€0-€7,838-
Financial fixed assets28€300€300€300€0--
Current assets29/58€40,327€34,626€35,263€46,229€76,426▲ 65.3%
Stocks and contracts in progress3----€9,261-
Stocks30/36----€9,261-
Amounts receivable within one year40/41€25,462€25,669€28,058€15,670€16,918▲ 8.0%
Trade receivables40€25,462€25,579€27,810€15,580€15,892▲ 2.0%
Other amounts receivable41-€90€248€90€1,026▲ 1,041%
Cash at bank and in hand54/58€14,738€8,956€7,205€30,559€49,064▲ 60.6%
Deferred charges and accrued income490/1€128---€1,184-
Equity and liabilities
Total equity and liabilities10/49€41,055€35,005€35,563€46,229€84,264▲ 82.3%
Equity10/15€15,732€10,910€13,312€20,492€42,199▲ 106%
Contributions10/11€8,200€8,200€8,200€8,200€8,200=
Reserves13€8,612€8,612€8,612€12,292€33,999▲ 177%
Distributable reserves133€8,612€8,612€8,612€12,292€33,999▲ 177%
Profit (loss) carried forward14-€1,080-€5,902-€3,500€0--
Amounts payable17/49€25,323€24,095€22,251€25,737€42,065▲ 63.4%
Amounts payable within one year42/48€25,323€24,095€22,251€25,737€42,065▲ 63.4%
Financial debts43-€217€411€0--
Credit institutions430/8-€217€411€0--
Trade debts44€12,589€8,287€3,620€497€8,565▲ 1,623%
Suppliers440/4€12,589€8,287€3,620€497€8,565▲ 1,623%
Taxes, remuneration and social security45€5,934€9,275€7,029€10,093€21,045▲ 109%
Taxes450/3€5,934€9,275€4,560€10,093€21,045▲ 109%
Remuneration and social security454/9--€2,469€0--
Other amounts payable47/48€6,799€6,316€11,191€15,146€12,455▼ 17.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,080-€4,822€2,401€7,181€21,707▲ 202%
+ Depreciation and write-downs630€571€349€80€0€262-
Operating cash flow (approximation)-€509-€4,473€2,481€7,181€21,969▲ 206%
Investment in fixed assets (approximation)-€0€0€300-€8,100▼ 2,800%
Change in cash--€5,781-€1,751€23,354€18,505▼ 20.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial Highest result since 2019net €21,707 ▲202%
Operating result €30,975, net result €21,707, both a record.
05-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
21-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial Back to profitnet €2,401
Net result €2,401 after 2 loss-making years.
28-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€4,822
Net result drops to -€4,822, the lowest in the series; recovery starts the following year.
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
22-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Geel · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
371 m²
Building footprint
219 m²
Parcel 13374F0518/00M003, Flanders. Linked by address, not a title deed.
1 establishment unit
Shinobi
Dr.-Van de Perrestraat 207 A, 2440 GeelComputing infrastructure, data processing, hosting and other information service activities
since 20192.287.780.632
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13374F0518/00M003 Flanders 371 m² 1 · 219 m² -
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

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2021 list no shareholders, and no other source names one.

Holdings 1

According to the 2021 annual accounts of Shinobi and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 3,149 companies in sector 63920 we hold annual accounts for 1,524. 1,212 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 (pre-2019)
Founded01-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0723933665
Also 9925:BE0723933665
Registered 14-05-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.