Shipset7
ActiveSummary
The annual accounts of Shipset7 for fiscal year 2025 show a net loss of 270% of total assets and of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €56k and a net result of €-180k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 7780 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 5.25 against 9.25 in 2024; short-term debt: 13% and cash: 53.4% of total assets), and 16.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
-269.8%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
2 d early
2023
109 d early
2022
90 d early
2021
20 d early
2020
2 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 76.3%
2024 · €236k
2020: €-7klowest in 6 years
2021: €200k▲ +3175% vs 2020
2022: €339k▲ +69.4% vs 2021
2023: €347k▲ +2.4% vs 2022highest in 6 years
2024: €236k▼ -32.2% vs 2023
2025: €56k▼ -76.3% vs 2024
2020 → 2025
Total assets
€67k▼ 74.7%
2024 · €263k
2020: €25klowest in 6 years
2021: €301k▲ +1089% vs 2020
2022: €417k▲ +38.3% vs 2021highest in 6 years
2023: €409k▼ -1.8% vs 2022
2024: €263k▼ -35.7% vs 2023
2025: €67k▼ -74.7% vs 2024
2020 → 2025
Net result
€-180k
2024 · €123k
2020: €-13k
2021: €207k▲ +1727% vs 2020
2022: €139k▼ -32.8% vs 2021
2023: €231k▲ +65.8% vs 2022highest in 6 years
2024: €123k▼ -46.5% vs 2023
2025: €-180k▼ -246% vs 2024lowest in 6 years
2020 → 2025
Working capital
€37k▼ 81.6%
2024 · €200k
2020: €-11klowest in 6 years
2021: €182k▲ +1830% vs 2020
2022: €269k▲ +47.9% vs 2021
2023: €295k▲ +9.7% vs 2022highest in 6 years
2024: €200k▼ -32.3% vs 2023
2025: €37k▼ -81.6% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€339k▲ 69.4%€347k▲ 2.4%€236k▼ 32.2%€56k▼ 76.3%
2021: €200k
2022: €339k▲ +69.4% vs 2021
2023: €347k▲ +2.4% vs 2022highest in 5 years
2024: €236k▼ -32.2% vs 2023
2025: €56k▼ -76.3% vs 2024lowest in 5 years
Operating result€267k-€180k▼ 32.6%€305k▲ 69.7%€160k▼ 47.6%€-179k
2021: €267k
2022: €180k▼ -32.6% vs 2021
2023: €305k▲ +69.7% vs 2022highest in 5 years
2024: €160k▼ -47.6% vs 2023
2025: €-179k▼ -212% vs 2024lowest in 5 years
Net result€207k-€139k▼ 32.8%€231k▲ 65.8%€123k▼ 46.5%€-180k
2021: €207k
2022: €139k▼ -32.8% vs 2021
2023: €231k▲ +65.8% vs 2022highest in 5 years
2024: €123k▼ -46.5% vs 2023
2025: €-180k▼ -246% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €179k after €160k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€21k ▼ 45.5%
Current assets
€46k ▼ 79.7%
Equity and liabilities €67k
Equity
€56k ▼ 76.3%
Debt
€11k ▼ 60.4%
Debt's share of the balance-sheet total rises from 10.4% to 16.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-161k▼
2024 · €178k
Cash flow
€-161k▼
2024 · €142k
Current ratio
5.25▼
2024 · 9.25
Debt to equity
0.19▲
2024 · 0.12
ROE
-322.3%▼
2024 · 52.4%
ROA
-269.8%▼
2024 · 46.9%
Interest coverage
-1118.89▼
2024 · 1201.75
Debt ≤ 1 year
€9k▼
2024 · €24k
Income taxes
€320▼
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€263k€67k▼
Fixed assets21/28€39k€21k▼
Tangible fixed assets22/27€39k€21k▼
Land and buildings22€13k€12k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€24k€8k▼
Current assets29/58€224k€46k▼
Amounts receivable within one year40/41€162k€5k▼
Trade receivables40€138k€3k▼
Other amounts receivable41€24k€1k▼
Cash at bank and in hand54/58€53k€36k▼
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€263k€67k▼
Equity10/15€236k€56k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€217k€37k▼
Amounts payable17/49€27k€11k▼
Amounts payable within one year42/48€24k€9k▼
Trade debts44€7k-
Suppliers440/4€7k-
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€15k€3k▼
Remuneration and social security454/9-€6k
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A-€20k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€1k€757▼
Gross operating margin9900€179k€-160k▼
Operating profit (loss)9901€160k€-179k▼
Financial income75/76B€100€2▼
Recurring financial income75€100€2▼
Financial charges65/66B€148€144▼
Recurring financial charges65€148€144▼
Profit (loss) for the period before taxes9903€160k€-179k▼
Income taxes67/77€36k€320▼
Profit (loss) for the period9904€123k€-180k▼
Profit (loss) for the period to be appropriated9905€123k€-180k▼
Appropriation of the result
Profit (loss) to be appropriated9906€217k€37k▼
Profit (loss) brought forward from the previous period14P€94k€217k▲
Transfer from equity791/2€235k-
Profit to be distributed694/7€235k-
Return on contributions (dividend)694€235k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €20k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €13k | €18k | €18k | €19k | ▲ 1.0% |
| Other operating charges640/8 | - | €432 | €1k | €1k | €757 | ▼ 29.6% |
| Gross operating margin9900 | €268k | €193k | €324k | €179k | €-160k | ▼ 189% |
| Operating profit (loss)9901 | €267k | €180k | €305k | €160k | €-179k | ▼ 212% |
| Financial income75/76B | - | €6 | €1 | €100 | €2 | ▼ 98.4% |
| Recurring financial income75 | €6 | €6 | €1 | €100 | €2 | ▼ 98.4% |
| Financial charges65/66B | - | €88 | €87 | €148 | €144 | ▼ 3.2% |
| Recurring financial charges65 | €76 | €88 | €87 | €148 | €144 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €267k | €180k | €305k | €160k | €-179k | ▼ 212% |
| Income taxes67/77 | €60k | €41k | €74k | €36k | €320 | ▼ 99.1% |
| Profit (loss) for the period9904 | €207k | €139k | €231k | €123k | €-180k | ▼ 246% |
| Profit (loss) for the period to be appropriated9905 | €207k | €139k | €231k | €123k | €-180k | ▼ 246% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €301k | €417k | €409k | €263k | €67k | ▼ 74.7% |
| Fixed assets21/28 | €21k | €73k | €55k | €39k | €21k | ▼ 45.5% |
| Tangible fixed assets22/27 | €21k | €73k | €55k | €39k | €21k | ▼ 45.5% |
| Land and buildings22 | - | €16k | €15k | €13k | €12k | ▼ 8.9% |
| Plant, machinery and equipment23 | - | €930 | €530 | €2k | €1k | ▼ 32.8% |
| Furniture and vehicles24 | - | €56k | €40k | €24k | €8k | ▼ 67.3% |
| Current assets29/58 | €280k | €344k | €354k | €224k | €46k | ▼ 79.7% |
| Amounts receivable within one year40/41 | €47k | €100k | €99k | €162k | €5k | ▼ 97.1% |
| Trade receivables40 | - | €100k | €92k | €138k | €3k | ▼ 97.5% |
| Other amounts receivable41 | - | €3 | €7k | €24k | €1k | ▼ 94.6% |
| Cash at bank and in hand54/58 | €233k | €239k | €241k | €53k | €36k | ▼ 32.4% |
| Deferred charges and accrued income490/1 | - | €5k | €14k | €10k | €5k | ▼ 46.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €301k | €417k | €409k | €263k | €67k | ▼ 74.7% |
| Equity10/15 | €200k | €339k | €347k | €236k | €56k | ▼ 76.3% |
| Contributions10/11 | - | €6k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €194k | €333k | €329k | €217k | €37k | ▼ 82.9% |
| Amounts payable17/49 | €101k | €77k | €62k | €27k | €11k | ▼ 60.4% |
| Amounts payable within one year42/48 | €98k | €74k | €59k | €24k | €9k | ▼ 64.2% |
| Trade debts44 | €1k | - | €961 | €7k | - | - |
| Suppliers440/4 | - | - | €961 | €7k | - | - |
| Taxes, remuneration and social security45 | - | €64k | €58k | €15k | €9k | ▼ 42.9% |
| Taxes450/3 | - | €64k | €58k | €15k | €3k | ▼ 83.0% |
| Remuneration and social security454/9 | - | - | - | - | €6k | - |
| Other amounts payable47/48 | - | €11k | - | €2k | - | - |
| Accrued charges and deferred income492/3 | - | €3k | €3k | €3k | €2k | ▼ 31.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €207k | €139k | €231k | €123k | €-180k | ▼ 246% |
| + Depreciation and write-downs630 | €1k | €13k | €18k | €18k | €19k | ▲ 1.0% |
| Operating cash flow (approximation) | €208k | €152k | €249k | €142k | €-161k | ▼ 214% |
| Investment in fixed assets (approximation) | - | €-65k | €0 | €-2k | €-1k | ▲ 51.1% |
| Change in cash | - | €6k | €2k | €-188k | €-17k | ▲ 90.9% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
31-03
Financial
Weakest financial yearnet €-180k
Net result drops to €-180k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2020net €231k ▲65.8%
Operating result €305k, net result €231k, both a record.
2022
15-12
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
05-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €207k
Net result €207k after one loss-making year.
31-03
Financial
Liquidity quadruplescurrent ratio 2.85
Current ratio from 0.65 to 2.85.
31-03
Financial
Equity above €200kEq €200k
Equity rises from €-7k to €200k.
Show earlier events
05-02
State Gazette act
Incorporation · Founding capital
Corporate purpose · Founder
05-02
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
2020
12-11
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
12-11
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
14-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
14-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
13-07
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
08-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
08-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
3 acts for this company are 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, Leuven · 1 establishment unit since 2019
Ground area
1,500 m²
Building footprint
221 m²
Volume, LiDAR
1,624 m³
Parcel 24432H0053/00G000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Gefyra
since 20192.289.590.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24432H0053/00G000 | Flanders | 1,500 m² | 1 · 221 m² | 11.5 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 companyLinked via shared directors
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
4 locations
Similar companies · same sector, comparable size
DERATECH HOLDING
BE 0628.576.529
Lokeren · Eq €55,756
Xynominds
BE 1014.634.351
Kortrijk · Eq €55,726
Fonkelveer
BE 0795.911.328
Zemst · Eq €55,723
SOPA CONSULT
BE 0898.649.471
Tournai · Eq €55,889
SMEcon
BE 1013.112.441
Gingelom · Eq €55,896
Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 6,992 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
Founded09-04-2019
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.