SHMS
ActiveSummary
The computed 12-month bankruptcy probability of SHMS is 1.9% (moderate). The 2025 annual accounts show equity of €28,205 and a net result of €2,652. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 7586 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-43
Solvency38▼-7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.0 against 1.04 in 2024; short-term debt: 86.8% and cash: 10.2% of total assets), and 87.3% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
12.7%
Return on assets
1.2%
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 20% of 7586 sector peers (2025).
NBB · sector comparisonPosition among 7586 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €28,205
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 5 filingsDeviation from the deadline
2025
39 d late
2024
53 d late
2023
1 d early
2022
30 d late
2021
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€28,205▲ 10.4%
2024 · €25,554
Total assets
€221,244▲ 69.7%
2024 · €130,357
Net result
€2,652▼ 85.9%
2024 · €18,792
Working capital
€502▼ 88.9%
2024 · €4,540
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€5,719--€705€3,083€25,354▲ 722%€5,854▼ 76.9%
Net result€5,577within the sector's middle half--€905below the sector's middle half€1,089within the sector's middle half€18,792within the sector's middle half▲ 1,625%€2,652within the sector's middle half▼ 85.9%
Equity€6,577below the sector's middle half-€5,672below the sector's middle half▼ 13.8%€6,761below the sector's middle half▲ 19.2%€25,554within the sector's middle half▲ 278%€28,205within the sector's middle half▲ 10.4%
Total assets€6,577below the sector's middle half-€6,496below the sector's middle half▼ 1.2%€39,670below the sector's middle half▲ 511%€130,357within the sector's middle half▲ 229%€221,244within the sector's middle half▲ 69.7%
Debt€824€32,909▲ 3,893%€104,803▲ 218%€193,039▲ 84.2%
Working capital€5,672within the sector's middle half€6,761within the sector's middle half▲ 19.2%€4,540within the sector's middle half▼ 32.8%€502below the sector's middle half▼ 88.9%
Solvency100.0%above the sector's middle half-87.3%above the sector's middle half▼ 12.7pp17.0%within the sector's middle half▼ 70.3pp19.6%within the sector's middle half▲ 2.6pp12.7%below the sector's middle half▼ 6.9pp
Current ratio7.88above the sector's middle half1.21within the sector's middle half▼ 6.681.04below the sector's middle half▼ 0.161.00below the sector's middle half▼ 0.04
Return on assets (ROA)84.8%above the sector's middle half--13.9%below the sector's middle half▼ 98.7pp2.7%within the sector's middle half▲ 16.7pp14.4%within the sector's middle half▲ 11.7pp1.2%within the sector's middle half▼ 13.2pp
Staff (FTE)1.14.4▲ 300%4.3▼ 2.3%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,244
Fixed assets
€28,687 ▲ 36.5%
Current assets
€192,557 ▲ 76.1%
Equity and liabilities €221,244
Equity
€28,205 ▲ 10.4%
Debt
€193,039 ▲ 84.2%
Debt's share of the balance-sheet total rises from 80.4% to 87.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,379▼
2024 · €25,420
Cash flow
€3,177▼
2024 · €18,859
Quick ratio
0.99▼
2024 · 1.04
Debt to equity
6.84▲
2024 · 4.10
ROE
9.4%▼
2024 · 73.5%
Interest coverage
2.85▼
2024 · 46.33
Debt ≤ 1 year
€192,055▲
2024 · €104,803
Income taxes
€968▼
2024 · €6,014
Staff costs
€157,942▲
2024 · €117,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 3,273 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €20,930 | €117,021 | €157,942 | ▲ 35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €67 | €525 | ▲ 686% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €51,400 | -€10,854 | ▼ 121% |
| Other operating charges640/8 | €364 | €405 | €1,248 | €3,644 | €3,511 | ▼ 3.6% |
| Gross operating margin9900 | €6,083 | -€300 | €25,261 | €197,485 | €156,978 | ▼ 20.5% |
| Operating profit (loss)9901 | €5,719 | -€705 | €3,083 | €25,354 | €5,854 | ▼ 76.9% |
| Financial income75/76B | - | - | - | €1 | €2 | ▲ 104% |
| Recurring financial income75 | - | - | - | €1 | €2 | ▲ 104% |
| Financial charges65/66B | €142 | €201 | €197 | €549 | €2,236 | ▲ 307% |
| Recurring financial charges65 | €142 | €201 | €197 | €549 | €2,236 | ▲ 307% |
| Profit (loss) for the period before taxes9903 | €5,577 | -€905 | €2,886 | €24,806 | €3,620 | ▼ 85.4% |
| Income taxes67/77 | - | - | €1,797 | €6,014 | €968 | ▼ 83.9% |
| Profit (loss) for the period9904 | €5,577 | -€905 | €1,089 | €18,792 | €2,652 | ▼ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €5,577 | -€905 | €1,089 | €18,792 | €2,652 | ▼ 85.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,577 | €6,496 | €39,670 | €130,357 | €221,244 | ▲ 69.7% |
| Fixed assets21/28 | - | - | - | €21,013 | €28,687 | ▲ 36.5% |
| Tangible fixed assets22/27 | - | - | - | €21,013 | €28,687 | ▲ 36.5% |
| Plant, machinery and equipment23 | - | - | - | €1,013 | €2,494 | ▲ 146% |
| Furniture and vehicles24 | - | - | - | €20,000 | €26,193 | ▲ 31.0% |
| Current assets29/58 | €6,577 | €6,496 | €39,670 | €109,343 | €192,557 | ▲ 76.1% |
| Stocks and contracts in progress3 | - | - | - | - | €3,117 | - |
| Stocks30/36 | - | - | - | - | €3,117 | - |
| Amounts receivable within one year40/41 | €6,496 | €6,496 | €24,917 | €82,496 | €165,864 | ▲ 101% |
| Trade receivables40 | - | - | €18,512 | €72,173 | €119,010 | ▲ 64.9% |
| Other amounts receivable41 | €6,496 | €6,496 | €6,405 | €10,322 | €46,854 | ▲ 354% |
| Cash at bank and in hand54/58 | €81 | - | €14,753 | €21,072 | €22,485 | ▲ 6.7% |
| Deferred charges and accrued income490/1 | - | - | - | €5,775 | €1,091 | ▼ 81.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,577 | €6,496 | €39,670 | €130,357 | €221,244 | ▲ 69.7% |
| Equity10/15 | €6,577 | €5,672 | €6,761 | €25,554 | €28,205 | ▲ 10.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €5,577 | €4,672 | €5,761 | €24,554 | €27,205 | ▲ 10.8% |
| Amounts payable17/49 | - | €824 | €32,909 | €104,803 | €193,039 | ▲ 84.2% |
| Amounts payable within one year42/48 | - | €824 | €32,909 | €104,803 | €192,055 | ▲ 83.3% |
| Financial debts43 | - | €120 | - | - | - | - |
| Credit institutions430/8 | - | €120 | - | - | - | - |
| Trade debts44 | - | €705 | €20,903 | €83,458 | €180,191 | ▲ 116% |
| Suppliers440/4 | - | €705 | €20,903 | €83,458 | €180,191 | ▲ 116% |
| Taxes, remuneration and social security45 | - | - | €11,824 | €20,035 | €7,786 | ▼ 61.1% |
| Taxes450/3 | - | - | €2,612 | €9,144 | €7,021 | ▼ 23.2% |
| Remuneration and social security454/9 | - | - | €9,212 | €10,891 | €765 | ▼ 93.0% |
| Other amounts payable47/48 | - | - | €182 | €1,310 | €4,078 | ▲ 211% |
| Accrued charges and deferred income492/3 | - | - | - | - | €984 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,577 | -€905 | €1,089 | €18,792 | €2,652 | ▼ 85.9% |
| + Depreciation and write-downs630 | - | - | - | €67 | €525 | ▲ 686% |
| Operating cash flow (approximation) | €5,577 | -€905 | €1,089 | €18,859 | €3,177 | ▼ 83.2% |
| Investment in fixed assets (approximation) | - | - | - | - | -€8,198 | - |
| Change in cash | - | - | - | €6,319 | €1,413 | ▼ 77.6% |
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
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 39 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2021net €18,792 ▲1,625%
Operating result €25,354, net result €18,792, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,089
Net result €1,089 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€905
Net result drops to -€905, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Machelen (Brab.) · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
5,725 m²
Volume, LiDAR
36,915 m³
Parcel 23047A0360/00S000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
ARS Asbest Removal Solutions
since 20202.309.757.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047A0360/00S000 | Flanders | 1.1 ha | 1 · 5,725 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,430 EUR awarded · 2,430 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,430 EUR | 2,430 EUR |
Similar companies · same sector, comparable size
EXIGENCE RENOVATION
BE 0628.773.497
Vorst · Eq €28,209
UPPER FINISH
BE 1000.250.439
Dilbeek · Eq €28,209
TADEX
BE 0875.891.786
Sint-Gillis (bij-Brussel) · Eq €28,212
DTH CONSTRUCT
BE 0535.946.675
Schaarbeek · Eq €28,220
NEW CD CONSTRUCT
BE 0782.984.493
La Louvière · Eq €28,187
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,326 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
Founded17-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758515551
Registered
29-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.