Active BE 0758.515.551Private limited company

SHMS

Nieuwbrugstraat 68 ·1830 Machelen (Brab.), Belgium· 5 yrs active

Sector: Algemene bouw van residentiële gebouwen (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of SHMS is 2.3% (moderate). The 2024 annual accounts show equity of €26k and a net result of €19k. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 3827 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€26k
Net result	€19k
Staff (FTE)	4.4
Better than sector	28%

Snowflake analysis 5 of 5 axes measured · computed by Checked

75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 76

Profitability 100

Solvency 25

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

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 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

76 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 22-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~36.9%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	19.6%	39.4%	better than 28% of 3827 sector peers
Net result	€19k	€9k	better than 66% of 3824 sector peers
Equity	€26k	€29k	better than 46% of 3832 sector peers
Gross operating margin	€197k	€26k	better than 95% of 3822 sector peers
Staff costs	€117k	€16k	higher than 89% of 1125 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€25k

- 21-24

Net profit

€19k

+1625.3% 21-24

Cash flow

€19k

- 21-24

Total assets

€130k

+228.6% 21-24

Equity

€26k

+277.9% 21-24

Working capital

€5k

-32.8% 21-24

Employees (FTE)

4

+300.0% 21-24

Staff costs

€117k

+459.1% 21-24

Income taxes

€6k

+234.6% 21-24

Debt

€105k

+218.5% 21-24

Debt ≤ 1y

€105k

+218.5% 21-24

Current ratio

1.04

-13.4% 21-24

Quick ratio

1.04

-13.4% 21-24

Solvency

19.6%

+15.0% 21-24

Debt / equity

4.10

-15.7% 21-24

ROE

73.5%

+356.5% 21-24

ROA

14.4%

+425.0% 21-24

Interest coverage

46.33

- 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€25k
Net profit	€19k
Cash flow	€19k
Staff costs	€117k
Income taxes	€6k
Dividends	-
Total assets	€130k
Equity	€26k
Debt	€105k
of which ≤ 1y	€105k
of which > 1y	-
Working capital	€5k
Employees (FTE)	4.4

Ratios (computed)

	2024
Current ratio	1.04
Quick ratio	1.04
Working capital ratio	3.5%
Solvency	19.6%
Debt / equity	4.10
Long-term debt ratio	-
Interest coverage	46.33
Gross margin	-
Net margin	-
ROA	14.4%
ROE	73.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €21k · 16.1% Current assets €109k · 83.9%

Equity & liabilities

Equity €26k · 19.6% Debt €105k · 80.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€130k
Fixed assets	21/28	€21k
Tangible fixed assets	22/27	€21k
Current assets	29/58	€109k
Amounts receivable within one year	40/41	€82k
Cash & bank	54/58	€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€130k
Equity	10/15	€26k
Contributions / capital	10/11	€1k
Accumulated profits (losses)	14	€25k
Amounts payable	17/49	€105k
Amounts payable within one year	42/48	€105k
Trade debts payable within one year	44	€83k
Income statement
Gross operating margin	9900	€197k
Operating result	9901	€25k
Financial income	75	€1
Financial charges	65	€549
Result before taxes	9903	€25k
Income taxes	67/77	€6k
Net result for the period	9904	€19k
Result to be appropriated	9905	€19k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

VERMEULEN Thierry Roger
Director
State Gazette act 24138101 (25-09-2024)

Current
01-09-2024 → present

Former directors (1)

SELVI Semih
Director
State Gazette act 24138101 (25-09-2024)

Former
- → 01-09-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Private limited company(610)
Incorporation	17-11-2020
Status	Active
Postal code	1830

Establishment units 1 location

ARS Asbest Removal Solutions

Nieuwbrugstraat 68, 1830 Machelen (Brab.)Optrekken van de ruwbouw van individuele huizen

since 20202.309.757.466

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 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23047A0360/00S000	Flanders	1.1 ha	1 · 5,725 m²	10.6 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

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

2025

22-09-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

18-02-2025

State Gazette act Capital & shares

2024

25-09-2024

State Gazette act Capital & shares

30-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

11-09-2023

State Gazette act Capital & shares

Serge Solau

30-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

14-06-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

Belgisch Staatsblad, acts 3 acts

Capital history · 3

18-02-2025

Capital change

25-09-2024

Capital change

11-09-2023

Capital change

All acts · 3 updated 1 year ago

2025

18-02-2025 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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2024

25-09-2024 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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2023

11-09-2023 All shares are now held by a single shareholder Capital & shares·Serge Solau

Notary: Serge Solau · Luik

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Company registry (CBE) Crossroads Bank

Activities

Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Schrijnwerk43320Schrijnwerk43320Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390

Primary activity highlighted.

Names & trade names

Legal nameNL

SHMS

Registered office

Nieuwbrugstraat 68 bus 5.2

1830 Machelen (Brab.), Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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