SHOPART
ActiveSummary
SHOPART has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-758k) and a net result of €-7k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 5% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-19
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.2 in 2024; short-term debt: 306.7% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
-206.7%
Return on assets
-2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €-758k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
61 d late
2022
327 d late
2020
89 d late
2019
118 d late
2018
12 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k
2024 · €22k
2018: €-93k
2019: €-166k▼ -78.0% vs 2018lowest value
2020: €53k▲ +132% vs 2019highest value
2022: €544
2023: €-8k▼ -1608% vs 2022
2024: €22k▲ +366% vs 2023
2025: €-7k▼ -133% vs 2024
2018 → 2025
Working capital
€-894k▼ 0.8%
2024 · €-887k
2018: €-18khighest value
2019: €-52k▼ -190% vs 2018
2020: €-61k▼ -15.9% vs 2019
2022: €-925klowest value
2023: €-914k▲ +1.2% vs 2022
2024: €-887k▲ +3.0% vs 2023
2025: €-894k▼ -0.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€-711k-€-764k▼ 7.5%€-772k▼ 1.1%€-750k▲ 2.8%€-758k▼ 1.0%
2020: €-711khighest value
2022: €-764k
2023: €-772k▼ -1.1% vs 2022lowest value
2024: €-750k▲ +2.8% vs 2023
2025: €-758k▼ -1.0% vs 2024
Operating result€53k-€1k▼ 98.1%€-8k€22k€-7k
2020: €53khighest value
2022: €1k
2023: €-8k▼ -889% vs 2022lowest value
2024: €22k▲ +366% vs 2023
2025: €-7k▼ -133% vs 2024
Net result€53k-€544▼ 99.0%€-8k€22k€-7k
2020: €53khighest value
2022: €544
2023: €-8k▼ -1608% vs 2022lowest value
2024: €22k▲ +366% vs 2023
2025: €-7k▼ -133% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367k
Fixed assets
€137k =
Current assets
€230k ▲ 0.7%
Key figures and ratios
Solvency
-206.7%▼
2024 · -205.5%
Current ratio
0.20▼
2024 · 0.20
Debt to equity
-1.48▲
2024 · -1.49
ROA
-2.0%▼
2024 · 6.0%
Debt
€1.12M▲
2024 · €1.12M
Debt ≤ 1 year
€1.12M▲
2024 · €1.12M
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€365k€367k▲
Fixed assets21/28€137k€137k=
Intangible fixed assets21€15k€15k=
Tangible fixed assets22/27€122k€122k=
Land and buildings22€104k€104k=
Plant, machinery and equipment23€14k€14k=
Furniture and vehicles24€868€868=
Other tangible fixed assets26€3k€3k=
Current assets29/58€228k€230k▲
Amounts receivable within one year40/41€228k€229k▲
Trade receivables40€224k€225k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€350€350=
Equity and liabilities
Total equity and liabilities10/49€365k€367k▲
Equity10/15€-750k€-758k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-769k€-776k▼
Amounts payable17/49€1.12M€1.12M▲
Amounts payable within one year42/48€1.12M€1.12M▲
Financial debts43€10k€10k=
Credit institutions430/8€10k€10k=
Trade debts44€331k€339k▲
Suppliers440/4€331k€339k▲
Taxes, remuneration and social security45€190€333▲
Taxes450/3€190€333▲
Other amounts payable47/48€775k€775k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k-
Other operating charges640/8€4k€2k▼
Gross operating margin9900€35k€-5k▼
Operating profit (loss)9901€22k€-7k▼
Financial income75/76B€6-
Recurring financial income75€6-
Profit (loss) for the period before taxes9903€22k€-7k▼
Profit (loss) for the period9904€22k€-7k▼
Profit (loss) for the period to be appropriated9905€22k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-769k€-776k▼
Profit (loss) brought forward from the previous period14P€-791k€-769k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €11k | €10k | - | - |
| Other operating charges640/8 | - | €1k | €2k | €4k | €2k | ▼ 57.6% |
| Gross operating margin9900 | €62k | €12k | €5k | €35k | €-5k | ▼ 115% |
| Operating profit (loss)9901 | €53k | €1k | €-8k | €22k | €-7k | ▼ 133% |
| Financial income75/76B | - | - | €8 | €6 | - | - |
| Recurring financial income75 | - | - | €8 | €6 | - | - |
| Financial charges65/66B | - | €305 | €17 | - | - | - |
| Recurring financial charges65 | €345 | €305 | €17 | - | - | - |
| Profit (loss) for the period before taxes9903 | €53k | €733 | €-8k | €22k | €-7k | ▼ 133% |
| Income taxes67/77 | - | €190 | - | - | - | - |
| Profit (loss) for the period9904 | €53k | €544 | €-8k | €22k | €-7k | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | €53k | €544 | €-8k | €22k | €-7k | ▼ 133% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €482k | €409k | €377k | €365k | €367k | ▲ 0.4% |
| Fixed assets21/28 | €220k | €169k | €151k | €137k | €137k | = |
| Intangible fixed assets21 | €15k | €15k | €15k | €15k | €15k | = |
| Tangible fixed assets22/27 | €154k | €155k | €136k | €122k | €122k | = |
| Land and buildings22 | - | €137k | €112k | €104k | €104k | = |
| Plant, machinery and equipment23 | - | €6k | €15k | €14k | €14k | = |
| Furniture and vehicles24 | - | €6k | €4k | €868 | €868 | = |
| Other tangible fixed assets26 | - | €5k | €4k | €3k | €3k | = |
| Financial fixed assets28 | €51k | - | - | - | - | - |
| Current assets29/58 | €262k | €239k | €227k | €228k | €230k | ▲ 0.7% |
| Stocks and contracts in progress3 | €14k | €14k | €0 | - | - | - |
| Stocks30/36 | - | €14k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €248k | €225k | €227k | €228k | €229k | ▲ 0.7% |
| Trade receivables40 | - | €224k | €224k | €224k | €225k | ▲ 0.4% |
| Other amounts receivable41 | - | €419 | €2k | €3k | €4k | ▲ 20.2% |
| Cash at bank and in hand54/58 | €79 | €80 | €79 | €350 | €350 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €482k | €409k | €377k | €365k | €367k | ▲ 0.4% |
| Equity10/15 | €-711k | €-764k | €-772k | €-750k | €-758k | ▼ 1.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-729k | €-782k | €-791k | €-769k | €-776k | ▼ 0.9% |
| Amounts payable17/49 | €1.19M | €1.17M | €1.15M | €1.12M | €1.12M | ▲ 0.8% |
| Amounts payable after more than one year17 | €861k | - | - | - | - | - |
| Amounts payable within one year42/48 | €323k | €1.16M | €1.14M | €1.12M | €1.12M | ▲ 0.8% |
| Financial debts43 | - | €10k | €10k | €10k | €10k | = |
| Credit institutions430/8 | - | €10k | €10k | €10k | €10k | = |
| Trade debts44 | €319k | €335k | €338k | €331k | €339k | ▲ 2.6% |
| Suppliers440/4 | - | €335k | €338k | €331k | €339k | ▲ 2.6% |
| Taxes, remuneration and social security45 | - | €190 | €190 | €190 | €333 | ▲ 75.8% |
| Taxes450/3 | - | €190 | €190 | €190 | €333 | ▲ 75.8% |
| Other amounts payable47/48 | - | €820k | €794k | €775k | €775k | = |
| Accrued charges and deferred income492/3 | - | €8k | €8k | - | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €544 | €-8k | €22k | €-7k | ▼ 133% |
| + Depreciation and write-downs630 | €7k | €9k | €11k | €10k | - | - |
| Operating cash flow (approximation) | €60k | €10k | €2k | €31k | €-7k | ▼ 123% |
| Investment in fixed assets (approximation) | - | - | €8k | €4k | €0 | ▼ 100% |
| Change in cash | - | - | €-1 | €271 | €0 | ▼ 100% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 327 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-12
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
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.
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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, Elsene · 1 establishment unit since 2011
Ground area
2,813 m²
Building footprint
1,563 m²
Volume, LiDAR
18,924 m³
2 parcels, Brussels · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ArtisanArt
since 20112.202.460.422
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0275/00N007 | Brussels | 1,700 m² | 1 · 855 m² | 11.4 m · 2 fl. |
| 21443C0202/00S000 | Brussels | 1,112 m² | 1 · 707 m² | 24.3 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,994 companies in sector 90120 we hold annual accounts for 210. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
90120Visual arts creation
63910Web portal activities
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.