SHOPPERWARE
ActiveSummary
The annual accounts of SHOPPERWARE for fiscal year 2025 show a net loss of 76% of total assets. The 2025 annual accounts show equity of €61k and a net result of €-51k. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 31791 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very 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▼-94
Solvency100▲+42
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k 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 6.21 against 1.43 in 2024; short-term debt: 8.4% and cash: 18.6% of total assets), and 8.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
91.6%
Return on assets
-75.8%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
84 d early
2023
47 d early
2022
26 d early
2021
10 d late
2020
1 d early
2019
25 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
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€61k▼ 45.3%
2024 · €112k
2018: €14k
2019: €14k● 0.0% vs 2018
2020: €7k▼ -49.4% vs 2019lowest in 8 years
2021: €7k▲ +0.7% vs 2020
2022: €26k▲ +255% vs 2021
2023: €44k▲ +69.9% vs 2022
2024: €112k▲ +153% vs 2023highest in 8 years
2025: €61k▼ -45.3% vs 2024
2018 → 2025
Total assets
€67k▼ 80.2%
2024 · €339k
2018: €40klowest in 8 years
2019: €54k▲ +36.0% vs 2018
2020: €54k● 0.0% vs 2019
2021: €58k▲ +8.0% vs 2020
2022: €165k▲ +182% vs 2021
2023: €78k▼ -53.0% vs 2022
2024: €339k▲ +337% vs 2023highest in 8 years
2025: €67k▼ -80.2% vs 2024
2018 → 2025
Net result
€-51k
2024 · €68k
2018: €18k
2019: €18k● 0.0% vs 2018
2020: €-12k▼ -168% vs 2019
2021: €12k▲ +200% vs 2020
2022: €19k▲ +53.7% vs 2021
2023: €18k▼ -2.8% vs 2022
2024: €68k▲ +272% vs 2023highest in 8 years
2025: €-51k▼ -175% vs 2024lowest in 8 years
2018 → 2025
Working capital
€29k▼ 68.3%
2024 · €93k
2018: €542lowest in 8 years
2019: €8k▲ +1403% vs 2018
2020: €8k● 0.0% vs 2019
2021: €2k▼ -74.7% vs 2020
2022: €27k▲ +1223% vs 2021
2023: €9k▼ -68.2% vs 2022
2024: €93k▲ +970% vs 2023highest in 8 years
2025: €29k▼ -68.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€26k▲ 255%€44k▲ 69.9%€112k▲ 153%€61k▼ 45.3%
2021: €7klowest in 5 years
2022: €26k▲ +255% vs 2021
2023: €44k▲ +69.9% vs 2022
2024: €112k▲ +153% vs 2023highest in 5 years
2025: €61k▼ -45.3% vs 2024
Operating result€15k-€26k▲ 73.4%€27k▲ 3.9%€103k▲ 283%€-50k
2021: €15k
2022: €26k▲ +73.4% vs 2021
2023: €27k▲ +3.9% vs 2022
2024: €103k▲ +283% vs 2023highest in 5 years
2025: €-50k▼ -149% vs 2024lowest in 5 years
Net result€12k-€19k▲ 53.7%€18k▼ 2.8%€68k▲ 272%€-51k
2021: €12k
2022: €19k▲ +53.7% vs 2021
2023: €18k▼ -2.8% vs 2022
2024: €68k▲ +272% vs 2023highest in 5 years
2025: €-51k▼ -175% 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 €50k after €103k 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
€32k ▲ 9.3%
Current assets
€35k ▼ 88.7%
Equity and liabilities €67k
Equity
€61k ▼ 45.3%
Debt
€6k ▼ 97.5%
Debt's share of the balance-sheet total falls from 66.9% to 8.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-42k▼
2024 · €110k
Cash flow
€-43k▼
2024 · €75k
Current ratio
6.21▲
2024 · 1.43
Debt to equity
0.09▼
2024 · 2.02
ROE
-82.8%▼
2024 · 60.5%
ROA
-75.8%▼
2024 · 20.0%
Interest coverage
-113.90▼
2024 · 800.27
Debt ≤ 1 year
€6k▼
2024 · €217k
Income taxes
€141▼
2024 · €35k
Staff costs
€0▲
2024 · €-50
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€339k€67k▼
Fixed assets21/28€29k€32k▲
Tangible fixed assets22/27€28k€32k▲
Furniture and vehicles24€21k€16k▼
Other tangible fixed assets26€7k€16k▲
Financial fixed assets28€771€0▼
Current assets29/58€310k€35k▼
Amounts receivable within one year40/41€303k€21k▼
Trade receivables40€303k€21k▼
Cash at bank and in hand54/58€5k€12k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€339k€67k▼
Equity10/15€112k€61k▼
Contributions10/11€15k€15k=
Reserves13€97k€97k=
Distributable reserves133€97k€97k=
Profit (loss) carried forward14€114€-51k▼
Amounts payable17/49€227k€6k▼
Amounts payable within one year42/48€217k€6k▼
Trade debts44€127k€73▼
Suppliers440/4€127k€73▼
Taxes, remuneration and social security45€78k€2k▼
Taxes450/3€76k€2k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€12k€4k▼
Accrued charges and deferred income492/3€10k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€-50€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€598€1k▲
Gross operating margin9900€111k€-41k▼
Operating profit (loss)9901€103k€-50k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€138€369▲
Recurring financial charges65€138€369▲
Profit (loss) for the period before taxes9903€103k€-51k▼
Income taxes67/77€35k€141▼
Profit (loss) for the period9904€68k€-51k▼
Profit (loss) for the period to be appropriated9905€68k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€-51k▼
Profit (loss) brought forward from the previous period14P€104€114▲
Transfer to equity691/2€68k€0▼
To other reserves6921€68k€0▼
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1k | €766 | €532 | €-50 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €6k | €7k | €8k | ▲ 10.6% |
| Other operating charges640/8 | €1k | €1k | €1k | €598 | €1k | ▲ 112% |
| Gross operating margin9900 | €20k | €31k | €35k | €111k | €-41k | ▼ 137% |
| Operating profit (loss)9901 | €15k | €26k | €27k | €103k | €-50k | ▼ 149% |
| Financial income75/76B | - | €5 | €1 | €0 | €0 | - |
| Recurring financial income75 | - | €5 | €1 | €0 | €0 | - |
| Financial charges65/66B | €1k | €100 | €196 | €138 | €369 | ▲ 167% |
| Recurring financial charges65 | €1k | €100 | €196 | €138 | €369 | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €14k | €26k | €27k | €103k | €-51k | ▼ 149% |
| Income taxes67/77 | €2k | €7k | €8k | €35k | €141 | ▼ 99.6% |
| Profit (loss) for the period9904 | €12k | €19k | €18k | €68k | €-51k | ▼ 175% |
| Profit (loss) for the period to be appropriated9905 | €12k | €19k | €18k | €68k | €-51k | ▼ 175% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58k | €165k | €78k | €339k | €67k | ▼ 80.2% |
| Fixed assets21/28 | €7k | €16k | €37k | €29k | €32k | ▲ 9.3% |
| Tangible fixed assets22/27 | €7k | €15k | €36k | €28k | €32k | ▲ 12.3% |
| Furniture and vehicles24 | €7k | €3k | €27k | €21k | €16k | ▼ 24.7% |
| Other tangible fixed assets26 | - | €12k | €9k | €7k | €16k | ▲ 127% |
| Financial fixed assets28 | €771 | €771 | €771 | €771 | €0 | ▼ 100% |
| Current assets29/58 | €51k | €149k | €41k | €310k | €35k | ▼ 88.7% |
| Amounts receivable within one year40/41 | €38k | €126k | €36k | €303k | €21k | ▼ 93.0% |
| Trade receivables40 | €38k | €126k | €36k | €303k | €21k | ▼ 93.0% |
| Cash at bank and in hand54/58 | €13k | €23k | €5k | €5k | €12k | ▲ 133% |
| Deferred charges and accrued income490/1 | - | - | €211 | €2k | €2k | ▼ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58k | €165k | €78k | €339k | €67k | ▼ 80.2% |
| Equity10/15 | €7k | €26k | €44k | €112k | €61k | ▼ 45.3% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €2k | €11k | €29k | €97k | €97k | = |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | - | €11k | €29k | €97k | €97k | = |
| Profit (loss) carried forward14 | €-10k | €95 | €104 | €114 | €-51k | ▼ 44,578% |
| Amounts payable17/49 | €51k | €139k | €33k | €227k | €6k | ▼ 97.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €49k | €122k | €32k | €217k | €6k | ▼ 97.4% |
| Financial debts43 | €6k | €0 | - | - | - | - |
| Other loans439 | €6k | €0 | - | - | - | - |
| Trade debts44 | €23k | €85k | €2k | €127k | €73 | ▼ 99.9% |
| Suppliers440/4 | €23k | €85k | €2k | €127k | €73 | ▼ 99.9% |
| Taxes, remuneration and social security45 | €11k | €27k | €21k | €78k | €2k | ▼ 97.5% |
| Taxes450/3 | €9k | €26k | €19k | €76k | €2k | ▼ 97.4% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €10k | €9k | €9k | €12k | €4k | ▼ 69.3% |
| Accrued charges and deferred income492/3 | €2k | €17k | €1k | €10k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €19k | €18k | €68k | €-51k | ▼ 175% |
| + Depreciation and write-downs630 | €3k | €4k | €6k | €7k | €8k | ▲ 10.6% |
| Operating cash flow (approximation) | €16k | €22k | €24k | €75k | €-43k | ▼ 156% |
| Investment in fixed assets (approximation) | - | €-12k | €-27k | €0 | €-11k | - |
| Change in cash | - | €10k | €-18k | €503 | €7k | ▲ 1,313% |
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 6.21
Current ratio from 1.43 to 6.21; short-term debt falls from €217k to €6k.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €68k ▲272%
Operating result €103k, net result €68k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲153%
4 profitable years in a row build equity to €112k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB 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.
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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, Meise · 1 establishment unit since 2012
Ground area
755 m²
Building footprint
143 m²
Volume, LiDAR
822 m³
Parcel 23050F0051/00G000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SHOPPERWARE
since 20122.215.317.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050F0051/00G000 | Flanders | 754 m² | 1 · 143 m² | 10.2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,111 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
Founded04-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
90399Other support activities for arts and performing arts
91220Libraries, archives, museums and other cultural activities
91420Libraries, archives, museums and other cultural activities
93299Other amusement and recreation activities
94994Activities of membership organisations
Contact
E-mail
dirk.vanderveken@shopperware.comMeise
Scores and ratios are computed by Checked and are not a credit decision.