SHORE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-07-2024, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d early
2022
28 d early
2021
25 d early
2020
19 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema, statutory accounts
Turnover
€352,016▼ 58.7%
2021 · €852,640
EBIT margin
-327.9%▼ 327.6pp
2021 · -0.3%
Net result
€134,103
2022 · -€1.5m
Working capital
€872,538▼ 44.7%
2022 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€789,117▲ 72.0%€835,005▲ 5.8%€852,640▲ 2.1%€352,016▼ 58.7%
Operating result-€66,794▲ 62.4%-€1.2m▼ 1,657%-€2,210▲ 99.8%-€1.2m▼ 52,127%-€28,603▲ 97.5%
Net result-€890,637▲ 6.9%-€9.0m▼ 915%-€437,838▲ 95.2%-€1.5m▼ 245%€134,103
EBIT margin-8.5%▲ 30.2pp-140.5%▼ 132.0pp-0.3%▲ 140.3pp-327.9%▼ 327.6pp
Equity€19.6m▼ 4.4%€10.5m▼ 46.2%€10.1m▼ 4.2%€1.6m▼ 84.4%€872,538▼ 44.7%
Total assets€35.0m▼ 3.9%€26.1m▼ 25.5%€25.9m▼ 0.7%€1.6m▼ 93.9%€877,890▼ 44.8%
Debt€15.4m▼ 3.3%€15.5m▲ 0.8%€15.8m▲ 1.7%€11,546▼ 99.9%€5,352▼ 53.6%
Working capital-€10.1m▼ 675%-€13.3m▼ 31.3%-€9.9m▲ 25.9%€1.6m€872,538▼ 44.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,603 in 2023 against €1.2m in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €877,890
Equity
€872,538 ▼ 44.7%
Debt
€5,352 ▼ 53.6%
Debt's share of the balance-sheet total falls from 0.7% to 0.6%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.01▼
2022 · 0.01
ROE
15.4%▲
2022 · -95.7%
ROA
15.3%▲
2022 · -95.0%
Debt ≤ 1 year
€5,352▼
2022 · €11,546
A ratio outside any meaningful range has been withheld (balance sheet total €877,890, equity €872,538).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €852,640 | €410,759 | - | - |
| Turnover70 | €789,117 | €835,005 | €852,640 | €352,016 | - | - |
| Non-recurring operating income76A | - | - | - | €58,743 | - | - |
| Operating charges60/66A | - | - | €854,850 | €1.6m | - | - |
| Services and other goods61 | - | - | €853,982 | €1.4m | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€54,775 | - |
| Other operating charges640/8 | - | - | €868 | €4,282 | €56,497 | ▲ 1,219% |
| Non-recurring operating charges66A | - | - | - | €184,210 | - | - |
| Gross operating margin9900 | - | - | - | - | -€26,881 | - |
| Operating profit (loss)9901 | -€66,794 | -€1.2m | -€2,210 | -€1.2m | -€28,603 | ▲ 97.5% |
| Financial income75/76B | - | - | €287,558 | €55,925 | €50,854 | ▼ 9.1% |
| Recurring financial income75 | €403,456 | €316,332 | €126,925 | €55,925 | €50,854 | ▼ 9.1% |
| Income from financial fixed assets750 | - | - | €119,700 | €55,925 | - | - |
| Other financial income752/9 | - | - | €7,225 | - | - | - |
| Non-recurring financial income76B | - | - | €160,633 | - | - | - |
| Financial charges65/66B | - | - | €723,186 | €411,807 | -€111,852 | ▼ 127% |
| Recurring financial charges65 | €1.2m | €1.3m | €723,186 | €411,807 | -€111,852 | ▼ 127% |
| Debt charges650 | €1.2m | €1.3m | €722,585 | €411,807 | - | - |
| Other financial charges652/9 | - | - | €601 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€890,637 | -€9.0m | -€437,838 | -€1.5m | €134,103 | ▲ 109% |
| Profit (loss) for the period9904 | -€890,637 | -€9.0m | -€437,838 | -€1.5m | €134,103 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | -€890,637 | -€9.0m | -€437,838 | -€1.5m | €134,103 | ▲ 109% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35.0m | €26.1m | €25.9m | €1.6m | €877,890 | ▼ 44.8% |
| Fixed assets21/28 | €31.1m | €24.1m | €24.1m | - | - | - |
| Financial fixed assets28 | €31.1m | €24.1m | €24.1m | - | - | - |
| Affiliated companies280/1 | - | - | €24.1m | - | - | - |
| Participating interests280 | - | - | €24.1m | - | - | - |
| Current assets29/58 | €3.9m | €2.0m | €1.8m | €1.6m | €877,890 | ▼ 44.8% |
| Amounts receivable after more than one year29 | - | - | - | €800,000 | €800,000 | = |
| Other amounts receivable291 | - | - | - | €800,000 | €800,000 | = |
| Amounts receivable within one year40/41 | €3.8m | €2.0m | €1.7m | €600,000 | €2,584 | ▼ 99.6% |
| Trade receivables40 | - | - | €147,120 | - | - | - |
| Other amounts receivable41 | - | - | €1.5m | €600,000 | €2,584 | ▼ 99.6% |
| Current investments50/53 | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €90,802 | €818 | €124,864 | €184,542 | €25,072 | ▼ 86.4% |
| Deferred charges and accrued income490/1 | - | - | €1,087 | €5,440 | €235 | ▼ 95.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35.0m | €26.1m | €25.9m | €1.6m | €877,890 | ▼ 44.8% |
| Equity10/15 | €19.6m | €10.5m | €10.1m | €1.6m | €872,538 | ▼ 44.7% |
| Contributions10/11 | €17.3m | €17.3m | €17.3m | €10.3m | €9.5m | ▼ 8.2% |
| Capital10 | - | - | €17.3m | €10.3m | €9.5m | ▼ 8.2% |
| Issued capital100 | - | - | €17.3m | €10.3m | €9.5m | ▼ 8.2% |
| Reserves13 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Non-distributable reserves130/1 | - | - | €1.7m | €1.7m | €1.7m | = |
| Legal reserve130 | - | - | €1.7m | €1.7m | €1.7m | = |
| Distributable reserves133 | - | - | €535,704 | €535,704 | €535,704 | = |
| Profit (loss) carried forward14 | - | -€9.0m | -€9.5m | -€11.0m | -€10.9m | ▲ 1.2% |
| Amounts payable17/49 | €15.4m | €15.5m | €15.8m | €11,546 | €5,352 | ▼ 53.6% |
| Amounts payable after more than one year17 | €1.2m | - | €3.8m | - | - | - |
| Financial debts170/4 | - | - | €3.8m | - | - | - |
| Subordinated loans170 | - | - | €3.8m | - | - | - |
| Amounts payable within one year42/48 | €14.0m | €15.3m | €11.7m | €11,546 | €5,352 | ▼ 53.6% |
| Current portion of amounts payable after more than one year42 | - | - | €523,000 | - | - | - |
| Financial debts43 | - | - | €10.8m | - | - | - |
| Other loans439 | - | - | €10.8m | - | - | - |
| Trade debts44 | €354,716 | €677,958 | €390,855 | €8,133 | €5,352 | ▼ 34.2% |
| Suppliers440/4 | - | - | €390,855 | €8,133 | €5,352 | ▼ 34.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,413 | - | - |
| Taxes450/3 | - | - | - | €3,413 | - | - |
| Accrued charges and deferred income492/3 | - | - | €318,742 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€890,637 | -€9.0m | -€437,838 | -€1.5m | €134,103 | ▲ 109% |
| Operating cash flow (approximation) | -€890,637 | -€9.0m | -€437,838 | -€1.5m | €134,103 | ▲ 109% |
| Investment in fixed assets (approximation) | - | €7.0m | €0 | - | - | - |
| Change in cash | - | -€89,984 | €124,046 | €59,678 | -€159,470 | ▼ 367% |
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
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €134,103
Net result €134,103 after 5 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 889current ratio 137.71
Current ratio from 0.15 to 137.71; short-term debt falls from €11.7m to €11,546.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet -€9.0m
Net result drops to -€9.0m, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 29 acts read
About the unread acts
We know of 29 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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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
99.9%
According to the 2021 annual accounts of SHORE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.