SHS
ActiveSummary
The computed 12-month bankruptcy probability of SHS is 2.1% (moderate). The 2025 annual accounts show equity of €1.1m and a net result of -€3,072. Equity is growing by ~5.5% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 2.7% and cash: 0% of total assets), and 2.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
9 d late
2022
3 d late
2021
2 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 2 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,072▲ 27.7%
2024 · -€4,250
Working capital
-€31,372▼ 10.9%
2024 · -€28,300
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
Line20212022202320242025
Operating result-€2,828▲ 6.0%-€2,843▼ 0.5%-€2,919▼ 2.7%-€4,220▼ 44.6%-€3,042▲ 27.9%
Net result-€2,853▲ 6.0%-€2,861▼ 0.3%€282,009-€4,250-€3,072▲ 27.7%
Equity€871,801▼ 0.3%€868,941▼ 0.3%€1.2m▲ 32.5%€1.1m▼ 0.4%€1.1m▼ 0.3%
Total assets€1.2m=€1.2m=€1.2m▲ 0.3%€1.2m▼ 0.3%€1.2m=
Debt€303,452▲ 1.0%€306,252▲ 0.9%€27,445▼ 91.0%€28,445▲ 3.6%€31,445▲ 10.5%
Working capital-€303,199▼ 0.9%-€306,059▼ 0.9%-€24,050▲ 92.1%-€28,300▼ 17.7%-€31,372▼ 10.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,042 in 2025 against €4,220 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m =
Current assets
€73 ▼ 49.7%
Equity and liabilities €1.2m
Equity
€1.1m ▼ 0.3%
Debt
€31,445 ▲ 10.5%
Debt's share of the balance-sheet total rises from 2.4% to 2.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2024 · 0.01
Debt to equity
0.03▲
2024 · 0.02
ROE
-0.3%▲
2024 · -0.4%
ROA
-0.3%▲
2024 · -0.4%
Debt ≤ 1 year
€31,445▲
2024 · €28,445
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€2,828 | -€2,843 | -€2,919 | -€4,220 | -€3,042 | ▲ 27.9% |
| Operating profit (loss)9901 | -€2,828 | -€2,843 | -€2,919 | -€4,220 | -€3,042 | ▲ 27.9% |
| Financial income75/76B | - | - | €284,957 | - | - | - |
| Recurring financial income75 | - | - | €284,957 | - | - | - |
| Financial charges65/66B | - | €18 | €29 | €30 | €30 | = |
| Recurring financial charges65 | €25 | €18 | €29 | €30 | €30 | = |
| Profit (loss) for the period before taxes9903 | -€2,853 | -€2,861 | €282,009 | -€4,250 | -€3,072 | ▲ 27.7% |
| Profit (loss) for the period9904 | -€2,853 | -€2,861 | €282,009 | -€4,250 | -€3,072 | ▲ 27.7% |
| Profit (loss) for the period to be appropriated9905 | -€2,853 | -€2,861 | €282,009 | -€4,250 | -€3,072 | ▲ 27.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €253 | €193 | €3,395 | €145 | €73 | ▼ 49.7% |
| Cash at bank and in hand54/58 | €253 | €193 | €3,395 | €145 | €73 | ▼ 49.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Equity10/15 | €871,801 | €868,941 | €1.2m | €1.1m | €1.1m | ▼ 0.3% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €865,501 | €862,641 | €1.1m | €1.1m | €1.1m | ▼ 0.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €860,781 | €1.1m | €1.1m | €1.1m | ▼ 0.3% |
| Amounts payable17/49 | €303,452 | €306,252 | €27,445 | €28,445 | €31,445 | ▲ 10.5% |
| Amounts payable within one year42/48 | €303,452 | €306,252 | €27,445 | €28,445 | €31,445 | ▲ 10.5% |
| Trade debts44 | €0 | €0 | €0 | €0 | €0 | - |
| Suppliers440/4 | - | €0 | - | €0 | €0 | - |
| Other amounts payable47/48 | - | €306,252 | €27,445 | €28,445 | €31,445 | ▲ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,853 | -€2,861 | €282,009 | -€4,250 | -€3,072 | ▲ 27.7% |
| Operating cash flow (approximation) | -€2,853 | -€2,861 | €282,009 | -€4,250 | -€3,072 | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€60 | €3,202 | -€3,250 | -€72 | ▲ 97.8% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet -€4,250
Net result drops to -€4,250, the lowest in the series; recovery starts the following year.
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
31-03
Financial
Back to profitnet €282,009
Net result €282,009 after 4 loss-making years.
31-03
Financial
Equity above €1mEq €1.2m ▲32.5%
Equity rises from €868,941 to €1.2m.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-10
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 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel
Ground area
231 m²
Building footprint
93 m²
Volume, LiDAR
1,329 m³
Parcel 21807G0218/00L005, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0218/00L005 | Brussels | 231 m² | 1 · 93 m² | 18.8 m · 5 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2014
Fiscal year end31-03
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.