SHUBH DIAM
ActiveSummary
SHUBH DIAM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.66M and a net result of €-310k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▲+7
Solvency92▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.99 against 6.16 in 2024; short-term debt: 33.4% and cash: 6.4% of total assets), and 33.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.6%
Return on assets
-12.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-310k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
6 d early
2023
13 d early
2022
74 d late
2021
39 d early
2020
88 d late
2019
31 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, abbreviated schema
Equity
€1.66M▼ 15.7%
2024 · €1.97M
2018: €859k
2019: €856k▼ -0.3% vs 2018lowest in 8 years
2020: €858k▲ +0.3% vs 2019
2021: €2.22M▲ +159% vs 2020
2022: €2.56M▲ +15.3% vs 2021highest in 8 years
2023: €2.47M▼ -3.8% vs 2022
2024: €1.97M▼ -20.0% vs 2023
2025: €1.66M▼ -15.7% vs 2024
2018 → 2025
Total assets
€2.50M▲ 6.1%
2024 · €2.35M
2018: €4.18M
2019: €2.21M▼ -47.0% vs 2018lowest in 8 years
2020: €3.51M▲ +58.6% vs 2019
2021: €4.59M▲ +30.8% vs 2020
2022: €4.63M▲ +1.0% vs 2021highest in 8 years
2023: €2.92M▼ -36.9% vs 2022
2024: €2.35M▼ -19.4% vs 2023
2025: €2.50M▲ +6.1% vs 2024
2018 → 2025
Net result
€-310k▲ 37.2%
2024 · €-493k
2018: €55k
2019: €-3k▼ -105% vs 2018
2020: €2k▲ +177% vs 2019
2021: €1.36M▲ +63311% vs 2020highest in 8 years
2022: €340k▼ -75.1% vs 2021
2023: €-97k▼ -129% vs 2022
2024: €-493k▼ -408% vs 2023lowest in 8 years
2025: €-310k▲ +37.2% vs 2024
2018 → 2025
Working capital
€1.66M▼ 15.7%
2024 · €1.97M
2018: €852k
2019: €851k▼ -0.2% vs 2018lowest in 8 years
2020: €854k▲ +0.3% vs 2019
2021: €2.21M▲ +159% vs 2020
2022: €2.56M▲ +15.9% vs 2021highest in 8 years
2023: €2.46M▼ -3.8% vs 2022
2024: €1.97M▼ -20.0% vs 2023
2025: €1.66M▼ -15.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.22M-€2.56M▲ 15.3%€2.47M▼ 3.8%€1.97M▼ 20.0%€1.66M▼ 15.7%
2021: €2.22M
2022: €2.56M▲ +15.3% vs 2021highest in 5 years
2023: €2.47M▼ -3.8% vs 2022
2024: €1.97M▼ -20.0% vs 2023
2025: €1.66M▼ -15.7% vs 2024lowest in 5 years
Operating result€1.40M-€364k▼ 74.0%€-97k€-486k▼ 399%€-270k▲ 44.5%
2021: €1.40Mhighest in 5 years
2022: €364k▼ -74.0% vs 2021
2023: €-97k▼ -127% vs 2022
2024: €-486k▼ -399% vs 2023lowest in 5 years
2025: €-270k▲ +44.5% vs 2024
Net result€1.36M-€340k▼ 75.1%€-97k€-493k▼ 408%€-310k▲ 37.2%
2021: €1.36Mhighest in 5 years
2022: €340k▼ -75.1% vs 2021
2023: €-97k▼ -129% vs 2022
2024: €-493k▼ -408% vs 2023lowest in 5 years
2025: €-310k▲ +37.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €270k in 2025 against €486k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.50M
Fixed assets
€4k =
Current assets
€2.49M ▲ 6.1%
Equity and liabilities €2.50M
Equity
€1.66M ▼ 15.7%
Debt
€835k ▲ 119%
Debt's share of the balance-sheet total rises from 16.2% to 33.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.99▼
2024 · 6.16
Quick ratio
1.37▼
2024 · 2.27
Debt to equity
0.50▲
2024 · 0.19
ROE
-18.6%▲
2024 · -25.0%
ROA
-12.4%▲
2024 · -20.9%
Debt ≤ 1 year
€835k▲
2024 · €381k
Income taxes
€-2k▼
2024 · €9k
Staff costs
€10▼
2024 · €728
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.35M€2.50M▲
Fixed assets21/28€4k€4k=
Financial fixed assets28€4k€4k=
Current assets29/58€2.35M€2.49M▲
Stocks and contracts in progress3€1.48M€1.35M▼
Stocks30/36€1.48M€1.35M▼
Amounts receivable within one year40/41€574k€985k▲
Trade receivables40€463k€972k▲
Other amounts receivable41€111k€13k▼
Cash at bank and in hand54/58€283k€160k▼
Deferred charges and accrued income490/1€8k-
Equity and liabilities
Total equity and liabilities10/49€2.35M€2.50M▲
Equity10/15€1.97M€1.66M▼
Contributions10/11€19k€19k=
Reserves13€2.54M€1.64M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2.54M€1.64M▼
Profit (loss) carried forward14€-590k-
Amounts payable17/49€381k€835k▲
Amounts payable within one year42/48€381k€835k▲
Trade debts44-€831k
Suppliers440/4-€831k
Taxes, remuneration and social security45€11k€4k▼
Taxes450/3€11k€4k▼
Other amounts payable47/48€370k-
Income statement
Code20242025
Remuneration, social security and pensions62€728€10▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€719k-
Gross operating margin9900€235k€-268k▼
Operating profit (loss)9901€-486k€-270k▲
Financial income75/76B€91k€118k▲
Recurring financial income75€91k€118k▲
Financial charges65/66B€88k€160k▲
Recurring financial charges65€88k€160k▲
Profit (loss) for the period before taxes9903€-483k€-312k▲
Income taxes67/77€9k€-2k▼
Profit (loss) for the period9904€-493k€-310k▲
Profit (loss) for the period to be appropriated9905€-493k€-310k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-590k€-899k▼
Profit (loss) brought forward from the previous period14P€-97k€-590k▼
Transfer from equity791/2-€899k
The notes to these accounts (5 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 | €12k | €2k | €-713 | €728 | €10 | ▼ 98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-18k | - | - | - | - | - |
| Other operating charges640/8 | €20k | €2k | €4k | €2k | €1k | ▼ 38.1% |
| Non-recurring operating charges66A | - | €4k | - | €719k | - | - |
| Gross operating margin9900 | €1.42M | €372k | €-94k | €235k | €-268k | ▼ 214% |
| Operating profit (loss)9901 | €1.40M | €364k | €-97k | €-486k | €-270k | ▲ 44.5% |
| Financial income75/76B | €1k | €5k | €302k | €91k | €118k | ▲ 29.7% |
| Recurring financial income75 | €1k | €5k | €302k | €91k | €118k | ▲ 29.7% |
| Financial charges65/66B | €21k | €15k | €295k | €88k | €160k | ▲ 81.9% |
| Recurring financial charges65 | €21k | €15k | €295k | €88k | €160k | ▲ 81.9% |
| Profit (loss) for the period before taxes9903 | €1.38M | €354k | €-90k | €-483k | €-312k | ▲ 35.5% |
| Income taxes67/77 | €18k | €14k | €7k | €9k | €-2k | ▼ 126% |
| Profit (loss) for the period9904 | €1.36M | €340k | €-97k | €-493k | €-310k | ▲ 37.2% |
| Profit (loss) for the period to be appropriated9905 | €1.36M | €340k | €-97k | €-493k | €-310k | ▲ 37.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.59M | €4.63M | €2.92M | €2.35M | €2.50M | ▲ 6.1% |
| Fixed assets21/28 | €16k | €4k | €4k | €4k | €4k | = |
| Tangible fixed assets22/27 | €12k | - | - | - | - | - |
| Furniture and vehicles24 | €12k | - | - | - | - | - |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €4.57M | €4.63M | €2.92M | €2.35M | €2.49M | ▲ 6.1% |
| Stocks and contracts in progress3 | €2.86M | €3.61M | €2.28M | €1.48M | €1.35M | ▼ 9.2% |
| Stocks30/36 | €2.86M | €3.61M | €2.28M | €1.48M | €1.35M | ▼ 9.2% |
| Amounts receivable within one year40/41 | €1.29M | €853k | €422k | €574k | €985k | ▲ 71.5% |
| Trade receivables40 | €1.28M | €718k | €418k | €463k | €972k | ▲ 110% |
| Other amounts receivable41 | €12k | €135k | €4k | €111k | €13k | ▼ 88.0% |
| Cash at bank and in hand54/58 | €409k | €155k | €220k | €283k | €160k | ▼ 43.4% |
| Deferred charges and accrued income490/1 | €8k | €9k | - | €8k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.59M | €4.63M | €2.92M | €2.35M | €2.50M | ▲ 6.1% |
| Equity10/15 | €2.22M | €2.56M | €2.47M | €1.97M | €1.66M | ▼ 15.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2.20M | €2.54M | €2.54M | €2.54M | €1.64M | ▼ 35.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €2.20M | €2.54M | €2.54M | €2.54M | €1.64M | ▼ 35.4% |
| Profit (loss) carried forward14 | - | - | €-97k | €-590k | - | - |
| Amounts payable17/49 | €2.37M | €2.07M | €457k | €381k | €835k | ▲ 119% |
| Amounts payable within one year42/48 | €2.36M | €2.07M | €457k | €381k | €835k | ▲ 119% |
| Trade debts44 | €2.13M | €2.06M | €106k | - | €831k | - |
| Suppliers440/4 | €2.13M | €2.06M | €106k | - | €831k | - |
| Taxes, remuneration and social security45 | €18k | €14k | €33k | €11k | €4k | ▼ 67.7% |
| Taxes450/3 | €18k | €14k | €10k | €11k | €4k | ▼ 67.7% |
| Remuneration and social security454/9 | - | - | €23k | - | - | - |
| Other amounts payable47/48 | €222k | - | €317k | €370k | - | - |
| Accrued charges and deferred income492/3 | €605 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.36M | €340k | €-97k | €-493k | €-310k | ▲ 37.2% |
| + Depreciation and write-downs630 | €2k | - | - | - | - | - |
| Operating cash flow (approximation) | €1.37M | €340k | €-97k | €-493k | €-310k | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | €12k | €0 | €0 | €0 | - |
| Change in cash | - | €-254k | €65k | €63k | €-123k | ▼ 296% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-493k
Net result drops to €-493k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 6.39
Current ratio from 2.23 to 6.39; short-term debt falls from €2.07M to €457k.
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 74 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.36M ▲63,311%
Operating result €1.40M, net result €1.36M, both a record.
31-12
Financial
Equity above €2MEq €2.22M ▲159%
2 profitable years in a row build equity to €2.22M.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Antwerpen · 1 establishment unit since 2006
Ground area
4,433 m²
Building footprint
2,853 m²
Volume, LiDAR
74,241 m³
2 parcels, Flanders · tallest building 45.0 m, ±12 floors. Linked by address, not a title deed.
207
companies at this address
See who is registered here
1 establishment unit
Schupstraat 1-7, 2018 Antwerpen
since 20062.153.350.015
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1178/00F008 | Flanders | 3,604 m² | 1 · 2,774 m² | 45.0 m · 8 fl. |
| 11808H1179/00B021 | Flanders | 829 m² | 1 · 79 m² | 40.9 m · 12 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.
Similar companies · same sector, comparable size
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D-GOLDI
BE 0458.259.771
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MOURADIAM
BE 0423.590.288
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Of 1,229 companies in sector 46861 we hold annual accounts for 678. 468 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
Founded26-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Scores and ratios are computed by Checked and are not a credit decision.