SHUBO
ActiveSHUBO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €-5k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-5
Solvency65▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.11 in 2024; short-term debt: 57.8% and cash: 64.9% of total assets), and 59.8% of the assets are financed with debt.
Credit advice 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
40.2%
Return on assets
-3.4%
Age of the figures
9 mo
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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
3 d early
2022
16 d late
2021
27 d late
2020
20 d late
2019
42 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▼ 7.7%
2024 · €66k
2018: €74k
2019: €162k
2020: €173k
2021: €179k
2022: €181k
2023: €150k
2024: €66k
2018 → 2025
Total assets
€152k▼ 19.3%
2024 · €188k
2018: €115k
2019: €277k
2020: €192k
2021: €244k
2022: €246k
2023: €248k
2024: €188k
2018 → 2025
Net result
€-5k
2024 · €1k
2018: €55k
2019: €89k
2020: €10k
2021: €6k
2022: €2k
2023: €10k
2024: €1k
2018 → 2025
Working capital
€20k▲ 53.1%
2024 · €13k
2018: €60k
2019: €147k
2020: €98k
2021: €114k
2022: €119k
2023: €90k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€181k▲ 1.2%€150k▼ 17.3%€66k▼ 55.8%€61k▼ 7.7%
Operating result€12k-€6k▼ 46.6%€18k▲ 180%€5k▼ 69.9%€-5k
Net result€6k-€2k▼ 65.3%€10k▲ 386%€1k▼ 86.3%€-5k
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 €5k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€44k▼ 17.0%
Current assets
€108k▼ 20.2%
Equity and liabilities €152k
Equity
€61k▼ 7.7%
Debt
€91k▼ 25.5%
The debt ratio falls from 64.8% to 59.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €19k
Cash flow
€11k▼
2024 · €15k
Solvency
40.2%▲
2024 · 35.2%
Current ratio
1.23▲
2024 · 1.11
Quick ratio
1.23▲
2024 · 1.11
Debt / equity
1.49▼
2024 · 1.84
ROE
-8.4%▼
2024 · 2.1%
ROA
-3.4%▼
2024 · 0.8%
Interest coverage
61.74▼
2024 · 101.75
Debt
€91k▼
2024 · €122k
Debt ≤ 1 year
€88k▼
2024 · €122k
Income taxes
€82▼
2024 · €4k
Staff costs
€20k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€188k€152k▼
Fixed assets21/28€53k€44k▼
Tangible fixed assets22/27€53k€44k▼
Furniture and vehicles24€10k€9k▼
Other tangible fixed assets26€43k€35k▼
Current assets29/58€135k€108k▼
Amounts receivable within one year40/41€37k€9k▼
Trade receivables40€20k€2k▼
Other amounts receivable41€16k€7k▼
Cash at bank and in hand54/58€97k€99k▲
Deferred charges and accrued income490/1€856€130▼
Equity and liabilities
Total equity and liabilities10/49€188k€152k▼
Equity10/15€66k€61k▼
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€0€-5k▼
Amounts payable17/49€122k€91k▼
Amounts payable within one year42/48€122k€88k▼
Trade debts44€3k€825▼
Suppliers440/4€3k€825▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€0▼
Remuneration and social security454/9€168€3k▲
Other amounts payable47/48€117k€84k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€5k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€16k▲
Other operating charges640/8€516€468▼
Gross operating margin9900€25k€32k▲
Operating profit (loss)9901€5k€-5k▼
Financial income75/76B€11€0▼
Recurring financial income75€11€0▼
Financial charges65/66B€189€187▼
Recurring financial charges65€189€187▼
Profit (loss) for the period before taxes9903€5k€-5k▼
Income taxes67/77€4k€82▼
Profit (loss) for the period9904€1k€-5k▼
Profit (loss) for the period to be appropriated9905€1k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-5k▼
Transfer from equity791/2€85k€0▼
Transfer to equity691/2€1k€0▼
To other reserves6921€1k€0▼
Profit to be distributed694/7€85k€0▼
Return on contributions (dividend)694€85k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
31-12
Financial
Weakest financial yearnet €-5k ▼462%
Net result drops to €-5k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 6.10
Current ratio from 2.28 to 6.10; short-term debt falls from €115k to €19k.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Highest result since 2018net €89k ▲61%
Operating result €137k, net result €89k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲120%
2 profitable years in a row build equity to €162k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ukkel · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Adolphe Wansartlaan 331180 UkkelGround area
361 m²
Building footprint
87 m²
Volume, LiDAR
790 m³
Parcel 21616A0025/00Z003, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Shubo
since 20172.261.054.558
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0025/00Z003 | Brussels | 361 m² | 1 · 87 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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OCP
BE 0753.610.420
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Dirty Boots
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V-locity
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 39,073 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.