Shuttle Direct
ActiveSummary
The computed 12-month bankruptcy probability of Shuttle Direct is 1.8% (moderate). For Shuttle Direct, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €35k and a net result of €6k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 95% of 6116 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability88▲+79
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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 2023Solvency, return and age of the figures
Solvency
97.4%
Return on assets
15.8%
Age of the figures
33 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
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 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
on the day
2021
31 d late
2020
23 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
€35k▲ 19.3%
2022 · €29k
Total assets
€36k▼ 11.8%
2022 · €40k
Net result
€6k
2022 · €-3k
Working capital
€34k▲ 13.6%
2022 · €30k
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
Operating result€11k▲ 52.5%€2k▼ 78.8%€1k▼ 40.9%€-3k€6k
Net result€7k▲ 25.2%€1k▼ 80.5%€621▼ 55.4%€-3k€6k
Equity€30k▲ 31.3%€31k▲ 4.6%€32k▲ 2.0%€29k▼ 9.3%€35k▲ 19.3%
Total assets€59k▲ 29.9%€45k▼ 23.2%€44k▼ 2.7%€40k▼ 8.5%€36k▼ 11.8%
Debt€29k▲ 28.6%€14k▼ 52.0%€12k▼ 13.3%€11k▼ 6.1%€938▼ 91.7%
Working capital€26k▲ 75.8%€36k▲ 38.7%€34k▼ 6.1%€30k▼ 13.2%€34k▲ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €6k after a loss of €3k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €36k
Fixed assets
€901 ▼ 52.6%
Current assets
€35k ▼ 9.8%
Equity and liabilities €36k
Equity
€35k ▲ 19.3%
Debt
€938 ▼ 91.7%
Debt's share of the balance-sheet total falls from 28.0% to 2.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2022 · €-2k
Cash flow
€7k▲
2022 · €-2k
Current ratio
36.97▲
2022 · 4.40
Debt to equity
0.03▼
2022 · 0.39
ROE
16.2%▲
2022 · -10.3%
ROA
15.8%▲
2022 · -7.4%
Interest coverage
71.00▲
2022 · -4.13
Debt ≤ 1 year
€938▼
2022 · €9k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €1k | €2k | €998 | €998 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €311 | - | - |
| Other operating charges640/8 | - | - | €369 | €566 | €195 | ▼ 65.6% |
| Gross operating margin9900 | €17k | €4k | €3k | €-724 | €7k | ▲ 1,051% |
| Operating profit (loss)9901 | €11k | €2k | €1k | €-3k | €6k | ▲ 319% |
| Financial income75/76B | - | - | €0 | €0 | €0 | ▼ 71.4% |
| Recurring financial income75 | €1 | €788 | €0 | €0 | €0 | ▼ 71.4% |
| Financial charges65/66B | - | - | €542 | €388 | €94 | ▼ 75.7% |
| Recurring financial charges65 | €812 | €749 | €542 | €388 | €94 | ▼ 75.7% |
| Profit (loss) for the period before taxes9903 | €10k | €2k | €805 | €-3k | €6k | ▲ 288% |
| Income taxes67/77 | €3k | €1k | €185 | - | - | - |
| Profit (loss) for the period9904 | €7k | €1k | €621 | €-3k | €6k | ▲ 288% |
| Profit (loss) for the period to be appropriated9905 | €7k | €1k | €621 | €-3k | €6k | ▲ 288% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59k | €45k | €44k | €40k | €36k | ▼ 11.8% |
| Fixed assets21/28 | €4k | €3k | €3k | €2k | €901 | ▼ 52.6% |
| Tangible fixed assets22/27 | €4k | €3k | €3k | €2k | €886 | ▼ 53.0% |
| Furniture and vehicles24 | - | - | €3k | €2k | €886 | ▼ 53.0% |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €55k | €43k | €41k | €38k | €35k | ▼ 9.8% |
| Stocks and contracts in progress3 | - | €12k | - | - | - | - |
| Amounts receivable within one year40/41 | €6k | €2k | €2k | €3k | €4k | ▲ 21.5% |
| Trade receivables40 | - | - | €735 | €2k | - | - |
| Other amounts receivable41 | - | - | €999 | €2k | €4k | ▲ 134% |
| Cash at bank and in hand54/58 | €44k | €29k | €39k | €35k | €31k | ▼ 10.6% |
| Deferred charges and accrued income490/1 | - | - | - | €782 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59k | €45k | €44k | €40k | €36k | ▼ 11.8% |
| Equity10/15 | €30k | €31k | €32k | €29k | €35k | ▲ 19.3% |
| Contributions10/11 | €19k | - | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €10k | €11k | €12k | €9k | €14k | ▲ 65.4% |
| Amounts payable17/49 | €29k | €14k | €12k | €11k | €938 | ▼ 91.7% |
| Amounts payable after more than one year17 | - | €8k | €5k | €3k | - | - |
| Financial debts170/4 | - | - | €5k | €3k | - | - |
| Amounts payable within one year42/48 | €29k | €6k | €7k | €9k | €938 | ▼ 89.3% |
| Current portion of amounts payable after more than one year42 | - | - | €2k | €3k | - | - |
| Trade debts44 | €10k | €3k | €4k | €5k | €938 | ▼ 82.0% |
| Suppliers440/4 | - | - | €4k | €5k | €938 | ▼ 82.0% |
| Taxes, remuneration and social security45 | - | - | €933 | €1k | - | - |
| Taxes450/3 | - | - | €933 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €1k | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €1k | €621 | €-3k | €6k | ▲ 288% |
| + Depreciation and write-downs630 | €4k | €1k | €2k | €998 | €998 | = |
| Operating cash flow (approximation) | €11k | €3k | €2k | €-2k | €7k | ▲ 432% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €0 | - |
| Change in cash | - | €-15k | €11k | €-5k | €-4k | ▲ 25.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 36.97
Current ratio from 4.40 to 36.97; short-term debt falls from €9k to €938.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 6.75
Current ratio from 1.91 to 6.75; short-term debt falls from €29k to €6k.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Highest result since 2018net €7k ▲25.2%
Operating result €11k, net result €7k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lebbeke · 1 establishment unit since 2014
Ground area
361 m²
Building footprint
184 m²
Volume, LiDAR
507 m³
Parcel 42322C0250/00W004, Flanders · tallest building 3.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Shuttle Direct
since 20142.235.039.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0250/00W004 | Flanders | 361 m² | 1 · 183 m² | 3.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 2,149 EUR awarded · 2,149 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 2,149 EUR | 2,149 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Vlaams beschermingsmechanisme 12 (stopgezet)
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,292. 1,949 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 (pre-2019)
Founded25-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
53200Other postal and courier activities
Scores and ratios are computed by Checked and are not a credit decision.