SHUTTLY
ActiveSummary
The computed 12-month bankruptcy probability of SHUTTLY is 1.7% (moderate). The 2025 annual accounts show negative equity (-€1,700) and a net result of €40,291. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 4709 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency20▲+20
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.04 against 2.9 in 2024; short-term debt: 30.5% and cash: 30.8% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 2025Solvency, return and age of the figures
Solvency
-5.1%
Return on assets
120.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 4709 sector peers (2025).
NBB · sector comparisonPosition among 4709 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
35 d early
2024
38 d early
2023
36 d early
2022
41 d early
2021
40 d early
2020
39 d early
2019
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€1,700▲ 96.0%
2024 · -€41,991
Total assets
€33,514▲ 110%
2024 · €15,927
Net result
€40,291▲ 172%
2024 · €14,805
Working capital
€20,811▲ 102%
2024 · €10,299
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,035▲ 68.4%-€54,432▼ 577%€90,654€7,710▼ 91.5%€47,619▲ 518%
Net result-€1,596below the sector's middle half▲ 96.2%-€56,610below the sector's middle half▼ 3,447%€79,009above the sector's middle half€14,805within the sector's middle half▼ 81.3%€40,291above the sector's middle half▲ 172%
Equity-€79,195below the sector's middle half▼ 2.1%-€135,805below the sector's middle half▼ 71.5%-€56,796below the sector's middle half▲ 58.2%-€41,991below the sector's middle half▲ 26.1%-€1,700below the sector's middle half▲ 96.0%
Total assets€172,659within the sector's middle half▼ 9.9%€116,074within the sector's middle half▼ 32.8%€7,102below the sector's middle half▼ 93.9%€15,927below the sector's middle half▲ 124%€33,514below the sector's middle half▲ 110%
Debt€251,854▼ 6.5%€251,879=€63,898▼ 74.6%€57,919▼ 9.4%€35,214▼ 39.2%
Working capital-€11,408below the sector's middle half▼ 13.1%-€63,324below the sector's middle half▼ 455%-€4,506within the sector's middle half▲ 92.9%€10,299within the sector's middle half€20,811within the sector's middle half▲ 102%
Solvency-45.9%below the sector's middle half▼ 5.4pp-117.0%below the sector's middle half▼ 71.1pp-799.8%below the sector's middle half▼ 682.8pp-263.6%below the sector's middle half▲ 536.1pp-5.1%below the sector's middle half▲ 258.6pp
Current ratio0.82below the sector's middle half▲ 0.080.15below the sector's middle half▼ 0.670.60below the sector's middle half▲ 0.452.90above the sector's middle half▲ 2.303.04above the sector's middle half▲ 0.14
Return on assets (ROA)-0.9%below the sector's middle half▲ 20.8pp-48.8%below the sector's middle half▼ 47.8pp93.0%above the sector's middle half120.2%above the sector's middle half▲ 27.3pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 518% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33,514
Fixed assets
€2,489 ▲ 1,085%
Current assets
€31,025 ▲ 97.4%
Key figures and ratios
Debt to equity
-20.71▼
2024 · -1.38
Debt ≤ 1 year
€10,214▲
2024 · €5,419
Debt > 1 year
€25,000▼
2024 · €52,500
Income taxes
€5,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €131 | €77,228 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,017 | €16,129 | €8,029 | - | - | - |
| Other operating charges640/8 | - | €990 | €19,053 | €1,007 | €513 | ▼ 49.0% |
| Gross operating margin9900 | €11,059 | -€37,314 | €117,735 | €8,717 | €48,132 | ▲ 452% |
| Operating profit (loss)9901 | -€8,035 | -€54,432 | €90,654 | €7,710 | €47,619 | ▲ 518% |
| Financial income75/76B | - | €5,248 | €85 | €9,311 | €0 | ▼ 100.0% |
| Recurring financial income75 | €15,017 | €5,248 | €85 | €159 | €0 | ▼ 99.9% |
| Non-recurring financial income76B | - | - | - | €9,152 | - | - |
| Financial charges65/66B | - | €7,426 | €11,729 | €2,217 | €2,328 | ▲ 5.0% |
| Recurring financial charges65 | €8,067 | €6,937 | €10,417 | €1,756 | €1,794 | ▲ 2.2% |
| Non-recurring financial charges66B | - | €489 | €1,312 | €461 | €534 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | -€1,596 | -€56,610 | €79,009 | €14,805 | €45,291 | ▲ 206% |
| Income taxes67/77 | - | - | - | - | €5,000 | - |
| Profit (loss) for the period9904 | -€1,596 | -€56,610 | €79,009 | €14,805 | €40,291 | ▲ 172% |
| Profit (loss) for the period to be appropriated9905 | -€1,596 | -€56,610 | €79,009 | €14,805 | €40,291 | ▲ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,659 | €116,074 | €7,102 | €15,927 | €33,514 | ▲ 110% |
| Fixed assets21/28 | €120,951 | €104,822 | €210 | €210 | €2,489 | ▲ 1,085% |
| Tangible fixed assets22/27 | €120,741 | €104,612 | - | - | €2,279 | - |
| Land and buildings22 | - | €93,772 | - | - | - | - |
| Plant, machinery and equipment23 | - | €2,812 | - | - | €2,279 | - |
| Furniture and vehicles24 | - | €8,029 | - | - | - | - |
| Financial fixed assets28 | €210 | €210 | €210 | €210 | €210 | = |
| Current assets29/58 | €51,708 | €11,251 | €6,892 | €15,717 | €31,025 | ▲ 97.4% |
| Stocks and contracts in progress3 | - | €508 | €70 | - | - | - |
| Stocks30/36 | - | €508 | €70 | - | - | - |
| Amounts receivable within one year40/41 | €51,708 | €10,744 | €1,733 | €7,640 | €20,713 | ▲ 171% |
| Trade receivables40 | - | €5,732 | €1,733 | €6,347 | €7,023 | ▲ 10.6% |
| Other amounts receivable41 | - | €5,012 | - | €1,293 | €13,690 | ▲ 959% |
| Cash at bank and in hand54/58 | - | - | €5,089 | €8,077 | €10,312 | ▲ 27.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,659 | €116,074 | €7,102 | €15,927 | €33,514 | ▲ 110% |
| Equity10/15 | -€79,195 | -€135,805 | -€56,796 | -€41,991 | -€1,700 | ▲ 96.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€85,395 | -€142,005 | -€62,996 | -€48,191 | -€7,900 | ▲ 83.6% |
| Amounts payable17/49 | €251,854 | €251,879 | €63,898 | €57,919 | €35,214 | ▼ 39.2% |
| Amounts payable after more than one year17 | €188,738 | €173,553 | €52,500 | €52,500 | €25,000 | ▼ 52.4% |
| Financial debts170/4 | - | €173,553 | €52,500 | €52,500 | €25,000 | ▼ 52.4% |
| Amounts payable within one year42/48 | €63,116 | €74,576 | €11,398 | €5,419 | €10,214 | ▲ 88.5% |
| Current portion of amounts payable after more than one year42 | - | €57,835 | - | - | - | - |
| Trade debts44 | €2,538 | €15,706 | €6,200 | €778 | €4,919 | ▲ 532% |
| Suppliers440/4 | - | €15,706 | €6,200 | €778 | €4,919 | ▲ 532% |
| Taxes, remuneration and social security45 | - | €1,034 | €2,627 | €4,641 | €5,295 | ▲ 14.1% |
| Taxes450/3 | - | €1,034 | €2,627 | €4,641 | €5,295 | ▲ 14.1% |
| Other amounts payable47/48 | - | - | €2,571 | - | - | - |
| Accrued charges and deferred income492/3 | - | €3,750 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,596 | -€56,610 | €79,009 | €14,805 | €40,291 | ▲ 172% |
| + Depreciation and write-downs630 | €16,017 | €16,129 | €8,029 | - | - | - |
| Operating cash flow (approximation) | €14,421 | -€40,482 | €87,038 | €14,805 | €40,291 | ▲ 172% |
| Investment in fixed assets (approximation) | - | €0 | €96,583 | €0 | -€2,279 | - |
| Change in cash | - | - | - | €2,989 | €2,235 | ▼ 25.2% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 5current ratio 2.90
Current ratio from 0.60 to 2.90; short-term debt falls from €11,398 to €5,419.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €79,009
Net result €79,009 after 4 loss-making years.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€56,610
Net result drops to -€56,610, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Moorslede · 1 establishment unit since 2017
Ground area
505 m²
Building footprint
206 m²
Volume, LiDAR
1,156 m³
Parcel 36012F0330/00R002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SHUTTLY
since 20172.270.240.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012F0330/00R002 | Flanders | 504 m² | 1 · 206 m² | 10.1 m · 2 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 · 4,411 EUR awarded · 4,411 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 4,411 EUR | 4,411 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,971 companies in sector 49320 we hold annual accounts for 2,715. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2017
Fiscal year end30-09
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
56210Event catering
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685524239
Registered
10-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.