Equity
€38,871 from €1.3m in 2018
Equity fell by 97% in 7 years.
SHV Consult
Lifetime
18 annual accounts with figures on one time axispeak €976,479 (2018)
€22,427▼ 14.0%
lowest -€256,116 (2013)
-€172,084▼ €18,095
peak €1.3m (2018)
€38,871▼ 81.6%
€791,794▲ 0.2%
Board1 name since 2019
1 directorTOURNOY Stefan
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €26,068 to €22,427Loss of €172,084Equity from €210,955 to €38,871
Key points
from the 2025 annual accountsLosses
-€774,256 in six years
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€791,794 95% of the balance sheet
Suppliers 5%Taxes and wages 2%Other 94%
Of this, €784,294 falls due within a year.
Investments
€69,707 0.4 × depreciation
Green is investment, beige is depreciation.
Filings
18 annual accounts since 2008
Seven of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
-€172,084
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €172,084, the second in a row (financial year 2025)
Equity €38,871 (4.7% of total assets)
lowers risk
Size: total assets €830,665
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 13% of them on solvency, 21% on liquidity, 23% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 112 companies had the same profile as SHV Consult has now. Each dot is one company, two years later.
92.0%
were still trading
4.5%
stopped another way
3.6%
went bankrupt
The bankruptcy probability of SHV Consult itself is lower: 0.3% within 12 months. It rests on far more data about SHV Consult than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 112 companies, not a prediction for SHV Consult. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.45 (0.51 in 2024), below 1. Short-term debt is 94.4% and cash 33% of total assets. 95.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
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 -€172,084
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
14 days early
2023
33 days early
2022
12 days early
2021
11 days late
2020
20 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0892029519
Change of role: TOURNOY Stefan, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 30-09-2019 · Gazette deed
Capital decrease of €585,000 to €790,000
Capital from €1,375,000 to €790,000 · TOURNOY Stefan holds 375 shares · General meeting of 30-09-2019 · Gazette deed
Incorporation
published on 21-09-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SHV Consult Sint-Martens-Latem | €830,665 | €22,427 | 4.7% | - |
| EXITSS Waasmunster | €785,422 | €22,579 | 31.0% | - |
| BOOM MANAGEMENT & COACHING Sint-Niklaas | €872,392 | €25,769 | 82.5% | - |
| NETCODE Lokeren | €869,738 | €25,142 | 63.7% | - |
| ACTINUM Destelbergen | €711,345 | €21,191 | 54.6% | - |
| GUCHA CONSULT Essen | €827,764 | €24,243 | 82.1% | - |
| GOCU Mechelen | €778,172 | €24,295 | 84.1% | - |
These companies have the same main activity as SHV Consult: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €711,000 and €872,000, founded between 2006 and 2009.
Official details
Source: KBO- Status
- Active since 13-09-2007Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.165.517.5759830 Sint-Martens-Latem, since 05-09-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Insights on SHV Consult
SHV Consult files the micro format. That format states no turnover. The gross margin fell from €216,788 in 2008 to €22,427 in 2025.
The balance sheet grew most in 2012 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SHV Consult
- What is the company number of SHV Consult?
- The company number of SHV Consult is 0892.029.519. The VAT number is the same number with BE in front: BE 0892.029.519.
- Where is SHV Consult based?
- The registered office is at Pijkenaas 13, 9830 Sint-Martens-Latem.Company details
- What does SHV Consult do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SHV Consult?
- SHV Consult is a private limited company (BV).
- When was SHV Consult founded?
- SHV Consult was founded on 13-09-2007.
- Is SHV Consult still active?
- Yes, SHV Consult is an active enterprise in the KBO register.
- What is the turnover of SHV Consult?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €22,427 and 206 comparable companies (NACE 70200). It probably lies between €49,000 and €210,000. It is a rough estimate.Financials
- Is SHV Consult profitable?
- In financial year 2025, SHV Consult made a loss of €172,084.
- Where can I find the annual accounts of SHV Consult?
- SHV Consult filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SHV Consult due?
- SHV Consult must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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