SHZ
ActiveSHZ has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €6k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+7
Solvency63▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.1 in 2024; short-term debt: 62.1% and cash: 19.3% of total assets), and 62.1% 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 · 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
Sector 46
higher
← 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
37.9%
Return on assets
5.2%
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
19 d late
2023
1 d early
2022
34 d early
2021
26 d early
2020
4 d early
2019
9 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1
EBIT margin
-182102.0%
Net result
€6k
2024 · €-365
2018: €7k
2019: €12k
2020: €24k
2021: €-267
2022: €-8k
2023: €-4k
2024: €-365
2018 → 2025
Working capital
€19k▲ 215%
2024 · €6k
2018: €-14k
2019: €7k
2020: €33k
2021: €33k
2022: €28k
2023: €-308
2024: €6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1
Equity€48k-€40k▼ 17.4%€36k▼ 10.9%€35k▼ 1.0%€41k▲ 15.8%
Operating result€635-€-8k€-2k▲ 76.4%€2k€10k▲ 356%
Net result€-267-€-8k▼ 3,055%€-4k▲ 48.1%€-365▲ 91.6%€6k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 356% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€22k▼ 25.5%
Current assets
€86k▲ 25.2%
Equity and liabilities €108k
Equity
€41k▲ 15.8%
Debt
€67k▲ 6.9%
The debt ratio falls from 64.0% to 62.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €10k
Cash flow
€14k▲
2024 · €8k
Solvency
37.9%▲
2024 · 36.0%
Current ratio
1.28▲
2024 · 1.10
Quick ratio
0.40▲
2024 · 0.24
Debt / equity
1.64▼
2024 · 1.78
ROE
13.6%▲
2024 · -1.0%
ROA
5.2%▲
2024 · -0.4%
Interest coverage
52.83▲
2024 · 19.55
Debt
€67k▲
2024 · €63k
Debt ≤ 1 year
€67k▲
2024 · €63k
Income taxes
€4k▲
2024 · €2k
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€98k€108k▲
Fixed assets21/28€29k€22k▼
Tangible fixed assets22/27€29k€21k▼
Furniture and vehicles24€24k€18k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€341€341=
Current assets29/58€69k€86k▲
Stocks and contracts in progress3€54k€59k▲
Stocks30/36€54k€59k▲
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€4k€5k▲
Other amounts receivable41-€143
Cash at bank and in hand54/58€10k€21k▲
Deferred charges and accrued income490/1€958€684▼
Equity and liabilities
Total equity and liabilities10/49€98k€108k▲
Equity10/15€35k€41k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€30k€30k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€-13k€-8k▲
Amounts payable17/49€63k€67k▲
Amounts payable within one year42/48€63k€67k▲
Trade debts44€14k€18k▲
Suppliers440/4€14k€18k▲
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€46k€43k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€147k€136k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€1k€833▼
Gross operating margin9900€11k€19k▲
Operating profit (loss)9901€2k€10k▲
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€519€346▼
Recurring financial charges65€519€346▼
Profit (loss) for the period before taxes9903€2k€10k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€-365€6k▲
Profit (loss) for the period to be appropriated9905€-365€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-8k▲
Profit (loss) brought forward from the previous period14P€-13k€-13k▼
The notes to these accounts (5 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 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲99.9%
Operating result €28k, net result €24k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Zonhoven · 1 establishment unit since 2006
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.
Kapelhof 63520 ZonhovenGround area
296 m²
Building footprint
199 m²
Volume, LiDAR
1,146 m³
Parcel 71443E0844/00E000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SHZ
since 20062.200.071.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443E0844/00E000 | Flanders | 296 m² | 1 · 199 m² | 10.6 m · 2 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.
Similar companies · same sector, comparable size
WIMEQ
BE 0859.624.094
Heusden-Zolder · Eq €41k
Mobilae België
BE 0828.528.567
Sint-Martens-Latem · Eq €40k
FOURNITURE DE MATERIEL MEDICAL ET PHARMACEUTIQUE
BE 0769.622.051
Brussel · Eq €40k
LAUNCHPAD EUROPE
BE 0713.975.032
Oostkamp · Eq €42k
UVee
BE 0537.708.018
Tielt-Winge · Eq €42k
Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 443 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2006
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.