SHARPSTACK
SHARPSTACK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2k and a net result of €-72k. Equity is shrinking by ~30.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 16% of 3330 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2k |
| Net result | €-72k |
| Better than sector | 16% |
| Active | 11 yrs |
Fragile profile, watch profitability in particular.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 10.4% | 50.0% | |
| Net result | €-72k | €30k | |
| Equity | €2k | €125k | |
| Gross operating margin | €-71k | €102k | |
| Total assets | €20k | €345k |
Figures by fiscal year and ratios
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | - | -7.0% | -4.0% | - |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - |
| Income taxes | -96.4% | -46.7% | +20.0% | - |
| Dividends | - | - | - | - |
| Total assets | -79.5% | -19.6% | +10.1% | - |
| Equity | -97.2% | -21.8% | +14.0% | - |
| Debt | -19.2% | -11.2% | +6.8% | - |
| of which ≤ 1y | -15.3% | +1.2% | -10.5% | - |
| of which > 1y | - | -75.0% | - | - |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 10.4% | 77.3% | 79.4% | 76.7% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | -366.1% | 11.3% | 9.7% | 11.2% |
| ROE | -3507.7% | 14.6% | 12.3% | 14.6% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Full annual accounts (26 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €20k | €96k | €120k | €109k |
| Fixed assets | 21/28 | €10k | €15k | €18k | €10k |
| Tangible fixed assets | 22/27 | €9k | €15k | €18k | €10k |
| Financial fixed assets | 28 | €355 | €25 | €25 | €25 |
| Current assets | 29/58 | €10k | €81k | €101k | €98k |
| Amounts receivable within one year | 40/41 | €7k | €568 | €13k | €85k |
| Investments | 50/53 | - | €19k | €13k | €8k |
| Cash & bank | 54/58 | €875 | €39k | €23k | €5k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €20k | €96k | €120k | €109k |
| Equity | 10/15 | €2k | €74k | €95k | €83k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €49k | €49k | €69k | €58k |
| Accumulated profits (losses) | 14 | €-59k | €13k | €13k | €13k |
| Provisions & deferred taxes | 16 | - | - | - | €2k |
| Amounts payable | 17/49 | €18k | €22k | €25k | €23k |
| Amounts payable after one year | 17 | - | €1k | €4k | - |
| Amounts payable within one year | 42/48 | €18k | €21k | €21k | €23k |
| Trade debts payable within one year | 44 | €4k | €3k | €4k | €4k |
| Income statement | |||||
| Gross operating margin | 9900 | €-71k | €20k | €29k | €19k |
| Operating result | 9901 | €-78k | €14k | €16k | €14k |
| Financial income | 75 | €7k | €2k | €6k | €5k |
| Financial charges | 65 | €587 | €533 | €2k | €206 |
| Result before taxes | 9903 | €-72k | €15k | €20k | €19k |
| Income taxes | 67/77 | €160 | €4k | €8k | €7k |
| Net result for the period | 9904 | €-72k | €11k | €12k | €12k |
| Result to be appropriated | 9905 | €-72k | €11k | €12k | €12k |
| NACE primary | Other activities auxiliary to financial services, excluding insurance and pension funding(66199) |
| Legal form | Private limited company(610) |
| Incorporation | 03-06-2015 |
| Status | Active |
| Postal code | 1030 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0150/00Y004 | Brussels | 171 m² | 1 · 164 m² | 18.4 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-11-2025 Registered office moved within Bruxelles
- RUE MERCELIS 12, 1050 BRUXELLES → Rue des Coteaux 333, 1030 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "Rue des Coteaux",
"country": "BE",
"postcode": "1030",
"box_number": null,
"street_number": "333"
},
"old_address": {
"city": "BRUXELLES",
"region": "Brussels",
"street": "RUE MERCELIS",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "12"
},
"effective_date": "2025-10-06",
"evidence_quote": "A dater du 6 octobre 2025, le si\u00E8ge social de la srl SHARPSTACK est transf\u00E9r\u00E8 Rue des Coteaux 333 \u00E0 1030 Bruxelles."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0631.741.006",
"name_full": "SHARPSTACK",
"legal_form": "SRL"
}
}11-02-2025 Registered office moved from SCHAERBEEK to Bruxelles
- RUE DES COTEAUX 282, 1030 SCHAERBEEK → Mercelis 12, 1050 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "Mercelis",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "12"
},
"old_address": {
"city": "SCHAERBEEK",
"region": "Brussels",
"street": "RUE DES COTEAUX",
"country": "BE",
"postcode": "1030",
"box_number": "2",
"street_number": "282"
},
"effective_date": "2025-01-01",
"evidence_quote": "A dater du 1er janvier 2025, le si\u00E8ge social de la srl SHARPSTACK est transf\u00E9r\u00E9 rue Mercelis 12 \u00E0 1050 Bruxelles."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0631.741.006",
"name_full": "SHARPSTACK",
"legal_form": "SRL"
}
}25-01-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Alexandre PE\u00CARS",
"firm_city": null,
"firm_name": null,
"office_city": "Aalst-Erembodegem",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-01-25",
"filing_date": "2024-01-23",
"act_kind_objet": "DEMISSIONS, NOMINATIONS, SIEGE SOCIAL, MODIFICATION"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-11",
"unanimous": true
},
"agm_change": {
"new_schedule": null,
"old_schedule": "troisi\u00E8me vendredi du mois de juin \u00E0 20 heures",
"effective_from_year": null,
"rule_changes_summary": "Adaptation des statuts aux dispositions du Code des soci\u00E9t\u00E9s et des associations, y compris la tenue d\u0027assembl\u00E9es g\u00E9n\u00E9rales par proc\u00E9dure \u00E9crite (article 15bis) et \u00E9lectronique (article 15ter)."
},
"detected_kind": "other_address_change",
"other_address": {
"action": "modified",
"purpose": "siege_administratif",
"address_new": "1030 Bruxelles (Schaerbeek), Rue des Coteaux 282 bo\u00EEte 2",
"address_old": "Rue Uyttenhove 44 : 1090 Jette",
"effective_date": null,
"effective_date_is_approximate": null
},
"mandate_renewal": {
"period_end": null,
"mandate_kind": "administrateur",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": "gratuit",
"person_or_entity_kbo": null,
"person_or_entity_name": "TAYEBI Sa\u00EFd"
},
"subject_company": {
"kbo": "0631.741.006",
"name_full": "SHARPSTACK",
"legal_form": "SRL"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Alexandre PE\u00CARS",
"org_rep_person_name": null
},
"co_filed_documents": [],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": "31",
"new_start_mm_dd": "01",
"old_start_mm_dd": "01",
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": {
"grantee_kbo": null,
"grantee_name": "SRL NOVAGEST",
"grantor_name": null,
"scope_summary": "Pouvoirs pour les arrangements administratifs, y compris l\u0027immatriculation, la modification ou annulation des donn\u00E9es dans le carrefour Banque pour les entreprises, et l\u0027administration de la T.V.A., ainsi que pour la demande de num\u00E9ros d\u0027enregistrement et d\u0027approbation.",
"monetary_cap_eur": null,
"scope_categories": [
"banking",
"tax"
],
"termination_clause": null,
"substitution_allowed": true
},
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}05-06-2015 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1090 Bruxelles, Rue Uyttenhove 44",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1984-03-17",
"name": "Monsieur TAYEBI Said",
"niss": null,
"address": "1460 Ittre, rue Bruy\u00E8re Jonas, 9"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 12400.0,
"holder_person_name": "Monsieur TAYEBI Said",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 18600.0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600.0,
"subject_company": {
"kbo": "0631.741.006",
"name_full": "SHARPSTACK",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2015-06-03",
"post_incorporation_mandates": []
}| Legal nameFR | SHARPSTACK |