Summary
SHATAL has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €19.31M and a net result of €270k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 69% of 9234 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
37 d early
2023
34 d late
2022
400 d late
2021
6 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.37M
EBIT margin
59.7%
Net result
€270k▼ 67.3%
2024 · €828k
2019: €1.34M
2020: €1.18M▼ -11.8% vs 2019
2021: €18.85M▲ +1496% vs 2020highest in 7 years
2022: €-151k▼ -101% vs 2021lowest in 7 years
2023: €-128k▲ +15.6% vs 2022
2024: €828k▲ +749% vs 2023
2025: €270k▼ -67.3% vs 2024
2019 → 2025
Working capital
€-228k▲ 67.9%
2024 · €-710k
2019: €2.38M
2020: €2.90M▲ +21.9% vs 2019
2021: €2.27M▼ -22.0% vs 2020
2022: €4.95M▲ +119% vs 2021highest in 7 years
2023: €4.63M▼ -6.6% vs 2022
2024: €-710k▼ -115% vs 2023lowest in 7 years
2025: €-228k▲ +67.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.37M
Equity€25.34M-€25.19M▼ 0.6%€25.06M▼ 0.5%€19.04M▼ 24.0%€19.31M▲ 1.4%
2021: €25.34Mhighest in 5 years
2022: €25.19M▼ -0.6% vs 2021
2023: €25.06M▼ -0.5% vs 2022
2024: €19.04M▼ -24.0% vs 2023lowest in 5 years
2025: €19.31M▲ +1.4% vs 2024
Operating result€306k-€-164k€178k€159k▼ 11.0%€816k▲ 414%
2021: €306k
2022: €-164k▼ -154% vs 2021lowest in 5 years
2023: €178k▲ +208% vs 2022
2024: €159k▼ -11.0% vs 2023
2025: €816k▲ +414% vs 2024highest in 5 years
Net result€18.85M-€-151k€-128k▲ 15.6%€828k€270k▼ 67.3%
2021: €18.85Mhighest in 5 years
2022: €-151k▼ -101% vs 2021lowest in 5 years
2023: €-128k▲ +15.6% vs 2022
2024: €828k▲ +749% vs 2023
2025: €270k▼ -67.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 414% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.97M
Fixed assets
€34.30M ▼ 4.2%
Current assets
€672k ▲ 168%
Equity and liabilities €34.97M
Equity
€19.31M ▲ 1.4%
Debt
€15.67M ▼ 7.9%
Debt's share of the balance-sheet total falls from 47.2% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.4%▼
2024 · 4.3%
ROA
0.8%▼
2024 · 2.3%
Debt ≤ 1 year
€899k▼
2024 · €961k
Debt > 1 year
€14.62M▼
2024 · €15.80M
Income taxes
€100k▼
2024 · €254k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€36.05M€34.97M▼
Fixed assets21/28€35.80M€34.30M▼
Tangible fixed assets22/27€15.37M€14.29M▼
Land and buildings22€15.27M€14.20M▼
Plant, machinery and equipment23€80k€64k▼
Furniture and vehicles24€24k€20k▼
Financial fixed assets28€20.43M€20.02M▼
Current assets29/58€251k€672k▲
Amounts receivable after more than one year29€120k-
Other amounts receivable291€120k-
Amounts receivable within one year40/41€70k€503k▲
Trade receivables40€2k€2k▲
Other amounts receivable41€68k€500k▲
Cash at bank and in hand54/58€19k€63k▲
Deferred charges and accrued income490/1€42k€106k▲
Equity and liabilities
Total equity and liabilities10/49€36.05M€34.97M▼
Equity10/15€19.04M€19.31M▲
Contributions10/11€8k€8k=
Reserves13€19.03M€19.30M▲
Tax-exempt reserves132€54k€54k=
Distributable reserves133€18.98M€19.25M▲
Amounts payable17/49€17.02M€15.67M▼
Amounts payable after more than one year17€15.80M€14.62M▼
Financial debts170/4€15.80M€14.62M▼
Amounts payable within one year42/48€961k€899k▼
Current portion of amounts payable after more than one year42€636k€637k▲
Trade debts44€43k€4k▼
Suppliers440/4€43k€4k▼
Taxes, remuneration and social security45€243k€258k▲
Taxes450/3€243k€258k▲
Other amounts payable47/48€39k-
Accrued charges and deferred income492/3€257k€145k▼
Income statement
Code20242025
Turnover70-€1.37M
Non-recurring operating income76A-€219k
Goods, raw materials, services and sundry goods60/61-€168k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€968k€953k▼
Other operating charges640/8€3k€56k▲
Non-recurring operating charges66A€63k-
Gross operating margin9900€1.19M€1.83M▲
Operating profit (loss)9901€159k€816k▲
Financial income75/76B€1.51M€118k▼
Recurring financial income75€1.51M€118k▼
Financial charges65/66B€582k€564k▼
Recurring financial charges65€582k€564k▼
Profit (loss) for the period before taxes9903€1.08M€370k▼
Income taxes67/77€254k€100k▼
Profit (loss) for the period9904€828k€270k▼
Profit (loss) for the period to be appropriated9905€828k€270k▼
Appropriation of the result
Profit (loss) to be appropriated9906€828k€270k▼
Transfer from equity791/2€6.85M-
Transfer to equity691/2€828k€270k▼
To other reserves6921€828k€270k▼
Profit to be distributed694/7€6.85M-
Return on contributions (dividend)694€6.85M-
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.37M | - |
| Non-recurring operating income76A | €2k | €62k | - | - | €219k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €168k | - |
| Remuneration, social security and pensions62 | €128k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €335k | €519k | €717k | €968k | €953k | ▼ 1.6% |
| Other operating charges640/8 | €68k | €43k | €5k | €3k | €56k | ▲ 1,577% |
| Non-recurring operating charges66A | - | €31k | - | €63k | - | - |
| Gross operating margin9900 | €837k | €429k | €900k | €1.19M | €1.83M | ▲ 53.0% |
| Operating profit (loss)9901 | €306k | €-164k | €178k | €159k | €816k | ▲ 414% |
| Financial income75/76B | €18.71M | €221k | €189k | €1.51M | €118k | ▼ 92.2% |
| Recurring financial income75 | €415k | €221k | €189k | €1.51M | €118k | ▼ 92.2% |
| Non-recurring financial income76B | €18.29M | - | - | - | - | - |
| Financial charges65/66B | €62k | €212k | €497k | €582k | €564k | ▼ 3.2% |
| Recurring financial charges65 | €62k | €212k | €497k | €582k | €564k | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €18.95M | €-155k | €-130k | €1.08M | €370k | ▼ 65.8% |
| Income taxes67/77 | €100k | €-4k | €-2k | €254k | €100k | ▼ 60.7% |
| Profit (loss) for the period9904 | €18.85M | €-151k | €-128k | €828k | €270k | ▼ 67.3% |
| Profit (loss) for the period to be appropriated9905 | €18.85M | €-151k | €-128k | €828k | €270k | ▼ 67.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29.40M | €42.13M | €43.13M | €36.05M | €34.97M | ▼ 3.0% |
| Fixed assets21/28 | €25.32M | €36.14M | €36.77M | €35.80M | €34.30M | ▼ 4.2% |
| Tangible fixed assets22/27 | €10.38M | €14.87M | €16.41M | €15.37M | €14.29M | ▼ 7.1% |
| Land and buildings22 | €7.93M | €7.44M | €15.86M | €15.27M | €14.20M | ▼ 7.0% |
| Plant, machinery and equipment23 | €141k | €118k | €95k | €80k | €64k | ▼ 19.2% |
| Furniture and vehicles24 | €30k | €47k | €41k | €24k | €20k | ▼ 16.0% |
| Other tangible fixed assets26 | €397k | €406k | €406k | - | - | - |
| Assets under construction and advance payments27 | €1.88M | €6.86M | - | - | - | - |
| Financial fixed assets28 | €14.94M | €21.27M | €20.36M | €20.43M | €20.02M | ▼ 2.0% |
| Current assets29/58 | €4.08M | €5.99M | €6.36M | €251k | €672k | ▲ 168% |
| Amounts receivable after more than one year29 | - | €120k | €120k | €120k | - | - |
| Other amounts receivable291 | - | €120k | €120k | €120k | - | - |
| Amounts receivable within one year40/41 | €85k | €147k | €183k | €70k | €503k | ▲ 619% |
| Trade receivables40 | €3k | €7k | €33k | €2k | €2k | ▲ 30.9% |
| Other amounts receivable41 | €82k | €140k | €149k | €68k | €500k | ▲ 636% |
| Current investments50/53 | €3.88M | €5.01M | €4.51M | - | - | - |
| Cash at bank and in hand54/58 | €69k | €640k | €1.50M | €19k | €63k | ▲ 236% |
| Deferred charges and accrued income490/1 | €46k | €72k | €47k | €42k | €106k | ▲ 152% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29.40M | €42.13M | €43.13M | €36.05M | €34.97M | ▼ 3.0% |
| Equity10/15 | €25.34M | €25.19M | €25.06M | €19.04M | €19.31M | ▲ 1.4% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves13 | €25.33M | €25.18M | €25.05M | €19.03M | €19.30M | ▲ 1.4% |
| Tax-exempt reserves132 | €54k | €54k | €54k | €54k | €54k | = |
| Distributable reserves133 | €25.27M | €25.12M | €25.00M | €18.98M | €19.25M | ▲ 1.4% |
| Amounts payable17/49 | €4.06M | €16.95M | €18.07M | €17.02M | €15.67M | ▼ 7.9% |
| Amounts payable after more than one year17 | €2.03M | €15.61M | €16.12M | €15.80M | €14.62M | ▼ 7.4% |
| Financial debts170/4 | €2.03M | €15.61M | €16.12M | €15.80M | €14.62M | ▼ 7.4% |
| Amounts payable within one year42/48 | €1.82M | €1.04M | €1.73M | €961k | €899k | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | €357k | €671k | €1.63M | €636k | €637k | ▲ 0.1% |
| Financial debts43 | - | €17k | - | - | - | - |
| Credit institutions430/8 | - | €17k | - | - | - | - |
| Trade debts44 | €126k | €322k | €96k | €43k | €4k | ▼ 89.6% |
| Suppliers440/4 | €126k | €322k | €96k | €43k | €4k | ▼ 89.6% |
| Taxes, remuneration and social security45 | €5k | €23k | - | €243k | €258k | ▲ 6.3% |
| Taxes450/3 | €5k | €23k | - | €243k | €258k | ▲ 6.3% |
| Other amounts payable47/48 | €1.33M | €7k | €5k | €39k | - | - |
| Accrued charges and deferred income492/3 | €219k | €302k | €220k | €257k | €145k | ▼ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18.85M | €-151k | €-128k | €828k | €270k | ▼ 67.3% |
| + Depreciation and write-downs630 | €335k | €519k | €717k | €968k | €953k | ▼ 1.6% |
| Operating cash flow (approximation) | €19.19M | €368k | €589k | €1.80M | €1.22M | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | €-11.34M | €-1.35M | €43 | €547k | ▲ 1,265,266% |
| Change in cash | - | €571k | €855k | €-1.48M | €44k | ▲ 103% |
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
12-08
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Michel Dupont and Gert Maris · Mandate term5 facts ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representatives: Michel Dupont and Gert Maris · Mandate term5 facts ▸
- General meeting, 20/05/2026
- Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Michel Dupont
- Permanent representative, Gert Maris
- Mandate term, Het mandaat vervalt na de algemene vergadering waarin de jaarrekening per 31 december 2027 wordt goedgekeurd.
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €828k
Net result €828k after 2 loss-making years.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 34 days late
03-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 400 days late
2022
31-12
Financial
Weakest financial yearnet €-151k
Net result drops to €-151k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.76
Current ratio from 2.25 to 5.76; short-term debt falls from €1.82M to €1.04M.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €18.85M ▲1,496%
Net result €18.85M, the highest in the series.
31-12
Financial
Equity above €25MEq €25.34M ▲44.2%
3 profitable years in a row build equity to €25.34M.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 2007
Ground area
2.6 ha
Building footprint
349 m²
Volume, LiDAR
1,868 m³
Parcel 71038C0045/00A000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TOMSON IMMO
since 20072.164.973.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71038C0045/00A000 | Flanders | 2.6 ha | 1 · 349 m² | 8.4 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.
Statutory auditor
1 auditor| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor | 12-08-2026 → present |
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
2 locations
1 location
Recognitions · licences · registrations
Legal Entity Identifier
8945007JFY7QNSQ8HD19
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 1,362 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
Founded11-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.