SHAYAN
ActiveSummary
SHAYAN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €13k. Equity is growing by ~58.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+1
Solvency56▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 1.46 in 2024; short-term debt: 35.9% and cash: 43.8% of total assets), but 68.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
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
31.3%
Return on assets
10.8%
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 25-08-2026, 25 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
25 d late
2024
25 d late
2023
3 d early
2022
50 d late
2021
9 d early
2020
14 d late
2019
12 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, micro schema
Equity
€38k▲ 52.8%
2024 · €25k
2018: €-11klowest in 8 years
2019: €-9k▲ +14.3% vs 2018
2020: €-3k▲ +70.5% vs 2019
2021: €12k▲ +535% vs 2020
2022: €10k▼ -15.5% vs 2021
2023: €17k▲ +65.4% vs 2022
2024: €25k▲ +50.6% vs 2023
2025: €38k▲ +52.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€122k▲ 56.3%
2024 · €78k
2018: €14klowest in 8 years
2019: €22k▲ +60.6% vs 2018
2020: €25k▲ +13.2% vs 2019
2021: €38k▲ +54.3% vs 2020
2022: €41k▲ +5.5% vs 2021
2023: €52k▲ +29.6% vs 2022
2024: €78k▲ +49.0% vs 2023
2025: €122k▲ +56.3% vs 2024highest in 8 years
2018 → 2025
Net result
€13k▲ 57.2%
2024 · €8k
2018: €936
2019: €2k▲ +64.9% vs 2018
2020: €7k▲ +323% vs 2019
2021: €15k▲ +124% vs 2020highest in 8 years
2022: €-2k▼ -113% vs 2021lowest in 8 years
2023: €7k▲ +457% vs 2022
2024: €8k▲ +28.0% vs 2023
2025: €13k▲ +57.2% vs 2024
2018 → 2025
Working capital
€78k▲ 218%
2024 · €24k
2018: €-23klowest in 8 years
2019: €-17k▲ +28.7% vs 2018
2020: €-7k▲ +60.3% vs 2019
2021: €11k▲ +272% vs 2020
2022: €9k▼ -16.3% vs 2021
2023: €16k▲ +69.6% vs 2022
2024: €24k▲ +52.5% vs 2023
2025: €78k▲ +218% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€10k▼ 15.5%€17k▲ 65.4%€25k▲ 50.6%€38k▲ 52.8%
2021: €12k
2022: €10k▼ -15.5% vs 2021lowest in 5 years
2023: €17k▲ +65.4% vs 2022
2024: €25k▲ +50.6% vs 2023
2025: €38k▲ +52.8% vs 2024highest in 5 years
Operating result€15k-€-338€7k€12k▲ 82.9%€19k▲ 57.8%
2021: €15k
2022: €-338▼ -102% vs 2021lowest in 5 years
2023: €7k▲ +2094% vs 2022
2024: €12k▲ +82.9% vs 2023
2025: €19k▲ +57.8% vs 2024highest in 5 years
Net result€15k-€-2k€7k€8k▲ 28.0%€13k▲ 57.2%
2021: €15khighest in 5 years
2022: €-2k▼ -113% vs 2021lowest in 5 years
2023: €7k▲ +457% vs 2022
2024: €8k▲ +28.0% vs 2023
2025: €13k▲ +57.2% vs 2024
Turnover and EBIT margin not published: the 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 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€602 =
Current assets
€122k ▲ 56.7%
Equity and liabilities €122k
Equity
€38k ▲ 52.8%
Debt
€84k ▲ 57.9%
Debt's share of the balance-sheet total rises from 68.0% to 68.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.77▲
2024 · 1.46
Debt to equity
2.19▲
2024 · 2.12
ROE
34.6%▲
2024 · 33.6%
ROA
10.8%▲
2024 · 10.8%
Debt ≤ 1 year
€44k▼
2024 · €53k
Income taxes
€5k▲
2024 · €3k
Staff costs
€59k▲
2024 · €57k
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€78k€122k▲
Fixed assets21/28€602€602=
Financial fixed assets28€602€602=
Current assets29/58€78k€122k▲
Amounts receivable within one year40/41€57k€67k▲
Trade receivables40€5k-
Other amounts receivable41€53k€67k▲
Cash at bank and in hand54/58€19k€54k▲
Deferred charges and accrued income490/1€1k€612▼
Equity and liabilities
Total equity and liabilities10/49€78k€122k▲
Equity10/15€25k€38k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€6k€20k▲
Amounts payable17/49€53k€84k▲
Amounts payable within one year42/48€53k€44k▼
Trade debts44€23k€5k▼
Suppliers440/4€23k€5k▼
Taxes, remuneration and social security45€14k€23k▲
Taxes450/3€4k€14k▲
Remuneration and social security454/9€10k€9k▼
Other amounts payable47/48€16k€16k▲
Accrued charges and deferred income492/3-€40k
Income statement
Code20242025
Remuneration, social security and pensions62€57k€59k▲
Other operating charges640/8€53€7k▲
Gross operating margin9900€70k€86k▲
Operating profit (loss)9901€12k€19k▲
Financial income75/76B€12€8▼
Recurring financial income75€12€8▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€11k€18k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€8k€13k▲
Profit (loss) for the period to be appropriated9905€8k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€20k▲
Profit (loss) brought forward from the previous period14P€-2k€6k▲
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11k | €16k | €48k | €57k | €59k | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | - | - | - | - | - |
| Other operating charges640/8 | €2k | €1k | €2k | €53 | €7k | ▲ 13,692% |
| Gross operating margin9900 | €32k | €17k | €56k | €70k | €86k | ▲ 23.8% |
| Operating profit (loss)9901 | €15k | €-338 | €7k | €12k | €19k | ▲ 57.8% |
| Financial income75/76B | €52 | €75 | €683 | €12 | €8 | ▼ 33.3% |
| Recurring financial income75 | €52 | €75 | €683 | €12 | €8 | ▼ 33.3% |
| Financial charges65/66B | €539 | €2k | €846 | €1k | €1k | ▲ 5.0% |
| Recurring financial charges65 | €539 | €2k | €846 | €1k | €1k | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | €15k | €-2k | €7k | €11k | €18k | ▲ 63.0% |
| Income taxes67/77 | - | - | - | €3k | €5k | ▲ 80.6% |
| Profit (loss) for the period9904 | €15k | €-2k | €7k | €8k | €13k | ▲ 57.2% |
| Profit (loss) for the period to be appropriated9905 | €15k | €-2k | €7k | €8k | €13k | ▲ 57.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38k | €41k | €52k | €78k | €122k | ▲ 56.3% |
| Fixed assets21/28 | €602 | €602 | €602 | €602 | €602 | = |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €602 | €602 | €602 | €602 | €602 | = |
| Current assets29/58 | €38k | €40k | €52k | €78k | €122k | ▲ 56.7% |
| Amounts receivable within one year40/41 | €10k | €36k | €41k | €57k | €67k | ▲ 17.8% |
| Trade receivables40 | - | - | €6k | €5k | - | - |
| Other amounts receivable41 | €10k | €36k | €35k | €53k | €67k | ▲ 27.9% |
| Cash at bank and in hand54/58 | €27k | €4k | €11k | €19k | €54k | ▲ 180% |
| Deferred charges and accrued income490/1 | €681 | - | - | €1k | €612 | ▼ 50.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38k | €41k | €52k | €78k | €122k | ▲ 56.3% |
| Equity10/15 | €12k | €10k | €17k | €25k | €38k | ▲ 52.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Profit (loss) carried forward14 | €-7k | €-9k | €-2k | €6k | €20k | ▲ 205% |
| Amounts payable17/49 | €26k | €30k | €36k | €53k | €84k | ▲ 57.9% |
| Amounts payable within one year42/48 | €26k | €30k | €36k | €53k | €44k | ▼ 17.4% |
| Trade debts44 | €9k | €10k | €19k | €23k | €5k | ▼ 80.4% |
| Suppliers440/4 | €9k | €10k | €19k | €23k | €5k | ▼ 80.4% |
| Taxes, remuneration and social security45 | €2k | €4k | €8k | €14k | €23k | ▲ 68.0% |
| Taxes450/3 | €550 | - | €1k | €4k | €14k | ▲ 249% |
| Remuneration and social security454/9 | €2k | €4k | €7k | €10k | €9k | ▼ 9.3% |
| Other amounts payable47/48 | €15k | €16k | €9k | €16k | €16k | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €40k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €-2k | €7k | €8k | €13k | ▲ 57.2% |
| + Depreciation and write-downs630 | €3k | - | - | - | - | - |
| Operating cash flow (approximation) | €18k | €-2k | €7k | €8k | €13k | ▲ 57.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-23k | €7k | €8k | €34k | ▲ 324% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €15k ▲124%
Net result €15k, the highest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 14 days late
2020
19-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ukkel · 1 establishment unit since 1995
Ground area
239 m²
Building footprint
223 m²
Volume, LiDAR
1,258 m³
Parcel 21616G0017/00T002, Brussels · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Neerstallesteenweg 471, 1180 Ukkel
since 19952.072.572.769
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0017/00T002 | Brussels | 239 m² | 1 · 223 m² | 10.8 m · 1 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.
Similar companies · same sector, comparable size
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M-S SERVICES
BE 0654.880.652
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SOULEYMAN INTERNATIONAL TRADE
BE 0647.966.037
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Of 962 companies in sector 49310 we hold annual accounts for 489. 339 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
Founded08-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
Scores and ratios are computed by Checked and are not a credit decision.