SHB WORKS

Active

Private limited companyfounded 2021active for 5 yearsMaeneghemstraat 2, 8760 Tielt, BelgiumKBO/BCE: BE 0764.545.189

From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SHB WORKS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,546 and a net result of €26,765. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 35% of 10,789 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

SHB WORKSActiveChecked score 88/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 02-03-2021 Normal situation
Legal form: Private limited company
Registered office: Maeneghemstraat 2, 8760 Tielt
Activity: Business and other management consultancy NACE 70200
Establishment unit: 2.357.471.667 8300 Knokke-Heist, since 02-03-2021
Financial year end: 31 December
Peppol: Reachable since 31-10-2023

Company details

Who decides

Board

Hullebusch StijnDirector

Holdings: Shares in 1 company DS Real Estate

Board & ownership

How it is doing

88 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Gross margin: €40,299; ▲ 21.0%
Turnover: ≈ €100,000; estimated
Profit: €26,765; ▲ 12.3%
Equity: €62,546; ▼ 27.1%
Total assets: €177,617; ▲ 77.9%

2025 accounts 94 days early

Filed on 28-04-2026PDF

Financials

Why 88raises riskFounded in 2021lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €177,617Figures for financial year 2025 (filed 29-04-2026)Show the evidence

Checked score

Score 2025

88 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 26% of its sector peers (NACE 70, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 60-40

equity 35.2% of total assets

Liquidity 25-72

short-term debt 63.8% · cash 7.1%

Profitability 75-22

return on assets 15.1%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,516 companies, NACE 70, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 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%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: < 0.1%▼ -0.1 percentage points 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 03-2026lowest value 05-2026: 0.1%▲ +0.1 percentage points vs 04-2026highest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €5,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.48, compared with 6.39 in 2024, below the usual 1.5; short-term debt: 63.8% and cash: 7.1% of total assets), and 64.8% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 34% on solvency, 10% on liquidity, 40% on profitability and 19% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Size: total assets €177,617

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2021

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 29-04-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

94 days early

2024

29 days late

2023

1 day early

2022

31 days late

2021

25 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 12 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

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 31 July (4 of the last 5 filed years within 31 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: 5 profitable years in a rowprofit 2025: €26,765 5 years View

Documents

Key facts about SHB WORKS

What is the company number of SHB WORKS?: 0764.545.189. In Belgium the VAT number is the company number with BE in front: BE 0764.545.189.
Where is SHB WORKS based?: The registered office is at Maeneghemstraat 2, 8760 Tielt.Company details
What does SHB WORKS do?: According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of SHB WORKS?: Private limited company (BV).
When was SHB WORKS founded?: On 02-03-2021.
Is SHB WORKS still active?: Yes, SHB WORKS is an active enterprise in the KBO register.
What is the turnover of SHB WORKS?: ≈ €100,000 in financial year 2025. Estimated from the gross margin of €40,299: probably between €64,000 and €150,000, based on 68 comparable companies, NACE 70200.Financials
Is SHB WORKS profitable?: In financial year 2025, SHB WORKS made a profit of €26,765.
Where can I find the annual accounts of SHB WORKS?: SHB WORKS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of SHB WORKS due?: By 31-07-2027, for financial year 2026.Timeline