SHEEC
ActiveThe computed 12-month bankruptcy probability of SHEEC is 5.8% (elevated). The 2024 annual accounts show equity of €51k and a net result of €21k. Equity is growing by ~56.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 18944 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+6
Solvency86▲+27
Growth78=
Track record94
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.6 against 1.13 in 2023; short-term debt: 38.6% and cash: 20.1% of total assets), and 39.5% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.5%
Return on assets
25%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
63 d late
2022
114 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€51k▲ 70.2%
2023 · €30k
2022: €17k
2023: €30k
2022 → 2024
Total assets
€84k▼ 3.6%
2023 · €87k
2022: €83k
2023: €87k
2022 → 2024
Net result
€21k▲ 19.4%
2023 · €17k
2022: €7k
2023: €17k
2022 → 2024
Working capital
€19k▲ 296%
2023 · €5k
2022: €-12k
2023: €5k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€17k-€30k▲ 72.3%€51k▲ 70.2%
Operating result€9k-€23k▲ 153%€28k▲ 20.9%
Net result€7k-€17k▲ 141%€21k▲ 19.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84k
Fixed assets
€32k▼ 26.4%
Current assets
€52k▲ 19.2%
Equity and liabilities €84k
Equity
€51k▲ 70.2%
Debt
€33k▼ 42.1%
The debt ratio falls from 65.7% to 39.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▼
2023 · €35k
Cash flow
€27k▼
2023 · €30k
Solvency
60.5%▲
2023 · 34.3%
Current ratio
1.60▲
2023 · 1.13
Quick ratio
1.44▲
2023 · 1.00
Debt / equity
0.65▼
2023 · 1.92
ROE
41.2%▼
2023 · 58.8%
ROA
25.0%▲
2023 · 20.2%
Interest coverage
69.31▲
2023 · 53.08
Debt
€33k▼
2023 · €57k
Debt ≤ 1 year
€32k▼
2023 · €38k
Income taxes
€6k▲
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€87k€84k▼
Fixed assets21/28€43k€32k▼
Intangible fixed assets21€8k€7k▼
Tangible fixed assets22/27€35k€25k▼
Land and buildings22-€2k
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€17k€6k▼
Other tangible fixed assets26€9k€8k▼
Current assets29/58€43k€52k▲
Amounts receivable after more than one year29€25k€25k=
Other amounts receivable291€25k€25k=
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€4k€707▼
Cash at bank and in hand54/58€8k€17k▲
Deferred charges and accrued income490/1€5€3k▲
Equity and liabilities
Total equity and liabilities10/49€87k€84k▼
Equity10/15€30k€51k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€20k€41k▲
Amounts payable17/49€57k€33k▼
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€38k€32k▼
Current portion of amounts payable after more than one year42€9k€6k▼
Trade debts44-€13k
Suppliers440/4-€13k
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€9k€7k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€18k€3k▼
Accrued charges and deferred income492/3€12k€728▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€6k▼
Other operating charges640/8€117€2k▲
Gross operating margin9900€35k€35k▼
Operating profit (loss)9901€23k€28k▲
Financial income75/76B€12-
Recurring financial income75€12-
Financial charges65/66B€661€481▼
Recurring financial charges65€661€481▼
Profit (loss) for the period before taxes9903€22k€27k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€17k€21k▲
Profit (loss) for the period to be appropriated9905€17k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€41k▲
Profit (loss) brought forward from the previous period14P€7k€20k▲
Profit to be distributed694/7€5k-
Return on contributions (dividend)694€5k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Highest result since 2022net €21k ▲19.4%
Operating result €28k, net result €21k, both a record.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Geraardsbergen · 2 establishment units since 2022
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.
Groendal(Onk) 29500 GeraardsbergenGround area
1.6 ha
Building footprint
6,707 m²
Volume, LiDAR
22,821 m³
2 parcels, Flanders · tallest building 33.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SHEEC
since 20222.332.885.632
SHEEC
since 20222.332.885.731
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41043A0195/00D003 | Flanders | 1.5 ha | 1 · 6,494 m² | 33.6 m |
| 41050B0467/00F002 | Flanders | 1,001 m² | 1 · 213 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeraardsbergen2.332.885.632
Similar companies · same sector, comparable size
LIL BOUCHE
BE 1030.562.642
Brussel · Eq €51k
LE NUTON - PUB
BE 0717.860.574
Viroinval · Eq €51k
PLASTRON
BE 0628.845.357
Antwerpen · Eq €51k
HUMSAN
BE 0845.897.408
Lier · Eq €50k
VAN DER CRUYS JO
BE 0477.635.819
Ternat · Eq €50k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,056 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2022
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
47750Retail sale of cosmetics and toilet articles
86909Human health activities
86995Nutrition and dietetics services
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.