Inactive BE 0508.933.957Private limited companyOpen bankruptcy

SHIP-SHAPE

Dokter Maurice Timmermanslaan 56 ·2170 Antwerpen, Belgium

Sector: Other business support services (82990)

Conclusion Checked

A bankruptcy procedure is open for SHIP-SHAPE according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €855k and a net result of €147k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€855k
Net result	€147k
Better than sector	44%
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

51 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 86

Solvency 66

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

24 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

open bankruptcy

Score history

30 2021

68 2022

46 2023

89 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.32 (≥ 1.0) +5

Quick ratio Quick ratio 1.32 (≥ 1.0) +5

Leverage Debt/equity 1.62 (< 2.0) +3

Profitability ROE 17% (≥ 10%) +10

Interest coverage Interest coverage 8.0× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	38.1%	44.7%	better than 44% of 2277 sector peers
Net result	€147k	€34k	better than 75% of 2272 sector peers
Equity	€855k	€341k	better than 69% of 2278 sector peers
Gross operating margin	€290k	€118k	better than 68% of 2245 sector peers
Total assets	€2.24M	€1.01M	better than 70% of 2279 sector peers

EBITDA

€287k

+143.5% 21-24

Net profit

€147k

+419.5% 21-24

Cash flow

€195k

+197.3% 21-24

Total assets

€2.24M

-7.7% 21-24

Equity

€855k

+20.7% 21-24

Working capital

€183k

- 21-24

Employees (FTE)

0

- 21-24

Income taxes

€69k

+265.7% 21-24

Dividends

€0

-100.0% 21-24

Debt

€1.39M

-19.4% 21-24

Debt ≤ 1y

€565k

-42.3% 21-24

Debt > 1y

€646k

-12.9% 21-24

Current ratio

1.32

+41.0% 21-24

Quick ratio

1.32

+41.0% 21-24

Solvency

38.1%

+30.8% 21-24

Debt / equity

1.62

-33.3% 21-24

ROE

17.2%

+330.4% 21-24

ROA

6.5%

+463.0% 21-24

Interest coverage

8.03

+234.3% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€287k	€118k	€1.02M	€52k
Net profit	€147k	€28k	€772k	€95k
Cash flow	€195k	€66k	€818k	€98k
Staff costs	-	-	-	-
Income taxes	€69k	€19k	€285k	€10k
Dividends	-	€0	€250k	€95k
Total assets	€2.24M	€2.43M	€2.63M	€1.85M
Equity	€855k	€708k	€680k	€158k
Debt	€1.39M	€1.72M	€1.95M	€1.69M
of which ≤ 1y	€565k	€979k	€1.21M	€1.10M
of which > 1y	€646k	€742k	€733k	€592k
Working capital	€183k	€-60k	€74k	€-144k
Employees (FTE)	-	0.0	0.0	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.32	0.94	1.06	0.87
Quick ratio	1.32	0.94	1.05	0.86
Working capital ratio	8.1%	-2.5%	2.8%	-7.8%
Solvency	38.1%	29.1%	25.9%	8.5%
Debt / equity	1.62	2.43	2.86	10.70
Long-term debt ratio	0.76	1.05	1.08	3.75
Interest coverage	8.03	2.40	-20.08	1.35
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	6.5%	1.2%	29.4%	5.1%
ROE	17.2%	4.0%	113.6%	60.2%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €1.49M · 66.7% Current assets €748k · 33.4%

Equity & liabilities

Equity €855k · 38.1% Debt €1.39M · 61.9%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.24M	€2.43M	€2.63M	€1.85M
Fixed assets	21/28	€1.49M	€1.51M	€1.34M	€894k
Tangible fixed assets	22/27	€530k	€550k	€402k	€60k
Financial fixed assets	28	€964k	€961k	€937k	€834k
Current assets	29/58	€748k	€919k	€1.29M	€953k
Stocks & contracts in progress	3	-	€0	€12k	€11k
Amounts receivable within one year	40/41	€737k	€856k	€1.08M	€934k
Investments	50/53	€3k	€3k	€0	-
Cash & bank	54/58	€732	€55k	€192k	€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.24M	€2.43M	€2.63M	€1.85M
Equity	10/15	€855k	€708k	€680k	€158k
Contributions / capital	10/11	€500	€500	€500	€500
Reserves	13	€854k	€708k	€679k	€157k
Accumulated profits (losses)	14	-	€0	€0	€0
Amounts payable	17/49	€1.39M	€1.72M	€1.95M	€1.69M
Amounts payable after one year	17	€646k	€742k	€733k	€592k
Amounts payable within one year	42/48	€565k	€979k	€1.21M	€1.10M
Trade debts payable within one year	44	€129k	€477k	€742k	€815k
Income statement
Gross operating margin	9900	€290k	€121k	€1.02M	€53k
Operating result	9901	€239k	€81k	€971k	€49k
Financial income	75	€13k	€16k	€35k	€94k
Financial charges	65	€36k	€49k	€-51k	€38k
Result before taxes	9903	€216k	€47k	€1.06M	€105k
Income taxes	67/77	€69k	€19k	€285k	€10k
Net result for the period	9904	€147k	€28k	€772k	€95k
Result to be appropriated	9905	€147k	€28k	€772k	€95k

Directors & mandates1 person

Role	Name	Tenure
Curator	BENJAMIN VANDE CASTEELE FRUITHOFLAAN 124, 2600 BERCHEM (ANTWERPEN)- benjamin.vandecasteele@crauwels- law.be	20-08-2026 → present

Legal Structure

NACE primary	Other business support services(82990)
Legal form	Private limited company(610)
Incorporation	27-12-2012
Status	Inactive
Postal code	2170
First insolvency signal	27-08-2026
Latest insolvency signal	27-08-2026

Establishment units 1 location

SHIP-SHAPE

Dokter Maurice Timmermanslaan 56, 2170 AntwerpenWarehousing and support activities for transportation

since 20132.215.697.259

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11422C0203/00M003	Flanders	323 m²	1 · 112 m²	13.0 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

All 8Signals 1Financial 3Filings 4

2026

27-08

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SHIP-SHAPE BV DOKTER MAURICE TIMMERMANSLAAN 56, 2170 MERKSEM (ANTWER- PEN) · event 20-08-2026

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 28 days late

2024

13-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €28k ▼96.3%

Net result drops to €28k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 30 days late

2022

31-12

Financial Highest result since 2021net €772k ▲712%

Operating result €971k, net result €772k, both a record.

31-12

Financial Equity above €500kEq €680k ▲331%

2 profitable years in a row build equity to €680k.

21-04

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

27-08-2026

Bankruptcy Opening

Date: 20-08-2026 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SHIP-SHAPE BV DOKTER MAURICE TIMMERMANSLAAN 56, 2170 MERKSEM (ANTWER- PEN) · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Other business support services82990Logistics services52250Warehousing and support activities for transportation52290Other sports activities93199

Names & trade names

Legal nameNL

SHIP-SHAPE

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