Shopwedo
ActiveSummary
Shopwedo has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.35M and a net result of €1.27M. Equity is growing by ~115.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 229 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+10
Solvency77▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.41 in 2023; short-term debt: 31.2% and cash: 28.4% of total assets), and 48% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52%
Return on assets
19.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
20 d late
2022
22 d late
2021
22 d late
2020
16 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€13.45M
EBIT margin
13.0%
Net result
€1.27M▲ 157%
2023 · €495k
2018: €31k
2019: €53k
2020: €397k
2021: €830k
2022: €1.09M
2023: €495k
2018 → 2024
Working capital
€1.97M▲ 153%
2023 · €779k
2018: €-45k
2019: €5k
2020: €261k
2021: €-72k
2022: €498k
2023: €779k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€13.45M
Equity€481k-€494k▲ 2.6%€1.58M▲ 220%€2.07M▲ 31.3%€3.35M▲ 61.4%
Operating result€516k-€1.06M▲ 105%€1.36M▲ 28.6%€687k▼ 49.5%€1.75M▲ 154%
Net result€397k-€830k▲ 109%€1.09M▲ 30.8%€495k▼ 54.4%€1.27M▲ 157%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 154% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.43M
Fixed assets
€2.46M ▲ 19.0%
Current assets
€3.98M ▲ 47.7%
Equity and liabilities €6.43M
Equity
€3.35M ▲ 61.4%
Debt
€3.09M ▲ 15.0%
Debt's share of the balance-sheet total falls from 56.4% to 48.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.33M▲
2023 · €1.38M
Cash flow
€1.86M▲
2023 · €1.19M
Current ratio
1.98▲
2023 · 1.41
Debt to equity
0.92▼
2023 · 1.29
ROE
38.0%▲
2023 · 23.9%
ROA
19.8%▲
2023 · 10.4%
Interest coverage
68.14▲
2023 · 37.86
Debt ≤ 1 year
€2.01M▲
2023 · €1.91M
Debt > 1 year
€1.08M▲
2023 · €770k
Income taxes
€431k▲
2023 · €157k
Staff costs
€1.28M▲
2023 · €1.11M
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 · 2024 against 2023 · 71 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.76M€6.43M▲
Fixed assets21/28€2.06M€2.46M▲
Tangible fixed assets22/27€2.06M€2.46M▲
Plant, machinery and equipment23€1.00M€1.63M▲
Furniture and vehicles24€73k€50k▼
Leasing and similar rights25€990k€779k▼
Financial fixed assets28€200€200=
Other financial fixed assets284/8-€200
Amounts receivable and cash guarantees285/8-€200
Current assets29/58€2.69M€3.98M▲
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€2.06M€2.10M▲
Trade receivables40€1.86M€2.08M▲
Other amounts receivable41€209k€26k▼
Cash at bank and in hand54/58€620k€1.83M▲
Deferred charges and accrued income490/1€8k€43k▲
Equity and liabilities
Total equity and liabilities10/49€4.76M€6.43M▲
Equity10/15€2.07M€3.35M▲
Contributions10/11€19k€19k=
Reserves13€2.06M€3.33M▲
Distributable reserves133€2.06M€3.33M▲
Amounts payable17/49€2.68M€3.09M▲
Amounts payable after more than one year17€770k€1.08M▲
Financial debts170/4€719k€1.08M▲
Leasing and similar obligations172-€488k
Credit institutions173-€593k
Other amounts payable178/9€51k€0▼
Amounts payable within one year42/48€1.91M€2.01M▲
Current portion of amounts payable after more than one year42€199k€282k▲
Financial debts43€168k€358k▲
Credit institutions430/8€168k€358k▲
Trade debts44€1.35M€1.12M▼
Suppliers440/4€1.35M€1.12M▼
Taxes, remuneration and social security45€191k€247k▲
Taxes450/3€75k€82k▲
Remuneration and social security454/9€117k€165k▲
Accrued charges and deferred income492/3€273€0▼
Income statement
Code20232024
Operating income70/76A-€13.60M
Turnover70-€13.45M
Other operating income74-€137k
Non-recurring operating income76A-€12k
Operating charges60/66A-€11.85M
Goods for resale, raw materials and consumables60-€7.77M
Purchases600/8-€7.77M
Services and other goods61-€2.13M
Remuneration, social security and pensions62€1.11M€1.28M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€692k€583k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€26k▲
Other operating charges640/8€14k€2k▼
Non-recurring operating charges66A€0€62k▲
Gross operating margin9900€2.51M-
Operating profit (loss)9901€687k€1.75M▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Income from current assets751-€2k
Other financial income752/9-€523
Financial charges65/66B€36k€45k▲
Recurring financial charges65€36k€45k▲
Debt charges650-€34k
Other financial charges652/9-€11k
Profit (loss) for the period before taxes9903€652k€1.70M▲
Income taxes67/77€157k€431k▲
Taxes670/3-€440k
Tax adjustments and reversals of tax provisions77-€9k
Profit (loss) for the period9904€495k€1.27M▲
Profit (loss) for the period to be appropriated9905€495k€1.27M▲
Appropriation of the result
Profit (loss) to be appropriated9906€495k€1.27M▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€495k€1.27M▲
To other reserves6921€495k€1.27M▲
Social balance
Average headcount (FTE)908731.426.8▼
The notes to these accounts (46 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.27M ▲157%
Operating result €1.75M, net result €1.27M, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Equity above €2MEq €2.07M ▲31.3%
6 profitable years in a row build equity to €2.07M.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
31-12
Financial
Equity above €1MEq €1.58M ▲220%
5 profitable years in a row build equity to €1.58M.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €481k ▲466%
3 profitable years in a row build equity to €481k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mechelen · 2 establishment units since 2016
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.
Egide Walschaertsstraat 22C2800 MechelenGround area
7.3 ha
Building footprint
1.4 ha
Volume, LiDAR
109,525 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SHOPWEDO
since 20162.251.856.087
Oudenburgsesteenweg 31CG, 8400 Oostende
since 20212.313.371.905
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
| 12403E0903/00V000 | Flanders | 2.5 ha | 1 · 1,503 m² | 8.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 83,743 EUR awarded · 83,743 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 31,942 EUR | 31,942 EUR |
| 2024 | 4 | 28,540 EUR | 28,540 EUR |
| 2023 | 3 | 16,150 EUR | 23,261 EUR |
| 2022 | 1 | 7,111 EUR | 0 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidies voor internationaal ondernemen
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMechelen2.251.856.087
Oostende2.313.371.905
Dual-learning approval
10 live approvals · 3 endedLogistiek assistent magazijn (vwo)
Logistiek assistent magazijn duaal (so)
Logistiek duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker (vwo)
Show 4 more
Magazijnmedewerker duaal (so)
Magazijnmedewerker duaal (so)
Verpakker (vwo)
Verpakker duaal (so)
Show 3 ended approvals
Magazijnmedewerker (so)
Magazijnmedewerker (so)
Magazijnmedewerker (so)
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Of 2,725 companies in sector 63100 we hold annual accounts for 1,271. 349 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
63100Computing infrastructure, data processing, hosting and related activities
62200Computer consultancy and computer facilities management
77229Renting and leasing of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.