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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
S-H-M Management from Maaseik, company number BE0448525327, closed financial year 2025 with a result of € 3,762 after tax. For that financial year S-H-M Management recorded a gross margin of € 58,949 and equity of € 3.8 million. Compared with financial year 2024, the result moved from € 6,514 to € 3,762. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 9, 2026.
€ 3.8 million
▲ 194% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,762
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 64
▲ € 54 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 587,709.
Debts at end 2025
€ 148,501
▼ 11% vs 2024
€ 24,911 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 51,126
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,384
▲ 155% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,671 | € 38,383 | € 56,092 | € 58,949 | ▲ 5% |
| Profit after taxes | € -35,329 | € -32,286 | € 6,514 | € 3,762 | ▼ 42% |
| Equity | € 1,309,039 | € 1,276,753 | € 1,283,267 | € 3,775,367 | ▲ 194% |
| Total debts | € 247,148 | € 230,208 | € 226,821 | € 228,095 | ▲ 1% |
| Cash | - | - | € 10 | € 64 | ▲ € 54 |
| Land & buildings | € 1,258,342 | € 1,216,090 | € 1,172,576 | € 3,617,442 | ▲ 209% |
| Retained profit | € 609,718 | € 577,432 | € 583,947 | € 587,709 | ▲ 1% |
| Bank debt | € 229,601 | € 201,714 | € 166,154 | € 148,501 | ▼ 11% |
| Balance sheet total | € 1,556,187 | € 1,506,961 | € 1,510,088 | € 4,003,462 | ▲ 165% |
Key figures of S-H-M Management, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to S-H-M Management?
What happened at S-H-M Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,762 (▼ 42% vs 2024). filed late Source: NBB ↗
- Joëlle Irma Hubert Augusta Vaessen became a director. NBB
- Michaël Paul Karel Robert Schouterden became a director. NBB
- New establishment in Maaseik. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,329 loss in 2022 to € 3,762 profit in 2025.
Paid € 9,490 in corporate taxes since 2022.
Best year ever: 2024, with € 6,514 profit.
Management
Behind S-H-M Management are Michaël Paul Karel Robert Schouterden and Joëlle Irma Hubert Augusta Vaessen. The same people are also behind MJSV.
Establishments
Establishment units
Physical locations of this company
Wurfelderbroekweg 2
3680 Maaseik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.525.327
- VAT number
- BE 0448.525.327
- Registered office
- Wurfelderbroekweg 2, 3680 Maaseik
- Names & denominations
- S-H-M Management
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1992
- Peppol
- Active · Active since 12 Mar 2026
- Activities · NACE
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