What does SHAPES MACHINING do?

SHAPES MACHINING is a metalworking company in Kuurne. Private Limited, started on 28 September 1993, 1 establishment.

What is the address of SHAPES MACHINING?

The registered office of SHAPES MACHINING is located at Noordlaan 35, 8520 Kuurne.

Is SHAPES MACHINING still active?

Yes. According to the CBE (29 October 2026) SHAPES MACHINING is active, legal situation “Normale toestand”, started on 28 September 1993.

Is SHAPES MACHINING registered on Peppol?

Yes, SHAPES MACHINING is registered on the Peppol network with ID 0208:0451019217.

What is the enterprise number of SHAPES MACHINING?

The enterprise number of SHAPES MACHINING is BE0451019217.

When was SHAPES MACHINING founded?

SHAPES MACHINING was founded on 28 September 1993.

Who are the directors of SHAPES MACHINING?

According to the 2025 annual accounts, the directors of SHAPES MACHINING are: Shapes Immo NV.

Is SHAPES MACHINING a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 September 1993; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did SHAPES MACHINING make in 2025?

SHAPES MACHINING recorded a loss after taxes of € 385,889 in financial year 2025.

What is the revenue of SHAPES MACHINING?

As a small company, SHAPES MACHINING is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,171,236.

How much does an employee at SHAPES MACHINING earn?

The average wage cost per full-time employee at SHAPES MACHINING was € 66,600 in 2025: staff costs of € 1.1 million for 17.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SHAPES MACHINING have?

According to the 2025 annual accounts, SHAPES MACHINING has 17.2 full-time equivalents (FTE).

SHAPES MACHINING (Private Limited) - Kuurne

Dossier SHAPES MACHINING, printed on 29 October 2026 from databakkes.be/en/0451019217/shapes-machining. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

SHAPES MACHINING from Kuurne, company number BE0451019217, closed financial year 2025 with a result of € -385,889 after tax. For that financial year SHAPES MACHINING recorded a gross margin of € 1.2 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € -363,764 to € -385,889. The company made a loss. 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 July 27, 2026.

What it is worth Growing

€ 2.2 million

▲ € 2.4 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -385,889

▼ 6 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 137,107

▲ 1% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.3 million.

People and assets in 2025

Full-time equivalents

17.2

▼ 3.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.1 million

▼ 7% vs 2024

€ 66,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 320,136

▼ 32% vs 2024

Of which on lease € 320,136.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 591,290

▼ 16% vs 2024

€ 128,974 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 163,997

▲ 147% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 154,395

▲ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,387,962 Gross margin 2022: € 1,387,962 First fiscal year in the series	€ 1,427,833 Gross margin 2023: € 1,427,833 ▲ 3% vs 2022 (€ 1,387,962) Favourable step	€ 1,306,209 Gross margin 2024: € 1,306,209 ▼ 9% vs 2023 (€ 1,427,833) Unfavourable step	€ 1,171,236 Gross margin 2025: € 1,171,236 ▼ 10% vs 2024 (€ 1,306,209) Unfavourable step	▼ 10%
Profit after taxes	€ 2,950 Profit after taxes 2022: € 2,950 First fiscal year in the series	€ -150,660 Profit after taxes 2023: € -150,660 ▼ € 153,610 vs 2022 (€ 2,950) Unfavourable step	€ -363,764 Profit after taxes 2024: € -363,764 ▼ € 213,105 vs 2023 (€ -150,660) Unfavourable step	€ -385,889 Profit after taxes 2025: € -385,889 ▼ € 22,124 vs 2024 (€ -363,764) Unfavourable step	▼ € 22,124
Equity	€ 303,488 Equity 2022: € 303,488 First fiscal year in the series	€ 152,828 Equity 2023: € 152,828 ▼ 50% vs 2022 (€ 303,488) Unfavourable step	€ -210,936 Equity 2024: € -210,936 ▼ € 363,764 vs 2023 (€ 152,828) Unfavourable step	€ 2,157,264 Equity 2025: € 2,157,264 ▲ € 2.4 million vs 2024 (€ -210,936) Favourable step	▲ € 2.4 million
Total debts	€ 3,194,384 Total debts 2022: € 3,194,384 First fiscal year in the series	€ 3,699,519 Total debts 2023: € 3,699,519 ▲ 16% vs 2022 (€ 3,194,384) Unfavourable step	€ 3,669,612 Total debts 2024: € 3,669,612 ▼ 1% vs 2023 (€ 3,699,519) Favourable step	€ 909,682 Total debts 2025: € 909,682 ▼ 75% vs 2024 (€ 3,669,612) Favourable step	▼ 75%
Cash	€ 189,099 Cash 2022: € 189,099 First fiscal year in the series	€ 137,088 Cash 2023: € 137,088 ▼ 28% vs 2022 (€ 189,099) Unfavourable step	€ 135,177 Cash 2024: € 135,177 ▼ 1% vs 2023 (€ 137,088) Unfavourable step	€ 137,107 Cash 2025: € 137,107 ▲ 1% vs 2024 (€ 135,177) Favourable step	▲ 1%
Land & buildings	€ 31,087 Land & buildings 2022: € 31,087 First fiscal year in the series	€ 22,511 Land & buildings 2023: € 22,511 ▼ 28% vs 2022 (€ 31,087) Unchanged	€ 18,019 Land & buildings 2024: € 18,019 ▼ 20% vs 2023 (€ 22,511) Unchanged	€ 10,198 Land & buildings 2025: € 10,198 ▼ 43% vs 2024 (€ 18,019) Unchanged	▼ 43%
Retained profit	€ -448,104 Retained profit 2022: € -448,104 First fiscal year in the series	€ -598,764 Retained profit 2023: € -598,764 ▼ € 150,660 vs 2022 (€ -448,104) Unfavourable step	€ -962,528 Retained profit 2024: € -962,528 ▼ € 363,764 vs 2023 (€ -598,764) Unfavourable step	€ -1,348,417 Retained profit 2025: € -1,348,417 ▼ € 385,889 vs 2024 (€ -962,528) Unfavourable step	▼ € 385,889
Bank debt	€ 175,070 Bank debt 2022: € 175,070 First fiscal year in the series	€ 730,884 Bank debt 2023: € 730,884 ▲ € 555,814 vs 2022 (€ 175,070) Unfavourable step	€ 703,459 Bank debt 2024: € 703,459 ▼ 4% vs 2023 (€ 730,884) Favourable step	€ 591,290 Bank debt 2025: € 591,290 ▼ 16% vs 2024 (€ 703,459) Favourable step	▼ 16%
Balance sheet total	€ 3,497,872 Balance sheet total 2022: € 3,497,872 First fiscal year in the series	€ 3,852,348 Balance sheet total 2023: € 3,852,348 ▲ 10% vs 2022 (€ 3,497,872) Unchanged	€ 3,458,675 Balance sheet total 2024: € 3,458,675 ▼ 10% vs 2023 (€ 3,852,348) Unchanged	€ 3,066,947 Balance sheet total 2025: € 3,066,947 ▼ 11% vs 2024 (€ 3,458,675) Unchanged	▼ 11%
Employees (FTE)	18.9 Employees (FTE) 2022: 18.9 First fiscal year in the series	20.2 Employees (FTE) 2023: 20.2 ▲ 1.3 vs 2022 (18.9) Unchanged	20.4 Employees (FTE) 2024: 20.4 ▲ 0.2 vs 2023 (20.2) Unchanged	17.2 Employees (FTE) 2025: 17.2 ▼ 3.2 vs 2024 (20.4) Unchanged	▼ 3.2

Key figures of SHAPES MACHINING, 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 SHAPES MACHINING?

What happened at SHAPES MACHINING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 27, 2026 New annual accounts for financial year 2025: loss of € 385,889. Source: NBB ↗
2026 Shapes Immo NV stepped down as director. NBB
Oct 26, 1993 New establishment in Kuurne. KBO
Sep 28, 1993 Start of the company according to the CBE. KBO

In short

From € 2,950 profit in 2022 to € 385,889 loss in 2025.

Paid € 1,912 in corporate taxes since 2022.

Best year ever: 2022, with € 2,950 profit.

On average € 68,100 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

SHAPES METALWORKS 100%

The stake of SHAPES METALWORKS, SHAPES METALWORKS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

SHAPES MACHINING

The shares are held by SHAPES METALWORKS (100%) and SHAPES METALWORKS (100%).

Directors

According to the 2025 annual accounts

Shapes Immo NV

Director · represented by Dirk Haerinck

· until 2026

Shareholders

SHAPES METALWORKS

100%

SHAPES METALWORKS

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Noordlaan 35

8520 Kuurne

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

SHAPES GROUP

SHAPES METALWORKS same network

€ 20.2 million revenue · 2025

SHAPES IMMO same network

€ 1.2 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0451.019.217

VAT number

BE 0451.019.217

Registered office

Noordlaan 35, 8520 Kuurne

Names & denominations

SHAPES MACHINING

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

28 September 1993

Peppol

Active · Active since 26 Aug 2025

Activities · NACE

Verspanend bewerken van metalen

Vervaardiging van ijzer en staal en van ferrolegeringen

View on CBE Public ↗ Annual accounts (NBB) ↗

SHAPES MACHINING

Warning lights

Financials

What happened to SHAPES MACHINING?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions