Warning lights
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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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SHS + from Neufchâteau, company number BE0542455771, closed financial year 2025 with a result of € -1,469 after tax. For that financial year SHS + recorded a gross margin of € 33,191 and equity of € 83,997. Compared with financial year 2024, the result moved from € 14,003 to € -1,469. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 13, 2026.
€ 83,997
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,469
▼ still € 14,003 profit in 2024
Profit after tax over the fiscal year.
€ 14,343
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 77,797.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 31,093
▼ 23% vs 2024
Of which on lease € 28,338.
Debts at end 2025
€ 211,819
▼ 4% vs 2024
€ 24,792 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 27,472
▲ € 22,526 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,879
▲ 198% 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 | € 27,177 | € 61,147 | € 52,196 | € 33,191 | ▼ 36% |
| Profit after taxes | € -5,407 | € 22,809 | € 14,003 | € -1,469 | ▼ € 15,472 |
| Equity | € 50,288 | € 72,297 | € 85,466 | € 83,997 | ▼ 2% |
| Total debts | € 200,001 | € 301,339 | € 228,519 | € 246,813 | ▲ 8% |
| Cash | € 12,028 | € 5,752 | € 9,537 | € 14,343 | ▲ 50% |
| Land & buildings | € 195,680 | € 253,442 | € 244,842 | € 232,902 | ▼ 5% |
| Retained profit | € 44,088 | € 66,097 | € 79,266 | € 77,797 | ▼ 2% |
| Dividend | € 0 | € 800 | € 833 | € 0 | ▼ 100% |
| Bank debt | € 129,745 | € 242,688 | € 219,945 | € 211,819 | ▼ 4% |
| Balance sheet total | € 250,289 | € 373,636 | € 313,985 | € 330,810 | ▲ 5% |
Key figures of SHS +, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to SHS +?
What happened at SHS + in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,469 (▼ € 15,472 vs 2024). filed late Source: NBB ↗
- New establishment in Neufchâteau. KBO
- New establishment in Neufchâteau. KBO
- Serge HERMANS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,407 loss in 2022 to € 1,469 loss in 2025.
Paid € 3,666 in corporate taxes since 2022.
Best year ever: 2023, with € 22,809 profit.
Paid out € 1,633 in dividends to the owners in total.
Management
Behind SHS + is Serge HERMANS.
Directors
According to the 2025 annual accounts
Serge HERMANS
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Place de la Gare,LGL 7
6840 Neufchâteau
Blanc Caillou,NEU 1/1
6840 Neufchâteau
Active since 1 January 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0542.455.771
- VAT number
- BE 0542.455.771
- Registered office
- Place de la Gare,LGL 7, 6840 Neufchâteau
- Names & denominations
- SHS +
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 2013
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit