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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
SHUTTLY from Moorslede, company number BE0685524239, closed financial year 2025 with a result of € 40,291 after tax. For that financial year SHUTTLY recorded a gross margin of € 48,132 and equity of € -1,700. Compared with financial year 2024, the result moved from € 14,805 to € 40,291. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 26, 2026.
€ -1,700
▲ € 40,291 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40,291
▲ 172% vs 2024
Profit after tax over the fiscal year.
€ 10,312
▲ 28% 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 € -7,900.
Debts at end 2025
€ 25,000
▼ 52% vs 2024
Loans from banks and other lenders, long and short.
€ 4,919
▲ € 4,141 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,295
▲ 14% 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 | € -37,314 | € 117,735 | € 8,717 | € 48,132 | ▲ € 39,415 |
| Profit after taxes | € -56,610 | € 79,009 | € 14,805 | € 40,291 | ▲ 172% |
| Equity | € -135,805 | € -56,796 | € -41,991 | € -1,700 | ▲ € 40,291 |
| Total debts | € 251,879 | € 63,898 | € 57,919 | € 35,214 | ▼ 39% |
| Cash | - | € 5,089 | € 8,077 | € 10,312 | ▲ 28% |
| Land & buildings | € 93,772 | - | - | - | |
| Retained profit | € -142,005 | € -62,996 | € -48,191 | € -7,900 | ▲ € 40,291 |
| Bank debt | € 231,389 | € 52,500 | € 52,500 | € 25,000 | ▼ 52% |
| Balance sheet total | € 116,074 | € 7,102 | € 15,927 | € 33,514 | ▲ 110% |
Key figures of SHUTTLY, 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 April 2027.
What happened to SHUTTLY?
What happened at SHUTTLY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 40,291 (▲ 172% vs 2024). Source: NBB ↗
- New establishment in Moorslede. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,610 loss in 2022 to € 40,291 profit in 2025.
Paid € 5,000 in corporate taxes since 2022.
Best year ever: 2023, with € 79,009 profit.
Management
Behind SHUTTLY are DIMITRI KESTELOOT and DEBORAH BORRY.
Directors
According to the 2025 annual accounts
DIMITRI KESTELOOT
Manager
DEBORAH BORRY
Manager
Establishments
Establishment units
Physical locations of this company
Dadizeelsestraat 6
8890 Moorslede
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0685.524.239
- VAT number
- BE 0685.524.239
- Registered office
- Dadizeelsestraat 6, 8890 Moorslede
- Names & denominations
- SHUTTLY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2017
- Peppol
- Active · Active since 10 Oct 2025
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