Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SHELVIN from Etterbeek, company number BE0730763851, closed financial year 2025 with a result of € -212,118 after tax. For that financial year SHELVIN recorded a gross margin of € -85,242 and equity of € -349,648. Compared with financial year 2024, the result moved from € -106,831 to € -212,118. The company made a loss. 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 October 13, 2025.
€ -349,648
▼ € 212,118 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -212,118
▼ 99 % more loss than in 2024
Profit after tax over the fiscal year.
€ 14,419
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -369,648.
People and assets in 2025
1
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 33,749
▼ 4% vs 2024
€ 33,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 52,153
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,217 | € -37,973 | € -20,768 | € -85,242 | ▼ € 64,474 |
| Profit after taxes | € -14,261 | € -52,393 | € -106,831 | € -212,118 | ▼ € 105,287 |
| Equity | € 21,694 | € -30,699 | € -137,530 | € -349,648 | ▼ € 212,118 |
| Total debts | € 52,181 | € 291,235 | € 540,227 | € 712,153 | ▲ 32% |
| Cash | € 59,587 | € 26,738 | € 42,335 | € 14,419 | ▼ 66% |
| Retained profit | € 1,694 | € -50,699 | € -157,530 | € -369,648 | ▼ € 212,118 |
| Balance sheet total | € 73,876 | € 260,536 | € 402,698 | € 362,505 | ▼ 10% |
| Employees (FTE) | - | 0.4 | 0.9 | 1 | ▲ 0.1 |
Key figures of SHELVIN, 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 SHELVIN?
What happened at SHELVIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 212,118. Source: NBB ↗
- SRWK became a director. NBB
- Christophe MANGEZ became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,261 loss in 2022 to € 212,118 loss in 2025.
Management
Behind SHELVIN are Christophe MANGEZ and SRWK. Christophe MANGEZ is also behind C&M Holding and Eighty-Eight Management. SRWK is also behind Sarawak Belux.
Directors
According to the 2025 annual accounts
since 2021
since 2022
Establishments
Establishment units
Physical locations of this company
Witte Patersstraat 4
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0730.763.851
- VAT number
- BE 0730.763.851
- Registered office
- Witte Patersstraat 4, 1040 Etterbeek
- Names & denominations
- SHELVIN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2019
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- icab-brussel.be
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