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 2 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SHA & SAR from Kortemark, company number BE0761445446, closed financial year 2025 with a result of € 21,040 after tax. For that financial year SHA & SAR recorded a gross margin of € 28,351 and equity of € -2,136. Compared with financial year 2024, the result moved from € -26,587 to € 21,040. 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 April 29, 2026.
€ -2,136
▲ € 21,040 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,040
▲ still € 26,587 loss in 2024
Profit after tax over the fiscal year.
€ 4,710
▼ 38% 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 € -5,136.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,999
▼ 48% 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 | € 7,258 | € 6,327 | € -22,172 | € 28,351 | ▲ € 50,523 |
| Profit after taxes | € 346 | € -3,839 | € -26,587 | € 21,040 | ▲ € 47,627 |
| Equity | € 7,249 | € 3,410 | € -23,176 | € -2,136 | ▲ € 21,040 |
| Total debts | € 22,852 | € 29,997 | € 51,105 | € 43,419 | ▼ 15% |
| Cash | € 471 | € 7,536 | € 7,607 | € 4,710 | ▼ 38% |
| Retained profit | € 4,249 | € 410 | € -26,176 | € -5,136 | ▲ € 21,040 |
| Bank debt | € 4,088 | € 2,371 | € 0 | € 0 | |
| Balance sheet total | € 30,101 | € 33,407 | € 27,929 | € 41,283 | ▲ 48% |
Key figures of SHA & SAR, 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 SHA & SAR?
What happened at SHA & SAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 21,040. Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 346 profit in 2022 to € 21,040 profit in 2025.
Paid € 169 in corporate taxes since 2022.
Best year ever: 2025, with € 21,040 profit.
Establishments
Establishment units
Physical locations of this company
Handzamestraat 21
8610 Kortemark
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0761.445.446
- VAT number
- BE 0761.445.446
- Registered office
- Handzamestraat 21, 8610 Kortemark
- Names & denominations
- SHA & SAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Detailhandel in dranken, algemeen assortiment
Detailhandel in tabaksproducten