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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SHW from Temse, company number BE0786882509, closed financial year 2025 with a result of € -204,785 after tax. For that financial year SHW recorded revenue of € 12.3 million and equity of € -255,491. Compared with financial year 2024, the result moved from € -14,783 to € -204,785. 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 June 26, 2026.
€ -255,491
▼ € 204,785 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -204,785
▼ 1285 % more loss than in 2024
Profit after tax over the fiscal year.
€ 52,557
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -260,491.
People and assets in 2025
13.1
▲ 9.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 774,518
▲ € 630,987 vs 2024
€ 59,100 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.
€ 1.2 million
▲ 2% vs 2024
Of which on lease € 1.2 million.
Debts at end 2025
€ 2.9 million
▲ 134% vs 2024
€ 194,589 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.5 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 113,259
▲ 108% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 138,194 | € 4,091,343 | € 12,284,133 | ▲ 200% |
| Profit after taxes | € -40,923 | € -14,783 | € -204,785 | ▼ € 190,002 |
| Equity | € -35,923 | € -50,706 | € -255,491 | ▼ € 204,785 |
| Total debts | € 701,048 | € 5,171,171 | € 9,279,446 | ▲ 79% |
| Cash | € 28,286 | € 89,362 | € 52,557 | ▼ 41% |
| Retained profit | € -40,923 | € -55,706 | € -260,491 | ▼ € 204,785 |
| Bank debt | € 0 | € 1,224,356 | € 2,866,288 | ▲ 134% |
| Balance sheet total | € 665,124 | € 5,120,465 | € 9,023,955 | ▲ 76% |
| Employees (FTE) | - | 3.9 | 13.1 | ▲ 9.2 |
Key figures of SHW, fiscal years 2023 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 SHW?
What happened at SHW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 204,785. Source: NBB ↗
- New establishment in Temse. KBO
- Start of the company according to the CBE. KBO
- HEMCOR became a director. NBB
- FRELOTTE became a director. NBB
In short
From € 40,923 loss in 2023 to € 204,785 loss in 2025.
Paid € 301 in corporate taxes since 2023.
Pays suppliers within 47 days on average.
Management
The stake of FRELOTTE, HEMCOR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SHWBehind SHW are HEMCOR and FRELOTTE. The shares are held by FRELOTTE (50%) and HEMCOR (50%).
Directors
According to the 2025 annual accounts
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Haagdam 2A
9140 Temse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0786.882.509
- VAT number
- BE 0786.882.509
- Registered office
- Haagdam 2A, 9140 Temse
- Names & denominations
- SHW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2022
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte
Activiteiten van slachthuizen
Verwerking en conservering van vlees, exclusief vlees van gevogelte