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 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SH Management from Ans, company number BE0794469194, closed financial year 2025 with a result of € 264,361 after tax. For that financial year SH Management recorded a gross margin of € 171,388 and equity of € 728,704. Compared with financial year 2024, the result moved from € 303,292 to € 264,361. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 728,704
▲ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 264,361
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 147,816
▲ 32% 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 € 723,704.
People and assets in 2025
€ 504
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 10% vs 2024
€ 137,450 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 9,905
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,240
▼ 54% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 208,899 | € 221,754 | € 171,388 | ▼ 23% |
| Profit after taxes | € 156,051 | € 303,292 | € 264,361 | ▼ 13% |
| Equity | € 161,051 | € 464,343 | € 728,704 | ▲ 57% |
| Total debts | € 4,500,027 | € 4,384,307 | € 4,170,912 | ▼ 5% |
| Cash | € 117,447 | € 112,033 | € 147,816 | ▲ 32% |
| Retained profit | € 156,051 | € 459,343 | € 723,704 | ▲ 58% |
| Bank debt | € 1,500,010 | € 1,369,268 | € 1,236,362 | ▼ 10% |
| Balance sheet total | € 4,661,077 | € 4,848,650 | € 4,899,616 | ▲ 1% |
Key figures of SH Management, 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 SH Management?
What happened at SH Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 264,361 (▼ 13% vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 156,051 profit in 2023 to € 264,361 profit in 2025.
Paid € 124,837 in corporate taxes since 2023.
Best year ever: 2024, with € 303,292 profit.
Management
Behind SH Management is Sébastien HICTER. It owns 50% of MAKART itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue de Waroux 308
4432 Ans
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0794.469.194
- VAT number
- BE 0794.469.194
- Registered office
- Rue de Waroux 308, 4432 Ans
- Names & denominations
- SH Management
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 2022
- Peppol
- Active · Active since 22 Mar 2024
- Activities · NACE
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