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 1 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SHMN from Gent, company number BE0797940707, closed financial year 2025 with a result of € -51,459 after tax. For that financial year SHMN recorded a gross margin of € -46,717 and equity of € -20,265. Compared with financial year 2024, the result moved from € 1,194 to € -51,459. 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 February 23, 2026.
€ -20,265
▼ € 51,459 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,459
▼ still € 1,194 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -50,265.
People and assets in 2025
€ 584
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,300
▼ 13% vs 2024
€ 2,415 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 96,677
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,721
▲ 17% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 6,029 | € -46,717 | ▼ € 52,746 |
| Profit after taxes | € 1,194 | € -51,459 | ▼ € 52,653 |
| Equity | € 31,194 | € -20,265 | ▼ € 51,459 |
| Total debts | € 107,673 | € 273,191 | ▲ 154% |
| Cash | € 3,179 | - | |
| Retained profit | € 1,194 | € -50,265 | ▼ € 51,459 |
| Bank debt | € 9,495 | € 8,300 | ▼ 13% |
| Balance sheet total | € 138,866 | € 252,926 | ▲ 82% |
Key figures of SHMN, fiscal years 2024 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 SHMN?
What happened at SHMN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 51,459 (▼ € 52,653 vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,194 profit in 2024 to € 51,459 loss in 2025.
Best year ever: 2024, with € 1,194 profit.
Establishments
Establishment units
Physical locations of this company
Afrikalaan 38
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.940.707
- VAT number
- BE 0797.940.707
- Registered office
- Afrikalaan 38, 9000 Gent
- Names & denominations
- SHMN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 February 2023
- Peppol
- Active · Active since 2 Sept 2023
- Activities · NACE
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