Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
SHELLY'S from Kortemark, company number BE0834745772, closed financial year 2024 with a result of € -1,751 after tax. For that financial year SHELLY'S recorded a gross margin of € 46,947 and equity of € 59,679. Compared with financial year 2023, the result moved from € 23,813 to € -1,751. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2025.
€ 59,679
▼ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,751
▼ still € 23,813 profit in 2023
Profit after tax over the fiscal year.
€ 4,958
▲ € 3,737 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -188,921.
People and assets in 2024
€ 20,559
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 405,620
▼ 10% vs 2023
€ 45,644 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,172
▲ 150% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 5,559
▲ 281% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 114,358 | € 29,287 | € 78,034 | € 46,947 | ▼ 40% |
| Profit after taxes | € 27,190 | € -32,452 | € 23,813 | € -1,751 | ▼ € 25,565 |
| Equity | € 70,069 | € 37,617 | € 61,431 | € 59,679 | ▼ 3% |
| Total debts | € 566,808 | € 588,789 | € 525,688 | € 486,141 | ▼ 8% |
| Cash | € 13,378 | € 4,151 | € 1,220 | € 4,958 | ▲ € 3,737 |
| Land & buildings | € 481,818 | € 468,182 | € 454,546 | € 440,909 | ▼ 3% |
| Retained profit | € -178,531 | € -210,983 | € -187,169 | € -188,921 | ▼ € 1,751 |
| Bank debt | € 454,338 | € 482,078 | € 449,313 | € 405,620 | ▼ 10% |
| Balance sheet total | € 636,878 | € 626,406 | € 587,119 | € 545,821 | ▼ 7% |
Key figures of SHELLY'S, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SHELLY'S?
What happened at SHELLY'S in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
SHELLY'S is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 1,751 (▼ € 25,565 vs 2023). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
- Ronny Vervaeke became a director. NBB
In short
From € 27,190 profit in 2021 to € 1,751 loss in 2024.
Paid € 1,311 in corporate taxes since 2021.
Best year ever: 2021, with € 27,190 profit.
A new publication or filing at SHELLY'S? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Ronny Vervaeke
Director
since 2011
Establishments
Establishment units
Physical locations of this company
Kronevoordestraat 55
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
- 0834.745.772
- VAT number
- BE 0834.745.772
- Registered office
- Kronevoordestraat 55, 8610 Kortemark
- Names & denominations
- SHELLY'S
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 23 March 2011
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- shellys.be [email protected] 0476679724
- Activities · NACE
Algemene bouw van residentiële gebouwen
Overige werkzaamheden in verband met de afwerking van gebouwen
Handelsbemiddeling in de groothandel in andere specifieke goederen
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Verhuur en lease van televisietoestellen en andere audio- en videoapparatuur
Schrijnwerk
Mediarepresentatie
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