ACTIVE

SHATZ

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Financial year 2025 · closed on 31/12/2025

Net result

49,8 k €

+78.7% YoY

Gross margin

99,8 k €

-30.7% YoY

Equity

458,4 k €

+12.2% YoY

What does SHATZ do?

SHATZ is a Private limited company incorporated in 1996. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.482.772

Incorporation

31/07/1996

Legal form

Private limited company

Registered office

Appelmansstraat 1
2018 Antwerpen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

47770Retail sale of watches and jewellery in specialised stores· main 47770Retail sale of watches and jewellery in specialised stores 52484Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	99,8 k €	-30.7%	144 k €	+26.4%	113,9 k €	+74.2%	65,4 k €	-23.7%	85,8 k €	+45.4%	59 k €	+54.9%	38,1 k €	-86.3%	278,1 k €	+254%	78,5 k €	-66.5%	234,1 k €	+138%	98,3 k €	+26.9%	77,4 k €	-7.8%	84 k €	+12.1%	74,9 k €	+7.5%	69,6 k €	-24.7%	92,5 k €	+48.4%	62,4 k €	+628%	8,6 k €	-57.9%	20,4 k €	+111%	9,6 k €
EBITDA	97,5 k €	-26.4%	132,5 k €	+717%	16,2 k €	-72.1%	58,2 k €	-28.0%	80,8 k €	+43.4%	56,3 k €	+55.4%	36,3 k €	-86.8%	275,4 k €	+272%	73,9 k €	-67.5%	227,3 k €	+160%	87,3 k €	+50.9%	57,9 k €	-0.5%	58,1 k €	-9.4%	64,2 k €	-2.4%	65,8 k €	-26.5%	89,5 k €	+54.2%	58 k €	+1001%	5,3 k €	-73.3%	19,7 k €	+122%	8,9 k €
Operating result	63,5 k €	-37.4%	101,5 k €	+659%	-18,2 k €	-138%	47,6 k €	-34.5%	72,6 k €	+59.2%	45,6 k €	+96.4%	23,2 k €	-91.2%	262,9 k €	+316%	63,2 k €	-70.7%	215,6 k €	+186%	75,4 k €	+113%	35,4 k €	-0.0%	35,4 k €	-13.6%	41 k €	-5.7%	43,4 k €	-39.8%	72,1 k €	+43.2%	50,3 k €	+2728%	-1,9 k €	-114%	13,4 k €	+52.2%	8,8 k €
Net result	49,8 k €	+78.7%	27,9 k €	+141%	-67,6 k €	-585%	14 k €	-74.5%	54,7 k €	+231%	16,5 k €	+95.8%	8,4 k €	-94.7%	159 k €	+245%	46,1 k €	-33.2%	69 k €	+497%	11,6 k €	+1251%	855,5 €	-51.1%	1,7 k €	-81.5%	9,4 k €	-24.1%	12,4 k €	-66.5%	37,1 k €	+131%	16,1 k €	+152%	-31 k €	-1576%	2,1 k €	-75.8%	8,7 k €
Balance sheet
Equity	458,4 k €	+12.2%	408,5 k €	+7.3%	380,7 k €	-15.1%	448,3 k €	+3.2%	434,3 k €	+14.4%	379,6 k €	+4.5%	363,1 k €	+2.4%	354,7 k €	+81.3%	195,6 k €	+30.8%	149,5 k €	+120%	68,1 k €	+20.4%	56,5 k €	+1.5%	55,7 k €	+3.2%	53,9 k €	+21.2%	44,5 k €	+38.8%	32,1 k €	+741%	-5 k €	+76.2%	-21,1 k €	-312%	9,9 k €	+26.8%	7,8 k €
Total assets	2 M €	-8.6%	2,2 M €	+3.4%	2,1 M €	+128%	927,7 k €	+11.5%	832 k €	+2.2%	814,1 k €	-2.2%	832,7 k €	+11.6%	746,2 k €	+5.0%	710,8 k €	+6.3%	668,4 k €	-1.0%	675,3 k €	+37.2%	492,1 k €	-14.6%	576,1 k €	-9.3%	635,4 k €	+10.8%	573,6 k €	+10.4%	519,5 k €	+3.5%	501,9 k €	-9.8%	556,2 k €	+219%	174,4 k €	+260%	48,4 k €
Cash	20,5 k €	-14.5%	23,9 k €	+29.8%	18,4 k €	-19.4%	22,9 k €	+2797%	789,4 €	-94.2%	13,5 k €	-32.1%	19,9 k €	-39.0%	32,6 k €	+415%	6,3 k €	-47.3%	12 k €	-43.0%	21,1 k €	+821%	2,3 k €	-83.3%	13,7 k €	-43.8%	24,4 k €	+327%	5,7 k €	-35.8%	8,9 k €	-61.3%	23 k €	+109%	11 k €	+6.1%	10,4 k €	+16.4%	8,9 k €
Debts	1,5 M €	-13.2%	1,8 M €	+2.4%	1,7 M €	+262%	479,4 k €	+20.5%	397,7 k €	-8.5%	434,5 k €	-7.5%	469,6 k €	+19.9%	391,5 k €	-24.0%	515,2 k €	+9.3%	471,4 k €	-22.4%	607,2 k €	+39.4%	435,6 k €	-16.3%	520,4 k €	-10.5%	581,5 k €	+9.9%	529,1 k €	+8.5%	487,5 k €	-3.8%	506,9 k €	-12.2%	577,3 k €	+251%	164,5 k €	+321%	39,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,2 ETP	-60.0%	0,5 ETP	0.0%	0,5 ETP	+25.0%	0,4 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Dani DANIELOV

Manager

Active

Ended mandates

Dani DANIELOV

Manager · since 14 septembre 2006

Ended

Michael SHATASHVILI

Manager · until 14 septembre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
TISA JETS● Active	1035.952.080

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/09/2026	25/08/2025	01/07/2024	03/07/2023	13/07/2022	20/08/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/05/2026	14/09/2026	Dutch	PDF
Micro model	31/12/2024	26/05/2025	25/08/2025	Dutch	PDF
Micro model	31/12/2023	27/05/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	30/05/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	30/05/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	20/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	07/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	02/08/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	26/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	01/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	14/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	02/08/2012	Dutch	PDF
Abridged model	31/12/2010	23/05/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	24/09/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Dani DANIELOV

Manager

Active

Ended mandates

Dani DANIELOV

Manager · since 14 septembre 2006

Ended

Michael SHATASHVILI

Manager · until 14 septembre 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/05/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/06/2008
MAATSCHAPPELIJKE ZETEL
PDF
Registered office05/12/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/10/2006
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202549,8 k €↑
2024
Annual accounts 202427,9 k €↑
2023
Annual accounts 2023-67,6 k €↓
2022
Annual accounts 202214 k €↓
2021
Annual accounts 202154,7 k €↑
2020
Annual accounts 202016,5 k €↑
2019
Annual accounts 20198,4 k €↓
2018
Annual accounts 2018159 k €↑
2017
Annual accounts 201746,1 k €↓
2016
Annual accounts 201669 k €↑
2015
Annual accounts 201511,6 k €↑
2014
Annual accounts 2014855,5 €↓
2013
Annual accounts 20131,7 k €↓
2012
Annual accounts 20129,4 k €↓
2011
Annual accounts 201112,4 k €↓
2010
Annual accounts 201037,1 k €↑
2009
Annual accounts 200916,1 k €↑
2008
Annual accounts 2008-31 k €↓
2007
Annual accounts 20072,1 k €↓
2006
Annual accounts 20068,7 k €
31/07/1996
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SHATZ

Overview

What does SHATZ do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline