ACTIVE

SHAWANDA

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Financial year 2025 · closed on 30/06/2025

Net result

697,3 k €

+235.9% YoY

Gross margin

1,2 M €

+122.2% YoY

Equity

2,4 M €

+40.7% YoY

What does SHAWANDA do?

SHAWANDA is a Private limited company incorporated in 2006. Its registered office is in Schaerbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.417.314

Incorporation

10/07/2006

Legal form

Private limited company

Registered office

Rue Royale-Sainte-Marie 27
1030 Schaerbeek · BruxellesSee on map

Latest accounts

30/06/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,2 M €	+122%	556,2 k €	+10.8%	502,1 k €	+349%	111,9 k €	-71.3%	389,7 k €	-27.2%	535,1 k €	+47.9%	361,8 k €	+10.0%	328,8 k €	+14.8%	286,5 k €	-46.7%	537,3 k €	-14.5%	628,7 k €	-26.4%	854,3 k €	+3.6%	825 k €	-3.3%	853,4 k €	+36.2%	626,4 k €	-8.5%	684,3 k €	+36.6%	501,1 k €	+106%	243,2 k €
EBITDA	891,6 k €	+175%	324,4 k €	+12.8%	287,6 k €	+959%	27,2 k €	-91.6%	323,7 k €	-20.5%	407,4 k €	+42.8%	285,3 k €	+31.0%	217,7 k €	+53.4%	141,9 k €	-58.3%	340 k €	-8.9%	373 k €	+8.2%	344,8 k €	+21.7%	283,2 k €	+3.4%	274 k €	-3.8%	284,9 k €	-21.9%	364,6 k €	+81.6%	200,8 k €	+151%	79,9 k €
Operating result	888,7 k €	+189%	308 k €	+11.4%	276,4 k €	+1498%	17,3 k €	-94.5%	311,8 k €	-19.9%	389,4 k €	+48.7%	261,9 k €	+39.6%	187,7 k €	+79.5%	104,6 k €	-65.0%	299,1 k €	-11.7%	338,7 k €	+13.3%	299 k €	+42.4%	209,9 k €	-5.3%	221,6 k €	-2.1%	226,5 k €	-27.6%	312,7 k €	+105%	152,8 k €	+315%	36,8 k €
Net result	697,3 k €	+236%	207,6 k €	+10.4%	188,1 k €	+37489%	500,5 €	-99.8%	211,9 k €	-18.8%	260,9 k €	+49.8%	174,1 k €	+101%	86,5 k €	+98.5%	43,6 k €	-73.4%	163,9 k €	-12.5%	187,4 k €	+21.2%	154,6 k €	+64.0%	94,3 k €	-5.0%	99,3 k €	-0.6%	99,9 k €	-33.0%	149,1 k €	+83.7%	81,2 k €	+188%	28,2 k €
Balance sheet
Equity	2,4 M €	+40.7%	1,7 M €	+12.4%	1,5 M €	+10.4%	1,4 M €	+0.0%	1,4 M €	+18.1%	1,2 M €	+22.7%	953,2 k €	+15.7%	824,1 k €	+6.5%	773,6 k €	+1.0%	766 k €	+20.0%	638 k €	+31.1%	486,6 k €	+32.2%	368 k €	+18.8%	309,7 k €	+25.7%	246,5 k €	+35.0%	182,6 k €	+163%	69,4 k €	+205%	22,8 k €
Total assets	2,9 M €	+31.7%	2,2 M €	+4.1%	2,1 M €	+1.5%	2,1 M €	-7.4%	2,3 M €	+4.6%	2,2 M €	+3.1%	2,1 M €	-1.3%	2,1 M €	-1.3%	2,2 M €	-3.5%	2,2 M €	-1.6%	2,3 M €	+1.4%	2,3 M €	+0.9%	2,2 M €	-0.3%	2,2 M €	+4.4%	2,1 M €	-5.4%	2,3 M €	+0.1%	2,3 M €	+840%	240,7 k €
Cash	230,9 k €	+26.0%	183,3 k €	+73.9%	105,4 k €	+279%	27,8 k €	-87.6%	223,9 k €	+36.3%	164,3 k €	+82.0%	90,3 k €	+49.8%	60,3 k €	+261%	16,7 k €	-80.3%	84,9 k €	+24.3%	68,3 k €	+21.0%	56,5 k €	-42.4%	98 k €	+67.7%	58,4 k €	+14.6%	51 k €	-61.2%	131,4 k €	+33.0%	98,8 k €	-0.2%	99 k €
Debts	466,2 k €	+1.8%	458,1 k €	-18.2%	560,3 k €	-16.5%	671,2 k €	-15.7%	796,1 k €	-15.2%	938,8 k €	-13.8%	1,1 M €	-12.9%	1,3 M €	-8.8%	1,4 M €	-7.3%	1,5 M €	-9.4%	1,6 M €	-6.6%	1,7 M €	-5.0%	1,8 M €	-3.5%	1,9 M €	+1.8%	1,9 M €	-9.2%	2,1 M €	-4.4%	2,2 M €	+913%	212,5 k €
Other
Workforce	–		–		–		–		–		–		–		1,7 ETP		0,0 ETP	-100%	0,2 ETP	-60.0%	0,5 ETP	-95.3%	10,7 ETP	-18.9%	13,2 ETP	-21.4%	16,8 ETP	+14.3%	14,7 ETP	+63.3%	9,0 ETP	+50.0%	6,0 ETP	+39.5%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 6 ended

Active mandates

AGHA INTERNATIONAL

Director · since 30 juin 2017 · 0472.430.481

Represented by Noordin Kutchi

Active

Ended mandates

AGHA INTERNATIONAL

Manager · since 30 juin 2017 · 0472.430.481

Represented by Noordin Kutchi

Ended

ZAIN KUTCHI

Manager · since 01 octobre 2014

Ended

Rukhsana ABDULMOHAMED BANDALI

Manager · since 01 octobre 2013

Ended

NOORDIN KUTCHI

Manager

Ended

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/11/2025	26/11/2024	04/08/2023	22/08/2022	28/07/2021	21/09/2020
General meeting	28/11/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	19/06/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	28/11/2025	28/11/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	26/11/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	04/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	22/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	28/07/2021	French	PDF
Micro model	31/12/2019	19/06/2020	21/09/2020	French	PDF
Micro model	31/12/2018	21/06/2019	25/06/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	26/07/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	04/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	24/09/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	25/10/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	15/10/2009	French	PDF
Abridged model	31/12/2007	20/03/2008	30/09/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 30/06/2025 · 1 active · 6 ended

Active mandates

AGHA INTERNATIONAL

Director · since 30 juin 2017 · 0472.430.481

Represented by Noordin Kutchi

Active

Ended mandates

AGHA INTERNATIONAL

Manager · since 30 juin 2017 · 0472.430.481

Represented by Noordin Kutchi

Ended

ZAIN KUTCHI

Manager · since 01 octobre 2014

Ended

Rukhsana ABDULMOHAMED BANDALI

Manager · since 01 octobre 2013

Ended

NOORDIN KUTCHI

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other09/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates22/07/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates22/11/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office03/12/2010
SIEGE SOCIAL
PDF
Other19/07/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025697,3 k €↑
2023
Annual accounts 2023207,6 k €↑
2022
Annual accounts 2022188,1 k €↑
2021
Annual accounts 2021500,5 €↓
2020
Annual accounts 2020211,9 k €↓
2019
Annual accounts 2019260,9 k €↑
2018
Annual accounts 2018174,1 k €↑
2017
Annual accounts 201786,5 k €↑
2016
Annual accounts 201643,6 k €↓
2015
Annual accounts 2015163,9 k €↓
2014
Annual accounts 2014187,4 k €↑
2013
Annual accounts 2013154,6 k €↑
2012
Annual accounts 201294,3 k €↓
2011
Annual accounts 201199,3 k €↓
2010
Annual accounts 201099,9 k €↓
2009
Annual accounts 2009149,1 k €↑
2008
Annual accounts 200881,2 k €↑
2007
Annual accounts 200728,2 k €
10/07/2006
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

SHAWANDA

Overview

What does SHAWANDA do?

Trend over 18 financial years

Indicative valuation

Board of directors

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