18
ActiveSummary
The annual accounts of 18 for fiscal year 2026 show a net loss of 65% of the equity at the start of that year. The 2026 annual accounts show equity of €27,297 and a net result of -€50,212. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 233 sector peers (fiscal year 2026). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-17
Solvency46▼-34
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.94 against 2.1 in 2025; short-term debt: 71.6% and cash: 0.2% of total assets), and 79.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
20.8%
Return on assets
-38.2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€50,212
neutral · Filed after the deadline
The financial year that closed on 01-02-2026 was due by 01-09-2026 and was filed on 22-09-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
21 d late
2025
22 d late
2024
2 d early
2023
35 d late
2022
21 d early
2021
13 d late
2020
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 01-02-2027 and is due by 01-09-2027. Nothing is late today. Usually files around 22 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today01-02-2027 close01-09-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€27,297▼ 64.8%
2025 · €77,509
Total assets
€131,508▼ 6.5%
2025 · €140,586
Net result
-€50,212▼ 338%
2025 · -€11,477
Working capital
-€5,296
2025 · €52,448
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€5,148€20,345€11,076▼ 45.6%-€9,187-€48,547▼ 428%
Net result-€7,274below the sector's middle half€11,093within the sector's middle half€5,758within the sector's middle half▼ 48.1%-€11,477below the sector's middle half-€50,212▼ 338%
Equity€72,134within the sector's middle half▼ 9.2%€83,227within the sector's middle half▲ 15.4%€88,985within the sector's middle half▲ 6.9%€77,509within the sector's middle half▼ 12.9%€27,297▼ 64.8%
Total assets€106,263within the sector's middle half▼ 15.5%€117,539within the sector's middle half▲ 10.6%€159,737within the sector's middle half▲ 35.9%€140,586within the sector's middle half▼ 12.0%€131,508▼ 6.5%
Debt€34,129▼ 26.4%€34,312▲ 0.5%€70,752▲ 106%€63,077▼ 10.8%€104,212▲ 65.2%
Working capital€69,284within the sector's middle half▼ 8.8%€76,128within the sector's middle half▲ 9.9%€54,658within the sector's middle half▼ 28.2%€52,448within the sector's middle half▼ 4.0%-€5,296
Solvency67.9%above the sector's middle half▲ 4.7pp70.8%above the sector's middle half▲ 2.9pp55.7%within the sector's middle half▼ 15.1pp55.1%within the sector's middle half▼ 0.6pp20.8%▼ 34.4pp
Current ratio3.03above the sector's middle half▲ 0.393.22above the sector's middle half▲ 0.192.09within the sector's middle half▼ 1.132.10within the sector's middle half▲ 0.010.94▼ 1.16
Return on assets (ROA)-6.8%below the sector's middle half▼ 15.7pp9.4%within the sector's middle half▲ 16.3pp3.6%within the sector's middle half▼ 5.8pp-8.2%below the sector's middle half▼ 11.8pp-38.2%▼ 30.0pp
Staff (FTE)0.8▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48,547 in 2026 against €9,187 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €131,508
Fixed assets
€42,661 ▲ 5.3%
Current assets
€88,848 ▼ 11.2%
Equity and liabilities €131,508
Equity
€27,297 ▼ 64.8%
Debt
€104,212 ▲ 65.2%
Debt's share of the balance-sheet total rises from 44.9% to 79.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€37,206▼
2025 · €2,155
Cash flow
-€38,870▼
2025 · -€135
Quick ratio
0.19▼
2025 · 1.03
Debt to equity
3.82▲
2025 · 0.81
ROE
-183.9%▼
2025 · -14.8%
Interest coverage
-24.78▼
2025 · 0.96
Debt ≤ 1 year
€94,144▲
2025 · €47,635
Debt > 1 year
€10,068▼
2025 · €15,442
Income taxes
€163▼
2025 · €174
Staff costs
€85▼
2025 · €487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,295 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,295 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €34,520 | €257 | €112 | €487 | €85 | ▼ 82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €553 | €1,036 | €11,163 | €11,342 | €11,342 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €844 | -€837 | -€1,715 | €7,392 | -€3,412 | ▼ 146% |
| Other operating charges640/8 | €1,323 | €1,128 | €3,158 | €4,568 | €674 | ▼ 85.2% |
| Gross operating margin9900 | €32,092 | €21,929 | €23,795 | €14,602 | -€39,859 | ▼ 373% |
| Operating profit (loss)9901 | -€5,148 | €20,345 | €11,076 | -€9,187 | -€48,547 | ▼ 428% |
| Financial income75/76B | €151 | €1 | €22 | €119 | €0 | ▼ 100% |
| Recurring financial income75 | €151 | €1 | €22 | €119 | €0 | ▼ 100% |
| Financial charges65/66B | €1,548 | €752 | €1,446 | €2,235 | €1,501 | ▼ 32.8% |
| Recurring financial charges65 | €1,548 | €752 | €1,446 | €2,235 | €1,501 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | -€6,546 | €19,594 | €9,652 | -€11,303 | -€50,049 | ▼ 343% |
| Income taxes67/77 | €728 | €8,501 | €3,894 | €174 | €163 | ▼ 6.2% |
| Profit (loss) for the period9904 | -€7,274 | €11,093 | €5,758 | -€11,477 | -€50,212 | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | -€7,274 | €11,093 | €5,758 | -€11,477 | -€50,212 | ▼ 338% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,263 | €117,539 | €159,737 | €140,586 | €131,508 | ▼ 6.5% |
| Fixed assets21/28 | €2,850 | €7,099 | €54,885 | €40,503 | €42,661 | ▲ 5.3% |
| Tangible fixed assets22/27 | €2,850 | €7,099 | €54,885 | €40,503 | €29,161 | ▼ 28.0% |
| Furniture and vehicles24 | - | €4,802 | €53,142 | €39,312 | €28,524 | ▼ 27.4% |
| Other tangible fixed assets26 | €2,850 | €2,297 | €1,743 | €1,190 | €637 | ▼ 46.5% |
| Financial fixed assets28 | - | - | - | - | €13,500 | - |
| Current assets29/58 | €103,414 | €110,440 | €104,852 | €100,083 | €88,848 | ▼ 11.2% |
| Stocks and contracts in progress3 | €66,207 | €69,408 | €73,131 | €50,828 | €70,895 | ▲ 39.5% |
| Stocks30/36 | €66,207 | €69,408 | €73,131 | €50,828 | €70,895 | ▲ 39.5% |
| Amounts receivable within one year40/41 | €32,893 | €36,268 | €24,550 | €15,369 | €17,436 | ▲ 13.4% |
| Trade receivables40 | €14,691 | €19,817 | €16,755 | €2,876 | €3,043 | ▲ 5.8% |
| Other amounts receivable41 | €18,202 | €16,451 | €7,795 | €12,493 | €14,393 | ▲ 15.2% |
| Cash at bank and in hand54/58 | €4,314 | €4,763 | €7,172 | €33,885 | €277 | ▼ 99.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €240 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,263 | €117,539 | €159,737 | €140,586 | €131,508 | ▼ 6.5% |
| Equity10/15 | €72,134 | €83,227 | €88,985 | €77,509 | €27,297 | ▼ 64.8% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €11,485 | €22,578 | €22,578 | €22,578 | €22,578 | = |
| Non-distributable reserves130/1 | €303 | €303 | €303 | €303 | €303 | = |
| Reserves not available under the articles1311 | €303 | €303 | €303 | €303 | €303 | = |
| Distributable reserves133 | €11,182 | €22,275 | €22,275 | €22,275 | €22,275 | = |
| Profit (loss) carried forward14 | €10,649 | €10,649 | €16,407 | €4,931 | -€45,281 | ▼ 1,018% |
| Amounts payable17/49 | €34,129 | €34,312 | €70,752 | €63,077 | €104,212 | ▲ 65.2% |
| Amounts payable after more than one year17 | - | - | €20,558 | €15,442 | €10,068 | ▼ 34.8% |
| Financial debts170/4 | - | - | €20,558 | €15,442 | €10,068 | ▼ 34.8% |
| Amounts payable within one year42/48 | €34,129 | €34,312 | €50,194 | €47,635 | €94,144 | ▲ 97.6% |
| Current portion of amounts payable after more than one year42 | - | - | €4,869 | €5,115 | €5,374 | ▲ 5.1% |
| Financial debts43 | €10,000 | €10,852 | €11,272 | €10,000 | €0 | ▼ 100% |
| Credit institutions430/8 | €10,000 | €10,852 | €11,272 | €10,000 | €0 | ▼ 100% |
| Trade debts44 | €14,890 | €16,626 | €148 | €12,041 | €19,807 | ▲ 64.5% |
| Suppliers440/4 | €14,890 | €16,626 | €148 | €12,041 | €19,807 | ▲ 64.5% |
| Taxes, remuneration and social security45 | €5,658 | €6,834 | €3,692 | €3,985 | €5,529 | ▲ 38.7% |
| Taxes450/3 | €5,658 | €6,834 | €3,692 | €3,985 | €5,529 | ▲ 38.7% |
| Other amounts payable47/48 | €3,581 | - | €30,214 | €16,493 | €63,434 | ▲ 285% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,274 | €11,093 | €5,758 | -€11,477 | -€50,212 | ▼ 338% |
| + Depreciation and write-downs630 | €553 | €1,036 | €11,163 | €11,342 | €11,342 | = |
| Operating cash flow (approximation) | -€6,721 | €12,129 | €16,922 | -€135 | -€38,870 | ▼ 28,663% |
| Investment in fixed assets (approximation) | - | -€5,285 | -€58,949 | €3,041 | -€13,500 | ▼ 544% |
| Change in cash | - | €449 | €2,408 | €26,714 | -€33,609 | ▼ 226% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema · 21 days late
01-02
Financial
Weakest financial yearnet -€50,212
Net result drops to -€50,212, the lowest in the series.
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
01-02
Financial
Back to profitnet €11,093
Net result €11,093 after one loss-making year.
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
01-02
Financial
Back to profitnet €21,883
Net result €21,883 after one loss-making year.
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2016
Ground area
117 m²
Building footprint
89 m²
Volume, LiDAR
1,596 m³
Parcel 31334B0137/00A000, Flanders · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
So Antwerp
since 20162.262.213.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0137/00A000 | Flanders | 117 m² | 1 · 89 m² | 23.7 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 276 companies in sector 47519 we hold annual accounts for 130. 106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-10-2009
Fiscal year end01-02
Activities, NACEBEL 2025
47519Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819825588
Also
9925:BE0819825588
Registered
27-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.