22KG
ActiveSummary
The computed 12-month bankruptcy probability of 22KG is 2.9% (moderate). The 2025 annual accounts show negative equity (-€15,277) and a net result of -€49,622. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 18626 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency8▼-46
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.07 against 1.49 in 2024; short-term debt: 92.3% and cash: 15.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
-17.5%
Return on assets
-56.7%
Age of the figures
9 mo
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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€15,277
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
5 d early
2023
13 d early
2022
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€15,277
2024 · €34,345
Total assets
€87,442▼ 26.9%
2024 · €119,636
Net result
-€49,622
2024 · €31,716
Working capital
€5,798▼ 85.1%
2024 · €38,800
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
Line2022202320242025
Operating result€395-€283▼ 28.3%€58,563▲ 20,567%-€34,613
Net result€224within the sector's middle half-€404within the sector's middle half▲ 80.3%€31,716above the sector's middle half▲ 7,746%-€49,622below the sector's middle half
Equity€2,224below the sector's middle half-€2,628below the sector's middle half▲ 18.2%€34,345within the sector's middle half▲ 1,207%-€15,277below the sector's middle half
Total assets€10,288below the sector's middle half-€15,698below the sector's middle half▲ 52.6%€119,636within the sector's middle half▲ 662%€87,442within the sector's middle half▼ 26.9%
Debt€8,064-€13,069▲ 62.1%€85,291▲ 553%€102,719▲ 20.4%
Working capital€7,673within the sector's middle half-€14,616within the sector's middle half▲ 90.5%€38,800within the sector's middle half▲ 165%€5,798within the sector's middle half▼ 85.1%
Solvency21.6%within the sector's middle half-16.7%within the sector's middle half▼ 4.9pp28.7%within the sector's middle half▲ 12.0pp-17.5%below the sector's middle half▼ 46.2pp
Current ratio5.19above the sector's middle half-26.45above the sector's middle half▲ 21.261.49within the sector's middle half▼ 24.961.07within the sector's middle half▼ 0.42
Return on assets (ROA)2.2%within the sector's middle half-2.6%within the sector's middle half▲ 0.4pp26.5%above the sector's middle half▲ 23.9pp-56.7%below the sector's middle half▼ 83.3pp
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 turns negative in 2025: a loss of €34,613 after €58,563 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,442
Fixed assets
€903 ▼ 49.9%
Current assets
€86,539 ▼ 26.6%
Key figures and ratios
EBITDA
-€33,714▼
2024 · €59,275
Cash flow
-€48,722▼
2024 · €32,428
Quick ratio
0.50▼
2024 · 1.25
Debt to equity
-6.72▼
2024 · 2.48
Interest coverage
-2.32▼
2024 · 6.03
Debt ≤ 1 year
€80,741▲
2024 · €79,033
Debt > 1 year
€21,978▲
2024 · €6,258
Income taxes
€467▼
2024 · €17,020
Staff costs
€1,455▲
2024 · €498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,010 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21 | €25 | €498 | €1,455 | ▲ 192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46 | €277 | €711 | €899 | ▲ 26.4% |
| Other operating charges640/8 | €577 | €465 | €4,078 | €4,412 | ▲ 8.2% |
| Gross operating margin9900 | €1,039 | €1,050 | €63,850 | -€27,847 | ▼ 144% |
| Operating profit (loss)9901 | €395 | €283 | €58,563 | -€34,613 | ▼ 159% |
| Financial income75/76B | €116 | €856 | - | - | - |
| Recurring financial income75 | €116 | €856 | - | - | - |
| Financial charges65/66B | €226 | €607 | €9,827 | €14,542 | ▲ 48.0% |
| Recurring financial charges65 | €226 | €607 | €9,827 | €14,542 | ▲ 48.0% |
| Profit (loss) for the period before taxes9903 | €285 | €532 | €48,736 | -€49,155 | ▼ 201% |
| Income taxes67/77 | €60 | €128 | €17,020 | €467 | ▼ 97.3% |
| Profit (loss) for the period9904 | €224 | €404 | €31,716 | -€49,622 | ▼ 256% |
| Profit (loss) for the period to be appropriated9905 | €224 | €404 | €31,716 | -€49,622 | ▼ 256% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €10,288 | €15,698 | €119,636 | €87,442 | ▼ 26.9% |
| Fixed assets21/28 | €784 | €507 | €1,802 | €903 | ▼ 49.9% |
| Tangible fixed assets22/27 | €784 | €507 | €1,802 | €903 | ▼ 49.9% |
| Plant, machinery and equipment23 | €784 | €507 | €1,802 | €903 | ▼ 49.9% |
| Current assets29/58 | €9,504 | €15,191 | €117,834 | €86,539 | ▼ 26.6% |
| Stocks and contracts in progress3 | €3,600 | €12,800 | €18,997 | €46,303 | ▲ 144% |
| Stocks30/36 | €3,600 | €12,800 | €18,997 | €46,303 | ▲ 144% |
| Amounts receivable within one year40/41 | €5,062 | - | €41,014 | €24,198 | ▼ 41.0% |
| Trade receivables40 | €4,997 | - | - | €316 | - |
| Other amounts receivable41 | €65 | - | €41,014 | €23,882 | ▼ 41.8% |
| Cash at bank and in hand54/58 | €842 | €2,391 | €57,823 | €13,869 | ▼ 76.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,170 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €10,288 | €15,698 | €119,636 | €87,442 | ▼ 26.9% |
| Equity10/15 | €2,224 | €2,628 | €34,345 | -€15,277 | ▼ 144% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €31,716 | €31,716 | = |
| Distributable reserves133 | - | - | €31,716 | €31,716 | = |
| Profit (loss) carried forward14 | €224 | €628 | €628 | -€48,993 | ▼ 7,896% |
| Amounts payable17/49 | €8,064 | €13,069 | €85,291 | €102,719 | ▲ 20.4% |
| Amounts payable after more than one year17 | €6,232 | €12,495 | €6,258 | €21,978 | ▲ 251% |
| Other amounts payable178/9 | €6,232 | €12,495 | €6,258 | €21,978 | ▲ 251% |
| Amounts payable within one year42/48 | €1,831 | €574 | €79,033 | €80,741 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,826 | - |
| Financial debts43 | - | - | - | €14,011 | - |
| Credit institutions430/8 | - | - | - | €14,011 | - |
| Trade debts44 | €1,771 | €88 | €41,529 | €9,252 | ▼ 77.7% |
| Suppliers440/4 | €1,771 | €88 | €41,529 | €9,252 | ▼ 77.7% |
| Taxes, remuneration and social security45 | €60 | €487 | €37,505 | €45,653 | ▲ 21.7% |
| Taxes450/3 | €60 | €487 | €37,505 | €45,653 | ▲ 21.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224 | €404 | €31,716 | -€49,622 | ▼ 256% |
| + Depreciation and write-downs630 | €46 | €277 | €711 | €899 | ▲ 26.4% |
| Operating cash flow (approximation) | €270 | €681 | €32,428 | -€48,722 | ▼ 250% |
| Investment in fixed assets (approximation) | - | €0 | -€2,007 | €0 | ▲ 100% |
| Change in cash | - | €1,549 | €55,432 | -€43,954 | ▼ 179% |
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 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€49,622
Net result drops to -€49,622, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €31,716 ▲7,746%
Operating result €58,563, net result €31,716, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 26.45
Current ratio from 5.19 to 26.45; short-term debt falls from €1,831 to €574.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
Ground area
108 m²
Building footprint
103 m²
Volume, LiDAR
651 m³
Parcel 11382A0357/00D006, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
22KG
since 20212.319.138.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382A0357/00D006 | Flanders | 108 m² | 1 · 103 m² | 10.9 m · 2 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.
Similar companies · same sector, comparable size
EL DECO
BE 0770.857.713
Schaarbeek · Eq €34,923
VITABULLE
BE 0552.772.811
Awans · Eq €33,063
STAR BACK
BE 1007.019.158
La Louvière · Eq €36,037
EUROPEAN UNION OF GOLD
BE 0445.505.360
Brussel · Eq €36,083
Muchii
BE 1023.721.073
Ukkel · Eq €36,844
Of 656 companies in sector 47715 we hold annual accounts for 187. 156 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
Founded18-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47715Retail trade
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46424Wholesale trade
46425Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769841389
Also
9925:BE0769841389
Registered
25-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.