4 E
ActiveSummary
4 E has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €670,004 and a net result of €144,310. Equity has been growing by about 28% per year since 2019. Its solvency ranks better than 82% of 9,845 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-12-2006 Normal situation
- Activity
- Wholesale of clothing, excluding workwear and underwear NACE 46423and 3 others
- Establishment units
- 2.159.162.788 8792 Waregem, since 29-12-2006
- 2.159.163.976 8500 Kortrijk, since 29-12-2006and 1 other
- Financial year end
- 30 September
- Peppol
- Reachable since 04-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €302,863
- ▲ 7.6%
- Turnover
- ≈ €1.5m
- estimated
- Profit
- €144,310
- ▲ 20.7%
- Equity
- €670,004
- ▲ 27.0%
- Total assets
- €865,761
- ▲ 15.9%
- Employees on 30-09-2025
- 1
- =
Score breakdownlowers riskLiquidity: current ratio 6.66, cash €170,946Equity €670,004 (77.4% of total assets)Founded in 2006Figures for financial year 2025 (filed on 27-03-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 78% on liquidity, 84% on profitability and 80% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-03-2026 PDF all 19 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 14% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 3 | 1 | 1 |
| full-time | - | 1 | - | - |
| part-time | 1 | 2 | 1 | 1 |
| in full-time equivalents | 0.4 | 2.1 | 0.7 | 0.7 |
| Average over the year, in full-time equivalents | 0.4 | 0.6 | 0.7 | 0.8 |
| On a permanent contract | 1 | 2 | 1 | 1 |
| Joined | 1 | 3 | 3 | 2 |
| Left | 0 | 1 | 4 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,069 | €4,647 | €11,638 | €8,484 | €69,372 |
| Financial fixed assets | - | - | €5,400 | - | - |
| Depreciation and write-downs of the year | €65,904 | €62,425 | €63,235 | €52,661 | €56,995 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €16,913 | €25,354 | €44,907 | €37,511 | ▼ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,817 | €70,623 | €65,904 | €62,425 | €63,235 | €52,661 | €56,995 | ▲ 8.2% |
| Other operating charges640/8 | - | - | €8,600 | €7,329 | €4,054 | €5,276 | €5,114 | ▼ 3.1% |
| Gross operating margin9900 | €166,930 | €122,202 | €164,415 | €220,672 | €219,342 | €281,461 | €302,863 | ▲ 7.6% |
| Operating profit (loss)9901 | €67,566 | €25,497 | €89,911 | €134,005 | €126,699 | €178,617 | €203,243 | ▲ 13.8% |
| Financial income75/76B | - | - | €11,301 | €12,619 | €18,047 | €12,309 | €17,116 | ▲ 39.0% |
| Recurring financial income75 | €10,112 | €10,565 | €11,301 | €12,619 | €18,047 | €12,309 | €17,116 | ▲ 39.0% |
| Financial charges65/66B | - | - | €22,101 | €14,546 | €8,238 | €13,511 | €6,832 | ▼ 49.4% |
| Recurring financial charges65 | €34,319 | €16,591 | €22,101 | €14,546 | €8,238 | €13,511 | €6,832 | ▼ 49.4% |
| Profit (loss) for the period before taxes9903 | €55,609 | €19,471 | €79,111 | €132,078 | €136,508 | €177,416 | €213,528 | ▲ 20.4% |
| Income taxes67/77 | €11,561 | €4,488 | €26,290 | €45,898 | €46,986 | €57,854 | €69,218 | ▲ 19.6% |
| Profit (loss) for the period9904 | €44,048 | €14,983 | €52,821 | €86,179 | €89,522 | €119,562 | €144,310 | ▲ 20.7% |
| Profit (loss) for the period to be appropriated9905 | €44,048 | €14,983 | €52,821 | €86,179 | €89,522 | €119,562 | €144,310 | ▲ 20.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €868,503 | €811,219 | €916,189 | €618,557 | €672,395 | €747,174 | €865,761 | ▲ 15.9% |
| Fixed assets21/28 | €412,957 | €349,012 | €287,177 | €229,306 | €183,110 | €138,819 | €149,401 | ▲ 7.6% |
| Tangible fixed assets22/27 | €412,957 | €349,012 | €287,177 | €229,306 | €177,710 | €133,419 | €144,001 | ▲ 7.9% |
| Plant, machinery and equipment23 | - | - | €7,075 | €7,247 | €8,017 | €8,613 | €7,503 | ▼ 12.9% |
| Furniture and vehicles24 | - | - | €28,971 | €16,404 | €9,515 | €10,105 | €62,221 | ▲ 516% |
| Leasing and similar rights25 | - | - | €235,975 | €195,551 | €155,126 | €114,702 | €74,277 | ▼ 35.2% |
| Other tangible fixed assets26 | - | - | €15,156 | €10,104 | €5,052 | €0 | - | - |
| Financial fixed assets28 | - | - | - | - | €5,400 | €5,400 | €5,400 | = |
| Current assets29/58 | €455,546 | €462,207 | €629,012 | €389,251 | €489,285 | €608,355 | €716,360 | ▲ 17.8% |
| Stocks and contracts in progress3 | €147,852 | €163,378 | €132,980 | €151,575 | €262,722 | €253,901 | €223,905 | ▼ 11.8% |
| Stocks30/36 | - | - | €132,980 | €151,575 | €262,722 | €253,901 | €223,905 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €19,143 | €16,143 | €11,240 | €30,670 | €17,721 | €66,652 | €171,514 | ▲ 157% |
| Trade receivables40 | - | - | €10,215 | €29,245 | €16,044 | €5,900 | €15,208 | ▲ 158% |
| Other amounts receivable41 | - | - | €1,026 | €1,425 | €1,677 | €60,752 | €156,306 | ▲ 157% |
| Current investments50/53 | €175,403 | €188,415 | €298,933 | €50,933 | €20,183 | €150,612 | €141,586 | ▼ 6.0% |
| Cash at bank and in hand54/58 | €107,154 | €90,184 | €181,987 | €151,751 | €181,611 | €130,285 | €170,946 | ▲ 31.2% |
| Deferred charges and accrued income490/1 | - | - | €3,872 | €4,323 | €7,047 | €6,905 | €8,409 | ▲ 21.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €868,503 | €811,219 | €916,189 | €618,557 | €672,395 | €747,174 | €865,761 | ▲ 15.9% |
| Equity10/15 | €170,810 | €185,794 | €237,015 | €321,594 | €409,517 | €527,412 | €670,004 | ▲ 27.0% |
| Contributions10/11 | €95,000 | - | €95,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Reserves13 | €99,500 | €90,794 | €142,015 | €226,594 | €314,517 | €432,412 | €575,004 | ▲ 33.0% |
| Non-distributable reserves130/1 | - | - | €9,500 | €9,500 | €9,500 | - | - | - |
| Reserves not available under the articles1311 | - | - | €9,500 | €9,500 | €9,500 | - | - | - |
| Distributable reserves133 | - | - | €132,515 | €217,094 | €305,017 | €432,412 | €575,004 | ▲ 33.0% |
| Profit (loss) carried forward14 | -€23,690 | - | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €50,977 | €50,977 | €50,977 | €50,977 | €50,977 | €50,977 | €50,977 | = |
| Provisions for liabilities and charges160/5 | - | - | €50,977 | €50,977 | €50,977 | €50,977 | €50,977 | = |
| Pensions and similar obligations160 | - | - | €50,977 | €50,977 | €50,977 | €50,977 | €50,977 | = |
| Amounts payable17/49 | €646,716 | €574,448 | €628,196 | €245,985 | €211,901 | €168,784 | €144,780 | ▼ 14.2% |
| Amounts payable after more than one year17 | €225,624 | €167,804 | €125,381 | €104,128 | €82,365 | €60,079 | €37,258 | ▼ 38.0% |
| Financial debts170/4 | - | - | €125,381 | €104,128 | €82,365 | €60,079 | €37,258 | ▼ 38.0% |
| Amounts payable within one year42/48 | €421,091 | €389,471 | €494,039 | €137,089 | €129,536 | €108,705 | €107,521 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | €42,423 | €21,253 | €21,763 | €22,286 | €22,821 | ▲ 2.4% |
| Financial debts43 | - | - | €357 | €1,055 | €930 | €3,195 | €665 | ▼ 79.2% |
| Credit institutions430/8 | - | - | €357 | €1,055 | €930 | €3,195 | €665 | ▼ 79.2% |
| Trade debts44 | €8,719 | €6,824 | €19,632 | €12,547 | €4,280 | €24,802 | €23,075 | ▼ 7.0% |
| Suppliers440/4 | - | - | €19,632 | €12,547 | €4,280 | €24,802 | €23,075 | ▼ 7.0% |
| Taxes, remuneration and social security45 | - | - | €62,345 | €58,742 | €52,531 | €56,757 | €59,243 | ▲ 4.4% |
| Taxes450/3 | - | - | €62,345 | €56,246 | €48,459 | €50,102 | €52,163 | ▲ 4.1% |
| Remuneration and social security454/9 | - | - | - | €2,496 | €4,072 | €6,655 | €7,080 | ▲ 6.4% |
| Other amounts payable47/48 | - | - | €369,282 | €43,492 | €50,031 | €1,666 | €1,718 | ▲ 3.1% |
| Accrued charges and deferred income492/3 | - | - | €8,777 | €4,769 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,048 | €14,983 | €52,821 | €86,179 | €89,522 | €119,562 | €144,310 | ▲ 20.7% |
| + Depreciation and write-downs630 | €70,817 | €70,623 | €65,904 | €62,425 | €63,235 | €52,661 | €56,995 | ▲ 8.2% |
| Operating cash flow (approximation) | €114,865 | €85,606 | €118,725 | €148,604 | €152,757 | €172,222 | €201,305 | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | -€6,677 | -€4,069 | -€4,554 | -€17,038 | -€8,370 | -€67,577 | ▼ 707% |
| Change in cash | - | -€16,970 | €91,804 | -€30,236 | €29,860 | -€51,327 | €40,661 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as 4 E has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of 4 E itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for 4 E. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 27-03-2026 | 2026-00063467 | |
| 30-09-2024 | abbreviated format | 13-04-2025 | 2025-00068540 | |
| 30-09-2023 | abbreviated format | 25-03-2024 | 2024-00048412 | |
| 30-09-2022 | abbreviated format | 24-03-2023 | 2023-00044553 | |
| 30-09-2021 | abbreviated format | 21-04-2022 | 2022-20005628 | |
| 30-09-2020 | abbreviated format | 24-04-2021 | 2021-11200297 | |
| 30-09-2019 | abbreviated format | 08-04-2020 | 2020-08700519 | |
| 30-09-2018 | abbreviated format | 29-04-2019 | 2019-11000101 | |
| 30-09-2017 | micro format | 26-04-2018 | 2018-10800587 | |
| 30-09-2016 | abbreviated format | 14-04-2017 | 2017-09500462 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-11-2023 Converted to unavailable equity · €104,500
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ingrid Coussement |
|
| Koen Vanlancker |
|
Network & group
4 E shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of 4 E. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-11
Gazette deed
Resignations: Koen Vanlancker (director) and Ingrid Coussement (director)Appointments: Koen Vanlancker (director) and Ingrid Coussement (director) · Director discharge · Power of attorney14 points ▸
- Director resignation, Koen Vanlancker (director (not named in the articles))
- Director resignation, Ingrid Coussement (director (not named in the articles))
- Director discharge, Koen Vanlancker
- Director discharge, Ingrid Coussement
- Director appointment, Koen Vanlancker (director (not named in the articles))
- Director appointment, Ingrid Coussement (director (not named in the articles))
- Power of attorney
- Power of attorney, Arne De Geeter
- General meeting, 02-10-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm van de besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, opheffing en beschikbaar maken voor uitkering” (deed in Dutch)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
26 activities
- Het verstrekken van adviezen en het geven van vorming op gebied van computerapparatuur,randapparatuur,programmatuur,het verwerken en/of bewerken van digitale gegevens,computersystemen,elektronicasystemen.
- Het beheren,bewerken,verwerken en onderhouden van digitale gegevens,digitale netwerken;
- Het beheren van internet en nieuwe media
- Het realiseren,maken beheren van programma’s en gebruiksklare digitale elektronische systemen;
- Het beheren,bewerken,verwerken en onderhouden van audioen video apparatuur,fotografische en cinematografische apparaten en optische artikelen;
- Het maken van reportages op gebied van film,video en soortgelijken;het ontwerpen van en voeren van reclameen promotie campagnes via de verschillende media-vormen;
- Het beheren van publiciteitsdragers,in de ruimste zin;
- Groot en kleinhandel,de aankoop en verkoop in het groot en in het klein,het verhuren en/of leasen,de in-en uitvoer,het vervoer en de bedeling van computer,randapparatuur en programmatuur,kantoormachines en toebehoren;
- Het maken van ontwerpen voor uitstalramen en de realisatie ervan;
- Het ontwerpen en plaatsen van decors voor theaters,film,schouwburgen,bioscopen en in het algemeen alle andere evenementenzalen.Het organiseren,het coördineren en het begeleiden van alle culturele activiteiten,sportactiviteiten en in het algemeen alle evenementen in de ruimste zin van het woord;
- Het verzorgen van alle theater technische voorzieningen en begeleiding;
- Het leveren,plaatsen en afbreken van installaties en standen voor congressen,beurzen,tentoonstellingen,feesten,en dergelijke;
- Verhuur van divers materiaal voor evenementen,congressen,beurzen,tentoonstellingen,feesten,en dergelijke;
- Groot en kleinhandel,de aankoop en verkoop in het groot en in het klein,het verhuren en/of leasen,de in-en uitvoer,het vervoer en de bedeling en de productie van bureaumeubelen in het algemeen;
- Detailhandel in kledij en toebehoren;
- Grooten kleinhandel,de aankoop en verkoop,het verhuren van,de in-en uitvoer van,het vervoer en de bedeling,de productie van kledij en hun toebehoren;
- Het verlenen van diensten in het kader van het controleren,nazien en verbeteren van allerhande teksten,artikels,literatuur en dergelijke;
- Groot en kleinhandel,aankoop en verkoop in het groot en in het klein,de inen uitvoer,het vervoer en de bedeling van alle producten van de visvangst,landbouw,tuinbouw,veeteelt,voedingsbedrijven,mijnen,graverijen,steengroeven,tabaksnijverheid,scheikundige nijverheid,houtnijverheid,papiernijverheid,drukkunst,ledernijverheid,textielnijverheid,kledingsnijverheid,kunst-en precisienijverheid en recuperatieproducten.
- Het beheren van vennootschappen in de meest brede zin.
- Het geven van management en consultingadviezen op het gebied van de marketing,productie,techniek,financiën en administratief en commercieel beheer.
- Het uitwerken van organisatieprojecten in ondernemingen.Het uitoefenen van bestuurdersmandaten in verschillende vennootschappen.
- Het nemen van minderheidsen of meerderheidsparticipaties in bestaand en of op te richten ondernemingen,het verstrekken van financiële middelen,het uitwerken van rendementsstudies en technische studies,het creëren van prototypes en nieuwe producten en markten.
- Alle onroerende verrichtingen in de ruimste zin,en namelijk de aankoop,de verkoop,de verhuring en de uitbating van gebouwen zowel voor zichzelf als voor rekening van derden en in samenwerking met derden.
- Het beheer van onroerend vermogen alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van haar onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borg te stellen voor de goede afloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen,evenals alle verrichtingen van onroerende,roerende en financiële aard die rechtsreeks of onrechtstreeks met dit voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
- Alle commerciële,industriële en financiële activiteiten en alle onroerend en roerend goed verhandelingen uitvoeren die rechtsreeks of onrechtstreeks verband houden met haar voorwerp of deze activiteiten die haar zullen toelaten voordeel te halen voor haar ontwikkeling.
- De leiding en het toezicht,in haar hoedanigheid als bedrijfsleider,vereffenaar of anderszins,belangen nemen in bestaande of op te richten vennootschappen of ondernemingen in België of in het buitenland,waarvan het voorwerp verwant of analoog is met hare of van aard haar voorwerp te bevorderen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34010A0339/00A000 | Flanders | 2,960 m² | 1 · 363 m² | 7.1 m · 2 |
| 36502B0038/00R000 | Flanders | 656 m² | 1 · 115 m² | 18.4 m · 4 |
| 34353H1081/00N000 | Flanders | 147 m² | 1 · 126 m² | 12.7 m · 3 |