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883 RETAIL

Active
Private limited companyfounded 2020active for 5 yearsSassevaart 32, 9940 Evergem, BelgiumKBO/BCE: BE 0757.662.941
Summary

The computed 12-month bankruptcy probability of 883 RETAIL is 3.0% (moderate). The 2025 annual accounts show equity of €21,151 and a net result of €97,779. Equity is shrinking by about 31% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 26% of 13,426 sector peers (NACE 46, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Turnover
€360,039▲ 335%
2024 · €82,717
EBIT margin
28.3%▲ 100.5pp
2024 · -72.2%
Net result
€97,779
2024 · -€63,500
Working capital
-€13,012▲ 88.5%
2024 · -€112,688
Trend over the years

2021 to 2025, 5 financial years

The operating result returns to profit in 2025: €101,754 after a loss of €59,726 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€360,039 2025 Operating result€101,754 2025 Net result€97,779 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Turnover€1,900-€82,717€360,039▲ 335%
Operating result-€13,063--€3,187▲ 75.6%-€5,887▼ 84.7%-€59,726▼ 914%€101,754
Net result-€13,489below the sector's middle half--€3,318below the sector's middle half▲ 75.4%-€6,320below the sector's middle half▼ 90.5%-€63,500below the sector's middle half▼ 905%€97,779above the sector's middle half
EBIT margin-687.4%--72.2%28.3%▲ 100.5pp
Equity-€3,489below the sector's middle half--€6,808below the sector's middle half▼ 95.1%-€13,128below the sector's middle half▼ 92.8%-€76,628below the sector's middle half▼ 484%€21,151within the sector's middle half
Total assets€16,359below the sector's middle half-€16,703below the sector's middle half▲ 2.1%€11,201below the sector's middle half▼ 32.9%€267,852within the sector's middle half▲ 2,291%€209,499within the sector's middle half▼ 21.8%
Debt€19,848-€23,511▲ 18.5%€24,329▲ 3.5%€344,480▲ 1,316%€188,348▼ 45.3%
Working capital-€10,817below the sector's middle half--€14,135below the sector's middle half▼ 30.7%-€16,825below the sector's middle half▼ 19.0%-€112,688below the sector's middle half▼ 570%-€13,012below the sector's middle half▲ 88.5%
Solvency-21.3%below the sector's middle half--40.8%below the sector's middle half▼ 19.4pp-117.2%below the sector's middle half▼ 76.4pp-28.6%below the sector's middle half▲ 88.6pp10.1%within the sector's middle half▲ 38.7pp
Current ratio0.14below the sector's middle half-0.13below the sector's middle half▼ 0.010.01below the sector's middle half▼ 0.120.63below the sector's middle half▲ 0.630.92below the sector's middle half▲ 0.28
Return on assets (ROA)-82.5%below the sector's middle half--19.9%below the sector's middle half▲ 62.6pp-56.4%below the sector's middle half▼ 36.6pp-23.7%below the sector's middle half▲ 32.7pp46.7%above the sector's middle half▲ 70.4pp
Staff (FTE)1.62▲ 25.0%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209,499
Fixed assets €63,277 ▼ 13.5%
Current assets €146,222 ▼ 24.9%
Equity and liabilities €209,499
Equity €21,151
Debt €188,348
Debt finances 89.9% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€111,625▲
2024 · -€53,902
Cash flow
€107,650▲
2024 · -€57,676
Quick ratio
0.40▲
2024 · 0.35
Debt to equity
8.90
ROE
462.3%
Interest coverage
over 100▲
2024 · -14.28
Debt ≤ 1 year
€159,234▼
2024 · €307,392
Debt > 1 year
€29,114▼
2024 · €37,088
Income taxes
€3,717
Staff costs
€67,587▲
2024 · €40,923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
95.8% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 6,713 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€267,852€209,499▼
Fixed assets21/28€73,148€63,277▼
Tangible fixed assets22/27€54,648€44,777▼
Plant, machinery and equipment23€29,105€22,606▼
Furniture and vehicles24€25,543€22,171▼
Financial fixed assets28€18,500€18,500=
Current assets29/58€194,704€146,222▼
Stocks and contracts in progress3€88,456€81,883▼
Stocks30/36€88,456€81,883▼
Amounts receivable within one year40/41€28,983€49,469▲
Trade receivables40-€35,191
Other amounts receivable41€28,983€14,278▼
Cash at bank and in hand54/58€77,265€14,870▼
Equity and liabilities
Total equity and liabilities10/49€267,852€209,499▼
Equity10/15-€76,628€21,151▲
Contributions10/11€10,000€10,000=
Contributions outside capital11€10,000-
Other1109/19€10,000-
Profit (loss) carried forward14-€86,628€11,151▲
Amounts payable17/49€344,480€188,348▼
Amounts payable after more than one year17€37,088€29,114▼
Financial debts170/4€37,088€29,114▼
Amounts payable within one year42/48€307,392€159,234▼
Trade debts44€172,619€49,605▼
Suppliers440/4€172,619€49,605▼
Taxes, remuneration and social security45€17,929€25,855▲
Taxes450/3€2,289€11,659▲
Remuneration and social security454/9€15,640€14,196▼
Other amounts payable47/48€116,844€83,774▼
Income statement Code20242025
Turnover70€82,717€360,039▲
Goods, raw materials, services and sundry goods60/61€101,910€276,500▲
Remuneration, social security and pensions62€40,923€67,587▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,824€9,871▲
Other operating charges640/8€940€1,123▲
Gross operating margin9900-€12,039€180,335▲
Operating profit (loss)9901-€59,726€101,754▲
Financial charges65/66B€3,774€258▼
Recurring financial charges65€3,774€258▼
Profit (loss) for the period before taxes9903-€63,500€101,496▲
Income taxes67/77-€3,717
Profit (loss) for the period9904-€63,500€97,779▲
Profit (loss) for the period to be appropriated9905-€63,500€97,779▲
Appropriation of the result
Profit (loss) to be appropriated9906-€86,628€11,151▲
Profit (loss) brought forward from the previous period14P-€23,128-€86,628▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€1,900--€82,717€360,039▲ 335%
Goods, raw materials, services and sundry goods60/61€11,404€3,187€2,353€101,910€276,500▲ 171%
Remuneration, social security and pensions62---€40,923€67,587▲ 65.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,021-€3,534€5,824€9,871▲ 69.5%
Other operating charges640/8€539--€940€1,123▲ 19.5%
Gross operating margin9900-€9,504-€3,187-€2,353-€12,039€180,335-
Operating profit (loss)9901-€13,063-€3,187-€5,887-€59,726€101,754-
Financial charges65/66B€426-€432€3,774€258▼ 93.2%
Recurring financial charges65€426-€432€3,774€258▼ 93.2%
Profit (loss) for the period before taxes9903-€13,489-€3,187-€6,320-€63,500€101,496-
Income taxes67/77-€131--€3,717-
Profit (loss) for the period9904-€13,489-€3,318-€6,320-€63,500€97,779-
Profit (loss) for the period to be appropriated9905-€13,489-€3,318-€6,320-€63,500€97,779-
Line20212022202320242025Change
Assets
Total assets20/58€16,359€16,703€11,201€267,852€209,499▼ 21.8%
Fixed assets21/28€14,650€14,650€11,116€73,148€63,277▼ 13.5%
Tangible fixed assets22/27€14,650€14,650€11,116€54,648€44,777▼ 18.1%
Plant, machinery and equipment23---€29,105€22,606▼ 22.3%
Furniture and vehicles24€14,650€14,650€11,116€25,543€22,171▼ 13.2%
Financial fixed assets28---€18,500€18,500=
Current assets29/58€1,709€2,053€86€194,704€146,222▼ 24.9%
Stocks and contracts in progress3---€88,456€81,883▼ 7.4%
Stocks30/36---€88,456€81,883▼ 7.4%
Amounts receivable within one year40/41€289€618-€28,983€49,469▲ 70.7%
Trade receivables40----€35,191-
Other amounts receivable41€289€618-€28,983€14,278▼ 50.7%
Cash at bank and in hand54/58€1,420€1,435€86€77,265€14,870▼ 80.8%
Equity and liabilities
Total equity and liabilities10/49€16,359€16,703€11,201€267,852€209,499▼ 21.8%
Equity10/15-€3,489-€6,808-€13,128-€76,628€21,151-
Contributions10/11€10,000€10,000€10,000€10,000€10,000=
Contributions outside capital11---€10,000--
Other1109/19---€10,000--
Profit (loss) carried forward14-€13,489-€16,808-€23,128-€86,628€11,151-
Amounts payable17/49€19,848€23,511€24,329€344,480€188,348▼ 45.3%
Amounts payable after more than one year17€7,322€7,322€7,418€37,088€29,114▼ 21.5%
Financial debts170/4€7,322€7,322€7,418€37,088€29,114▼ 21.5%
Amounts payable within one year42/48€12,526€16,188€16,911€307,392€159,234▼ 48.2%
Current portion of amounts payable after more than one year42€3,150€3,150----
Trade debts44€1,604€5,135€4,635€172,619€49,605▼ 71.3%
Suppliers440/4€1,604€5,135€4,635€172,619€49,605▼ 71.3%
Taxes, remuneration and social security45-€131-€17,929€25,855▲ 44.2%
Taxes450/3-€131-€2,289€11,659▲ 409%
Remuneration and social security454/9---€15,640€14,196▼ 9.2%
Other amounts payable47/48€7,772€7,772€12,275€116,844€83,774▼ 28.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€13,489-€3,318-€6,320-€63,500€97,779-
+ Depreciation and write-downs630€3,021-€3,534€5,824€9,871▲ 69.5%
Operating cash flow (approximation)-€10,468-€3,318-€2,786-€57,676€107,650-
Investment in fixed assets (approximation)-€0€0-€67,856€0-
Change in cash-€16-€1,350€77,179-€62,395-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 micro format 03-07-2026 2026-00248026
31-12-2024 micro format 30-09-2025 2025-00524081
31-12-2023 micro format 29-07-2024 2024-00296583
31-12-2022 micro format 29-03-2024 2024-00053408
31-12-2021 micro format 06-03-2024 2024-00041947

Similar companies · same sector, comparable size

Of the 1,275 active companies whose main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423), figures are known for 792. 424 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.