Equity
-€37,257
Debts exceed assets in financial year 2025.
FOXLAND
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1977Gross marginpeak €440,679 (2007)
€94,355▲ 64.2%
Resultlowest -€124,443 (2011)
€61,922▲ 147%
Equitypeak €884,905 (2009)
-€37,257▲ €61,922
Debts
€229,268▼ 23.3%
Staffpeak 6.1 FTE (2012)
-not published
Board2 names since 2016
1 directorDEVOS Vincent
Owners
Documentsfilings and deeds
04-06-202657 days before the deadline
2025micro format
Gross margin from €57,473 to €94,355Result from €25,053 to €61,922Equity from -€99,179 to -€37,257Debts from €298,992 to €229,268Cash from €7,919 to €4,300
Key points
from the 2025 annual accountsChecked score
56
Fair
Financially stronger than 52% of micro companies in clothing (NACE 14)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 317 companies (NACE 14, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025highest value
05-2025: 0.3%▼ -0.5 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.3 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€37,257
Liquidity: current ratio 0.21, cash €4,300
lowers risk
Size: total assets €192,011
Founded in 1968
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 14, micro). It does better than 20% of them on solvency, 6% on liquidity, 95% on profitability and 86% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as FOXLAND has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FOXLAND itself is lower: 0.3% within 12 months. It rests on far more data about FOXLAND than the profile alone.
Test of the method
The method was tested on the 497,447 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 3,794 companies, not a prediction for FOXLAND. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.21 (0.14 in 2024), below 1. Short-term debt is 116.9% and cash 2.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 199 sector peers (2025).
NBB · sector comparisonPosition among 199 sector peers
Solvency
better than 23%
← weakest
strongest →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 days early
2024
7 days late
2023
29 days late
2022
17 days early
2021
30 days early
2020
31 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 14), the median for financial year 2024 was 6 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405348152
Company renamed from B.T.A. to FOXLAND
Registered office moved to Meulebeke · New registered office: Vuilputstraat 80, 8760 Meulebeke · Change of role: DEVOS Vincent, from managing director to sole director · General meeting of 24-04-2023 · Gazette deed
2 directors reappointed
Vincent Devos (managing director) and Buddleia NV · Permanent representative: Benoit Devos · General meeting of 25-06-2022 · Gazette deed
Establishment taken over
Vuilputstraat 80, Tielt · in the KBO since 1949
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| FOXLAND Tielt | €192,011 | €94,355 | -19.4% | - |
| BEERNAERT Oudenaarde | €294,427 | €86,339 | 72.0% | - |
| Albert Antwerp | €299,292 | €149,184 | -3.4% | - |
| MAILLOTS PAVLOVA Bruges | €328,009 | €153,111 | 51.8% | - |
| CLORYAND BELGIUM Braine-l'Alleud | €361,420 | €92,123 | 14.4% | - |
| BRUSSELS KNITTING COMPANY Brussels | €107,227 | €43,697 | 97.7% | - |
| REGIS STYLE Sint-Gillis-Waas | €334,027 | €62,415 | 81.3% | - |
These companies have the same main activity as FOXLAND: manufacture of outerwear (NACE 14210). They are comparable in size and age: total assets between €107,000 and €361,000, founded between 1968 and 1986.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Manufacture of outerwearNACE 14210and 7 others
- Establishment unit
- 2.003.588.2508760 Tielt, since 01-02-1949
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Annual accounts 2025
- Turnover
- ≈ €280,000estimated
- Total assets
- €192,011▼ 3.9%
- Filing
- Filed on 04-06-2026, 57 days before the end of the filing period
Insights on FOXLAND
FOXLAND files the micro format. That format states no turnover. The gross margin fell from €326,130 in 2006 to €94,355 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FOXLAND
- What is the company number of FOXLAND?
- The company number of FOXLAND is 0405.348.152. The VAT number is the same number with BE in front: BE 0405.348.152.
- Where is FOXLAND based?
- The registered office is at Vuilputstraat 80, 8760 Tielt.Company details
- What does FOXLAND do?
- According to the KBO register, the main activity is manufacture of outerwear (NACE 14210).
- What is the legal form of FOXLAND?
- FOXLAND is a public limited company (NV).
- When was FOXLAND founded?
- FOXLAND was founded on 01-01-1968.
- Is FOXLAND still active?
- Yes, FOXLAND is an active enterprise in the KBO register.
- How many employees does FOXLAND have?
- FOXLAND had an average of 0.2 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of FOXLAND?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €94,355 and 2,667 comparable companies of the same size. It probably lies between €190,000 and €490,000. It is a rough estimate.
- Is FOXLAND profitable?
- In financial year 2025, FOXLAND made a profit of €61,922.
- Where can I find the annual accounts of FOXLAND?
- FOXLAND filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FOXLAND due?
- FOXLAND must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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