Equity
-€271,899
Debts exceed assets in financial year 2024.
BALANCE
Lifetime
10 annual accounts with figures on one time axispeak €341,961 (2019)
€15,660▲ €35,779
lowest -€406,749 (2018)
-€13,019▲ €71,213
peak -€20,271 (2020)
-€271,899▼ €13,019
€312,906▲ 8.6%
peak 2.2 FTE (2015)
-not published
Board1 name since 2024
1 directorVAN HEESVELDE Marleen
Owners
Documentsfilings and deeds
30-09-202561 days late
2024micro format
Gross margin from -€20,119 to €15,660Loss of €13,019Registered office moved from Knokke to Knokke-Heist 15-10Cash from €513 to €319
Key points
from the 2024 annual accountsLosses
-€251,629 in four years
Every financial year from 2021 to 2024 closed with a loss. 2022 was the heaviest.
Turnover
≈ €180,000 estimated
The accounts state no turnover.
Debts
€312,906 763% of the balance sheet
Suppliers 11%Taxes and wages 0%Other 89%
Filings
10 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-663.1%
Lower solvency than 95% of companies in retail trade. Sector median 32.2% · 25,553 companies.
Checked score
46
Fair
Financially stronger than 16% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.5%
01-2025: 4.5%● unchanged vs 12-2024
02-2025: 4.5%● unchanged vs 01-2025
03-2025: 4.4%▼ -0.1 percentage points vs 02-2025
04-2025: 4.8%▲ +0.4 percentage points vs 03-2025
05-2025: 5.0%▲ +0.2 percentage points vs 04-2025
06-2025: 4.9%▼ -0.1 percentage points vs 05-2025
07-2025: 5.0%▲ +0.1 percentage points vs 06-2025
08-2025: 5.4%▲ +0.4 percentage points vs 07-2025
09-2025: 6.0%▲ +0.6 percentage points vs 08-2025
10-2025: 6.6%▲ +0.6 percentage points vs 09-2025
11-2025: 6.6%● unchanged vs 10-2025
12-2025: 6.6%● unchanged vs 11-2025
01-2026: 6.6%● unchanged vs 12-2025
02-2026: 6.6%● unchanged vs 01-2026
03-2026: 6.2%▼ -0.4 percentage points vs 02-2026
04-2026: 6.5%▲ +0.3 percentage points vs 03-2026
05-2026: 6.8%▲ +0.3 percentage points vs 04-2026
06-2026: 6.6%▼ -0.2 percentage points vs 05-2026
07-2026: 6.7%▲ +0.1 percentage points vs 06-2026
08-2026: 6.9%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 6.9%● unchanged vs 08-2026
10-2026: 4.1%▼ -2.8 percentage points vs 09-2026lowest value
11-2026: 4.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 30-09-2025)
lowers risk
Size: total assets €41,006
Founded in 2014
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 47, micro). It does better than 6% of them on solvency, 3% on liquidity, 23% on profitability and 31% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 6,907 companies had the same profile as BALANCE has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BALANCE itself: 4.1% within 12 months.
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 6,907 companies, not a prediction for BALANCE. 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 0.04 (0.03 in 2023), below 1. Short-term debt is 763.1% and cash 0.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€271,899
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 61 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
61 days late
2023
on the day
2022
32 days late
2021
3 days early
2020
31 days late
2019
272 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 66 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Appointment: VAN HEESVELDE Marleen (director)
General meeting of 24-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0556906890
Registered office moved from Knokke to Knokke-Heist
New registered office: Camille Lemonierlaan D2 te 8300 Knokke-Heist · Previous registered office: Duinrooslaan 14 te 8300 Knokke · General meeting of 15-09-2024 · Gazette deed
First establishment
Camille Lemonnierlaan 16, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BALANCE Knokke-Heist | €41,006 | €15,660 | -663.1% | - |
| IMAGOLD Schaerbeek | €43,344 | €13,210 | -1020.2% | 0.8 |
| A J N S Les Bons Villers | €46,829 | €18,972 | -20.6% | - |
| MCR Ypres | €36,870 | €24,000 | 90.8% | - |
| MARI LAMY Lichtervelde | €42,922 | €10,515 | -103.9% | - |
| MAISSA MODE Schaerbeek | €47,864 | €19,358 | 32.2% | - |
| MARYLENE MADOU Genk | €39,101 | €14,492 | -96.5% | - |
These companies have the same main activity as BALANCE: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €36,900 and €47,900, founded between 2011 and 2016.
Official details
Source: KBO- Status
- Active since 29-07-2014Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 1 other
- Establishment unit
- 2.233.228.7238300 Knokke-Heist, since 12-12-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on BALANCE
BALANCE files the micro format. That format states no turnover. The gross margin rose from -€66,144 in 2015 to €15,660 in 2024.
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 BALANCE
- What is the company number of BALANCE?
- The company number of BALANCE is 0556.906.890. The VAT number is the same number with BE in front: BE 0556.906.890.
- Where is BALANCE based?
- The registered office is at Camille Lemonnierlaan 16, 8300 Knokke-Heist.Company details
- What does BALANCE do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of BALANCE?
- BALANCE is a private limited company (BV).
- When was BALANCE founded?
- BALANCE was founded on 29-07-2014.
- Is BALANCE still active?
- Yes, BALANCE is an active enterprise in the KBO register.
- How many employees does BALANCE have?
- BALANCE had an average of 0.7 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of BALANCE?
- The turnover in financial year 2024 is ≈ €180,000. This figure is estimated from the gross margin of €15,660 and 40 comparable companies (NACE 47716). It probably lies between €61,000 and €370,000. It is a rough estimate.
- Is BALANCE profitable?
- In financial year 2024, BALANCE made a loss of €13,019.
- Where can I find the annual accounts of BALANCE?
- BALANCE filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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