Barricade
ActiveSummary
Barricade has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68,598 and a net result of -€682. Equity is growing by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-26
Solvency59▲+2
Growth70▲+1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 3.1 against 2.64 in 2023; short-term debt: 30.2% and cash: 24.7% of total assets), but 65.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 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 2024Solvency, return and age of the figures
Solvency
34.2%
Return on assets
-0.3%
Age of the figures
21 mo
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
42 d early
2023
44 d early
2022
42 d early
2021
41 d early
2020
38 d early
2016
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; 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 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€85,530▲ 7.0%
2023 · €79,926
EBIT margin
0.1%▼ 6.7pp
2023 · 6.8%
Net result
-€682
2023 · €3,833
Working capital
€127,444▼ 0.5%
2023 · €128,126
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
Line20202021202220232024
Turnover€67,072-€77,913▲ 16.2%€75,005▼ 3.7%€79,926▲ 6.6%€85,530▲ 7.0%
Operating result-€8,898--€2,612▲ 70.6%€7,220€5,400▼ 25.2%€89▼ 98.3%
Net result-€9,610below the sector's middle half--€3,414below the sector's middle half▲ 64.5%€6,951within the sector's middle half€3,833within the sector's middle half▼ 44.9%-€682within the sector's middle half
EBIT margin-13.3%--3.4%▲ 9.9pp9.6%▲ 13.0pp6.8%▼ 2.9pp0.1%▼ 6.7pp
Equity€61,909within the sector's middle half-€58,495within the sector's middle half▼ 5.5%€65,446within the sector's middle half▲ 11.9%€69,280within the sector's middle half▲ 5.9%€68,598below the sector's middle half▼ 1.0%
Total assets€134,273below the sector's middle half-€145,343below the sector's middle half▲ 8.2%€225,823below the sector's middle half▲ 55.4%€217,248below the sector's middle half▼ 3.8%€200,502below the sector's middle half▼ 7.7%
Debt€45,669-€59,353▲ 30.0%€126,882▲ 114%€79,473▼ 37.4%€76,609▼ 3.6%
Working capital€78,937within the sector's middle half-€74,112within the sector's middle half▼ 6.1%€155,983within the sector's middle half▲ 110%€128,126within the sector's middle half▼ 17.9%€127,444within the sector's middle half▼ 0.5%
Solvency46.1%within the sector's middle half-40.2%within the sector's middle half▼ 5.9pp29.0%within the sector's middle half▼ 11.3pp31.9%within the sector's middle half▲ 2.9pp34.2%within the sector's middle half▲ 2.3pp
Current ratio2.77above the sector's middle half-2.25within the sector's middle half▼ 0.523.66above the sector's middle half▲ 1.412.64above the sector's middle half▼ 1.023.10above the sector's middle half▲ 0.46
Return on assets (ROA)-7.2%below the sector's middle half--2.3%below the sector's middle half▲ 4.8pp3.1%within the sector's middle half▲ 5.4pp1.8%within the sector's middle half▼ 1.3pp-0.3%within the sector's middle half▼ 2.1pp
Staff (FTE)5.3within the sector's middle half-5.5within the sector's middle half▲ 3.8%5.8within the sector's middle half▲ 5.5%7.6within the sector's middle half▲ 31.0%6.1within the sector's middle half▼ 19.7%
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.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 98% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200,502
Fixed assets
€12,502 ▲ 12.4%
Current assets
€188,000 ▼ 8.8%
Equity and liabilities €200,502
Equity
€68,598 ▼ 1.0%
Provisions
€55,295 ▼ 19.3%
Debt
€76,609 ▼ 3.6%
Debt's share of the balance-sheet total rises from 36.6% to 38.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€914▼
2023 · €6,170
Cash flow
€143▼
2023 · €4,603
Quick ratio
2.37▲
2023 · 2.07
Debt to equity
1.12▼
2023 · 1.15
ROE
-1.0%▼
2023 · 5.5%
Interest coverage
0.79▼
2023 · 3.59
Debt ≤ 1 year
€60,556▼
2023 · €77,995
Staff costs
€399,703▲
2023 · €383,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,338 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% | 1.9% |
| 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €67,072 | €77,913 | €75,005 | €79,926 | €85,530 | ▲ 7.0% |
| Goods, raw materials, services and sundry goods60/61 | - | €106,954 | €113,476 | €143,672 | €126,595 | ▼ 11.9% |
| Remuneration, social security and pensions62 | - | €309,078 | €309,106 | €383,196 | €399,703 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €470 | €574 | €1,060 | €770 | €825 | ▲ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €488 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,268 | €1,064 | €787 | €1,117 | ▲ 42.0% |
| Gross operating margin9900 | €288,163 | €309,108 | €324,450 | €425,640 | €388,534 | ▼ 8.7% |
| Operating profit (loss)9901 | -€8,898 | -€2,612 | €7,220 | €5,400 | €89 | ▼ 98.3% |
| Financial income75/76B | - | €398 | €941 | €152 | €379 | ▲ 149% |
| Recurring financial income75 | €168 | €398 | €941 | €152 | €379 | ▲ 149% |
| Financial charges65/66B | - | €1,200 | €1,210 | €1,719 | €1,151 | ▼ 33.1% |
| Recurring financial charges65 | €880 | €1,200 | €1,210 | €1,719 | €1,151 | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | -€9,610 | -€3,414 | €6,951 | €3,833 | -€682 | ▼ 118% |
| Profit (loss) for the period9904 | -€9,610 | -€3,414 | €6,951 | €3,833 | -€682 | ▼ 118% |
| Profit (loss) for the period to be appropriated9905 | -€9,610 | -€3,414 | €6,951 | €3,833 | -€682 | ▼ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,273 | €145,343 | €225,823 | €217,248 | €200,502 | ▼ 7.7% |
| Fixed assets21/28 | €10,789 | €11,878 | €11,194 | €11,126 | €12,502 | ▲ 12.4% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €1,155 | €1,744 | €1,419 | €1,351 | €2,977 | ▲ 120% |
| Plant, machinery and equipment23 | - | €1,744 | €1,419 | €1,351 | €2,977 | ▲ 120% |
| Financial fixed assets28 | €9,634 | €10,134 | €9,775 | €9,775 | €9,525 | ▼ 2.6% |
| Current assets29/58 | €123,484 | €133,465 | €214,629 | €206,121 | €188,000 | ▼ 8.8% |
| Stocks and contracts in progress3 | €42,292 | €42,292 | €42,540 | €44,391 | €44,688 | ▲ 0.7% |
| Stocks30/36 | - | €42,292 | €42,540 | €44,391 | €44,688 | ▲ 0.7% |
| Amounts receivable within one year40/41 | €4,612 | €3,536 | €10,455 | €22,488 | €9,751 | ▼ 56.6% |
| Trade receivables40 | - | €3,273 | €2,762 | €3,041 | €3,949 | ▲ 29.9% |
| Other amounts receivable41 | - | €263 | €7,693 | €19,447 | €5,801 | ▼ 70.2% |
| Current investments50/53 | €35,000 | €30,000 | €30,000 | €85,000 | €80,000 | ▼ 5.9% |
| Cash at bank and in hand54/58 | €36,425 | €53,592 | €126,901 | €50,837 | €49,564 | ▼ 2.5% |
| Deferred charges and accrued income490/1 | - | €4,045 | €4,733 | €3,405 | €3,998 | ▲ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,273 | €145,343 | €225,823 | €217,248 | €200,502 | ▼ 7.7% |
| Equity10/15 | €61,909 | €58,495 | €65,446 | €69,280 | €68,598 | ▼ 1.0% |
| Reserves13 | - | €68,464 | €68,464 | €68,464 | €68,464 | = |
| Profit (loss) carried forward14 | -€6,555 | -€9,969 | -€3,018 | €815 | €134 | ▼ 83.6% |
| Provisions and deferred taxes16 | €26,695 | €27,495 | €33,495 | €68,495 | €55,295 | ▼ 19.3% |
| Provisions for liabilities and charges160/5 | - | €27,495 | €33,495 | €68,495 | €55,295 | ▼ 19.3% |
| Environmental obligations163 | - | €27,495 | €33,495 | €68,495 | €55,295 | ▼ 19.3% |
| Amounts payable17/49 | €45,669 | €59,353 | €126,882 | €79,473 | €76,609 | ▼ 3.6% |
| Amounts payable within one year42/48 | €44,547 | €59,353 | €58,646 | €77,995 | €60,556 | ▼ 22.4% |
| Trade debts44 | €4,670 | €16,649 | €11,002 | €17,207 | €15,903 | ▼ 7.6% |
| Suppliers440/4 | - | €16,649 | €11,002 | €17,207 | €15,903 | ▼ 7.6% |
| Taxes, remuneration and social security45 | - | €42,704 | €47,644 | €57,596 | €44,652 | ▼ 22.5% |
| Remuneration and social security454/9 | - | €42,704 | €47,644 | €57,596 | €44,652 | ▼ 22.5% |
| Accrued charges and deferred income492/3 | - | - | €68,236 | €1,477 | €16,053 | ▲ 987% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,610 | -€3,414 | €6,951 | €3,833 | -€682 | ▼ 118% |
| + Depreciation and write-downs630 | €470 | €574 | €1,060 | €770 | €825 | ▲ 7.1% |
| Operating cash flow (approximation) | -€9,140 | -€2,840 | €8,011 | €4,603 | €143 | ▼ 96.9% |
| Investment in fixed assets (approximation) | - | -€1,663 | -€376 | -€702 | -€2,200 | ▼ 213% |
| Change in cash | - | €17,167 | €73,309 | -€76,064 | -€1,273 | ▲ 98.3% |
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
07-07
State Gazette act
Appointments: Démis Pirard (director) and Manon Vadjaraganian (day-to-day manager)14 facts ▸
State Gazette act
Appointments: Démis Pirard (director) and Manon Vadjaraganian (day-to-day manager)
14 facts ▸
- General meeting, 16-06-2026
- Director in office, Yannick Bovy (director)
- Director in office, Malika Blach (director)
- Director in office, Denis Pieret (director)
- Director in office, Olivier Starquit (director)
- Director in office, Perrine Vanmeerbeek (director)
- Director in office, Magali Armould (director)
- Director in office, Jérôme Bécuwe (director)
- Director in office, Julien Thoreau (director)
- Director in office, Virginie Gerouville (director)
- Director in office, Charlie Defize (director)
- Director in office, Véronique Neycken (director)
- +2 further facts in this act
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €6,951
Net result €6,951 after 2 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
17-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Démis Pirard
CurrentDirector · since 07-07-2026
Day-to-day management 1
Manon Vadjaraganian
CurrentDay-to-day manager · since 07-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2003
Ground area
96 m²
Building footprint
27 m²
Volume, LiDAR
354 m³
Parcel 62063C0576/00A000, Wallonia · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Barricade
since 20032.179.301.869
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063C0576/00A000 | Wallonia | 96 m² | 1 · 27 m² | 15.7 m · 4 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Démis Pirard |
|
| Manon Vadjaraganian |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 16 entries · 712,380 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 6 | 246,669 EUR |
| 2024 | 4 | 239,994 EUR |
| 2023 | 6 | 225,716 EUR |
Budget allocations
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Of 2,341 companies in sector 47621 we hold annual accounts for 1,245. 1,103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded01-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
94999Other membership organisations
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457984015
Registered
28-10-2025
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.