BELAUBADE
ActiveBELAUBADE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €465k and a net result of €-71k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 4839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-15
Solvency52▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.33 in 2024; short-term debt: 73.2% and cash: 7.2% of total assets), and 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
53 d late
2023
14 d early
2022
48 d early
2021
26 d late
2020
5 d early
2019
25 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-71k
2024 · €37k
2018: €80k
2019: €21k
2020: €12k
2021: €34k
2022: €21k
2023: €27k
2024: €37k
2018 → 2025
Working capital
€351k▼ 13.7%
2024 · €407k
2018: €311k
2019: €321k
2020: €342k
2021: €377k
2022: €401k
2023: €388k
2024: €407k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€451k-€472k▲ 4.6%€499k▲ 5.8%€536k▲ 7.4%€465k▼ 13.3%
Operating result€210k-€245k▲ 16.6%€183k▼ 25.4%€169k▼ 7.5%€75k▼ 55.9%
Net result€34k-€21k▼ 38.5%€27k▲ 31.1%€37k▲ 36.1%€-71k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€113k▼ 11.9%
Current assets
€1.62M▼ 1.3%
Equity and liabilities €1.73M
Equity
€465k▼ 13.3%
Debt
€1.27M▲ 2.8%
The debt ratio rises from 69.7% to 73.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€94k▼
2024 · €187k
Cash flow
€-52k▼
2024 · €55k
Solvency
26.8%▼
2024 · 30.3%
Current ratio
1.28▼
2024 · 1.33
Quick ratio
0.92▼
2024 · 0.98
Debt / equity
2.73▲
2024 · 2.30
ROE
-15.3%▼
2024 · 6.9%
ROA
-4.1%▼
2024 · 2.1%
Interest coverage
0.78▼
2024 · 1.67
Debt
€1.27M▲
2024 · €1.23M
Debt ≤ 1 year
€1.27M▲
2024 · €1.23M
Income taxes
€25k▲
2024 · €15k
Staff costs
€741k▼
2024 · €749k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€1.73M▼
Fixed assets21/28€128k€113k▼
Tangible fixed assets22/27€60k€45k▼
Plant, machinery and equipment23€60k€43k▼
Furniture and vehicles24€1€2k▲
Financial fixed assets28€68k€68k=
Current assets29/58€1.64M€1.62M▼
Stocks and contracts in progress3€432k€448k▲
Stocks30/36€432k€448k▲
Amounts receivable within one year40/41€1.04M€1.04M▼
Trade receivables40€1.02M€1.02M▼
Other amounts receivable41€19k€15k▼
Cash at bank and in hand54/58€155k€125k▼
Deferred charges and accrued income490/1€15k€13k▼
Equity and liabilities
Total equity and liabilities10/49€1.77M€1.73M▼
Equity10/15€536k€465k▼
Contributions10/11€362k€362k=
Capital10€362k€362k=
Issued capital100€362k€362k=
Reserves13€36k€36k=
Non-distributable reserves130/1€36k€36k=
Legal reserve130€36k€36k=
Profit (loss) carried forward14€138k€66k▼
Amounts payable17/49€1.23M€1.27M▲
Amounts payable within one year42/48€1.23M€1.27M▲
Trade debts44€966k€1.03M▲
Suppliers440/4€884k€860k▼
Bills of exchange payable441€82k€167k▲
Taxes, remuneration and social security45€268k€241k▼
Taxes450/3€128k€131k▲
Remuneration and social security454/9€140k€111k▼
Other amounts payable47/48€695€1k▲
Income statement
Code20242025
Non-recurring operating income76A€9k€20k▲
Remuneration, social security and pensions62€749k€741k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17k€-24k▼
Other operating charges640/8€12k€11k▼
Gross operating margin9900€966k€822k▼
Operating profit (loss)9901€169k€75k▼
Financial income75/76B€225-
Recurring financial income75€225-
Financial charges65/66B€117k€121k▲
Recurring financial charges65€113k€120k▲
Non-recurring financial charges66B€5k€336▼
Profit (loss) for the period before taxes9903€52k€-46k▼
Income taxes67/77€15k€25k▲
Profit (loss) for the period9904€37k€-71k▼
Profit (loss) for the period to be appropriated9905€37k€-71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€66k▼
Profit (loss) brought forward from the previous period14P€101k€138k▲
Social balance
Average headcount (FTE)908711.110.4▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-71k ▼293%
Net result drops to €-71k, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 53 days late
2024
31-12
Financial
Equity above €500kEq €536k ▲7.4%
7 profitable years in a row build equity to €536k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-02-2025
Philippe BERNAUD: Resigned as Director
30-06-2023
SCHMIDT-EISENHART Timo: Resigned as Director
12-04-2021
Reiner PICHLER: Resigned as Director
12-04-2021
Reiner PICHLER: Resigned as Managing director
31-05-2018
Thomas STOCKLIN: Resigned as Director
01-04-2016
Andreas LINDEMANN: Resigned as Director
01-04-2016
Félix SULZBERGER: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gulden-Vlieslaan 341050 ElseneGround area
45 m²
Building footprint
520 m²
Volume, LiDAR
3,731 m³
Parcel 21009A0376/00Z008, Brussels · tallest building 14.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AUBADE
since 19942.065.898.872
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0376/00Z008 | Brussels | 45 m² | 1 · 520 m² | 14.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| Ernst & Young Réviseurs d'entreprises Statutory auditor · represented by Eef Naessens | - → 16-01-2018 |
Show 1 earlier auditors
| KPMG Réviseurs d'Entreprises BV/SRL Statutory auditor · represented by Christophe Vanderstocken | - → 05-12-2024 |
Similar companies · same sector, comparable size
ALTEX
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HD & CO
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KIMVA
BE 0429.861.537
Juprelle · Eq €472k
Manchild
BE 0806.601.421
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TEO MARTI INTERNATIONAL
BE 0451.719.102
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Of 687 companies in sector 46412 we hold annual accounts for 517. 391 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-02-1994
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
47714Retail trade
51410
47512Retail sale of household textiles and bedding
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.