Bella
ActiveSummary
Bella has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,078 and a net result of -€4,218. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-50
Solvency39▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.27 in 2024; short-term debt: 62.8% and cash: 0.7% of total assets), and 86.3% of the assets are financed with debt.
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Signals
Four 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 2025Solvency, return and age of the figures
Solvency
13.7%
Return on assets
-1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
43 d late
2023
on the day
2022
32 d late
2021
23 d late
2020
1 d early
2019
61 d late
← 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 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,078▼ 10.5%
2024 · €40,296
Total assets
€263,810▲ 0.9%
2024 · €261,395
Net result
-€4,218
2024 · €9,213
Working capital
€29,637▼ 45.6%
2024 · €54,501
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
Line20212022202320242025
Operating result€30,591€42,821▲ 40.0%€27,020▼ 36.9%€15,733▼ 41.8%€1,947▼ 87.6%
Net result€27,756above the sector's middle half€30,209above the sector's middle half▲ 8.8%€20,190above the sector's middle half▼ 33.2%€9,213within the sector's middle half▼ 54.4%-€4,218below the sector's middle half
Equity-€19,315below the sector's middle half▲ 59.0%€10,894within the sector's middle half€31,084within the sector's middle half▲ 185%€40,296within the sector's middle half▲ 29.6%€36,078within the sector's middle half▼ 10.5%
Total assets€115,517within the sector's middle half▼ 44.6%€243,077within the sector's middle half▲ 110%€245,437within the sector's middle half▲ 1.0%€261,395within the sector's middle half▲ 6.5%€263,810within the sector's middle half▲ 0.9%
Debt€134,832▼ 47.2%€232,183▲ 72.2%€214,353▼ 7.7%€221,099▲ 3.1%€227,732▲ 3.0%
Working capital-€10,450below the sector's middle half▲ 68.9%€27,079within the sector's middle half€47,652within the sector's middle half▲ 76.0%€54,501within the sector's middle half▲ 14.4%€29,637within the sector's middle half▼ 45.6%
Solvency-16.7%below the sector's middle half▲ 5.9pp4.5%below the sector's middle half▲ 21.2pp12.7%within the sector's middle half▲ 8.2pp15.4%within the sector's middle half▲ 2.8pp13.7%within the sector's middle half▼ 1.7pp
Current ratio0.91within the sector's middle half▲ 0.061.13within the sector's middle half▲ 0.221.25within the sector's middle half▲ 0.121.27within the sector's middle half▲ 0.031.18within the sector's middle half▼ 0.09
Return on assets (ROA)24.0%above the sector's middle half▲ 30.6pp12.4%above the sector's middle half▼ 11.6pp8.2%within the sector's middle half▼ 4.2pp3.5%within the sector's middle half▼ 4.7pp-1.6%within the sector's middle half▼ 5.1pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263,810
Fixed assets
€68,539 ▲ 889%
Current assets
€195,270 ▼ 23.3%
Equity and liabilities €263,810
Equity
€36,078 ▼ 10.5%
Debt
€227,732 ▲ 3.0%
Debt's share of the balance-sheet total rises from 84.6% to 86.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,829▼
2024 · €17,904
Cash flow
-€1,336▼
2024 · €11,384
Quick ratio
0.01▼
2024 · 0.03
Debt to equity
6.31▲
2024 · 5.49
ROE
-11.7%▼
2024 · 22.9%
Interest coverage
0.77▼
2024 · 7.73
Debt ≤ 1 year
€165,634▼
2024 · €199,964
Debt > 1 year
€40,963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,448 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,219 | €7,319 | €885 | €2,171 | €2,882 | ▲ 32.7% |
| Other operating charges640/8 | €2,629 | €4,788 | €6,750 | €6,505 | €2,629 | ▼ 59.6% |
| Non-recurring operating charges66A | €3,415 | - | - | - | - | - |
| Gross operating margin9900 | €44,854 | €54,928 | €34,655 | €24,409 | €7,458 | ▼ 69.4% |
| Operating profit (loss)9901 | €30,591 | €42,821 | €27,020 | €15,733 | €1,947 | ▼ 87.6% |
| Financial income75/76B | - | €59 | €1 | €530 | €100 | ▼ 81.1% |
| Recurring financial income75 | - | €59 | €1 | €530 | €100 | ▼ 81.1% |
| Financial charges65/66B | €2,633 | €4,552 | €2,010 | €2,316 | €6,265 | ▲ 170% |
| Recurring financial charges65 | €2,633 | €4,552 | €2,010 | €2,316 | €6,265 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €27,958 | €38,328 | €25,011 | €13,946 | -€4,218 | ▼ 130% |
| Income taxes67/77 | €202 | €8,119 | €4,821 | €4,733 | - | - |
| Profit (loss) for the period9904 | €27,756 | €30,209 | €20,190 | €9,213 | -€4,218 | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | €27,756 | €30,209 | €20,190 | €9,213 | -€4,218 | ▼ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,517 | €243,077 | €245,437 | €261,395 | €263,810 | ▲ 0.9% |
| Fixed assets21/28 | €12,269 | €4,950 | €4,567 | €6,930 | €68,539 | ▲ 889% |
| Tangible fixed assets22/27 | €12,269 | €4,950 | €4,567 | €6,930 | €68,539 | ▲ 889% |
| Plant, machinery and equipment23 | €5,775 | €4,950 | €4,125 | €5,532 | €6,169 | ▲ 11.5% |
| Furniture and vehicles24 | €6,494 | - | €442 | €1,398 | €62,371 | ▲ 4,361% |
| Current assets29/58 | €103,248 | €238,127 | €240,871 | €254,465 | €195,270 | ▼ 23.3% |
| Stocks and contracts in progress3 | €101,051 | €238,102 | €232,872 | €248,074 | €193,390 | ▼ 22.0% |
| Stocks30/36 | €101,051 | €238,102 | €232,872 | €248,074 | €193,390 | ▼ 22.0% |
| Amounts receivable within one year40/41 | - | - | €5,310 | €1,236 | - | - |
| Trade receivables40 | - | - | €5,310 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,236 | - | - |
| Cash at bank and in hand54/58 | €2,197 | €25 | €2,689 | €5,155 | €1,880 | ▼ 63.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,517 | €243,077 | €245,437 | €261,395 | €263,810 | ▲ 0.9% |
| Equity10/15 | -€19,315 | €10,894 | €31,084 | €40,296 | €36,078 | ▼ 10.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €512 | €512 | €512 | €512 | €512 | = |
| Non-distributable reserves130/1 | €512 | €512 | €512 | €512 | €512 | = |
| Reserves not available under the articles1311 | €512 | €512 | €512 | €512 | €512 | = |
| Profit (loss) carried forward14 | -€38,419 | -€8,210 | €11,980 | €21,192 | €16,974 | ▼ 19.9% |
| Amounts payable17/49 | €134,832 | €232,183 | €214,353 | €221,099 | €227,732 | ▲ 3.0% |
| Amounts payable after more than one year17 | - | - | - | - | €40,963 | - |
| Financial debts170/4 | - | - | - | - | €40,963 | - |
| Amounts payable within one year42/48 | €113,697 | €211,048 | €193,219 | €199,964 | €165,634 | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | €8,280 | - | - | - | €10,686 | - |
| Financial debts43 | €24,000 | €29,882 | €24,000 | €27,753 | €24,000 | ▼ 13.5% |
| Credit institutions430/8 | - | €5,882 | - | €3,753 | - | - |
| Other loans439 | €24,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Trade debts44 | €41,171 | €138,733 | €103,573 | €117,081 | €111,001 | ▼ 5.2% |
| Suppliers440/4 | €41,171 | €138,733 | €103,573 | €117,081 | €111,001 | ▼ 5.2% |
| Taxes, remuneration and social security45 | €10,200 | €16,093 | €33,608 | €23,546 | €10,000 | ▼ 57.5% |
| Taxes450/3 | €10,200 | €16,093 | €33,608 | €23,546 | €10,000 | ▼ 57.5% |
| Other amounts payable47/48 | €30,047 | €26,340 | €32,037 | €31,584 | €9,947 | ▼ 68.5% |
| Accrued charges and deferred income492/3 | €21,135 | €21,135 | €21,135 | €21,135 | €21,135 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,756 | €30,209 | €20,190 | €9,213 | -€4,218 | ▼ 146% |
| + Depreciation and write-downs630 | €8,219 | €7,319 | €885 | €2,171 | €2,882 | ▲ 32.7% |
| Operating cash flow (approximation) | €35,975 | €37,528 | €21,075 | €11,384 | -€1,336 | ▼ 112% |
| Investment in fixed assets (approximation) | - | €0 | -€502 | -€4,535 | -€64,491 | ▼ 1,322% |
| Change in cash | - | -€2,171 | €2,663 | €2,466 | -€3,274 | ▼ 233% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €30,209 ▲8.8%
Operating result €42,821, net result €30,209, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €27,756
Net result €27,756 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet -€14,135
Net result drops to -€14,135, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
Ground area
242 m²
Building footprint
249 m²
Volume, LiDAR
2,247 m³
Parcel 11808H1171/00H006, Flanders · tallest building 17.3 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Bella
since 20062.152.936.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1171/00H006 | Flanders | 242 m² | 1 · 249 m² | 17.3 m · 3 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.
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BE 0821.268.415
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S.K. International J
BE 0719.851.450
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GROUPE JANSSEN
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Of 2,016 companies in sector 47770 we hold annual accounts for 899. 594 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451346740
Also
9925:BE0451346740
Registered
16-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.