Public limited company · founded 2014 · 12 yrs activeBrusselsesteenweg 185, 1785 Merchtem, BelgiumKBO/BCE: BE 0550.532.804
Summary
BELLACOOLA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €634,224. Equity is shrinking by ~29.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 65% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability99▲+95
Solvency84▲+61
Growth56▲+30
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
1.3%Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.74 against 0.6 in 2023; short-term debt: 40.3% and cash: 4.3% of total assets), and 40.9% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 10 April 2014, BELLACOOLA was incorporated.1Revenue went from EUR 7.7 million in 2019 to EUR 6.7 million in 2021 and headcount from 20.7 full-time equivalents in 2019 to 32.4 in 2025.2
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Net result-€841,561below the sector's middle half-€93,618below the sector's middle half▲ 88.9%-€20,896below the sector's middle half▲ 77.7%-€308,216below the sector's middle half▼ 1,375%€634,224above the sector's middle half-
EBIT margin-12.1%▼ 17.0pp-1.3%▲ 10.8pp
Equity€362,476within the sector's middle half▼ 69.9%€268,858within the sector's middle half▼ 25.8%€247,962within the sector's middle half▼ 7.8%-€60,254below the sector's middle half€1.6mabove the sector's middle half-
Total assets€8.0mwithin the sector's middle half▼ 15.9%€5.5mwithin the sector's middle half▼ 31.7%€1.6mwithin the sector's middle half▼ 71.7%€2.5mwithin the sector's middle half▲ 64.2%€2.7mabove the sector's middle half-
Working capital-€228,826below the sector's middle half-€154,636below the sector's middle half▲ 32.4%-€105,386below the sector's middle half▲ 31.8%-€1.0mbelow the sector's middle half▼ 886%€793,135above the sector's middle half-
Solvency4.5%below the sector's middle half▼ 8.1pp4.9%below the sector's middle half▲ 0.4pp16.0%below the sector's middle half▲ 11.1pp-2.4%below the sector's middle half▼ 18.3pp59.1%within the sector's middle half-
Current ratio0.97below the sector's middle half▼ 0.080.97below the sector's middle half=0.92below the sector's middle half▼ 0.050.60below the sector's middle half▼ 0.321.74within the sector's middle half-
Return on assets (ROA)-10.5%below the sector's middle half▼ 13.0pp-1.7%below the sector's middle half▲ 8.8pp-1.3%below the sector's middle half▲ 0.4pp-12.1%below the sector's middle half▼ 10.8pp23.8%above the sector's middle half-
Staff (FTE)25.1within the sector's middle half▲ 21.3%22.2within the sector's middle half▼ 11.6%21above the sector's middle half▼ 5.4%24.2above the sector's middle half▲ 15.2%32.4above the sector's middle half-
abovewithinbelowthe middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €659,740 in 2025, compared with -€292,136 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €2.7m
29.9%
70.1%
Fixed assets€797,825 ▼ 20.8%
Current assets€1.9m ▲ 21.1%
Equity and liabilities €2.7m
59.1%
40.9%
Equity€1.6m
Debt€1.1m
Debt finances 40.9% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2023
EBITDA
€1.0m▲
2023 · -€109,117
Cash flow
€983,474▲
2023 · -€125,197
Quick ratio
0.11▲
2023 · 0.02
Debt to equity
0.69▲
2023 · -43.28
ROE
40.3%
Interest coverage
49.69▲
2023 · -6.67
Debt ≤ 1 year
€1.1m▼
2023 · €2.6m
Income taxes
€5,227▲
2023 · €1,000
Staff costs
€2.1m▲
2023 · €942,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
Small
10 to 20 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
0.2%went bankrupt
3.1%stopped otherwise
97%still going
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
The companies in ten equal groups, from lowest to highest expected share.
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 17,810 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
Filed annual accountsAs filed with the NBB · 2025 against 2023 · 54 lines
Balance sheetCode20232025
Assets
Total assets20/58€2.5m€2.7m▲
Fixed assets21/28€1.0m€797,825▼
Tangible fixed assets22/27€1.0m€797,717▼
Plant, machinery and equipment23€97,049€66,217▼
Furniture and vehicles24€40,304€20,491▼
Other tangible fixed assets26€869,542€711,009▼
Financial fixed assets28€108€108=
Current assets29/58€1.5m€1.9m▲
Amounts receivable after more than one year29€1,782-
Other amounts receivable291€1,782-
Stocks and contracts in progress3€1.5m€1.7m▲
Stocks30/36€1.5m€1.7m▲
Amounts receivable within one year40/41-€4,707
Trade receivables40-€4,707
Cash at bank and in hand54/58€39,437€113,951▲
Deferred charges and accrued income490/1€2,339€3,892▲
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.7m▲
Equity10/15-€60,254€1.6m▲
Contributions10/11€61,500€1.1m▲
Capital10€61,500€1.1m▲
Issued capital100€61,500€1.1m▲
Reserves13€6,150€31,466▲
Non-distributable reserves130/1€6,150€31,466▲
Legal reserve130€6,150€31,466▲
Profit (loss) carried forward14-€127,904€481,004▲
Amounts payable17/49€2.6m€1.1m▼
Amounts payable within one year42/48€2.6m€1.1m▼
Trade debts44€1.8m€116,894▼
Suppliers440/4€1.8m€116,894▼
Taxes, remuneration and social security45€404,379€712,685▲
Taxes450/3€205,966€480,439▲
Remuneration and social security454/9€198,413€232,246▲
Other amounts payable47/48€386,210€243,842▼
Accrued charges and deferred income492/3€28,093€16,990▼
Income statementCode20232025
Non-recurring operating income76A-€68,778
Remuneration, social security and pensions62€942,860€2.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183,019€349,250▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€42,857-
Other operating charges640/8€53,153€60,566▲
Gross operating margin9900€844,039€3.2m▲
Operating profit (loss)9901-€292,136€659,740▲
Financial income75/76B€1,286€18▼
Recurring financial income75€1,286€18▼
Financial charges65/66B€16,366€20,307▲
Recurring financial charges65€16,366€20,307▲
Profit (loss) for the period before taxes9903-€307,216€639,451▲
Income taxes67/77€1,000€5,227▲
Profit (loss) for the period9904-€308,216€634,224▲
Profit (loss) for the period to be appropriated9905-€308,216€634,224▲
Appropriation of the result
Profit (loss) to be appropriated9906-€127,904€506,320▲
Profit (loss) brought forward from the previous period14P€180,312-€127,904▼
Transfer to equity691/2-€25,316
To the legal reserve6920-€25,316
Social balance
Average headcount (FTE)908724.232.4▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2020
2021
2022
2023
2025
Change
Turnover70
€6.9m
€6.7m
-
-
-
-
Non-recurring operating income76A
-
-
€14,450
-
€68,778
-
Remuneration, social security and pensions62
-
-
€844,310
€942,860
€2.1m
-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€182,133
€161,590
€143,015
€183,019
€349,250
-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
€14,567
-€42,857
-
-
Other operating charges640/8
-
-
€19,525
€53,153
€60,566
-
Gross operating margin9900
-
-
€1.0m
€844,039
€3.2m
-
Operating profit (loss)9901
-€831,997
-€88,155
-€15,697
-€292,136
€659,740
-
Financial income75/76B
-
-
€5
€1,286
€18
-
Recurring financial income75
-
€4,762
€5
€1,286
€18
-
Financial charges65/66B
-
-
€5,204
€16,366
€20,307
-
Recurring financial charges65
€27,388
€8,080
€5,204
€16,366
€20,307
-
Debt charges650
€3,686
€4,592
-
-
-
-
Profit (loss) for the period before taxes9903
-€859,385
-€91,473
-€20,896
-€307,216
€639,451
-
Income taxes67/77
-€17,824
€2,145
-
€1,000
€5,227
-
Profit (loss) for the period9904
-€841,561
-€93,618
-€20,896
-€308,216
€634,224
-
Profit (loss) for the period to be appropriated9905
-€841,561
-€93,618
-€20,896
-€308,216
€634,224
-
Line
2020
2021
2022
2023
2025
Change
Assets
Total assets20/58
€8.0m
€5.5m
€1.6m
€2.5m
€2.7m
-
Fixed assets21/28
€625,758
€470,838
€380,394
€1.0m
€797,825
-
Intangible fixed assets21
€53
-
-
-
-
-
Tangible fixed assets22/27
€625,597
€470,730
€380,286
€1.0m
€797,717
-
Plant, machinery and equipment23
-
-
€43,560
€97,049
€66,217
-
Furniture and vehicles24
-
-
€34,635
€40,304
€20,491
-
Other tangible fixed assets26
-
-
€302,091
€869,542
€711,009
-
Financial fixed assets28
€108
€108
€108
€108
€108
-
Current assets29/58
€7.4m
€5.0m
€1.2m
€1.5m
€1.9m
-
Amounts receivable after more than one year29
-
-
€1,869
€1,782
-
-
Other amounts receivable291
-
-
€1,869
€1,782
-
-
Stocks and contracts in progress3
€920,750
€1.0m
€1.0m
€1.5m
€1.7m
-
Stocks30/36
-
-
€1.0m
€1.5m
€1.7m
-
Amounts receivable within one year40/41
€6.4m
€3.9m
-
-
€4,707
-
Trade receivables40
-
-
-
-
€4,707
-
Cash at bank and in hand54/58
€35,030
€102,930
€146,040
€39,437
€113,951
-
Deferred charges and accrued income490/1
-
-
€2,340
€2,339
€3,892
-
Equity and liabilities
Total equity and liabilities10/49
€8.0m
€5.5m
€1.6m
€2.5m
€2.7m
-
Equity10/15
€362,476
€268,858
€247,962
-€60,254
€1.6m
-
Contributions10/11
€61,500
€61,500
€61,500
€61,500
€1.1m
-
Capital10
-
-
€61,500
€61,500
€1.1m
-
Issued capital100
-
-
€61,500
€61,500
€1.1m
-
Reserves13
€6,150
€6,150
€6,150
€6,150
€31,466
-
Non-distributable reserves130/1
-
-
€6,150
€6,150
€31,466
-
Legal reserve130
-
-
€6,150
€6,150
€31,466
-
Profit (loss) carried forward14
€294,826
€201,208
€180,312
-€127,904
€481,004
-
Amounts payable17/49
€7.7m
€5.2m
€1.3m
€2.6m
€1.1m
-
Amounts payable within one year42/48
€7.6m
€5.2m
€1.3m
€2.6m
€1.1m
-
Trade debts44
€4.3m
€175,671
€285,258
€1.8m
€116,894
-
Suppliers440/4
-
-
€285,258
€1.8m
€116,894
-
Taxes, remuneration and social security45
-
-
€378,200
€404,379
€712,685
-
Taxes450/3
-
-
€182,683
€205,966
€480,439
-
Remuneration and social security454/9
-
-
€195,517
€198,413
€232,246
-
Other amounts payable47/48
-
-
€612,805
€386,210
€243,842
-
Accrued charges and deferred income492/3
-
-
€27,046
€28,093
€16,990
-
Line
2020
2021
2022
2023
2025
Change
Profit (loss) for the period9904
-€841,561
-€93,618
-€20,896
-€308,216
€634,224
-
+ Depreciation and write-downs630
€182,133
€161,590
€143,015
€183,019
€349,250
-
Operating cash flow (approximation)
-€659,428
€67,972
€122,119
-€125,197
€983,474
-
Investment in fixed assets (approximation)
-
-€6,670
-€52,571
-€809,628
-
-
Change in cash
-
€67,900
€43,110
-€106,603
-
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2027, expected by
31-08-2027
2026
21-09
State Gazette actReappointments: Jo Willemyns, Kris Castelein and Stefaan Vandamme
Appointments: Stefan Goethaert BV, Peter Vanbellingen and Michaël Hamelryck · Permanent representative: Stefan Goethaert · Resignation: Stefaan Vandamme (director)21 facts ▸
General meeting, 09-06-2026
Director reappointment, Jo Willemyns (director)
Director reappointment, Kris Castelein (director)
Director reappointment, Stefaan Vandamme (director)
Director in office, Stefan Goethaert (director)
Director appointment, Stefan Goethaert BV (director)
Permanent representative, Stefan Goethaert (permanent representative)
Director appointment, Peter Vanbellingen (director)
Other statement, 00u00, einde aan delegatie dagelijks bestuur
Other statement, 00u00, delegatie dagelijks bestuur
Power of attorney, Karine Wauters
Power of attorney, Lowie Dekrem
+9 further facts in this act
17-06
NBB filingAnnual accounts filed
fiscal year 2026 · full schema
2025
09-07
NBB filingAnnual accounts filed
fiscal year 2025 · abbreviated schema
31-01
FinancialBack to profitnet €634,224
Net result €634,224 after 4 loss-making years.
31-01
FinancialLiquidity triplescurrent ratio 1.74
Current ratio from 0.60 to 1.74; short-term debt falls from €2.6m to €1.1m.
31-01
FinancialEquity above €1mEq €1.6m
Equity rises from -€60,254 to €1.6m.
2024
11-04
NBB filingAnnual accounts filed
fiscal year 2023 · abbreviated schema · 42 days late
2023
30-05
NBB filingAnnual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
07-02
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
06-01
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
31-07
FinancialWeakest financial yearnet -€841,561
Net result drops to -€841,561, the lowest in the series; recovery starts the following year.
05-02
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
06-03
NBB filingAnnual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
28-02
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
27-02
NBB filingAnnual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2026
This board is reconstructed from a single act (26117905). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Permanent representative · since 09-06-2026 · for Stefan Goethaert BV
Current
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
8 of this company's 9 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
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Lindenstraat 2, 3140 KeerbergenRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20112.203.031.534
ZEB Boortmeerbeek
Leuvensesteenweg 385, 3190 BoortmeerbeekRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20112.203.031.138
ZEB Tienen
Leuvenselaan 474, 3300 TienenRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20112.203.033.316
ZEB Gouden Kruispunt
Gouden Kruispunt ZN, 3390 Tielt-WingeRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20132.217.179.082
ZEB Beringen
be-MINE 11, 3582 BeringenRetail sale of women's outerwear
since 20152.244.661.261
ZEB Diest
Leuvensesteenweg(WEB) 70, 3290 DiestRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20192.289.498.522
Show 1 more locations
ZEB Zemst
Brusselsesteenweg 574, 2800 MechelenRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20232.337.887.169
8 parcels
Flanders8(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
71522C0005/00C023
ProtectedMonumentSteenkoolmijn van Beringen: indikkers, kolenwasserij en -zeverijSource ↗
Flanders
3.8 ha
1 · 811 m²
2.9 m
23602I0093/00H003
Flanders
4,312 m²
1 · 1,588 m²
12.8 m · 3 fl.
24014C0109/00Z000
Flanders
3,407 m²
1 · 1,403 m²
7.1 m · 1 fl.
24592F0002/00H002
Flanders
3,394 m²
1 · 788 m²
10.3 m · 3 fl.
24101D0128/00W004indicative
Flanders
3,149 m²
1 · 871 m²
5.5 m · 1 fl.
12403E0643/00X000
Flanders
2,235 m²
1 · 1,010 m²
5.2 m · 1 fl.
24120E0121/00C002
Flanders
991 m²
1 · 1,077 m²
19.0 m
24048B0342/00H000
Flanders
10 m²
-
-
Linked by address, not proof of ownership
Good to know
7 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-07-2022 list no holdings, and no other source names one.
According to the annual accounts to 31-07-2022 of BELLACOOLA and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
57 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 1,307 companies in sector 46423 we hold annual accounts for 810. 380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded10-04-2014
Fiscal year end31-01
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID0208:0550532804
Registered04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.