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BELLEROSE BELGIUM

Active Public limited companyfounded 1990active for 36 yearsWaterloosesteenweg 1213, 1180 UccleKBO/BCE: BE 0442.058.395 subsidiary of PVH Company SA#3 employer in Uccle, Wholesale and retail trade sector

Lifetime

20 annual accounts with figures on one time axis, 35 filings since 1991
peak €56.7m (2026)
€56.7m▲ 6.0%
lowest -€903,089 (2012)
€2.7m▲ 202%
peak €14.0m (2026)
€14.0m▲ 24.3%
€16.3m▲ 2.7%
peak 129.6 FTE (2025)
127.3 FTE▼ 1.8%
Board9 names since 2014
1 directorBellerose Group
Owners3 names in the annual accounts
  
Documentsfilings and deeds
17-07-202645 days before the deadline
2026financial year
Result from €906,494 to €2.7mReappointment: BST REVISEURS D’ENTREPRISES (statutory auditor) 09-101 director appointed, 4 resignations 31-08Equity from €11.3m to €14.0mCash from €3.4m to €4.9m

Key points

from the 2026 annual accounts

Equity

€14.0m ▲ 24.3%

BELLEROSE BELGIUM has made a profit without a break since 2014.

Result

€2.7m ▲ 202%
€906,0002025€2.7m2026

The result rose in 2026 from €906,494 to €2.7m.

Staff

141 employees on 31-01-2026
4949202255422023545020245546202537432026

In 2026, 37 people joined and 43 left. On top of that, 8.7 agency workers worked there on average.

Filings

35 annual accounts 38 filings since 1991
deadline200020102020

The 2020 accounts came 8 days late. The other nine of the last ten were filed on time.

Board

1 joined · 3 left

Board changed. Latest change 31-08-2026 · 1 in office.

Position in the sector

€2.7m

Higher net result than 86% of companies in wholesale trade. Sector median €105,287 · 434 companies.

Standalone figures, without subsidiaries

Group, consolidated 31-01-2026: turnover €61.1m, result €2.8m

Checked score

96
Excellent
Financially stronger than 70% of medium-sized companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 746 companies (NACE 46, medium-sized).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025highest value 09-2025: 0.1%● unchanged vs 08-2025highest value 10-2025: 0.1%● unchanged vs 09-2025highest value 11-2025: 0.1%● unchanged vs 10-2025highest value 12-2025: 0.1%● unchanged vs 11-2025highest value 01-2026: 0.1%● unchanged vs 12-2025highest value 02-2026: 0.1%● unchanged vs 01-2026highest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

71+5equity 46.0% of total assets
49+5short-term debt 43.2% · cash 16.0%
73+10return on assets 9.0%

Score breakdown

lowers risk
Founded in 1990
Liquidity: current ratio 1.67, cash €4.9m
Size: turnover €56.7m, 127.3 FTE, total assets €30.4m, files consolidated accounts
Equity €14.0m (46.0% of total assets)
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 46, medium-sized). It does better than 57% of them on solvency, 69% on liquidity, 78% on profitability and 75% on growth.

The bankruptcy probability was computed on 07-11-2026 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 31-01-2026.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 1,579 companies had the same profile as BELLEROSE BELGIUM has now. Each dot stands for 4 companies, two years later.

96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of BELLEROSE BELGIUM itself: < 0.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,579 companies, not a prediction for BELLEROSE BELGIUM. 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

Credit of up to €1,300,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.67 (1.58 in 2025), above the usual 1.5. Short-term debt is 43.2% and cash 16% of total assets. However, 54% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 1.67, cash €4.9m
NBB · annual accounts
lowers risk · Size: turnover €56.7m, 127.3 FTE, total assets €30.4m, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €14.0m (46.0% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 17-07-2026, 45 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2026
45 days early
2025
44 days early
2024
40 days early
2023
45 days early
2022
33 days early
2021
42 days early
2020
8 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 18 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-01-2027 year end31-08-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AT
Managing director, VITRE Frédéric
BG
Director, VITRE Frédéric
BR
Auditor, Fanny VAN EETVELDE
  • ALL THE BEST SPRL consolidatesscore 91equity €1.8m (2025) · annual accounts 31-01-2018
  • PVH Company SA consolidatesscore 95equity €5.6m (2025) · annual accounts 31-01-2018

Shares in 1 company, DUOBELLE SARL

Board & ownership

Recent changes

Reappointment: BST REVISEURS D’ENTREPRISES (statutory auditor) General meeting of 10-07-2026 · Gazette deed
1 director appointed, 4 resignations Resignations: PRESSCONSULT, PVH Company, ALL THE BEST and EE85 · Appointment: Bellerose Group · Capital of €2,550,000, 12,574 shares · General meeting of 30-07-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0442058395
New establishment in Sint-Martens-Latem BELLEROSE, Kortrijksesteenweg 65
All 63 events

Comparable companies

same main activity, similar in size and age
Company
BELLEROSE BELGIUM Uccle €56.7m 6.4% 46.0% 127.3
KIABI STOCK CENTRAL BELGIQUE Brussels €65.4m 3.9% 55.9% 194.4
MNG-MANGO BELGIQUE Watermael-Boitsfort €35.0m 1.6% 52.8% 167.5
JBC Houthalen-Helchteren €136.2m -6.5% 8.3% 136.1
VERIAC Kontich €32.0m 14.4% 29.8% 94.8
KADINE Antwerp €67.3m 5.0% 47.6% 60.6
TEXET BENELUX Aarschot €39.3m 13.9% 88.5% 59
-10%0%10%20%€50m€500m€5bnBELLEROSE BELGIUMEBIT margin

Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as BELLEROSE BELGIUM: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €16m and €58m, founded between 1976 and 1999.

Official details

Source: KBO
Status
Active since 18-10-1990Normal situation
Activity
Wholesale of clothing, excluding workwear and underwearNACE 46423and 1 other
Establishment units
2.050.396.1931702 Dilbeek, since 26-11-1990
2.050.396.6888300 Knokke-Heist, since 05-10-1993and 10 others
Financial year end
31 January
Peppol
Reachable since 16-07-2026
Company details

Annual accounts to 31-01-2026

€30.4m▲ 12.0%
Employeeson 31-01-2026
141▼ 4.1%
Filing
Filed on 17-07-2026, 45 days before the end of the filing period
Financials

Insights on BELLEROSE BELGIUM

BELLEROSE BELGIUM has existed since 1990. Turnover grew from €18.6m in 2007 to €56.7m in 2026 and staff from 81.7 to 127.3 full-time equivalents.

In August 2026, three directors stepped down. In November 2021, the Official Gazette published the appointment of ALL THE BEST SRL as managing director.

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 BELLEROSE BELGIUM

What is the company number of BELLEROSE BELGIUM?
The company number of BELLEROSE BELGIUM is 0442.058.395. The VAT number is the same number with BE in front: BE 0442.058.395.
Where is BELLEROSE BELGIUM based?
The registered office is at Waterloosesteenweg 1213, 1180 Uccle.Company details
What does BELLEROSE BELGIUM do?
According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
What is the legal form of BELLEROSE BELGIUM?
BELLEROSE BELGIUM is a public limited company (NV).
When was BELLEROSE BELGIUM founded?
BELLEROSE BELGIUM was founded on 18-10-1990.
Is BELLEROSE BELGIUM still active?
Yes, BELLEROSE BELGIUM is an active enterprise in the KBO register.
How many employees does BELLEROSE BELGIUM have?
BELLEROSE BELGIUM had an average of 127.3 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of BELLEROSE BELGIUM?
The turnover of BELLEROSE BELGIUM was €56.7m in financial year 2026, according to the filed annual accounts.
Is BELLEROSE BELGIUM profitable?
In financial year 2026, BELLEROSE BELGIUM made a profit of €2.7m.
Where can I find the annual accounts of BELLEROSE BELGIUM?
BELLEROSE BELGIUM filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of BELLEROSE BELGIUM due?
BELLEROSE BELGIUM must file the annual accounts for financial year 2027 by 31-08-2027.Timeline

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