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BURG 64

Active
Private limited companyfounded 200719 years activeBurgemeester Danneelstraat(Kor) 64, 8500 Kortrijk, BelgiumKBO/BCE: BE 0889.615.506
Summary

The computed 12-month bankruptcy probability of BURG 64 is 2.0% (moderate). The 2024 annual accounts show negative equity (-€111,006) and a net result of €1,041. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 15,865 sector peers (NACE 46, fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
NACE 46160Retail sale of women's outerwear NACE 47711
2 sites
Size
€22,481total assets 2024
Staff
1 FTE
Equity
-€111,006
Profit
€1,041
Turnover not published (abridged schema)
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Accounts 69 days overdue0 of 5 deeds read
Why 52- Figures for FY 2024 (filed 20-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 71 days late; 1 of the last 3 late+ Founded in 2007+ Size: total assets €22,481Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 23% of its sector peers (NACE 46, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -493.8% of total assets
Liquidity 13-3
short-term debt 519.3% · cash 10.6%
Profitability 37+37
return on assets 4.6%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,860 companies)
Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.1%▲ +0.1 percentage points vs 01-2025 03-2025: 2.0%▼ -0.1 percentage points vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.0%● unchanged vs 04-2025 06-2025: 2.0%● unchanged vs 05-2025 07-2025: 2.2%▲ +0.2 percentage points vs 06-2025 08-2025: 2.9%▲ +0.7 percentage points vs 07-2025 09-2025: 3.0%▲ +0.1 percentage points vs 08-2025 10-2025: 3.2%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 0.9%▼ -2.3 percentage points vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.8%▼ -0.1 percentage points vs 12-2025lowest value 02-2026: 0.8%● unchanged vs 01-2026lowest value 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.5 percentage points vs 07-2026 09-2026: 1.6%▲ +0.2 percentage points vs 08-2026 10-2026: 2.0%▲ +0.4 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.18 against 0.24 in 2023; short-term debt: 519.3% and cash: 10.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, micro): better than 6% on solvency, 14% on liquidity, 30% on profitability and 44% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2007
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Figures for FY 2024 (filed 20-10-2025)
NBB · annual accounts
lowers risk · Size: total assets €22,481
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 71 days late; 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 15865 sector peers (2024).
NBB · sector comparison
Position among 15865 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
71 days late
2023
9 days late
2022
29 days late
2021
11 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €1,041
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€111,006 View
  • Caution: Among the weakest 5% on solvencysector median 39.4% · 15,865 companies -493.8% View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View

By topic

Financials

Fiscal year
2024
Total assets
€22,481
Profit
€1,041
Solvency
-493.8%
Total assets▼ 25.1%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2022
  1. 29-08-2023Annual accounts filed
  2. 31-12-2022Back to profit
  3. 11-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Agents in the wholesale of textiles, clothing, fur…NACE 46160
Founded
24-05-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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