CDS
Open bankruptcyFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 42 filings
Turnover
≈ €91,000
Estimated: probably between €49,000 and €220,000
Total assets
€76,713▲ 1.7%
2024 · €75,447
Net result
€917▼ 32.6%
2024 · €1,359
Working capital
-€192,897▲ 0.8%
2024 · -€194,358
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€1,153
▼ 33.3%
2025
20182025
Net result
€917
▼ 32.6%
2025
middle half of the sector
20182025
Equity
-€176,343
▲ 0.5%
2025
lowest quarter of the sector
20182025
Total assets
€76,713
▲ 1.7%
2025
middle half of the sector
20182025
Debt
€253,056
▲ 0.1%
2025
20182025
Working capital
-€192,897
▲ 0.8%
2025
lowest quarter of the sector
20182025
Solvency
-229.9%
▲ 5.1pp
2025
lowest quarter of the sector
20182025
Current ratio
0.24
▲ 0.01
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
1.2%
▼ 0.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,771--€2,218-€13,860▼ 525%-€15,058▼ 8.6%-€2,163▲ 85.6%-€4,473▼ 107%€1,729€1,153▼ 33.3%
Net result€6,344--€2,620-€14,090below the sector's middle half▼ 438%-€15,258below the sector's middle half▼ 8.3%-€2,359within the sector's middle half▲ 84.5%-€4,660below the sector's middle half▼ 97.5%€1,359within the sector's middle half€917within the sector's middle half▼ 32.6%
Equity-€139,632--€142,252▼ 1.9%-€156,342below the sector's middle half▼ 9.9%-€171,600below the sector's middle half▼ 9.8%-€173,959below the sector's middle half▼ 1.4%-€178,619below the sector's middle half▼ 2.7%-€177,259below the sector's middle half▲ 0.8%-€176,343below the sector's middle half▲ 0.5%
Total assets€97,583-€101,390▲ 3.9%€90,722within the sector's middle half▼ 10.5%€89,600within the sector's middle half▼ 1.2%€82,700within the sector's middle half▼ 7.7%€82,528within the sector's middle half▼ 0.2%€75,447within the sector's middle half▼ 8.6%€76,713within the sector's middle half▲ 1.7%
Debt€237,215-€243,642▲ 2.7%€247,064▲ 1.4%€261,200▲ 5.7%€256,659▼ 1.7%€261,147▲ 1.7%€252,706▼ 3.2%€253,056▲ 0.1%
Working capital-€163,198--€165,818▼ 1.6%-€179,908below the sector's middle half▼ 8.5%-€195,166below the sector's middle half▼ 8.5%-€197,525below the sector's middle half▼ 1.2%-€197,844below the sector's middle half▼ 0.2%-€194,358below the sector's middle half▲ 1.8%-€192,897below the sector's middle half▲ 0.8%
Solvency-143.1%--140.3%▲ 2.8pp-172.3%below the sector's middle half▼ 32.0pp-191.5%below the sector's middle half▼ 19.2pp-210.3%below the sector's middle half▼ 18.8pp-216.4%below the sector's middle half▼ 6.1pp-234.9%below the sector's middle half▼ 18.5pp-229.9%below the sector's middle half▲ 5.1pp
Current ratio0.31-0.32▲ 0.010.27below the sector's middle half▼ 0.050.25below the sector's middle half▼ 0.020.23below the sector's middle half▼ 0.020.24below the sector's middle half▲ 0.010.23below the sector's middle half▼ 0.010.24below the sector's middle half▲ 0.01
Return on assets (ROA)6.5%--2.6%▼ 9.1pp-15.5%below the sector's middle half▼ 12.9pp-17.0%below the sector's middle half▼ 1.5pp-2.9%within the sector's middle half▲ 14.2pp-5.6%below the sector's middle half▼ 2.8pp1.8%within the sector's middle half▲ 7.4pp1.2%within the sector's middle half▼ 0.6pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 33% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,713
Fixed assets
€16,554 ▼ 3.2%
Current assets
€60,159 ▲ 3.1%
Equity and liabilities
Equity-€176,343
Debt€253,056
Equity is negative. Debt (€253,056) exceeds the balance-sheet total (€76,713).
Key figures and ratios
EBITDA
€4,574▼
2024 · €4,740
Cash flow
€4,337▼
2024 · €4,370
Quick ratio
0.03▲
2024 · 0.02
Interest coverage
19.32▲
2024 · 12.81
Debt ≤ 1 year
€253,056▲
2024 · €252,706
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €2,877 |
| Depreciation and write-downs of the year | - | - | €3,457 | €3,011 | €3,421 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,189 | - | - | - | - | €3,457 | €3,011 | €3,421 | ▲ 13.6% |
| Other operating charges640/8 | - | - | - | €6,046 | €3,748 | €2,854 | €3,585 | €4,213 | ▲ 17.5% |
| Gross operating margin9900 | €14,014 | €7,897 | -€10,026 | -€9,012 | €1,585 | €1,837 | €8,325 | €8,787 | ▲ 5.5% |
| Operating profit (loss)9901 | €6,771 | -€2,218 | -€13,860 | -€15,058 | -€2,163 | -€4,473 | €1,729 | €1,153 | ▼ 33.3% |
| Financial income75/76B | - | - | - | €3 | €6 | €3 | €0 | - | - |
| Recurring financial income75 | €0 | €91 | €1 | €3 | €6 | €3 | €0 | - | - |
| Financial charges65/66B | - | - | - | €203 | €202 | €190 | €370 | €237 | ▼ 36.0% |
| Recurring financial charges65 | €388 | €220 | €232 | €203 | €202 | €190 | €370 | €237 | ▼ 36.0% |
| Profit (loss) for the period before taxes9903 | €6,384 | -€2,347 | -€14,090 | -€15,258 | -€2,359 | -€4,660 | €1,359 | €917 | ▼ 32.6% |
| Income taxes67/77 | €39 | €272 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €6,344 | -€2,620 | -€14,090 | -€15,258 | -€2,359 | -€4,660 | €1,359 | €917 | ▼ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €6,344 | -€2,620 | -€14,090 | -€15,258 | -€2,359 | -€4,660 | €1,359 | €917 | ▼ 32.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €97,583 | €101,390 | €90,722 | €89,600 | €82,700 | €82,528 | €75,447 | €76,713 | ▲ 1.7% |
| Fixed assets21/28 | €23,566 | €23,566 | €23,566 | €23,566 | €23,566 | €20,109 | €17,099 | €16,554 | ▼ 3.2% |
| Tangible fixed assets22/27 | €23,566 | €23,566 | €23,566 | €23,566 | €23,566 | €20,109 | €17,099 | €16,554 | ▼ 3.2% |
| Land and buildings22 | - | - | - | €3,235 | €3,235 | €2,021 | €1,011 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €6,243 | €6,243 | €4,000 | €2,000 | €1,640 | ▼ 18.0% |
| Other tangible fixed assets26 | - | - | - | €14,088 | €14,088 | €14,088 | €14,088 | €14,914 | ▲ 5.9% |
| Current assets29/58 | €74,017 | €77,824 | €67,155 | €66,034 | €59,134 | €62,419 | €58,348 | €60,159 | ▲ 3.1% |
| Stocks and contracts in progress3 | €53,801 | €53,853 | €53,771 | €53,771 | €53,814 | €53,787 | €53,751 | €53,773 | = |
| Stocks30/36 | - | - | - | €53,771 | €53,814 | €53,787 | €53,751 | €53,773 | = |
| Amounts receivable within one year40/41 | €14,653 | €14,644 | €5,122 | €4,607 | €4,440 | €7,688 | €3,759 | €5,409 | ▲ 43.9% |
| Trade receivables40 | - | - | - | €3,948 | €3,948 | €7,094 | €3,283 | €4,649 | ▲ 41.6% |
| Other amounts receivable41 | - | - | - | €659 | €491 | €594 | €476 | €760 | ▲ 59.6% |
| Cash at bank and in hand54/58 | €5,563 | €6,977 | €2,764 | €1,847 | €881 | €943 | €838 | €977 | ▲ 16.5% |
| Deferred charges and accrued income490/1 | - | - | - | €5,810 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €97,583 | €101,390 | €90,722 | €89,600 | €82,700 | €82,528 | €75,447 | €76,713 | ▲ 1.7% |
| Equity10/15 | -€139,632 | -€142,252 | -€156,342 | -€171,600 | -€173,959 | -€178,619 | -€177,259 | -€176,343 | ▲ 0.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | - | - | €620 | €620 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €620 | €620 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | -€146,452 | -€149,072 | -€163,162 | -€178,419 | -€180,779 | -€185,438 | -€184,079 | -€183,163 | ▲ 0.5% |
| Amounts payable17/49 | €237,215 | €243,642 | €247,064 | €261,200 | €256,659 | €261,147 | €252,706 | €253,056 | ▲ 0.1% |
| Amounts payable within one year42/48 | €237,215 | €243,642 | €247,064 | €261,200 | €256,659 | €260,263 | €252,706 | €253,056 | ▲ 0.1% |
| Trade debts44 | €1,081 | €4,282 | €12,133 | €7,090 | €1,648 | €4,630 | €7,645 | €17,162 | ▲ 124% |
| Suppliers440/4 | - | - | - | €7,090 | €1,648 | €4,630 | €7,645 | €17,162 | ▲ 124% |
| Taxes, remuneration and social security45 | - | - | - | €1,549 | €5,607 | €234 | €506 | €527 | ▲ 4.1% |
| Taxes450/3 | - | - | - | €1,549 | €607 | €234 | €506 | €527 | ▲ 4.1% |
| Remuneration and social security454/9 | - | - | - | - | €5,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €252,561 | €249,405 | €255,399 | €244,555 | €235,367 | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €884 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,344 | -€2,620 | -€14,090 | -€15,258 | -€2,359 | -€4,660 | €1,359 | €917 | ▼ 32.6% |
| + Depreciation and write-downs630 | €4,189 | - | - | - | - | €3,457 | €3,011 | €3,421 | ▲ 13.6% |
| Operating cash flow (approximation) | €10,533 | -€2,620 | -€14,090 | -€15,258 | -€2,359 | -€1,203 | €4,370 | €4,337 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€2,877 | - |
| Change in cash | - | €1,414 | -€4,213 | -€918 | -€966 | €63 | -€105 | €138 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00255061 | |
| 31-12-2024 | micro format | 15-12-2025 | 2025-00581449 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00303004 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00277810 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20105440 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-45200336 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-36500272 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54800465 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41000195 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-30400177 |