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Charline's Closet

Active
Private limited companyfounded 2017active for 9 yearsParkplein 1, 9000 Gent, BelgiumKBO/BCE: BE 0673.923.237

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The annual accounts of Charline's Closet for financial year 2025 show a net loss of 52% of total assets. The 2025 annual accounts show equity of €54,665 and a net result of -€46,186. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 74% of 22,726 sector peers (NACE 47, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Official details

KBO
Status
Active since 05-04-2017 Normal situation
Activity
Retail sale of women's outerwear NACE 47711and 1 other
Establishment unit
2.264.176.968 9000 Gent, since 05-04-2017
Financial year end
31 March
Peppol
Reachable since 03-11-2025

Board and ownership

Board

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Annual accounts to 31-03-2025
Gross margin
-€33,462
▼ 513%
Loss
€46,186
▲ 29.0%
Equity
€54,665
▼ 45.8%
Total assets
€88,635
▼ 43.9%
Turnover not published (micro format)2026 accounts not filed, 1 day past the deadline
Filed on 14-10-2025PDF
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €46,186, the second in a row (financial year 2025)Figures for financial year 2025 (filed on 14-10-2025)lowers riskLiquidity: current ratio 3.22, cash €25,953, halvedEquity €54,665 (61.7% of total assets)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 43% of micro companies in retail trade (NACE 47)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 87-2
equity 61.7% of total assets
Liquidity 74-9
short-term debt 29.4% · cash 29.3%
Profitability 0=
return on assets -52.1%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.5%▼ -0.1 percentage points vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025lowest value 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.6%▲ +0.1 percentage points vs 09-2025 11-2025: 0.7%▲ +0.1 percentage points vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.1 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 1.1%▲ +0.3 percentage points vs 09-2026highest value
Credit of up to €3,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 3.22 (2.26 in 2024), above the usual 1.5. Short-term debt is 29.4% and cash 29.3% of total assets. 38.3% of the assets are financed with debt and provisions.
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 47, micro). It does better than 74% of them on solvency, 80% on liquidity, 6% on profitability and 12% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €46,186, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.22, cash €25,953, halved
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed on 14-10-2025)
NBB · annual accounts
lowers risk · Equity €54,665 (61.7% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€46,186
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2026
not filed
2025
17 days early
2024
22 days late
2023
on the day
2022
42 days early
2021
33 days early
2020
9 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 10 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€46,186 View
  • Caution: Lower net result than 95% of companies in retail tradesector median €5,089 · 22,707 companies -€46,186 View

Comparable companies

These companies have the same main activity as Charline's Closet: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €67,300 and €98,100, founded between 2014 and 2018.

CompanyTotal assetsGross margin
Charline's Closet Gent€88,635-€33,462
AJL Balen€87,921-€5,374
District 18 Antwerpen€94,794-€25,455
KISEMA Puurs-Sint-Amands€97,505-€3,911
MARKT 51 Wemmel€69,397-€7,666
North & South trading Brussel€67,279-€40,680
SHUM TEX Antwerpen€98,062-€4,424
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about Charline's Closet

What is the company number of Charline's Closet?
The company number of Charline's Closet is 0673.923.237. The VAT number is the same number with BE in front: BE 0673.923.237.
Where is Charline's Closet based?
The registered office is at Parkplein 1, 9000 Gent.Company details
What does Charline's Closet do?
According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
What is the legal form of Charline's Closet?
The legal form of Charline's Closet is Private limited company (BV).
When was Charline's Closet founded?
Charline's Closet was founded on 05-04-2017.
Is Charline's Closet still active?
Yes, Charline's Closet is an active enterprise in the KBO register.
How many employees does Charline's Closet have?
Charline's Closet had an average of 0.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Charline's Closet?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
Is Charline's Closet profitable?
In financial year 2025, Charline's Closet made a loss of €46,186.
Where can I find the annual accounts of Charline's Closet?
Charline's Closet filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

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