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CHERUBIN

Active
Private limited company (pre-2019)founded 198936 yrs activeDoorniksestraat(Kor) 36, 8500 Kortrijk, BelgiumKBO/BCE: BE 0439.847.389
Summary

CHERUBIN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,355 and a net result of €56,561. Equity is shrinking by ~24.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 94% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
CHERUBINActiveChecked score 70/100
Risk analysis ReportCompare

Overview

Activity
Retail trade
NACE 47713NACE 52424
1 site
Size
€153,258total assets 2025
Equity
€137,355
Profit
€56,561
Turnover not published (abridged schema)
Financial health
70 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Accounts filed 31 d late0 of 3 deeds read
Why 70- Latest accounts 31 days late; 2 of the last 3 late- Size: total assets €153,258- Liquidity: current ratio 9.64, cash €171+ Founded in 1989Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 82% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+5
equity 89.6% of total assets
Liquidity 50+12
short-term debt 10.4% · cash 0.1%
Profitability 100+86
return on assets 36.9%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (39,974 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%▼ -0.8% vs 12-2024 02-2025: 0.5%● 0.0% vs 01-2025 03-2025: 0.5%▼ -0.6% vs 02-2025 04-2025: 0.5%▲ +1.0% vs 03-2025 05-2025: 0.5%▲ +0.6% vs 04-2025 06-2025: 0.5%▼ -3.1% vs 05-2025lowest value 07-2025: 0.7%▲ +43.1% vs 06-2025 08-2025: 1.0%▲ +38.0% vs 07-2025 09-2025: 1.1%▲ +16.1% vs 08-2025 10-2025: 1.6%▲ +38.6% vs 09-2025 11-2025: 2.3%▲ +43.4% vs 10-2025 12-2025: 2.3%● 0.0% vs 11-2025 01-2026: 2.3%▲ +0.8% vs 12-2025 02-2026: 2.2%▼ -1.8% vs 01-2026 03-2026: 2.2%● 0.0% vs 02-2026 04-2026: 2.2%▼ -0.4% vs 03-2026 05-2026: 2.1%▼ -4.7% vs 04-2026 06-2026: 2.1%▼ -2.6% vs 05-2026 07-2026: 2.1%▼ -0.7% vs 06-2026 08-2026: 2.8%▲ +34.7% vs 07-2026highest value 09-2026: 0.8%▼ -69.6% vs 08-2026 10-2026: 0.8%● 0.0% vs 09-2026
  • Founded in 1989 lowers the probability for this profile
  • Latest accounts 31 days late; 2 of the last 3 late raises the probability
  • Size: total assets €153,258 raises the probability for this profile
  • Liquidity: current ratio 9.64, cash €171 raises the probability
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 9.64 against 3.37 in 2024; short-term debt: 10.4% and cash: 0.1% of total assets), and 10.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 92%, liquidity 50%, profitability 96%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 31 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Size: total assets €153,258
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 9.64, cash €171
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €137,355
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
60 d late
2023
30 d late
2022
31 d late
2021
44 d early
2020
17 d early
2019
13 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €56,561
  3. Liquidity triplescurrent ratio 9.64

Key points

  • Positive: Back in profit in 2025after -€10,711 in 2024 €56,561 View
  • Positive: Among the best 7% on solvencysector median 34.1% · 21,069 companies 89.6% View
  • Active since 1989founded 29-12-1989 36 years View

By topic

Financials

Fiscal year
2025
Total assets
€153,258
Profit
€56,561
Solvency
89.6%
Total assets▲ 33.5%
Net result
20182025
Go to Financials

Timeline

Events
17
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 31-12-2025Liquidity triples
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Retail tradeNACE 47713
Founded
29-12-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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