Checked.be
Active
BE 0597.590.175Private limited company
COLAB48distribution
Lindenstraat 48 ·2070 Beveren-Kruibeke-Zwijndrecht, Belgium· 11 yrs active
Sector: Wholesale of clothing, excluding workwear and underwear
(46423)
Conclusion
COLAB48distribution has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €7k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 875 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €47k |
| Net result | €7k |
| Staff (FTE) | 0.8 |
| Better than sector | 34% |
Financial profile
69
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
63
Profitability
77
Solvency
28
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
63
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
65
2022
68
2023
68
2024
63
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.32 (≥ 1.0)
+5
Leverage
Debt/equity 6.02 (> 3.0)
-10
Profitability
ROE 15% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.2% | 35.1% | |
| Net result | €7k | €10k | |
| Equity | €47k | €40k | |
| Gross operating margin | €53k | €32k | |
| Staff costs | €41k | €33k |
€7k
+34.9%
22-25
€327k
+95.8%
22-25
€47k
+18.1%
22-25
€80k
+102.0%
22-25
1
-20.0%
22-25
€41k
+513.0%
22-25
€3k
+34.5%
22-25
€280k
+119.8%
22-25
€247k
+93.9%
22-25
€30k
-
22-25
1.32
+1.0%
22-25
0.98
-7.6%
22-25
14.2%
-39.7%
22-25
6.02
+86.1%
22-25
15.3%
+14.2%
22-25
2.2%
-31.1%
22-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | +34.9% | +24.0% | +20.8% | - |
| Cash flow | - | - | - | - |
| Staff costs | +513.0% | - | - | - |
| Income taxes | +34.5% | +17.9% | +42.6% | - |
| Dividends | - | - | - | - |
| Total assets | +95.8% | -19.4% | +30.3% | - |
| Equity | +18.1% | +15.5% | +14.3% | - |
| Debt | +119.8% | -26.2% | +34.1% | - |
| of which ≤ 1y | +93.9% | -26.1% | +121.9% | - |
| of which > 1y | - | - | - | - |
| Working capital | +102.0% | +14.3% | -57.3% | - |
| Employees (FTE) | -20.0% | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.32 | 1.31 | 1.20 | 2.04 |
| Quick ratio | 0.98 | 1.06 | 1.09 | 1.73 |
| Working capital ratio | 24.5% | 23.7% | 16.7% | 51.1% |
| Solvency | 14.2% | 23.6% | 16.5% | 18.8% |
| Debt / equity | 6.02 | 3.24 | 5.07 | 4.32 |
| Long-term debt ratio | 0.64 | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.2% | 3.2% | 2.1% | 2.2% |
| ROE | 15.3% | 13.4% | 12.5% | 11.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €327k | €167k | €207k | €159k |
| Current assets | 29/58 | €327k | €167k | €207k | €159k |
| Stocks & contracts in progress | 3 | €86k | €32k | €19k | €25k |
| Amounts receivable within one year | 40/41 | €123k | €88k | €83k | €49k |
| Cash & bank | 54/58 | €65k | €46k | €76k | €35k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €327k | €167k | €207k | €159k |
| Equity | 10/15 | €47k | €39k | €34k | €30k |
| Contributions / capital | 10/11 | €16k | €16k | €16k | €16k |
| Reserves | 13 | €30k | €23k | €18k | €14k |
| Amounts payable | 17/49 | €280k | €127k | €173k | €129k |
| Amounts payable after one year | 17 | €30k | - | - | - |
| Amounts payable within one year | 42/48 | €247k | €127k | €172k | €78k |
| Trade debts payable within one year | 44 | €238k | €121k | €170k | €76k |
| Income statement | |||||
| Gross operating margin | 9900 | €53k | €17k | €550 | €6k |
| Operating result | 9901 | €11k | €10k | €441 | €5k |
| Financial income | 75 | €8k | €79 | €6k | €445 |
| Financial charges | 65 | €9k | €2k | €515 | €1k |
| Result before taxes | 9903 | €10k | €7k | €6k | €5k |
| Income taxes | 67/77 | €3k | €2k | €2k | €1k |
| Net result for the period | 9904 | €7k | €5k | €4k | €4k |
| Result to be appropriated | 9905 | €7k | €5k | €4k | €4k |
Legal Structure
| NACE primary | Wholesale of clothing, excluding workwear and underwear(46423) |
| Legal form | Private limited company(610) |
| Incorporation | 02-02-2015 |
| Status | Active |
| Postal code | 2070 |
Establishment units
COLAB48distribution
since 20152.240.484.521
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056B0659/00D003 | Flanders | 584 m² | 1 · 89 m² | 9.7 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Highest result since 2022net €7k ▲34.9%
Operating result €11k, net result €7k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of clothing, excluding workwear and underwear46423
Names & trade names
| Legal nameNL | COLAB48distribution |
Similar companies
ESSEK
BE 0864.504.283 · Braine-l'Alleud
MILLESABOTS
BE 0736.729.549 · Messancy
MEN'N CO
BE 0470.120.297 · Perwez
PROBAL
BE 0477.851.593 · Ukkel
Adoration
BE 0732.623.479 · Hasselt