CONCEPT
ActiveSummary
CONCEPT has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370,731 and a net result of €2,982. Equity has been growing by about 16% per year since 2018. Its solvency ranks better than 95% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-12-2016 Normal situation
- Activity
- Retail sale of household textiles and bedding NACE 47512and 2 others
- Joint committee
- 133 Paritair Comité voor het tabaksbedrijf · annual accounts 2025
- Establishment unit
- 2.280.908.676 1050 Elsene, since 23-12-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €32,493
- ▼ 55.0%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €2,982
- ▼ 90.0%
- Equity
- €370,731
- ▲ 0.8%
- Total assets
- €406,870
- ▼ 1.8%
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 10.20, cash €67,563Equity €370,731 (91.1% of total assets)Figures for financial year 2025 (filed on 01-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 92% of them on solvency, 77% on liquidity, 51% on profitability and 42% on growth.
The bankruptcy probability was computed on 02-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days after 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 (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is 67% 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.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Joined | 16 | 11 |
| Left | 16 | 11 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €65,719 | €7,116 | €38,974 | - | €3,649 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €16,873 | €19,420 | €22,793 | €21,594 | €15,371 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €550 | €138 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €5,197 | €3,195 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,982 | €8,646 | €10,750 | €16,873 | €19,420 | €22,793 | €21,594 | €15,371 | ▼ 28.8% |
| Other operating charges640/8 | - | - | - | €3,494 | €752 | €1,236 | €673 | €695 | ▲ 3.3% |
| Gross operating margin9900 | €44,246 | €88,817 | €111,722 | €146,668 | €119,731 | €26,124 | €72,258 | €32,493 | ▼ 55.0% |
| Operating profit (loss)9901 | €38,145 | €79,823 | €98,344 | €121,105 | €96,365 | €2,095 | €49,991 | €16,427 | ▼ 67.1% |
| Financial income75/76B | - | - | - | €0 | €35 | €0 | €11 | €1 | ▼ 95.2% |
| Recurring financial income75 | €7 | €24 | €15 | €0 | €35 | €0 | €11 | €1 | ▼ 95.2% |
| Financial charges65/66B | - | - | - | €3,738 | €2,408 | €8,615 | €3,639 | €3,278 | ▼ 9.9% |
| Recurring financial charges65 | €146 | €152 | €1,139 | €3,738 | €2,408 | €3,940 | €3,639 | €3,278 | ▼ 9.9% |
| Non-recurring financial charges66B | - | - | - | €0 | - | €4,676 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €38,006 | €79,695 | €97,220 | €117,367 | €93,992 | -€6,520 | €46,363 | €13,149 | ▼ 71.6% |
| Income taxes67/77 | €6,000 | €43,747 | €26,729 | €24,751 | €24,866 | €2,000 | €16,500 | €10,168 | ▼ 38.4% |
| Profit (loss) for the period9904 | €32,006 | €35,948 | €70,491 | €92,616 | €69,126 | -€8,520 | €29,863 | €2,982 | ▼ 90.0% |
| Profit (loss) for the period to be appropriated9905 | €32,006 | €35,948 | €70,491 | €92,616 | €69,126 | -€8,520 | €29,863 | €2,982 | ▼ 90.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €94,102 | €141,534 | €207,322 | €307,735 | €380,735 | €406,447 | €414,231 | €406,870 | ▼ 1.8% |
| Formation expenses20 | €455 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €17,467 | €25,829 | €45,675 | €94,519 | €77,433 | €93,614 | €72,020 | €60,298 | ▼ 16.3% |
| Tangible fixed assets22/27 | €10,867 | €19,229 | €35,025 | €83,869 | €70,833 | €87,014 | €65,420 | €53,698 | ▼ 17.9% |
| Plant, machinery and equipment23 | - | - | - | €1,931 | €681 | €342 | €154 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €11,098 | €6,034 | €33,027 | €23,240 | €17,383 | ▼ 25.2% |
| Other tangible fixed assets26 | - | - | - | €70,841 | €64,119 | €53,645 | €42,026 | €36,315 | ▼ 13.6% |
| Financial fixed assets28 | €6,600 | €6,600 | €10,650 | €10,650 | €6,600 | €6,600 | €6,600 | €6,600 | = |
| Current assets29/58 | €76,180 | €115,705 | €161,647 | €213,215 | €303,301 | €312,833 | €342,211 | €346,572 | ▲ 1.3% |
| Stocks and contracts in progress3 | €45,799 | €60,687 | €106,253 | €164,826 | €234,899 | €215,371 | €230,408 | €244,136 | ▲ 6.0% |
| Stocks30/36 | - | - | - | €164,826 | €234,899 | €215,371 | €230,408 | €244,136 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €10,432 | €4,471 | €16,246 | €10,690 | €15,500 | €26,485 | €25,915 | €31,074 | ▲ 19.9% |
| Trade receivables40 | - | - | - | €5,625 | €15,167 | €12,485 | €11,771 | €24,064 | ▲ 104% |
| Other amounts receivable41 | - | - | - | €5,066 | €333 | €14,000 | €14,144 | €7,010 | ▼ 50.4% |
| Cash at bank and in hand54/58 | €19,949 | €49,835 | €37,798 | €35,853 | €52,647 | €62,979 | €82,226 | €67,563 | ▼ 17.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,846 | €255 | €7,998 | €3,662 | €3,799 | ▲ 3.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €94,102 | €141,534 | €207,322 | €307,735 | €380,735 | €406,447 | €414,231 | €406,870 | ▼ 1.8% |
| Equity10/15 | €72,026 | €107,974 | €178,465 | €277,280 | €346,406 | €337,886 | €367,749 | €370,731 | ▲ 0.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €31,860 | €61,860 | €151,860 | €211,860 | €221,860 | €246,860 | €246,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €150,000 | €210,000 | €220,000 | €245,000 | €245,000 | = |
| Profit (loss) carried forward14 | €57,766 | €63,714 | €104,205 | €106,820 | €115,946 | €97,426 | €102,289 | €105,271 | ▲ 2.9% |
| Amounts payable17/49 | €22,076 | €33,560 | €28,857 | €30,454 | €34,329 | €68,561 | €46,482 | €36,139 | ▼ 22.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €19,509 | €10,666 | €2,174 | ▼ 79.6% |
| Financial debts170/4 | - | - | - | - | - | €19,509 | €10,666 | €2,174 | ▼ 79.6% |
| Amounts payable within one year42/48 | €22,076 | €33,560 | €28,857 | €30,454 | €34,329 | €49,052 | €35,816 | €33,965 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €7,846 | €8,176 | €8,492 | ▲ 3.9% |
| Trade debts44 | €12,750 | €2,786 | €1,750 | €2,761 | €1,170 | €6,930 | €3,221 | €3,512 | ▲ 9.0% |
| Suppliers440/4 | - | - | - | €2,761 | €1,170 | €6,930 | €3,221 | €3,512 | ▲ 9.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | €9,025 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €19,083 | €24,844 | €20,043 | €23,338 | €21,962 | ▼ 5.9% |
| Taxes450/3 | - | - | - | €16,333 | €22,094 | €17,293 | €20,588 | €19,212 | ▼ 6.7% |
| Remuneration and social security454/9 | - | - | - | €2,750 | €2,750 | €2,750 | €2,750 | €2,750 | = |
| Other amounts payable47/48 | - | - | - | €8,610 | €8,314 | €5,208 | €1,082 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,006 | €35,948 | €70,491 | €92,616 | €69,126 | -€8,520 | €29,863 | €2,982 | ▼ 90.0% |
| + Depreciation and write-downs630 | €4,982 | €8,646 | €10,750 | €16,873 | €19,420 | €22,793 | €21,594 | €15,371 | ▼ 28.8% |
| Operating cash flow (approximation) | €36,988 | €44,594 | €81,241 | €109,489 | €88,546 | €14,273 | €51,457 | €18,353 | ▼ 64.3% |
| Investment in fixed assets (approximation) | - | -€17,008 | -€30,596 | -€65,718 | -€2,334 | -€38,974 | €0 | -€3,649 | - |
| Change in cash | - | €29,886 | -€12,037 | -€1,945 | €16,794 | €10,332 | €19,247 | -€14,664 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,047 companies had the same profile as CONCEPT has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CONCEPT itself is lower: 0.2% within 12 months. It rests on far more data about CONCEPT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00370330 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00366753 | |
| 31-12-2023 | micro format | 27-07-2024 | 2024-00301810 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00269530 | |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20251537 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63700434 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67100529 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-60300310 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36700518 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
CONCEPT shares no director with another company.
Companies at the same address
7 other companies- ExComm Registered office · since 2025 1026499035
- Better Regulation for European Leadership Registered office · since 2025 1023332776
- Fielding Associates Registered office · since 2024 1010832644
- NATAN Establishment · since 2018 0425123779
- LE PETIT MONTMARTRE Registered office · since 2010 0824310453
- A.C.P. PL G BRUGMANN 6 Registered office · since 2008 0850167089
- GEKKO GROUP Establishment · since 1995 0454590993
Connections & network
1 current directorThe network starts from the directors of CONCEPT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0309/00R004 | Brussels | 593 m² | 1 · 514 m² | 29.0 m · 9 |