CONCEPT 27
ActiveSummary
The computed 12-month bankruptcy probability of CONCEPT 27 is 1.8% (moderate). The 2024 annual accounts show equity of €106,758 and a net result of -€25,686. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 26049 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-79
Solvency77▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.52 against 3.87 in 2023; short-term debt: 48.2% and cash: 20.9% of total assets), and 48.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.7%
Return on assets
-12.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
14 d early
2022
39 d early
2021
19 d early
2020
18 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,686
2023 · €22,989
Working capital
-€47,735
2023 · €113,582
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€32,924▲ 20.8%€615▼ 98.1%-€38,987€21,862-€26,423
Net result€26,657above the sector's middle half▲ 13.3%€1,428within the sector's middle half▼ 94.6%-€38,150below the sector's middle half€22,989above the sector's middle half-€25,686below the sector's middle half
Equity€91,178within the sector's middle half▲ 35.0%€117,606above the sector's middle half▲ 29.0%€109,455within the sector's middle half▼ 6.9%€132,445above the sector's middle half▲ 21.0%€106,758within the sector's middle half▼ 19.4%
Total assets€174,577within the sector's middle half▲ 25.2%€236,425within the sector's middle half▲ 35.4%€207,192within the sector's middle half▼ 12.4%€210,931within the sector's middle half▲ 1.8%€206,377within the sector's middle half▼ 2.2%
Debt€83,400▲ 16.0%€118,820▲ 42.5%€97,737▼ 17.7%€78,486▼ 19.7%€99,618▲ 26.9%
Working capital€88,231above the sector's middle half▲ 78.0%€46,346within the sector's middle half▼ 47.5%€61,360within the sector's middle half▲ 32.4%€113,582above the sector's middle half▲ 85.1%-€47,735below the sector's middle half
Solvency52.2%within the sector's middle half▲ 3.8pp49.7%within the sector's middle half▼ 2.5pp52.8%within the sector's middle half▲ 3.1pp62.8%above the sector's middle half▲ 10.0pp51.7%within the sector's middle half▼ 11.1pp
Current ratio2.98above the sector's middle half▲ 0.621.58within the sector's middle half▼ 1.402.04within the sector's middle half▲ 0.463.87above the sector's middle half▲ 1.830.52below the sector's middle half▼ 3.35
Return on assets (ROA)15.3%above the sector's middle half▼ 1.6pp0.6%within the sector's middle half▼ 14.7pp-18.4%below the sector's middle half▼ 19.0pp10.9%within the sector's middle half▲ 29.3pp-12.4%below the sector's middle half▼ 23.3pp
Staff (FTE)0.20.9▲ 350%0.4▼ 55.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €26,423 after €21,862 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €206,377
Fixed assets
€154,693 ▲ 168%
Current assets
€51,683 ▼ 66.3%
Equity and liabilities €206,377
Equity
€106,758 ▼ 19.4%
Debt
€99,618 ▲ 26.9%
Debt's share of the balance-sheet total rises from 37.2% to 48.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,157▼
2023 · €49,029
Cash flow
-€6,420▼
2023 · €50,156
Quick ratio
0.49▼
2023 · 2.82
Debt to equity
0.93▲
2023 · 0.59
ROE
-24.1%▼
2023 · 17.4%
Interest coverage
-75.53▼
2023 · 512.27
Debt ≤ 1 year
€99,418▲
2023 · €39,556
Debt > 1 year
€0▼
2023 · €38,865
Income taxes
€213▼
2023 · €228
Staff costs
€356▼
2023 · €1,251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €861 | €4,557 | €1,251 | €356 | ▼ 71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,889 | €16,113 | €27,164 | €27,167 | €19,266 | ▼ 29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1,850 | €2,466 | -€7,204 | -€14,083 | ▼ 95.5% |
| Other operating charges640/8 | - | €3,044 | €4,158 | €1,747 | €2,628 | ▲ 50.4% |
| Gross operating margin9900 | €60,362 | €18,782 | -€642 | €44,823 | -€18,255 | ▼ 141% |
| Operating profit (loss)9901 | €32,924 | €615 | -€38,987 | €21,862 | -€26,423 | ▼ 221% |
| Financial income75/76B | - | €1,169 | €1,251 | €1,451 | €1,044 | ▼ 28.0% |
| Recurring financial income75 | €183 | €1,169 | €1,251 | €1,451 | €1,044 | ▼ 28.0% |
| Financial charges65/66B | - | €96 | €172 | €96 | €95 | ▼ 1.0% |
| Recurring financial charges65 | €114 | €96 | €172 | €96 | €95 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €32,994 | €1,687 | -€37,908 | €23,217 | -€25,474 | ▼ 210% |
| Transfer from deferred taxes780 | - | - | - | €0 | €0 | - |
| Income taxes67/77 | €6,337 | €259 | €243 | €228 | €213 | ▼ 6.6% |
| Profit (loss) for the period9904 | €26,657 | €1,428 | -€38,150 | €22,989 | -€25,686 | ▼ 212% |
| Profit (loss) for the period to be appropriated9905 | €26,657 | €1,428 | -€38,150 | €22,989 | -€25,686 | ▼ 212% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,577 | €236,425 | €207,192 | €210,931 | €206,377 | ▼ 2.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €41,856 | €110,125 | €86,960 | €57,793 | €154,693 | ▲ 168% |
| Tangible fixed assets22/27 | €41,826 | €110,095 | €84,930 | €57,763 | €154,693 | ▲ 168% |
| Plant, machinery and equipment23 | - | €2,410 | €1,205 | €0 | €1,173 | - |
| Furniture and vehicles24 | - | €91,257 | €67,537 | €43,818 | €27,057 | ▼ 38.3% |
| Other tangible fixed assets26 | - | €16,428 | €16,188 | €13,945 | €11,702 | ▼ 16.1% |
| Assets under construction and advance payments27 | - | - | - | - | €114,762 | - |
| Financial fixed assets28 | €30 | €30 | €2,030 | €30 | €0 | ▼ 100% |
| Current assets29/58 | €132,721 | €126,301 | €120,232 | €153,138 | €51,683 | ▼ 66.3% |
| Stocks and contracts in progress3 | €53,063 | €48,726 | €58,330 | €41,500 | €3,171 | ▼ 92.4% |
| Stocks30/36 | - | €48,726 | €58,330 | €41,500 | €3,171 | ▼ 92.4% |
| Amounts receivable within one year40/41 | €7,814 | €379 | €6,443 | €1,011 | €2,871 | ▲ 184% |
| Trade receivables40 | - | €370 | €1,039 | €479 | €1,600 | ▲ 234% |
| Other amounts receivable41 | - | €9 | €5,404 | €532 | €1,271 | ▲ 139% |
| Cash at bank and in hand54/58 | €69,512 | €71,546 | €52,948 | €107,918 | €43,112 | ▼ 60.1% |
| Deferred charges and accrued income490/1 | - | €5,650 | €2,511 | €2,709 | €2,529 | ▼ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,577 | €236,425 | €207,192 | €210,931 | €206,377 | ▼ 2.2% |
| Equity10/15 | €91,178 | €117,606 | €109,455 | €132,445 | €106,758 | ▼ 19.4% |
| Contributions10/11 | - | €75,000 | €105,000 | €105,000 | €105,000 | = |
| Reserves13 | €41,000 | €42,000 | €4,000 | €25,000 | €1,000 | ▼ 96.0% |
| Distributable reserves133 | - | €42,000 | €4,000 | €25,000 | €1,000 | ▼ 96.0% |
| Profit (loss) carried forward14 | €178 | €606 | €455 | €2,445 | €758 | ▼ 69.0% |
| Amounts payable17/49 | €83,400 | €118,820 | €97,737 | €78,486 | €99,618 | ▲ 26.9% |
| Amounts payable after more than one year17 | €38,865 | €38,865 | €38,865 | €38,865 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €38,865 | €38,865 | €38,865 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €44,490 | €79,955 | €58,872 | €39,556 | €99,418 | ▲ 151% |
| Trade debts44 | €2,801 | €965 | €6,171 | €4,370 | €8,552 | ▲ 95.7% |
| Suppliers440/4 | - | €965 | €6,171 | €4,370 | €8,552 | ▲ 95.7% |
| Taxes, remuneration and social security45 | - | €19,561 | €11,225 | €10,145 | €9 | ▼ 99.9% |
| Taxes450/3 | - | €18,765 | €11,027 | €10,145 | €9 | ▼ 99.9% |
| Remuneration and social security454/9 | - | €796 | €198 | €0 | - | - |
| Other amounts payable47/48 | - | €59,428 | €41,476 | €25,042 | €90,856 | ▲ 263% |
| Accrued charges and deferred income492/3 | - | - | - | €65 | €200 | ▲ 208% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,657 | €1,428 | -€38,150 | €22,989 | -€25,686 | ▼ 212% |
| + Depreciation and write-downs630 | €14,889 | €16,113 | €27,164 | €27,167 | €19,266 | ▼ 29.1% |
| Operating cash flow (approximation) | €41,546 | €17,541 | -€10,986 | €50,156 | -€6,420 | ▼ 113% |
| Investment in fixed assets (approximation) | - | -€84,381 | -€4,000 | €2,000 | -€116,166 | ▼ 5,908% |
| Change in cash | - | €2,034 | -€18,598 | €54,970 | -€64,806 | ▼ 218% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €22,989
Net result €22,989 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€38,150
Net result drops to -€38,150, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €117,606 ▲29%
3 profitable years in a row build equity to €117,606.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €26,657 ▲13.3%
Operating result €32,924, net result €26,657, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Thimister-Clermont · 2 establishment units since 2019
Ground area
3,087 m²
Building footprint
426 m²
Volume, LiDAR
2,258 m³
3 parcels, Wallonia · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CONCEPT 27
since 20192.279.685.090
CONCEPT 27
since 20242.366.181.475
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017B0199/00L000 | Wallonia | 2,753 m² | 1 · 190 m² | - |
| 63030A0402/00E000 | Wallonia | 201 m² | 1 · 179 m² | 14.7 m · 3 fl. |
| 63006D0293/00A005 | Wallonia | 133 m² | 1 · 57 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47714Retail trade
47721Retail sale of footwear
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704626806
Also
9925:BE0704626806
Registered
06-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.