Concept Leathers
ActiveSummary
The computed 12-month bankruptcy probability of Concept Leathers is 1.6% (moderate). The 2025 annual accounts show equity of €5k and a net result of €8k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 405 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+11
Solvency33▼-11
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 405 sector peers (2025).
NBB · sector comparisonPosition among 405 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
70 d early
2024
6 d early
2023
30 d late
2022
on the day
2021
31 d late
2020
294 d late
2019
97 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 73.6%
2024 · €19k
2019: €6k
2020: €2k▼ -62.4% vs 2019lowest in 7 years
2021: €7k▲ +198% vs 2020
2022: €13k▲ +77.2% vs 2021
2023: €15k▲ +18.1% vs 2022
2024: €19k▲ +25.7% vs 2023highest in 7 years
2025: €5k▼ -73.6% vs 2024
2019 → 2025
Total assets
€66k▼ 33.6%
2024 · €100k
2019: €85k
2020: €79k▼ -7.1% vs 2019
2021: €99k▲ +25.0% vs 2020
2022: €91k▼ -8.0% vs 2021
2023: €89k▼ -1.8% vs 2022
2024: €100k▲ +12.5% vs 2023highest in 7 years
2025: €66k▼ -33.6% vs 2024lowest in 7 years
2019 → 2025
Net result
€8k▲ 119%
2024 · €4k
2019: €1k
2020: €-4k▼ -380% vs 2019lowest in 7 years
2021: €5k▲ +219% vs 2020
2022: €6k▲ +16.2% vs 2021
2023: €2k▼ -58.5% vs 2022
2024: €4k▲ +68.1% vs 2023
2025: €8k▲ +119% vs 2024highest in 7 years
2019 → 2025
Working capital
€-15k▼ 286%
2024 · €-4k
2019: €-18k
2020: €-27k▼ -46.8% vs 2019lowest in 7 years
2021: €-21k▲ +21.6% vs 2020
2022: €-12k▲ +44.8% vs 2021
2023: €-6k▲ +51.9% vs 2022
2024: €-4k▲ +28.8% vs 2023highest in 7 years
2025: €-15k▼ -286% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€13k▲ 77.2%€15k▲ 18.1%€19k▲ 25.7%€5k▼ 73.6%
2021: €7k
2022: €13k▲ +77.2% vs 2021
2023: €15k▲ +18.1% vs 2022
2024: €19k▲ +25.7% vs 2023highest in 5 years
2025: €5k▼ -73.6% vs 2024lowest in 5 years
Operating result€6k-€9k▲ 53.0%€5k▼ 46.4%€10k▲ 109%€14k▲ 39.9%
2021: €6k
2022: €9k▲ +53.0% vs 2021
2023: €5k▼ -46.4% vs 2022lowest in 5 years
2024: €10k▲ +109% vs 2023
2025: €14k▲ +39.9% vs 2024highest in 5 years
Net result€5k-€6k▲ 16.2%€2k▼ 58.5%€4k▲ 68.1%€8k▲ 119%
2021: €5k
2022: €6k▲ +16.2% vs 2021
2023: €2k▼ -58.5% vs 2022lowest in 5 years
2024: €4k▲ +68.1% vs 2023
2025: €8k▲ +119% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€20k ▼ 32.1%
Current assets
€46k ▼ 34.3%
Equity and liabilities €66k
Equity
€5k ▼ 73.6%
Debt
€61k ▼ 24.3%
Debt's share of the balance-sheet total rises from 81.1% to 92.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €20k
Cash flow
€18k▲
2024 · €14k
Current ratio
0.75▼
2024 · 0.95
Quick ratio
0.28▼
2024 · 0.54
Debt to equity
12.29▲
2024 · 4.29
ROE
170.0%▲
2024 · 20.5%
ROA
12.8%▲
2024 · 3.9%
Interest coverage
10.71▼
2024 · 22.63
Debt ≤ 1 year
€61k▼
2024 · €74k
Debt > 1 year
€0▼
2024 · €7k
Income taxes
€4k▼
2024 · €5k
Staff costs
€46k▼
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€100k€66k▼
Fixed assets21/28€30k€20k▼
Tangible fixed assets22/27€30k€20k▼
Land and buildings22€19k€17k▼
Plant, machinery and equipment23€0-
Leasing and similar rights25€11k€3k▼
Financial fixed assets28€363€363=
Current assets29/58€70k€46k▼
Stocks and contracts in progress3€30k€29k▼
Stocks30/36€30k€29k▼
Amounts receivable within one year40/41€26k€8k▼
Trade receivables40€24k€8k▼
Other amounts receivable41€2k€21▼
Cash at bank and in hand54/58€14k€10k▼
Deferred charges and accrued income490/1€339€0▼
Equity and liabilities
Total equity and liabilities10/49€100k€66k▼
Equity10/15€19k€5k▼
Contributions10/11€5k€5k=
Reserves13€14k€0▼
Distributable reserves133€14k€0▼
Profit (loss) carried forward14-€0
Amounts payable17/49€81k€61k▼
Amounts payable after more than one year17€7k€0▼
Financial debts170/4€7k€0▼
Amounts payable within one year42/48€74k€61k▼
Current portion of amounts payable after more than one year42€4k€7k▲
Trade debts44€36k€11k▼
Suppliers440/4€36k€11k▼
Taxes, remuneration and social security45€18k€19k▲
Taxes450/3€13k€15k▲
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€17k€25k▲
Income statement
Code20242025
Remuneration, social security and pensions62€50k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€0▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€75k€72k▼
Operating profit (loss)9901€10k€14k▲
Financial income75/76B€22€786▲
Recurring financial income75€22€786▲
Financial charges65/66B€885€2k▲
Recurring financial charges65€885€2k▲
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€4k€8k▲
Profit (loss) for the period to be appropriated9905€4k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€8k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€14k
Transfer to equity691/2€4k€0▼
To other reserves6921€4k€0▼
Profit to be distributed694/7-€22k
Return on contributions (dividend)694-€22k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €50k | €66k | €50k | €50k | €46k | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €10k | €10k | ▼ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3k | €0 | ▼ 100% |
| Other operating charges640/8 | €2k | €849 | €5k | €2k | €2k | ▼ 21.2% |
| Gross operating margin9900 | €64k | €84k | €67k | €75k | €72k | ▼ 4.4% |
| Operating profit (loss)9901 | €6k | €9k | €5k | €10k | €14k | ▲ 39.9% |
| Financial income75/76B | €23 | €19 | €650 | €22 | €786 | ▲ 3,476% |
| Recurring financial income75 | €23 | €19 | €650 | €22 | €786 | ▲ 3,476% |
| Financial charges65/66B | €1k | €1k | €1k | €885 | €2k | ▲ 152% |
| Recurring financial charges65 | €1k | €1k | €1k | €885 | €2k | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €5k | €8k | €4k | €9k | €13k | ▲ 37.4% |
| Income taxes67/77 | €0 | €2k | €2k | €5k | €4k | ▼ 20.7% |
| Profit (loss) for the period9904 | €5k | €6k | €2k | €4k | €8k | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | €5k | €6k | €2k | €4k | €8k | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99k | €91k | €89k | €100k | €66k | ▼ 33.6% |
| Fixed assets21/28 | €46k | €38k | €31k | €30k | €20k | ▼ 32.1% |
| Tangible fixed assets22/27 | €45k | €38k | €31k | €30k | €20k | ▼ 32.5% |
| Land and buildings22 | €25k | €23k | €21k | €19k | €17k | ▼ 11.1% |
| Plant, machinery and equipment23 | €1k | €601 | €223 | €0 | - | - |
| Leasing and similar rights25 | €19k | €15k | €10k | €11k | €3k | ▼ 68.9% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €53k | €52k | €58k | €70k | €46k | ▼ 34.3% |
| Stocks and contracts in progress3 | €22k | €18k | €22k | €30k | €29k | ▼ 5.6% |
| Stocks30/36 | €22k | €18k | €22k | €30k | €29k | ▼ 5.6% |
| Amounts receivable within one year40/41 | €28k | €31k | €28k | €26k | €8k | ▼ 70.0% |
| Trade receivables40 | €28k | €30k | €12k | €24k | €8k | ▼ 68.0% |
| Other amounts receivable41 | - | €831 | €16k | €2k | €21 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €3k | €3k | €8k | €14k | €10k | ▼ 29.7% |
| Deferred charges and accrued income490/1 | - | €236 | €328 | €339 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99k | €91k | €89k | €100k | €66k | ▼ 33.6% |
| Equity10/15 | €7k | €13k | €15k | €19k | €5k | ▼ 73.6% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | €10k | €14k | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €10k | €14k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €2k | €8k | €0 | - | €0 | - |
| Amounts payable17/49 | €91k | €78k | €74k | €81k | €61k | ▼ 24.3% |
| Amounts payable after more than one year17 | €17k | €14k | €11k | €7k | €0 | ▼ 100% |
| Financial debts170/4 | €17k | €14k | €11k | €7k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €74k | €64k | €63k | €74k | €61k | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | €4k | €3k | €3k | €4k | €7k | ▲ 95.8% |
| Trade debts44 | €46k | €41k | €50k | €36k | €11k | ▼ 70.7% |
| Suppliers440/4 | €46k | €41k | €50k | €36k | €11k | ▼ 70.7% |
| Taxes, remuneration and social security45 | €22k | €17k | €10k | €18k | €19k | ▲ 7.8% |
| Taxes450/3 | €16k | €10k | €6k | €13k | €15k | ▲ 12.4% |
| Remuneration and social security454/9 | €6k | €7k | €4k | €4k | €4k | ▼ 5.8% |
| Other amounts payable47/48 | €2k | €2k | €0 | €17k | €25k | ▲ 46.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €6k | €2k | €4k | €8k | ▲ 119% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €10k | €10k | ▼ 2.3% |
| Operating cash flow (approximation) | €12k | €13k | €9k | €14k | €18k | ▲ 32.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €374 | €5k | €6k | €-4k | ▼ 168% |
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
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €8k ▲119%
Operating result €14k, net result €8k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 294 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dilsen-Stokkem · 1 establishment unit since 2019
Ground area
6,398 m²
Building footprint
303 m²
Volume, LiDAR
439 m³
2 parcels, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Concept Leathers
since 20192.296.455.105
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005B2052/00A000 | Flanders | 5,921 m² | 1 · 224 m² | - |
| 72007A0371/00D002 | Flanders | 478 m² | 1 · 79 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 1,499 companies in sector 31004 we hold annual accounts for 621. 153 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
Founded21-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
29320Manufacture of motor vehicles, trailers and semi-trailers
31004Manufacture of dining room, living room, bedroom and bathroom furniture
95240Repair and maintenance of furniture and upholstery
Scores and ratios are computed by Checked and are not a credit decision.