CONCEPT NOTTE
ActiveSummary
The computed 12-month bankruptcy probability of CONCEPT NOTTE is 1.5% (moderate). The 2024 annual accounts show negative equity (-€59,920) and a net result of -€60,157. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 540 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-25
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.55 in 2023; short-term debt: 131.7% and cash: 5.7% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-33.3%
Return on assets
-33.5%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€59,920
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 23-06-2025, 38 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
21 d early
2022
47 d early
2021
2 d early
2020
on the day
2019
4 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 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€59,920
2023 · €238
Total assets
€179,829▲ 69.5%
2023 · €106,064
Net result
-€60,157▼ 111%
2023 · -€28,458
Working capital
-€193,883▼ 357%
2023 · -€42,442
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€48,527▼ 648%€23,101€90,258▲ 291%-€23,696-€54,416▼ 130%
Net result-€50,989▼ 529%€16,651€67,087▲ 303%-€28,458-€60,157▼ 111%
Equity-€55,042▼ 1,258%-€38,391▲ 30.3%€28,695€238▼ 99.2%-€59,920
Total assets€48,986▼ 21.0%€66,477▲ 35.7%€146,577▲ 120%€106,064▼ 27.6%€179,829▲ 69.5%
Debt€104,028▲ 57.4%€104,869▲ 0.8%€117,882▲ 12.4%€105,827▼ 10.2%€239,748▲ 127%
Working capital-€62,494▼ 172%-€70,408▼ 12.7%-€19,941▲ 71.7%-€42,442▼ 113%-€193,883▼ 357%
Staff (FTE)0.2▼ 33.3%0.60.4▼ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54,416 in 2024 against €23,696 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,829
Fixed assets
€136,861 ▲ 155%
Current assets
€42,968 ▼ 18.1%
Key figures and ratios
EBITDA
-€29,182▼
2023 · -€7,026
Cash flow
-€34,923▼
2023 · -€11,788
Solvency
-33.3%▼
2023 · 0.2%
Current ratio
0.18▼
2023 · 0.55
Quick ratio
0.10▼
2023 · 0.36
Debt to equity
-4.00
ROA
-33.5%▼
2023 · -26.8%
Interest coverage
-5.52▼
2023 · -1.62
Debt ≤ 1 year
€236,851▲
2023 · €94,932
Debt > 1 year
€1,631▼
2023 · €10,792
Income taxes
€455▼
2023 · €465
Staff costs
€4,142▼
2023 · €5,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,058 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% | 1.6% |
| 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 74% 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 6,943 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 | - | €453 | €4,837 | €5,336 | €4,142 | ▼ 22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,078 | €15,886 | €17,637 | €16,670 | €25,235 | ▲ 51.4% |
| Other operating charges640/8 | - | €565 | €634 | €227 | €401 | ▲ 76.4% |
| Gross operating margin9900 | -€16,733 | €40,006 | €113,366 | -€1,463 | -€24,639 | ▼ 1,584% |
| Operating profit (loss)9901 | -€48,527 | €23,101 | €90,258 | -€23,696 | -€54,416 | ▼ 130% |
| Financial income75/76B | - | €79 | €34 | €38 | €1 | ▼ 97.7% |
| Recurring financial income75 | €3 | €79 | €34 | €38 | €1 | ▼ 97.7% |
| Financial charges65/66B | - | €6,060 | €3,996 | €4,335 | €5,286 | ▲ 22.0% |
| Recurring financial charges65 | €2,438 | €6,060 | €3,996 | €4,335 | €5,286 | ▲ 22.0% |
| Profit (loss) for the period before taxes9903 | -€50,962 | €17,120 | €86,297 | -€27,993 | -€59,702 | ▼ 113% |
| Income taxes67/77 | €27 | €469 | €19,210 | €465 | €455 | ▼ 2.1% |
| Profit (loss) for the period9904 | -€50,989 | €16,651 | €67,087 | -€28,458 | -€60,157 | ▼ 111% |
| Profit (loss) for the period to be appropriated9905 | -€50,989 | €16,651 | €67,087 | -€28,458 | -€60,157 | ▼ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,986 | €66,477 | €146,577 | €106,064 | €179,829 | ▲ 69.5% |
| Fixed assets21/28 | €11,664 | €53,633 | €64,046 | €53,575 | €136,861 | ▲ 155% |
| Intangible fixed assets21 | - | - | €20,972 | €18,796 | €16,620 | ▼ 11.6% |
| Tangible fixed assets22/27 | €11,664 | €53,633 | €43,074 | €34,778 | €120,241 | ▲ 246% |
| Plant, machinery and equipment23 | - | €12,181 | €7,099 | €4,828 | €98,598 | ▲ 1,942% |
| Furniture and vehicles24 | - | €684 | €4,508 | €7,783 | €8,776 | ▲ 12.8% |
| Leasing and similar rights25 | - | €40,767 | €31,467 | €22,167 | €12,867 | ▼ 42.0% |
| Current assets29/58 | €37,322 | €12,845 | €82,531 | €52,490 | €42,968 | ▼ 18.1% |
| Stocks and contracts in progress3 | €8,227 | €5,762 | €3,241 | €17,889 | €20,028 | ▲ 12.0% |
| Stocks30/36 | - | €5,762 | €3,241 | €17,889 | €20,028 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €25,321 | €2,616 | €71,375 | €19,688 | €3,317 | ▼ 83.2% |
| Trade receivables40 | - | €333 | €65,862 | €14,539 | €3,317 | ▼ 77.2% |
| Other amounts receivable41 | - | €2,283 | €5,513 | €5,149 | - | - |
| Cash at bank and in hand54/58 | €3,383 | €2,996 | €6,300 | €4,926 | €10,279 | ▲ 109% |
| Deferred charges and accrued income490/1 | - | €1,471 | €1,615 | €9,987 | €9,344 | ▼ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,986 | €66,477 | €146,577 | €106,064 | €179,829 | ▲ 69.5% |
| Equity10/15 | -€55,042 | -€38,391 | €28,695 | €238 | -€59,920 | ▼ 25,328% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | - | - | - | - |
| Other1109/19 | - | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€63,102 | -€46,451 | €20,635 | -€7,822 | -€67,980 | ▼ 769% |
| Amounts payable17/49 | €104,028 | €104,869 | €117,882 | €105,827 | €239,748 | ▲ 127% |
| Amounts payable after more than one year17 | €4,212 | €21,616 | €14,354 | €10,792 | €1,631 | ▼ 84.9% |
| Financial debts170/4 | - | €21,616 | €14,354 | €10,792 | €1,631 | ▼ 84.9% |
| Amounts payable within one year42/48 | €99,816 | €83,253 | €102,472 | €94,932 | €236,851 | ▲ 149% |
| Current portion of amounts payable after more than one year42 | - | €11,223 | €7,261 | €9,710 | €9,160 | ▼ 5.7% |
| Financial debts43 | - | €22,338 | €19,000 | €23,600 | €28,050 | ▲ 18.9% |
| Credit institutions430/8 | - | €22,338 | €19,000 | €23,600 | €28,050 | ▲ 18.9% |
| Trade debts44 | €37,840 | €11,575 | €26,251 | €14,755 | €15,037 | ▲ 1.9% |
| Suppliers440/4 | - | €11,575 | €26,251 | €14,755 | €15,037 | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | €1,963 | €9,604 | €1,856 | €2,797 | ▲ 50.7% |
| Taxes450/3 | - | €1,963 | €9,573 | €1,665 | €2,694 | ▲ 61.8% |
| Remuneration and social security454/9 | - | - | €31 | €191 | €102 | ▼ 46.6% |
| Other amounts payable47/48 | - | €36,153 | €40,356 | €45,010 | €181,806 | ▲ 304% |
| Accrued charges and deferred income492/3 | - | - | €1,055 | €104 | €1,266 | ▲ 1,122% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,989 | €16,651 | €67,087 | -€28,458 | -€60,157 | ▼ 111% |
| + Depreciation and write-downs630 | €23,078 | €15,886 | €17,637 | €16,670 | €25,235 | ▲ 51.4% |
| Operating cash flow (approximation) | -€27,910 | €32,537 | €84,724 | -€11,788 | -€34,923 | ▼ 196% |
| Investment in fixed assets (approximation) | - | -€57,855 | -€28,051 | -€6,198 | -€108,521 | ▼ 1,651% |
| Change in cash | - | -€386 | €3,304 | -€1,374 | €5,353 | ▲ 490% |
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
2026
24-09
State Gazette act
Appointment: Dylan De Greef (director)2 facts ▸
State Gazette act
Appointment: Dylan De Greef (director)
2 facts ▸
- General meeting, 16-09-2026
- Director appointment, Dylan De Greef (director)
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€60,157
Net result drops to -€60,157, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €67,087 ▲303%
Operating result €90,258, net result €67,087, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16,651
Net result €16,651 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Dylan De Greef
CurrentDirector · since 01-10-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 2016
Ground area
9,225 m²
Building footprint
1,801 m²
Volume, LiDAR
9,899 m³
Parcel 23026A0132/00E005, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CONCEPT NOTTE & WOODLINE CONCEPT
since 20162.252.918.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0132/00E005 | Flanders | 9,225 m² | 1 · 1,801 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Dylan De Greef |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 1 endedInterieurbouwer duaal (so)
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
Show 1 ended approval
Binnenschrijnwerker (so)
Similar companies · same sector, comparable size
Of 618 companies in sector 31002 we hold annual accounts for 348. 2 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
43211General electrical installation work
47551Retail sale of household furniture
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0652632727
Also
9925:BE0652632727
Registered
29-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.