CONTESSE
ActiveSummary
CONTESSE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €303,974 and a net result of -€205,380. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-12
Solvency61▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.78 in 2023; short-term debt: 64% and cash: 17.6% of total assets), but 64% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
36%
Return on assets
-24.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€205,380
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
15 d early
2022
on the day
2021
34 d early
2020
18 d early
2019
14 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 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€303,974▼ 40.3%
2023 · €509,354
Total assets
€844,541▼ 26.6%
2023 · €1.2m
Net result
-€205,380▼ 245%
2023 · -€59,491
Working capital
€296,512▼ 40.9%
2023 · €501,893
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€188,700▲ 59.1%€61,363▼ 67.5%-€215,623-€53,058▲ 75.4%-€147,133▼ 177%
Net result€144,669▲ 24.9%€47,664▼ 67.1%-€145,595-€59,491▲ 59.1%-€205,380▼ 245%
Equity€666,775▲ 27.7%€714,440▲ 7.1%€568,845▼ 20.4%€509,354▼ 10.5%€303,974▼ 40.3%
Total assets€1.7m▼ 30.1%€1.2m▼ 27.9%€1.3m▲ 8.8%€1.2m▼ 12.8%€844,541▼ 26.6%
Debt€1.0m▼ 46.1%€497,798▼ 50.9%€750,012▲ 50.7%€640,815▼ 14.6%€540,567▼ 15.6%
Working capital€657,456▲ 28.5%€721,317▲ 9.7%€560,910▼ 22.2%€501,893▼ 10.5%€296,512▼ 40.9%
Staff (FTE)2▲ 11.1%1.8▼ 10.0%1.8=1.8=1.8=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €147,133 in 2024 against €53,058 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €844,541
Fixed assets
€7,461 =
Current assets
€837,080 ▼ 26.7%
Equity and liabilities €844,541
Equity
€303,974 ▼ 40.3%
Debt
€540,567 ▼ 15.6%
Debt's share of the balance-sheet total rises from 55.7% to 64.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€147,133▼
2023 · -€52,586
Cash flow
-€205,380▼
2023 · -€59,018
Current ratio
1.55▼
2023 · 1.78
Quick ratio
0.58▼
2023 · 0.71
Debt to equity
1.78▲
2023 · 1.26
ROE
-67.6%▼
2023 · -11.7%
ROA
-24.3%▼
2023 · -5.2%
Interest coverage
-2.54▲
2023 · -4.00
Debt ≤ 1 year
€540,567▼
2023 · €640,815
Income taxes
€248▼
2023 · €252
Staff costs
€115,657▲
2023 · €115,460
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,541 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €100,686 | €100,706 | €115,460 | €115,657 | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,345 | €901 | €485 | €473 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1,429 | €0 | - | -€18,176 | - |
| Other operating charges640/8 | - | €4,242 | €17,579 | €13,783 | €26,427 | ▲ 91.7% |
| Gross operating margin9900 | €366,390 | €165,762 | -€96,853 | €76,657 | -€23,225 | ▼ 130% |
| Operating profit (loss)9901 | €188,700 | €61,363 | -€215,623 | -€53,058 | -€147,133 | ▼ 177% |
| Financial income75/76B | - | €10,384 | €81,195 | €6,957 | €0 | ▼ 100.0% |
| Recurring financial income75 | €700 | €1,116 | €81,195 | €6,957 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | - | €9,268 | €0 | - | - | - |
| Financial charges65/66B | - | €7,412 | €10,890 | €13,138 | €58,000 | ▲ 341% |
| Recurring financial charges65 | €3,471 | €7,412 | €9,453 | €13,138 | €58,000 | ▲ 341% |
| Non-recurring financial charges66B | - | €0 | €1,437 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €179,278 | €64,335 | -€145,318 | -€59,239 | -€205,133 | ▼ 246% |
| Income taxes67/77 | €34,609 | €16,671 | €277 | €252 | €248 | ▼ 1.7% |
| Profit (loss) for the period9904 | €144,669 | €47,664 | -€145,595 | -€59,491 | -€205,380 | ▼ 245% |
| Profit (loss) for the period to be appropriated9905 | €144,669 | €47,664 | -€145,595 | -€59,491 | -€205,380 | ▼ 245% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.2m | €1.3m | €1.2m | €844,541 | ▼ 26.6% |
| Fixed assets21/28 | €9,320 | €8,419 | €7,934 | €7,461 | €7,461 | = |
| Tangible fixed assets22/27 | €1,858 | €958 | €473 | €0 | - | - |
| Plant, machinery and equipment23 | - | €12 | €0 | - | - | - |
| Furniture and vehicles24 | - | €946 | €473 | €0 | - | - |
| Financial fixed assets28 | €7,461 | €7,461 | €7,461 | €7,461 | €7,461 | = |
| Current assets29/58 | €1.7m | €1.2m | €1.3m | €1.1m | €837,080 | ▼ 26.7% |
| Stocks and contracts in progress3 | €681,716 | €737,325 | €695,571 | €684,684 | €523,125 | ▼ 23.6% |
| Stocks30/36 | - | €737,325 | €695,571 | €684,684 | €523,125 | ▼ 23.6% |
| Amounts receivable within one year40/41 | €811,468 | €295,528 | €410,090 | €356,508 | €164,960 | ▼ 53.7% |
| Trade receivables40 | - | €245,986 | €361,874 | €317,287 | €141,789 | ▼ 55.3% |
| Other amounts receivable41 | - | €49,542 | €48,217 | €39,221 | €23,170 | ▼ 40.9% |
| Cash at bank and in hand54/58 | €178,338 | €158,518 | €205,261 | €101,004 | €148,995 | ▲ 47.5% |
| Deferred charges and accrued income490/1 | - | €12,447 | €0 | €512 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.2m | €1.3m | €1.2m | €844,541 | ▼ 26.6% |
| Equity10/15 | €666,775 | €714,440 | €568,845 | €509,354 | €303,974 | ▼ 40.3% |
| Contributions10/11 | €184,800 | €184,800 | €184,800 | €184,800 | €184,800 | = |
| Capital10 | - | €184,800 | €184,800 | €184,800 | €184,800 | = |
| Issued capital100 | - | €184,800 | €184,800 | €184,800 | €184,800 | = |
| Reserves13 | €18,480 | €529,640 | €384,045 | €324,554 | €119,174 | ▼ 63.3% |
| Non-distributable reserves130/1 | - | €18,480 | €18,480 | €18,480 | €18,480 | = |
| Legal reserve130 | - | €18,480 | €18,480 | €18,480 | €18,480 | = |
| Distributable reserves133 | - | €511,160 | €365,565 | €306,074 | €100,694 | ▼ 67.1% |
| Profit (loss) carried forward14 | €463,495 | €0 | - | - | - | - |
| Amounts payable17/49 | €1.0m | €497,798 | €750,012 | €640,815 | €540,567 | ▼ 15.6% |
| Amounts payable within one year42/48 | €1.0m | €482,502 | €750,012 | €640,815 | €540,567 | ▼ 15.6% |
| Financial debts43 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Credit institutions430/8 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Trade debts44 | €652,915 | €120,372 | €362,307 | €252,898 | €165,377 | ▼ 34.6% |
| Suppliers440/4 | - | €120,372 | €362,307 | €252,898 | €165,377 | ▼ 34.6% |
| Taxes, remuneration and social security45 | - | €12,129 | €37,705 | €37,916 | €25,190 | ▼ 33.6% |
| Taxes450/3 | - | €43 | €20,774 | €19,095 | €7,492 | ▼ 60.8% |
| Remuneration and social security454/9 | - | €12,087 | €16,931 | €18,821 | €17,698 | ▼ 6.0% |
| Accrued charges and deferred income492/3 | - | €15,297 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144,669 | €47,664 | -€145,595 | -€59,491 | -€205,380 | ▼ 245% |
| + Depreciation and write-downs630 | €1,345 | €901 | €485 | €473 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €146,014 | €48,565 | -€145,110 | -€59,018 | -€205,380 | ▼ 248% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | -€19,820 | €46,743 | -€104,257 | €47,991 | ▲ 146% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€205,380
Net result drops to -€205,380, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €144,669 ▲24.9%
Operating result €188,700, net result €144,669, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €522,107 ▲28.5%
2 profitable years in a row build equity to €522,107.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Gent · 1 establishment unit since 2008
Ground area
794 m²
Building footprint
299 m²
Volume, LiDAR
4,829 m³
Parcel 44815F2048/00V002, Flanders · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
132
companies at this address
See who is registered here
1 establishment unit
CONTESSE
since 20082.172.289.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2048/00V002 | Flanders | 794 m² | 1 · 299 m² | 18.5 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
54930042TX2FYNYR4G89
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Of 1,135 companies in sector 46130 we hold annual accounts for 646. 479 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
46835Wholesale trade
46839Wholesale trade
47559Retail sale of other household articles
Scores and ratios are computed by Checked and are not a credit decision.