Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Of this, €32,205 falls due within a year.
Lower solvency than 90% of companies in retail trade. Sector median 36.6% · 12,862 companies.
In July 2024, 7,639 companies had the same profile as Côté Mer has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 7,639 companies, not a prediction for Côté Mer. 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.
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| Company | ||||
|---|---|---|---|---|
| Côté Mer Namur | €140,043 | €100 | -15.7% | - |
| NORD SUD Anderlecht | €85,149 | -€12,665 | -32.3% | - |
| VISHANDEL NELLIS Bruges | €69,223 | -€1,853 | 6.8% | - |
| FROZEN FISH Molenbeek-Saint-Jean | €42,846 | -€1,691 | -4.4% | - |
| MARCHIKA MED Anderlecht | €77,671 | €2,328 | 64.6% | - |
| DELIFISH SHOP Vilvoorde | €24,201 | -€5,159 | -65.0% | - |
| H&R SEA FOOD Forest | €43,281 | €4,214 | 3.9% | - |
These companies have the same main activity as Côté Mer: retail trade (NACE 47230). They are comparable in size and age: total assets between €24,200 and €85,100, founded between 2021 and 2025.
The 2025 annual accounts show negative equity (-€22,021) and a net result of -€25,021. Its solvency ranks better than 10% of 12,862 sector peers (NACE 47, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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