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CRINOLINE

Active
Private limited companyfounded 198640 yrs activeRue Saint-Fiacre(EP) 7, 7134 Binche, BelgiumKBO/BCE: BE 0429.355.850
Summary

The computed 12-month bankruptcy probability of CRINOLINE is 2.5% (moderate). The 2025 annual accounts show negative equity (-€250,499) and a net result of -€142,533. Equity is shrinking by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 21069 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
CRINOLINEActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of fruit and vegetables
NACE 47210Service activities incidental to land transportation NACE 52210Limited-service restaurants NACE 56102
1 site
Size
€145,985turnover 2025
Equity
-€250,499
Loss
-€142,533
Financial health
49 Fair Checked score 2025
Bankruptcy chance 12 m
2.5%
Structure
Accounts 66 d early0 of 2 deeds read
Why 49- Loss of €142,533, the second in a row (FY 2025)- Negative equity -€250,499- Sector Retail trade (NACE 47)+ Size: turnover €145,985, total assets €198,844Show the evidence

Checked score

Score 2025
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 6% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -126.0% of total assets
Liquidity 3=
short-term debt 226.0% · cash 2.7%
Profitability 0=
return on assets -71.7%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,919 companies)
Last 24 months 11-2024: 2.1% 12-2024: 2.1%● 0.0% vs 11-2024 01-2025: 2.0%▼ -1.5% vs 12-2024 02-2025: 2.0%● 0.0% vs 01-2025 03-2025: 2.0%▼ -0.5% vs 02-2025 04-2025: 2.0%▲ +1.5% vs 03-2025 05-2025: 2.1%▲ +0.5% vs 04-2025 06-2025: 2.0%▼ -2.6% vs 05-2025lowest value 07-2025: 2.4%▲ +20.3% vs 06-2025 08-2025: 3.0%▲ +23.2% vs 07-2025 09-2025: 3.1%▲ +5.2% vs 08-2025highest value 10-2025: 2.9%▼ -7.6% vs 09-2025 11-2025: 2.9%● 0.0% vs 10-2025 12-2025: 2.9%● 0.0% vs 11-2025 01-2026: 2.9%▼ -0.9% vs 12-2025 02-2026: 2.9%● 0.0% vs 01-2026 03-2026: 2.8%▼ -1.3% vs 02-2026 04-2026: 2.8%● 0.0% vs 03-2026 05-2026: 2.8%● 0.0% vs 04-2026 06-2026: 2.5%▼ -10.2% vs 05-2026 07-2026: 2.5%● 0.0% vs 06-2026 08-2026: 2.5%● 0.0% vs 07-2026 09-2026: 2.5%● 0.0% vs 08-2026 10-2026: 2.5%● 0.0% vs 09-2026
  • Loss of €142,533, the second in a row (FY 2025) raises the probability
  • Size: turnover €145,985, total assets €198,844 lowers the probability for this profile
  • Negative equity -€250,499 raises the probability
  • Sector Retail trade (NACE 47) raises the probability
No credit on open account
Liquidity short (current ratio 0.05 against 0.08 in 2024; short-term debt: 226% and cash: 2.7% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 6%, profitability 6%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €142,533, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €145,985, total assets €198,844
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€250,499
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€250,499
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 d early
2024
29 d late
2023
13 d late
2022
31 d late
2021
24 d late
2020
18 d late
2019
32 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

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. Usually files around 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€142,533
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€250,499 View
  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€142,533 View
  • Caution: Equity fell in 2025from -€107,966 to -€250,499 ▼ 132% View
  • Caution: Among the weakest 5% on net resultsector median €5,049 · 21,046 companies -€142,533 View

By topic

Financials

Fiscal year
2025
Turnover
€145,985
Loss
-€142,533
Solvency
-126.0%
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 26-05-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 29-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of fruit and vegetablesNACE 47210
Founded
28-08-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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