CRINOLINE
ActiveSummary
CRINOLINE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. 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 9% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
What they do
Retail sale of fruit and vegetables
NACE 47210Service activities incidental to land transportation NACE 52210Limited-service restaurants NACE 56102
1 site
How big
€145,985turnover 2025
- Equity
- -€250,499
- Loss
- -€142,533
Who decides
Accounts 66 d early0 of 2 deeds read
Why 25- Annual accounts: weaker financial profile- Higher-failure-rate sector- Higher-failure-rate region- Negative equity+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 2025Solvency, return and age of the figures
Solvency
-126%
Return on assets
-71.7%
Age of the figures
9 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity 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 filingsDeviation 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 monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€142,533
- Annual accounts filedfiscal year 2024 · full…
Financials
Fiscal year 2025Turnover €145,985Loss -€142,533Solvency -126.0%Liquidity 0.05
Turnover
€145,985
2025
Net result
-€142,533▼ 34.4%
2018 - 2025
Equity
-€250,499▼ 132%
2018 - 2025
Staff (FTE)
18
2018 - 2022
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€145,985
Operating result-€74,586-€23,024▲ 69.1%-€63,912▼ 178%-€103,817▼ 62.4%-€140,842▼ 35.7%
Net result-€74,621below the sector's middle half-€23,626below the sector's middle half▲ 68.3%-€64,527below the sector's middle half▼ 173%-€106,066below the sector's middle half▼ 64.4%-€142,533below the sector's middle half▼ 34.4%
EBIT margin-96.5%
Equity€86,245within the sector's middle half▼ 46.4%€62,627within the sector's middle half▼ 27.4%-€1,900below the sector's middle half-€107,966below the sector's middle half▼ 5,583%-€250,499below the sector's middle half▼ 132%
Total assets€97,279below the sector's middle half▼ 49.1%€267,025below the sector's middle half▲ 174%€274,317below the sector's middle half▲ 2.7%€234,988below the sector's middle half▼ 14.3%€198,844within the sector's middle half▼ 15.4%
Debt€11,035▼ 63.6%€204,398▲ 1,752%€276,217▲ 35.1%€342,954▲ 24.2%€449,343▲ 31.0%
Working capital€36,596within the sector's middle half▼ 77.2%-€167,142below the sector's middle half-€240,214below the sector's middle half▼ 43.7%-€315,298below the sector's middle half▼ 31.3%-€426,482below the sector's middle half▼ 35.3%
Solvency88.7%above the sector's middle half▲ 4.5pp23.5%within the sector's middle half▼ 65.2pp-0.7%below the sector's middle half▼ 24.1pp-45.9%below the sector's middle half▼ 45.3pp-126.0%below the sector's middle half▼ 80.0pp
Current ratio4.32above the sector's middle half▼ 1.990.18below the sector's middle half▼ 4.130.13below the sector's middle half▼ 0.050.08below the sector's middle half▼ 0.050.05below the sector's middle half▼ 0.03
Return on assets (ROA)-76.7%below the sector's middle half▼ 84.0pp-8.8%below the sector's middle half▲ 67.9pp-23.5%below the sector's middle half▼ 14.7pp-45.1%below the sector's middle half▼ 21.6pp-71.7%below the sector's middle half▼ 26.5pp
Staff (FTE)0below the sector's middle half▼ 100%18above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €140,842 in 2025 against €103,817 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198,844
Fixed assets
€175,983 ▼ 15.1%
Current assets
€22,861 ▼ 17.3%
Equity and liabilities
Equity-€250,499
Debt€449,343
Equity is negative: debt (€449,343) exceeds the balance-sheet total (€198,844).
Key figures and ratios
Key figures and ratios
EBITDA
-€109,492▼
2024 · -€72,510
Cash flow
-€111,184▼
2024 · -€74,759
Quick ratio
0.02▼
2024 · 0.03
Interest coverage
-64.73▼
2024 · -38.96
Debt ≤ 1 year
€449,343▲
2024 · €342,954
Staff costs
€46,726▲
2024 · €24,283
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,621 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €145,985 | - |
| Non-recurring operating income76A | €1,125 | - | - | €4,038 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €77,698 | - | - | - | €206,087 | - |
| Remuneration, social security and pensions62 | - | €54,963 | €25,197 | €24,283 | €46,726 | ▲ 92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €280 | €14,998 | €28,664 | €31,307 | €31,350 | ▲ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,443 | - | - |
| Other operating charges640/8 | €1,628 | €3,114 | €3,607 | - | €2,702 | - |
| Non-recurring operating charges66A | €1 | €29 | - | €12,402 | €20 | ▼ 99.8% |
| Gross operating margin9900 | -€72,677 | €50,080 | -€6,444 | -€33,382 | -€60,045 | ▼ 79.9% |
| Operating profit (loss)9901 | -€74,586 | -€23,024 | -€63,912 | -€103,817 | -€140,842 | ▼ 35.7% |
| Financial income75/76B | - | €15 | - | - | - | - |
| Recurring financial income75 | - | €15 | - | - | - | - |
| Financial charges65/66B | €35 | €617 | €203 | €1,861 | €1,692 | ▼ 9.1% |
| Recurring financial charges65 | €35 | €617 | €203 | €1,861 | €1,692 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | -€74,621 | -€23,626 | -€64,115 | -€105,678 | -€142,533 | ▼ 34.9% |
| Income taxes67/77 | - | - | €412 | €387 | - | - |
| Profit (loss) for the period9904 | -€74,621 | -€23,626 | -€64,527 | -€106,066 | -€142,533 | ▼ 34.4% |
| Profit (loss) for the period to be appropriated9905 | -€74,621 | -€23,626 | -€64,527 | -€106,066 | -€142,533 | ▼ 34.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,279 | €267,025 | €274,317 | €234,988 | €198,844 | ▼ 15.4% |
| Fixed assets21/28 | €49,649 | €229,769 | €238,315 | €207,332 | €175,983 | ▼ 15.1% |
| Tangible fixed assets22/27 | €49,619 | €229,489 | €238,035 | €207,053 | €175,703 | ▼ 15.1% |
| Plant, machinery and equipment23 | - | €216,035 | €227,582 | €199,613 | €171,371 | ▼ 14.1% |
| Furniture and vehicles24 | €1,119 | €13,454 | €10,453 | €7,440 | €4,333 | ▼ 41.8% |
| Assets under construction and advance payments27 | €48,500 | - | - | - | - | - |
| Financial fixed assets28 | €30 | €280 | €280 | €280 | €280 | = |
| Current assets29/58 | €47,630 | €37,256 | €36,002 | €27,656 | €22,861 | ▼ 17.3% |
| Stocks and contracts in progress3 | - | €17,738 | €19,127 | €16,446 | €14,801 | ▼ 10.0% |
| Stocks30/36 | - | €17,738 | €19,127 | €16,446 | €14,801 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €38,676 | €13,950 | €10,459 | €5,812 | €2,605 | ▼ 55.2% |
| Trade receivables40 | - | €2,011 | - | €555 | €773 | ▲ 39.4% |
| Other amounts receivable41 | €38,676 | €11,939 | €10,459 | €5,257 | €1,832 | ▼ 65.2% |
| Current investments50/53 | €5 | €5 | €5 | €5 | €5 | = |
| Cash at bank and in hand54/58 | €8,949 | €5,563 | €6,411 | €5,393 | €5,450 | ▲ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,279 | €267,025 | €274,317 | €234,988 | €198,844 | ▼ 15.4% |
| Equity10/15 | €86,245 | €62,627 | -€1,900 | -€107,966 | -€250,499 | ▼ 132% |
| Contributions10/11 | €18,592 | €20,459 | €20,459 | €20,459 | €20,459 | = |
| Capital10 | €18,592 | - | - | - | - | - |
| Issued capital100 | €18,592 | - | - | - | - | - |
| Reserves13 | €1,859 | - | - | - | - | - |
| Non-distributable reserves130/1 | €1,859 | - | - | - | - | - |
| Legal reserve130 | €1,859 | - | - | - | - | - |
| Profit (loss) carried forward14 | €65,794 | €42,168 | -€22,359 | -€128,425 | -€270,958 | ▼ 111% |
| Amounts payable17/49 | €11,035 | €204,398 | €276,217 | €342,954 | €449,343 | ▲ 31.0% |
| Amounts payable within one year42/48 | €11,035 | €204,398 | €276,217 | €342,954 | €449,343 | ▲ 31.0% |
| Trade debts44 | €4,638 | €25,319 | €6,440 | €30,386 | €5,959 | ▼ 80.4% |
| Suppliers440/4 | €4,638 | €25,319 | €6,440 | €30,386 | €5,959 | ▼ 80.4% |
| Taxes, remuneration and social security45 | €6,053 | €12,762 | €5,624 | €2,643 | €13,011 | ▲ 392% |
| Taxes450/3 | €6,053 | €721 | €1,398 | €1,398 | - | - |
| Remuneration and social security454/9 | - | €12,041 | €4,227 | €1,246 | €13,011 | ▲ 944% |
| Other amounts payable47/48 | €344 | €166,317 | €264,152 | €309,925 | €430,372 | ▲ 38.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€74,621 | -€23,626 | -€64,527 | -€106,066 | -€142,533 | ▼ 34.4% |
| + Depreciation and write-downs630 | €280 | €14,998 | €28,664 | €31,307 | €31,350 | ▲ 0.1% |
| Operating cash flow (approximation) | -€74,341 | -€8,628 | -€35,863 | -€74,759 | -€111,184 | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | -€195,118 | -€37,210 | -€325 | €0 | ▲ 100% |
| Change in cash | - | -€3,385 | €848 | -€1,018 | €57 | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,820 companies in this sector we hold annual accounts for 965. See the whole sector
Timeline
14 eventsLatest 26-05-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€142,533
Net result drops to -€142,533, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €13,888 ▲715%
Operating result €20,289, net result €13,888, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.31
Current ratio from 2.61 to 6.31; short-term debt falls from €141,729 to €30,301.
31-12
Financial
Equity above €150,000Eq €160,866 ▲9.4%
3 profitable years in a row build equity to €160,866.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Support & recognitions
1 register with a recognitionFASFC 1 site
FASFC
1
authorised site
Recognitions · licences · registrations
Food safety, FASFC
1 siteBincheunit no. 2.035.447.604
Company details
Private limited company · founded 28-08-1986Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded28-08-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429355850
Also
9925:BE0429355850
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Binche · 1 establishment unit since 1986
Ground area
1,193 m²
Building footprint
292 m²
Volume, LiDAR
1,978 m³
2 parcels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Tea room
since 1986unit no. 2.035.447.604
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56020A0015/00R000 | Wallonia | 999 m² | 1 · 202 m² | 6.5 m · 1 fl. |
| 56011B0433/00K000 | Wallonia | 194 m² | 1 · 90 m² | 13.2 m · 4 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.
Go further with this company
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