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Complete company report
Generated 04-09-2026
Active BE 0861.326.544Private limited company

D.SECTION

Solvijnslaan 10 ·2960 Brecht, Belgium· 22 yrs active
Sector: Retail sale of clothing and accessories for women, men, children and babies (general range) (47716)
Conclusion Checked

D.SECTION has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €46. Equity is growing by ~67.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-9k
Net result €46
Better than sector 5%
Active 22 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency33Growth78Stability100
42 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 33
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.0% Low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2003, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2025 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
10 2023
16 2024
0 2025
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 0.20 (< 1.0) -10
Quick ratio Quick ratio 0.20 (< 0.6) -5
Equity Negative equity -25
Profitability Negatieve ROE -1% -10
Profit trend Net profit down YoY -3
Equity growth Equity growing YoY +3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview22 NBB filings
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
€-10k€0€10kOperating result 2023: €-9k€-9kNet result 2023: €-9k€-9kOperating result 2024: €13k€13kNet result 2024: €12k€12kOperating result 2025: €1k€1kNet result 2025: €46€46202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Net result: growth of ~50.3%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-10k€0€10k2026: €5k (€5k - €5k)2027: €9k (€9k - €9k)2028: €14k (€14k - €14k)2023: €-9k2024: €12k2025: €46202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -405.7% 21.2%
better than 5% of 480 sector peers
Net result €46 €32k
better than 28% of 478 sector peers
Equity €-9k €163k
better than 17% of 480 sector peers
Gross operating margin €3k €281k
better than 7% of 480 sector peers
Total assets €2k €900k
better than 5% of 480 sector peers
EBITDA
€20k
- 23-25
Net profit
€46
-99.6% 23-25
Cash flow
€19k
- 23-25
Total assets
€2k
+14.6% 23-25
Equity
€-9k
+0.5% 23-25
Working capital
€-9k
+0.5% 23-25
Income taxes
€1k
+259.7% 23-25
Debt
€11k
+2.1% 23-25
Debt ≤ 1y
€11k
+2.1% 23-25
Current ratio
0.20
+12.2% 23-25
Quick ratio
0.20
+12.2% 23-25
Solvency
-405.7%
+13.2% 23-25
Debt / equity
-1.25
-2.7% 23-25
ROE
-0.5%
+99.6% 23-25
ROA
2.1%
-99.7% 23-25
Interest coverage
166.65
- 23-25
Figures by fiscal year and ratios
Fiscal year202520242023
Depositabbreviated schemamicro schemamicro schema
Revenue---
EBITDA-€20k€-1k
Net profit€46€12k€-9k
Cash flow-€19k€-2k
Staff costs---
Income taxes€1k€341€376
Dividends---
Total assets€2k€2k€7k
Equity€-9k€-9k€-21k
Debt€11k€11k€28k
of which ≤ 1y€11k€11k€28k
of which > 1y---
Working capital€-9k€-9k€-28k
Employees (FTE)---
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
202520242023
Current ratio0.200.180.00
Quick ratio0.200.180.00
Working capital ratio-405.7%-467.4%-389.3%
Solvency-405.7%-467.4%-290.4%
Debt / equity-1.25-1.21-1.34
Long-term debt ratio---
Interest coverage-166.65-3.38
Gross margin---
Net margin---
ROA2.1%626.9%-127.8%
ROE-0.5%-134.1%44.0%
EBITDA margin---
Days sales outstanding---
Days payable outstanding---
Inventory turnover---
Days inventory (DSI)---
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code202520242023
Balance sheet, Assets
TOTAL ASSETS 20/58€2k€2k€7k
Fixed assets 21/28--€7k
Tangible fixed assets 22/27--€7k
Current assets 29/58€2k€2k€82
Amounts receivable within one year 40/41€1k€678€67
Cash & bank 54/58€959€1k€15
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2k€2k€7k
Equity 10/15€-9k€-9k€-21k
Contributions / capital 10/11€19k€19k€19k
Accumulated profits (losses) 14€-28k€-28k€-40k
Amounts payable 17/49€11k€11k€28k
Amounts payable within one year 42/48€11k€11k€28k
Trade debts payable within one year 44€400-€437
Income statement
Gross operating margin 9900€3k€21k€-89
Operating result 9901€1k€13k€-9k
Financial income 75€0€0-
Financial charges 65€183€118€394
Result before taxes 9903€1k€12k€-9k
Income taxes 67/77€1k€341€376
Net result for the period 9904€46€12k€-9k
Result to be appropriated 9905€46€12k€-9k
Directors & mandates 1 directors
Current directors & mandates
  • Frederik VAN IMPE
    Director
    State Gazette act 26310977 (16-02-2026)
    Current
    16-02-2026 → present
Legal Structure
NACE primary Retail sale of clothing and accessories for women, men, children and babies (general range)(47716)
Legal form Private limited company(610)
Incorporation28-10-2003
StatusActive
Postal code2960
Establishment units 1 location
D.SECTION
Solvijnslaan 10, 2960 BrechtNACE 52421
since 20032.134.022.764
Real-estate footprint Source: CBE × cadastre
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11009M0079/00H000 Flanders 2,001 m² 1 · 276 m² 12.1 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events
Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
16-02
State Gazette act Director changes
v3.2
2025
26-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
09-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
01-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 32 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 6 months ago
2026
16-02-2026 Frederik VAN IMPE reappointed as director Director changes
  • Frederik VAN IMPE, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Frederik VAN IMPE",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "De algemene vergadering besluit de huidige zaakvoerder, hierna vermeld, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutaire bestuurder voor een onbepaalde duur, zijnde : - de heer Frederik VAN IMPE, geboren te Dendermonde op 28 september 1978, wonend",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0861.326.544",
    "name_full": "D.SECTION",
    "legal_form": "BVBA"
  }
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Retail sale of clothing and accessories for women, men, children and babies (general range)47716Agents in the wholesale of textiles, clothing, fur, footwear and leather goods4616052421
Names & trade names
Legal nameNL D.SECTION
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative