DENIM PLUS

Active

Private limited companyfounded 201610 yrs activeNapoleonkaai 11, 2000 Antwerpen, BelgiumKBO/BCE: BE 0655.885.888

DENIM PLUS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.76M and a net result of €1.02M. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

94 / 100

Excellent▲ +5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+45

Solvency78▼-5

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €170k at 30 days acceptable

Liquidity ample (current ratio 1.91 against 2.27 in 2024), but 62.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

37.1%

Return on assets

21.5%

Age of the figures

8 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

23 d early

2024

41 d early

2023

42 d early

2022

26 d early

2021

122 d early

2020

60 d early

2019

44 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€1.76M▲ 39.0%

2024 · €1.27M

2018: €563k 2019: €1.29M 2020: €988k 2021: €1.13M 2022: €992k 2023: €1.13M 2024: €1.27M

2018 → 2025

Total assets

€4.75M▲ 48.6%

2024 · €3.20M

2018: €1.65M 2019: €2.55M 2020: €2.14M 2021: €1.24M 2022: €1.00M 2023: €1.88M 2024: €3.20M

2018 → 2025

Net result

€1.02M▲ 638%

2024 · €139k

2018: €533k 2019: €1.05M 2020: €446k 2021: €143k 2022: €-138k 2023: €136k 2024: €139k

2018 → 2025

Working capital

€2.26M▲ 26.3%

2024 · €1.79M

2018: €564k 2019: €1.63M 2020: €1.02M 2021: €1.13M 2022: €994k 2023: €1.25M 2024: €1.79M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1.13M-€992k▼ 12.2%€1.13M▲ 13.7%€1.27M▲ 12.3%€1.76M▲ 39.0%

Operating result€182k-€-177k€130k€217k▲ 67.5%€1.50M▲ 591%

Net result€143k-€-138k€136k€139k▲ 1.7%€1.02M▲ 638%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 591% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.75M

99.8%

Fixed assets €9k▼ 6.6%

Current assets €4.75M▲ 48.8%

Equity and liabilities €4.75M

37.1%

62.9%

Equity €1.76M▲ 39.0%

Debt €2.99M▲ 54.9%

The debt ratio rises from 60.4% to 62.9%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.50M▲

2024 · €218k

Cash flow

€1.03M▲

2024 · €140k

Solvency

37.1%▼

2024 · 39.6%

Current ratio

1.91▼

2024 · 2.27

Quick ratio

1.53▼

2024 · 2.07

Debt / equity

1.70▲

2024 · 1.52

ROE

58.1%▲

2024 · 10.9%

ROA

21.5%▲

2024 · 4.3%

Interest coverage

4.99▲

2024 · 1.95

Debt

€2.99M▲

2024 · €1.93M

Debt ≤ 1 year

€2.49M▲

2024 · €1.40M

Income taxes

€344k▲

2024 · €46k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€3.20M€4.75M▲

Fixed assets21/28€10k€9k▼

Tangible fixed assets22/27€10k€9k▼

Plant, machinery and equipment23€10k€9k▼

Current assets29/58€3.19M€4.75M▲

Stocks and contracts in progress3€288k€945k▲

Stocks30/36€288k€945k▲

Amounts receivable within one year40/41€1.99M€3.14M▲

Trade receivables40€1.69M€2.83M▲

Other amounts receivable41€298k€309k▲

Cash at bank and in hand54/58€722k€538k▼

Deferred charges and accrued income490/1€191k€120k▼

Equity and liabilities

Total equity and liabilities10/49€3.20M€4.75M▲

Equity10/15€1.27M€1.76M▲

Contributions10/11€19k€19k=

Reserves13€1.25M€1.74M▲

Distributable reserves133€1.25M€1.74M▲

Profit (loss) carried forward14-€0

Amounts payable17/49€1.93M€2.99M▲

Amounts payable within one year42/48€1.40M€2.49M▲

Financial debts43€509€817k▲

Credit institutions430/8€509€817k▲

Trade debts44€1.03M€314k▼

Suppliers440/4€1.03M€314k▼

Advances received on contracts in progress46€37k€116k▲

Taxes, remuneration and social security45-€58k

Taxes450/3-€58k

Other amounts payable47/48€331k€1.18M▲

Accrued charges and deferred income492/3€529k€505k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€940€5k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€2k▼

Other operating charges640/8€3k€16k▲

Gross operating margin9900€226k€1.52M▲

Operating profit (loss)9901€217k€1.50M▲

Financial income75/76B€80k€170k▲

Recurring financial income75€80k€170k▲

Financial charges65/66B€112k€302k▲

Recurring financial charges65€112k€302k▲

Profit (loss) for the period before taxes9903€185k€1.37M▲

Income taxes67/77€46k€344k▲

Profit (loss) for the period9904€139k€1.02M▲

Profit (loss) for the period to be appropriated9905€139k€1.02M▲

Appropriation of the result

Profit (loss) to be appropriated9906€139k€1.02M▲

Transfer from equity791/2-€530k

Transfer to equity691/2€139k€1.02M▲

To other reserves6921€139k€1.02M▲

Profit to be distributed694/7-€530k

Return on contributions (dividend)694-€530k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 8Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

20-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

19-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €136k

Net result €136k after one loss-making year.

31-12

Financial Equity above €1MEq €1.13M ▲13.7%

Equity rises from €992k to €1.13M.

05-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €-138k ▼197%

Net result drops to €-138k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity times 14current ratio 157.67

Current ratio from 11.58 to 157.67; short-term debt falls from €107k to €6k.

31-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Liquidity times 6current ratio 11.58

Current ratio from 1.91 to 11.58; short-term debt falls from €1.12M to €107k.

31-12

Financial Equity above €1MEq €1.13M ▲14.4%

4 profitable years in a row build equity to €1.13M.

01-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

17-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Highest result since 2018net €1.05M ▲96.8%

Operating result €1.52M, net result €1.05M, both a record.

31-12

Financial Equity above €1MEq €1.29M ▲130%

2 profitable years in a row build equity to €1.29M.

13-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

23-01

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Antwerpen · 2 establishment units since 2016

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Napoleonkaai 112000 Antwerpen

Ground area

8.9 ha

Building footprint

4,454 m²

Volume, LiDAR

15,649 m³

2 parcels, Flanders · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.

2 establishment units

PLUS SPORT

Napoleonkaai 11, 2000 AntwerpenAgents in the wholesale of textiles, clothing, fur, footwear and leather goods

since 20162.254.809.639

Metropoolstraat 9D, 2900 Schoten

Agents in the wholesale of textiles, clothing, fur, footwear and leather goods

since 20242.356.995.872

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11443C0521/00H003	Flanders	8.4 ha	1 · 3,982 m²	6.7 m
11802B0045/00C005 ProtectedMonumentCommissariaat Politie Havenafdeling: gevels en bedakingSource ↗	Flanders	4,448 m²	1 · 473 m²	22.7 m · 7 fl.