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DIFFUSION ET MANAGEMENT

Active
Public limited company·Detailhandel in schoeisel· 10 yrs active
Rue du Vivier 122 ·6600 Bastogne, Belgium
KBO/BCE: BE 0647.819.745
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Age10 yrs
Board2
Staff (FTE)14.7
Connections8
Real estate4 parcels · 1.9 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DIFFUSION ET MANAGEMENT is 2.0% (moderate). The 2025 annual accounts show equity of €356k and a net result of €-113k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 242 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.0% Moderate
0%0,5%1,5%4%10%≥25%
Multiple establishment units +Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 18-08-2025, 13 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-01-2026 and is due by 31-08-2026. Nothing is late today.
How we compute the deadline
The year end is derived from 9 filed financial years, each closing on 31-01. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-01-2025, that is 31-08-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-01-2025 31-08-2025 18-08-2025 13 d early 2025-00379292
31-01-2024 31-08-2024 01-08-2024 30 d early 2024-00318559
31-01-2023 31-08-2023 28-09-2023 28 d late 2023-00456755
31-01-2022 31-08-2022 29-09-2022 29 d late 2022-20439834
31-01-2021 31-08-2021 30-09-2021 30 d late 2021-70100578
31-01-2020 31-08-2020 30-10-2020 60 d late 2020-66600041
31-01-2019 31-08-2019 18-07-2019 44 d early 2019-34600445
31-01-2018 31-08-2018 28-08-2018 3 d early 2018-52400411
31-01-2017 31-08-2017 30-08-2017 1 d early 2017-58900361

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2016, 10 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 Flags

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.

Financials

Turnover€2.27M
EBIT margin-3.2%
Net result€-113k-12.4%
Working capital€69k-77.2%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 18-08-2025 with the NBB · fiscal year 2025 · volledig
€-1.00M€0€1.00M€2.00MOperating result 2021: €-94k€-94kNet result 2021: €-194k€-194kOperating result 2022: €48k€48kNet result 2022: €12k€12kOperating result 2023: €44k€44kNet result 2023: €7k€7kOperating result 2024: €-55k€-55kNet result 2024: €-101k€-101kRevenue 2025: €2.27M€2.27MOperating result 2025: €-72k€-72kNet result 2025: €-113k€-113k20212022202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k€800k2026: €451k (€301k - €601k)2027: €463k (€222k - €703k)2028: €475k (€144k - €805k)2019: €398k2020: €380k2021: €256k2022: €268k2023: €570k2024: €469k2025: €356k2019202020212022202320242025202620272028
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 (full schema)
Metric This company Sector median Position in the sector
Solvency 26.1% 13.8%
better than 67% of 242 sector peers
Net result €-113k €19k
better than 14% of 242 sector peers
Equity €356k €94k
better than 73% of 242 sector peers
Gross operating margin €507k €319k
better than 68% of 214 sector peers
Staff costs €586k €279k
higher than 73% of 214 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P67
2020: P53 · n=4322021: P48 · n=5782022: P45 · n=7262023: P65 · n=8012024: P67 · n=8662025: P67 · n=2422020 2025
Improving position over 2020-2025 · n=242-866
Net result P14
2020: P22 · n=4332021: P9 · n=5782022: P51 · n=7232023: P46 · n=7972024: P12 · n=8672025: P14 · n=2422020 2025
Stable position over 2020-2025 · n=242-867
Equity P73
2020: P65 · n=4332021: P63 · n=5802022: P70 · n=7272023: P83 · n=8022024: P80 · n=8682025: P73 · n=2422020 2025
Improving position over 2020-2025 · n=242-868
Gross operating margin P68
2020: P84 · n=3572021: P75 · n=4902022: P86 · n=6412023: P90 · n=7222024: P83 · n=7942025: P68 · n=2142020 2025
Stable position over 2020-2025 · n=214-794
Describes the position versus peers, not a forecast.
Revenue
€2.27M
- 19-25
EBITDA
€-7k
- 19-25
Net profit
€-113k
-12.4% 19-25
Cash flow
€-49k
-40.4% 19-25
Total assets
€1.36M
-11.3% 19-25
Equity
€356k
-24.2% 19-25
Working capital
€69k
-77.2% 19-25
Employees (FTE)
15
-16.9% 19-25
Staff costs
€586k
+4.4% 19-25
Income taxes
€175
-74.9% 19-25
Debt
€1.01M
-5.6% 19-25
Debt ≤ 1y
€530k
+26.7% 19-25
Debt > 1y
€476k
-26.4% 19-25
Current ratio
1.13
-34.4% 19-25
Quick ratio
0.08
-56.1% 19-25
Solvency
26.1%
-14.6% 19-25
Debt / equity
2.83
+24.5% 19-25
ROE
-31.9%
-48.2% 19-25
ROA
-8.3%
-26.7% 19-25
Net margin
-5.0%
- 19-25
EBITDA margin
-0.3%
- 19-25
Interest coverage
-0.18
- 19-25
Figures by fiscal year
Fiscal year2025
Depositvolledig
Revenue€2.27M
EBITDA€-7k
Net profit€-113k
Cash flow€-49k
Staff costs€586k
Income taxes€175
Dividends-
Total assets€1.36M
Equity€356k
Debt€1.01M
of which ≤ 1y€530k
of which > 1y€476k
Working capital€69k
Employees (FTE)14.7
Ratios (computed)
2025
Current ratio1.13
Quick ratio0.08
Working capital ratio5.1%
Solvency26.1%
Debt / equity2.83
Long-term debt ratio1.34
Interest coverage-0.18
Gross margin21.8%
Net margin-5.0%
ROA-8.3%
ROE-31.9%
EBITDA margin-0.3%
Days sales outstanding0d
Days payable outstanding5d
Inventory turnover3.19
Days inventory (DSI)115d
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.36M
Fixed assets 21/28€763k
Intangible fixed assets 21€0
Tangible fixed assets 22/27€763k
Financial fixed assets 28€0
Current assets 29/58€599k
Stocks & contracts in progress 3€556k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€39k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.36M
Equity 10/15€356k
Contributions / capital 10/11€450k
Reserves 13€25k
Accumulated profits (losses) 14€-389k
Amounts payable 17/49€1.01M
Amounts payable after one year 17€476k
Amounts payable within one year 42/48€530k
Trade debts payable within one year 44€26k
Income statement
Turnover 70€2.27M
Gross operating margin 9900€507k
Operating result 9901€-72k
Financial income 75€0
Financial charges 65€42k
Result before taxes 9903€-113k
Income taxes 67/77€175
Net result for the period 9904€-113k
Result to be appropriated 9905€-113k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
17 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

7 directors
Current directors & mandates
  • UNIC FASHIONLegal entity
    Director· perm. rep.: Xavier GOEBELS
    State Gazette act 25151481 (28-11-2025)
    Current
    28-11-2025 → present
  • Xavier GOEBELS
    Director
    State Gazette act 23077877 (15-06-2023)
    Current
    06-03-2023 → present
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Luxembourg Développement S.A.Legal entity
    Director· perm. rep.: Natascha HOLPER
    State Gazette act 20038981 (12-03-2020)
    Not recently confirmed
    last confirmed in an act from 2020
  • LUXEMBOURG DEVELOPPEMENTLegal entity
    Director· perm. rep.: Xavier Fernand Pascal JAMAR
    State Gazette act 17087777 (22-06-2017)
    Not recently confirmed
    last confirmed in an act from 2017
Former directors (3)
  • Natascha HOLPER
    Director
    State Gazette act 23077877 (15-06-2023)
    Former
    - → 06-03-2023
  • Martine ANDRES
    Director
    State Gazette act 19020906 (08-02-2019)
    Former
    - → 08-02-2019
  • Xavier JAMAR
    Director
    State Gazette act 20038981 (12-03-2020)
    Former
    - → 15-05-2018
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Detailhandel in schoeisel(47721)
Legal form Public limited company(014)
Incorporation04-02-2016
StatusActive
Postal code6600

Structure & network

Connections & network

8 connected companies
LUXEMBOURG DEVELOPPEMENT, Sits on the board LDLUXEMBOURGDEVELOPPEMENTUNIC FASHION, Sits on the board UFUNIC FASHIONXavier GOEBELS, Shared director XG Xavier GOEBELSARDENNES TOYS, Shared corporate director ATARDENNES TOYSHABITAT + CONCEPT, Shared corporate director H+HABITAT +CONCEPTMARBAISE S.A., Shared corporate director MSMARBAISE S.A.MSP Bois, Shared corporate director MBMSP BoisMSP Bois Engineering, Shared corporate director MBMSP BoisEngineeringDIFFUSION ET MANAGEMENT DIFFUSION ETMANAGEMENT0647.819.745
Group structureShared directors
Group structure
LUXEMBOURG DEVELOPPEMENT
Sits on the board · 5 subsidiaries
Control→
UNIC FASHION
Sits on the board · 2 subsidiaries · 1 location
Control→
Linked via shared directors
UNIC FASHION
viaXavier GOEBELS · Permanent representative
→
Network connections
ARDENNES TOYS
Shared corporate director
→
HABITAT + CONCEPT
Shared corporate director
→
MARBAISE S.A.
Shared corporate director
→
MSP Bois
Shared corporate director
→
MSP Bois Engineering
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties
Control over this companysits on this company's board2
LUXEMBOURG DEVELOPPEMENT
5 subsidiaries
UNIC FASHION
2 subsidiaries · 1 location
controls
DIFFUSION ET MANAGEMENTBE 0647.819.745

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Rue du Vivier 1226600 Bastogne

Establishment units

5 locations
DIFFUSION ET MANAGEMENT
Rue de Magnée 4B, 4620 FléronAdviesbureaus op het gebied van public relations en communicatie
since 20162.249.766.926
MARBAISE
Rue du Vivier 122, 6600 BastogneDetailhandel in schoeisel
since 20162.249.766.827
Rue des Boussines, Vaux-Chavanne 48, 6960 Manhay
Detailhandel in schoeisel
since 20162.253.444.414
MARBAISE
Avenue Roi Albert 131, 5300 AndenneDetailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
since 20162.255.144.981
MARBAISE
Recogne, L'Aliénau 16, 6800 Libramont-ChevignyDetailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
since 20172.265.362.150
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels4
Ground area1.9 ha
Buildings4
Building footprint2,533 m²
Volume (LiDAR)4,455 m³
Tallest building16.9 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92003H0040/00S003 Wallonia 1.2 ha 1 · 1,952 m² -
83051A0922/00E002 Wallonia 5,845 m² 1 · 152 m² -
62038B0097/00W005 Wallonia 757 m² 1 · 325 m² 11.6 m · 3 fl.
82302B0836/00S000 Wallonia 422 m² 1 · 104 m² 16.9 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

8 acts
Capital history · 1
22-06-2017
v3.2
All acts · 8 updated 7 months ago
2025
22-12-2025 Articles of association amended Statutes amendment
Summary: v3.2
28-11-2025 Xavier GOEBELS appointed as director Director changes
  • Xavier GOEBELS, Bestuurder
Summary: v3.2
2024
14-02-2024 Articles of association amended Statutes amendment
Summary: v3.2
2023
15-06-2023 1 director appointed, 1 resigning Director changes
  • Xavier GOEBELS, Bestuurder
  • Natascha HOLPER, Bestuurder
Summary: v3.2
2020
12-03-2020 1 director appointed, 1 resigning Director changes
  • Natascha HOLPER, Bestuurder
  • Xavier JAMAR, Bestuurder
Summary: v3.2
2019
08-02-2019 Martine ANDRES resigns as director Director changes
  • Martine ANDRES, Bestuurder
Summary: v3.2
2017
22-06-2017 Capital increase of €165,900 to €315,900 Capital & shares
  • €150.000 → €315.900
  • 2 kapitaalbewegingen in deze akte
Summary: v3.2
2016
08-02-2016 Incorporation of a new SNC Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health17Profitability0Solvency42Growth32Stability100
38 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 17
Profitability 0
Solvency 42
Growth 32
Stability 100

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 107 of the 1,045 companies in this sector. 51 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Detailhandel in schoeisel in gespecialiseerde winkels47721Detailhandel in schoeisel47721Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameFR DIFFUSION ET MANAGEMENT
Registered office
Rue du Vivier 122
6600 Bastogne, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.