DIRECT TAILORING
ActiveSummary
DIRECT TAILORING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€176,586) and a net result of -€27,979. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+6
Solvency16▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.89 against 1.96 in 2024; short-term debt: 42.3% and cash: 6.6% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
-8.9%
Return on assets
-1.4%
Age of the figures
9 mo
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 -€176,586
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
23 d late
2022
31 d late
2021
26 d late
2020
32 d early
2019
89 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 28 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€27,979▲ 26.7%
2024 · -€38,163
Working capital
€746,683▼ 4.3%
2024 · €780,604
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,241€99,992▲ 87.8%€43,458▼ 56.5%€17,072▼ 60.7%€23,037▲ 34.9%
Net result€23,375within the sector's middle half€71,382within the sector's middle half▲ 205%€16,097within the sector's middle half▼ 77.4%-€38,163below the sector's middle half-€27,979below the sector's middle half▲ 26.7%
Equity-€197,923below the sector's middle half▲ 10.6%-€126,541below the sector's middle half▲ 36.1%-€110,444below the sector's middle half▲ 12.7%-€148,607below the sector's middle half▼ 34.6%-€176,586below the sector's middle half▼ 18.8%
Total assets€912,918within the sector's middle half▲ 14.1%€960,933within the sector's middle half▲ 5.3%€1.8mwithin the sector's middle half▲ 86.5%€2.1mwithin the sector's middle half▲ 14.7%€2.0mabove the sector's middle half▼ 3.1%
Debt€1.1m▲ 8.8%€1.1m▼ 2.1%€1.9m▲ 75.0%€2.2m▲ 15.9%€2.2m▼ 1.6%
Working capital-€231,765below the sector's middle half▲ 28.1%-€162,529below the sector's middle half▲ 29.9%€910,098above the sector's middle half€780,604above the sector's middle half▼ 14.2%€746,683above the sector's middle half▼ 4.3%
Solvency-21.7%below the sector's middle half▲ 6.0pp-13.2%below the sector's middle half▲ 8.5pp-6.2%below the sector's middle half▲ 7.0pp-7.2%below the sector's middle half▼ 1.1pp-8.9%below the sector's middle half▼ 1.6pp
Current ratio0.79below the sector's middle half▲ 0.120.85below the sector's middle half▲ 0.062.26within the sector's middle half▲ 1.411.96within the sector's middle half▼ 0.301.89within the sector's middle half▼ 0.08
Return on assets (ROA)2.6%within the sector's middle half▲ 21.3pp7.4%within the sector's middle half▲ 4.9pp0.9%within the sector's middle half▼ 6.5pp-1.9%below the sector's middle half▼ 2.8pp-1.4%below the sector's middle half▲ 0.5pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below 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 per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€403,846 ▼ 13.0%
Current assets
€1.6m ▼ 0.2%
Key figures and ratios
EBITDA
€85,368▲
2024 · €54,424
Cash flow
€34,352▲
2024 · -€811
Quick ratio
0.27▼
2024 · 0.59
Debt to equity
-12.29▲
2024 · -14.84
Interest coverage
1.67▲
2024 · 0.99
Debt ≤ 1 year
€842,789▲
2024 · €811,829
Debt > 1 year
€1.3m▼
2024 · €1.4m
Income taxes
€99▼
2024 · €300
Staff costs
€270,763▲
2024 · €201,425
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €135,842 | €197,732 | €195,047 | €201,425 | €270,763 | ▲ 34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,915 | €11,673 | €7,864 | €37,352 | €62,331 | ▲ 66.9% |
| Other operating charges640/8 | €10,453 | €11,616 | €19,207 | €17,312 | €19,747 | ▲ 14.1% |
| Gross operating margin9900 | €245,451 | €321,014 | €265,576 | €273,161 | €375,879 | ▲ 37.6% |
| Operating profit (loss)9901 | €53,241 | €99,992 | €43,458 | €17,072 | €23,037 | ▲ 34.9% |
| Financial income75/76B | €221 | €419 | €436 | €12 | €62 | ▲ 407% |
| Recurring financial income75 | €221 | €419 | €436 | €12 | €62 | ▲ 407% |
| Financial charges65/66B | €29,859 | €28,459 | €27,195 | €54,948 | €50,979 | ▼ 7.2% |
| Recurring financial charges65 | €29,859 | €28,459 | €27,195 | €54,948 | €50,979 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €23,604 | €71,952 | €16,699 | -€37,863 | -€27,880 | ▲ 26.4% |
| Income taxes67/77 | €229 | €569 | €602 | €300 | €99 | ▼ 67.0% |
| Profit (loss) for the period9904 | €23,375 | €71,382 | €16,097 | -€38,163 | -€27,979 | ▲ 26.7% |
| Profit (loss) for the period to be appropriated9905 | €23,375 | €71,382 | €16,097 | -€38,163 | -€27,979 | ▲ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €912,918 | €960,933 | €1.8m | €2.1m | €2.0m | ▼ 3.1% |
| Fixed assets21/28 | €38,576 | €35,988 | €161,458 | €464,239 | €403,846 | ▼ 13.0% |
| Intangible fixed assets21 | €5,816 | - | - | - | - | - |
| Tangible fixed assets22/27 | €32,760 | €28,111 | €153,581 | €456,362 | €395,969 | ▼ 13.2% |
| Plant, machinery and equipment23 | €22,143 | €18,286 | €127,497 | €408,127 | €364,274 | ▼ 10.7% |
| Furniture and vehicles24 | €10,617 | €9,825 | €26,084 | €48,236 | €31,694 | ▼ 34.3% |
| Financial fixed assets28 | - | €7,877 | €7,877 | €7,877 | €7,877 | = |
| Current assets29/58 | €874,342 | €924,945 | €1.6m | €1.6m | €1.6m | ▼ 0.2% |
| Amounts receivable after more than one year29 | €3,992 | - | - | - | - | - |
| Other amounts receivable291 | €3,992 | - | - | - | - | - |
| Stocks and contracts in progress3 | €542,627 | €710,446 | €963,658 | €1.1m | €1.4m | ▲ 22.5% |
| Stocks30/36 | €542,627 | €710,446 | €963,658 | €1.1m | €1.4m | ▲ 22.5% |
| Amounts receivable within one year40/41 | €160,349 | €123,965 | €164,988 | €177,565 | €92,147 | ▼ 48.1% |
| Trade receivables40 | €160,349 | €123,965 | €164,988 | €177,565 | €92,147 | ▼ 48.1% |
| Cash at bank and in hand54/58 | €163,973 | €89,110 | €498,335 | €294,705 | €130,870 | ▼ 55.6% |
| Deferred charges and accrued income490/1 | €3,400 | €1,424 | €3,899 | €8,726 | €5,070 | ▼ 41.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €912,918 | €960,933 | €1.8m | €2.1m | €2.0m | ▼ 3.1% |
| Equity10/15 | -€197,923 | -€126,541 | -€110,444 | -€148,607 | -€176,586 | ▼ 18.8% |
| Contributions10/11 | €49,579 | €49,579 | €49,579 | €49,579 | €49,579 | = |
| Reserves13 | €14,841 | €14,841 | €14,841 | €14,841 | €14,841 | = |
| Non-distributable reserves130/1 | €5,082 | €5,082 | €5,082 | €5,082 | €5,082 | = |
| Reserves not available under the articles1311 | €5,082 | €5,082 | €5,082 | €5,082 | €5,082 | = |
| Distributable reserves133 | €9,759 | €9,759 | €9,759 | €9,759 | €9,759 | = |
| Profit (loss) carried forward14 | -€262,343 | -€190,961 | -€174,864 | -€213,027 | -€241,006 | ▼ 13.1% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.9m | €2.2m | €2.2m | ▼ 1.6% |
| Amounts payable after more than one year17 | €4,735 | - | €1.2m | €1.4m | €1.3m | ▼ 4.8% |
| Financial debts170/4 | €4,735 | - | €1.2m | €1.4m | €1.3m | ▼ 4.8% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €720,784 | €811,829 | €842,789 | ▲ 3.8% |
| Current portion of amounts payable after more than one year42 | €34,501 | €4,735 | €30,000 | €66,121 | €66,336 | ▲ 0.3% |
| Financial debts43 | €500,000 | €500,000 | - | - | - | - |
| Credit institutions430/8 | €500,000 | €500,000 | - | - | - | - |
| Trade debts44 | €443,342 | €486,605 | €532,291 | €662,631 | €649,311 | ▼ 2.0% |
| Suppliers440/4 | €443,342 | €486,605 | €532,291 | €662,631 | €649,311 | ▼ 2.0% |
| Advances received on contracts in progress46 | €67,563 | €6,000 | €14,756 | - | - | - |
| Taxes, remuneration and social security45 | €60,700 | €90,135 | €143,737 | €83,077 | €126,832 | ▲ 52.7% |
| Taxes450/3 | €44,051 | €58,998 | €99,333 | €48,989 | €73,720 | ▲ 50.5% |
| Remuneration and social security454/9 | €16,649 | €31,137 | €44,404 | €34,087 | €53,112 | ▲ 55.8% |
| Other amounts payable47/48 | - | - | - | - | €311 | - |
| Accrued charges and deferred income492/3 | - | - | €12,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,375 | €71,382 | €16,097 | -€38,163 | -€27,979 | ▲ 26.7% |
| + Depreciation and write-downs630 | €45,915 | €11,673 | €7,864 | €37,352 | €62,331 | ▲ 66.9% |
| Operating cash flow (approximation) | €69,290 | €83,055 | €23,961 | -€811 | €34,352 | ▲ 4,335% |
| Investment in fixed assets (approximation) | - | -€9,085 | -€133,334 | -€340,133 | -€1,938 | ▲ 99.4% |
| Change in cash | - | -€74,863 | €409,226 | -€203,631 | -€163,835 | ▲ 19.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 2.26
Current ratio from 0.85 to 2.26; short-term debt falls from €1.1m to €720,784.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €71,382 ▲205%
Operating result €99,992, net result €71,382, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Back to profitnet €23,375
Net result €23,375 after 3 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€149,699
Net result drops to -€149,699, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 1990
Ground area
520 m²
Building footprint
238 m²
Volume, LiDAR
6,743 m³
Parcel 21807G0148/00Z003, Brussels · tallest building 31.9 m, ±10 floors. Linked by address, not a title deed.
35
companies at this address
See who is registered here
1 establishment unit
DIRECT TAILORING
since 19902.050.234.362
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0148/00Z003 | Brussels | 520 m² | 1 · 238 m² | 31.9 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,806 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441779471
Also
9925:BE0441779471
Registered
10-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.