Skip to content

DONSATELIER

Active
Public limited companyfounded 199432 yrs activeAfrikalaan 289, 9000 Gent, BelgiumKBO/BCE: BE 0452.608.334
Summary

DONSATELIER has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€188,415) and a net result of -€9,331. Equity is shrinking by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.14 in 2024; short-term debt: 467.5% and cash: 22% 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 2025
Solvency, return and age of the figures
Solvency
-367.5%
Return on assets
-18.2%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€188,415
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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 filings
Deviation from the deadline
2025
27 d late
2024
22 d late
2023
28 d late
2022
28 d late
2021
5 d early
2020
30 d late
2019
35 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 24 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · 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

History

DONSATELIER was incorporated on 18 May 1994.1 Total assets fell from EUR 62,562 in 2019 to EUR 51,274 in 2025 and headcount from 0.5 to 1.8 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
-€188,415▼ 5.2%
2024 · -€179,084
Total assets
€51,274▲ 63.3%
2024 · €31,394
Net result
-€9,331▲ 11.7%
2024 · -€10,570
Working capital
-€188,415▼ 3.5%
2024 · -€182,046
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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-€31,814▲ 5.3%-€57,727▼ 81.5%-€17,130▲ 70.3%-€7,617▲ 55.5%-€5,502▲ 27.8%
Net result-€35,498below the sector's middle half▲ 4.7%-€63,955below the sector's middle half▼ 80.2%-€20,034below the sector's middle half▲ 68.7%-€10,570below the sector's middle half▲ 47.2%-€9,331below the sector's middle half▲ 11.7%
Equity-€84,524below the sector's middle half▼ 72.4%-€148,480below the sector's middle half▼ 75.7%-€168,514below the sector's middle half▼ 13.5%-€179,084below the sector's middle half▼ 6.3%-€188,415below the sector's middle half▼ 5.2%
Total assets€70,931within the sector's middle half▲ 5.0%€55,484below the sector's middle half▼ 21.8%€42,714below the sector's middle half▼ 23.0%€31,394below the sector's middle half▼ 26.5%€51,274below the sector's middle half▲ 63.3%
Debt€155,455▲ 33.4%€203,964▲ 31.2%€211,228▲ 3.6%€210,477▼ 0.4%€239,689▲ 13.9%
Working capital-€100,966below the sector's middle half▼ 81.8%-€154,709below the sector's middle half▼ 53.2%-€172,708below the sector's middle half▼ 11.6%-€182,046below the sector's middle half▼ 5.4%-€188,415below the sector's middle half▼ 3.5%
Solvency-119.2%below the sector's middle half▼ 46.6pp-267.6%below the sector's middle half▼ 148.4pp-394.5%below the sector's middle half▼ 126.9pp-570.4%below the sector's middle half▼ 175.9pp-367.5%below the sector's middle half▲ 203.0pp
Current ratio0.35below the sector's middle half▼ 0.170.24below the sector's middle half▼ 0.110.18below the sector's middle half▼ 0.060.14below the sector's middle half▼ 0.050.21below the sector's middle half▲ 0.08
Return on assets (ROA)-50.0%below the sector's middle half▲ 5.1pp-115.3%below the sector's middle half▼ 65.2pp-46.9%below the sector's middle half▲ 68.4pp-33.7%below the sector's middle half▲ 13.2pp-18.2%below the sector's middle half▲ 15.5pp
Staff (FTE)0.5=1.4▲ 180%2▲ 42.9%2=1.8within the sector's middle half▼ 10.0%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2021: -€31,814-€31,814Net result 2021: -€35,498-€35,498Operating result 2022: -€57,727-€57,727Net result 2022: -€63,955-€63,955Operating result 2023: -€17,130-€17,130Net result 2023: -€20,034-€20,034Operating result 2024: -€7,617-€7,617Net result 2024: -€10,570-€10,570Operating result 2025: -€5,502-€5,502Net result 2025: -€9,331-€9,33120212022202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€17,130-€17,100Net result 2023: -€20,034-€20,000Operating result 2024: -€7,617-€7,620Net result 2024: -€10,570-€10,600Operating result 2025: -€5,502-€5,500Net result 2025: -€9,331-€9,330202320242025
The operating result stays negative: a loss of €5,502 in 2025 against €7,617 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2,540▲
2024 · -€6,386
Cash flow
-€6,369▲
2024 · -€9,338
Debt to equity
-1.27▼
2024 · -1.18
Interest coverage
-0.66▲
2024 · -2.16
Debt ≤ 1 year
€239,689▲
2024 · €210,477
Staff costs
€86,344▲
2024 · €77,141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% 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
4.1% went bankrupt
9.8% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,639 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€31,394€51,274▲
Fixed assets21/28€2,962-
Tangible fixed assets22/27€2,962-
Plant, machinery and equipment23€641-
Furniture and vehicles24€2,321-
Current assets29/58€28,431€51,274▲
Stocks and contracts in progress3€21,392-
Stocks30/36€21,392-
Amounts receivable within one year40/41€5,070€38,935▲
Trade receivables40€5,070€38,935▲
Cash at bank and in hand54/58€67€11,277▲
Deferred charges and accrued income490/1€1,903€1,062▼
Equity and liabilities
Total equity and liabilities10/49€31,394€51,274▲
Equity10/15-€179,084-€188,415▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€4,581€4,581=
Non-distributable reserves130/1€2,645€2,645=
Legal reserve130€2,645€2,645=
Distributable reserves133€1,936€1,936=
Profit (loss) carried forward14-€245,665-€254,996▼
Amounts payable17/49€210,477€239,689▲
Amounts payable within one year42/48€210,477€239,689▲
Trade debts44€12,995€17,410▲
Suppliers440/4€12,995€17,410▲
Taxes, remuneration and social security45€14,158€20,744▲
Taxes450/3€5,675€8,083▲
Remuneration and social security454/9€8,483€12,662▲
Other amounts payable47/48€183,325€201,534▲
Income statement Code20242025
Remuneration, social security and pensions62€77,141€86,344▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,232€2,962▲
Other operating charges640/8€2,244€1,031▼
Gross operating margin9900€73,000€84,836▲
Operating profit (loss)9901-€7,617-€5,502▲
Financial charges65/66B€2,953€3,829▲
Recurring financial charges65€2,953€3,829▲
Profit (loss) for the period before taxes9903-€10,570-€9,331▲
Profit (loss) for the period9904-€10,570-€9,331▲
Profit (loss) for the period to be appropriated9905-€10,570-€9,331▲
Appropriation of the result
Profit (loss) to be appropriated9906-€245,665-€254,996▼
Profit (loss) brought forward from the previous period14P-€235,095-€245,665▼
Social balance
Average headcount (FTE)9087-1.8

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€51,323€73,302€77,141€86,344▲ 11.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,130€3,203€2,035€1,232€2,962▲ 141%
Other operating charges640/8-€884€2,594€2,244€1,031▼ 54.1%
Non-recurring operating charges66A-€10,550----
Gross operating margin9900-€20,331€8,233€60,801€73,000€84,836▲ 16.2%
Operating profit (loss)9901-€31,814-€57,727-€17,130-€7,617-€5,502▲ 27.8%
Recurring financial income75€2,853-----
Financial charges65/66B-€6,198€2,904€2,953€3,829▲ 29.7%
Recurring financial charges65€3,888€6,198€2,904€2,953€3,829▲ 29.7%
Profit (loss) for the period before taxes9903-€32,849-€63,925-€20,034-€10,570-€9,331▲ 11.7%
Income taxes67/77€2,650€30----
Profit (loss) for the period9904-€35,498-€63,955-€20,034-€10,570-€9,331▲ 11.7%
Profit (loss) for the period to be appropriated9905-€35,498-€63,955-€20,034-€10,570-€9,331▲ 11.7%
Line20212022202320242025Change
Assets
Total assets20/58€70,931€55,484€42,714€31,394€51,274▲ 63.3%
Fixed assets21/28€16,442€6,229€4,194€2,962--
Tangible fixed assets22/27€16,442€6,229€4,194€2,962--
Plant, machinery and equipment23-€1,315€978€641--
Furniture and vehicles24-€4,914€3,216€2,321--
Current assets29/58€54,489€49,255€38,520€28,431€51,274▲ 80.3%
Stocks and contracts in progress3€43,089€33,992€28,242€21,392--
Stocks30/36-€33,992€28,242€21,392--
Amounts receivable within one year40/41€7,277€9,077€7,049€5,070€38,935▲ 668%
Trade receivables40-€9,077€7,049€5,070€38,935▲ 668%
Cash at bank and in hand54/58€2,916€5,140€1,591€67€11,277▲ 16,668%
Deferred charges and accrued income490/1-€1,046€1,638€1,903€1,062▼ 44.2%
Equity and liabilities
Total equity and liabilities10/49€70,931€55,484€42,714€31,394€51,274▲ 63.3%
Equity10/15-€84,524-€148,480-€168,514-€179,084-€188,415▼ 5.2%
Contributions10/11-€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€4,581€4,581€4,581€4,581€4,581=
Non-distributable reserves130/1-€2,645€2,645€2,645€2,645=
Legal reserve130-€2,645€2,645€2,645€2,645=
Distributable reserves133-€1,936€1,936€1,936€1,936=
Profit (loss) carried forward14-€151,105-€215,061-€235,095-€245,665-€254,996▼ 3.8%
Amounts payable17/49€155,455€203,964€211,228€210,477€239,689▲ 13.9%
Amounts payable within one year42/48€155,455€203,964€211,228€210,477€239,689▲ 13.9%
Trade debts44€42,160€20,217€17,292€12,995€17,410▲ 34.0%
Suppliers440/4-€20,217€17,292€12,995€17,410▲ 34.0%
Taxes, remuneration and social security45-€8,724€10,237€14,158€20,744▲ 46.5%
Taxes450/3-€5,286€4,420€5,675€8,083▲ 42.4%
Remuneration and social security454/9-€3,437€5,817€8,483€12,662▲ 49.3%
Other amounts payable47/48-€175,023€183,699€183,325€201,534▲ 9.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€35,498-€63,955-€20,034-€10,570-€9,331▲ 11.7%
+ Depreciation and write-downs630€5,130€3,203€2,035€1,232€2,962▲ 141%
Operating cash flow (approximation)-€30,368-€60,752-€18,000-€9,338-€6,369▲ 31.8%
Investment in fixed assets (approximation)-€7,010€0€0--
Change in cash-€2,224-€3,549-€1,524€11,209▲ 836%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
27-11
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2024
22-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2023
28-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2022
28-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
31-03
Financial Weakest financial yearnet -€63,955
Net result drops to -€63,955, the lowest in the series; recovery starts the following year.
2021
26-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
05-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
13-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Gent · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
5,324 m²
Building footprint
4,860 m²
Volume, LiDAR
28,398 m³
Parcel 44807G0697/00W002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
DONSATELIER
Afrikalaan 289, 9000 GentNACE 1740102
since 19942.066.907.870
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44807G0697/00W002 Flanders 5,323 m² 1 · 4,860 m² 7.9 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Liveclean 74.81%
  2. DONSATELIER

Highest known parent: Liveclean. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 432 companies in sector 46869 we hold annual accounts for 244. 114 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded18-05-1994
Fiscal year end31-03
Activities, NACEBEL 2025
46869Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0452608334
Also 9925:BE0452608334
Registered 03-08-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.