DRESSING PLUS
ActiveSummary
The computed 12-month bankruptcy probability of DRESSING PLUS is 2.2% (moderate). The 2024 annual accounts show equity of €8,318 and a net result of -€782. Equity is shrinking by ~60% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 16% of 705 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability66▲+56
Solvency28▲+2
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
3%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 705 sector peers (2024).
NBB · sector comparisonPosition among 705 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
30 d early
2022
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€8,318▲ 269%
2023 · €2,252
Total assets
€280,502▲ 28.3%
2023 · €218,656
Net result
-€782▲ 95.1%
2023 · -€16,039
Working capital
-€100,829▲ 25.3%
2023 · -€134,985
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€10,907--€13,934▼ 27.8%€3,957
Net result-€11,709--€16,039▼ 37.0%-€782▲ 95.1%
Equity€18,291-€2,252▼ 87.7%€8,318▲ 269%
Total assets€135,830-€218,656▲ 61.0%€280,502▲ 28.3%
Debt€117,539-€216,404▲ 84.1%€272,184▲ 25.8%
Working capital-€65,405--€134,985▼ 106%-€100,829▲ 25.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3,957 after a loss of €13,934 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280,502
Fixed assets
€194,210 ▼ 1.2%
Current assets
€86,292 ▲ 292%
Equity and liabilities €280,502
Equity
€8,318 ▲ 269%
Debt
€272,184 ▲ 25.8%
Debt's share of the balance-sheet total falls from 99.0% to 97.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,181▲
2023 · -€3,796
Cash flow
€21,442▲
2023 · -€5,902
Current ratio
0.46▲
2023 · 0.14
Debt to equity
32.72▼
2023 · 96.10
ROE
-9.4%▲
2023 · -712.3%
ROA
-0.3%▲
2023 · -7.3%
Interest coverage
5.68▲
2023 · -1.91
Debt ≤ 1 year
€187,120▲
2023 · €157,019
Debt > 1 year
€84,995▲
2023 · €57,226
Income taxes
€128▲
2023 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,058 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% | 1.6% |
| 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 74% 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 849 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,500 | - |
| Remuneration, social security and pensions62 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,104 | €10,137 | €22,224 | ▲ 119% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,234 | - | - |
| Other operating charges640/8 | €247 | €64 | €573 | ▲ 801% |
| Gross operating margin9900 | -€7,556 | -€2,499 | €26,754 | ▲ 1,171% |
| Operating profit (loss)9901 | -€10,907 | -€13,934 | €3,957 | ▲ 128% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €802 | €1,982 | €4,611 | ▲ 133% |
| Recurring financial charges65 | €802 | €1,982 | €4,611 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | -€11,709 | -€15,916 | -€654 | ▲ 95.9% |
| Income taxes67/77 | - | €123 | €128 | ▲ 3.9% |
| Profit (loss) for the period9904 | -€11,709 | -€16,039 | -€782 | ▲ 95.1% |
| Transfer from tax-exempt reserves789 | - | - | €648 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,709 | -€16,039 | -€134 | ▲ 99.2% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €135,830 | €218,656 | €280,502 | ▲ 28.3% |
| Fixed assets21/28 | €107,264 | €196,621 | €194,210 | ▼ 1.2% |
| Intangible fixed assets21 | €21,664 | €110,516 | €116,766 | ▲ 5.7% |
| Tangible fixed assets22/27 | €85,600 | €86,105 | €77,444 | ▼ 10.1% |
| Plant, machinery and equipment23 | €85,600 | €86,105 | €77,444 | ▼ 10.1% |
| Current assets29/58 | €28,566 | €22,035 | €86,292 | ▲ 292% |
| Amounts receivable within one year40/41 | €1,009 | €12,499 | €38,869 | ▲ 211% |
| Trade receivables40 | €86 | €7,504 | €38,864 | ▲ 418% |
| Other amounts receivable41 | €923 | €4,994 | €5 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €20,884 | €9,536 | €46,463 | ▲ 387% |
| Deferred charges and accrued income490/1 | €6,673 | - | €960 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €135,830 | €218,656 | €280,502 | ▲ 28.3% |
| Equity10/15 | €18,291 | €2,252 | €8,318 | ▲ 269% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€11,709 | -€27,748 | -€27,882 | ▼ 0.5% |
| Investment grants15 | - | - | €6,200 | - |
| Amounts payable17/49 | €117,539 | €216,404 | €272,184 | ▲ 25.8% |
| Amounts payable after more than one year17 | €23,568 | €57,226 | €84,995 | ▲ 48.5% |
| Financial debts170/4 | €23,568 | €57,226 | €84,995 | ▲ 48.5% |
| Amounts payable within one year42/48 | €93,971 | €157,019 | €187,120 | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | - | €14,301 | €22,230 | ▲ 55.4% |
| Trade debts44 | - | €38,587 | €39,515 | ▲ 2.4% |
| Suppliers440/4 | - | €38,587 | €39,515 | ▲ 2.4% |
| Advances received on contracts in progress46 | - | - | €4,840 | - |
| Taxes, remuneration and social security45 | €265 | €425 | €3,829 | ▲ 800% |
| Taxes450/3 | €265 | €425 | €3,829 | ▲ 800% |
| Other amounts payable47/48 | €93,706 | €103,706 | €116,706 | ▲ 12.5% |
| Accrued charges and deferred income492/3 | - | €2,159 | €69 | ▼ 96.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,709 | -€16,039 | -€782 | ▲ 95.1% |
| + Depreciation and write-downs630 | €3,104 | €10,137 | €22,224 | ▲ 119% |
| Operating cash flow (approximation) | -€8,605 | -€5,902 | €21,442 | ▲ 463% |
| Investment in fixed assets (approximation) | - | -€99,494 | -€19,813 | ▲ 80.1% |
| Change in cash | - | -€11,347 | €36,927 | ▲ 425% |
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
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€16,039
Net result drops to -€16,039, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2021
Ground area
7,395 m²
Building footprint
612 m²
Volume, LiDAR
8,113 m³
Parcel 57462B0206/00Y003, Wallonia · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DRESSING PLUS
since 20212.321.578.895
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462B0206/00Y003 | Wallonia | 7,395 m² | 1 · 612 m² | 15.5 m · 4 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 764 companies in sector 16281 we hold annual accounts for 159. 55 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
Founded16-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773930831
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.