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EQUINOXE

Active
Public limited companyfounded 198739 yrs activeChaussée de Mons 18, 1400 Nivelles, BelgiumKBO/BCE: BE 0430.694.252

The file of EQUINOXE contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 15.5% (high). The 2024 annual accounts show negative equity (-€130,003) and a net result of -€145,238. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 26069 sector peers (fiscal year 2024).

Risk analysisWatch ReportCompare
EQUINOXEActiveChecked score 13/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of women's outerwear
NACE 47711NACE 52423
1 site
Size
€411,602turnover 2024
Equity
-€130,003
Loss
-€145,238
Financial health
13 Critical Checked score 2024
Bankruptcy chance 12 m
15.5%
Structure
Accounts 66 d overdue0 of 4 deeds read
Why 13- Judicial reorganisation on record (3 publications, latest 07-06-2021)- Loss of €145,238, the second in a row (FY 2024)- 1 financial year not filed after the legal deadline; latest accounts 138 days late; 2 of the last 3 late+ Founded in 1987Show the evidence

Checked score

Score 2024
13 / 100
Critical
Probability in this band: over 15.0%
Better than 10% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0-36
equity -95.6% of total assets
Liquidity 13-7
short-term debt 187.3% · cash 10.4%
Profitability 0-11
return on assets -106.9%
Bankruptcy probability, 12 months
15.5% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,156 companies)
Last 24 months 11-2024: 7.3% 12-2024: 7.3%● 0.0% vs 11-2024 01-2025: 7.3%● 0.0% vs 12-2024 02-2025: 7.3%● 0.0% vs 01-2025 03-2025: 7.7%▲ +5.5% vs 02-2025 04-2025: 7.7%● 0.0% vs 03-2025 05-2025: 7.4%▼ -4.2% vs 04-2025 06-2025: 7.2%▼ -2.5% vs 05-2025lowest value 07-2025: 8.3%▲ +14.6% vs 06-2025 08-2025: 9.9%▲ +19.3% vs 07-2025 09-2025: 9.5%▼ -3.8% vs 08-2025 10-2025: 10.2%▲ +7.8% vs 09-2025 11-2025: 10.8%▲ +5.3% vs 10-2025 12-2025: 13.7%▲ +27.6% vs 11-2025 01-2026: 15.6%▲ +13.3% vs 12-2025 02-2026: 15.6%● 0.0% vs 01-2026 03-2026: 16.2%▲ +4.2% vs 02-2026 04-2026: 16.2%● 0.0% vs 03-2026 05-2026: 15.6%▼ -3.7% vs 04-2026 06-2026: 14.9%▼ -4.2% vs 05-2026 07-2026: 15.6%▲ +4.6% vs 06-2026 08-2026: 17.0%▲ +8.4% vs 07-2026highest value 09-2026: 16.2%▼ -4.5% vs 08-2026 10-2026: 15.5%▼ -4.3% vs 09-2026
  • Judicial reorganisation on record (3 publications, latest 07-06-2021) raises the probability
  • Loss of €145,238, the second in a row (FY 2024) raises the probability
  • Founded in 1987 lowers the probability for this profile
  • 1 financial year not filed after the legal deadline; latest accounts 138 days late; 2 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.42 against 1.14 in 2023; short-term debt: 187.3% and cash: 10.4% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 13%, profitability 6%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Judicial reorganisation on record (3 publications, latest 07-06-2021)
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Loss of €145,238, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 138 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€130,003
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
138 d late
2023
62 d late
2022
36 d early
2021
31 d late
2020
30 d late
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Weakest financial yearnet -€145,238
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€130,003 View
  • Caution: Result fell in 2024from -€13,822 to -€145,238 ▼ 951% View
  • Caution: Among the weakest 5% on net resultsector median €4,449 · 26,038 companies -€145,238 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€145,238 View

By topic

Financials

Fiscal year
2024
Turnover
€411,602
Loss
-€145,238
Solvency
-95.6%
Turnover▼ 10.8%
Net result
20212024
Go to Financials

Timeline

Events
16
Since
2016
  1. 16-12-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 01-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of women's outerwearNACE 47711
Founded
30-03-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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