Age6 yrs
Real estate3 parcels · 1,937 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Erwin is 2.7% (moderate). The 2024 annual accounts show equity of €8k and a net result of €2k. Equity is shrinking by ~19% per year across the filed fiscal years. Its solvency ranks better than 41% of 6722 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 20 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-07-2025, 5 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. 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 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 26-07-2025 | 5 d early | 2025-00312077 |
| 31-12-2023 | 31-07-2024 | 26-11-2024 | 118 d late | 2024-00604367 |
| 31-12-2022 | 31-07-2023 | 31-08-2023 | 31 d late | 2023-00424190 |
| 31-12-2021 | 31-07-2022 | 28-08-2023 | 393 d late | 2023-00431388 |
| 31-12-2020 | 31-07-2021 | 11-08-2021 | 11 d late | 2021-48800461 |
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 signalsMore than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
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.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.7%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€2k
Working capital€8k+31.8%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 26-07-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~19%/year over 5 fiscal years, indicative, assuming unchanged policy.
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 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.7% | 20.4% | |
| Net result | €2k | €4k | |
| Equity | €8k | €16k | |
| Gross operating margin | €20k | €24k | |
| Staff costs | €16k | €33k |
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).
P41
Weakening position over 2020-2024
· n=1505-6722
P43
Weakening position over 2020-2024
· n=1499-6703
P39
Stable position over 2020-2024
· n=1508-6737
P46
Stable position over 2020-2024
· n=1494-6682
Describes the position versus peers, not a forecast.
€3k
-84.1%
20-24
€2k
-
20-24
€2k
-
20-24
€60k
-1.7%
20-24
€8k
+27.9%
20-24
€8k
+31.8%
20-24
1
0.0%
20-24
€16k
-7.4%
20-24
Show 10 other metrics
€461
-97.4%
20-24
€52k
-4.9%
20-24
€52k
-4.9%
20-24
1.15
+3.7%
20-24
0.20
+83.1%
20-24
12.7%
+30.1%
20-24
6.85
-25.7%
20-24
21.8%
-
20-24
2.8%
-
20-24
9.76
-21.4%
20-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €3k |
| Net profit | €2k |
| Cash flow | €2k |
| Staff costs | €16k |
| Income taxes | €461 |
| Dividends | - |
| Total assets | €60k |
| Equity | €8k |
| Debt | €52k |
| of which ≤ 1y | €52k |
| of which > 1y | - |
| Working capital | €8k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.15 |
| Quick ratio | 0.20 |
| Working capital ratio | 12.7% |
| Solvency | 12.7% |
| Debt / equity | 6.85 |
| Long-term debt ratio | - |
| Interest coverage | 9.76 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.8% |
| ROE | 21.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €60k |
| Formation expenses | 20 | €11 |
| Current assets | 29/58 | €60k |
| Stocks & contracts in progress | 3 | €49k |
| Amounts receivable within one year | 40/41 | €9k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €60k |
| Equity | 10/15 | €8k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €2k |
| Amounts payable | 17/49 | €52k |
| Amounts payable within one year | 42/48 | €52k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €20k |
| Operating result | 9901 | €2k |
| Financial income | 75 | €9 |
| Financial charges | 65 | €260 |
| Result before taxes | 9903 | €2k |
| Income taxes | 67/77 | €461 |
| Net result for the period | 9904 | €2k |
| Result to be appropriated | 9905 | €2k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed66
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
2 locationsErwin
since 20192.296.681.767
Kerkstraat 179, 3850 Nieuwerkerken (Limb.)
since 20192.296.681.866
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area1,937 m²
Buildings3
Building footprint733 m²
Volume (LiDAR)1,804 m³
Tallest building9.7 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045B0025/00T003 | Flanders | 980 m² | 1 · 230 m² | 8.3 m · 1 fl. |
| 71063B0399/00X005 | Flanders | 567 m² | 1 · 313 m² | - |
| 24054C0022/00K002 | Flanders | 390 m² | 1 · 190 m² | 9.7 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
1 acts Capital history · 1
17-05-2023
Capital change
All acts · 1
updated 3 years ago
2023
17-05-2023 All shares are now held by a single shareholder
Analysis
Financial profile
5 of 5 axes measured64
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
66
Profitability
100
Solvency
23
Growth
32
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 88 of the 1,047 companies in this sector. 53 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in andere huishoudelijke artikelen, neg47559Detailhandel in andere huishoudelijke artikelen in gespecialiseerde winkels, n.e.g.47599Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)47113Detailhandel in dranken, algemeen assortiment47252Detailhandel in tabaksproducten47260
Primary activity highlighted.
Names & trade names
| Legal nameNL | Erwin |
Registered office
Dorpsplein 22
3470 Kortenaken, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.