Equity
€453,584 ▼ 3.5%
ETS ALLAERT - MOULARD paid out €25,684 in dividends. That is 278% of the 2025 profit.
ETS ALLAERT - MOULARD
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €254,893 (2020)
€196,131▲ 3.5%
lowest -€29,129 (2014)
€9,241▼ 1.5%
peak €470,028 (2024)
€453,584▼ 3.5%
€182,314▼ 5.6%
peak 4.7 FTE (2020)
3.7 FTE▼ 2.6%
Board2 names since 2002
2 directorsAnthime ALLAERT and 1 other
Documentsfilings and deeds
24-09-202655 days late
2025abbreviated format
Dividend €25,684
Key points
from the 2025 annual accountsChecked score
84
Excellent
Financially stronger than 57% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.3%▼ -0.5 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%▼ -0.4 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 55 days late; 2 of the last 3 accounts late
lowers risk
Founded in 2002
Equity €453,584 (71.3% of total assets)
Liquidity: current ratio 2.04, cash €56,086
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 82% of them on solvency, 59% on liquidity, 52% on profitability and 33% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as ETS ALLAERT - MOULARD has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ETS ALLAERT - MOULARD itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for ETS ALLAERT - MOULARD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.04 (2.03 in 2024), above the usual 1.5. Short-term debt is 21.6% and cash 8.8% of total assets. 28.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
55 days late
2024
56 days late
2023
14 days late
2022
20 days late
2021
26 days early
2020
30 days late
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478375789
Amendment of the articles · Legal-form change · Resignations & appointments
Changes of role: Anthime ALLAERT (director) and MOULARD Geoffrey (director) · Director discharge: Anthime ALLAERT · Director discharge: MOULARD Geoffrey · General meeting of 23-11-2023 · Gazette deed
First establishment
SPAR, Route de Frasnes 186, Ath
Incorporation
published on 26-09-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ETS ALLAERT - MOULARD Ath | €635,898 | €196,131 | 71.3% | 3.7 |
| RIHON Wanze | €580,174 | €212,613 | 20.4% | 4.2 |
| Mihthra Lebbeke | €700,869 | €218,259 | 10.9% | 3.6 |
| AGORA CULINAIR LIMBUFREEZ Sint-Truiden | €716,732 | €190,264 | 7.4% | 3 |
| Supermarkt Crabbe Aalst | €594,432 | €247,656 | 38.0% | 3.6 |
| DIVÉRO Brecht | €814,032 | €247,219 | 17.6% | 3.9 |
| CHEZ LEON Brunehaut | €477,812 | €192,127 | 72.6% | 3.2 |
These companies have the same main activity as ETS ALLAERT - MOULARD: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €478,000 and €814,000, founded between 1999 and 2006.
Official details
Source: KBO- Status
- Active since 19-09-2002Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Joint committee
- 201Independent retail · annual accounts 2023
- Establishment unit
- 2.115.067.7767812 Ath, since 29-10-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- ≈ €1.7mestimated
- €635,898▼ 4.1%
- Employeeson 31-12-2025
- 8▼ 11.1%
- Filing
- Filed on 24-09-2026
Insights on ETS ALLAERT - MOULARD
ETS ALLAERT - MOULARD files the abbreviated format. That format states no turnover. The gross margin rose from €75,476 in 2006 to €196,131 in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ETS ALLAERT - MOULARD
- What is the company number of ETS ALLAERT - MOULARD?
- The company number of ETS ALLAERT - MOULARD is 0478.375.789. The VAT number is the same number with BE in front: BE 0478.375.789.
- Where is ETS ALLAERT - MOULARD based?
- The registered office is at Route de Frasnes 186, 7812 Ath.Company details
- What does ETS ALLAERT - MOULARD do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of ETS ALLAERT - MOULARD?
- ETS ALLAERT - MOULARD is a private limited company (BV).
- When was ETS ALLAERT - MOULARD founded?
- ETS ALLAERT - MOULARD was founded on 19-09-2002.
- Is ETS ALLAERT - MOULARD still active?
- Yes, ETS ALLAERT - MOULARD is an active enterprise in the KBO register.
- How many employees does ETS ALLAERT - MOULARD have?
- ETS ALLAERT - MOULARD had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ETS ALLAERT - MOULARD fall under?
- In its 2023 annual accounts, ETS ALLAERT - MOULARD states joint committee 201 (Independent retail).
- What is the turnover of ETS ALLAERT - MOULARD?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €196,131 and 32 comparable companies (NACE 47110). It probably lies between €1.3m and €2.3m.
- Is ETS ALLAERT - MOULARD profitable?
- In financial year 2025, ETS ALLAERT - MOULARD made a profit of €9,241.
- Where can I find the annual accounts of ETS ALLAERT - MOULARD?
- ETS ALLAERT - MOULARD filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ETS ALLAERT - MOULARD due?
- ETS ALLAERT - MOULARD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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