Equity
€1.8m ▲ 4.3%
Etablissementen J. Ballière has made a profit without a break since 2007.
Etablissementen J. Ballière
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €1.3m (2019)
€870,278▼ 9.8%
lowest -€33,775 (2006)
€76,065▼ 39.0%
peak €1.8m (2025)
€1.8m▲ 4.3%
€1.0m▲ 5.0%
peak 17.1 FTE (2017)
10.5 FTE▼ 7.1%
Board3 names since 2019
2 directorsCHARLOTTE TRADING and 1 other
Owners
99.02%CHARLOTTE TRADING
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €124,607 to €76,065Cash from €311,572 to €522,022
Key points
from the 2025 annual accountsTurnover
≈ €2.0m estimated
The accounts state no turnover.
Staff
10.5 FTE from 17.1 in 2017
Between 2017 and 2025, 39% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
Eight of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.
At the same address
5 companies
Position in the sector
63.8%
Higher solvency than 81% of companies in clothing. Sector median 45.4% · 50 companies.
Checked score
95
Excellent
Financially stronger than 62% of small companies in clothing (NACE 14)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 34 companies (NACE 14, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025highest value
11-2025: 0.1%▼ -0.2 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.69, cash €522,022
Founded in 1973
Equity €1.8m (63.8% of total assets)
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 14, small). It does better than 71% of them on solvency, 74% on liquidity, 41% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 14,766 companies had the same profile as Etablissementen J. Ballière has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Etablissementen J. Ballière itself: 0.1% 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 14,766 companies, not a prediction for Etablissementen J. Ballière. 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 €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.69 (2.68 in 2024), above the usual 1.5. Short-term debt is 35.6% and cash 18.1% of total assets. 36.2% 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 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 days late
2024
69 days late
2023
61 days late
2022
31 days late
2021
61 days late
2020
31 days late
2019
122 days late
← 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 58 days after the deadline. In the sector (NACE 14), the median for financial year 2024 was 6 days before the deadline, and 35% 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 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CHARLOTTE TRADING 99.02%score 93equity €1.9m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412972550
Appointment: Charlotte Trading NV (managing director)
Permanent representative: Koen Balliere · Gazette deed
2 directors reappointed
Reappointments: TANT Hilde Anna Simonne (director) and CHARLOTTE TRADING (director) · Permanent representative: BALLIERE Koen · Change of role: BALLIERE Koen, from director to managing director · General meeting of 12-05-2023 · Gazette deed
First establishment
Marcel Windelsstraat 31, Waregem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Etablissementen J. Ballière Waregem | €2.9m | €0.9m | 63.8% | 10.5 |
| CONFECT. SCHOCKAERT Erpe-Mere | €2.9m | €1.6m | 70.9% | 11.8 |
| DELTA PLUS BENELUX Bruges | €1.9m | €1.9m | 33.1% | 10.6 |
| GYMP Waregem | €1.6m | €0.8m | 12.0% | 15.5 |
| Atelier Vic Kortrijk | €2.2m | €0.6m | 35.2% | 4.7 |
| GYSEMANS CLOTHING INDUSTRY Rotselaar | €4.2m | €0.7m | 68.7% | 6.4 |
| ROVECO Ronse | €4.8m | €1.4m | 75.6% | 16.7 |
These companies have the same main activity as Etablissementen J. Ballière: manufacture of outerwear (NACE 14210). They are comparable in size and age: total assets between €1.6m and €4.8m, founded between 1976 and 1992.
Official details
Source: KBO- Status
- Active since 13-02-1973Normal situation
- Activity
- Manufacture of outerwearNACE 14210and 1 other
- Joint committees
- 109Clothing and garment industry
- 215White-collar workers in the clothing and garment industry · annual accounts 2025
- Establishment unit
- 2.007.998.9788790 Waregem, since 01-03-1973
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €2.9m▲ 4.5%
- Employeeson 31-12-2025
- 10▼ 28.6%
- Filing
- Filed on 31-08-2026
Insights on Etablissementen J. Ballière
Etablissementen J. Ballière has existed since 1973. The gross margin grew from €636,850 in 2006 to €870,278 in 2025, while staff fell from 16.3 to 10.5 full-time equivalents.
CHARLOTTE TRADING holds 99.02% of the shares. In January 2024, the Official Gazette published the appointment of CHARLOTTE TRADING as managing director.
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 Etablissementen J. Ballière
- What is the company number of Etablissementen J. Ballière?
- The company number of Etablissementen J. Ballière is 0412.972.550. The VAT number is the same number with BE in front: BE 0412.972.550.
- Where is Etablissementen J. Ballière based?
- The registered office is at Marcel Windelsstraat 31, 8790 Waregem.Company details
- What does Etablissementen J. Ballière do?
- According to the KBO register, the main activity is manufacture of outerwear (NACE 14210).
- What is the legal form of Etablissementen J. Ballière?
- Etablissementen J. Ballière is a public limited company (NV).
- When was Etablissementen J. Ballière founded?
- Etablissementen J. Ballière was founded on 13-02-1973.
- Is Etablissementen J. Ballière still active?
- Yes, Etablissementen J. Ballière is an active enterprise in the KBO register.
- How many employees does Etablissementen J. Ballière have?
- Etablissementen J. Ballière had an average of 10.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Etablissementen J. Ballière fall under?
- In its 2025 annual accounts, Etablissementen J. Ballière states joint committees 109 (Clothing and garment industry) and 215 (White-collar workers in the clothing and garment industry).
- What is the turnover of Etablissementen J. Ballière?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €870,278 and 2,275 comparable companies of the same size. It probably lies between €1.2m and €3.5m. It is a rough estimate.
- Is Etablissementen J. Ballière profitable?
- In financial year 2025, Etablissementen J. Ballière made a profit of €76,065.
- Where can I find the annual accounts of Etablissementen J. Ballière?
- Etablissementen J. Ballière filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Etablissementen J. Ballière due?
- Etablissementen J. Ballière must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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