Losses
-€10,859 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
EXPLOSIVE
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €34,868 (2013)
€9,595▲ 890%
lowest -€14,242 (2007)
-€8,657▼ €6,455
peak €62,543 (2019)
€50,021▼ 14.8%
€36,590▼ 19.4%
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €969 to €9,595Loss of €8,657Equity from €58,678 to €50,021Debts from €45,381 to €36,590
Key points
from the 2025 annual accountsFilings
36 annual accounts since 1990
Ten of the last ten came late. The 2022 accounts came latest: 262 days after the end of the period.
Position in the sector
-€8,657
Lower net result than 81% of companies in retail trade. Sector median €5,052 · 22,922 companies.
Checked score
65
Healthy
Financially stronger than 44% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 0.6%▼ -0.5 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.5 percentage points vs 07-2026
09-2026: 1.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.2%● unchanged vs 09-2026highest value
11-2026: 1.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €8,657, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
Size: total assets €86,611
lowers risk
Founded in 1989
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 71% of them on solvency, 49% on liquidity, 34% on profitability and 23% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 12,322 companies had the same profile as EXPLOSIVE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EXPLOSIVE itself is higher: 1.2% within 12 months. It rests on far more data about EXPLOSIVE than the profile alone.
Test of the method
The method was tested on the 497,448 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 12,322 companies, not a prediction for EXPLOSIVE. 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 €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (2.21 in 2024), below the usual 1.5. Short-term debt is 17.1% and cash 2.4% of total assets. 42.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 days late
2024
29 days late
2023
29 days late
2022
262 days late
2021
29 days late
2020
30 days late
2019
28 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 62 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 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439416532
First establishment
MMM Collection, Rue Mitoyenne 88, Lontzen
Incorporation
published on 27-01-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXPLOSIVE Lontzen | €86,611 | €9,595 | 57.8% | - |
| P en M SOCKS Liedekerke | €92,430 | €9,916 | -150.8% | - |
| B. SPORTS SPRL Jalhay | €89,671 | €7,100 | 34.6% | - |
| FROU-FROU Awans | €62,471 | €9,618 | 95.9% | - |
| J. WAUTELET RAVIGNAT Eghezée | €96,260 | €14,142 | 49.6% | - |
| Arcadia - Bastogne Bastogne | €123,963 | €9,068 | 9.8% | - |
| JANCO Diest | €85,875 | €14,735 | 5.9% | - |
These companies have the same main activity as EXPLOSIVE: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €62,500 and €124,000, founded between 1984 and 1994.
Official details
Source: KBO- Status
- Active since 19-12-1989Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 1 other
- Establishment unit
- 2.046.791.0604710 Lontzen, since 10-03-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Insights on EXPLOSIVE
EXPLOSIVE files the micro format. That format states no turnover. The gross margin fell from €19,627 in 2006 to €9,595 in 2025.
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 EXPLOSIVE
- What is the company number of EXPLOSIVE?
- The company number of EXPLOSIVE is 0439.416.532. The VAT number is the same number with BE in front: BE 0439.416.532.
- Where is EXPLOSIVE based?
- The registered office is at Rue Mitoyenne 88, 4710 Lontzen.Company details
- What does EXPLOSIVE do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of EXPLOSIVE?
- Legal form of EXPLOSIVE: Coöperatieve vennootschap met beperkte aansprakelijkheid.
- When was EXPLOSIVE founded?
- EXPLOSIVE was founded on 19-12-1989.
- Is EXPLOSIVE still active?
- Yes, EXPLOSIVE is an active enterprise in the KBO register.
- What is the turnover of EXPLOSIVE?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €9,595 and 40 comparable companies (NACE 47716). It probably lies between €38,000 and €220,000. It is a rough estimate.Financials
- Is EXPLOSIVE profitable?
- In financial year 2025, EXPLOSIVE made a loss of €8,657.
- Where can I find the annual accounts of EXPLOSIVE?
- EXPLOSIVE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXPLOSIVE due?
- EXPLOSIVE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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