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FAMILY CONCEPT

Active
Private limited companyfounded 2021active for 5 yearsPlace du Perron 7, 4910 Theux, BelgiumKBO/BCE: BE 0775.474.022

The file of FAMILY CONCEPT contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 13.8% (high). The 2025 annual accounts show negative equity (-€131,236) and a net result of €108,521, of which €273,734 non-recurring income. Equity has been shrinking by about 80% per year since 2022. Its solvency ranks better than 9% of 22,773 sector peers (NACE 47, financial year 2025).

Overview

Official details

Source: KBO
Status
Active since 07-10-2021 Normal situation
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716and 5 others
Establishment units
2.324.786.627 4802 Verviers, since 07-10-2021
2.338.853.409 4910 Theux, since 07-10-2021
Financial year end
31 December
Peppol
Reachable since 01-09-2026

Financial position

30 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
13.8%
Annual accounts 2025
Gross margin
€58,603
Turnover
≈ €280,000
estimated
Profit
€108,521
Equity
-€131,236
▲ 45.3%
Total assets
€123,530
▼ 22.3%
Staff
≈ 0.8 FTE
estimated
  • Negative equity on 31-12-2025
  • 2025 accounts filed 17 days after the deadline
Filed on 17-08-2026
Score breakdownraises riskReorganisation plan being carried out (approved, Gazette 24-10-2025)Negative equity -€131,2361 change of registered office in 24 months3 warning signals in 24 months (reorganisation 3)Show the evidence

Checked score

Score 2025
30 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 44% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -106.2% of total assets
Liquidity 48+48
short-term debt 76.2% · cash 31.7%
Profitability 50+50
return on assets 87.9%
Bankruptcy probability within 12 months
13.8% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 2.8% 01-2025: 2.8%● unchanged vs 12-2024 02-2025: 2.8%● unchanged vs 01-2025 03-2025: 2.8%● unchanged vs 02-2025lowest value 04-2025: 2.8%● unchanged vs 03-2025 11-2025: ≥ 25% 12-2025: ≥ 25%● unchanged vs 11-2025 01-2026: ≥ 25%● unchanged vs 12-2025 02-2026: ≥ 25%● unchanged vs 01-2026 03-2026: ≥ 25%● unchanged vs 02-2026 04-2026: ≥ 25%● unchanged vs 03-2026 05-2026: ≥ 25%● unchanged vs 04-2026 06-2026: ≥ 25%● unchanged vs 05-2026highest value 07-2026: ≥ 25%● unchanged vs 06-2026 08-2026: ≥ 25%● unchanged vs 07-2026 09-2026: 15.2%▼ -31.7 percentage points vs 08-2026 10-2026: 13.8%▼ -1.4 percentage points vs 09-2026 11-2026: 13.8%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.89 (0.33 in 2024), below 1. Short-term debt is 76.2% and cash 31.7% of total assets. Equity is negative.
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 6% of them on solvency, 48% on liquidity, 37% on profitability and 85% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises risk
raises risk · Reorganisation plan being carried out (approved, Gazette 24-10-2025)
Belgian Official Gazette
raises risk · Negative equity -€131,236
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 3 warning signals in 24 months (reorganisation 3)
Belgian Official Gazette
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 22773 sector peers (2025).
NBB · sector comparison
Position among 22773 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 4 filings
Deviation from the deadline
2025
17 days late
2024
27 days late
2023
30 days late
2022
59 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 33 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 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€131,236 View
  • Caution: Less equity than 95% of companies in retail tradesector median €41,230 · 22,814 companies -€131,236 View
  • Positive: Back in profit in 2025after a loss of €251,139 in 2024 €108,521 View

Recent changes

  1. · Judicial reorganisation Plan homologationEnterprise Court of Liège · judgment of 21-10-2025
  2. · Judicial reorganisation ExtensionEnterprise Court of Liège · collective agreement · judgment of 01-08-2025
  3. · Gazette deed Registered office moved from Heusy to Theux
All 11 events

Comparable companies

These companies have the same main activity as FAMILY CONCEPT: 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 €98,100 and €132,000, founded between 2020 and 2022.

CompanyTotal assetsGross margin
FAMILY CONCEPT Theux€123,530€58,603
TOPISSIME Verviers€131,176€74,918
AYME Sprimont€120,105€55,855
ASVE Leuven€126,410€53,150
Riwayah Antwerpen€131,674€62,501
SO … Rijkevorsel€132,042€50,716
WeCo Store Liège€98,150€42,459
Full comparison

Key facts about FAMILY CONCEPT

What is the company number of FAMILY CONCEPT?
The company number of FAMILY CONCEPT is 0775.474.022. The VAT number is the same number with BE in front: BE 0775.474.022.
Where is FAMILY CONCEPT based?
The registered office is at Place du Perron 7, 4910 Theux.Company details
What does FAMILY CONCEPT 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 FAMILY CONCEPT?
The legal form of FAMILY CONCEPT is Private limited company (BV).
When was FAMILY CONCEPT founded?
FAMILY CONCEPT was founded on 07-10-2021.
Is FAMILY CONCEPT still active?
Yes, FAMILY CONCEPT is an active enterprise in the KBO register.
What is the turnover of FAMILY CONCEPT?
The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €58,603 and 44 comparable companies (NACE 477). It probably lies between €150,000 and €390,000.Financials
Is FAMILY CONCEPT profitable?
In financial year 2025, FAMILY CONCEPT made a profit of €108,521.
Where can I find the annual accounts of FAMILY CONCEPT?
FAMILY CONCEPT filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FAMILY CONCEPT due?
FAMILY CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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