FULL CONCEPT
ActiveSummary
FULL CONCEPT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €683,375 and a net result of -€2,959. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 95% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 20.65 against 16.89 in 2024; short-term debt: 2.8% and cash: 47.4% of total assets), and 2.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.2%
Return on assets
-0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
15 d late
2024
21 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 company by equity in Wanze, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,959
2024 · €10,410
Working capital
€393,555▲ 2.5%
2024 · €383,793
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€44,333▲ 1.9%€56,965▲ 28.5%-€9,508€8,927-€6,156
Net result€31,591within the sector's middle half▼ 3.2%€40,146within the sector's middle half▲ 27.1%-€8,465below the sector's middle half€10,410within the sector's middle half-€2,959below the sector's middle half
Equity€618,255within the sector's middle half▲ 5.4%€683,901within the sector's middle half▲ 10.6%€676,424within the sector's middle half▼ 1.1%€686,334within the sector's middle half▲ 1.5%€683,375above the sector's middle half▼ 0.4%
Total assets€656,075within the sector's middle half▼ 3.6%€690,385within the sector's middle half▲ 5.2%€686,058within the sector's middle half▼ 0.6%€710,488within the sector's middle half▲ 3.6%€703,405within the sector's middle half▼ 1.0%
Debt€37,819▼ 59.7%€6,484▼ 82.9%€9,634▲ 48.6%€24,154▲ 151%€20,030▼ 17.1%
Working capital€598,836▲ 5.1%€355,519▼ 40.6%€358,167▲ 0.7%€383,793▲ 7.2%€393,555▲ 2.5%
Solvency94.2%above the sector's middle half▲ 8.0pp99.1%above the sector's middle half▲ 4.8pp98.6%above the sector's middle half▼ 0.5pp96.6%above the sector's middle half▼ 2.0pp97.2%above the sector's middle half▲ 0.6pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,156 after €8,927 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €703,405
Fixed assets
€289,820 ▼ 4.2%
Current assets
€413,585 ▲ 1.4%
Equity and liabilities €703,405
Equity
€683,375 ▼ 0.4%
Debt
€20,030 ▼ 17.1%
Debt's share of the balance-sheet total falls from 3.4% to 2.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,369▼
2024 · €24,643
Cash flow
€12,567▼
2024 · €26,126
Current ratio
20.65▲
2024 · 16.89
Debt to equity
0.03▼
2024 · 0.04
ROE
-0.4%▼
2024 · 1.5%
ROA
-0.4%▼
2024 · 1.5%
Interest coverage
38.05▼
2024 · 85.36
Debt ≤ 1 year
€20,030▼
2024 · €24,154
Income taxes
€520▼
2024 · €1,954
Staff costs
€142▲
2024 · €43
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €117,052 | - | - | - | - |
| Remuneration, social security and pensions62 | €705 | €753 | €19 | €43 | €142 | ▲ 233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,811 | €7,867 | €21,113 | €15,716 | €15,526 | ▼ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €33,284 | - | - | - | - |
| Other operating charges640/8 | €5,863 | €508 | €209 | €350 | €7,993 | ▲ 2,184% |
| Gross operating margin9900 | €66,713 | €99,377 | €11,832 | €25,035 | €17,505 | ▼ 30.1% |
| Operating profit (loss)9901 | €44,333 | €56,965 | -€9,508 | €8,927 | -€6,156 | ▼ 169% |
| Financial income75/76B | €32 | €10 | €1,058 | €3,726 | €3,963 | ▲ 6.4% |
| Recurring financial income75 | €32 | €10 | €1,058 | €3,726 | €3,963 | ▲ 6.4% |
| Financial charges65/66B | €572 | €671 | €291 | €289 | €246 | ▼ 14.7% |
| Recurring financial charges65 | €572 | €671 | €291 | €289 | €246 | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | €43,793 | €56,304 | -€8,741 | €12,364 | -€2,439 | ▼ 120% |
| Income taxes67/77 | €12,202 | €16,158 | -€277 | €1,954 | €520 | ▼ 73.4% |
| Profit (loss) for the period9904 | €31,591 | €40,146 | -€8,465 | €10,410 | -€2,959 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €31,591 | €40,146 | -€8,465 | €10,410 | -€2,959 | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €656,075 | €690,385 | €686,058 | €710,488 | €703,405 | ▼ 1.0% |
| Fixed assets21/28 | €19,420 | €328,382 | €318,257 | €302,541 | €289,820 | ▼ 4.2% |
| Tangible fixed assets22/27 | €19,271 | €78,233 | €58,108 | €42,392 | €29,671 | ▼ 30.0% |
| Plant, machinery and equipment23 | €19,271 | €5,397 | - | - | - | - |
| Furniture and vehicles24 | - | €72,837 | €58,108 | €42,392 | €29,671 | ▼ 30.0% |
| Financial fixed assets28 | €149 | €250,149 | €260,149 | €260,149 | €260,149 | = |
| Current assets29/58 | €636,655 | €362,003 | €367,801 | €407,947 | €413,585 | ▲ 1.4% |
| Stocks and contracts in progress3 | €13,847 | - | - | - | - | - |
| Stocks30/36 | €13,847 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €204,459 | €121,622 | €124,408 | €96,235 | €75,184 | ▼ 21.9% |
| Trade receivables40 | €195,059 | €92,667 | €103,891 | €87,980 | €66,015 | ▼ 25.0% |
| Other amounts receivable41 | €9,400 | €28,955 | €20,517 | €8,255 | €9,169 | ▲ 11.1% |
| Current investments50/53 | - | - | - | €5,000 | €5,000 | = |
| Cash at bank and in hand54/58 | €418,349 | €240,381 | €243,393 | €306,712 | €333,401 | ▲ 8.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €656,075 | €690,385 | €686,058 | €710,488 | €703,405 | ▼ 1.0% |
| Equity10/15 | €618,255 | €683,901 | €676,424 | €686,334 | €683,375 | ▼ 0.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €74,665 | €100,165 | €100,165 | €100,165 | €100,165 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €35,044 | €35,044 | €35,044 | €35,044 | €35,044 | = |
| Distributable reserves133 | €37,762 | €63,262 | €63,262 | €63,262 | €63,262 | = |
| Profit (loss) carried forward14 | €524,990 | €565,136 | €557,659 | €567,569 | €564,610 | ▼ 0.5% |
| Amounts payable17/49 | €37,819 | €6,484 | €9,634 | €24,154 | €20,030 | ▼ 17.1% |
| Amounts payable within one year42/48 | €37,819 | €6,484 | €9,634 | €24,154 | €20,030 | ▼ 17.1% |
| Trade debts44 | - | - | - | - | €1,688 | - |
| Suppliers440/4 | - | - | - | - | €1,688 | - |
| Taxes, remuneration and social security45 | €19,819 | €6,484 | €9,624 | €14,154 | €11,342 | ▼ 19.9% |
| Taxes450/3 | €8,868 | €812 | €228 | €8,805 | €7,326 | ▼ 16.8% |
| Remuneration and social security454/9 | €10,951 | €5,672 | €9,396 | €5,349 | €4,016 | ▼ 24.9% |
| Other amounts payable47/48 | €18,000 | - | €10 | €10,000 | €7,000 | ▼ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,591 | €40,146 | -€8,465 | €10,410 | -€2,959 | ▼ 128% |
| + Depreciation and write-downs630 | €15,811 | €7,867 | €21,113 | €15,716 | €15,526 | ▼ 1.2% |
| Operating cash flow (approximation) | €47,402 | €48,012 | €12,648 | €26,126 | €12,567 | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | -€316,829 | -€10,988 | €0 | -€2,805 | - |
| Change in cash | - | -€177,968 | €3,012 | €63,319 | €26,689 | ▼ 57.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 15 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
31-12
Financial
Back to profitnet €10,410
Net result €10,410 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€8,465
Net result drops to -€8,465, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 55.83
Current ratio from 16.83 to 55.83; short-term debt falls from €37,819 to €6,484.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 16.83
Current ratio from 7.99 to 16.83; short-term debt falls from €81,532 to €37,819.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wanze · 1 establishment unit since 2001
Ground area
4,566 m²
Building footprint
108 m²
Volume, LiDAR
1,048 m³
Parcel 61070B0263/00E000, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Wanzoul(VIN) 29, 4520 Wanze
since 20012.098.360.715
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61070B0263/00E000 | Wallonia | 4,566 m² | 1 · 108 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,226 companies in sector 47781 we hold annual accounts for 743. 495 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475013651
Also
9925:BE0475013651
Registered
25-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.