GARANCE PRODUCTION
ActiveGARANCE PRODUCTION has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+37
Solvency30▲+2
Growth72▲+18
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 7.2 against 1.06 in 2024; short-term debt: 9% and cash: 11.8% of total assets), but 94.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
5.2%
Return on assets
4.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 10359 sector peers (2025).
NBB · sector comparisonPosition among 10359 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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
39 d late
2024
31 d late
2022
25 d late
2021
58 d late
2020
30 d late
2019
47 d late
2018
29 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€356k▲ 44.2%
2024 · €247k
2018: €87k
2021: €103k
2022: €120k
2024: €247k
2018 → 2025
EBIT margin
6.4%▲ 10.3pp
2024 · -3.9%
2018: 16.8%
2021: 6.7%
2022: 5.2%
2024: -3.9%
2018 → 2025
Net result
€10k
2024 · €-17k
2018: €6k
2019: €-9k
2020: €-93k
2021: €2k
2022: €507
2024: €-17k
2018 → 2025
Working capital
€131k▲ 1,179%
2024 · €10k
2018: €79k
2019: €115k
2020: €36k
2021: €30k
2022: €26k
2024: €10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Turnover€103k€120k▲ 16.4%€247k▲ 107%€356k▲ 44.2%
Equity€23k-€25k▲ 8.9%€26k▲ 2.0%€10k▼ 63.2%€12k▲ 26.7%
Operating result€-88k-€7k€6k▼ 8.7%€-10k€23k
Net result€-93k-€2k€507▼ 75.6%€-17k€10k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €23k after a loss of €10k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€82k▼ 10.7%
Current assets
€152k▼ 18.6%
Equity and liabilities €234k
Equity
€12k▲ 26.7%
Debt
€222k▼ 17.5%
The debt ratio falls from 96.6% to 94.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2024 · €-4k
Cash flow
€23k▲
2024 · €-11k
Solvency
5.2%▲
2024 · 3.4%
Current ratio
7.20▲
2024 · 1.06
Quick ratio
2.60▲
2024 · 0.59
Debt / equity
18.39▼
2024 · 28.25
ROE
83.1%▲
2024 · -181.2%
ROA
4.3%▲
2024 · -6.2%
Interest coverage
2.29▲
2024 · -0.46
Debt
€222k▼
2024 · €270k
Debt ≤ 1 year
€21k▼
2024 · €177k
Debt > 1 year
€196k▲
2024 · €93k
Income taxes
€304▲
2024 · €109
Staff costs
€13k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€279k€234k▼
Fixed assets21/28€92k€82k▼
Tangible fixed assets22/27€92k€82k▼
Land and buildings22€80k€71k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€7k€5k▼
Current assets29/58€187k€152k▼
Amounts receivable after more than one year29€27k€24k▼
Other amounts receivable291€27k€24k▼
Stocks and contracts in progress3€84k€97k▲
Stocks30/36€84k€97k▲
Amounts receivable within one year40/41€46k€1k▼
Trade receivables40€34k-
Other amounts receivable41€12k€1k▼
Cash at bank and in hand54/58€27k€28k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€279k€234k▼
Equity10/15€10k€12k▲
Contributions10/11€14k€14k=
Capital10€14k€14k=
Issued capital100€19k€19k=
Uncalled capital101€5k€5k=
Reserves13€16k€16k=
Non-distributable reserves130/1€438€438=
Legal reserve130€438€438=
Tax-exempt reserves132€10k€10k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-20k€-17k▲
Amounts payable17/49€270k€222k▼
Amounts payable after more than one year17€93k€196k▲
Financial debts170/4€93k€196k▲
Amounts payable within one year42/48€177k€21k▼
Financial debts43€67k€12k▼
Credit institutions430/8€67k€12k▼
Trade debts44€77k€5k▼
Suppliers440/4€77k€5k▼
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€225€4k▲
Remuneration and social security454/9€811-
Other amounts payable47/48€31k€172▼
Accrued charges and deferred income492/3€37€5k▲
Income statement
Code20242025
Turnover70€247k€356k▲
Goods, raw materials, services and sundry goods60/61€258k€316k▲
Remuneration, social security and pensions62€3k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€2k€53k▲
Operating profit (loss)9901€-10k€23k▲
Financial income75/76B€916€3k▲
Recurring financial income75€916€3k▲
Financial charges65/66B€8k€15k▲
Recurring financial charges65€8k€15k▲
Profit (loss) for the period before taxes9903€-17k€10k▲
Income taxes67/77€109€304▲
Profit (loss) for the period9904€-17k€10k▲
Profit (loss) for the period to be appropriated9905€-17k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-10k▲
Profit (loss) brought forward from the previous period14P€-3k€-20k▼
Profit to be distributed694/7-€8k
Directors or managers695-€8k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 39 days late
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 7.20
Current ratio from 1.06 to 7.20; short-term debt falls from €177k to €21k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ukkel · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zijlaan 31180 UkkelGround area
238 m²
Building footprint
95 m²
Volume, LiDAR
1,211 m³
Parcel 21612D0340/00R000, Brussels · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FIVE FASHION
since 19922.055.556.989
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0340/00R000 | Brussels | 238 m² | 1 · 95 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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OR-FEE
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BENCORP
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VERPO
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Of 657 companies in sector 47715 we hold annual accounts for 187. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-1991
Fiscal year end31-12
Activities, NACEBEL
47715Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:gaelle@fivefashion.be
Phone:02/374.89.00
Fax:02/374.95.00