GENERAL V
ActiveSummary
GENERAL V has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1,157 and a net result of €8,641. Equity is shrinking by ~11.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100▲+24
Solvency29▼-37
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-08-2026, 91 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
91 d early
2025
26 d late
2024
on the day
2023
30 d late
2022
23 d late
2021
44 d early
2020
12 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 6 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 23 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,641▲ 70.7%
2025 · €5,062
Working capital
€1,105▼ 91.8%
2025 · €13,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, 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
Line20222023202420252026
Operating result€9,021-€653-€6,546▼ 903%€5,153€8,788▲ 70.5%
Net result€8,756within the sector's middle half-€919within the sector's middle half-€6,643within the sector's middle half▼ 623%€5,062within the sector's middle half€8,641▲ 70.7%
Equity€16,016within the sector's middle half▲ 121%€15,097within the sector's middle half▼ 5.7%€8,455within the sector's middle half▼ 44.0%€13,516within the sector's middle half▲ 59.9%€1,157▼ 91.4%
Total assets€19,546below the sector's middle half▲ 29.1%€27,246below the sector's middle half▲ 39.4%€17,334below the sector's middle half▼ 36.4%€32,956below the sector's middle half▲ 90.1%€30,836▼ 6.4%
Debt€2,552▼ 67.6%€12,149▲ 376%€8,879▼ 26.9%€19,440▲ 119%€29,679▲ 52.7%
Working capital€16,748within the sector's middle half▲ 146%€14,383within the sector's middle half▼ 14.1%€8,403within the sector's middle half▼ 41.6%€13,464within the sector's middle half▲ 60.2%€1,105▼ 91.8%
Solvency81.9%above the sector's middle half▲ 34.0pp55.4%within the sector's middle half▼ 26.5pp48.8%within the sector's middle half▼ 6.6pp41.0%within the sector's middle half▼ 7.8pp3.8%▼ 37.3pp
Current ratio7.56above the sector's middle half▲ 5.702.18within the sector's middle half▼ 5.381.95within the sector's middle half▼ 0.241.69within the sector's middle half▼ 0.251.04▼ 0.66
Return on assets (ROA)44.8%above the sector's middle half▲ 106.0pp-3.4%within the sector's middle half▼ 48.2pp-38.3%below the sector's middle half▼ 34.9pp15.4%above the sector's middle half▲ 53.7pp28.0%▲ 12.7pp
Staff (FTE)111=
above
within
below
the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 71% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €30,836
Fixed assets
€52 =
Current assets
€30,784 ▼ 6.4%
Equity and liabilities €30,836
Equity
€1,157 ▼ 91.4%
Debt
€29,679 ▲ 52.7%
Debt's share of the balance-sheet total rises from 59.0% to 96.2%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
25.65▲
2025 · 1.44
ROE
746.9%▲
2025 · 37.4%
Debt ≤ 1 year
€29,679▲
2025 · €19,440
Income taxes
€0▼
2025 · €0
Staff costs
€18,202▼
2025 · €21,108
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 931 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,000 | €2,588 | ▲ 29.4% |
| Remuneration, social security and pensions62 | €3,253 | €9,163 | €10,012 | €21,108 | €18,202 | ▼ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €194 | €194 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,300 | - | - | - |
| Other operating charges640/8 | €297 | €323 | €340 | €59 | €88 | ▲ 50.0% |
| Non-recurring operating charges66A | €387 | €120 | €3,042 | €3,964 | €1,304 | ▼ 67.1% |
| Gross operating margin9900 | €13,151 | €9,148 | €8,148 | €30,284 | €28,382 | ▼ 6.3% |
| Operating profit (loss)9901 | €9,021 | -€653 | -€6,546 | €5,153 | €8,788 | ▲ 70.5% |
| Financial income75/76B | - | €0 | €1 | €24 | €1 | ▼ 94.8% |
| Recurring financial income75 | - | €0 | €1 | €24 | €1 | ▼ 94.8% |
| Financial charges65/66B | €51 | €40 | €97 | €115 | €149 | ▲ 28.8% |
| Recurring financial charges65 | €51 | €40 | €97 | €115 | €149 | ▲ 28.8% |
| Profit (loss) for the period before taxes9903 | €8,969 | -€693 | -€6,642 | €5,062 | €8,641 | ▲ 70.7% |
| Income taxes67/77 | €213 | €227 | €0 | €0 | €0 | ▼ 51.7% |
| Profit (loss) for the period9904 | €8,756 | -€919 | -€6,643 | €5,062 | €8,641 | ▲ 70.7% |
| Profit (loss) for the period to be appropriated9905 | €8,756 | -€919 | -€6,643 | €5,062 | €8,641 | ▲ 70.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,546 | €27,246 | €17,334 | €32,956 | €30,836 | ▼ 6.4% |
| Fixed assets21/28 | €246 | €714 | €52 | €52 | €52 | = |
| Tangible fixed assets22/27 | €194 | €662 | €0 | - | - | - |
| Plant, machinery and equipment23 | €194 | - | - | - | - | - |
| Furniture and vehicles24 | - | €662 | €0 | - | - | - |
| Financial fixed assets28 | €52 | €52 | €52 | €52 | €52 | = |
| Current assets29/58 | €19,300 | €26,532 | €17,282 | €32,904 | €30,784 | ▼ 6.4% |
| Stocks and contracts in progress3 | €1,500 | €1,500 | €200 | €200 | - | - |
| Stocks30/36 | €1,500 | €1,500 | €200 | €200 | - | - |
| Amounts receivable within one year40/41 | €7,607 | €7,607 | €7,777 | €6,755 | €4,839 | ▼ 28.4% |
| Trade receivables40 | €6,707 | €6,707 | €6,877 | €5,133 | €3,656 | ▼ 28.8% |
| Other amounts receivable41 | €900 | €900 | €900 | €1,622 | €1,183 | ▼ 27.1% |
| Cash at bank and in hand54/58 | €7,581 | €15,717 | €6,518 | €23,946 | €25,945 | ▲ 8.3% |
| Deferred charges and accrued income490/1 | €2,611 | €1,708 | €2,786 | €2,003 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,546 | €27,246 | €17,334 | €32,956 | €30,836 | ▼ 6.4% |
| Equity10/15 | €16,016 | €15,097 | €8,455 | €13,516 | €1,157 | ▼ 91.4% |
| Contributions10/11 | €18,623 | €18,623 | €20,319 | €20,319 | €20,319 | = |
| Reserves13 | €1,696 | €1,696 | - | - | - | - |
| Non-distributable reserves130/1 | €1,696 | €1,696 | - | - | - | - |
| Reserves not available under the articles1311 | €1,696 | €1,696 | - | - | - | - |
| Profit (loss) carried forward14 | -€4,303 | -€5,222 | -€11,865 | -€6,803 | -€19,162 | ▼ 182% |
| Provisions and deferred taxes16 | €978 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €978 | - | - | - | - | - |
| Pensions and similar obligations160 | €978 | - | - | - | - | - |
| Amounts payable17/49 | €2,552 | €12,149 | €8,879 | €19,440 | €29,679 | ▲ 52.7% |
| Amounts payable within one year42/48 | €2,552 | €12,149 | €8,879 | €19,440 | €29,679 | ▲ 52.7% |
| Trade debts44 | €993 | €2,026 | €3,108 | €2,563 | €2,228 | ▼ 13.1% |
| Suppliers440/4 | €993 | €2,026 | €3,108 | €2,563 | €2,228 | ▼ 13.1% |
| Taxes, remuneration and social security45 | €561 | €696 | €661 | €3,646 | €7,562 | ▲ 107% |
| Taxes450/3 | €213 | €227 | - | - | €6,417 | - |
| Remuneration and social security454/9 | €348 | €469 | €661 | €3,646 | €1,144 | ▼ 68.6% |
| Other amounts payable47/48 | €998 | €9,427 | €5,110 | €13,231 | €19,890 | ▲ 50.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,756 | -€919 | -€6,643 | €5,062 | €8,641 | ▲ 70.7% |
| + Depreciation and write-downs630 | €194 | €194 | - | - | - | - |
| Operating cash flow (approximation) | €8,950 | -€725 | -€6,643 | €5,062 | €8,641 | ▲ 70.7% |
| Investment in fixed assets (approximation) | - | -€662 | €662 | €0 | €0 | - |
| Change in cash | - | €8,136 | -€9,199 | €17,428 | €1,999 | ▼ 88.5% |
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 2027, expected by
2026
01-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
31-03
Financial
Back to profitnet €5,062
Net result €5,062 after 2 loss-making years.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
31-03
Financial
Back to profitnet €8,756
Net result €8,756 after 2 loss-making years.
31-03
Financial
Liquidity quadruplescurrent ratio 7.56
Current ratio from 1.87 to 7.56; short-term debt falls from €7,874 to €2,552.
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€9,262
Net result drops to -€9,262, the lowest in the series; recovery starts the following year.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Namur · 1 establishment unit since 2002
Ground area
1,338 m²
Building footprint
219 m²
Volume, LiDAR
608 m³
Parcel 92094B0308/00B007, Wallonia · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MAUGERI COUTURE
since 20022.094.649.177
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094B0308/00B007 | Wallonia | 1,338 m² | 1 · 219 m² | 5.4 m · 1 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 1,089 companies in sector 14210 we hold annual accounts for 213. 27 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 (pre-2019)
Founded31-12-2001
Fiscal year end31-03
Activities, NACEBEL 2025
14210Manufacture of outerwear
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
95290Repair and maintenance of other personal and household goods
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.