Losses
-€8.9m in 18 years
Every financial year from 2008 to 2025 closed with a loss. 2020 was the heaviest.
HALLE RETAIL ASSOCIATE
Lifetime
18 annual accounts with figures on one time axisTurnoverpeak €4.3m (2020)
€2.4m▼ 27.9%
Resultlowest -€1.9m (2020)
-€142,494▲ €187,803
Equitypeak €4.7m (2021)
€3.6m▼ 3.8%
Debts
€271,164▼ 5.9%
Staffpeak 8.9 FTE (2011)
4.8 FTE▲ 380%
Board20 names since 2008all names
3 directorsGiosino CORNACCHIA and 2 others
Owners3 names in the annual accounts
100%CARREFOUR BELGIUM and 1 other
Documentsfilings and deeds
24-06-202637 days before the deadline
2025financial year
Turnover from €3.3m to €2.4mLoss of €142,494Staff from 1 FTE to 4.8 FTEResignation: Sébastien CAYLA (director) 21-103 directors reappointed 07-08Investments €59,589
Key points
from the 2025 annual accountsInvestments
€130,568 6.3 × depreciation
Green is investment, beige is depreciation.
Staff
4.8 FTE ▲ 380%
More staff in 2025 from 1 FTE to 4.8 FTE.
Filings
18 annual accounts since 2008
The last five annual accounts were filed 23 to 37 days before the end of the period.
At the same address
24 companies
Position in the sector
-€142,494
Lower net result than 90% of companies in retail trade. Sector median €39,953 · 5,048 companies.
Checked score
84
Excellent
Financially stronger than 46% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,278 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.3%▼ -0.3 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 14.03, cash €14,117
Loss of €142,494, the second in a row (financial year 2025)
lowers risk
Founded in 2007
Figures for financial year 2025 (filed on 24-06-2026)
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 92% of them on solvency, 54% on liquidity, 17% on profitability and 22% on growth.
The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,908 companies had the same profile as HALLE RETAIL ASSOCIATE has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HALLE RETAIL ASSOCIATE itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,908 companies, not a prediction for HALLE RETAIL ASSOCIATE. 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 €230,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.03 (13.72 in 2024), above the usual 1.5. Short-term debt is 6.9% and cash 0.4% of total assets. 7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€142,494
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
23 days early
2023
37 days early
2022
27 days early
2021
37 days early
2020
18 days early
2019
25 days early
← 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 29 days before 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 25 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CARREFOUR BELGIUM 100%score 65equity €42.5m (2025) · annual accounts 2025
Recent changes
New establishment in Courcelles
EXPRESS 0812, Place Franklin D. Roosevelt 56
Resignation: Pascal BOON (director)
Appointment: Sophie LEROUGE (director) · Director discharge: Pascal BOON · General meeting of 16 06 2026 · Gazette deed
New establishment in Lasne
EXPRESS, Route de l'Etat 47
Resignation: Sébastien CAYLA (director)
Appointment: Matthias LOCKER (director) · Director discharge: Sébastien CAYLA · General meeting of 23 09 2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| HALLE RETAIL ASSOCIATE Zaventem | €2.4m | -8.4% | 93.0% | 4.8 |
| A TABLE ! - MAISON FROMAGERE Hannut | €1.6m | 2.0% | 20.3% | 6 |
| RETAIL SERVICES MANAGEMENT Tournai | €1.1m | 18.2% | 57.8% | 4 |
| M.L.P. Schaerbeek | €3.4m | 4.4% | 51.3% | 9.5 |
| LAMBERTDIS Manhay | €4.2m | 2.5% | 16.6% | 8.1 |
| LA BIOSPHERE Chaumont-Gistoux | €3.3m | 3.4% | -0.9% | 7 |
| ALIMENTATION H. BRASSEUR ET FILS Vresse-sur-Semois | €3.2m | 2.7% | 53.1% | 5.5 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HALLE RETAIL ASSOCIATE: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €977,000 and €7m, founded between 1995 and 2011.
Official details
Source: KBO- Status
- Active since 21-11-2007Normal situation
- Registered office
- 25 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.175.690.2041930 Zaventem, since 21-11-2007
- 2.383.216.7541380 Lasne, since 05-01-2026and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- Total assets
- €3.9m▼ 4.0%
- Employeeson 31-12-2025
- 4▲ 300%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Companies linked to HALLE RETAIL ASSOCIATE
Parent and group
Insights on HALLE RETAIL ASSOCIATE
HALLE RETAIL ASSOCIATE has existed since 2007. In 2009 turnover rose from €263,639 to €1.9m and staff from 2 to 8.8 full-time equivalents.
CARREFOUR BELGIUM holds all the shares.
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 HALLE RETAIL ASSOCIATE
- What is the company number of HALLE RETAIL ASSOCIATE?
- The company number of HALLE RETAIL ASSOCIATE is 0893.617.448. The VAT number is the same number with BE in front: BE 0893.617.448.
- Where is HALLE RETAIL ASSOCIATE based?
- The registered office is at Da Vincilaan 3, 1930 Zaventem.Company details
- What does HALLE RETAIL ASSOCIATE do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of HALLE RETAIL ASSOCIATE?
- HALLE RETAIL ASSOCIATE is a public limited company (NV).
- When was HALLE RETAIL ASSOCIATE founded?
- HALLE RETAIL ASSOCIATE was founded on 21-11-2007.
- Is HALLE RETAIL ASSOCIATE still active?
- Yes, HALLE RETAIL ASSOCIATE is an active enterprise in the KBO register.
- How many employees does HALLE RETAIL ASSOCIATE have?
- HALLE RETAIL ASSOCIATE had an average of 4.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HALLE RETAIL ASSOCIATE fall under?
- In its 2025 annual accounts, HALLE RETAIL ASSOCIATE states joint committee 201 (Independent retail).
- What is the turnover of HALLE RETAIL ASSOCIATE?
- The turnover of HALLE RETAIL ASSOCIATE was €2.4m in financial year 2025, according to the filed annual accounts.
- Is HALLE RETAIL ASSOCIATE profitable?
- In financial year 2025, HALLE RETAIL ASSOCIATE made a loss of €142,494.
- Where can I find the annual accounts of HALLE RETAIL ASSOCIATE?
- HALLE RETAIL ASSOCIATE filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HALLE RETAIL ASSOCIATE due?
- HALLE RETAIL ASSOCIATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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