ILLIS
ActiveSummary
ILLIS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.5m and a net result of €1.6m. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 88% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+28
Solvency100▲+17
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850,000 at 30 days acceptable
Liquidity ample (current ratio 9.2 against 3.1 in 2024; short-term debt: 0.6% and cash: 0.3% of total assets), and 20.6% of the assets are financed with debt.
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Signals
Six 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
79.4%
Return on assets
10.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
25 d late
2023
28 d late
2022
27 d late
2021
3 d early
2020
3 d early
2019
8 d early
← 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 10 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€12.5m▲ 14.6%
2024 · €10.9m
Total assets
€15.7m▼ 15.8%
2024 · €18.7m
Net result
€1.6m
2024 · -€2.3m
Working capital
€801,098▲ 37.9%
2024 · €580,842
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€65,459€135,153▲ 106%€32,324▼ 76.1%-€103,401-€24,207▲ 76.6%
Net result-€49,360below the sector's middle half▲ 50.4%€18,760within the sector's middle half-€185,749below the sector's middle half-€2.3mbelow the sector's middle half▼ 1,122%€1.6mabove the sector's middle half
Equity€13.3mabove the sector's middle half▼ 0.4%€13.3mabove the sector's middle half▲ 0.1%€13.2mabove the sector's middle half▼ 1.4%€10.9mabove the sector's middle half▼ 17.3%€12.5mabove the sector's middle half▲ 14.6%
Total assets€24.3mabove the sector's middle half▲ 0.5%€24.4mabove the sector's middle half▲ 0.4%€24.7mabove the sector's middle half▲ 1.2%€18.7mabove the sector's middle half▼ 24.5%€15.7mabove the sector's middle half▼ 15.8%
Debt€11.0m▲ 1.6%€11.1m▲ 0.7%€11.5m▲ 4.3%€7.8m▼ 32.7%€3.2m▼ 58.4%
Working capital€592,177above the sector's middle half-€7.8mbelow the sector's middle half€646,425above the sector's middle half€580,842above the sector's middle half▼ 10.1%€801,098above the sector's middle half▲ 37.9%
Solvency54.8%within the sector's middle half▼ 0.5pp54.6%within the sector's middle half▼ 0.2pp53.3%within the sector's middle half▼ 1.4pp58.4%within the sector's middle half▲ 5.1pp79.4%above the sector's middle half▲ 21.1pp
Current ratio5.28above the sector's middle half▲ 5.030.10below the sector's middle half▼ 5.182.34within the sector's middle half▲ 2.243.10above the sector's middle half▲ 0.769.20above the sector's middle half▲ 6.10
Return on assets (ROA)-0.2%below the sector's middle half▲ 0.2pp0.1%below the sector's middle half▲ 0.3pp-0.8%below the sector's middle half▼ 0.8pp-12.2%below the sector's middle half▼ 11.4pp10.1%within the sector's middle half▲ 22.3pp
Staff (FTE)4.5within the sector's middle half▲ 137%3.7within the sector's middle half▼ 17.8%4.3within the sector's middle half▲ 16.2%4.1within the sector's middle half▼ 4.7%4.4within the sector's middle half▲ 7.3%
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,207 in 2025 against €103,401 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.7m
Fixed assets
€14.8m ▼ 16.8%
Current assets
€898,821 ▲ 4.8%
Equity and liabilities €15.7m
Equity
€12.5m ▲ 14.6%
Debt
€3.2m ▼ 58.4%
Debt's share of the balance-sheet total falls from 41.6% to 20.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,176▲
2024 · -€72,500
Cash flow
€1.6m▲
2024 · -€2.2m
Quick ratio
7.72▲
2024 · 2.53
Debt to equity
0.26▼
2024 · 0.71
ROE
12.8%▲
2024 · -20.9%
Interest coverage
0.11▲
2024 · -0.18
Debt ≤ 1 year
€97,723▼
2024 · €276,475
Debt > 1 year
€3.1m▼
2024 · €7.5m
Income taxes
€528▼
2024 · €532
Staff costs
€215,633▼
2024 · €219,972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €188,487 | €220,645 | €219,972 | €215,633 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,287 | €26,953 | €30,905 | €30,901 | €31,382 | ▲ 1.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €1,683 | -€878 | -€1,551 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €2,616 | €1,789 | €4,771 | €2,856 | ▼ 40.1% |
| Gross operating margin9900 | €276,946 | €354,892 | €284,784 | €150,691 | €225,665 | ▲ 49.8% |
| Operating profit (loss)9901 | €65,459 | €135,153 | €32,324 | -€103,401 | -€24,207 | ▲ 76.6% |
| Financial income75/76B | - | €1,857 | €13,785 | €4.0m | €6.3m | ▲ 59.2% |
| Recurring financial income75 | €1,665 | €1,857 | €13,785 | €4.0m | €4.6m | ▲ 16.5% |
| Non-recurring financial income76B | - | - | - | - | €1.7m | - |
| Financial charges65/66B | - | €118,250 | €231,575 | €6.2m | €4.7m | ▼ 23.2% |
| Recurring financial charges65 | €116,480 | €118,250 | €231,575 | €409,512 | €64,423 | ▼ 84.3% |
| Non-recurring financial charges66B | - | - | - | €5.7m | €4.7m | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | -€49,356 | €18,760 | -€185,465 | -€2.3m | €1.6m | ▲ 170% |
| Income taxes67/77 | €4 | €0 | €283 | €532 | €528 | ▼ 0.8% |
| Profit (loss) for the period9904 | -€49,360 | €18,760 | -€185,749 | -€2.3m | €1.6m | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | -€49,360 | €18,760 | -€185,749 | -€2.3m | €1.6m | ▲ 170% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.3m | €24.4m | €24.7m | €18.7m | €15.7m | ▼ 15.8% |
| Fixed assets21/28 | €23.6m | €23.6m | €23.6m | €17.8m | €14.8m | ▼ 16.8% |
| Tangible fixed assets22/27 | €117,964 | €122,702 | €104,944 | €74,043 | €48,905 | ▼ 34.0% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €29,970 | €22,730 | €16,392 | €10,054 | ▼ 38.7% |
| Other tangible fixed assets26 | - | €92,732 | €82,214 | €57,650 | €38,850 | ▼ 32.6% |
| Financial fixed assets28 | €23.5m | €23.5m | €23.5m | €17.7m | €14.8m | ▼ 16.7% |
| Current assets29/58 | €730,619 | €826,994 | €1.1m | €857,317 | €898,821 | ▲ 4.8% |
| Amounts receivable after more than one year29 | - | €449,161 | €521,490 | €546,754 | €679,156 | ▲ 24.2% |
| Other amounts receivable291 | - | €449,161 | €521,490 | €546,754 | €679,156 | ▲ 24.2% |
| Stocks and contracts in progress3 | €144,276 | €128,174 | €163,641 | €158,565 | €144,710 | ▼ 8.7% |
| Stocks30/36 | - | €128,174 | €163,641 | €158,565 | €144,710 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €31,610 | €43,218 | €156,674 | €76,793 | €23,571 | ▼ 69.3% |
| Trade receivables40 | - | €43,218 | €139,490 | €73,810 | €8,785 | ▼ 88.1% |
| Other amounts receivable41 | - | - | €17,184 | €2,983 | €14,787 | ▲ 396% |
| Cash at bank and in hand54/58 | €174,602 | €203,603 | €282,564 | €66,313 | €45,488 | ▼ 31.4% |
| Deferred charges and accrued income490/1 | - | €2,838 | €4,692 | €8,891 | €5,895 | ▼ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.3m | €24.4m | €24.7m | €18.7m | €15.7m | ▼ 15.8% |
| Equity10/15 | €13.3m | €13.3m | €13.2m | €10.9m | €12.5m | ▲ 14.6% |
| Contributions10/11 | €13.3m | €13.3m | €13.3m | €13.3m | €13.3m | = |
| Capital10 | - | €13.3m | €13.3m | €13.3m | €13.3m | = |
| Issued capital100 | - | €13.3m | €13.3m | €13.3m | €13.3m | = |
| Reserves13 | €207,843 | €207,843 | €207,843 | €207,843 | €207,843 | = |
| Non-distributable reserves130/1 | - | €12,750 | €12,750 | €12,750 | €12,750 | = |
| Legal reserve130 | - | €12,750 | €12,750 | €12,750 | €12,750 | = |
| Tax-exempt reserves132 | - | €25,093 | €25,093 | €25,093 | €25,093 | = |
| Distributable reserves133 | - | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Profit (loss) carried forward14 | -€167,874 | -€149,113 | -€334,862 | -€2.6m | -€1.0m | ▲ 61.2% |
| Provisions and deferred taxes16 | €746 | €2,429 | €1,551 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €2,429 | €1,551 | €0 | - | - |
| Other liabilities and charges164/5 | - | €2,429 | €1,551 | €0 | - | - |
| Amounts payable17/49 | €11.0m | €11.1m | €11.5m | €7.8m | €3.2m | ▼ 58.4% |
| Amounts payable after more than one year17 | €10.8m | €2.4m | €11.0m | €7.5m | €3.1m | ▼ 58.3% |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Other amounts payable178/9 | - | €2.4m | €11.0m | €7.5m | €3.1m | ▼ 58.3% |
| Amounts payable within one year42/48 | €138,442 | €8.6m | €482,636 | €276,475 | €97,723 | ▼ 64.7% |
| Current portion of amounts payable after more than one year42 | - | €8.4m | €0 | - | - | - |
| Trade debts44 | €83,493 | €174,656 | €441,595 | €242,964 | €72,702 | ▼ 70.1% |
| Suppliers440/4 | - | €174,656 | €441,595 | €242,964 | €72,702 | ▼ 70.1% |
| Taxes, remuneration and social security45 | - | €25,094 | €18,904 | €19,211 | €18,803 | ▼ 2.1% |
| Taxes450/3 | - | €11,520 | €43 | €530 | €525 | ▼ 0.9% |
| Remuneration and social security454/9 | - | €13,574 | €18,860 | €18,681 | €18,278 | ▼ 2.2% |
| Other amounts payable47/48 | - | €29,670 | €22,138 | €14,300 | €6,217 | ▼ 56.5% |
| Accrued charges and deferred income492/3 | - | €9,534 | €11,312 | €883 | €8,298 | ▲ 840% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,360 | €18,760 | -€185,749 | -€2.3m | €1.6m | ▲ 170% |
| + Depreciation and write-downs630 | €24,287 | €26,953 | €30,905 | €30,901 | €31,382 | ▲ 1.6% |
| Operating cash flow (approximation) | -€25,074 | €45,713 | -€154,844 | -€2.2m | €1.6m | ▲ 173% |
| Investment in fixed assets (approximation) | - | -€31,691 | -€13,147 | €5.7m | €3.0m | ▼ 48.6% |
| Change in cash | - | €29,001 | €78,960 | -€216,251 | -€20,825 | ▲ 90.4% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Back to profitnet €1.6m
Net result €1.6m after 2 loss-making years.
30-06
Financial
Liquidity triplescurrent ratio 9.20
Current ratio from 3.10 to 9.20; short-term debt falls from €276,475 to €97,723.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
30-06
Financial
Weakest financial yearnet -€2.3m
Net result drops to -€2.3m, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
30-06
Financial
Liquidity times 24current ratio 2.34
Current ratio from 0.10 to 2.34; short-term debt falls from €8.6m to €482,636.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
30-06
Financial
Back to profitnet €18,760
Net result €18,760 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Liquidity times 22current ratio 5.28
Current ratio from 0.24 to 5.28; short-term debt falls from €2.4m to €138,442.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-06
Financial
Equity above €10mEq €13.4m ▲979%
Equity rises from €1.2m to €13.4m.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Aalst · 2 establishment units since 1989
Ground area
493 m²
Building footprint
442 m²
Volume, LiDAR
4,971 m³
2 parcels, Flanders · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
2 establishment units
Lange Zoutstraat 10, 9300 Aalst
since 19892.023.923.311
BUFFALO
since 19892.023.923.410
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0313/00P000 | Flanders | 252 m² | 1 · 225 m² | 16.3 m · 4 fl. |
| 41002A1176/00E000 | Flanders | 240 m² | 1 · 217 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
7 holdings · 6 subsidiaries in the treeOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 7
-
100%
-
100%
-
100%
-
100%
-
10%
- Sourceown accounts 30-06-20250.06%
-
0.06%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- AALST IMMO 100%
BECOV 100%2 subsidiaries
L'Appuntamento Moda 90%1 subsidiary
- Resileuven 100%
- EFIBE 100%
- THE BUFFALO SHOE 100%
According to the annual accounts to 30-06-2025 of ILLIS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1983
Fiscal year end30-06
Activities, NACEBEL 2025
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425147238
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.