Equity
Debts exceed assets in financial year 2025.
In July 2024, 3,795 companies had the same profile as Instylediscoveries has now. Each dot stands for 10 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,795 companies, not a prediction for Instylediscoveries. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Instylediscoveries Oudenaarde | €43,832 | €29,172 | -19.3% | - |
| GOLF ESSENTIEL Liège | €38,661 | €14,644 | 37.4% | - |
| DBDS Zwevegem | €69,474 | €18,997 | 49.3% | - |
| SPORT INTOX Lontzen | €25,456 | €28,492 | 56.5% | - |
| BADCON Kapellen | €48,019 | €20,987 | -42.9% | - |
| GYM CONCEPT Schaerbeek | €27,890 | €45,121 | 77.8% | - |
| PROMOTRADE Sint-Martens-Latem | €83,061 | €44,230 | 51.1% | - |
These companies have the same main activity as Instylediscoveries: retail sale of other sporting goods (NACE 47639). They are comparable in size and age: total assets between €25,500 and €83,100, founded between 1994 and 2008.
Instylediscoveries files the micro format. That format states no turnover. The gross margin rose from -€58,977 in 2007 to €29,172 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €150,000 and €460,000.
Higher than 17% of 25,237 companies in 2025.
Higher than 24% of 24,245 companies in 2025.
Higher than 95% of 24,434 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 200715 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
43,832 | 1,542 | 1,939 | 3,204 | 4,259 | 2,419 | 2,419 | 2,419 | 3,158 | 6,432 | 3,883 | 2,028 | 7,157 | 54,866 | 84,446 | 88,605 | 111,194 | 72,851 | |
21/28 |
58 | 264 | 470 | 2,356 | 2,562 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,933 | 4,986 | 11,389 | 17,251 | 24,364 | 25,230 | 13,222 | |
21 |
58 | 264 | 470 | 676 | 882 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
- | - | - | - | - | - | - | - | - | - | - | 253 | 3,306 | 9,709 | 16,771 | 23,884 | 23,550 | 13,222 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | 253 | 506 | - | 153 | 356 | 559 | 763 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,800 | 9,709 | 16,619 | 23,528 | 22,991 | 12,459 | |
28 |
- | - | - | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 1,680 | 480 | 480 | 1,680 | - | |
29/58 |
43,774 | 1,278 | 1,470 | 849 | 1,697 | 739 | 739 | 739 | 1,478 | 4,752 | 2,203 | 95 | 2,170 | 43,477 | 67,194 | 64,241 | 85,964 | 59,629 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 40,546 | 44,130 | 46,173 | 75,395 | 52,035 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 40,546 | 44,130 | 46,173 | 75,395 | 52,035 | |
40/41 |
31,921 | 378 | 1,247 | 526 | 398 | 293 | 293 | 293 | 1,454 | 4,710 | - | - | - | 1,110 | 19,586 | 16,023 | 10,245 | 5,116 | |
40 |
31,920 | - | - | - | 164 | - | - | - | - | - | - | - | - | 1,110 | 19,586 | 16,023 | 9,125 | 3,893 | |
41 |
1 | 378 | 1,247 | 526 | 234 | 293 | 293 | 293 | 1,454 | 4,710 | - | - | - | - | - | - | 1,119 | 1,223 | |
54/58 |
11,853 | 900 | 223 | 323 | 1,300 | 446 | 446 | 446 | 24 | 42 | 2,203 | 95 | 2,170 | 1,820 | 3,478 | 2,045 | 323 | 2,479 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
43,832 | 1,542 | 1,939 | 3,204 | 4,259 | 2,419 | 2,419 | 2,419 | 3,158 | 6,432 | 3,883 | 2,028 | 7,157 | 54,866 | 84,446 | 88,605 | 111,194 | 72,851 | |
10/15 |
-8,477 | -36,340 | -26,004 | -19,300 | -27,779 | -10,566 | -10,566 | -10,566 | -6,361 | -16,502 | -52,519 | -116,290 | -164,582 | -130,193 | -125,211 | -111,077 | -59,539 | -62,153 | |
10/11 |
9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | 9,300 | |
14 |
-17,777 | -45,640 | -35,304 | -28,600 | -37,079 | -19,866 | -19,866 | -19,866 | -15,661 | -25,802 | -61,819 | -125,590 | -173,882 | -139,493 | -134,511 | -120,377 | -68,839 | -71,453 | |
17/49 |
52,309 | 37,883 | 27,944 | 22,504 | 32,038 | 12,985 | 12,985 | 12,985 | 9,519 | 22,935 | 56,402 | 118,318 | 171,739 | 185,059 | 209,656 | 199,682 | 170,733 | 135,004 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7,500 | 7,500 | 7,500 | 7,391 | 5,792 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 7,500 | 7,500 | 7,500 | 7,391 | 5,792 | |
42/48 |
52,309 | 37,883 | 27,944 | 22,504 | 32,038 | 12,985 | 12,985 | 12,985 | 9,519 | 22,935 | 56,402 | 118,318 | 171,739 | 177,559 | 202,156 | 192,182 | 163,342 | 129,212 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,391 | 3,401 | 3,359 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,145 | 47,732 | 51,106 | 50,983 | 49,360 | 40,561 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,145 | 47,732 | 51,106 | 50,983 | 49,360 | 40,561 | |
44 |
1,646 | 975 | 756 | 3,374 | 135 | 6,731 | 6,731 | 6,731 | 6,556 | 7,215 | 6,031 | 5,698 | 8,269 | 2,884 | 51,793 | 36,545 | 9,572 | 2,364 | |
440/4 |
1,646 | 975 | 756 | 3,374 | 135 | 6,731 | 6,731 | 6,731 | 6,556 | 7,215 | 6,031 | 5,698 | 8,269 | 2,884 | 51,793 | 36,545 | 9,572 | 2,364 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 281 | 281 | 281 | - | |
45 |
2,288 | - | - | - | - | - | - | - | - | 1,855 | 4,807 | 5,659 | 2,134 | 4,852 | 3,947 | 390 | 2,534 | 730 | |
450/3 |
2,288 | - | - | - | - | - | - | - | - | 1,855 | 4,807 | 5,659 | 2,134 | 4,852 | 3,947 | 390 | 2,534 | 730 | |
47/48 |
48,375 | 36,908 | 27,188 | 19,130 | 31,903 | 6,253 | 6,253 | 6,253 | 2,963 | 13,865 | 45,564 | 106,961 | 150,191 | 122,092 | 95,030 | 101,592 | 98,195 | 82,198 | |
| Income statement | |||||||||||||||||||
9900 |
29,172 | -9,286 | -6,045 | 10,257 | -16,909 | - | - | -4,001 | 12,079 | 36,312 | 65,567 | 54,523 | -22,857 | 9,370 | 1,877 | -34,038 | 21,287 | -58,977 | |
630 |
206 | 206 | 206 | 206 | 148 | - | - | - | - | - | 253 | 3,053 | 7,162 | 7,062 | 7,113 | 9,948 | 10,218 | 8,716 | |
640/8 |
937 | 683 | 516 | 1,272 | - | - | - | 200 | 405 | 260 | 718 | 1,090 | 548 | 723 | 719 | 3,424 | 2,233 | 1,828 | |
9901 |
28,029 | -10,174 | -6,767 | 8,779 | -17,056 | - | - | -4,201 | 11,674 | 36,052 | 64,596 | 50,380 | -30,568 | 1,584 | -5,955 | -47,409 | 8,836 | -69,521 | |
75/76B |
- | - | 226 | - | - | - | - | - | - | - | - | 0 | 0 | 16 | 2 | - | 255 | 1,563 | |
75 |
- | - | 226 | - | - | - | - | - | - | - | - | 0 | 0 | 16 | 2 | - | 255 | 1,563 | |
65/66B |
166 | 162 | 163 | 300 | 157 | - | - | 4 | 42 | 36 | 825 | 2,088 | 3,645 | 6,580 | 8,181 | 4,128 | 6,476 | 3,495 | |
65 |
166 | 162 | 163 | 300 | 157 | - | - | 4 | 42 | 36 | 825 | 2,088 | 3,645 | 6,580 | 8,181 | 4,128 | 6,476 | 3,495 | |
9903 |
27,863 | -10,336 | -6,704 | 8,479 | -17,214 | - | - | -4,205 | 11,632 | 36,017 | 63,771 | 48,292 | -34,213 | -4,980 | -14,134 | -51,537 | 2,614 | -71,453 | |
67/77 |
- | - | - | - | - | - | - | - | 1,491 | - | - | - | 177 | 2 | 0 | - | 0 | - | |
9904 |
27,863 | -10,336 | -6,704 | 8,479 | -17,214 | - | - | -4,205 | 10,141 | 36,017 | 63,771 | 48,292 | -34,389 | -4,982 | -14,134 | -51,537 | 2,614 | -71,453 | |
9905 |
27,863 | -10,336 | -6,704 | 8,479 | -17,214 | - | - | -4,205 | 10,141 | 36,017 | 63,771 | 48,292 | -34,389 | -4,982 | -14,134 | -51,537 | 2,614 | -71,453 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-17,777 | -45,640 | -35,304 | -28,600 | -37,079 | -19,866 | -19,866 | -19,866 | -15,661 | -25,802 | -61,819 | -125,590 | -173,882 | -139,493 | -134,511 | -120,377 | -68,839 | -71,453 | |
14P |
-45,640 | -35,304 | -28,600 | -37,079 | -19,866 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00435445.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00435445 | |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00288417 | |
| 31-12-2023 | micro format | 07-08-2024 | 2024-00336067 | |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00311939 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20197755 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-63900300 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65900034 | |
| 31-12-2017 | abbreviated format | 21-08-2018 | 2018-47900058 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-48400235 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38000419 | |
| 31-12-2014 | abbreviated format | 04-08-2015 | 2015-39500529 | |
| 31-12-2013 | abbreviated format | 17-07-2014 | 2014-31800328 | |
| 31-12-2012 | abbreviated format | 07-08-2013 | 2013-40800203 | |
| 31-12-2011 | abbreviated format | 27-09-2012 | 2012-58500316 | |
| 31-12-2010 | abbreviated format | 01-08-2011 | 2011-37200091 | |
| 31-12-2009 | abbreviated format | 24-08-2010 | 2010-44400015 | |
| 31-12-2008 | abbreviated format | 27-08-2009 | 2009-69900177 | |
| 31-12-2007 | abbreviated format | 03-07-2008 | 2008-36300198 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 200715 months |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28,235 | -9,968 | -6,561 | 8,985 | -16,909 | - | - | - | - | - | 64,849 | 53,433 | -23,406 | 8,646 | 1,158 | -37,462 | 19,053 | -60,805 | ||
| 28,069 | -10,130 | -6,498 | 8,685 | -17,066 | - | - | - | - | - | 64,024 | 51,345 | -27,227 | 2,080 | -7,022 | -41,590 | 12,832 | -62,738 | ||
| 0 | 0 | -1,680 | 0 | 1,029 | - | - | - | - | - | 0 | 0 | 760 | 1,200 | 0 | 14,000 | 22,226 | 20,857 | ||
| 10,952 | 677 | -100 | -977 | 853 | 0 | - | 422 | -18 | -2,161 | 2,108 | -2,076 | 350 | -1,658 | 1,433 | 1,722 | -2,155 | - | ||
| -8,535 | -36,604 | -26,474 | -21,656 | -30,341 | -12,246 | -12,246 | -12,246 | -8,041 | -18,182 | -54,199 | -118,223 | -169,569 | -134,082 | -134,962 | -127,940 | -77,379 | -69,583 | ||
| -19.3% | - | - | - | - | - | - | - | - | -256.6% | - | - | - | -237.3% | -148.3% | -125.4% | -53.5% | -85.3% | ||
| 0.84 | - | - | - | - | - | - | - | - | 0.21 | - | - | 0.01 | 0.24 | 0.33 | 0.33 | 0.53 | 0.46 | ||
| 0.84 | - | - | - | - | - | - | - | - | 0.21 | - | - | 0.01 | 0.02 | 0.11 | 0.09 | 0.06 | 0.06 | ||
| 63.6% | - | - | - | - | - | - | - | - | 559.9% | - | - | -480.5% | -9.1% | -16.7% | -58.2% | 2.4% | -98.1% | ||
| over 100 | -61.53 | -40.18 | 29.94 | -107.55 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Intangible fixed assets | - | - | - | - | €1,029 |
| €206 | €206 | €206 | €206 | €148 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €28,029, after a loss of €10,174 in 2024. It is the highest result since 2015.
Equity is negative. Debt (€52,309) exceeds the balance-sheet total (€43,832).
Instylediscoveries has no parent and no holdings in its annual accounts. is the only director. Instylediscoveries shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bekemolen 73 registered office 9700 Oudenaarde | 14-12-2006 | 2.157.959.691 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45026A0618/00Z000 | 1,347 m² | 1 · 185 m² | 9.4 m · 2 |
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