K-BAR
ActiveSummary
K-BAR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €55,569 and a net result of -€41,485. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 169 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability10▼-19
Solvency34▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.21 in 2025; short-term debt: 81.4% and cash: 2.7% of total assets), and 91.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
8.9%
Return on assets
-6.7%
Age of the figures
6 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€41,485
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 169 sector peers (2026).
NBB · sector comparisonPosition among 169 sector peers
Solvency
better than 25%
← weakest
strongest →
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 07-08-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
85 d early
2025
on the day
2024
90 d early
2023
on the day
2022
6 d early
2021
2 d early
2020
3 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 26 days before 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 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 25 October (4 of the last 5 filed years within 79 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€41,485▼ 159%
2025 · -€16,030
Working capital
€65,498▼ 38.0%
2025 · €105,641
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
Line20222023202420252026
Operating result€43,852€147,702▲ 237%€85,483▼ 42.1%€11,147▼ 87.0%-€20,594
Net result€29,996within the sector's middle half€89,060within the sector's middle half▲ 197%€43,769within the sector's middle half▼ 50.9%-€16,030below the sector's middle half-€41,485▼ 159%
Equity€33,112below the sector's middle half▲ 831%€97,887within the sector's middle half▲ 196%€113,084within the sector's middle half▲ 15.5%€97,054below the sector's middle half▼ 14.2%€55,569▼ 42.7%
Total assets€590,347within the sector's middle half▲ 6.5%€760,770within the sector's middle half▲ 28.9%€620,304within the sector's middle half▼ 18.5%€682,041within the sector's middle half▲ 10.0%€622,550▼ 8.7%
Debt€557,235▲ 1.2%€662,883▲ 19.0%€507,220▼ 23.5%€584,987▲ 15.3%€566,981▼ 3.1%
Working capital€113,672within the sector's middle half▲ 41.0%€147,211within the sector's middle half▲ 29.5%€142,656within the sector's middle half▼ 3.1%€105,641within the sector's middle half▼ 25.9%€65,498▼ 38.0%
Solvency5.6%below the sector's middle half▲ 5.0pp12.9%within the sector's middle half▲ 7.3pp18.2%within the sector's middle half▲ 5.4pp14.2%below the sector's middle half▼ 4.0pp8.9%▼ 5.3pp
Current ratio1.26within the sector's middle half▲ 0.071.26within the sector's middle half=1.34within the sector's middle half▲ 0.081.21within the sector's middle half▼ 0.141.13▼ 0.08
Return on assets (ROA)5.1%within the sector's middle half▲ 9.2pp11.7%above the sector's middle half▲ 6.6pp7.1%within the sector's middle half▼ 4.7pp-2.4%below the sector's middle half▼ 9.4pp-6.7%▼ 4.3pp
Staff (FTE)4.9within the sector's middle half▲ 22.5%7.4within the sector's middle half▲ 51.0%3.6within the sector's middle half▼ 51.4%5.6within the sector's middle half▲ 55.6%10.8▲ 92.9%
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €20,594 after €11,147 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €622,550
Fixed assets
€50,255 ▼ 24.4%
Current assets
€572,295 ▼ 7.0%
Equity and liabilities €622,550
Equity
€55,569 ▼ 42.7%
Debt
€566,981 ▼ 3.1%
Debt's share of the balance-sheet total rises from 85.8% to 91.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,317▼
2025 · €29,993
Cash flow
-€23,208▼
2025 · €2,816
Quick ratio
0.21▼
2025 · 0.23
Debt to equity
10.20▲
2025 · 6.03
ROE
-74.7%▼
2025 · -16.5%
Interest coverage
-0.17▼
2025 · 1.53
Debt ≤ 1 year
€506,797▼
2025 · €509,957
Debt > 1 year
€59,826▼
2025 · €75,029
Income taxes
€10,485▼
2025 · €10,887
Staff costs
€321,669▲
2025 · €295,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 1,104 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 | €1,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €196,801 | €258,713 | €264,820 | €295,042 | €321,669 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,617 | €15,564 | €19,840 | €18,846 | €18,277 | ▼ 3.0% |
| Other operating charges640/8 | €4,615 | €1,571 | €1,681 | €6,783 | €5,396 | ▼ 20.4% |
| Non-recurring operating charges66A | - | - | - | €350 | - | - |
| Gross operating margin9900 | €272,885 | €423,550 | €371,823 | €332,168 | €324,748 | ▼ 2.2% |
| Operating profit (loss)9901 | €43,852 | €147,702 | €85,483 | €11,147 | -€20,594 | ▼ 285% |
| Financial income75/76B | €440 | €2,579 | €2,110 | €3,329 | €3,358 | ▲ 0.9% |
| Recurring financial income75 | €440 | €2,579 | €2,110 | €3,329 | €3,358 | ▲ 0.9% |
| Financial charges65/66B | €14,021 | €22,822 | €14,944 | €19,620 | €13,765 | ▼ 29.8% |
| Recurring financial charges65 | €14,021 | €22,822 | €14,944 | €19,620 | €13,765 | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €30,271 | €127,459 | €72,650 | -€5,143 | -€31,000 | ▼ 503% |
| Income taxes67/77 | €275 | €38,399 | €28,881 | €10,887 | €10,485 | ▼ 3.7% |
| Profit (loss) for the period9904 | €29,996 | €89,060 | €43,769 | -€16,030 | -€41,485 | ▼ 159% |
| Profit (loss) for the period to be appropriated9905 | €29,996 | €89,060 | €43,769 | -€16,030 | -€41,485 | ▼ 159% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €590,347 | €760,770 | €620,304 | €682,041 | €622,550 | ▼ 8.7% |
| Fixed assets21/28 | €38,280 | €55,207 | €62,242 | €66,442 | €50,255 | ▼ 24.4% |
| Tangible fixed assets22/27 | €32,372 | €52,886 | €59,921 | €64,121 | €47,934 | ▼ 25.2% |
| Plant, machinery and equipment23 | €29,150 | €47,265 | €54,378 | €48,098 | €32,649 | ▼ 32.1% |
| Furniture and vehicles24 | €3,222 | €5,621 | €5,543 | €4,024 | €3,286 | ▼ 18.3% |
| Other tangible fixed assets26 | - | - | - | €12,000 | €12,000 | = |
| Financial fixed assets28 | €5,908 | €2,321 | €2,321 | €2,321 | €2,321 | = |
| Current assets29/58 | €552,067 | €705,563 | €558,063 | €615,599 | €572,295 | ▼ 7.0% |
| Stocks and contracts in progress3 | €420,306 | €572,969 | €453,890 | €496,186 | €467,418 | ▼ 5.8% |
| Stocks30/36 | €420,306 | €572,969 | €453,890 | €496,186 | €467,418 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €93,186 | €61,207 | €58,689 | €90,311 | €84,502 | ▼ 6.4% |
| Trade receivables40 | €49,589 | €2,275 | €4,291 | €10,723 | €1,485 | ▼ 86.2% |
| Other amounts receivable41 | €43,597 | €58,932 | €54,398 | €79,589 | €83,017 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €38,014 | €70,774 | €45,484 | €28,426 | €16,646 | ▼ 41.4% |
| Deferred charges and accrued income490/1 | €561 | €614 | - | €676 | €3,729 | ▲ 452% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €590,347 | €760,770 | €620,304 | €682,041 | €622,550 | ▼ 8.7% |
| Equity10/15 | €33,112 | €97,887 | €113,084 | €97,054 | €55,569 | ▼ 42.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €26,200 | €26,200 | €26,200 | €26,200 | €6,200 | ▼ 76.3% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €20,000 | €20,000 | €20,000 | €20,000 | - | - |
| Profit (loss) carried forward14 | -€55,967 | €8,808 | €24,005 | €7,975 | -€13,510 | ▼ 269% |
| Investment grants15 | €879 | €879 | €879 | €879 | €879 | = |
| Amounts payable17/49 | €557,235 | €662,883 | €507,220 | €584,987 | €566,981 | ▼ 3.1% |
| Amounts payable after more than one year17 | €118,840 | €104,530 | €89,929 | €75,029 | €59,826 | ▼ 20.3% |
| Financial debts170/4 | €118,840 | €104,530 | €89,929 | €75,029 | €59,826 | ▼ 20.3% |
| Amounts payable within one year42/48 | €438,395 | €558,353 | €415,406 | €509,957 | €506,797 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €14,023 | €13,154 | €14,602 | €14,899 | €15,203 | ▲ 2.0% |
| Financial debts43 | €49,883 | - | €34,331 | €10,366 | €7,075 | ▼ 31.7% |
| Credit institutions430/8 | €49,883 | - | €34,331 | €10,366 | €7,075 | ▼ 31.7% |
| Trade debts44 | €259,639 | €357,403 | €191,897 | €308,165 | €266,951 | ▼ 13.4% |
| Suppliers440/4 | €259,639 | €357,403 | €191,897 | €308,165 | €266,951 | ▼ 13.4% |
| Taxes, remuneration and social security45 | €74,863 | €163,809 | €129,876 | €134,099 | €161,139 | ▲ 20.2% |
| Taxes450/3 | €14,095 | €88,687 | €73,949 | €65,752 | €83,678 | ▲ 27.3% |
| Remuneration and social security454/9 | €60,768 | €75,122 | €55,927 | €68,347 | €77,461 | ▲ 13.3% |
| Other amounts payable47/48 | €39,987 | €23,987 | €44,701 | €42,429 | €56,429 | ▲ 33.0% |
| Accrued charges and deferred income492/3 | - | - | €1,885 | - | €359 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,996 | €89,060 | €43,769 | -€16,030 | -€41,485 | ▼ 159% |
| + Depreciation and write-downs630 | €27,617 | €15,564 | €19,840 | €18,846 | €18,277 | ▼ 3.0% |
| Operating cash flow (approximation) | €57,613 | €104,624 | €63,609 | €2,816 | -€23,208 | ▼ 924% |
| Investment in fixed assets (approximation) | - | -€32,491 | -€26,875 | -€23,046 | -€2,090 | ▲ 90.9% |
| Change in cash | - | €32,760 | -€25,290 | -€17,057 | -€11,780 | ▲ 30.9% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Equity above €100,000Eq €113,084 ▲15.5%
3 profitable years in a row build equity to €113,084.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €89,060 ▲197%
Operating result €147,702, net result €89,060, both a record.
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €29,996
Net result €29,996 after one loss-making year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
31-03
Financial
Back to profitnet €56,254
Net result €56,254 after one loss-making year.
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 133 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Brussel · 2 establishment units since 2003
Ground area
626 m²
Building footprint
219 m²
Volume, LiDAR
4,556 m³
2 parcels, Brussels · tallest building 25.0 m, ±8 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
2 establishment units
K-BAR
since 20032.134.195.285
Mr ego outlet
since 20252.371.234.185
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0708/00C000 | Brussels | 555 m² | 1 · 156 m² | 25.0 m · 8 fl. |
| 21004A0840/00S000 ProtectedArchitectural ensembleInterieur van de Taverne Falstaff, straatgevels en daken van een reeks gebouwen in de Maus- en de ZuidstraatSource ↗ |
Brussels | 71 m² | 1 · 64 m² | 21.5 m · 6 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts yum 202550%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,873 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
Founded21-10-2003
Fiscal year end31-03
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861194902
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.