KING GALLERY
ActiveSummary
The computed 12-month bankruptcy probability of KING GALLERY is ≥ 25% (high). The 2025 annual accounts show equity of €183,825 and a net result of €21,327. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 32% of 18716 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-7
Solvency38▲+3
Growth71=
Track record76
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.72 against 0.77 in 2024; short-term debt: 51.3% and cash: 0.8% of total assets), and 87.5% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
12.5%
Return on assets
1.5%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
26 d late
2023
135 d late
2022
135 d late
2021
78 d late
2020
132 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×3
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 October (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€718,850▼ 26.6%
2021 · €978,825
EBIT margin
10.7%▼ 4.5pp
2021 · 15.2%
Net result
€21,327▼ 30.6%
2024 · €30,733
Working capital
-€211,243▲ 7.2%
2024 · -€227,680
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€978,825▲ 69.6%€718,850
Operating result€148,557€46,410▼ 68.8%€76,652▲ 65.2%€66,234▼ 13.6%€59,000▼ 10.9%
Net result€141,823above the sector's middle half€33,138within the sector's middle half▼ 76.6%€34,679within the sector's middle half▲ 4.6%€30,733above the sector's middle half▼ 11.4%€21,327within the sector's middle half▼ 30.6%
EBIT margin15.2%▲ 37.3pp10.7%
Equity€63,949within the sector's middle half€97,087within the sector's middle half▲ 51.8%€131,766within the sector's middle half▲ 35.7%€162,498above the sector's middle half▲ 23.3%€183,825above the sector's middle half▲ 13.1%
Total assets€499,595within the sector's middle half▲ 37.1%€971,122within the sector's middle half▲ 94.4%€1.2mwithin the sector's middle half▲ 22.1%€1.7mabove the sector's middle half▲ 42.9%€1.5mabove the sector's middle half▼ 13.4%
Debt€435,646▼ 1.5%€874,035▲ 101%€1.1m▲ 20.6%€1.5m▲ 45.4%€1.3m▼ 16.2%
Working capital€41,128within the sector's middle half-€626,275below the sector's middle half-€113,612below the sector's middle half▲ 81.9%-€227,680below the sector's middle half▼ 100%-€211,243below the sector's middle half▲ 7.2%
Solvency12.8%below the sector's middle half▲ 34.2pp10.0%below the sector's middle half▼ 2.8pp11.1%below the sector's middle half▲ 1.1pp9.6%within the sector's middle half▼ 1.5pp12.5%within the sector's middle half▲ 2.9pp
Current ratio1.10within the sector's middle half▲ 0.280.26below the sector's middle half▼ 0.840.80below the sector's middle half▲ 0.540.77below the sector's middle half▼ 0.040.72below the sector's middle half▼ 0.05
Return on assets (ROA)28.4%above the sector's middle half▲ 63.5pp3.4%within the sector's middle half▼ 25.0pp2.9%within the sector's middle half▼ 0.5pp1.8%within the sector's middle half▼ 1.1pp1.5%within the sector's middle half▼ 0.4pp
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.
Why a figure moved sharply
- 2021 Turnover +70% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€926,236 ▼ 2.3%
Current assets
€541,607 ▼ 27.5%
Equity and liabilities €1.5m
Equity
€183,825 ▲ 13.1%
Debt
€1.3m ▼ 16.2%
Debt's share of the balance-sheet total falls from 90.4% to 87.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139,661▲
2024 · €129,497
Cash flow
€101,988▲
2024 · €93,997
Quick ratio
0.42▼
2024 · 0.45
Debt to equity
6.98▼
2024 · 9.43
ROE
11.6%▼
2024 · 18.9%
Interest coverage
5.07▼
2024 · 5.93
Debt ≤ 1 year
€752,849▼
2024 · €974,251
Debt > 1 year
€531,168▼
2024 · €557,489
Income taxes
€10,146▼
2024 · €13,677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 2,372 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €978,825 | - | €718,850 | - | - | - |
| Non-recurring operating income76A | €5,888 | - | €11,214 | €9,301 | €78,102 | ▲ 740% |
| Goods, raw materials, services and sundry goods60/61 | €819,543 | - | €596,339 | - | - | - |
| Remuneration, social security and pensions62 | - | €6 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,522 | €14,744 | €54,561 | €63,264 | €80,661 | ▲ 27.5% |
| Other operating charges640/8 | €6,091 | €892 | €2,513 | €1,870 | €5,537 | ▲ 196% |
| Gross operating margin9900 | €165,170 | €62,052 | €133,726 | €131,368 | €145,198 | ▲ 10.5% |
| Operating profit (loss)9901 | €148,557 | €46,410 | €76,652 | €66,234 | €59,000 | ▼ 10.9% |
| Financial income75/76B | €448 | - | - | - | - | - |
| Recurring financial income75 | €448 | - | - | - | - | - |
| Financial charges65/66B | €747 | €1,520 | €21,980 | €21,824 | €27,527 | ▲ 26.1% |
| Recurring financial charges65 | €747 | €1,520 | €21,980 | €21,824 | €27,527 | ▲ 26.1% |
| Profit (loss) for the period before taxes9903 | €148,258 | €44,890 | €54,672 | €44,410 | €31,473 | ▼ 29.1% |
| Income taxes67/77 | €6,435 | €11,752 | €19,994 | €13,677 | €10,146 | ▼ 25.8% |
| Profit (loss) for the period9904 | €141,823 | €33,138 | €34,679 | €30,733 | €21,327 | ▼ 30.6% |
| Profit (loss) for the period to be appropriated9905 | €141,823 | €33,138 | €34,679 | €30,733 | €21,327 | ▼ 30.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €499,595 | €971,122 | €1.2m | €1.7m | €1.5m | ▼ 13.4% |
| Fixed assets21/28 | €46,607 | €747,148 | €726,246 | €947,667 | €926,236 | ▼ 2.3% |
| Tangible fixed assets22/27 | €46,607 | €747,148 | €726,246 | €947,667 | €926,236 | ▼ 2.3% |
| Land and buildings22 | - | €702,705 | €661,996 | €900,433 | €849,643 | ▼ 5.6% |
| Plant, machinery and equipment23 | €1,470 | €10,438 | €26,857 | €21,321 | €15,784 | ▼ 26.0% |
| Furniture and vehicles24 | - | - | €14,520 | €14,172 | €60,198 | ▲ 325% |
| Leasing and similar rights25 | €45,137 | €34,005 | €22,873 | €11,742 | €610 | ▼ 94.8% |
| Current assets29/58 | €452,988 | €223,974 | €459,316 | €746,571 | €541,607 | ▼ 27.5% |
| Stocks and contracts in progress3 | €282,122 | €125,008 | €189,286 | €312,286 | €223,286 | ▼ 28.5% |
| Stocks30/36 | €282,122 | €125,008 | €189,286 | €312,286 | €223,286 | ▼ 28.5% |
| Amounts receivable within one year40/41 | €155,500 | €92,257 | €234,731 | €405,426 | €306,908 | ▼ 24.3% |
| Trade receivables40 | €155,500 | €24,786 | €228,019 | €325,000 | €295,000 | ▼ 9.2% |
| Other amounts receivable41 | - | €67,471 | €6,712 | €80,426 | €11,908 | ▼ 85.2% |
| Cash at bank and in hand54/58 | €15,366 | €6,709 | €35,298 | €28,859 | €11,412 | ▼ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €499,595 | €971,122 | €1.2m | €1.7m | €1.5m | ▼ 13.4% |
| Equity10/15 | €63,949 | €97,087 | €131,766 | €162,498 | €183,825 | ▲ 13.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €10,000 | €30,000 | €60,000 | €90,000 | €111,000 | ▲ 23.3% |
| Tax-exempt reserves132 | €10,000 | €30,000 | €60,000 | €90,000 | €111,000 | ▲ 23.3% |
| Profit (loss) carried forward14 | €3,949 | €17,087 | €21,766 | €22,498 | €22,825 | ▲ 1.5% |
| Amounts payable17/49 | €435,646 | €874,035 | €1.1m | €1.5m | €1.3m | ▼ 16.2% |
| Amounts payable after more than one year17 | €23,786 | €23,786 | €480,868 | €557,489 | €531,168 | ▼ 4.7% |
| Financial debts170/4 | €23,786 | €23,786 | €480,868 | €557,489 | €531,168 | ▼ 4.7% |
| Amounts payable within one year42/48 | €411,860 | €850,249 | €572,928 | €974,251 | €752,849 | ▼ 22.7% |
| Current portion of amounts payable after more than one year42 | €7,721 | €531,702 | €27,582 | €41,527 | €26,814 | ▼ 35.4% |
| Financial debts43 | - | - | €1,893 | €13 | - | - |
| Credit institutions430/8 | - | - | €1,893 | €13 | - | - |
| Trade debts44 | €180,953 | €167,164 | €120,904 | €352,153 | €14,479 | ▼ 95.9% |
| Suppliers440/4 | €180,953 | €167,164 | €120,904 | €352,153 | €14,479 | ▼ 95.9% |
| Taxes, remuneration and social security45 | €46,228 | €28,386 | €36,792 | €39,013 | €30,857 | ▼ 20.9% |
| Taxes450/3 | €46,228 | €28,386 | €36,792 | €39,013 | €30,857 | ▼ 20.9% |
| Other amounts payable47/48 | €176,958 | €122,996 | €385,758 | €541,545 | €680,699 | ▲ 25.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141,823 | €33,138 | €34,679 | €30,733 | €21,327 | ▼ 30.6% |
| + Depreciation and write-downs630 | €10,522 | €14,744 | €54,561 | €63,264 | €80,661 | ▲ 27.5% |
| Operating cash flow (approximation) | €152,345 | €47,882 | €89,239 | €93,997 | €101,988 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | -€715,286 | -€33,659 | -€284,685 | -€59,230 | ▲ 79.2% |
| Change in cash | - | -€8,658 | €28,590 | -€6,440 | -€17,447 | ▼ 171% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
04-05
KBO administration
UBO non-compliance
event 22-04-2026
10-04
KBO administration
UBO non-compliance
event 30-03-2026
03-04
KBO administration
UBO non-compliance
event 22-03-2026
15-01
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · liquidator: C.van De Velde · event 08-01-2026
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Equity above €150,000Eq €162,498 ▲23.3%
4 profitable years in a row build equity to €162,498.
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 135 days late
2023
31-12
Financial
Equity above €100,000Eq €131,766 ▲35.7%
3 profitable years in a row build equity to €131,766.
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 135 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
31-12
Financial
Back to profitnet €141,823
Net result €141,823 after one loss-making year.
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 132 days late
SignalFinancial 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020
Ground area
802 m²
Building footprint
324 m²
Volume, LiDAR
6,861 m³
2 parcels, Brussels · tallest building 28.5 m, ±8 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
KING GALLERY
since 20202.357.329.434
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00L021 | Brussels | 639 m² | 1 · 219 m² | 28.5 m · 8 fl. |
| 21809K1582/00R000 | Brussels | 163 m² | 1 · 105 m² | 18.1 m · 5 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.
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Of 1,290 companies in sector 47690 we hold annual accounts for 425. 310 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
Founded27-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742514709
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.