Checked.be
Active
BE 0898.829.021Private limited company (pre-2019)
KWABOBS AFRICAN MARKET
Lange Beeldekensstraat 147 ·2060 Antwerpen, Belgium· 18 yrs active
Sector: Non-specialised retail sale with food, beverages or tobacco predominating
(47110)
Conclusion
KWABOBS AFRICAN MARKET has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27k and a net result of €-328. Equity is growing by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 26065 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €27k |
| Net result | €-328 |
| Better than sector | 53% |
| Active | 18 yrs |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
40
Profitability
0
Solvency
67
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
40
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score history
10
2021
76
2022
76
2023
40
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.50 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.04 (< 0.6)
-5
Leverage
Debt/equity 1.79 (< 2.0)
+3
Profitability
Negatieve ROE -1%
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-01-2026 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~36.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.8% | 32.3% | |
| Net result | €-328 | €4k | |
| Equity | €27k | €39k | |
| Gross operating margin | €3k | €31k | |
| Total assets | €75k | €146k |
€9k
-76.0%
21-24
€-328
-
21-24
€6k
-79.0%
21-24
€75k
-3.7%
21-24
€27k
-1.2%
21-24
€24k
-15.6%
21-24
€0
-100.0%
21-24
€724
-64.2%
21-24
€48k
-5.1%
21-24
€48k
+3.2%
21-24
1.50
-6.9%
21-24
0.04
-70.9%
21-24
35.8%
+2.6%
21-24
1.79
-3.9%
21-24
-1.2%
-
21-24
-0.4%
-
21-24
6.92
-73.4%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | €9k | €39k | €-14k |
| Net profit | €-328 | €6k | €29k | €-15k |
| Cash flow | - | €6k | €29k | €-13k |
| Staff costs | - | €0 | €146 | €-4 |
| Income taxes | €724 | €2k | €9k | - |
| Dividends | - | - | - | - |
| Total assets | €75k | €78k | €74k | €21k |
| Equity | €27k | €27k | €21k | €-7k |
| Debt | €48k | €51k | €53k | €28k |
| of which ≤ 1y | €48k | €47k | €53k | €28k |
| of which > 1y | - | - | - | - |
| Working capital | €24k | €28k | €21k | €-7k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.50 | 1.61 | 1.40 | 0.73 |
| Quick ratio | 0.04 | 0.15 | 0.12 | 0.30 |
| Working capital ratio | 31.8% | 36.3% | 28.5% | -35.9% |
| Solvency | 35.8% | 34.9% | 28.5% | -35.5% |
| Debt / equity | 1.79 | 1.87 | 2.51 | -3.82 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | 6.92 | 26.04 | -16.98 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.4% | 7.7% | 38.3% | -71.4% |
| ROE | -1.2% | 22.1% | 134.6% | 201.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €75k | €78k | €74k | €21k |
| Fixed assets | 21/28 | €3k | €3k | - | €87 |
| Tangible fixed assets | 22/27 | €0 | - | - | €87 |
| Financial fixed assets | 28 | €3k | €3k | - | - |
| Current assets | 29/58 | €72k | €75k | €74k | €21k |
| Stocks & contracts in progress | 3 | €70k | €68k | €68k | €12k |
| Amounts receivable within one year | 40/41 | €25 | €4k | €3k | €4k |
| Cash & bank | 54/58 | €2k | €2k | €3k | €4k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €75k | €78k | €74k | €21k |
| Equity | 10/15 | €27k | €27k | €21k | €-7k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €6k | €7k | €725 | €-28k |
| Amounts payable | 17/49 | €48k | €51k | €53k | €28k |
| Amounts payable within one year | 42/48 | €48k | €47k | €53k | €28k |
| Trade debts payable within one year | 44 | €14k | €0 | €9k | €12k |
| Income statement | |||||
| Gross operating margin | 9900 | €3k | €12k | €40k | €-11k |
| Operating result | 9901 | €627 | €9k | €39k | €-17k |
| Financial income | 75 | €428 | €56 | €278 | €3k |
| Financial charges | 65 | €658 | €1k | €1k | €853 |
| Result before taxes | 9903 | €396 | €8k | €38k | €-15k |
| Income taxes | 67/77 | €724 | €2k | €9k | - |
| Net result for the period | 9904 | €-328 | €6k | €29k | €-15k |
| Result to be appropriated | 9905 | €-328 | €6k | €29k | €-15k |
Legal Structure
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 25-06-2008 |
| Status | Active |
| Postal code | 2060 |
Establishment units
Lange Beeldekensstraat 147, 2060 Antwerpen
since 20082.173.857.003
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0478/00T005 | Flanders | 151 m² | 1 · 151 m² | 14.8 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 182 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 386 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47112
Names & trade names
| Legal nameNL | KWABOBS AFRICAN MARKET |
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