La Courbeure
ActiveSummary
The computed 12-month bankruptcy probability of La Courbeure is 4.9% (elevated). For La Courbeure, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€47,397) and a net result of -€9,686. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 21200 sector peers (fiscal year 2021). The company has been active since 1971 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability4▼-34
Solvency0=
Growth22▼-16
Track record92
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2021Solvency, return and age of the figures
Solvency
-47.2%
Return on assets
-9.6%
Age of the figures
57 mo
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 →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-12-2022, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
152 d late
2020
132 d late
2019
179 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 154 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
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, micro schema
Turnover
€26,375▼ 38.4%
2020 · €42,797
EBIT margin
-35.1%▼ 37.9pp
2020 · 2.8%
Net result
-€9,686
2020 · €680
Working capital
-€47,950▼ 24.8%
2020 · -€38,432
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
Line2018201920202021
Turnover€55,497-€76,575▲ 38.0%€42,797▼ 44.1%€26,375▼ 38.4%
Operating result€441--€460€1,201-€9,263
Net result-€597--€972▼ 62.8%€680within the sector's middle half-€9,686below the sector's middle half
EBIT margin0.8%--0.6%▼ 1.4pp2.8%▲ 3.4pp-35.1%▼ 37.9pp
Equity-€37,419--€38,391▼ 2.6%-€37,711below the sector's middle half▲ 1.8%-€47,397below the sector's middle half▼ 25.7%
Total assets€116,344-€111,846▼ 3.9%€118,152within the sector's middle half▲ 5.6%€100,516within the sector's middle half▼ 14.9%
Debt€153,763-€150,237▼ 2.3%€155,863▲ 3.7%€147,913▼ 5.1%
Working capital-€38,782--€39,234▼ 1.2%-€38,432below the sector's middle half▲ 2.0%-€47,950below the sector's middle half▼ 24.8%
Solvency-32.2%--34.3%▼ 2.2pp-31.9%below the sector's middle half▲ 2.4pp-47.2%below the sector's middle half▼ 15.2pp
Current ratio0.75-0.74▼ 0.010.75below the sector's middle half▲ 0.010.68below the sector's middle half▼ 0.08
Return on assets (ROA)-0.5%--0.9%▼ 0.4pp0.6%within the sector's middle half▲ 1.4pp-9.6%below the sector's middle half▼ 10.2pp
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 2021: a loss of €9,263 after €1,201 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €100,516
Fixed assets
€553 ▼ 23.3%
Current assets
€99,963 ▼ 14.9%
Key figures and ratios
EBITDA
-€9,095▼
2020 · €1,819
Cash flow
-€9,518▼
2020 · €1,298
Quick ratio
0.08▼
2020 · 0.20
Debt to equity
-3.12
Interest coverage
-21.50
Debt ≤ 1 year
€147,913▼
2020 · €155,863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €55,497 | €76,575 | €42,797 | €26,375 | ▼ 38.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €37,510 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,574 | €519 | €618 | €168 | ▼ 72.8% |
| Gross operating margin9900 | €2,363 | €406 | €1,819 | -€9,095 | ▼ 600% |
| Operating profit (loss)9901 | €441 | -€460 | €1,201 | -€9,263 | ▼ 871% |
| Financial charges65/66B | - | - | - | €423 | - |
| Recurring financial charges65 | €483 | €512 | €521 | €423 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | -€42 | -€972 | €680 | -€9,686 | ▼ 1,524% |
| Income taxes67/77 | €555 | - | - | - | - |
| Profit (loss) for the period9904 | -€597 | -€972 | €680 | -€9,686 | ▼ 1,524% |
| Profit (loss) for the period to be appropriated9905 | -€597 | -€972 | €680 | -€9,686 | ▼ 1,524% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €116,344 | €111,846 | €118,152 | €100,516 | ▼ 14.9% |
| Fixed assets21/28 | €1,363 | €843 | €721 | €553 | ▼ 23.3% |
| Tangible fixed assets22/27 | €1,363 | €843 | €721 | €553 | ▼ 23.3% |
| Furniture and vehicles24 | - | - | - | €553 | - |
| Current assets29/58 | €114,981 | €111,003 | €117,431 | €99,963 | ▼ 14.9% |
| Stocks and contracts in progress3 | €89,752 | €88,188 | €86,412 | €87,930 | ▲ 1.8% |
| Stocks30/36 | - | - | - | €87,930 | - |
| Amounts receivable within one year40/41 | €9,119 | €5,878 | €15,569 | €3,087 | ▼ 80.2% |
| Trade receivables40 | - | - | - | €2,521 | - |
| Other amounts receivable41 | - | - | - | €566 | - |
| Cash at bank and in hand54/58 | €2,083 | €4,524 | €6,312 | €1,831 | ▼ 71.0% |
| Deferred charges and accrued income490/1 | - | - | - | €7,115 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €116,344 | €111,846 | €118,152 | €100,516 | ▼ 14.9% |
| Equity10/15 | -€37,419 | -€38,391 | -€37,711 | -€47,397 | ▼ 25.7% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | - |
| Reserves13 | €69 | €69 | €69 | €69 | = |
| Non-distributable reserves130/1 | - | - | - | €69 | - |
| Other1319 | - | - | - | €69 | - |
| Profit (loss) carried forward14 | -€56,080 | -€57,052 | -€56,372 | -€66,058 | ▼ 17.2% |
| Amounts payable17/49 | €153,763 | €150,237 | €155,863 | €147,913 | ▼ 5.1% |
| Amounts payable within one year42/48 | €153,763 | €150,237 | €155,863 | €147,913 | ▼ 5.1% |
| Trade debts44 | €5,238 | €668 | €2,901 | €3,083 | ▲ 6.3% |
| Suppliers440/4 | - | - | - | €3,083 | - |
| Other amounts payable47/48 | - | - | - | €144,830 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€597 | -€972 | €680 | -€9,686 | ▼ 1,524% |
| + Depreciation and write-downs630 | €1,574 | €519 | €618 | €168 | ▼ 72.8% |
| Operating cash flow (approximation) | €977 | -€453 | €1,298 | -€9,518 | ▼ 833% |
| Investment in fixed assets (approximation) | - | €1 | -€496 | €0 | ▲ 100% |
| Change in cash | - | €2,441 | €1,788 | -€4,481 | ▼ 351% |
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
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Weakest financial yearnet -€9,686
Net result drops to -€9,686, the lowest in the series.
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 132 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 179 days late
2020
31-12
Financial
Back to profitnet €680
Net result €680 after 2 loss-making years.
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 38 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
2015
18-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 60 days late
2013
31-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bertrix · 1 establishment unit since 1971
Ground area
189 m²
Building footprint
149 m²
Parcel 84009C0384/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Courbeure 30, 6880 Bertrix
since 19712.008.223.563
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009C0384/00L000 | Wallonia | 189 m² | 1 · 149 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Messancy
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 531 companies in sector 47530 we hold annual accounts for 323. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1971
Fiscal year end31-12
Activities, NACEBEL 2025
47530Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0408322686
Also
9925:BE0408322686
Registered
18-03-2026
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.