LACE GALLERY
ActiveLACE GALLERY has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-4k. Equity is shrinking by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+1
Solvency62▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.38 in 2024; short-term debt: 62.9% and cash: 49.9% of total assets), and 62.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
37.1%
Return on assets
-7.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€18k▼ 17.1%
2024 · €22k
2018: €51k
2019: €49k
2020: €44k
2021: €36k
2022: €31k
2023: €27k
2024: €22k
2018 → 2025
Total assets
€49k▼ 15.7%
2024 · €58k
2018: €91k
2019: €79k
2020: €70k
2021: €73k
2022: €72k
2023: €62k
2024: €58k
2018 → 2025
Net result
€-4k▲ 27.1%
2024 · €-5k
2018: €1k
2019: €-2k
2020: €-5k
2021: €-8k
2022: €-5k
2023: €-4k
2024: €-5k
2018 → 2025
Working capital
€13k▼ 7.7%
2024 · €14k
2018: €24k
2019: €27k
2020: €26k
2021: €20k
2022: €18k
2023: €16k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€31k▼ 14.3%€27k▼ 12.9%€22k▼ 19.0%€18k▼ 17.1%
Operating result€-8k-€-5k▲ 36.0%€-4k▲ 24.4%€-5k▼ 30.7%€-4k▲ 25.6%
Net result€-8k-€-5k▲ 35.9%€-4k▲ 22.9%€-5k▼ 28.3%€-4k▲ 27.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€5k▼ 33.3%
Current assets
€44k▼ 12.8%
Equity and liabilities €49k
Equity
€18k▼ 17.1%
Debt
€31k▼ 14.8%
The debt ratio rises from 62.2% to 62.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1k▲
2024 · €-2k
Cash flow
€-1k▲
2024 · €-2k
Solvency
37.1%▼
2024 · 37.8%
Current ratio
1.42▲
2024 · 1.38
Quick ratio
0.82▼
2024 · 0.90
Debt / equity
1.69▲
2024 · 1.65
ROE
-20.7%▲
2024 · -23.5%
ROA
-7.7%▲
2024 · -8.9%
Interest coverage
-23.28▲
2024 · -53.72
Debt
€31k▼
2024 · €36k
Debt ≤ 1 year
€31k▼
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€58k€49k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Land and buildings22€8k€5k▼
Current assets29/58€50k€44k▼
Stocks and contracts in progress3€18k€18k▲
Stocks30/36€18k€18k▲
Amounts receivable within one year40/41€5k€692▼
Trade receivables40€5k€692▼
Cash at bank and in hand54/58€27k€24k▼
Equity and liabilities
Total equity and liabilities10/49€58k€49k▼
Equity10/15€22k€18k▼
Contributions10/11€25k€25k=
Reserves13€5k€5k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€0-
Profit (loss) carried forward14€-8k€-12k▼
Amounts payable17/49€36k€31k▼
Amounts payable within one year42/48€36k€31k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Advances received on contracts in progress46€908€0▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€27k€26k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€891€872▼
Gross operating margin9900€-2k€-231▲
Operating profit (loss)9901€-5k€-4k▲
Financial income75/76B€0€90▲
Recurring financial income75€0€90▲
Financial charges65/66B€45€47▲
Recurring financial charges65€45€47▲
Profit (loss) for the period before taxes9903€-5k€-4k▲
Profit (loss) for the period9904€-5k€-4k▲
Profit (loss) for the period to be appropriated9905€-5k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-12k▲
Profit (loss) brought forward from the previous period14P€-44k€-8k▲
Transfer from equity791/2€41k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenstraat 678000 BruggeGround area
75 m²
Building footprint
66 m²
Volume, LiDAR
540 m³
Parcel 31803C1210/00_000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LACE GALLERY
since 19922.059.960.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C1210/00_000 | Flanders | 75 m² | 1 · 66 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
AMICA
BE 0427.402.685
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MANSTEX MODE
BE 0438.593.418
Charleroi · Eq €18k
VEGUR
BE 0540.728.280
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POLI MOUSSE
BE 0628.745.981
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L'APOSTROPHE
BE 0432.706.805
Antwerpen · Eq €19k
Of 1,272 companies in sector 47512 we hold annual accounts for 581. 352 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-11-1992
Fiscal year end31-12
Activities, NACEBEL
47512Retail sale of household textiles and bedding
52410
47784Retail sale of souvenirs and religious articles
47786Retail trade
52497
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.