LADY M
ActiveSummary
LADY M has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,843 and a net result of -€13,755. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-18
Solvency83▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.21 in 2024; short-term debt: 42.4% and cash: 48.2% of total assets), and 42.4% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€13,755
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
58 d early
2023
48 d early
2022
59 d early
2021
20 d early
2020
44 d early
2019
24 d early
← 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 43 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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 14 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€146,843▼ 8.6%
2024 · €160,598
Total assets
€254,896▼ 4.7%
2024 · €267,380
Net result
-€13,755▼ 342%
2024 · -€3,115
Working capital
€124,596▼ 3.3%
2024 · €128,870
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Operating result€8,818▼ 46.5%€13,267▲ 50.5%€2,896▼ 78.2%€1,433▼ 50.5%-€10,181
Net result€5,750within the sector's middle half▼ 50.5%€8,559within the sector's middle half▲ 48.9%€205within the sector's middle half▼ 97.6%-€3,115within the sector's middle half-€13,755below the sector's middle half▼ 342%
Equity€154,949above the sector's middle half▲ 3.9%€163,509above the sector's middle half▲ 5.5%€163,713within the sector's middle half▲ 0.1%€160,598within the sector's middle half▼ 1.9%€146,843within the sector's middle half▼ 8.6%
Total assets€254,011within the sector's middle half▼ 1.0%€265,415within the sector's middle half▲ 4.5%€264,149within the sector's middle half▼ 0.5%€267,380within the sector's middle half▲ 1.2%€254,896within the sector's middle half▼ 4.7%
Debt€99,062▼ 7.7%€101,907▲ 2.9%€100,435▼ 1.4%€106,782▲ 6.3%€108,052▲ 1.2%
Working capital€133,219above the sector's middle half▲ 6.5%€117,607above the sector's middle half▼ 11.7%€126,598above the sector's middle half▲ 7.6%€128,870above the sector's middle half▲ 1.8%€124,596within the sector's middle half▼ 3.3%
Solvency61.0%within the sector's middle half▲ 2.8pp61.6%within the sector's middle half▲ 0.6pp62.0%within the sector's middle half▲ 0.4pp60.1%within the sector's middle half▼ 1.9pp57.6%within the sector's middle half▼ 2.5pp
Current ratio2.35within the sector's middle half▲ 0.182.15within the sector's middle half▼ 0.192.26within the sector's middle half▲ 0.112.21within the sector's middle half▼ 0.052.15within the sector's middle half▼ 0.05
Return on assets (ROA)2.3%within the sector's middle half▼ 2.3pp3.2%within the sector's middle half▲ 1.0pp0.1%within the sector's middle half▼ 3.1pp-1.2%within the sector's middle half▼ 1.2pp-5.4%below the sector's middle half▼ 4.2pp
Staff (FTE)1▲ 66.7%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,181 after €1,433 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254,896
Fixed assets
€22,248 ▼ 29.9%
Current assets
€232,648 ▼ 1.3%
Equity and liabilities €254,896
Equity
€146,843 ▼ 8.6%
Debt
€108,052 ▲ 1.2%
Debt's share of the balance-sheet total rises from 39.9% to 42.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€701▼
2024 · €10,773
Cash flow
-€4,274▼
2024 · €6,225
Quick ratio
1.19▲
2024 · 1.17
Debt to equity
0.74▲
2024 · 0.66
ROE
-9.4%▼
2024 · -1.9%
Interest coverage
-0.11▼
2024 · 1.52
Debt ≤ 1 year
€108,052▲
2024 · €106,782
Income taxes
€205▼
2024 · €674
Staff costs
€27,161▲
2024 · €25,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €19,276 | €23,781 | €24,900 | €25,938 | €27,161 | ▲ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,444 | €6,994 | €8,785 | €9,340 | €9,480 | ▲ 1.5% |
| Other operating charges640/8 | €503 | €811 | €1,039 | €802 | €821 | ▲ 2.4% |
| Gross operating margin9900 | €31,041 | €44,854 | €37,621 | €37,513 | €27,282 | ▼ 27.3% |
| Operating profit (loss)9901 | €8,818 | €13,267 | €2,896 | €1,433 | -€10,181 | ▼ 810% |
| Financial income75/76B | €3,819 | €3,805 | €3,964 | €3,225 | €3,294 | ▲ 2.1% |
| Recurring financial income75 | €3,819 | €3,805 | €3,964 | €3,225 | €3,294 | ▲ 2.1% |
| Financial charges65/66B | €3,995 | €3,892 | €5,161 | €7,100 | €6,663 | ▼ 6.2% |
| Recurring financial charges65 | €3,995 | €3,892 | €5,161 | €7,100 | €6,663 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €8,642 | €13,180 | €1,699 | -€2,442 | -€13,550 | ▼ 455% |
| Income taxes67/77 | €2,892 | €4,621 | €1,494 | €674 | €205 | ▼ 69.6% |
| Profit (loss) for the period9904 | €5,750 | €8,559 | €205 | -€3,115 | -€13,755 | ▼ 342% |
| Profit (loss) for the period to be appropriated9905 | €5,750 | €8,559 | €205 | -€3,115 | -€13,755 | ▼ 342% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €254,011 | €265,415 | €264,149 | €267,380 | €254,896 | ▼ 4.7% |
| Fixed assets21/28 | €21,872 | €45,901 | €37,116 | €31,728 | €22,248 | ▼ 29.9% |
| Tangible fixed assets22/27 | €21,872 | €45,901 | €37,116 | €31,728 | €22,248 | ▼ 29.9% |
| Land and buildings22 | €21,872 | €20,356 | €17,571 | €14,785 | €12,095 | ▼ 18.2% |
| Furniture and vehicles24 | - | €25,545 | €19,545 | €16,943 | €10,152 | ▼ 40.1% |
| Current assets29/58 | €232,140 | €219,514 | €227,033 | €235,652 | €232,648 | ▼ 1.3% |
| Stocks and contracts in progress3 | €105,764 | €111,398 | €113,848 | €111,049 | €104,456 | ▼ 5.9% |
| Stocks30/36 | €105,764 | €111,398 | €113,848 | €111,049 | €104,456 | ▼ 5.9% |
| Amounts receivable within one year40/41 | - | €2,880 | €800 | €1,932 | €3,939 | ▲ 104% |
| Trade receivables40 | - | €2,840 | €800 | €1,612 | €2,019 | ▲ 25.3% |
| Other amounts receivable41 | - | €40 | €0 | €320 | €1,920 | ▲ 500% |
| Cash at bank and in hand54/58 | €126,014 | €103,352 | €110,842 | €121,724 | €122,970 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | €362 | €1,885 | €1,542 | €946 | €1,283 | ▲ 35.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €254,011 | €265,415 | €264,149 | €267,380 | €254,896 | ▼ 4.7% |
| Equity10/15 | €154,949 | €163,509 | €163,713 | €160,598 | €146,843 | ▼ 8.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €134,949 | €143,509 | €143,713 | €143,713 | €143,713 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €0 | - | - | - |
| Distributable reserves133 | €132,949 | €141,509 | €143,713 | €143,713 | €143,713 | = |
| Profit (loss) carried forward14 | - | - | - | -€3,115 | -€16,870 | ▼ 442% |
| Amounts payable17/49 | €99,062 | €101,907 | €100,435 | €106,782 | €108,052 | ▲ 1.2% |
| Amounts payable within one year42/48 | €98,920 | €101,907 | €100,435 | €106,782 | €108,052 | ▲ 1.2% |
| Trade debts44 | €1,707 | €4,929 | €964 | €5,854 | €3,664 | ▼ 37.4% |
| Suppliers440/4 | €1,707 | €4,929 | €964 | €5,854 | €3,664 | ▼ 37.4% |
| Taxes, remuneration and social security45 | €21,456 | €21,097 | €21,154 | €18,740 | €18,642 | ▼ 0.5% |
| Taxes450/3 | €13,128 | €12,653 | €12,360 | €9,567 | €8,994 | ▼ 6.0% |
| Remuneration and social security454/9 | €8,327 | €8,444 | €8,794 | €9,172 | €9,648 | ▲ 5.2% |
| Other amounts payable47/48 | €75,758 | €75,881 | €78,318 | €82,188 | €85,747 | ▲ 4.3% |
| Accrued charges and deferred income492/3 | €142 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,750 | €8,559 | €205 | -€3,115 | -€13,755 | ▼ 342% |
| + Depreciation and write-downs630 | €2,444 | €6,994 | €8,785 | €9,340 | €9,480 | ▲ 1.5% |
| Operating cash flow (approximation) | €8,194 | €15,553 | €8,990 | €6,225 | -€4,274 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€31,024 | €0 | -€3,952 | €0 | ▲ 100% |
| Change in cash | - | -€22,662 | €7,490 | €10,882 | €1,246 | ▼ 88.6% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€13,755
Net result drops to -€13,755, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €154,949 ▲3.9%
2 profitable years in a row build equity to €154,949.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,605
Net result €11,605 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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, Zandhoven · 1 establishment unit since 2003
Ground area
387 m²
Building footprint
131 m²
Volume, LiDAR
765 m³
Parcel 11054C0012/00M006, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIGERIE & STRANDMODE LADY M
since 20032.126.247.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054C0012/00M006 | Flanders | 387 m² | 1 · 131 m² | 8.3 m · 2 fl. |
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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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 573 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
Founded21-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47714Retail trade
47715Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479617488
Also
9925:BE0479617488
Registered
26-01-2026
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.