Equity
-€36,261
Debts exceed assets in financial year 2025.
LIEZGE
Lifetime
9 annual accounts with figures on one time axisGross marginpeak €44,736 (2020)
€42,400▼ 4.2%
Resultlowest -€27,440 (2017)
-€1,967▼ €5,162
Equitypeak -€9,772 (2020)
-€36,261▼ €1,967
Debts
€63,524▼ 9.4%
Staffpeak 1.1 FTE (2018)
-not published
Board2 names since 2016
2 directorsOtag Haci and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Loss of €1,967
Key points
from the 2025 annual accountsDebts
€63,524 233% of the balance sheet
Suppliers 7%Taxes and wages 22%Other 71%
Position in the sector
-133.0%
Lower solvency than 92% of companies in retail trade. Sector median 33.2% · 22,817 companies.
2025 accounts filed 25 days after the deadline
Checked score
53
Fair
Financially stronger than 19% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.5%● unchanged vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.4%▼ -0.1 percentage points vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.3%▼ -0.1 percentage points vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.3%● unchanged vs 06-2025
08-2025: 3.2%▲ +0.9 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -1.8 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.3%▼ -0.1 percentage points vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026lowest value
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.6 percentage points vs 07-2026
09-2026: 1.4%▼ -0.5 percentage points vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€36,261
Sector: Retail trade (NACE 47)
Loss of €1,967 (financial year 2025)
lowers risk
Size: total assets €27,264
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 21% on liquidity, 18% on profitability and 30% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as LIEZGE has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIEZGE itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for LIEZGE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.42 in 2024), below 1. Short-term debt is 233% and cash 18.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€36,261
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
25 days late
2024
27 days late
2023
2 days early
2022
53 days late
2021
61 days late
2020
30 days late
2019
108 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 43 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
OH
Otag Haci
Director, since 28-06-2016
OZ
OTAG Zeki
Director, since 28-06-2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0657779962
First establishment
Brugsesteenweg 92, Ghent
Incorporation
published on 30-06-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| LIEZGE Ghent | €27,264 | €42,400 | -133.0% | - |
| TOP-FASHION Knokke-Heist | €33,987 | €44,961 | -67.7% | - |
| MZ TRADING Lokeren | €31,386 | €35,711 | 76.6% | - |
| Nathan Berchem-Sainte-Agathe | €39,263 | €49,818 | 68.0% | - |
| AJLILOU Molenbeek-Saint-Jean | €38,882 | €33,389 | 72.2% | - |
| CHARLES COTONAY Knokke-Heist | €35,922 | €34,780 | -110.9% | 0.8 |
| ENFI Woluwe-Saint-Lambert | €27,303 | €38,909 | 70.3% | - |
These companies have the same main activity as LIEZGE: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €27,300 and €39,300, founded between 2012 and 2018.
Official details
Source: KBO- Status
- Active since 28-06-2016Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 2 others
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.271.900.6439000 Ghent, since 02-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- Turnover
- ≈ €210,000estimated
- Total assets
- €27,264▼ 23.9%
- Staff
- ≈ 0.9 FTEestimated
- Filing
- Filed on 25-08-2026
Insights on LIEZGE
LIEZGE files the micro format. That format states no turnover. The gross margin rose from -€8,802 in 2017 to €42,400 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LIEZGE
- What is the company number of LIEZGE?
- The company number of LIEZGE is 0657.779.962. The VAT number is the same number with BE in front: BE 0657.779.962.
- Where is LIEZGE based?
- The registered office is at Brugsesteenweg 92, 9000 Ghent.Company details
- What does LIEZGE do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of LIEZGE?
- LIEZGE is a private limited company (pre-2019) (BVBA).
- When was LIEZGE founded?
- LIEZGE was founded on 28-06-2016.
- Is LIEZGE still active?
- Yes, LIEZGE is an active enterprise in the KBO register.
- How many employees does LIEZGE have?
- LIEZGE had an average of 1.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does LIEZGE fall under?
- In its 2024 annual accounts, LIEZGE states joint committee 201 (Independent retail).
- What is the turnover of LIEZGE?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €42,400 and 51 comparable companies (NACE 477). It probably lies between €110,000 and €370,000.
- Is LIEZGE profitable?
- In financial year 2025, LIEZGE made a loss of €1,967.
- Where can I find the annual accounts of LIEZGE?
- LIEZGE filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LIEZGE due?
- LIEZGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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