Losses
-€10,803 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
MARDOUNI
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €8,165 (2018)
-€4,450▼ €3,917
lowest -€5,297 (2025)
-€5,297▼ €1,514
peak €14,813 (2012)
€1,270▼ 80.7%
€4,608▼ 6.5%
Board2 names since 1999
2 directorsYALIM VASKEN and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Gross margin from -€533 to -€4,450Loss of €5,297Equity from €6,567 to €1,270Cash from €7,234 to €3,782
Key points
from the 2025 annual accountsDebts
€4,608 78% of the balance sheet
Suppliers 16%Taxes and wages 9%Other 76%
Liquidity
0.88 was 1.93 in 2024
Short-term debts fell from €4,926 to €4,608.
Turnover not published (abbreviated or micro format)
Checked score
54
Fair
Financially stronger than 32% of micro companies in clothing (NACE 14)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 317 companies (NACE 14, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €5,297, the second in a row (financial year 2025)
lowers risk
Size: total assets €5,878
Liquidity: current ratio 0.88, cash €3,782
Sector: Manufacture of wearing apparel (NACE 14)
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 14, micro). It does better than 42% of them on solvency, 66% on liquidity, 11% on profitability and 8% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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, 1,221 companies had the same profile as MARDOUNI has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MARDOUNI itself is lower: 0.2% within 12 months. It rests on far more data about MARDOUNI than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,221 companies, not a prediction for MARDOUNI. 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 publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.88 (1.93 in 2024), below 1. Short-term debt is 78.4% and cash 64.3% of total assets. 78.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€5,297
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
35 days early
2023
27 days early
2022
148 days late
2021
9 days late
2020
31 days late
2019
136 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 37 days after the deadline. In the sector (NACE 14), the median for financial year 2024 was 6 days before the deadline, and 35% 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 31 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
YA
YALIM ANDAREVIS
Director, since 22-01-2007
YV
YALIM VASKEN
Director, since 22-01-2007
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0467052921
First establishment
Léon Theodorstraat 54, Jette
Incorporation
published on 22-10-1999 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MARDOUNI Jette | €5,878 | -€4,450 | 21.6% | - |
| TOMA GROUP ONE Evere | €3,219 | -€2,199 | -2175.9% | - |
| Amina Model Antwerp | €23,601 | €1,315 | -52.3% | - |
| Golden Egg Company Antwerp | €35,610 | -€14,423 | 93.0% | - |
| LA COUTURIERE Schaerbeek | €3,413 | -€666 | 84.4% | - |
| WOODSTAG Brussels | €16,809 | -€2,011 | 87.7% | - |
| Studio Ester Goris Schaerbeek | €44,221 | -€6,518 | 44.8% | - |
These companies have the same main activity as MARDOUNI: manufacture of outerwear (NACE 14210). They are comparable in size and age: total assets between €3,220 and €44,200, founded between 1993 and 2019.
Official details
Source: KBO- Status
- Active since 13-10-1999Normal situation
- Activity
- Manufacture of outerwearNACE 14210and 2 others
- Establishment unit
- 2.092.699.7741090 Jette, since 02-11-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 18-04-2026
Annual accounts 2025
- €5,878▼ 48.9%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MARDOUNI
MARDOUNI files the abbreviated format. That format states no turnover. The gross margin fell from -€3,315 in 2006 to -€4,450 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 MARDOUNI
- What is the company number of MARDOUNI?
- The company number of MARDOUNI is 0467.052.921. The VAT number is the same number with BE in front: BE 0467.052.921.
- Where is MARDOUNI based?
- The registered office is at Léon Theodorstraat 54, 1090 Jette.Company details
- What does MARDOUNI do?
- According to the KBO register, the main activity is manufacture of outerwear (NACE 14210).
- What is the legal form of MARDOUNI?
- MARDOUNI is a private limited company (pre-2019) (BVBA).
- When was MARDOUNI founded?
- MARDOUNI was founded on 13-10-1999.
- Is MARDOUNI still active?
- Yes, MARDOUNI is an active enterprise in the KBO register.
- What is the turnover of MARDOUNI?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is MARDOUNI profitable?
- In financial year 2025, MARDOUNI made a loss of €5,297.
- Where can I find the annual accounts of MARDOUNI?
- MARDOUNI filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARDOUNI due?
- MARDOUNI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.