More Fashion

Active

Public limited companyfounded 199927 yrs activeMeensesteenweg(Bis) 449, 8501 Kortrijk, BelgiumKBO/BCE: BE 0466.119.840

Summary

More Fashion has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €478k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 145 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2026

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2025

Profitability52▼-8

Solvency55▲+4

Growth32=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €24k at 30 days acceptable

Liquidity ample (current ratio 1.89 against 1.72 in 2025; short-term debt: 48.8% and cash: 5.6% of total assets), but 69.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2026

Solvency, return and age of the figures

Solvency

30.3%

Return on assets

1.7%

Age of the figures

7 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Growing equity

Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.

NBB · annual accounts 2026

Equity per financial year

1920212223242526

2019 to 2026 · latest year €478k

Latest accounts filed on time

The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 10-07-2026, 82 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

82 d early

2025

96 d early

2024

115 d early

2023

113 d early

2022

63 d early

2021

70 d early

2020

75 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today28-02-2027 close30-09-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2026, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€27k▼ 38.0%

2025 · €43k

2019: €64k 2020: €-232k 2021: €-915k 2022: €-98k 2023: €103k 2024: €55k 2025: €43k

2019 → 2026

Working capital

€682k▲ 4.5%

2025 · €653k

2019: €2.53M 2020: €1.90M 2021: €472k 2022: €613k 2023: €688k 2024: €639k 2025: €653k

2019 → 2026

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20222023202420252026Trend

Equity€250k-€353k▲ 41.2%€408k▲ 15.6%€451k▲ 10.5%€478k▲ 5.9%

Operating result€-78k-€129k€89k▼ 30.9%€64k▼ 28.9%€52k▼ 18.8%

Net result€-98k-€103k€55k▼ 46.5%€43k▼ 22.0%€27k▼ 38.0%

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2026 is 19% below 2025.

Balance-sheet composition

2026 in colour, 2025 as the grey bar beneath

Assets €1.57M

92.2%

Fixed assets €123k ▼ 25.4%

Current assets €1.45M ▼ 7.2%

Equity and liabilities €1.57M

30.3%

69.7%

Equity €478k ▲ 5.9%

Debt €1.10M ▼ 14.1%

Debt's share of the balance-sheet total falls from 73.9% to 69.7%. Equity is higher and debt is lower.

Key figures and ratios

2026 value · change against 2025

EBITDA

€101k▼

2025 · €121k

Cash flow

€76k▼

2025 · €100k

Current ratio

1.89▲

2025 · 1.72

Quick ratio

0.22▼

2025 · 0.24

Debt to equity

2.30▼

2025 · 2.83

ROE

5.6%▼

2025 · 9.5%

ROA

1.7%▼

2025 · 2.5%

Interest coverage

3.74▼

2025 · 4.53

Debt ≤ 1 year

€769k▼

2025 · €910k

Debt > 1 year

€312k▼

2025 · €356k

Income taxes

€372▼

2025 · €377

Staff costs

€746k▼

2025 · €818k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2026 against 2025 · 54 lines

Balance sheet Code20252026

Assets

Total assets20/58€1.73M€1.57M▼

Fixed assets21/28€165k€123k▼

Intangible fixed assets21€52k€37k▼

Tangible fixed assets22/27€113k€87k▼

Plant, machinery and equipment23€96k€76k▼

Furniture and vehicles24€17k€11k▼

Financial fixed assets28€15€15=

Current assets29/58€1.56M€1.45M▼

Stocks and contracts in progress3€1.34M€1.29M▼

Stocks30/36€1.34M€1.29M▼

Amounts receivable within one year40/41€81k€40k▼

Trade receivables40€48k€2k▼

Other amounts receivable41€33k€38k▲

Cash at bank and in hand54/58€89k€87k▼

Deferred charges and accrued income490/1€53k€39k▼

Equity and liabilities

Total equity and liabilities10/49€1.73M€1.57M▼

Equity10/15€451k€478k▲

Contributions10/11€1.13M€1.13M=

Capital10€1.13M€1.13M=

Issued capital100€1.13M€1.13M=

Reserves13€46k€46k=

Non-distributable reserves130/1€46k€46k=

Legal reserve130€46k€46k=

Profit (loss) carried forward14€-720k€-693k▲

Amounts payable17/49€1.28M€1.10M▼

Amounts payable after more than one year17€356k€312k▼

Financial debts170/4€356k€312k▼

Amounts payable within one year42/48€910k€769k▼

Current portion of amounts payable after more than one year42€80k€47k▼

Trade debts44€710k€605k▼

Suppliers440/4€710k€605k▼

Taxes, remuneration and social security45€112k€109k▼

Taxes450/3€1k€2k▲

Remuneration and social security454/9€111k€107k▼

Other amounts payable47/48€8k€8k=

Accrued charges and deferred income492/3€11k€15k▲

Income statement Code20252026

Non-recurring operating income76A€1k-

Remuneration, social security and pensions62€818k€746k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€50k▼

Other operating charges640/8€16k€15k▼

Non-recurring operating charges66A€2k-

Gross operating margin9900€956k€861k▼

Operating profit (loss)9901€64k€52k▼

Financial income75/76B€6k€3k▼

Recurring financial income75€6k€3k▼

Financial charges65/66B€27k€27k▲

Recurring financial charges65€27k€27k▲

Profit (loss) for the period before taxes9903€43k€27k▼

Income taxes67/77€377€372▼

Profit (loss) for the period9904€43k€27k▼

Profit (loss) for the period to be appropriated9905€43k€27k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-720k€-693k▲

Profit (loss) brought forward from the previous period14P€-763k€-720k▲

Social balance

Average headcount (FTE)908722.820.6▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2027, expected by 30-09-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2026 · full schema

2025

26-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

07-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2023

09-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

28-02

Financial Back to profitnet €103k

Net result €103k after 3 loss-making years.

2022

29-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2021

22-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

28-02

Financial Weakest financial yearnet €-915k

Net result drops to €-915k, the lowest in the series; recovery starts the following year.

2020

17-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2019

18-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2018

29-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

30-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

15 acts for this company are 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, Kortrijk · 10 establishment units since 1999

establishment All 10 establishment units on the map

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.

Meensesteenweg(Bis) 4498501 Kortrijk

Ground area

10.7 ha

Building footprint

6.5 ha

Volume, LiDAR

515,104 m³

10 parcels, Flanders · tallest building 27.4 m, ±5 floors. Linked by address, not a title deed.

10 establishment units

FORMEN

Gasthuisstraat 4, 2300 TurnhoutRetail sale of clothing and accessories for women, men, children and babies (general range)

since 19992.091.895.070

FORMEN

Diestsestraat 18, 3000 LeuvenRetail sale of clothing and accessories for women, men, children and babies (general range)

since 19992.091.894.674

FORMEN

Menenstraat 11, 8900 IeperNACE 52426

since 20022.113.918.327

Meensesteenweg(Bis) 449, 8501 Kortrijk

NACE 52426

since 20032.113.918.426

Formen

Albert I laan 209, 8620 NieuwpoortRetail trade

since 20082.171.127.343

FORMEN

Adolf Buylstraat 31, 8400 OostendeRetail trade

since 20122.210.144.604

Show 4 more locations

Formen Ring Shopping

Ringlaan(Kor) 34, 8500 KortrijkRetail trade

since 20132.218.872.030

FORMEN

Zeelaan(Kok) 234, 8670 KoksijdeRetail trade

since 20142.231.618.325

Formen

Turnhoutsebaan 5, 2110 WijnegemRetail sale of clothing and accessories for women, men, children and babies (general range)

since 20192.291.727.344

Formen

Luikerstraat 26, 3800 Sint-TruidenRetail sale of clothing and accessories for women, men, children and babies (general range)

since 20192.291.727.443

10 parcels

Flanders 10 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11050B0010/00E002	Flanders	5.6 ha	1 · 4.9 ha	27.4 m · 4 fl.
34352B0962/00W000	Flanders	4.9 ha	1 · 1.5 ha	-
34007B0067/00R003	Flanders	935 m²	1 · 156 m²	9.4 m · 2 fl.
33011G0004/00G000	Flanders	201 m²	1 · 150 m²	13.4 m · 3 fl.
71053H1093/00K000	Flanders	166 m²	1 · 149 m²	16.4 m · 2 fl.
38342G0557/00B000	Flanders	147 m²	1 · 115 m²	13.0 m · 4 fl.
35013A0072/00D000	Flanders	89 m²	1 · 67 m²	16.0 m · 5 fl.
13454Q0411/00A000	Flanders	68 m²	1 · 68 m²	16.9 m · 4 fl.
24502B0800/00L000	Flanders	51 m²	1 · 34 m²	15.6 m · 5 fl.
38402D0099/02_000	Flanders	14 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 9

10 of 10 parcels 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

Brera MH

BE 0772.397.142

Sint-Truiden · Eq €479k

Heist-op-den-Berg · Eq €482k

Of 2,210 companies in sector 47711 we hold annual accounts for 888. 517 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded27-05-1999

Fiscal year end28-02

Activities, NACEBEL 2025

47711Retail sale of women's outerwear

47712Retail trade

47715Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.