Equity
€10,429 from €280,585 in 2021
Equity fell by 96% in 4 years.
MR WATCHLEY
Lifetime
7 annual accounts with figures on one time axispeak €253,025 (2024)
€171,047▼ 32.4%
peak €180,636 (2024)
€118,932▼ 34.2%
peak €280,585 (2021)
€10,429▼ 94.5%
€783,612▲ 58.6%
peak 0.6 FTE (2022)
-not published
Board2 names since 2019
1 directorVyncke Maxime
Documentsfilings and deeds
25-05-202667 days before the deadline
2025abbreviated format
Gross margin from €253,025 to €171,047Result from €180,636 to €118,932Dividend €298,900Equity from €190,397 to €10,429Debts from €494,062 to €783,612
Key points
from the 2025 annual accountsTurnover
≈ €870,000 estimated
The accounts state no turnover.
Debts
€783,612 99% of the balance sheet
Suppliers 0%Taxes and wages 5%Other 95%
Of this, €707,484 falls due within a year.
Filings
7 annual accounts 4 late
The 2024 accounts came latest: 48 days after the end of the period.
Starting capital
€10,000 100 shares
Position in the sector
1.3%
Lower solvency than 86% of companies in wholesale trade. Sector median 42.9% · 9,902 companies.
Checked score
68
Healthy
Financially stronger than 40% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.8%▼ -0.1 percentage points vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025
09-2025: 1.7%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -1.2 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.4%▼ -0.1 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%▲ +0.2 percentage points vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
2 of the last 3 accounts late
Equity €10,429 (1.3% of total assets)
lowers risk
Size: total assets €794,041
Liquidity: current ratio 1.08, cash €355,961
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 46, micro). It does better than 17% of them on solvency, 54% on liquidity, 82% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 875 companies had the same profile as MR WATCHLEY has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.9%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MR WATCHLEY itself: 0.7% within 12 months.
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 875 companies, not a prediction for MR WATCHLEY. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.08 (1.43 in 2024), below the usual 1.5. Short-term debt is 89.1% and cash 44.8% of total assets. 98.7% 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 · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9902 sector peers (2025).
NBB · sector comparisonPosition among 9902 sector peers
Solvency
better than 13%
← weakest
strongest →
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 25-05-2026, 67 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
67 days early
2024
48 days late
2023
44 days late
2022
33 days early
2021
31 days early
2020
25 days late
2019
11 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 on the deadline day. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 30 June (4 of the last 5 accounts filed within 76 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VYNCKE Maxime Sylvie Philippe Louis de Gonzague 100 sharesdeed of 26-09-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0734840326
Resignation: Vyncke Jean-Jacques (director)
Appointment: Vyncke Maxime (director) · General meeting of 01-07-2020 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founder: VYNCKE Maxime Sylvie Philippe Louis de Gonzague · Appointment: VYNCKE Jean-Jacques Denis Marie Louis de Gonzague (director) · published on 26-09-2019 · Gazette deed
First establishment
Komijnstraat 16, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MR WATCHLEY Ghent | €0.8m | €171,047 | 1.3% | - |
| ClassicGrownJewelry Antwerp | €0.7m | €159,136 | 24.0% | - |
| Sanghavi Antwerp | €0.9m | €80,929 | 1.5% | - |
| Subtile Ternat | €0.5m | €166,258 | 73.4% | - |
| B. TAYMANS Antwerp | €1.0m | €372,960 | 53.0% | 2 |
| BILLION INC Ghent | €0.4m | €213,393 | 60.1% | - |
| MCW COLLECTION Uccle | €1.1m | €100,835 | 25.6% | 1 |
These companies have the same main activity as MR WATCHLEY: wholesale trade (NACE 46480). They are comparable in size and age: total assets between €406,000 and €1.1m, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 24-09-2019Normal situation
- Activity
- Wholesale tradeNACE 46480
- Establishment unit
- 2.293.803.0459000 Ghent, since 24-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Annual accounts 2025
- €794,041▲ 16.0%
- Filing
- Filed on 25-05-2026, 67 days before the end of the filing period
Insights on MR WATCHLEY
MR WATCHLEY files the abbreviated format. That format states no turnover. The gross margin rose from €14,166 in 2019 to €171,047 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 MR WATCHLEY
- What is the company number of MR WATCHLEY?
- The company number of MR WATCHLEY is 0734.840.326. The VAT number is the same number with BE in front: BE 0734.840.326.
- Where is MR WATCHLEY based?
- The registered office is at Komijnstraat 16, 9000 Ghent.Company details
- What does MR WATCHLEY do?
- According to the KBO register, the main activity is wholesale trade (NACE 46480).
- What is the legal form of MR WATCHLEY?
- MR WATCHLEY is a private limited company (BV).
- When was MR WATCHLEY founded?
- MR WATCHLEY was founded on 24-09-2019.
- Is MR WATCHLEY still active?
- Yes, MR WATCHLEY is an active enterprise in the KBO register.
- How many employees does MR WATCHLEY have?
- MR WATCHLEY had an average of 0.6 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of MR WATCHLEY?
- The turnover in financial year 2025 is ≈ €870,000. This figure is estimated from the gross margin of €171,047 and 102 comparable companies (NACE 46). It probably lies between €410,000 and €1.6m.
- Is MR WATCHLEY profitable?
- In financial year 2025, MR WATCHLEY made a profit of €118,932.
- Where can I find the annual accounts of MR WATCHLEY?
- MR WATCHLEY filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MR WATCHLEY due?
- MR WATCHLEY 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.