N°12
ActiveSummary
N°12 has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221,194 and a net result of €5,586. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 7.88 against 16.42 in 2024; short-term debt: 11.6% and cash: 57.8% of total assets), and 16.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.2%
Return on assets
2.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
24 d early
2023
16 d early
2022
32 d early
2021
34 d early
2020
18 d late
2019
32 d late
← 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 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€221,194▲ 2.6%
2024 · €215,608
Total assets
€265,974▲ 16.2%
2024 · €228,985
Net result
€5,586▼ 40.8%
2024 · €9,431
Working capital
€211,520▲ 2.6%
2024 · €206,248
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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€19,615▼ 34.0%€99,505▲ 407%€81,715▼ 17.9%€14,636▼ 82.1%€8,370▼ 42.8%
Net result€17,084within the sector's middle half▼ 33.9%€73,377above the sector's middle half▲ 329%€58,075above the sector's middle half▼ 20.9%€9,431within the sector's middle half▼ 83.8%€5,586within the sector's middle half▼ 40.8%
Equity€74,724within the sector's middle half▲ 29.6%€148,101above the sector's middle half▲ 98.2%€206,177above the sector's middle half▲ 39.2%€215,608above the sector's middle half▲ 4.6%€221,194above the sector's middle half▲ 2.6%
Total assets€147,633within the sector's middle half▲ 4.3%€203,697within the sector's middle half▲ 38.0%€229,510within the sector's middle half▲ 12.7%€228,985above the sector's middle half▼ 0.2%€265,974above the sector's middle half▲ 16.2%
Debt€72,909▼ 13.1%€55,596▼ 23.7%€23,333▼ 58.0%€13,378▼ 42.7%€44,780▲ 235%
Working capital€76,381▲ 12.5%€141,570▲ 85.3%€193,260▲ 36.5%€206,248▲ 6.7%€211,520▲ 2.6%
Solvency50.6%within the sector's middle half▲ 9.9pp72.7%above the sector's middle half▲ 22.1pp89.8%above the sector's middle half▲ 17.1pp94.2%above the sector's middle half▲ 4.3pp83.2%above the sector's middle half▼ 11.0pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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 has fallen three years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,974
Fixed assets
€23,707 ▲ 153%
Current assets
€242,267 ▲ 10.3%
Equity and liabilities €265,974
Equity
€221,194 ▲ 2.6%
Debt
€44,780 ▲ 235%
Debt's share of the balance-sheet total rises from 5.8% to 16.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,440▼
2024 · €20,151
Cash flow
€11,656▼
2024 · €14,946
Current ratio
7.88▼
2024 · 16.42
Debt to equity
0.20▲
2024 · 0.06
ROE
2.5%▼
2024 · 4.4%
ROA
2.1%▼
2024 · 4.1%
Interest coverage
17.69▼
2024 · 29.89
Debt ≤ 1 year
€30,746▲
2024 · €13,378
Debt > 1 year
€14,034
Income taxes
€2,814▼
2024 · €4,964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €500 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,793 | €22,307 | €4,158 | €5,515 | €6,070 | ▲ 10.1% |
| Other operating charges640/8 | €1,605 | €1,331 | €1,753 | €1,730 | €1,910 | ▲ 10.4% |
| Non-recurring operating charges66A | - | - | - | €1,247 | €0 | ▼ 100% |
| Gross operating margin9900 | €43,013 | €123,143 | €87,626 | €23,128 | €16,350 | ▼ 29.3% |
| Operating profit (loss)9901 | €19,615 | €99,505 | €81,715 | €14,636 | €8,370 | ▼ 42.8% |
| Financial income75/76B | €814 | €566 | €1,052 | €434 | €847 | ▲ 95.4% |
| Recurring financial income75 | €814 | €566 | €1,052 | €434 | €847 | ▲ 95.4% |
| Financial charges65/66B | €1,526 | €1,581 | €1,283 | €674 | €816 | ▲ 21.1% |
| Recurring financial charges65 | €1,526 | €1,581 | €1,283 | €674 | €816 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €18,903 | €98,491 | €81,483 | €14,396 | €8,400 | ▼ 41.6% |
| Income taxes67/77 | €1,818 | €25,113 | €23,408 | €4,964 | €2,814 | ▼ 43.3% |
| Profit (loss) for the period9904 | €17,084 | €73,377 | €58,075 | €9,431 | €5,586 | ▼ 40.8% |
| Profit (loss) for the period to be appropriated9905 | €17,084 | €73,377 | €58,075 | €9,431 | €5,586 | ▼ 40.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,633 | €203,697 | €229,510 | €228,985 | €265,974 | ▲ 16.2% |
| Fixed assets21/28 | €28,424 | €10,658 | €12,917 | €9,360 | €23,707 | ▲ 153% |
| Intangible fixed assets21 | - | - | €3,251 | €1,858 | €465 | ▼ 74.9% |
| Tangible fixed assets22/27 | €28,234 | €10,468 | €9,666 | €7,502 | €23,242 | ▲ 210% |
| Plant, machinery and equipment23 | €20,578 | €854 | €2,410 | €2,605 | €20,704 | ▲ 695% |
| Furniture and vehicles24 | €2,919 | €2,339 | €1,643 | €947 | €251 | ▼ 73.5% |
| Other tangible fixed assets26 | €4,737 | €7,275 | €5,612 | €3,949 | €2,286 | ▼ 42.1% |
| Financial fixed assets28 | €190 | €190 | €0 | - | - | - |
| Current assets29/58 | €119,209 | €193,038 | €216,593 | €219,625 | €242,267 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €62,761 | €56,356 | €38,976 | €19,864 | €85,298 | ▲ 329% |
| Trade receivables40 | €56,835 | €56,305 | €38,976 | €8,024 | €63,077 | ▲ 686% |
| Other amounts receivable41 | €5,926 | €52 | €0 | €11,841 | €22,222 | ▲ 87.7% |
| Cash at bank and in hand54/58 | €53,412 | €135,101 | €175,813 | €198,396 | €153,733 | ▼ 22.5% |
| Deferred charges and accrued income490/1 | €3,036 | €1,581 | €1,804 | €1,366 | €3,236 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,633 | €203,697 | €229,510 | €228,985 | €265,974 | ▲ 16.2% |
| Equity10/15 | €74,724 | €148,101 | €206,177 | €215,608 | €221,194 | ▲ 2.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €83,277 | €129,501 | €187,577 | €197,008 | €202,594 | ▲ 2.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Distributable reserves133 | €78,417 | €124,641 | €182,717 | €192,148 | €197,734 | ▲ 2.9% |
| Profit (loss) carried forward14 | -€27,153 | - | - | - | - | - |
| Amounts payable17/49 | €72,909 | €55,596 | €23,333 | €13,378 | €44,780 | ▲ 235% |
| Amounts payable after more than one year17 | €30,081 | €4,127 | €0 | - | €14,034 | - |
| Financial debts170/4 | €30,081 | €4,127 | €0 | - | €14,034 | - |
| Amounts payable within one year42/48 | €42,828 | €51,468 | €23,333 | €13,378 | €30,746 | ▲ 130% |
| Current portion of amounts payable after more than one year42 | €22,063 | €17,060 | €4,127 | €0 | €3,297 | - |
| Financial debts43 | - | €860 | €5,149 | €5,157 | €5,126 | ▼ 0.6% |
| Credit institutions430/8 | - | €860 | €5,149 | €5,157 | €5,126 | ▼ 0.6% |
| Trade debts44 | €16,040 | €30,081 | €2,305 | €1,789 | €10,832 | ▲ 505% |
| Suppliers440/4 | €16,040 | €30,081 | €2,305 | €1,789 | €10,832 | ▲ 505% |
| Advances received on contracts in progress46 | - | €254 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €4,725 | €3,215 | €11,223 | €6,407 | €11,141 | ▲ 73.9% |
| Taxes450/3 | €4,725 | - | €9,121 | €0 | €5,992 | - |
| Remuneration and social security454/9 | - | €3,215 | €2,102 | €6,407 | €5,149 | ▼ 19.6% |
| Other amounts payable47/48 | - | - | €529 | €24 | €350 | ▲ 1,358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,084 | €73,377 | €58,075 | €9,431 | €5,586 | ▼ 40.8% |
| + Depreciation and write-downs630 | €21,793 | €22,307 | €4,158 | €5,515 | €6,070 | ▲ 10.1% |
| Operating cash flow (approximation) | €38,877 | €95,684 | €62,234 | €14,946 | €11,656 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | -€4,541 | -€6,417 | -€1,958 | -€20,417 | ▼ 943% |
| Change in cash | - | €81,689 | €40,712 | €22,583 | -€44,663 | ▼ 298% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 9.28
Current ratio from 3.75 to 9.28; short-term debt falls from €51,468 to €23,333.
31-12
Financial
Equity above €200,000Eq €206,177 ▲39.2%
5 profitable years in a row build equity to €206,177.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €73,377 ▲329%
Operating result €99,505, net result €73,377, both a record.
31-12
Financial
Equity above €100,000Eq €148,101 ▲98.2%
4 profitable years in a row build equity to €148,101.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €15,882
Net result €15,882 after one loss-making year.
Show earlier events
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2002
Ground area
148 m²
Building footprint
108 m²
Volume, LiDAR
930 m³
Parcel 11806F1281/00K007, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Korte Altaarstraat 12, 2018 Antwerpen
since 20022.096.298.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1281/00K007 | Flanders | 148 m² | 1 · 108 m² | 14.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 640 EUR awarded · 577 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 357 EUR | 294 EUR |
| 2024 | 1 | 283 EUR | 283 EUR |
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Of 3,838 companies in sector 74111 we hold annual accounts for 1,006. 804 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
Founded15-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
47551Retail sale of household furniture
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
60310News agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477532087
Also
9925:BE0477532087
Registered
23-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.