Equity
Equity fell by 99% in 3 years.
Equity fell by 99% in 3 years.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
The micro format states no turnover.
Of this, €15,465 falls due within a year.
The 2022 accounts came 31 days late. The other seven were filed on time.
Lower net result than 95% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.
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.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 16% of them on solvency, 64% on liquidity, 6% 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).
In July 2024, 646 companies had the same profile as NAMERI has now. Each dot stands for 2 companies, two years later.
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NAMERI itself is lower: 1.1% within 12 months. It rests on far more data about NAMERI than the profile alone.
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 646 companies, not a prediction for NAMERI. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 7.08 (9.42 in 2024), above the usual 1.5. Short-term debt is 7% and cash 6.3% of total assets. However, 99.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
These companies have the same main activity as NAMERI: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €97,300 and €278,000, founded between 2012 and 2018.
NAMERI files the micro format. That format states no turnover. The gross margin fell from €61,797 in 2018 to €10,622 in 2025.
The balance sheet grew most from 2021 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 20% of 13,800 companies in 2025.
Higher than 87% of 13,181 companies in 2025.
Higher than 9% of 13,360 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
220,783 | 270,495 | 320,170 | 356,449 | 339,906 | 117,006 | 120,675 | 123,617 | |
20 |
- | - | 0 | - | - | - | - | - | |
21/28 |
111,220 | 138,512 | 166,011 | 186,169 | 201,199 | 47,410 | 57,352 | 65,495 | |
21 |
- | 3,333 | 6,667 | 10,000 | 0 | - | 177 | 353 | |
22/27 |
111,040 | 134,999 | 159,064 | 175,889 | 201,019 | 47,230 | 56,995 | 64,962 | |
23 |
828 | 2,752 | 4,676 | 6,696 | 10,374 | 5,646 | 8,421 | 11,196 | |
24 |
46 | 122 | 305 | 308 | 509 | 248 | 1,472 | 1,953 | |
26 |
110,166 | 132,125 | 154,083 | 168,885 | 190,137 | 41,337 | 47,103 | 51,812 | |
28 |
180 | 180 | 280 | 280 | 180 | 180 | 180 | 180 | |
29/58 |
109,562 | 131,983 | 154,159 | 170,280 | 138,707 | 69,595 | 63,323 | 58,122 | |
3 |
92,783 | 114,666 | 119,104 | 138,182 | 83,181 | 42,638 | 44,995 | 30,189 | |
30/36 |
92,783 | 114,666 | 119,104 | 138,182 | 83,181 | 42,638 | 44,995 | 30,189 | |
40/41 |
356 | 78 | 1,861 | 2,098 | 22,743 | 5,153 | 3,456 | 8,913 | |
40 |
355 | 50 | 1,856 | 2,098 | - | - | - | - | |
41 |
2 | 28 | 5 | - | 22,743 | 5,153 | 3,456 | 8,913 | |
54/58 |
13,968 | 13,052 | 28,483 | 26,698 | 28,691 | 21,185 | 14,260 | 18,039 | |
490/1 |
2,455 | 4,187 | 4,710 | 3,303 | 4,093 | 620 | 613 | 981 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
220,783 | 270,495 | 320,170 | 356,449 | 339,906 | 117,006 | 120,675 | 123,617 | |
10/15 |
352 | 59,514 | 50,883 | 70,006 | 68,411 | 67,493 | 62,106 | 53,882 | |
10/11 |
100,000 | 100,000 | 42,500 | 46,750 | 46,750 | 42,500 | 42,500 | 42,500 | |
100 |
- | - | - | - | - | 42,500 | 42,500 | 42,500 | |
13 |
- | - | - | - | - | 4,250 | 4,250 | 4,250 | |
130/1 |
- | - | - | - | - | 4,250 | - | - | |
130 |
- | - | - | - | - | 4,250 | 4,250 | 4,250 | |
14 |
-99,648 | -40,486 | 8,383 | 23,256 | 21,661 | 20,743 | 15,356 | 7,132 | |
17/49 |
220,431 | 210,981 | 269,287 | 286,443 | 271,495 | 49,513 | 58,570 | 69,735 | |
17 |
200,000 | 195,000 | 250,000 | 257,500 | 225,000 | 20,000 | 25,000 | 50,000 | |
170/4 |
200,000 | 195,000 | 250,000 | 257,500 | 225,000 | 20,000 | 25,000 | 50,000 | |
42/48 |
15,465 | 14,015 | 18,758 | 28,943 | 45,911 | 29,224 | 29,082 | 16,889 | |
44 |
6,974 | 6,016 | 18,758 | 19,566 | 41,536 | 23,787 | 19,865 | 10,601 | |
440/4 |
6,974 | 6,016 | 18,758 | 19,566 | 41,536 | 23,787 | 19,865 | 10,601 | |
45 |
8,491 | 7,999 | - | 9,376 | 4,375 | 5,437 | 9,218 | 6,272 | |
450/3 |
5,093 | 4,706 | - | 7,134 | - | 1,378 | 3,626 | 1,603 | |
454/9 |
3,399 | 3,293 | - | 2,242 | 4,375 | 4,059 | 5,592 | 4,669 | |
47/48 |
- | - | - | - | - | - | - | 16 | |
492/3 |
4,966 | 1,966 | 529 | - | 585 | 289 | 4,487 | 2,846 | |
| Income statement | |||||||||
70 |
- | - | - | - | - | - | 148,712 | 144,216 | |
9900 |
10,622 | 19,576 | 44,330 | 68,129 | 35,942 | 42,408 | 56,029 | 61,797 | |
60/61 |
- | - | - | - | - | - | 111,691 | 108,567 | |
62 |
37,225 | 36,185 | 33,410 | 38,084 | 23,640 | 25,390 | 32,421 | 34,782 | |
630 |
27,292 | 27,399 | 27,455 | 26,039 | 9,779 | 9,942 | 9,942 | 13,066 | |
640/8 |
864 | 531 | 1,199 | 1,211 | 845 | 754 | 786 | 1,131 | |
66A |
- | - | - | - | - | - | - | 100 | |
9901 |
-54,759 | -44,538 | -17,734 | 2,795 | 1,678 | 6,322 | 12,881 | 12,717 | |
75/76B |
47 | 162 | 101 | 568 | 403 | 149 | 176 | 98 | |
75 |
47 | 162 | 101 | 568 | 403 | 149 | 176 | 98 | |
65/66B |
4,449 | 4,493 | 1,490 | 1,768 | 1,162 | 1,085 | 1,203 | 1,367 | |
65 |
4,449 | 4,493 | 1,490 | 1,768 | 1,162 | 1,085 | 1,203 | 1,367 | |
9903 |
-59,162 | -48,869 | -19,123 | 1,595 | 918 | 5,387 | 11,853 | 11,447 | |
67/77 |
- | - | - | - | 0 | - | 3,630 | 65 | |
9904 |
-59,162 | -48,869 | -19,123 | 1,595 | 918 | 5,387 | 8,224 | 11,382 | |
9905 |
-59,162 | -48,869 | -19,123 | 1,595 | 918 | 5,387 | 8,224 | 11,382 | |
| Appropriation of the result | |||||||||
9906 |
-99,648 | -40,486 | 4,133 | 23,256 | 21,661 | 20,743 | 15,356 | 11,382 | |
14P |
-40,486 | 8,383 | 23,256 | 21,661 | 20,743 | - | - | - | |
791/2 |
- | - | 4,250 | - | 4,250 | - | - | - | |
691/2 |
- | - | - | - | 4,250 | - | - | 4,250 | |
691 |
- | - | - | - | 4,250 | - | - | - | |
6920 |
- | - | - | - | - | - | - | 4,250 | |
| Social balance sheet | |||||||||
9087 |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
Hours worked1013 |
1,711 | - | 1,693 | 1,766 | 1,651 | 1,423 | 1,759 | 2,364 | |
| Document | |||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00268995 | |
| 31-12-2024 | micro format | 14-06-2025 | 2025-00139084 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00232894 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00388962 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20018690 | |
| 30-09-2020 | micro format | 08-04-2021 | 2021-10000335 | |
| 30-09-2019 | micro format | 17-03-2020 | 2020-06900334 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07800555 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| -27,467 | -17,140 | 9,721 | 28,834 | 11,457 | 16,264 | 22,822 | 25,783 | ||
| -31,870 | -21,470 | 8,332 | 27,634 | 10,697 | 15,328 | 18,166 | 24,449 | ||
| 0 | -100 | 7,298 | 11,008 | 163,568 | 0 | 1,799 | 78,561 | ||
| 916 | -15,431 | 1,786 | -1,993 | 7,506 | 6,925 | -3,780 | - | ||
| 94,098 | 117,968 | 135,401 | 141,337 | 92,796 | 40,371 | 34,241 | 41,233 | ||
| - | - | - | - | - | - | 8.7% | 8.8% | ||
| 0.2% | 22.0% | 15.9% | 19.6% | 20.1% | 57.7% | 51.5% | 43.6% | ||
| 7.08 | 9.42 | 8.22 | 5.88 | 3.02 | 2.38 | 2.18 | 3.44 | ||
| 1.09 | 1.24 | 1.87 | 1.11 | 1.21 | 0.92 | 0.63 | 1.65 | ||
| - | 3.55 | 5.29 | 4.09 | 3.97 | 0.73 | 0.94 | 1.29 | ||
| - | -82.1% | -37.6% | 2.3% | 1.3% | 8.0% | 13.2% | 21.1% | ||
| -26.8% | -18.1% | -6.0% | 0.4% | 0.3% | 4.6% | 6.8% | 9.2% | ||
| -6.17 | -3.81 | 6.53 | 16.31 | 9.86 | - | - | - | ||
| - | - | - | - | - | - | 8 days | 23 days | ||
| - | - | - | - | - | - | 65 days | 36 days |
The equity ratios are withheld because equity of €352 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| 1 | - | 1 | 1 | 1 | |
| On a permanent contract | - | - | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €7,298 | €908 | €163,568 |
| Intangible fixed assets | - | - | - | €10,000 | - |
| Financial fixed assets | - | - | - | €100 | - |
| €27,292 | €27,399 | €27,455 | €26,039 | €9,779 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €54,759, larger than the loss of €44,538 in 2024. It is the lowest result since 2018.
Debt's share of the balance-sheet total rises from 78.0% to 99.8%. Equity is lower and debt is higher.
NAMERI has no parent and no holdings in its annual accounts. Claire MATTHYS is the only director. NAMERI shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Miroir 23 registered office 7000 Mons 14210 Manufacture of outerwear | 04-04-2017 | 2.263.674.251 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53403G0362/00A000 | 238 m² | 1 · 56 m² | 13.3 m · 4 |
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