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Nationale4

Active
Public limited companyfounded 2014active for 12 yearsBrusselsesteenweg 185, 1785 Merchtem, Belgium20 active companies are registered at this addressKBO/BCE: BE 0550.533.297
Summary

Nationale4 has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €965,866 and a net result of €295,602. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 263 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Wholesale of clothing, excluding workwear and underwear
NACE 46423Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716
5 sites
Size
€2.0mtotal assets 2026
Staff
25.2 FTE
Equity
€965,866
Profit
€295,602
Financial health
88 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
THE FASHION SOCIETY · 100%
Board
5 members
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 75 days early2 of 10 deeds read
Why 88raises risk1 of the last 3 latelowers riskFounded in 2014Profit of €295,602 (financial year 2026)Equity €965,866 (49.0% of total assets)Show the evidence

Checked score

Score 2026
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (NACE 46, small)
Financial strength · tick = 2025
Strong
Solvency 74+9
equity 49.0% of total assets
Liquidity 33+8
short-term debt 50.5% · cash 6.9%
Profitability 88+88
return on assets 15.0%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,381 companies, NACE 46, small)
Last 24 months 11-2024: 6.4% 12-2024: 6.2%▼ -0.2 percentage points vs 11-2024 01-2025: 6.3%▲ +0.1 percentage points vs 12-2024 02-2025: 6.6%▲ +0.3 percentage points vs 01-2025 03-2025: 6.3%▼ -0.3 percentage points vs 02-2025 04-2025: 6.1%▼ -0.2 percentage points vs 03-2025 05-2025: 6.7%▲ +0.6 percentage points vs 04-2025 06-2025: 6.8%▲ +0.1 percentage points vs 05-2025 07-2025: 7.9%▲ +1.1 percentage points vs 06-2025highest value 08-2025: 2.6%▼ -5.3 percentage points vs 07-2025 09-2025: 2.6%● unchanged vs 08-2025 10-2025: 2.6%● unchanged vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.6%● unchanged vs 11-2025 01-2026: 2.4%▼ -0.2 percentage points vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.3%▼ -0.1 percentage points vs 03-2026 05-2026: 2.3%● unchanged vs 04-2026 06-2026: 2.2%▼ -0.1 percentage points vs 05-2026 07-2026: 0.3%▼ -1.9 percentage points vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.74, compared with 1.38 in 2025, above the usual 1.5; short-term debt: 50.5% and cash: 6.9% of total assets), but 51% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 57% on solvency, 34% on liquidity, 91% on profitability and 92% on growth.

The bankruptcy probability was computed on 13-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2014
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Profit of €295,602 (financial year 2026)
NBB · annual accounts
lowers risk · Equity €965,866 (49.0% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 17-06-2026, 75 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
75 days early
2025
53 days early
2023
42 days late
2022
91 days late
2021
21 days early
2020
53 days early
2019
24 days early
← 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 13 days before the deadline; the sector median (NACE 46) for financial year 2023 is 2 days before the deadline, and 40% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
13-10-2026 today31-01-2027 year end31-08-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Jo Willemyns, Kris Castelein and…Resignations: Stefan Goethaert BV (director)…
  2. Annual accounts filedfinancial year 2026 · full…
  3. Back to profitnet €295,602

Key points

  • Positive: Back in profit in 2026after -€701,710 in 2025 €295,602 View
  • Board changedlatest change 01-08-2026 · 5 in office 5 joined · 1 left View
  • Controlled by THE FASHION SOCIETYultimately: KORYS 100% View
  • Among the largest 15% on gross marginsector median €441,601 · 118 companies €1.6m View

By topic

Financials

Financial year
2026
Total assets
€2.0m
Profit
€295,602
Solvency
49.0%
Turnover▲ 31.3%
Net result
20192021
Go to Financials

Board & ownership

Board
5 members
Parent
THE FASHION SOCIETY · 100%
Auditor
Ernst et Young Reviseurs…
  • Jo WillemynsDirector
  • Kris CasteleinDirector
  • Stefan Goethaert BVDirector
  • VANBELLINGEN PeterDirector
  • Michael HamelryckDirector
Go to Board & ownership

Timeline

Events
17
Since
2016
Next accounts
by 31-08-2027
  1. 27-11-2025Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
  2. 09-07-2025Annual accounts filed
  3. 31-01-2025Weakest financial year
Go to Timeline

Company details

Sites
5
Legal form
Public limited company
Activity
Wholesale of clothing, excluding workwear and underwearNACE 46423
Founded
10-04-2014
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

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