NEW MODE COMPANY
ActiveSummary
The computed 12-month bankruptcy probability of NEW MODE COMPANY is 1.8% (moderate). The annual accounts of NEW MODE COMPANY for fiscal year 2024 show a net loss of 77% of the equity at the start of that year. The 2024 annual accounts show equity of €4,313 and a net result of -€14,406. Equity is shrinking by ~13.4% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-14
Solvency39▼-25
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.13 against 1.6 in 2023; short-term debt: 85.9% and cash: 5% of total assets), and 85.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.1%
Return on assets
-47.1%
Age of the figures
21 mo
raises risk · 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
Retail trade (NACE 47)
about 45% more 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
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
14 d early
2023
7 d late
2022
44 d late
2021
53 d early
2020
31 d early
2019
17 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 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 17 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€4,313▼ 77.0%
2023 · €18,719
Total assets
€30,613▼ 35.4%
2023 · €47,397
Net result
-€14,406▼ 670%
2023 · -€1,870
Working capital
€3,427▼ 80.0%
2023 · €17,118
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€4,037▲ 5.3%-€3,096-€7,166▼ 131%-€1,547▲ 78.4%-€14,051▼ 808%
Net result€3,888within the sector's middle half▲ 5.3%-€3,251below the sector's middle half-€8,078below the sector's middle half▼ 149%-€1,870within the sector's middle half▲ 76.8%-€14,406below the sector's middle half▼ 670%
Equity€31,919within the sector's middle half▲ 13.9%€28,668within the sector's middle half▼ 10.2%€20,590within the sector's middle half▼ 28.2%€18,719within the sector's middle half▼ 9.1%€4,313within the sector's middle half▼ 77.0%
Total assets€62,825within the sector's middle half▼ 33.1%€60,640within the sector's middle half▼ 3.5%€53,631below the sector's middle half▼ 11.6%€47,397below the sector's middle half▼ 11.6%€30,613below the sector's middle half▼ 35.4%
Debt€30,907▼ 53.0%€31,972▲ 3.4%€33,042▲ 3.3%€28,677▼ 13.2%€26,300▼ 8.3%
Working capital€31,919within the sector's middle half▲ 13.9%€25,098within the sector's middle half▼ 21.4%€18,004within the sector's middle half▼ 28.3%€17,118within the sector's middle half▼ 4.9%€3,427within the sector's middle half▼ 80.0%
Solvency50.8%within the sector's middle half▲ 20.9pp47.3%within the sector's middle half▼ 3.5pp38.4%within the sector's middle half▼ 8.9pp39.5%within the sector's middle half▲ 1.1pp14.1%within the sector's middle half▼ 25.4pp
Current ratio2.03within the sector's middle half▲ 0.611.79within the sector's middle half▼ 0.251.54within the sector's middle half▼ 0.241.60within the sector's middle half▲ 0.051.13within the sector's middle half▼ 0.47
Return on assets (ROA)6.2%within the sector's middle half▲ 2.3pp-5.4%below the sector's middle half▼ 11.5pp-15.1%below the sector's middle half▼ 9.7pp-3.9%within the sector's middle half▲ 11.1pp-47.1%below the sector's middle half▼ 43.1pp
Staff (FTE)0.3
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €14,051 in 2024 against €1,547 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30,613
Fixed assets
€887 ▼ 44.6%
Current assets
€29,727 ▼ 35.1%
Equity and liabilities €30,613
Equity
€4,313 ▼ 77.0%
Debt
€26,300 ▼ 8.3%
Debt's share of the balance-sheet total rises from 60.5% to 85.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€13,067▼
2023 · -€563
Cash flow
-€13,422▼
2023 · -€886
Quick ratio
0.06▼
2023 · 0.33
Debt to equity
6.10▲
2023 · 1.53
ROE
-334.0%▼
2023 · -10.0%
Interest coverage
-36.79▼
2023 · -1.74
Debt ≤ 1 year
€26,300▼
2023 · €28,677
Staff costs
€1,329
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,221 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €1,329 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €367 | €984 | €984 | €984 | = |
| Other operating charges640/8 | - | €348 | €948 | €384 | €1,137 | ▲ 196% |
| Gross operating margin9900 | €35,371 | -€2,381 | -€5,234 | -€179 | -€10,601 | ▼ 5,833% |
| Operating profit (loss)9901 | €4,037 | -€3,096 | -€7,166 | -€1,547 | -€14,051 | ▼ 808% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | - | €0 | - | - | €0 | - |
| Financial charges65/66B | - | €155 | €913 | €323 | €355 | ▲ 10.0% |
| Recurring financial charges65 | €149 | €155 | €913 | €323 | €355 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €3,888 | -€3,251 | -€8,078 | -€1,870 | -€14,406 | ▼ 670% |
| Profit (loss) for the period9904 | €3,888 | -€3,251 | -€8,078 | -€1,870 | -€14,406 | ▼ 670% |
| Profit (loss) for the period to be appropriated9905 | €3,888 | -€3,251 | -€8,078 | -€1,870 | -€14,406 | ▼ 670% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,825 | €60,640 | €53,631 | €47,397 | €30,613 | ▼ 35.4% |
| Fixed assets21/28 | - | €3,570 | €2,586 | €1,601 | €887 | ▼ 44.6% |
| Tangible fixed assets22/27 | - | €3,570 | €2,586 | €1,601 | €617 | ▼ 61.5% |
| Other tangible fixed assets26 | - | €3,570 | €2,586 | €1,601 | €617 | ▼ 61.5% |
| Financial fixed assets28 | - | - | - | - | €270 | - |
| Current assets29/58 | €62,825 | €57,071 | €51,046 | €45,795 | €29,727 | ▼ 35.1% |
| Stocks and contracts in progress3 | €51,439 | €49,934 | €43,226 | €36,342 | €28,192 | ▼ 22.4% |
| Stocks30/36 | - | €49,934 | €43,226 | €36,342 | €28,192 | ▼ 22.4% |
| Amounts receivable within one year40/41 | €957 | €1,011 | - | €1,357 | - | - |
| Trade receivables40 | - | €1,011 | - | €1,357 | - | - |
| Cash at bank and in hand54/58 | €10,429 | €6,126 | €6,700 | €8,096 | €1,535 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | - | - | €1,119 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,825 | €60,640 | €53,631 | €47,397 | €30,613 | ▼ 35.4% |
| Equity10/15 | €31,919 | €28,668 | €20,590 | €18,719 | €4,313 | ▼ 77.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €64,176 | €64,176 | €64,176 | €64,176 | €64,176 | = |
| Distributable reserves133 | - | €64,176 | €64,176 | €64,176 | €64,176 | = |
| Profit (loss) carried forward14 | -€50,857 | -€54,108 | -€62,187 | -€64,057 | -€78,463 | ▼ 22.5% |
| Amounts payable17/49 | €30,907 | €31,972 | €33,042 | €28,677 | €26,300 | ▼ 8.3% |
| Amounts payable within one year42/48 | €30,907 | €31,972 | €33,042 | €28,677 | €26,300 | ▼ 8.3% |
| Trade debts44 | €742 | €3,420 | €2,490 | €2,065 | €1,444 | ▼ 30.1% |
| Suppliers440/4 | - | €3,420 | €2,490 | €2,065 | €1,444 | ▼ 30.1% |
| Taxes, remuneration and social security45 | - | €1,210 | €7,160 | €4,370 | €6,359 | ▲ 45.5% |
| Taxes450/3 | - | €1,210 | €3,610 | €4,370 | €3,696 | ▼ 15.4% |
| Remuneration and social security454/9 | - | - | €3,550 | - | €2,662 | - |
| Other amounts payable47/48 | - | €27,343 | €23,392 | €22,243 | €18,497 | ▼ 16.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,888 | -€3,251 | -€8,078 | -€1,870 | -€14,406 | ▼ 670% |
| + Depreciation and write-downs630 | - | €367 | €984 | €984 | €984 | = |
| Operating cash flow (approximation) | €3,888 | -€2,883 | -€7,094 | -€886 | -€13,422 | ▼ 1,415% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€270 | - |
| Change in cash | - | -€4,303 | €574 | €1,396 | -€6,561 | ▼ 570% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€14,406
Net result drops to -€14,406, the lowest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 2003
Ground area
220 m²
Building footprint
142 m²
Volume, LiDAR
1,316 m³
Parcel 21902A0450/00R000, Brussels · tallest building 18.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Helmetsesteenweg 233, 1030 Schaarbeek
since 20032.126.884.356
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0450/00R000 | Brussels | 220 m² | 1 · 142 m² | 18.4 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.
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Of 2,017 companies in sector 47770 we hold annual accounts for 899. 228 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
Founded05-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478940468
Also
9925:BE0478940468
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.