Not Only White
ActiveThe computed 12-month bankruptcy probability of Not Only White is 2.4% (moderate). The 2024 annual accounts show equity of €24k and a net result of €-15k. Equity is shrinking by ~43.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 52% of 15868 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency67▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.46 against 1.4 in 2023; short-term debt: 58.5% and cash: 18.4% of total assets), and 58.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
41.5%
Return on assets
-25.4%
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
43 d early
2022
47 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€24k▼ 38.0%
2023 · €39k
2022: €57k
2023: €39k
2022 → 2024
Total assets
€58k▼ 30.9%
2023 · €84k
2022: €115k
2023: €84k
2022 → 2024
Net result
€-15k▲ 22.2%
2023 · €-19k
2022: €7k
2023: €-19k
2022 → 2024
Working capital
€16k▼ 12.3%
2023 · €18k
2022: €24k
2023: €18k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€57k-€39k▼ 32.8%€24k▼ 38.0%
Operating result€10k-€-19k€-15k▲ 21.8%
Net result€7k-€-19k€-15k▲ 22.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €19k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58k
Fixed assets
€8k▼ 59.9%
Current assets
€49k▼ 21.3%
Equity and liabilities €58k
Equity
€24k▼ 38.0%
Debt
€34k▼ 24.9%
The debt ratio rises from 53.8% to 58.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2023 · €-6k
Cash flow
€-2k▲
2023 · €-6k
Solvency
41.5%▼
2023 · 46.2%
Current ratio
1.46▲
2023 · 1.40
Quick ratio
0.47▲
2023 · 0.41
Debt / equity
1.41▲
2023 · 1.16
ROE
-61.3%▼
2023 · -48.8%
ROA
-25.4%▼
2023 · -22.6%
Interest coverage
-36.75▲
2023 · -84.67
Debt
€34k▼
2023 · €45k
Debt ≤ 1 year
€34k▼
2023 · €45k
Staff costs
€64k▼
2023 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€84k€58k▼
Fixed assets21/28€21k€8k▼
Tangible fixed assets22/27€21k€8k▼
Furniture and vehicles24€21k€8k▼
Current assets29/58€63k€49k▼
Stocks and contracts in progress3€44k€34k▼
Stocks30/36€44k€34k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40€1k€3k▲
Other amounts receivable41€955€1k▲
Cash at bank and in hand54/58€15k€11k▼
Deferred charges and accrued income490/1€735€741▲
Equity and liabilities
Total equity and liabilities10/49€84k€58k▼
Equity10/15€39k€24k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-11k€-26k▼
Amounts payable17/49€45k€34k▼
Amounts payable within one year42/48€45k€34k▼
Trade debts44€32k€23k▼
Suppliers440/4€32k€23k▼
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€10k€9k▼
Income statement
Code20232024
Remuneration, social security and pensions62€66k€64k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€115€126▲
Gross operating margin9900€59k€62k▲
Operating profit (loss)9901€-19k€-15k▲
Financial income75/76B€15€85▲
Recurring financial income75€15€85▲
Financial charges65/66B€75€60▼
Recurring financial charges65€75€60▼
Profit (loss) for the period before taxes9903€-19k€-15k▲
Profit (loss) for the period9904€-19k€-15k▲
Profit (loss) for the period to be appropriated9905€-19k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-26k▼
Profit (loss) brought forward from the previous period14P-€-11k
Transfer from equity791/2€7k-
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-19k ▼352%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Koksijde · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leeuwerikstraat(Odk) 178670 KoksijdeGround area
1,025 m²
Building footprint
131 m²
Volume, LiDAR
851 m³
Parcel 38018A1084/00_000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Not Only White
since 20222.330.833.883
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A1084/00_000 | Flanders | 1,025 m² | 1 · 131 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BE 0754.376.522
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Of 156 companies in sector 46836 we hold annual accounts for 113. 51 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2022
Fiscal year end31-12
Activities, NACEBEL
46836Wholesale trade
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43221Plumbing work
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.notonlywhite.com