Optimism
ActiveSummary
The computed 12-month bankruptcy probability of Optimism is 1.8% (moderate). The 2025 annual accounts show negative equity (-€136,327) and a net result of €40,980. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10522 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.39 in 2024; short-term debt: 224.7% and cash: 7.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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 2025Solvency, return and age of the figures
Solvency
-145.5%
Return on assets
43.7%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 10522 sector peers (2025).
NBB · sector comparisonPosition among 10522 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-08-2026, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
118 d late
2024
23 d early
2023
on the day
2022
2 d early
2021
1 d early
2020
on the day
2019
on the day
← 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 after 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€40,980
2024 · -€103,520
Working capital
-€125,555▲ 22.3%
2024 · -€161,595
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
Line20212022202320242025
Operating result-€19,578-€56,996▼ 191%-€74,808▼ 31.3%-€98,364▼ 31.5%€48,618
Net result-€14,647below the sector's middle half-€69,813below the sector's middle half▼ 377%-€74,257below the sector's middle half▼ 6.4%-€103,520below the sector's middle half▼ 39.4%€40,980within the sector's middle half
Equity€70,283within the sector's middle half▼ 17.2%€470below the sector's middle half▼ 99.3%-€73,787below the sector's middle half-€177,307below the sector's middle half▼ 140%-€136,327below the sector's middle half▲ 23.1%
Total assets€154,778within the sector's middle half▼ 31.2%€105,398below the sector's middle half▼ 31.9%€95,320below the sector's middle half▼ 9.6%€107,132below the sector's middle half▲ 12.4%€93,723below the sector's middle half▼ 12.5%
Debt€84,495▼ 39.7%€104,928▲ 24.2%€169,107▲ 61.2%€284,439▲ 68.2%€230,049▼ 19.1%
Working capital€62,365within the sector's middle half▼ 18.1%-€2,644within the sector's middle half-€68,201below the sector's middle half▼ 2,480%-€161,595below the sector's middle half▼ 137%-€125,555below the sector's middle half▲ 22.3%
Solvency45.4%within the sector's middle half▲ 7.7pp0.4%below the sector's middle half▼ 45.0pp-77.4%below the sector's middle half▼ 77.9pp-165.5%below the sector's middle half▼ 88.1pp-145.5%below the sector's middle half▲ 20.0pp
Current ratio1.74within the sector's middle half▲ 0.180.97below the sector's middle half▼ 0.770.56below the sector's middle half▼ 0.410.39below the sector's middle half▼ 0.180.40below the sector's middle half▲ 0.02
Return on assets (ROA)-9.5%below the sector's middle half▼ 22.2pp-66.2%below the sector's middle half▼ 56.8pp-77.9%below the sector's middle half▼ 11.7pp-96.6%below the sector's middle half▼ 18.7pp43.7%above the sector's middle half▲ 140.4pp
Staff (FTE)1▼ 16.7%1below the sector's middle half=1below the sector's middle half=2below the sector's middle half▲ 100%2within the sector's middle half=
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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €48,618 after a loss of €98,364 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,723
Fixed assets
€8,665 ▲ 82.3%
Current assets
€85,058 ▼ 16.9%
Key figures and ratios
EBITDA
€50,920▲
2024 · -€96,254
Cash flow
€43,282▲
2024 · -€101,410
Quick ratio
0.13▼
2024 · 0.22
Debt to equity
-1.69▼
2024 · -1.60
Interest coverage
6.66▲
2024 · -16.75
Debt ≤ 1 year
€210,613▼
2024 · €263,974
Staff costs
€95,586▲
2024 · €84,648
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% 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 497,338 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% | 1.9% |
| 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 3,632 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 | €3 | - | - | €158 | - | - |
| Remuneration, social security and pensions62 | €58,526 | €34,766 | €36,540 | €84,648 | €95,586 | ▲ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,213 | €3,722 | €2,012 | €2,110 | €2,302 | ▲ 9.1% |
| Other operating charges640/8 | €3,319 | €3,020 | €2,322 | €1,939 | €1,657 | ▼ 14.5% |
| Non-recurring operating charges66A | - | - | €2,597 | - | - | - |
| Gross operating margin9900 | €48,479 | -€15,488 | -€31,336 | -€9,667 | €148,164 | ▲ 1,633% |
| Operating profit (loss)9901 | -€19,578 | -€56,996 | -€74,808 | -€98,364 | €48,618 | ▲ 149% |
| Financial income75/76B | €7,525 | €712 | €6,609 | €589 | €11 | ▼ 98.2% |
| Recurring financial income75 | €7,525 | €712 | €6,609 | €589 | €11 | ▼ 98.2% |
| Financial charges65/66B | €2,594 | €13,529 | €6,058 | €5,745 | €7,649 | ▲ 33.1% |
| Recurring financial charges65 | €2,594 | €13,529 | €6,058 | €5,745 | €7,649 | ▲ 33.1% |
| Profit (loss) for the period before taxes9903 | -€14,647 | -€69,813 | -€74,257 | -€103,520 | €40,980 | ▲ 140% |
| Profit (loss) for the period9904 | -€14,647 | -€69,813 | -€74,257 | -€103,520 | €40,980 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | -€14,647 | -€69,813 | -€74,257 | -€103,520 | €40,980 | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,778 | €105,398 | €95,320 | €107,132 | €93,723 | ▼ 12.5% |
| Fixed assets21/28 | €8,055 | €7,886 | €6,864 | €4,754 | €8,665 | ▲ 82.3% |
| Intangible fixed assets21 | €209 | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,168 | €6,208 | €5,186 | €3,076 | €6,987 | ▲ 127% |
| Furniture and vehicles24 | €1,412 | €4,201 | €3,876 | €2,462 | €6,465 | ▲ 163% |
| Other tangible fixed assets26 | €4,756 | €2,007 | €1,310 | €614 | €522 | ▼ 15.0% |
| Financial fixed assets28 | €1,678 | €1,678 | €1,678 | €1,678 | €1,678 | = |
| Current assets29/58 | €146,723 | €97,512 | €88,456 | €102,378 | €85,058 | ▼ 16.9% |
| Stocks and contracts in progress3 | €38,685 | €37,776 | €44,326 | €45,335 | €58,409 | ▲ 28.8% |
| Stocks30/36 | €38,685 | €37,776 | €44,326 | €45,335 | €58,409 | ▲ 28.8% |
| Amounts receivable within one year40/41 | €20,236 | €25,763 | €19,979 | €13,773 | €19,021 | ▲ 38.1% |
| Trade receivables40 | €6,476 | €6,476 | €379 | €2,932 | €1,630 | ▼ 44.4% |
| Other amounts receivable41 | €13,760 | €19,287 | €19,599 | €10,841 | €17,391 | ▲ 60.4% |
| Cash at bank and in hand54/58 | €83,868 | €29,910 | €16,679 | €40,790 | €7,096 | ▼ 82.6% |
| Deferred charges and accrued income490/1 | €3,935 | €4,063 | €7,472 | €2,481 | €531 | ▼ 78.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,778 | €105,398 | €95,320 | €107,132 | €93,723 | ▼ 12.5% |
| Equity10/15 | €70,283 | €470 | -€73,787 | -€177,307 | -€136,327 | ▲ 23.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | €49,823 | -€19,990 | -€94,247 | -€197,767 | -€156,787 | ▲ 20.7% |
| Amounts payable17/49 | €84,495 | €104,928 | €169,107 | €284,439 | €230,049 | ▼ 19.1% |
| Amounts payable within one year42/48 | €84,358 | €100,156 | €156,657 | €263,974 | €210,613 | ▼ 20.2% |
| Financial debts43 | - | - | €1,509 | €9,282 | €5,794 | ▼ 37.6% |
| Credit institutions430/8 | - | - | €1,509 | €9,282 | €5,794 | ▼ 37.6% |
| Trade debts44 | €19,990 | €31,589 | €97,054 | €134,245 | €128,650 | ▼ 4.2% |
| Suppliers440/4 | €19,990 | €31,589 | €97,054 | €134,245 | €128,650 | ▼ 4.2% |
| Advances received on contracts in progress46 | €440 | €906 | €201 | €31 | €100 | ▲ 223% |
| Taxes, remuneration and social security45 | €6,207 | €9,433 | €7,475 | €18,914 | €15,227 | ▼ 19.5% |
| Taxes450/3 | €164 | €3,187 | €508 | €3,929 | €5,042 | ▲ 28.3% |
| Remuneration and social security454/9 | €6,042 | €6,245 | €6,967 | €14,985 | €10,186 | ▼ 32.0% |
| Other amounts payable47/48 | €57,721 | €58,228 | €50,418 | €101,501 | €60,842 | ▼ 40.1% |
| Accrued charges and deferred income492/3 | €137 | €4,772 | €12,450 | €20,465 | €19,436 | ▼ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,647 | -€69,813 | -€74,257 | -€103,520 | €40,980 | ▲ 140% |
| + Depreciation and write-downs630 | €6,213 | €3,722 | €2,012 | €2,110 | €2,302 | ▲ 9.1% |
| Operating cash flow (approximation) | -€8,434 | -€66,091 | -€72,245 | -€101,410 | €43,282 | ▲ 143% |
| Investment in fixed assets (approximation) | - | -€3,553 | -€990 | €0 | -€6,213 | - |
| Change in cash | - | -€53,958 | -€13,231 | €24,111 | -€33,693 | ▼ 240% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 118 days late
2025
30-09
Financial
Back to profitnet €40,980
Net result €40,980 after 4 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet -€103,520
Net result drops to -€103,520, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Back to profitnet €28,683
Net result €28,683 after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ukkel · 1 establishment unit since 2013
Ground area
217 m²
Building footprint
319 m²
Volume, LiDAR
1,984 m³
Parcel 21614H0007/00V010, Brussels · tallest building 17.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
OPTIMISM
since 20132.216.477.813
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0007/00V010 | Brussels | 217 m² | 1 · 319 m² | 17.5 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- SAVOLDI & PARTNERS
- Optimism
Highest known parent: SAVOLDI & PARTNERS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 30-09-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-09-2025 of Optimism and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 911 companies in sector 47793 we hold annual accounts for 162. 18 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
Founded03-01-2013
Fiscal year end30-09
Activities, NACEBEL 2025
47793Retail sale of other second-hand goods, excluding clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0508871502
Also
9925:BE0508871502
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.