OUTLET MALL MESSANCY

Active

Private limited companyfounded 200718 yrs activeRue d'Arlon 199, 6780 Messancy, BelgiumKBO/BCE: BE 0894.366.526

OUTLET MALL MESSANCY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.23M and a net result of €469k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

75 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability75▲+33

Solvency76=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €650k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 2.11 in 2024; short-term debt: 19.6% and cash: 3.4% of total assets), and 49.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

50.7%

Return on assets

2.1%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

28 d late

2024

26 d late

2023

69 d late

2023

136 d late

2022

3 d early

2021

24 d late

2020

6 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€6.74M

EBIT margin

11.4%

Net result

€469k

2024 · €-43k

2019: €-1.70M 2020: €-10.89M 2021: €-1.55M 2022: €-977k 2023: €309k 2023: €9.64M 2024: €-43k

2019 → 2025

Working capital

€1.64M▼ 41.5%

2024 · €2.79M

2019: €4.11M 2020: €1.99M 2021: €4.07M 2022: €4.92M 2023: €224k 2023: €1.57M 2024: €2.79M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20222023202320242025Trend

Turnover€6.74M

Equity€-13.58M-€1.16M€10.80M▲ 831%€10.76M▼ 0.4%€11.23M▲ 4.4%

Operating result€290k-€1.03M▲ 254%€9.88M▲ 862%€299k▼ 97.0%€769k▲ 158%

Net result€-977k-€309k€9.64M▲ 3,022%€-43k€469k

Result per fiscal year

Operating resultNet result

Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €22.14M

73.0%

27.0%

Fixed assets €16.17M▲ 2.2%

Current assets €5.97M▲ 12.7%

Equity and liabilities €22.14M

50.7%

49.3%

Equity €11.23M▲ 4.4%

Debt €10.92M▲ 5.3%

The debt ratio rises from 49.1% to 49.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.57M▲

2024 · €1.08M

Cash flow

€1.27M▲

2024 · €737k

Solvency

50.7%▼

2024 · 50.9%

Current ratio

1.38▼

2024 · 2.11

Quick ratio

1.38▼

2024 · 2.11

Debt / equity

0.97▲

2024 · 0.96

ROE

4.2%▲

2024 · -0.4%

ROA

2.1%▲

2024 · -0.2%

Interest coverage

4.87▲

2024 · 2.85

Debt

€10.92M▲

2024 · €10.36M

Debt ≤ 1 year

€4.34M▲

2024 · €2.51M

Debt > 1 year

€4.93M▼

2024 · €6.33M

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€21.12M€22.14M▲

Fixed assets21/28€15.82M€16.17M▲

Intangible fixed assets21€643€413▼

Tangible fixed assets22/27€15.82M€16.17M▲

Land and buildings22€14.82M€14.22M▼

Plant, machinery and equipment23€975k€1.89M▲

Furniture and vehicles24€2k-

Assets under construction and advance payments27€19k€57k▲

Financial fixed assets28€1k€1k=

Current assets29/58€5.30M€5.97M▲

Amounts receivable within one year40/41€1.69M€1.98M▲

Trade receivables40€1.67M€1.98M▲

Other amounts receivable41€19k-

Current investments50/53€849k€1.10M▲

Cash at bank and in hand54/58€706k€751k▲

Deferred charges and accrued income490/1€2.06M€2.15M▲

Equity and liabilities

Total equity and liabilities10/49€21.12M€22.14M▲

Equity10/15€10.76M€11.23M▲

Contributions10/11€10.80M€10.80M=

Profit (loss) carried forward14€-43k€426k▲

Amounts payable17/49€10.36M€10.92M▲

Amounts payable after more than one year17€6.33M€4.93M▼

Financial debts170/4€5.37M€3.74M▼

Other amounts payable178/9€959k€1.19M▲

Amounts payable within one year42/48€2.51M€4.34M▲

Current portion of amounts payable after more than one year42€1.12M€624k▼

Financial debts43-€1.63M

Credit institutions430/8-€1.63M

Trade debts44€1.17M€2.06M▲

Suppliers440/4€1.17M€2.06M▲

Taxes, remuneration and social security45€205k€6k▼

Taxes450/3€205k€6k▼

Other amounts payable47/48€12k€20k▲

Accrued charges and deferred income492/3€1.53M€1.65M▲

Income statement Code20242025

Turnover70-€6.74M

Non-recurring operating income76A€0-

Goods, raw materials, services and sundry goods60/61-€4.65M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€780k€802k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€112k▲

Other operating charges640/8€495k€460k▼

Gross operating margin9900€1.57M€2.14M▲

Operating profit (loss)9901€299k€769k▲

Financial income75/76B€37k€22k▼

Recurring financial income75€37k€22k▼

Non-recurring financial income76B€0-

Financial charges65/66B€379k€322k▼

Recurring financial charges65€379k€322k▼

Non-recurring financial charges66B€0-

Profit (loss) for the period before taxes9903€-43k€469k▲

Profit (loss) for the period9904€-43k€469k▲

Profit (loss) for the period to be appropriated9905€-43k€469k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-35.19M€426k▲

Profit (loss) brought forward from the previous period14P€-35.15M€-43k▲

Transfer from equity791/2€35.15M-

Social balance

Average headcount (FTE)90870.0-

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 34Financial 6Gazette 18Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 28 days late

12-02

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 2026-01-20
Auditor appointment, BDO Bedrijfsrevisoren BV - BDO Réviseurs d'Entreprises SRL (commissaire aux comptes)
Permanent representative, Christophe PELZER

2025

31-12

Financial Back to profitnet €469k

Net result €469k after one loss-making year.

26-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 26 days late

2024

26-11

State Gazette act Resignations & appointments

Director resignation · Power of attorney4 facts ▸

Director resignation, Gregor Martin (administrateur)
Power of attorney, Sophie Brenard
Power of attorney, Carole Hensmans
Power of attorney, Marcos Lamin Busschots

08-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 69 days late

15-03

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 136 days late

2023

31-12

Financial Highest result since 2019net €9.64M ▲3022%

Operating result €9.88M, net result €9.64M, both a record.

31-12

Financial Equity above €10MEq €10.80M ▲831%

2 profitable years in a row build equity to €10.80M.

17-05

State Gazette act Statutes amendment

General meeting · Statutes amendment · Accounting effect8 facts ▸

General meeting, 2023-05-10
Statutes amendment
Statutes amendment
Accounting effect, 2023-04-01
Accounting effect, 2022-04-01 to 2023-03-31
General meeting, 2023-09-14
Accounting effect, 2023-12-31
General meeting, 2024-06-13

31-03

Financial Back to profitnet €309k

Net result €309k after 4 loss-making years.

31-03

Financial Equity above €1MEq €1.16M

Equity rises from €-13.58M to €1.16M.

2022

29-11

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Written resolution3 facts ▸

General meeting, 2020-10-02
Auditor reappointment, commissaire, 3 ans
Written resolution, 2022-11-08

28-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema

14-10

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge13 facts ▸

General meeting, 2022-09-30
Director resignation, Timothy Horrocks (administrateur)
Director resignation, Jamie Johnson (administrateur)
Director resignation, Iveta Hofmann (administrateur)
Director discharge, Timothy Horrocks
Director discharge, Jamie Johnson
Director discharge, Iveta Hofmann
Director appointment, Robert Wagner (administrateur)
Director appointment, Gregor Martin (administrateur)
Mandate compensation, Robert Wagner
Mandate compensation, Gregor Martin
Board composition, administrateur, 2022-09-30
+1 further facts in this act

27-09

State Gazette act Statutes amendment · Legal-form change · Resignations & appointments

General meeting · Legal-form conversion · Corporate purpose9 facts ▸

General meeting, 2022-09-20
Legal-form conversion, Société à responsabilité limitée
Corporate purpose, La société a pour objet, tant en Belgique qu'à l'étranger d'acquérir, de détenir, de céder ou d'investir dans des activités immobilières et en particulier dans…
Capital
Capital increase, €14.431.423,44
Director reappointment, HORROCKS Timothy (administrateur)
Director reappointment, HOFMANN Iveta (administrateur)
Director reappointment, JOHNSON Jamie (administrateur)
Capital reclassification, Transformation du compte de capitaux propres statutairement indisponible en un compte de capitaux propres disponible

2021

24-11

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 24 days late

09-02

State Gazette act Legal-form change · Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2021-01-27
Director resignation, Sébastien Gorrec (administrateur)
Director appointment, Iveta Hofmann (administrateur)
Director appointment, Jamie Johnson (administrateur)

2020

06-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 6 days late

31-03

Financial Weakest financial yearnet €-10.89M

Net result drops to €-10.89M, the lowest in the series; recovery starts the following year.

2019

30-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema

14-06

State Gazette act Resignations & appointments

General meeting · Permanent representative · Power of attorney3 facts ▸

General meeting, 2019-05-13
Permanent representative, Marie Kaisin
Power of attorney, Susana Gonzalez Melon

2018

05-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema

20-06

State Gazette act Resignations & appointments

General meeting · Permanent representative · Auditor reappointment4 facts ▸

General meeting, 2017-09-05
Permanent representative, Katleen Daems
Permanent representative, Omer Turna
Auditor reappointment, 3 years, 2020-03-31

2017

05-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema

24-07

State Gazette act Resignations & appointments

Permanent representative1 fact ▸

Permanent representative, Katleen Daems (représentant permanent)

2016

27-07

State Gazette act Capital & shares

General meeting · Capital increase · Capital5 facts ▸

General meeting, 2016-06-30
Capital increase, €1
Capital, €5.018.553
Statutes amendment
Auditor report, 2016-06-29

2015

30-07

State Gazette act Resignations & appointments

Board meeting · Auditor appointment · Permanent representative3 facts ▸

Board meeting, 2015-07-06
Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (commissaire)
Permanent representative, Omer Turna

15-06

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment3 facts ▸

General meeting, 2015-05-29
Director resignation, Steven De Vries (gérant)
Director appointment, Sébastien Gorrec (gérant)

2013

06-02

State Gazette act Capital & shares · Statutes amendment

General meeting · Approval · Capital increase6 facts ▸

General meeting, 2013-01-09
Approval, 2013-01-09
Capital increase, €1
Share issue, part sociale sans désignation de valeur nominale, 1
Capital, €5.018.552
Statutes amendment

2012

16-08

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 2011-12-02
Auditor appointment, Ernst & Young Bedrijfsrevisoren, BCVBA (commissaire)
Permanent representative, Patrick Rottiers

2011

21-11

State Gazette act Resignations & appointments

General meeting · Director appointment · Director resignation6 facts ▸

General meeting, 2011-06-03
Director appointment, Steven De Vries (gérant)
Director resignation, Erwan LeBerre (gérant)
Board composition, gérant, 2011-06-03
Board composition, gérant, 2011-06-03
Capital, €5.018.551

11-04

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital increase · Share issue7 facts ▸

General meeting, 2011-03-23
Capital increase, €1
Share issue, 1, 7500001.00
Bank account, BE37 7205 4532 7342
Capital, €5.018.551
Statutes amendment
Power of attorney, OUTLET MALL MESSANCY

2009

31-08

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 2009-08-10
Auditor appointment, Ernst & Young Bedrijfsrevisoren, BCVBA (commissaire)
Permanent representative, Patrick Rottiers

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

8 directors, no change since 2024

Robert Wagner

Director · since 30-09-2022

Current

31-10-2024 Gregor Martin: Resigned as Director

30-09-2022 Robert Wagner: Appointed as Director

30-09-2022 Gregor Martin: Appointed as Director

30-09-2022 Iveta Hofmann: Resigned as Director

30-09-2022 Jamie Johnson: Resigned as Director

30-09-2022 Timothy Horrocks: Resigned as Director

27-01-2021 Iveta Hofmann: Appointed as Director

27-01-2021 Jamie Johnson: Appointed as Director

27-01-2021 Sébastien Gorrec: Resigned as Director

29-05-2015 Sébastien Gorrec: Appointed as Gérant

29-05-2015 Steven De Vries: Resigned as Gérant

03-06-2011 Steven De Vries: Appointed as Gérant

03-06-2011 Erwan LeBerre: Resigned as Gérant

Location & real-estate footprint

Registered office, Messancy · 1 establishment unit since 2007

establishment The establishment unit on the map

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.

Rue d'Arlon 1996780 Messancy

Ground area

5.6 ha

Building footprint

6,298 m²

Volume, LiDAR

37,856 m³

Parcel 81015A0072/00D000, Wallonia · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

OUTLET MALL MESSANCY

Rue d'Arlon 199, 6780 MessancyNACE 52421

since 20072.338.348.217

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
81015A0072/00D000	Wallonia	5.6 ha	1 · 6,298 m²	13.3 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.

Statutory auditor

4 auditors

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent

Commissaire aux comptes · represented by Christophe PELZER

20-01-2026 → present

Show 3 earlier auditors

Ernst & Young Bedrijfsrevisoren BCVBA Commissaire · represented by Omer Turna succeeded by Ernst & Young Réviseurs d'Entreprises SCCRL in 2017	10-08-2009 → 05-09-2017
Ernst & Young Réviseurs d'Entreprises SCCRL Auditor succeeded by Ernst et Young Reviseurs d'Entreprises in 2020	05-09-2017 → 02-10-2020
Ernst et Young Reviseurs d'Entreprises Commissaire succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2026	02-10-2020 → 20-01-2026