PERSEVERANTIUS
ActiveSummary
PERSEVERANTIUS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-138k) and a net result of €-50k. Equity is shrinking by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▼-36
Solvency0▼-7
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.18 against 1.5 in 2023; short-term debt: 83.9% and cash: 15.9% of total assets), and equity is negative.
Credit advice for your own amount and term
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
-26.4%
Return on assets
-9.6%
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 →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-138k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
64 d late
2022
163 d late
2021
270 d late
2020
635 d late
2019
26 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-138k▼ 57.6%
2023 · €-88k
2019: €4k
2020: €-180k
2021: €-76k
2022: €-108k
2023: €-88k
2019 → 2024
Total assets
€524k▲ 5.1%
2023 · €499k
2019: €441k
2020: €412k
2021: €808k
2022: €627k
2023: €499k
2019 → 2024
Net result
€-50k
2023 · €20k
2019: €-1k
2020: €-184k
2021: €104k
2022: €33k
2023: €20k
2019 → 2024
Working capital
€79k▼ 52.3%
2023 · €165k
2019: €78k
2020: €31k
2021: €152k
2022: €163k
2023: €165k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-180k-€-76k▲ 57.9%€-108k▼ 42.3%€-88k▲ 18.8%€-138k▼ 57.6%
Operating result€-174k-€115k€69k▼ 40.1%€61k▼ 10.9%€-7k
Net result€-184k-€104k€33k▼ 68.5%€20k▼ 38.4%€-50k
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 turns negative in 2024: a loss of €7k after €61k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €524k
Fixed assets
€6k ▲ 34.9%
Current assets
€518k ▲ 4.9%
Key figures and ratios
EBITDA
€-6k▼
2023 · €69k
Cash flow
€-49k▼
2023 · €28k
Solvency
-26.4%▼
2023 · -17.6%
Current ratio
1.18▼
2023 · 1.50
Quick ratio
0.81▼
2023 · 1.13
Debt to equity
-4.79▲
2023 · -6.68
ROA
-9.6%▼
2023 · 4.1%
Interest coverage
-0.23▼
2023 · 2.34
Debt
€662k▲
2023 · €586k
Debt ≤ 1 year
€440k▲
2023 · €329k
Debt > 1 year
€223k▼
2023 · €235k
Income taxes
€26k▲
2023 · €23k
Staff costs
€183k▼
2023 · €244k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€499k€524k▲
Fixed assets21/28€4k€6k▲
Intangible fixed assets21€361€0▼
Tangible fixed assets22/27€4k€6k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€4k€3k▼
Current assets29/58€494k€518k▲
Stocks and contracts in progress3€122k€160k▲
Stocks30/36€122k€160k▲
Amounts receivable within one year40/41€276k€273k▼
Trade receivables40€133k€101k▼
Other amounts receivable41€142k€172k▲
Cash at bank and in hand54/58€95k€84k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€499k€524k▲
Equity10/15€-88k€-138k▼
Contributions10/11€20k€20k=
Reserves13€267€267=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€267€267=
Profit (loss) carried forward14€-108k€-158k▼
Amounts payable17/49€586k€662k▲
Amounts payable after more than one year17€235k€223k▼
Financial debts170/4€235k€223k▼
Amounts payable within one year42/48€329k€440k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€150k€256k▲
Suppliers440/4€150k€256k▲
Taxes, remuneration and social security45€73k€76k▲
Taxes450/3€53k€43k▼
Remuneration and social security454/9€20k€33k▲
Other amounts payable47/48€6k€7k▲
Accrued charges and deferred income492/3€23k€0▼
Income statement
Code20232024
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€244k€183k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€-6k▼
Other operating charges640/8€10k€8k▼
Gross operating margin9900€342k€179k▼
Operating profit (loss)9901€61k€-7k▼
Financial income75/76B€11k€9k▼
Recurring financial income75€11k€9k▼
Financial charges65/66B€29k€26k▼
Recurring financial charges65€29k€26k▼
Profit (loss) for the period before taxes9903€43k€-24k▼
Income taxes67/77€23k€26k▲
Profit (loss) for the period9904€20k€-50k▼
Profit (loss) for the period to be appropriated9905€20k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-108k€-158k▼
Profit (loss) brought forward from the previous period14P€-128k€-108k▲
Social balance
Average headcount (FTE)90873.74.3▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 163 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 270 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 635 days late
2021
30-06
Financial
Back to profitnet €104k
Net result €104k after 2 loss-making years.
2020
30-06
Financial
Weakest financial yearnet €-184k
Net result drops to €-184k, the lowest in the series; recovery starts the following year.
05-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mechelen · 1 establishment unit since 2014
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.
Bruul 1062800 MechelenGround area
325 m²
Building footprint
325 m²
Volume, LiDAR
2,937 m³
Parcel 12025D0299/00E000, Flanders · tallest building 15.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bodhi
since 20142.234.551.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0299/00E000 | Flanders | 325 m² | 1 · 325 m² | 15.3 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.
Similar companies · same sector, comparable size
CHIHAB
BE 0542.611.367
Dilbeek · Eq €3,890
Florceramica
BE 0479.976.982
Erpe-Mere · Eq €3,936
JHSCR
BE 1009.382.196
Hamoir · Eq €3,958
KCBS GROUP
BE 0635.867.959
Heusden-Zolder · Eq €3,696
DERBELS
BE 0844.105.876
Oostende · Eq €4,100
Of 1,311 companies in sector 46423 we hold annual accounts for 812. 197 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46496Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.