Equity
D2 paid out €859 in dividends in a year with a loss of €13,547.
D2 paid out €859 in dividends in a year with a loss of €13,547.
Every financial year from 2023 to 2026 closed with a loss. 2026 was the heaviest.
Green is investment, beige is depreciation.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 70% of them on solvency, 32% on liquidity, 15% on profitability and 23% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is insufficient, with a current ratio of 0.52 (0.81 in 2025), below 1. Short-term debt is 34.4% and cash 0% of total assets. 35.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| D2 Ghent | €141,424 | -€13,872 | 64.1% | - |
| MAR.RON Koekelare | €153,966 | -€3,019 | 89.0% | - |
| THOKAR Knokke-Heist | €91,535 | -€9,144 | 26.9% | - |
| INVOLUTION Uccle | €188,082 | -€60,744 | -5.9% | - |
| Fashion Factory Zedelgem | €91,090 | -€42 | 60.1% | - |
| SHADI TRADING Berchem-Sainte-Agathe | €142,071 | -€7,646 | 9.8% | - |
| ASALI TRADING Zele | €391,164 | -€77,497 | -28.1% | - |
These companies have the same main activity as D2: wholesale of household textiles and bedding (NACE 46412). They are comparable in size and age: total assets between €91,100 and €391,000, founded between 1997 and 2004.
D2 files the micro format. That format states no turnover. The gross margin fell from €12,686 in 2007 to -€13,872 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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