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Potteau

Active
Public limited companyfounded 196561 yrs activeZuidstraat(Heu) 30, 8501 Kortrijk, BelgiumKBO/BCE: BE 0405.360.921
Summary

The computed 12-month bankruptcy probability of Potteau is 2.5% (moderate). The annual accounts of Potteau for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €2.4m and a net result of -€1.7m. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 150 sector peers (fiscal year 2025). The company has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
PotteauActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of furniture
NACE 31001NACE 31010NACE 36111
#3 employer in Belgium, Furniture sector1 site
Size
€21.2mturnover 2025
Staff
137.2 FTE
Equity
€2.4m
Loss
-€1.7m
Financial health
50 Fair Checked score 2025
Bankruptcy chance 12 m
2.5%
Structure
Parent
ELCOFIN · 99.97%
Board
4 members
Holdings
1
Auditor: FOQUE & PARTNERS BVAccounts 38 d early
Why 50- Loss of €1.7m, the second in a row (FY 2025)- Liquidity: current ratio 1.08, cash €81,237, halved- Equity €2.4m (20.1% of total assets)- Sector Manufacture of furniture (NACE 31)Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 8% of its sector peers (NACE 31, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 45-3
equity 20.1% of total assets
Liquidity 10-10
short-term debt 75.0% · cash 0.7%
Profitability 1-21
return on assets -14.3%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (31 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%▼ -3.5% vs 01-2025lowest value 03-2025: 0.4%● 0.0% vs 02-2025lowest value 04-2025: 0.4%▲ +1.8% vs 03-2025 05-2025: 0.4%▲ +4.6% vs 04-2025 06-2025: 0.4%▲ +0.5% vs 05-2025 07-2025: 0.6%▲ +34.5% vs 06-2025 08-2025: 0.6%● 0.0% vs 07-2025 09-2025: 0.6%● 0.0% vs 08-2025 10-2025: 0.6%● 0.0% vs 09-2025 11-2025: 0.6%● 0.0% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%● 0.0% vs 12-2025 02-2026: 0.5%▼ -3.6% vs 01-2026 03-2026: 0.5%● 0.0% vs 02-2026 04-2026: 0.5%▲ +1.9% vs 03-2026 05-2026: 0.6%▲ +1.5% vs 04-2026 06-2026: 0.6%▲ +1.1% vs 05-2026 07-2026: 2.5%▲ +342% vs 06-2026highest value 08-2026: 2.5%● 0.0% vs 07-2026highest value 09-2026: 2.5%● 0.0% vs 08-2026highest value 10-2026: 2.5%● 0.0% vs 09-2026highest value
  • Loss of €1.7m, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 1.08, cash €81,237, halved raises the probability
  • Equity €2.4m (20.1% of total assets) raises the probability
  • Sector Manufacture of furniture (NACE 31) raises the probability
Credit up to €110,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.12 in 2024; short-term debt: 75% and cash: 0.7% of total assets), and 79.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, medium-sized). Better than this share of them on solvency 13%, liquidity 3%, profitability 3%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Loss of €1.7m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.08, cash €81,237, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €2.4m (20.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of furniture (NACE 31)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
18192122232425
2018 to 2025 · latest year -€1.7m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 150 sector peers (2025).
NBB · sector comparison
Position among 150 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
31 d early
2023
42 d early
2022
25 d early
2021
24 d early
2020
36 d early
2019
36 d early
← 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 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · 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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Reappointments: Bramatic BV, Luc Clinckemaillie and…Permanent representatives: Clinckemaillie Bram, Clinckemaillie…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Weakest financial yearnet -€1.7m

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€1.7m View
  • Caution: Result fell in 2025from -€573,216 to -€1.7m ▼ 195% View
  • Caution: Among the weakest 5% on net resultsector median €27,268 · 150 companies -€1.7m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by ELCOFIN 99.97% View
  • Active since 1965founded 03-05-1965 61 years View
  • New directorlatest change 18-06-2026 · 4 in office 1 joined View

By topic

Financials

Fiscal year
2025
Turnover
€21.2m
Loss
-€1.7m
Solvency
20.1%
Turnover▼ 16.2%
Net result
20182025
Go to Financials

Timeline

Events
27
Since
2010
Next accounts
by 31-07-2027
  1. 17-07-2026Reappointments: Bramatic BV, Luc Clinckemaillie and 2…
  2. 23-06-2026Annual accounts filed
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of furnitureNACE 31001
Founded
03-05-1965
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Het aanvaarden en uitvoeren van alle bouwwerken in de meest uitgebreide zin en de…
Go to Articles of association

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