POWER SHOP

Active

Private limited companyfounded 200224 yrs activeDelorsplein 18, 8930 Menen, BelgiumKBO/BCE: BE 0478.302.941

POWER SHOP has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.10M and a net result of €-32k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 53% of 10250 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

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Checked score

Score 2025

66 / 100

Healthy▲ +26 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency76▲+5

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €70k at 30 days acceptable

Liquidity ample (current ratio 1.62 against 1.51 in 2024), but 59.9% 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

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

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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

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

40.1%

Return on assets

-1.2%

Age of the figures

12 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€32k

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

1 d early

2023

5 d early

2022

2 d late

2021

30 d early

2020

19 d late

2019

on the day

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

16-09-2026 today30-09-2026 close30-04-2027 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

Equity

€1.10M▼ 2.9%

2024 · €1.13M

2018: €1.62M 2019: €1.38M 2020: €1.29M 2021: €1.47M 2022: €1.46M 2023: €1.33M 2024: €1.13M

2018 → 2025

Total assets

€2.74M▼ 6.8%

2024 · €2.93M

2018: €3.15M 2019: €3.35M 2020: €3.27M 2021: €3.34M 2022: €3.12M 2023: €3.06M 2024: €2.93M

2018 → 2025

Net result

€-32k▲ 84.2%

2024 · €-205k

2018: €-159k 2019: €-242k 2020: €-83k 2021: €174k 2022: €-7k 2023: €-128k 2024: €-205k

2018 → 2025

Working capital

€1.02M▲ 15.5%

2024 · €882k

2018: €1.38M 2019: €1.08M 2020: €999k 2021: €1.18M 2022: €1.20M 2023: €1.09M 2024: €882k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1.47M-€1.46M▼ 0.5%€1.33M▼ 8.7%€1.13M▼ 15.4%€1.10M▼ 2.9%

Operating result€199k-€-13k€-109k▼ 744%€-196k▼ 80.3%€85k

Net result€174k-€-7k€-128k▼ 1,784%€-205k▼ 60.8%€-32k▲ 84.2%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €85k after a loss of €196k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.74M

97.2%

Fixed assets €78k▼ 75.2%

Current assets €2.66M▲ 1.4%

Equity and liabilities €2.74M

40.1%

59.9%

Equity €1.10M▼ 2.9%

Debt €1.64M▼ 9.2%

The debt ratio falls from 61.5% to 59.9%: debt falls faster than equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€118k▲

2024 · €-155k

Cash flow

€819▲

2024 · €-165k

Solvency

40.1%▲

2024 · 38.5%

Current ratio

1.62▲

2024 · 1.51

Quick ratio

0.81▲

2024 · 0.70

Debt / equity

1.50▼

2024 · 1.60

ROE

-3.0%▲

2024 · -18.2%

ROA

-1.2%▲

2024 · -7.0%

Interest coverage

4.02▲

2024 · -4.57

Debt

€1.64M▼

2024 · €1.81M

Debt ≤ 1 year

€1.64M▼

2024 · €1.74M

Debt > 1 year

€0▼

2024 · €66k

Income taxes

€91

Staff costs

€127k▲

2024 · €118k

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€2.93M€2.74M▼

Fixed assets21/28€314k€78k▼

Tangible fixed assets22/27€314k€78k▼

Land and buildings22€203k€0▼

Plant, machinery and equipment23€55k€43k▼

Furniture and vehicles24€0-

Other tangible fixed assets26€56k€35k▼

Current assets29/58€2.62M€2.66M▲

Amounts receivable after more than one year29-€3k

Other amounts receivable291-€3k

Stocks and contracts in progress3€1.40M€1.32M▼

Stocks30/36€1.40M€1.32M▼

Amounts receivable within one year40/41€1.01M€1.14M▲

Trade receivables40€4k€123k▲

Other amounts receivable41€1.00M€1.02M▲

Current investments50/53€2k€7k▲

Cash at bank and in hand54/58€205k€179k▼

Deferred charges and accrued income490/1€3k€3k▼

Equity and liabilities

Total equity and liabilities10/49€2.93M€2.74M▼

Equity10/15€1.13M€1.10M▼

Contributions10/11€1.72M€1.72M=

Reserves13€10k€10k=

Non-distributable reserves130/1€10k€10k=

Reserves not available under the articles1311€10k€10k=

Tax-exempt reserves132€79€79=

Profit (loss) carried forward14€-604k€-636k▼

Amounts payable17/49€1.81M€1.64M▼

Amounts payable after more than one year17€66k€0▼

Financial debts170/4€66k€0▼

Amounts payable within one year42/48€1.74M€1.64M▼

Current portion of amounts payable after more than one year42€21k€0▼

Trade debts44€402k€360k▼

Suppliers440/4€402k€360k▼

Taxes, remuneration and social security45€41k€10k▼

Taxes450/3€29k€0▼

Remuneration and social security454/9€12k€10k▼

Other amounts payable47/48€1.27M€1.27M▼

Income statement Code20242025

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€118k€127k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€33k▼

Other operating charges640/8€12k€20k▲

Gross operating margin9900€-25k€265k▲

Operating profit (loss)9901€-196k€85k▲

Financial income75/76B€24k€26k▲

Recurring financial income75€24k€26k▲

Financial charges65/66B€34k€143k▲

Recurring financial charges65€34k€29k▼

Non-recurring financial charges66B-€114k

Profit (loss) for the period before taxes9903€-205k€-32k▲

Income taxes67/77-€91

Profit (loss) for the period9904€-205k€-32k▲

Profit (loss) for the period to be appropriated9905€-205k€-32k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-604k€-636k▼

Profit (loss) brought forward from the previous period14P€-398k€-604k▼

Social balance

Average headcount (FTE)90874.34.6▲

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 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 30-04-2027

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

29-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

25-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

02-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 2 days late

2022

31-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-09

Financial Back to profitnet €174k

Net result €174k after 3 loss-making years.

19-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 19 days late

2020

30-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

30-09

Financial Weakest financial yearnet €-242k

Net result drops to €-242k, the lowest in the series; recovery starts the following year.

02-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

29-03

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

03-04

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

5 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, Menen · 6 establishment units since 2004

establishment All 6 establishment units 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.

Delorsplein 188930 Menen

Ground area

4,390 m²

Building footprint

3,929 m²

Volume, LiDAR

21,193 m³

6 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.

6 establishment units

POWER SHOP 2

Delorsplein 18, 8930 MenenNACE 5134001

since 20042.139.478.916

POWER SHOP

Toekomststraat 38a, 8560 WevelgemWarehousing and storage

since 20122.277.849.812

POWER SHOP

Wervikstraat 224-226, 8930 MenenService activities incidental to land transportation

since 20162.259.262.830

POWER SHOP

Wervikstraat 89, 8930 MenenPersonal service activities

since 20162.259.263.127

POWER SHOP

Grondwetstraat 54, 8930 MenenPersonal service activities

since 20162.259.263.028

POWER SHOP

Zeno Dewittestraat 7, 8930 MenenPersonal service activities

since 20162.259.262.929

6 parcels

Flanders 6 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34024A0254/00T002	Flanders	2,042 m²	1 · 1,978 m²	6.4 m · 2 fl.
34302B0485/00H009	Flanders	1,179 m²	1 · 793 m²	11.0 m · 3 fl.
34027D0123/00G005	Flanders	740 m²	1 · 728 m²	11.8 m · 1 fl.
34027F0364/00W000	Flanders	233 m²	1 · 233 m²	12.3 m · 2 fl.
34027F0298/00M002	Flanders	131 m²	1 · 131 m²	10.5 m · 2 fl.
34027D0147/00B031	Flanders	65 m²	1 · 65 m²	10.5 m · 2 fl.