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Preet

Active
Private limited companyfounded 20206 yrs activeAntwerpsesteenweg 543, 9040 Gent, BelgiumKBO/BCE: BE 0742.716.924
Summary

The computed 12-month bankruptcy probability of Preet is 2.6% (moderate). The 2024 annual accounts show equity of €6,383 and a net result of -€19,506. Its solvency ranks better than 31% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2022
Profitability0▼-100
Solvency36▼-64
Growth32
Track record100
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.92 against 9.31 in 2022; short-term debt: 89.2% and cash: 48.4% of total assets), and 89.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
10.8%
Return on assets
-33%
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
153 d late
2022
58 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 106 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
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

History

On 28 January 2020, Preet was incorporated as a Private limited company.1 Total assets went from EUR 26,697 in 2022 to EUR 59,068 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€6,383▼ 73.2%
2022 · €23,828
Total assets
€59,068▲ 121%
2022 · €26,697
Net result
-€19,506
2022 · €18,001
Working capital
-€4,282
2022 · €23,828
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Available amounts per fiscal year
Line20222024
Operating result€20,460--€17,828-
Net result€18,001within the sector's middle half--€19,506below the sector's middle half-
Equity€23,828within the sector's middle half-€6,383within the sector's middle half-
Total assets€26,697below the sector's middle half-€59,068within the sector's middle half-
Debt€2,869-€52,686-
Working capital€23,828within the sector's middle half--€4,282within the sector's middle half-
Solvency89.3%above the sector's middle half-10.8%within the sector's middle half-
Current ratio9.31above the sector's middle half-0.92within the sector's middle half-
Return on assets (ROA)67.4%above the sector's middle half--33.0%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2022: €20,460€20,460Net result 2022: €18,001€18,001Operating result 2024: -€17,828-€17,828Net result 2024: -€19,506-€19,50620222024-€20,000-€10,000€0€10,000€20,000Operating result 2022: €20,460€20,500Net result 2022: €18,001€18,000Operating result 2024: -€17,828-€17,800Net result 2024: -€19,506-€19,50020222024
The operating result is -€17,828 in 2024, compared with €20,460 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €59,068
Fixed assets €10,665
Current assets €48,403
Equity and liabilities €59,068
Equity €6,383 ▼ 73.2%
Debt €52,686 ▲ 1,737%
Debt's share of the balance-sheet total rises from 10.7% to 89.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2022
EBITDA
-€16,643
Cash flow
-€18,321
Quick ratio
0.59▼
2022 · 5.88
Debt to equity
8.25▲
2022 · 0.12
ROE
-305.6%▼
2022 · 75.5%
Interest coverage
-9.92
Debt ≤ 1 year
€52,686▲
2022 · €2,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
6.4% went bankrupt
6.6% stopped otherwise
86% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 34 lines
Balance sheet Code20222024
Assets
Total assets20/58€26,697€59,068▲
Fixed assets21/28-€10,665
Tangible fixed assets22/27-€10,665
Plant, machinery and equipment23-€10,665
Current assets29/58€26,697€48,403▲
Stocks and contracts in progress3€9,835€17,335▲
Stocks30/36€9,835€17,335▲
Amounts receivable within one year40/41€888€2,506▲
Other amounts receivable41€888€2,506▲
Cash at bank and in hand54/58€15,973€28,562▲
Equity and liabilities
Total equity and liabilities10/49€26,697€59,068▲
Equity10/15€23,828€6,383▼
Contributions10/11€15,000€9,600▼
Capital10€15,000€9,600▼
Issued capital100€15,000€9,600▼
Profit (loss) carried forward14€8,828-€3,217▼
Amounts payable17/49€2,869€52,686▲
Amounts payable within one year42/48€2,869€52,686▲
Trade debts44€661€50,646▲
Suppliers440/4€661€50,646▲
Taxes, remuneration and social security45€2,208€2,040▼
Taxes450/3€2,208€2,040▼
Income statement Code20222024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,185
Other operating charges640/8€631€1,746▲
Gross operating margin9900€21,092-€14,898▼
Operating profit (loss)9901€20,460-€17,828▼
Financial charges65/66B€252€1,677▲
Recurring financial charges65€252€1,677▲
Profit (loss) for the period before taxes9903€20,209-€19,506▼
Income taxes67/77€2,208-
Profit (loss) for the period9904€18,001-€19,506▼
Profit (loss) for the period to be appropriated9905€18,001-€19,506▼
Appropriation of the result
Profit (loss) to be appropriated9906€8,828-€3,217▼
Profit (loss) brought forward from the previous period14P-€9,173€16,288▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,185-
Other operating charges640/8€631€1,746-
Gross operating margin9900€21,092-€14,898-
Operating profit (loss)9901€20,460-€17,828-
Financial charges65/66B€252€1,677-
Recurring financial charges65€252€1,677-
Profit (loss) for the period before taxes9903€20,209-€19,506-
Income taxes67/77€2,208--
Profit (loss) for the period9904€18,001-€19,506-
Profit (loss) for the period to be appropriated9905€18,001-€19,506-
Line20222024Change
Assets
Total assets20/58€26,697€59,068-
Fixed assets21/28-€10,665-
Tangible fixed assets22/27-€10,665-
Plant, machinery and equipment23-€10,665-
Current assets29/58€26,697€48,403-
Stocks and contracts in progress3€9,835€17,335-
Stocks30/36€9,835€17,335-
Amounts receivable within one year40/41€888€2,506-
Other amounts receivable41€888€2,506-
Cash at bank and in hand54/58€15,973€28,562-
Equity and liabilities
Total equity and liabilities10/49€26,697€59,068-
Equity10/15€23,828€6,383-
Contributions10/11€15,000€9,600-
Capital10€15,000€9,600-
Issued capital100€15,000€9,600-
Profit (loss) carried forward14€8,828-€3,217-
Amounts payable17/49€2,869€52,686-
Amounts payable within one year42/48€2,869€52,686-
Trade debts44€661€50,646-
Suppliers440/4€661€50,646-
Taxes, remuneration and social security45€2,208€2,040-
Taxes450/3€2,208€2,040-
Line20222024Change
Profit (loss) for the period9904€18,001-€19,506-
+ Depreciation and write-downs630-€1,185-
Operating cash flow (approximation)€18,001-€18,321-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2023
27-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Gent · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
217 m²
Building footprint
185 m²
Volume, LiDAR
1,036 m³
Parcel 44061B0269/00N000, Flanders · tallest building 11.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Nachtwinkel Preet
Antwerpsesteenweg 543, 9040 GentRetail trade
since 20202.299.645.910
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44061B0269/00N000 Flanders 217 m² 1 · 185 m² 11.4 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid
Year Entries awardedpaid
2024 1 2,000 EUR2,000 EUR
Schemes
1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gent2.299.645.910
1 permission
Detailhandel LM>3 maand · since 10-07-2020

Similar companies · same sector, comparable size

Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 2,911 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID 0208:0742716924
Also 9925:BE0742716924
Registered 29-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.