Checked.be
Active
BE 0651.788.134Private limited company
PRESENT
Burgstraat 21 ·9000 Gent, Belgium· 10 yrs active
Sector: Design of textile patterns, clothing, jewellery, furniture and decorative items
(74111)
Conclusion
PRESENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-52k) and a net result of €-99k. Equity is shrinking by ~93.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 3369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-52k |
| Net result | €-99k |
| Staff (FTE) | 5.6 |
| Better than sector | 13% |
Financial profile
55
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
37
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
61
2022
17
2023
2
2024
7
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.67 (< 1.0)
-10
Quick ratio
Quick ratio 0.24 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 191% (≥ 10%)
+10
Interest coverage
Interest coverage -1.5× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~93.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 74, Other professional, scientific and technical activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -8.8% | 50.2% | |
| Net result | €-99k | €9k | |
| Equity | €-52k | €43k | |
| Gross operating margin | €197k | €27k | |
| Staff costs | €233k | €27k |
€-32k
-56.1%
22-25
€-99k
-3.2%
22-25
€-49k
-15.1%
22-25
€590k
-11.4%
22-25
€-52k
-
22-25
€-102k
-269.9%
22-25
6
-5.1%
22-25
€233k
-1.0%
22-25
€140
+1.5%
22-25
€642k
+5.4%
22-25
€308k
+17.4%
22-25
€334k
-3.0%
22-25
0.67
-25.2%
22-25
0.24
-7.1%
22-25
-8.8%
-
22-25
-12.32
-
22-25
190.6%
-
22-25
-16.8%
-16.5%
22-25
-1.52
-68.6%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-32k | €-21k | €19k | €69k |
| Net profit | €-99k | €-96k | €-62k | €5k |
| Cash flow | €-49k | €-42k | €-4k | €53k |
| Staff costs | €233k | €235k | €215k | €234k |
| Income taxes | €140 | €138 | €128 | €123 |
| Dividends | - | - | - | - |
| Total assets | €590k | €666k | €781k | €798k |
| Equity | €-52k | €47k | €143k | €206k |
| Debt | €642k | €609k | €627k | €582k |
| of which ≤ 1y | €308k | €262k | €284k | €248k |
| of which > 1y | €334k | €344k | €342k | €333k |
| Working capital | €-102k | €-28k | €12k | €11k |
| Employees (FTE) | 5.6 | 5.9 | 5.9 | 6.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.67 | 0.90 | 1.04 | 1.04 |
| Quick ratio | 0.24 | 0.25 | 0.27 | 0.20 |
| Working capital ratio | -17.3% | -4.1% | 1.5% | 1.4% |
| Solvency | -8.8% | 7.1% | 18.4% | 25.8% |
| Debt / equity | -12.32 | 12.89 | 4.37 | 2.83 |
| Long-term debt ratio | -6.41 | 7.29 | 2.38 | 1.62 |
| Interest coverage | -1.52 | -0.90 | 0.78 | 4.08 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -16.8% | -14.5% | -8.0% | 0.6% |
| ROE | 190.6% | -203.8% | -43.6% | 2.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €590k | €666k | €781k | €798k |
| Fixed assets | 21/28 | €384k | €431k | €485k | €539k |
| Intangible fixed assets | 21 | €37k | €57k | €83k | €104k |
| Tangible fixed assets | 22/27 | €341k | €369k | €396k | €429k |
| Financial fixed assets | 28 | €6k | €6k | €6k | €6k |
| Current assets | 29/58 | €206k | €235k | €295k | €259k |
| Stocks & contracts in progress | 3 | €133k | €168k | €218k | €210k |
| Amounts receivable within one year | 40/41 | €42k | €23k | €34k | €21k |
| Cash & bank | 54/58 | €12k | €24k | €27k | €9k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €590k | €666k | €781k | €798k |
| Equity | 10/15 | €-52k | €47k | €143k | €206k |
| Contributions / capital | 10/11 | €110k | €110k | €110k | €110k |
| Reserves | 13 | €6k | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €-168k | €-68k | €28k | €90k |
| Provisions & deferred taxes | 16 | - | €10k | €10k | €10k |
| Amounts payable | 17/49 | €642k | €609k | €627k | €582k |
| Amounts payable after one year | 17 | €334k | €344k | €342k | €333k |
| Amounts payable within one year | 42/48 | €308k | €262k | €284k | €248k |
| Trade debts payable within one year | 44 | €97k | €64k | €97k | €101k |
| Income statement | |||||
| Gross operating margin | 9900 | €197k | €226k | €222k | €303k |
| Operating result | 9901 | €-83k | €-75k | €-40k | €20k |
| Financial income | 75 | €2k | €1k | €2k | €2k |
| Financial charges | 65 | €21k | €23k | €24k | €17k |
| Result before taxes | 9903 | €-99k | €-96k | €-62k | €5k |
| Income taxes | 67/77 | €140 | €138 | €128 | €123 |
| Net result for the period | 9904 | €-99k | €-96k | €-62k | €5k |
| Result to be appropriated | 9905 | €-99k | €-96k | €-62k | €5k |
Legal Structure
| NACE primary | Design of textile patterns, clothing, jewellery, furniture and decorative items(74111) |
| Legal form | Private limited company(610) |
| Incorporation | 11-04-2016 |
| Status | Active |
| Postal code | 9000 |
Establishment units
That's Pop
since 20162.252.838.658
That's Pop
since 20162.258.134.561
.
since 20202.315.166.997
Real-estate footprint
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3539/00W002 | Flanders | 245 m² | 1 · 246 m² | 18.1 m · 4 fl. |
| 44813A0373/00E000 | Flanders | 241 m² | 1 · 123 m² | 12.2 m · 3 fl. |
| 44815F3044/00_000 | Flanders | 122 m² | 1 · 81 m² | 14.8 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-99k
Net result drops to €-99k, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail trade47714Design of textile patterns, clothing, jewellery, furniture and decorative items74111
Names & trade names
| Legal nameNL | PRESENT |
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