PRESIDENCE
ActiveSummary
PRESIDENCE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €410,150 and a net result of -€20,308. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-36
Solvency45▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.23 in 2024; short-term debt: 13.7% and cash: 3.2% of total assets), and 80% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 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 2025Solvency, return and age of the figures
Solvency
20%
Return on assets
-1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-10-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
60 d late
2024
60 d late
2023
28 d late
2022
29 d late
2021
28 d late
2020
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 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)
History
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Financials · fiscal year 2025, micro schema
Equity
€410,150▼ 4.7%
2024 · €430,458
Total assets
€2.0m▲ 21.3%
2024 · €1.7m
Net result
-€20,308
2024 · €35,392
Working capital
€129,222▲ 93.1%
2024 · €66,927
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€87,185▼ 1.9%€52,482▼ 39.8%€42,711▼ 18.6%€62,538▲ 46.4%€37,963▼ 39.3%
Net result€66,865above the sector's middle half▲ 6.8%€40,020above the sector's middle half▼ 40.1%€24,172above the sector's middle half▼ 39.6%€35,392above the sector's middle half▲ 46.4%-€20,308below the sector's middle half
Equity€330,874above the sector's middle half▲ 25.3%€370,894above the sector's middle half▲ 12.1%€395,066above the sector's middle half▲ 6.5%€430,458above the sector's middle half▲ 9.0%€410,150above the sector's middle half▼ 4.7%
Total assets€811,761above the sector's middle half▲ 68.7%€956,936above the sector's middle half▲ 17.9%€943,993above the sector's middle half▼ 1.4%€1.7mabove the sector's middle half▲ 78.8%€2.0mabove the sector's middle half▲ 21.3%
Debt€480,887▲ 121%€586,042▲ 21.9%€548,927▼ 6.3%€1.3m▲ 129%€1.6m▲ 30.2%
Working capital€166,859above the sector's middle half▲ 78.7%€183,851above the sector's middle half▲ 10.2%€206,806above the sector's middle half▲ 12.5%€66,927within the sector's middle half▼ 67.6%€129,222above the sector's middle half▲ 93.1%
Solvency40.8%within the sector's middle half▼ 14.1pp38.8%within the sector's middle half▼ 2.0pp41.9%within the sector's middle half▲ 3.1pp25.5%within the sector's middle half▼ 16.4pp20.0%within the sector's middle half▼ 5.5pp
Current ratio3.60above the sector's middle half▲ 1.892.52within the sector's middle half▼ 1.082.70within the sector's middle half▲ 0.181.23within the sector's middle half▼ 1.471.46within the sector's middle half▲ 0.24
Return on assets (ROA)8.2%within the sector's middle half▼ 4.8pp4.2%within the sector's middle half▼ 4.1pp2.6%within the sector's middle half▼ 1.6pp2.1%within the sector's middle half▼ 0.5pp-1.0%within the sector's middle half▼ 3.1pp
Staff (FTE)1=1=1.2▲ 20.0%2.1
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
The operating result falls in 2025; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.6m ▲ 23.6%
Current assets
€408,749 ▲ 12.7%
Equity and liabilities €2.0m
Equity
€410,150 ▼ 4.7%
Debt
€1.6m ▲ 30.2%
Debt's share of the balance-sheet total rises from 74.5% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88,992▼
2024 · €91,754
Cash flow
€30,721▼
2024 · €64,608
Quick ratio
1.03▲
2024 · 0.71
Debt to equity
3.99▲
2024 · 2.92
ROE
-5.0%▼
2024 · 8.2%
Interest coverage
2.06▼
2024 · 7.66
Debt ≤ 1 year
€279,527▼
2024 · €295,809
Debt > 1 year
€1.4m▲
2024 · €961,943
Income taxes
€11,072▼
2024 · €16,387
Staff costs
€63,518▲
2024 · €62,778
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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%.
| 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 2,450 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €46,941 | €47,869 | €62,778 | €63,518 | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,693 | €33,544 | €41,624 | €29,216 | €51,029 | ▲ 74.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€8,733 | €2,159 | -€31,519 | €26,888 | ▲ 185% |
| Other operating charges640/8 | - | €13,060 | €8,421 | €12,357 | €12,159 | ▼ 1.6% |
| Gross operating margin9900 | €151,004 | €137,294 | €142,785 | €135,370 | €191,557 | ▲ 41.5% |
| Operating profit (loss)9901 | €87,185 | €52,482 | €42,711 | €62,538 | €37,963 | ▼ 39.3% |
| Financial income75/76B | - | €217 | €1,739 | €1,214 | €1,113 | ▼ 8.3% |
| Recurring financial income75 | €6,239 | €217 | €1,739 | €1,214 | €1,113 | ▼ 8.3% |
| Financial charges65/66B | - | €12,047 | €11,224 | €11,973 | €48,312 | ▲ 303% |
| Recurring financial charges65 | €3,896 | €12,047 | €11,224 | €11,973 | €43,295 | ▲ 262% |
| Non-recurring financial charges66B | - | - | - | - | €5,017 | - |
| Profit (loss) for the period before taxes9903 | €89,527 | €40,651 | €33,226 | €51,779 | -€9,236 | ▼ 118% |
| Income taxes67/77 | €22,662 | €632 | €9,054 | €16,387 | €11,072 | ▼ 32.4% |
| Profit (loss) for the period9904 | €66,865 | €40,020 | €24,172 | €35,392 | -€20,308 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €66,865 | €40,020 | €24,172 | €35,392 | -€20,308 | ▼ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €811,761 | €956,936 | €943,993 | €1.7m | €2.0m | ▲ 21.3% |
| Fixed assets21/28 | €580,764 | €652,391 | €615,540 | €1.3m | €1.6m | ▲ 23.6% |
| Tangible fixed assets22/27 | €580,415 | €652,042 | €615,190 | €1.3m | €1.6m | ▲ 23.3% |
| Land and buildings22 | - | €633,086 | €608,052 | €1.2m | €1.6m | ▲ 34.8% |
| Plant, machinery and equipment23 | - | €162 | €97 | €1,105 | €858 | ▼ 22.4% |
| Furniture and vehicles24 | - | €18,793 | €7,041 | €7,054 | €5,932 | ▼ 15.9% |
| Other tangible fixed assets26 | - | - | - | - | €6,491 | - |
| Assets under construction and advance payments27 | - | - | - | €114,899 | - | - |
| Financial fixed assets28 | €349 | €349 | €349 | €349 | €5,149 | ▲ 1,374% |
| Current assets29/58 | €230,997 | €304,545 | €328,453 | €362,735 | €408,749 | ▲ 12.7% |
| Stocks and contracts in progress3 | €70,934 | €82,435 | €132,961 | €151,812 | €120,114 | ▼ 20.9% |
| Stocks30/36 | - | €82,435 | €132,961 | €151,812 | €120,114 | ▼ 20.9% |
| Amounts receivable within one year40/41 | - | €29,120 | €50,640 | €101,752 | €223,316 | ▲ 119% |
| Trade receivables40 | - | €7,747 | €13,322 | €60,599 | €187,720 | ▲ 210% |
| Other amounts receivable41 | - | €21,372 | €37,318 | €41,153 | €35,595 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €158,317 | €190,988 | €143,807 | €107,506 | €65,319 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €2,002 | €1,045 | €1,666 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €811,761 | €956,936 | €943,993 | €1.7m | €2.0m | ▲ 21.3% |
| Equity10/15 | €330,874 | €370,894 | €395,066 | €430,458 | €410,150 | ▼ 4.7% |
| Contributions10/11 | - | €7,445 | €7,445 | €7,445 | €7,445 | = |
| Reserves13 | €20,426 | €20,426 | €20,426 | €55,818 | €55,818 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €18,566 | €18,566 | €18,566 | €18,566 | = |
| Distributable reserves133 | - | - | - | €35,392 | €35,392 | = |
| Profit (loss) carried forward14 | €303,004 | €343,023 | €367,195 | €367,195 | €346,887 | ▼ 5.5% |
| Amounts payable17/49 | €480,887 | €586,042 | €548,927 | €1.3m | €1.6m | ▲ 30.2% |
| Amounts payable after more than one year17 | €416,749 | €465,349 | €427,279 | €961,943 | €1.4m | ▲ 41.1% |
| Financial debts170/4 | - | €448,448 | €408,954 | €933,471 | €1.3m | ▲ 42.3% |
| Other amounts payable178/9 | - | €16,901 | €18,326 | €28,471 | €28,861 | ▲ 1.4% |
| Amounts payable within one year42/48 | €64,139 | €120,693 | €121,648 | €295,809 | €279,527 | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | €36,609 | €37,164 | €21,129 | €36,791 | ▲ 74.1% |
| Trade debts44 | €15,724 | €42,102 | €60,114 | €86,301 | €33,503 | ▼ 61.2% |
| Suppliers440/4 | - | €42,102 | €60,114 | €86,301 | €33,503 | ▼ 61.2% |
| Taxes, remuneration and social security45 | - | €34,809 | €18,740 | €25,161 | €49,736 | ▲ 97.7% |
| Taxes450/3 | - | €29,195 | €15,057 | - | €38,041 | - |
| Remuneration and social security454/9 | - | €5,615 | €3,683 | €25,161 | €11,696 | ▼ 53.5% |
| Other amounts payable47/48 | - | €7,172 | €5,630 | €163,219 | €159,497 | ▼ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,865 | €40,020 | €24,172 | €35,392 | -€20,308 | ▼ 157% |
| + Depreciation and write-downs630 | €26,693 | €33,544 | €41,624 | €29,216 | €51,029 | ▲ 74.7% |
| Operating cash flow (approximation) | €93,558 | €73,564 | €65,796 | €64,608 | €30,721 | ▼ 52.5% |
| Investment in fixed assets (approximation) | - | -€105,171 | -€4,773 | -€739,150 | -€364,087 | ▲ 50.7% |
| Change in cash | - | €32,671 | -€47,180 | -€36,302 | -€42,187 | ▼ 16.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 60 days late
31-01
Financial
Weakest financial yearnet -€20,308
Net result drops to -€20,308, the lowest in the series.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
31-01
Financial
Highest result since 2019net €66,865 ▲6.8%
Net result €66,865, the highest in the series.
31-01
Financial
Liquidity doublescurrent ratio 3.60
Current ratio from 1.72 to 3.60; short-term debt falls from €130,494 to €64,139.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Namur · 2 establishment units since 1990
Ground area
248 m²
Building footprint
196 m²
Volume, LiDAR
2,998 m³
2 parcels, Wallonia · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
PRESIDENCE
since 19902.050.144.785
Rue du Président 19, 5000 Namur
since 20242.354.616.996
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1000/00S000 | Wallonia | 131 m² | 1 · 117 m² | 17.4 m · 5 fl. |
| 92094C1000/00G000 | Wallonia | 116 m² | 1 · 79 m² | 17.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,271 companies in sector 47512 we hold annual accounts for 581. 419 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
Founded01-10-1990
Fiscal year end31-01
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
47721Retail sale of footwear
47711Retail sale of women's outerwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441749777
Also
9925:BE0441749777
Registered
19-08-2025
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.