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REAL RETAIL

Active
Private limited companyfounded 197946 yrs activeMonnikshoekstraat 21, 8630 Veurne, BelgiumKBO/BCE: BE 0420.136.296
Summary

REAL RETAIL has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.78M and a net result of €-13k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability19=
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.1M at 30 days acceptable
short-term debt: 0.3% and cash: 2.7% of total assets, and 1.8% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 46 years 0 50 y
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 →
lowers risk · 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
98.2%
Return on assets
-0.1%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
7 d early
2023
14 d early
2022
12 d early
2021
18 d early
2020
2 d late
2019
11 d late
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
25-09-2026 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

Financials · fiscal year 2025, abbreviated schema

Turnover
€12.67M▼ 35.3%
2022 · €19.58M
2018: €87.91Mhighest in 6 years 2019: €86.50M▼ -1.6% vs 2018 2020: €37.89M▼ -56.2% vs 2019 2021: €23.10M▼ -39.0% vs 2020 2022: €19.58M▼ -15.2% vs 2021 2023: €12.67M▼ -35.3% vs 2022lowest in 6 years
2018 → 2023
EBIT margin
-0.3%▼ 0.3pp
2022 · 0.0%
2018: 3.4%highest in 6 years 2019: 2.6%▼ -23.5% vs 2018 2020: 2.5%▼ -5.9% vs 2019 2021: 2.6%▲ +3.8% vs 2020 2022: 0.0%▼ -102% vs 2021 2023: -0.3%▼ -540% vs 2022lowest in 6 years
2018 → 2023
Net result
€-13k
2024 · €114k
2018: €1.86Mhighest in 8 years 2019: €1.75M▼ -6.2% vs 2018 2020: €649k▼ -62.9% vs 2019 2021: €194k▼ -70.2% vs 2020 2022: €14k▼ -92.9% vs 2021 2023: €138k▲ +900% vs 2022 2024: €114k▼ -17.7% vs 2023 2025: €-13k▼ -111% vs 2024lowest in 8 years
2018 → 2025
Working capital
€15.00M▼ 1.3%
2024 · €15.19M
2018: €20.98M 2019: €21.45M▲ +2.2% vs 2018 2020: €21.72M▲ +1.3% vs 2019highest in 8 years 2021: €12.29M▼ -43.4% vs 2020 2022: €9.88M▼ -19.7% vs 2021 2023: €9.79M▼ -0.9% vs 2022lowest in 8 years 2024: €15.19M▲ +55.3% vs 2023 2025: €15.00M▼ -1.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€23.10M-€19.58M▼ 15.2%€12.67M▼ 35.3% 2021: €23.10Mhighest in 3 years 2022: €19.58M▼ -15.2% vs 2021 2023: €12.67M▼ -35.3% vs 2022lowest in 3 years
Equity€23.62M-€20.64M▼ 12.6%€19.67M▼ 4.7%€16.79M▼ 14.7%€16.78M▼ 0.1% 2021: €23.62Mhighest in 5 years 2022: €20.64M▼ -12.6% vs 2021 2023: €19.67M▼ -4.7% vs 2022 2024: €16.79M▼ -14.7% vs 2023 2025: €16.78M▼ -0.1% vs 2024lowest in 5 years
Operating result€592k-€-9k€-39k▼ 314%€-235k▼ 500%€-397k▼ 69.2% 2021: €592khighest in 5 years 2022: €-9k▼ -102% vs 2021 2023: €-39k▼ -314% vs 2022 2024: €-235k▼ -500% vs 2023 2025: €-397k▼ -69.2% vs 2024lowest in 5 years
Net result€194k-€14k▼ 92.9%€138k▲ 900%€114k▼ 17.7%€-13k 2021: €194khighest in 5 years 2022: €14k▼ -92.9% vs 2021 2023: €138k▲ +900% vs 2022 2024: €114k▼ -17.7% vs 2023 2025: €-13k▼ -111% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
€-500k€-250k€0€250k€500kOperating result 2021: €592k€592kNet result 2021: €194k€194kOperating result 2022: €-9k€-9kNet result 2022: €14k€14kOperating result 2023: €-39k€-39kNet result 2023: €138k€138kOperating result 2024: €-235k€-235kNet result 2024: €114k€114kOperating result 2025: €-397k€-397kNet result 2025: €-13k€-13k20212022202320242025€-400k€-200k€0€200kOperating result 2023: €-39k€-39kNet result 2023: €138k€138kOperating result 2024: €-235k€-235kNet result 2024: €114k€114kOperating result 2025: €-397k€-397kNet result 2025: €-13k€-13k202320242025
The operating result stays negative: a loss of €397k in 2025 against €235k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.09M
Fixed assets €2.04M ▲ 8.2%
Current assets €15.05M ▼ 19.4%
Equity and liabilities €17.09M
Equity €16.78M ▼ 0.1%
Provisions €35k =
Debt €280k ▼ 92.5%
Debt's share of the balance-sheet total falls from 18.2% to 1.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-263k▼
2024 · €-88k
Cash flow
€121k▼
2024 · €260k
Debt to equity
0.02▼
2024 · 0.22
ROE
-0.1%▼
2024 · 0.7%
ROA
-0.1%▼
2024 · 0.6%
Interest coverage
-10.64▼
2024 · -3.10
Debt ≤ 1 year
€56k▼
2024 · €3.48M
Debt > 1 year
€217k▼
2024 · €246k
Income taxes
€2k▼
2024 · €41k
Staff costs
€52k▼
2024 · €316k
A ratio outside any meaningful range has been withheld (balance sheet total €17.09M, equity €16.78M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€20.56M€17.09M▼
Fixed assets21/28€1.88M€2.04M▲
Tangible fixed assets22/27€1.88M€1.56M▼
Land and buildings22€1.59M€1.40M▼
Plant, machinery and equipment23€3k€0▼
Furniture and vehicles24€174k€148k▼
Other tangible fixed assets26€120k€14k▼
Financial fixed assets28€185€475k▲
Current assets29/58€18.68M€15.05M▼
Amounts receivable after more than one year29-€167k
Other amounts receivable291-€167k
Stocks and contracts in progress3€1.07M€349k▼
Stocks30/36€1.07M€349k▼
Amounts receivable within one year40/41€4.89M€1.48M▼
Trade receivables40€43k€24k▼
Other amounts receivable41€4.85M€1.46M▼
Current investments50/53€11.65M€12.47M▲
Cash at bank and in hand54/58€785k€455k▼
Deferred charges and accrued income490/1€283k€123k▼
Equity and liabilities
Total equity and liabilities10/49€20.56M€17.09M▼
Equity10/15€16.79M€16.78M▼
Contributions10/11€19k€19k=
Reserves13€16.77M€16.76M▼
Tax-exempt reserves132€6.93M€6.92M▼
Distributable reserves133€9.84M€9.84M=
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€35k€35k=
Provisions for liabilities and charges160/5€35k€35k=
Environmental obligations163€35k€35k=
Amounts payable17/49€3.74M€280k▼
Amounts payable after more than one year17€246k€217k▼
Financial debts170/4€246k€217k▼
Amounts payable within one year42/48€3.48M€56k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€427k€11k▼
Suppliers440/4€427k€11k▼
Taxes, remuneration and social security45€26k€16k▼
Taxes450/3€6k€16k▲
Remuneration and social security454/9€20k€0▼
Other amounts payable47/48€3.00M€0▼
Accrued charges and deferred income492/3€9k€7k▼
Income statement Code20242025
Non-recurring operating income76A€43k€7k▼
Remuneration, social security and pensions62€316k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€134k▼
Other operating charges640/8€28k€12k▼
Non-recurring operating charges66A€26k€216k▲
Gross operating margin9900€282k€17k▼
Operating profit (loss)9901€-235k€-397k▼
Financial income75/76B€418k€411k▼
Recurring financial income75€418k€411k▼
Financial charges65/66B€28k€25k▼
Recurring financial charges65€28k€25k▼
Profit (loss) for the period before taxes9903€154k€-11k▼
Income taxes67/77€41k€2k▼
Profit (loss) for the period9904€114k€-13k▼
Transfer from tax-exempt reserves789-€14k
Profit (loss) for the period to be appropriated9905€114k€989▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€989▼
Transfer from equity791/2€2.89M€0▼
Transfer to equity691/2-€989
To other reserves6921-€989
Profit to be distributed694/7€3.00M€0▼
Return on contributions (dividend)694€3.00M€0▼
Directors or managers695€0-
Social balance
Average headcount (FTE)90876.90.8▼

The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€23.30M€19.68M€12.77M---
Turnover70€23.10M€19.58M€12.67M---
Other operating income74€205k€81k€82k---
Non-recurring operating income76A€2k€17k€15k€43k€7k▼ 83.5%
Operating charges60/66A€22.71M€19.69M€12.81M---
Goods for resale, raw materials and consumables60€20.65M€17.70M€11.17M---
Purchases600/8€26.12M€11.12M€9.44M---
Change in stocks: decrease (increase)609€-5.47M€6.57M€1.73M---
Services and other goods61€1.28M€1.07M€888k---
Remuneration, social security and pensions62€506k€520k€537k€316k€52k▼ 83.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€252k€207k€182k€146k€134k▼ 8.7%
Other operating charges640/8€19k€17k€16k€28k€12k▼ 56.7%
Non-recurring operating charges66A€367€179k€11k€26k€216k▲ 745%
Gross operating margin9900---€282k€17k▼ 93.8%
Operating profit (loss)9901€592k€-9k€-39k€-235k€-397k▼ 69.2%
Financial income75/76B€291k€238k€308k€418k€411k▼ 1.6%
Recurring financial income75€291k€238k€308k€418k€411k▼ 1.6%
Income from current assets751€261k€214k€214k---
Other financial income752/9€30k€24k€94k---
Financial charges65/66B€169k€201k€112k€28k€25k▼ 13.0%
Recurring financial charges65€169k€201k€112k€28k€25k▼ 13.0%
Debt charges650€66k€63k€11k---
Other financial charges652/9€103k€138k€100k---
Profit (loss) for the period before taxes9903€714k€27k€157k€154k€-11k▼ 107%
Income taxes67/77€520k€14k€19k€41k€2k▼ 96.2%
Taxes670/3€520k€14k€19k---
Profit (loss) for the period9904€194k€14k€138k€114k€-13k▼ 111%
Transfer from tax-exempt reserves789€2.49M€0--€14k-
Profit (loss) for the period to be appropriated9905€2.68M€14k€138k€114k€989▼ 99.1%
Line20212022202320242025Change
Assets
Total assets20/58€33.14M€24.62M€21.66M€20.56M€17.09M▼ 16.9%
Fixed assets21/28€11.93M€11.30M€10.20M€1.88M€2.04M▲ 8.2%
Tangible fixed assets22/27€2.43M€2.10M€1.93M€1.88M€1.56M▼ 17.0%
Land and buildings22€1.85M€1.77M€1.69M€1.59M€1.40M▼ 11.7%
Plant, machinery and equipment23€103k€56k€11k€3k€0▼ 100%
Furniture and vehicles24€114k€110k€73k€174k€148k▼ 14.7%
Other tangible fixed assets26€363k€165k€159k€120k€14k▼ 88.6%
Financial fixed assets28€9.50M€9.20M€8.27M€185€475k▲ 256,730%
Affiliated companies280/1€9.50M€9.20M€8.27M---
Amounts receivable281€9.50M€9.20M€8.27M---
Other financial fixed assets284/8€185€185€185---
Amounts receivable and cash guarantees285/8€185€185€185---
Current assets29/58€21.21M€13.32M€11.46M€18.68M€15.05M▼ 19.4%
Amounts receivable after more than one year29----€167k-
Other amounts receivable291----€167k-
Stocks and contracts in progress3€10.48M€3.91M€2.19M€1.07M€349k▼ 67.3%
Stocks30/36€10.48M€3.91M€2.19M€1.07M€349k▼ 67.3%
Goods purchased for resale34€10.48M€3.91M€2.18M---
Advance payments36--€10k---
Amounts receivable within one year40/41€4.06M€3.30M€4.23M€4.89M€1.48M▼ 69.7%
Trade receivables40€207k€417k€126k€43k€24k▼ 43.7%
Other amounts receivable41€3.85M€2.89M€4.11M€4.85M€1.46M▼ 69.9%
Current investments50/53---€11.65M€12.47M▲ 7.1%
Cash at bank and in hand54/58€6.39M€5.89M€4.80M€785k€455k▼ 42.0%
Deferred charges and accrued income490/1€273k€215k€230k€283k€123k▼ 56.5%
Equity and liabilities
Total equity and liabilities10/49€33.14M€24.62M€21.66M€20.56M€17.09M▼ 16.9%
Equity10/15€23.62M€20.64M€19.67M€16.79M€16.78M▼ 0.1%
Contributions10/11€19k€19k€19k€19k€19k=
Reserves13€23.60M€20.62M€19.66M€16.77M€16.76M▼ 0.1%
Non-distributable reserves130/1€2k€2k€0---
Reserves not available under the articles1311€2k€2k€0---
Tax-exempt reserves132€6.93M€6.93M€6.93M€6.93M€6.92M▼ 0.2%
Distributable reserves133€16.67M€13.69M€12.73M€9.84M€9.84M=
Profit (loss) carried forward14---€0€0-
Provisions and deferred taxes16€35k€35k€35k€35k€35k=
Provisions for liabilities and charges160/5€35k€35k€35k€35k€35k=
Environmental obligations163€35k€35k€35k€35k€35k=
Amounts payable17/49€9.48M€3.95M€1.95M€3.74M€280k▼ 92.5%
Amounts payable after more than one year17€545k€497k€274k€246k€217k▼ 11.9%
Financial debts170/4€545k€497k€274k€246k€217k▼ 11.9%
Credit institutions173€545k€497k€274k---
Amounts payable within one year42/48€8.92M€3.45M€1.68M€3.48M€56k▼ 98.4%
Current portion of amounts payable after more than one year42€48k€49k€224k€28k€29k▲ 3.6%
Financial debts43€7.22M€0----
Credit institutions430/8€7.22M€0----
Other loans439€0-----
Trade debts44€360k€324k€270k€427k€11k▼ 97.5%
Suppliers440/4€360k€324k€270k€427k€11k▼ 97.5%
Taxes, remuneration and social security45€86k€76k€81k€26k€16k▼ 38.1%
Taxes450/3€11k€14k€12k€6k€16k▲ 164%
Remuneration and social security454/9€75k€62k€69k€20k€0▼ 100%
Other amounts payable47/48€1.20M€3.00M€1.10M€3.00M€0▼ 100%
Accrued charges and deferred income492/3€19k€4k€5k€9k€7k▼ 21.2%
Line20212022202320242025Change
Profit (loss) for the period9904€194k€14k€138k€114k€-13k▼ 111%
+ Depreciation and write-downs630€252k€207k€182k€146k€134k▼ 8.7%
Operating cash flow (approximation)€445k€221k€320k€260k€121k▼ 53.4%
Investment in fixed assets (approximation)-€424k€910k€8.17M€-289k▼ 104%
Change in cash-€-500k€-1.09M€-4.02M€-330k▲ 91.8%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
31-12
Financial Liquidity times 50current ratio 270.14
Current ratio from 5.37 to 270.14; short-term debt falls from €3.48M to €56k.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
02-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
31-12
Financial Liquidity times 5current ratio 16.05
Current ratio from 3.42 to 16.05; short-term debt falls from €8.86M to €1.44M.
11-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
01-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
11 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, Veurne · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
9,875 m²
Building footprint
4,827 m²
Volume, LiDAR
1,796 m³
Parcel 38025C0568/00Y003, Flanders · tallest building 3.2 m. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
Real Retail
Monnikshoekstraat 21, 8630 VeurneRetail trade
since 20152.245.496.847
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38025C0568/00Y003 Flanders 9,875 m² 1 · 4,827 m² 3.2 m
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.

Structure & network

Ownership & control

1 parent company
Control over this companyparent company per the LEI register1
controls
REAL RETAILBE 0420.136.296

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 18,226 EUR awarded · 18,226 EUR paid
Year Entries awardedpaid
2025 1 1 EUR1 EUR
2024 1 7,852 EUR7,852 EUR
2023 1 7,529 EUR7,529 EUR
2022 1 2,844 EUR2,844 EUR
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
4 entries · 18,226 EUR · 18,226 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Legal Entity Identifier

549300CMY6VT8K7TXQ92
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 417 companies in sector 47260 we hold annual accounts for 264. 11 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
Founded01-12-1979
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
46341Wholesale of wines and spirits
46360Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
47279Other retail sale of food
47621Retail sale of newspapers and periodicals
47783Retail trade
47789Other retail sale of new goods
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services

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