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RED START LINE

Active
Private limited companyfounded 20214 yrs activeSteenweg op Mechelen 455, 1950 Kraainem, BelgiumKBO/BCE: BE 0775.827.873
Summary

The computed 12-month bankruptcy probability of RED START LINE is 6.3% (elevated). The 2024 annual accounts show equity of €46,205 and a net result of €11,828. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 26069 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
RED START LINEActiveChecked score 39/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of fruit and vegetables
NACE 47210Other retail sale of new goods NACE 47789NACE 47810
1 site
Size
€120,997turnover 2024
Equity
€46,205
Profit
€11,828
Financial health
39 Weak Checked score 2024
Bankruptcy chance 12 m
6.3%
Structure
Accounts 67 d overdue3 of 4 deeds read
Why 39- Figures for FY 2024 (filed 24-06-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; 1 of the last 3 late- Founded in 2021Show the evidence

Checked score

Score 2024
39 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 71% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 99-1
equity 73.7% of total assets
Liquidity 61+4
short-term debt 26.3% · cash 16.6%
Profitability 87-13
return on assets 18.9%
Bankruptcy probability, 12 months
6.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,158 companies)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● 0.0% vs 11-2024 01-2025: 2.5%▲ +2.9% vs 12-2024 02-2025: 2.5%▲ +2.2% vs 01-2025 03-2025: 2.6%▲ +1.7% vs 02-2025 04-2025: 2.6%▲ +2.1% vs 03-2025 05-2025: 2.6%▲ +0.5% vs 04-2025 06-2025: 2.2%▼ -15.5% vs 05-2025 07-2025: 1.3%▼ -41.1% vs 06-2025 08-2025: 1.3%● 0.0% vs 07-2025 09-2025: 1.3%● 0.0% vs 08-2025 10-2025: 1.2%▼ -5.2% vs 09-2025lowest value 11-2025: 1.2%● 0.0% vs 10-2025lowest value 12-2025: 1.2%● 0.0% vs 11-2025lowest value 01-2026: 1.3%▲ +2.2% vs 12-2025 02-2026: 1.3%▲ +1.0% vs 01-2026 03-2026: 1.9%▲ +45.0% vs 02-2026 04-2026: 2.2%▲ +19.0% vs 03-2026 05-2026: 2.7%▲ +20.0% vs 04-2026 06-2026: 2.6%▼ -2.9% vs 05-2026 07-2026: 2.6%▲ +0.5% vs 06-2026 08-2026: 3.2%▲ +24.3% vs 07-2026 09-2026: 3.7%▲ +13.9% vs 08-2026 10-2026: 6.3%▲ +71.3% vs 09-2026highest value
  • Figures for FY 2024 (filed 24-06-2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • 1 financial year not filed after the legal deadline; 1 of the last 3 late raises the probability
  • Founded in 2021 raises the probability for this profile
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.35 against 2.72 in 2023; short-term debt: 26.3% and cash: 16.6% of total assets), and 26.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 84%, liquidity 67%, profitability 82%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 24-06-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d late
2022
66 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 19 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
  1. Resignation: HAMRA Hassan (director)State Gazette act
  2. Statutes amendmentCapital
  3. Registered office · Statutes amendment ·…Appointment: Hassan HAMRA (director) ·…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Positive: Among the best 17% on solvencysector median 32.3% · 26,069 companies 73.7% View
  • A director leftlatest change 21-04-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2024
Turnover
€120,997
Profit
€11,828
Solvency
73.7%
Turnover▼ 16.0%
Net result
20222024
Go to Financials

Timeline

Events
9
Since
2023
  1. 21-04-2026Resignation: HAMRA Hassan (director)
  2. 27-02-2026Statutes amendment
  3. 26-02-2026Registered office · Statutes amendment · Resignations…
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of fruit and vegetablesNACE 47210
Founded
17-10-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
39
Who signs
Each director alone
Annual meeting
First Monday of June at 18:00
Purpose
1) Alle activiteiten die direct of indirect verband houden met:; 2) Alle activiteiten die…
Go to Articles of association

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