RED WHITE BAS
ActiveSummary
The computed 12-month bankruptcy probability of RED WHITE BAS is 4.4% (elevated). The 2025 annual accounts show negative equity (-€47,491) and a net result of €3,672. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 18626 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+53
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.48 in 2024; short-term debt: 194.2% and cash: 3.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 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
-150.5%
Return on assets
11.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 5 filingsDeviation from the deadline
2025
14 d late
2024
27 d late
2023
30 d late
2022
30 d late
2021
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 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 (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. Usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€47,491▲ 7.2%
2024 · -€51,162
Total assets
€31,548▼ 17.2%
2024 · €38,124
Net result
€3,672
2024 · -€10,678
Working capital
-€35,015▼ 10.2%
2024 · -€31,773
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-€27,554-€2,223-€15,277-€6,957▲ 54.5%€7,385
Net result-€27,844below the sector's middle half-€875within the sector's middle half-€16,016below the sector's middle half-€10,678below the sector's middle half▲ 33.3%€3,672within the sector's middle half
Equity-€25,344below the sector's middle half--€24,469below the sector's middle half▲ 3.5%-€40,484below the sector's middle half▼ 65.5%-€51,162below the sector's middle half▼ 26.4%-€47,491below the sector's middle half▲ 7.2%
Total assets€43,693below the sector's middle half-€86,061within the sector's middle half▲ 97.0%€35,775below the sector's middle half▼ 58.4%€38,124below the sector's middle half▲ 6.6%€31,548below the sector's middle half▼ 17.2%
Debt€69,037-€110,530▲ 60.1%€76,259▼ 31.0%€89,286▲ 17.1%€79,039▼ 11.5%
Working capital-€35,533below the sector's middle half--€41,127below the sector's middle half▼ 15.7%-€50,847below the sector's middle half▼ 23.6%-€31,773below the sector's middle half▲ 37.5%-€35,015below the sector's middle half▼ 10.2%
Solvency-58.0%below the sector's middle half--28.4%below the sector's middle half▲ 29.6pp-113.2%below the sector's middle half▼ 84.7pp-134.2%below the sector's middle half▼ 21.0pp-150.5%below the sector's middle half▼ 16.3pp
Current ratio0.49below the sector's middle half-0.59below the sector's middle half▲ 0.110.26below the sector's middle half▼ 0.330.48below the sector's middle half▲ 0.220.43below the sector's middle half▼ 0.06
Return on assets (ROA)-63.7%below the sector's middle half-1.0%within the sector's middle half▲ 64.7pp-44.8%below the sector's middle half▼ 45.8pp-28.0%below the sector's middle half▲ 16.8pp11.6%within the sector's middle half▲ 39.6pp
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 returns to profit in 2025: €7,385 after a loss of €6,957 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,548
Fixed assets
€5,306 ▼ 36.6%
Current assets
€26,242 ▼ 11.8%
Key figures and ratios
EBITDA
€10,448▲
2024 · €2,168
Cash flow
€6,734▲
2024 · -€1,552
Quick ratio
0.15▼
2024 · 0.18
Debt to equity
-1.66▲
2024 · -1.75
Interest coverage
2.92▲
2024 · 0.60
Debt ≤ 1 year
€61,257▼
2024 · €61,528
Debt > 1 year
€17,781▼
2024 · €27,758
Income taxes
€140▲
2024 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% 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 2,180 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,942 | €7,469 | €9,126 | €9,126 | €3,063 | ▼ 66.4% |
| Other operating charges640/8 | €1,440 | €966 | €44,762 | €4,608 | €1,338 | ▼ 71.0% |
| Gross operating margin9900 | -€22,172 | €10,658 | €38,611 | €6,776 | €11,786 | ▲ 73.9% |
| Operating profit (loss)9901 | -€27,554 | €2,223 | -€15,277 | -€6,957 | €7,385 | ▲ 206% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €290 | €1,348 | €739 | €3,597 | €3,574 | ▼ 0.6% |
| Recurring financial charges65 | €290 | €1,348 | €739 | €3,597 | €3,574 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | -€27,844 | €875 | -€16,016 | -€10,555 | €3,811 | ▲ 136% |
| Income taxes67/77 | - | - | - | €123 | €140 | ▲ 13.2% |
| Profit (loss) for the period9904 | -€27,844 | €875 | -€16,016 | -€10,678 | €3,672 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | -€27,844 | €875 | -€16,016 | -€10,678 | €3,672 | ▲ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,693 | €86,061 | €35,775 | €38,124 | €31,548 | ▼ 17.2% |
| Fixed assets21/28 | €10,189 | €26,620 | €17,494 | €8,369 | €5,306 | ▼ 36.6% |
| Tangible fixed assets22/27 | €10,189 | €21,620 | €12,494 | €3,369 | €306 | ▼ 90.9% |
| Furniture and vehicles24 | - | €14,258 | €7,958 | €1,659 | - | - |
| Other tangible fixed assets26 | €10,189 | €7,362 | €4,536 | €1,710 | €306 | ▼ 82.1% |
| Financial fixed assets28 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €33,504 | €59,441 | €18,281 | €29,755 | €26,242 | ▼ 11.8% |
| Stocks and contracts in progress3 | €3,000 | €8,870 | €14,750 | €18,407 | €17,344 | ▼ 5.8% |
| Stocks30/36 | €3,000 | €8,870 | €14,750 | €18,407 | €17,344 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €17,985 | €48,942 | €3,355 | €9,998 | €7,300 | ▼ 27.0% |
| Trade receivables40 | €5,980 | €38,584 | €2,830 | €9,361 | €7,300 | ▼ 22.0% |
| Other amounts receivable41 | €12,005 | €10,358 | €524 | €637 | - | - |
| Cash at bank and in hand54/58 | €12,519 | €1,629 | €176 | €1,350 | €1,031 | ▼ 23.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €567 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,693 | €86,061 | €35,775 | €38,124 | €31,548 | ▼ 17.2% |
| Equity10/15 | -€25,344 | -€24,469 | -€40,484 | -€51,162 | -€47,491 | ▲ 7.2% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€27,844 | -€26,969 | -€42,984 | -€53,662 | -€49,991 | ▲ 6.8% |
| Amounts payable17/49 | €69,037 | €110,530 | €76,259 | €89,286 | €79,039 | ▼ 11.5% |
| Amounts payable after more than one year17 | - | €9,962 | €7,131 | €27,758 | €17,781 | ▼ 35.9% |
| Financial debts170/4 | - | €9,962 | €7,131 | €27,758 | €17,781 | ▼ 35.9% |
| Amounts payable within one year42/48 | €69,037 | €100,568 | €69,128 | €61,528 | €61,257 | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | €2,704 | €2,830 | €9,187 | €9,976 | ▲ 8.6% |
| Trade debts44 | €7,244 | €33,933 | €3,400 | €22,677 | €19,287 | ▼ 14.9% |
| Suppliers440/4 | €7,244 | €33,933 | €3,400 | €22,677 | €19,287 | ▼ 14.9% |
| Taxes, remuneration and social security45 | €35 | - | - | - | €614 | - |
| Taxes450/3 | €35 | - | - | - | €614 | - |
| Other amounts payable47/48 | €61,758 | €63,931 | €62,898 | €29,664 | €31,380 | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,844 | €875 | -€16,016 | -€10,678 | €3,672 | ▲ 134% |
| + Depreciation and write-downs630 | €3,942 | €7,469 | €9,126 | €9,126 | €3,063 | ▼ 66.4% |
| Operating cash flow (approximation) | -€23,902 | €8,344 | -€6,890 | -€1,552 | €6,734 | ▲ 534% |
| Investment in fixed assets (approximation) | - | -€23,900 | €0 | €0 | €0 | - |
| Change in cash | - | -€10,890 | -€1,453 | €1,174 | -€319 | ▼ 127% |
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
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Back to profitnet €3,672
Net result €3,672 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €875
Net result €875 after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
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, Schaarbeek · 1 establishment unit since 2020
Ground area
126 m²
Building footprint
79 m²
Volume, LiDAR
1,209 m³
Parcel 21906D0131/00Z003, Brussels · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rogierlaan 87, 1030 Schaarbeek
since 20202.306.585.764
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0131/00Z003 | Brussels | 126 m² | 1 · 79 m² | 19.7 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.306.585.764
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47260Retail trade
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753605371
Also
9925:BE0753605371
Registered
06-01-2026
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.