RETAIL CAPITAL
ActiveRETAIL CAPITAL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.23M and a net result of €16k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▼-1
Solvency38=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 3.16 in 2024; short-term debt: 29.3% and cash: 1.5% of total assets), but 86.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
13.2%
Return on assets
0.1%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
22 d early
2023
49 d early
2022
1 d early
2021
6 d early
2020
2 d early
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.23M▲ 0.7%
2024 · €2.22M
2019: €1.19M
2020: €1.36M
2021: €1.66M
2022: €1.99M
2023: €2.16M
2024: €2.22M
2019 → 2025
Total assets
€16.85M▼ 2.0%
2024 · €17.20M
2019: €5.06M
2020: €10.20M
2021: €14.21M
2022: €19.78M
2023: €16.65M
2024: €17.20M
2019 → 2025
Net result
€16k▼ 71.4%
2024 · €55k
2019: €67k
2020: €167k
2021: €297k
2022: €333k
2023: €170k
2024: €55k
2019 → 2025
Working capital
€11.01M▼ 0.8%
2024 · €11.10M
2019: €1.19M
2020: €1.25M
2021: €3.16M
2022: €4.32M
2023: €12.11M
2024: €11.10M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.66M-€1.99M▲ 20.1%€2.16M▲ 8.5%€2.22M▲ 2.6%€2.23M▲ 0.7%
Operating result€598k-€814k▲ 36.1%€781k▼ 4.1%€684k▼ 12.4%€591k▼ 13.6%
Net result€297k-€333k▲ 12.3%€170k▼ 49.1%€55k▼ 67.3%€16k▼ 71.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.85M
Fixed assets
€910k▼ 6.4%
Current assets
€15.94M▼ 1.7%
Equity and liabilities €16.85M
Equity
€2.23M▲ 0.7%
Debt
€14.62M▼ 2.4%
The debt ratio falls from 87.1% to 86.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€672k▼
2024 · €764k
Cash flow
€97k▼
2024 · €135k
Solvency
13.2%▲
2024 · 12.9%
Current ratio
3.23▲
2024 · 3.16
Quick ratio
0.05▼
2024 · 0.18
Debt / equity
6.55▼
2024 · 6.76
ROE
0.7%▼
2024 · 2.5%
ROA
0.1%▼
2024 · 0.3%
Interest coverage
1.19▼
2024 · 1.27
Debt
€14.62M▼
2024 · €14.98M
Debt ≤ 1 year
€4.93M▼
2024 · €5.13M
Debt > 1 year
€9.67M▼
2024 · €9.85M
Income taxes
€13k▼
2024 · €29k
Staff costs
€38k▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17.20M€16.85M▼
Fixed assets21/28€972k€910k▼
Intangible fixed assets21-€17k
Tangible fixed assets22/27€972k€893k▼
Land and buildings22€964k€887k▼
Plant, machinery and equipment23€995€467▼
Furniture and vehicles24€8k€5k▼
Current assets29/58€16.22M€15.94M▼
Stocks and contracts in progress3€15.32M€15.69M▲
Stocks30/36€15.32M€15.69M▲
Amounts receivable within one year40/41€29k€3k▼
Trade receivables40€3k€3k▼
Other amounts receivable41€26k€0▼
Cash at bank and in hand54/58€473k€245k▼
Deferred charges and accrued income490/1€400k€9k▼
Equity and liabilities
Total equity and liabilities10/49€17.20M€16.85M▼
Equity10/15€2.22M€2.23M▲
Contributions10/11€1.02M€1.02M=
Reserves13€1.15M€1.16M▲
Distributable reserves133€1.15M€1.16M▲
Profit (loss) carried forward14€47k€47k=
Amounts payable17/49€14.98M€14.62M▼
Amounts payable after more than one year17€9.85M€9.67M▼
Financial debts170/4€9.85M€9.67M▼
Amounts payable within one year42/48€5.13M€4.93M▼
Current portion of amounts payable after more than one year42€350k€333k▼
Financial debts43€3.40M€4.13M▲
Credit institutions430/8€3.40M€4.13M▲
Trade debts44€277k€12k▼
Suppliers440/4€277k€12k▼
Taxes, remuneration and social security45€8k€19k▲
Taxes450/3€3k€15k▲
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€1.09M€445k▼
Accrued charges and deferred income492/3€2k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€40k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€81k▲
Other operating charges640/8€16k€44k▲
Gross operating margin9900€820k€755k▼
Operating profit (loss)9901€684k€591k▼
Financial income75/76B€23€1k▲
Recurring financial income75€23€1k▲
Financial charges65/66B€600k€564k▼
Recurring financial charges65€600k€564k▼
Profit (loss) for the period before taxes9903€85k€29k▼
Income taxes67/77€29k€13k▼
Profit (loss) for the period9904€55k€16k▼
Profit (loss) for the period to be appropriated9905€55k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€63k▼
Profit (loss) brought forward from the previous period14P€47k€47k=
Transfer to equity691/2€55k€16k▼
To other reserves6921€55k€16k▼
Social balance
Average headcount (FTE)90871.00.9▼
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €16k ▼71.4%
Net result drops to €16k, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 4.47
Current ratio from 1.30 to 4.47; short-term debt falls from €14.33M to €3.49M.
30-06
Financial
Equity above €2MEq €2.16M ▲8.5%
5 profitable years in a row build equity to €2.16M.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €333k ▲12.3%
Operating result €814k, net result €333k, both a record.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2012
27-02
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Napoleonkaai 152000 AntwerpenGround area
4,448 m²
Building footprint
473 m²
Volume, LiDAR
9,563 m³
Parcel 11802B0045/00C005, Flanders · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
RETAIL CAPITAL
since 20112.205.457.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0045/00C005 | Flanders | 4,448 m² | 1 · 473 m² | 22.7 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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).
Structure & network
Ownership & control
1 partyRETAIL CAPITALBE 0842.083.427
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 2,556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2011
Fiscal year end30-06
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.