ROUTE59
ActiveSummary
The computed 12-month bankruptcy probability of ROUTE59 is 2.8% (moderate). The annual accounts of ROUTE59 for fiscal year 2025 show a net loss of 552% of the equity at the start of that year. The 2025 annual accounts show equity of €179,370 and a net result of -€25,190. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 10522 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-1
Solvency47▲+21
Growth85▲+13
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.24 against 0.96 in 2024; short-term debt: 78% and cash: 3.8% of total assets), and 78% 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
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 →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €179,370
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
49 d late
2022
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 36 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 1 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
€628,630▲ 63.2%
2024 · €385,120
EBIT margin
-4.0%▲ 1.1pp
2024 · -5.0%
Net result
-€25,190▼ 26.3%
2024 · -€19,944
Working capital
€153,499
2024 · -€26,124
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
Line2022202320242025
Turnover€94,238-€281,291▲ 198%€385,120▲ 36.9%€628,630▲ 63.2%
Operating result-€37,376--€39,252▼ 5.0%-€19,358▲ 50.7%-€24,902▼ 28.6%
Net result-€35,610below the sector's middle half--€39,886below the sector's middle half▼ 12.0%-€19,944below the sector's middle half▲ 50.0%-€25,190below the sector's middle half▼ 26.3%
EBIT margin-39.7%--14.0%▲ 25.7pp-5.0%▲ 8.9pp-4.0%▲ 1.1pp
Equity€64,390within the sector's middle half-€24,504within the sector's middle half▼ 61.9%€4,561within the sector's middle half▼ 81.4%€179,370within the sector's middle half▲ 3,833%
Total assets€374,290above the sector's middle half-€718,201above the sector's middle half▲ 91.9%€649,426above the sector's middle half▼ 9.6%€814,075within the sector's middle half▲ 25.4%
Debt€309,900-€693,697▲ 124%€644,865▼ 7.0%€634,705▼ 1.6%
Working capital€19,138within the sector's middle half--€25,632below the sector's middle half-€26,124below the sector's middle half▼ 1.9%€153,499within the sector's middle half
Solvency17.2%within the sector's middle half-3.4%below the sector's middle half▼ 13.8pp0.7%below the sector's middle half▼ 2.7pp22.0%within the sector's middle half▲ 21.3pp
Current ratio1.06within the sector's middle half-0.96within the sector's middle half▼ 0.100.96within the sector's middle half=1.24within the sector's middle half▲ 0.28
Return on assets (ROA)-9.5%below the sector's middle half--5.6%below the sector's middle half▲ 4.0pp-3.1%within the sector's middle half▲ 2.5pp-3.1%below the sector's middle half=
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 abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Turnover +63% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,902 in 2025 against €19,358 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €814,075
Fixed assets
€25,871 ▼ 18.3%
Current assets
€788,204 ▲ 27.6%
Equity and liabilities €814,075
Equity
€179,370 ▲ 3,833%
Debt
€634,705 ▼ 1.6%
Debt's share of the balance-sheet total falls from 99.3% to 78.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€6,342▼
2024 · -€869
Cash flow
-€6,630▼
2024 · -€1,455
Quick ratio
0.08▲
2024 · 0.08
Debt to equity
3.54
ROE
-14.0%▲
2024 · -437.3%
Interest coverage
-16.35▼
2024 · -3.01
Debt ≤ 1 year
€634,705▼
2024 · €643,903
Staff costs
€29,419▲
2024 · €26,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
1.3%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 748 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €94,238 | €281,291 | €385,120 | €628,630 | ▲ 63.2% |
| Goods, raw materials, services and sundry goods60/61 | €113,296 | €297,171 | €358,600 | €604,933 | ▲ 68.7% |
| Remuneration, social security and pensions62 | - | €9,524 | €26,559 | €29,419 | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,444 | €13,373 | €18,489 | €18,560 | ▲ 0.4% |
| Other operating charges640/8 | €964 | €475 | €830 | €620 | ▼ 25.3% |
| Gross operating margin9900 | -€18,968 | -€15,879 | €26,520 | €23,697 | ▼ 10.6% |
| Operating profit (loss)9901 | -€37,376 | -€39,252 | -€19,358 | -€24,902 | ▼ 28.6% |
| Financial income75/76B | €2,757 | €65 | €3 | €100 | ▲ 3,233% |
| Recurring financial income75 | €2,757 | €65 | €3 | €100 | ▲ 3,233% |
| Financial charges65/66B | €991 | €699 | €589 | €388 | ▼ 34.1% |
| Recurring financial charges65 | €991 | €699 | €289 | €388 | ▲ 34.3% |
| Non-recurring financial charges66B | - | - | €300 | - | - |
| Profit (loss) for the period before taxes9903 | -€35,610 | -€39,886 | -€19,944 | -€25,190 | ▼ 26.3% |
| Profit (loss) for the period9904 | -€35,610 | -€39,886 | -€19,944 | -€25,190 | ▼ 26.3% |
| Profit (loss) for the period to be appropriated9905 | -€35,610 | -€39,886 | -€19,944 | -€25,190 | ▼ 26.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €374,290 | €718,201 | €649,426 | €814,075 | ▲ 25.4% |
| Fixed assets21/28 | €45,253 | €50,136 | €31,647 | €25,871 | ▼ 18.3% |
| Tangible fixed assets22/27 | €45,253 | €49,879 | €31,390 | €25,614 | ▼ 18.4% |
| Land and buildings22 | - | - | - | €8,500 | - |
| Plant, machinery and equipment23 | €3,120 | €2,520 | €1,920 | €2,647 | ▲ 37.9% |
| Furniture and vehicles24 | €41,806 | €47,114 | €29,306 | €14,384 | ▼ 50.9% |
| Other tangible fixed assets26 | €327 | €246 | €164 | €83 | ▼ 49.4% |
| Financial fixed assets28 | - | €257 | €257 | €257 | = |
| Current assets29/58 | €329,037 | €668,065 | €617,779 | €788,204 | ▲ 27.6% |
| Stocks and contracts in progress3 | €303,230 | €553,295 | €568,030 | €736,177 | ▲ 29.6% |
| Stocks30/36 | €303,230 | €553,295 | €568,030 | €736,177 | ▲ 29.6% |
| Amounts receivable within one year40/41 | €15,682 | €65,403 | €6,322 | €18,062 | ▲ 186% |
| Trade receivables40 | €5,588 | €55,872 | €6,322 | €18,062 | ▲ 186% |
| Other amounts receivable41 | €10,094 | €9,530 | - | - | - |
| Cash at bank and in hand54/58 | €7,866 | €46,850 | €40,629 | €31,099 | ▼ 23.5% |
| Deferred charges and accrued income490/1 | €2,260 | €2,518 | €2,798 | €2,866 | ▲ 2.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €374,290 | €718,201 | €649,426 | €814,075 | ▲ 25.4% |
| Equity10/15 | €64,390 | €24,504 | €4,561 | €179,370 | ▲ 3,833% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €300,000 | ▲ 200% |
| Capital10 | - | - | €100,000 | €300,000 | ▲ 200% |
| Issued capital100 | - | - | €100,000 | €300,000 | ▲ 200% |
| Profit (loss) carried forward14 | -€35,610 | -€75,496 | -€95,439 | -€120,630 | ▼ 26.4% |
| Amounts payable17/49 | €309,900 | €693,697 | €644,865 | €634,705 | ▼ 1.6% |
| Amounts payable within one year42/48 | €309,900 | €693,697 | €643,903 | €634,705 | ▼ 1.4% |
| Financial debts43 | - | - | - | €49 | - |
| Credit institutions430/8 | - | - | - | €49 | - |
| Trade debts44 | €111,241 | €188,532 | €73,230 | €35,942 | ▼ 50.9% |
| Suppliers440/4 | €111,241 | €188,532 | €73,230 | €35,942 | ▼ 50.9% |
| Advances received on contracts in progress46 | - | - | - | €12,601 | - |
| Taxes, remuneration and social security45 | - | €1,020 | €4,691 | €13,772 | ▲ 194% |
| Taxes450/3 | - | - | €1,872 | €11,102 | ▲ 493% |
| Remuneration and social security454/9 | - | €1,020 | €2,819 | €2,670 | ▼ 5.3% |
| Other amounts payable47/48 | €198,659 | €504,144 | €565,982 | €572,341 | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | - | €962 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,610 | -€39,886 | -€19,944 | -€25,190 | ▼ 26.3% |
| + Depreciation and write-downs630 | €17,444 | €13,373 | €18,489 | €18,560 | ▲ 0.4% |
| Operating cash flow (approximation) | -€18,166 | -€26,513 | -€1,455 | -€6,630 | ▼ 356% |
| Investment in fixed assets (approximation) | - | -€18,257 | €0 | -€12,784 | ▼ 9,131,529% |
| Change in cash | - | €38,984 | -€6,221 | -€9,530 | ▼ 53.2% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €150,000Eq €179,370 ▲3,833%
Equity rises from €4,561 to €179,370.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Weakest financial yearnet -€39,886
Net result drops to -€39,886, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Thuin · 2 establishment units since 2021
Ground area
2,570 m²
Building footprint
155 m²
Volume, LiDAR
916 m³
Parcel 56060B0485/00Z000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Route59
since 20212.319.052.838
Route59
since 20222.348.306.355
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56060B0485/00Z000 | Wallonia | 2,570 m² | 1 · 155 m² | 8.2 m · 2 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.
Similar companies · same sector, comparable size
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PAKALOLO
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CAR SERVICE VANNESTE R.
BE 0454.663.051
Antwerpen · Eq €179,979
Of 10,662 companies in sector 47811 we hold annual accounts for 5,227. 3,725 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
Founded23-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770242851
Also
9925:BE0770242851
Registered
04-12-2025
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.