ROUTE59
The computed 12-month bankruptcy probability of ROUTE59 is 3.5% (moderate). The 2024 annual accounts show equity of €5k and a net result of €-20k. Equity is shrinking by ~122.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 28% of 6698 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5k |
| Net result | €-20k |
| Better than sector | 28% |
| Active | 5 yrs |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 0.7% | 20.4% | |
| Net result | €-20k | €4k | |
| Equity | €5k | €16k | |
| Gross operating margin | €27k | €24k | |
| Staff costs | €27k | €33k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €385k |
| EBITDA | €-869 |
| Net profit | €-20k |
| Cash flow | €-1k |
| Staff costs | €27k |
| Income taxes | - |
| Dividends | - |
| Total assets | €649k |
| Equity | €5k |
| Debt | €645k |
| of which ≤ 1y | €644k |
| of which > 1y | - |
| Working capital | €-26k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.96 |
| Quick ratio | 0.08 |
| Working capital ratio | -4.0% |
| Solvency | 0.7% |
| Debt / equity | 141.39 |
| Long-term debt ratio | - |
| Interest coverage | -3.01 |
| Gross margin | 6.9% |
| Net margin | -5.2% |
| ROA | -3.1% |
| ROE | -437.3% |
| EBITDA margin | -0.2% |
| Days sales outstanding | 6d |
| Days payable outstanding | 75d |
| Inventory turnover | 0.63 |
| Days inventory (DSI) | 578d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €649k |
| Fixed assets | 21/28 | €32k |
| Tangible fixed assets | 22/27 | €31k |
| Financial fixed assets | 28 | €257 |
| Current assets | 29/58 | €618k |
| Stocks & contracts in progress | 3 | €568k |
| Amounts receivable within one year | 40/41 | €6k |
| Cash & bank | 54/58 | €41k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €649k |
| Equity | 10/15 | €5k |
| Contributions / capital | 10/11 | €100k |
| Accumulated profits (losses) | 14 | €-95k |
| Amounts payable | 17/49 | €645k |
| Amounts payable within one year | 42/48 | €644k |
| Trade debts payable within one year | 44 | €73k |
| Income statement | ||
| Turnover | 70 | €385k |
| Gross operating margin | 9900 | €27k |
| Operating result | 9901 | €-19k |
| Financial income | 75 | €3 |
| Financial charges | 65 | €289 |
| Result before taxes | 9903 | €-20k |
| Net result for the period | 9904 | €-20k |
| Result to be appropriated | 9905 | €-20k |
| NACE primary | Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811) |
| Legal form | Private limited company(610) |
| Incorporation | 23-06-2021 |
| Status | Active |
| Postal code | 6532 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56060B0485/00Z000 | Wallonia | 2,570 m² | 1 · 155 m² | 8.2 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
04-12-2025 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"notary": {
"name": "Fran\u00E7oise Mourue",
"firm_city": null,
"firm_name": null,
"office_city": "Merbes-le-Ch\u00E2teau",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-12-04",
"filing_date": "2025-12-02",
"act_kind_objet": "DIVERS"
},
"key_dates": [
{
"date": "2025-11-15",
"label": "date de l\u0027acte"
},
{
"date": "2021-06-23",
"label": "date de constitution"
},
{
"date": "2021-06-25",
"label": "date de publication au Moniteur Belge"
},
{
"date": "2025-12-02",
"label": "date de d\u00E9p\u00F4t"
}
],
"key_parties": [
{
"kbo": "0469.213.843",
"kind": "org",
"name": "WALTEC",
"role": "actionnaire unique"
},
{
"kind": "person",
"name": "Fran\u00E7oise Mourue",
"role": "Notaris"
}
],
"key_amounts_eur": [
{
"label": "somme apport\u00E9e en num\u00E9raire",
"amount": 200000
}
],
"subject_company": {
"kbo": "0770.242.851",
"name_full": "ROUTE59",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e"
},
"publication_proxy": {
"kind": null
},
"summary_narrative": "",
"co_filed_documents": [],
"detected_real_type": "branch_contribution"
}25-06-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "Rue Lieutenant-G\u00E9n\u00E9ral Conreur 30, 6532 Ragnies",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": {
"kbo": "0469.213.843",
"name": "WALTEC"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": "0469.213.843",
"holder_org_name": "WALTEC",
"contribution_type": "cash",
"amount_paid_in_eur": 100000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 1000,
"amount_subscribed_eur": 100000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 100000,
"subject_company": {
"kbo": "0770.242.851",
"name_full": "ROUTE59",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-06-23",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ROUTE59 |