ROYAL CONCEPT

Active

Private limited companyfounded 199134 yrs activeRue de Jumet 136, 6044 Charleroi, BelgiumKBO/BCE: BE 0445.665.411

The computed 12-month bankruptcy probability of ROYAL CONCEPT is 3.3% (moderate). The 2024 annual accounts show negative equity (€-25k) and a net result of €-13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18942 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

23 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-7

Solvency0=

Growth32=

Track record100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2024

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-25k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-03-2026, 223 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

223 d late

2023

26 d late

2022

80 d late

2021

59 d late

2020

62 d late

2019

54 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€-25k▼ 120%

2023 · €-11k

2018: €6k 2019: €6k 2020: €2k 2021: €-10k 2022: €-10k 2023: €-11k

2018 → 2024

Total assets

€5k▼ 63.6%

2023 · €12k

2018: €7k 2019: €8k 2020: €10k 2021: €10k 2022: €3k 2023: €12k

2018 → 2024

Net result

€-13k▼ 846%

2023 · €-1k

2018: €2k 2019: €146 2020: €-4k 2021: €-12k 2022: €7 2023: €-1k

2018 → 2024

Working capital

€-26k▼ 86.0%

2023 · €-14k

2018: €6k 2019: €6k 2020: €2k 2021: €-10k 2022: €-10k 2023: €-14k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€2k-€-10k€-10k▲ 0.1%€-11k▼ 14.5%€-25k▼ 120%

Operating result€-4k-€-11k▼ 172%€1k€-501€-13k▼ 2,443%

Net result€-4k-€-12k▼ 166%€7€-1k€-13k▼ 846%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €13k in 2024 against €501 in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5k

37.6%

62.4%

Fixed assets €2k▼ 42.2%

Current assets €3k▼ 70.2%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-11k▼

2023 · €323

Cash flow

€-12k▼

2023 · €-600

Interest coverage

-15.73▼

2023 · 0.35

Debt

€29k▲

2023 · €24k

Debt ≤ 1 year

€29k▲

2023 · €24k

Staff costs

€207

Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€12k€5k▼

Fixed assets21/28€3k€2k▼

Tangible fixed assets22/27€3k€2k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€9k€3k▼

Amounts receivable within one year40/41€6k€1k▼

Trade receivables40€6k-

Other amounts receivable41-€1k

Cash at bank and in hand54/58€2k€1k▼

Deferred charges and accrued income490/1€1k€487▼

Equity and liabilities

Total equity and liabilities10/49€12k€5k▼

Equity10/15€-11k€-25k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-32k€-45k▼

Amounts payable17/49€24k€29k▲

Amounts payable within one year42/48€24k€29k▲

Trade debts44€5k€225▼

Suppliers440/4€5k€225▼

Advances received on contracts in progress46€2k-

Taxes, remuneration and social security45€419-

Taxes450/3€419-

Other amounts payable47/48€16k€29k▲

Income statement Code20232024

Remuneration, social security and pensions62-€207

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€825€1k▲

Other operating charges640/8€663€159▼

Gross operating margin9900€987€-11k▼

Operating profit (loss)9901€-501€-13k▼

Financial income75/76B€1-

Recurring financial income75€1-

Financial charges65/66B€924€731▼

Recurring financial charges65€924€731▼

Profit (loss) for the period before taxes9903€-1k€-13k▼

Profit (loss) for the period9904€-1k€-13k▼

Profit (loss) for the period to be appropriated9905€-1k€-13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-32k€-45k▼

Profit (loss) brought forward from the previous period14P€-30k€-32k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2026

11-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 223 days late

2024

31-12

Financial Weakest financial yearnet €-13k

Net result drops to €-13k, the lowest in the series.

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

19-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 80 days late

2022

31-12

Financial Back to profitnet €7

Net result €7 after 2 loss-making years.

28-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 59 days late

2021

01-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 62 days late

2020

23-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 54 days late

2019

29-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

30-01

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 183 days late

2016

08-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 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, Charleroi · 1 establishment unit since 1992

establishment The establishment unit on the map

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.

Rue de Jumet 1366044 Charleroi

Ground area

392 m²

Building footprint

120 m²

Volume, LiDAR

1,447 m³