Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The abbreviated format states no turnover.
Lower net result than 95% of companies in retail trade. Sector median €27,487 · 12,827 companies.
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 15% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,639 companies had the same profile as Runner’s lab Asse has now. Each dot stands for 20 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Runner’s lab Asse itself: 3.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Runner’s lab Asse. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.23, below 1. Short-term debt is 128.3% and cash 12.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Runner’s lab Asse Beveren-Kruibeke-Zwijndrecht | €0.6m | €179,278 | -28.3% | 3.8 |
| VOETBALSHOP ANTWERPEN Mortsel | €0.3m | €178,523 | -53.5% | 3.6 |
| JJenZ Bruges | €0.9m | €399,946 | 22.1% | 3.1 |
| Dartshop Madhouse Aalter | €0.4m | €95,523 | -78.2% | 5.2 |
| SemLou Heist-op-den-Berg | €0.4m | €165,578 | 24.3% | 1.9 |
| Camping Cocooning Beerse | €0.8m | €99,118 | -3.5% | 1.6 |
| CYCLE HOME Uccle | €1.1m | €239,804 | 8.0% | 4.9 |
These companies have the same main activity as Runner’s lab Asse: retail sale of other sporting goods (NACE 47639). They are comparable in size and age: total assets between €326,000 and €1.1m, founded between 2021 and 2024.
The computed 12-month bankruptcy probability of Runner’s lab Asse is 3.3% (moderate). The 2025 annual accounts show negative equity (-€174,107) and a net result of -€178,107.
Its solvency ranks better than 8% of 12,838 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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