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Scabal Brussels

Active
Public limited companyfounded 197947 yrs activeWaterloolaan 32, 1000 Brussel, BelgiumKBO/BCE: BE 0419.428.889
Summary

The computed 12-month bankruptcy probability of Scabal Brussels is 6.3% (elevated). The 2025 annual accounts show negative equity (-€658,462) and a net result of -€118,055. Equity is shrinking by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 4652 sector peers (fiscal year 2025). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Scabal BrusselsActiveChecked score 34/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716Retail trade NACE 47712NACE 52422
1 site
Size
€785,317turnover 2025
Staff
3.8 FTE
Equity
-€658,462
Loss
-€118,055
Financial health
34 Weak Checked score 2025
Bankruptcy chance 12 m
6.3%
Structure
Parent
Scabal
Board
2 members
Accounts 64 d early1 of 8 deeds read
Why 34- Negative equity -€658,462- Loss of €118,055 (FY 2025)- Founded in 1979- Sector Retail trade (NACE 47)Show the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 18% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -100.7% of total assets
Liquidity 18-7
short-term debt 70.1% · cash 4.7%
Profitability 0-60
return on assets -18.1%
Bankruptcy probability, 12 months
6.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,919 companies)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● 0.0% vs 11-2024 01-2025: 1.9%● 0.0% vs 12-2024 02-2025: 1.9%● 0.0% vs 01-2025 03-2025: 2.0%▲ +7.3% vs 02-2025 04-2025: 2.4%▲ +20.0% vs 03-2025 05-2025: 2.5%▲ +0.5% vs 04-2025 06-2025: 2.4%▼ -0.7% vs 05-2025 07-2025: 1.3%▼ -44.6% vs 06-2025lowest value 08-2025: 1.3%● 0.0% vs 07-2025lowest value 09-2025: 1.3%● 0.0% vs 08-2025lowest value 10-2025: 1.3%● 0.0% vs 09-2025lowest value 11-2025: 1.3%● 0.0% vs 10-2025lowest value 12-2025: 1.3%● 0.0% vs 11-2025lowest value 01-2026: 1.3%● 0.0% vs 12-2025lowest value 02-2026: 1.3%● 0.0% vs 01-2026lowest value 03-2026: 1.3%● 0.0% vs 02-2026lowest value 04-2026: 1.4%▲ +0.2% vs 03-2026 05-2026: 1.4%▲ +0.6% vs 04-2026 06-2026: 6.3%▲ +360% vs 05-2026highest value 07-2026: 6.3%● 0.0% vs 06-2026highest value 08-2026: 6.3%● 0.0% vs 07-2026highest value 09-2026: 6.3%● 0.0% vs 08-2026highest value 10-2026: 6.3%● 0.0% vs 09-2026highest value
  • Negative equity -€658,462 raises the probability
  • Loss of €118,055 (FY 2025) raises the probability
  • Founded in 1979 raises the probability for this profile
  • Sector Retail trade (NACE 47) raises the probability
No credit on open account
Liquidity tight (current ratio 1.34 against 1.3 in 2024; short-term debt: 70.1% and cash: 4.7% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 17%, profitability 6%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity -€658,462
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €118,055 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 1979
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192022232425
2018 to 2025 · latest year -€658,462
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 d early
2024
55 d early
2023
44 d early
2022
52 d early
2021
27 d early
2020
22 d early
2019
126 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before 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 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Permanent representative: Stefano RiveraReappointments: Gregor Thissen (director) and…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€658,462 View
  • Caution: From profit to loss in 2025after €15,495 in 2024 -€118,055 View
  • Caution: Among the weakest 5% on solvencysector median 36.1% · 4,652 companies -100.7% View
  • Controlled by Scabal parent View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Active since 1979founded 17-04-1979 47 years View

By topic

Financials

Fiscal year
2025
Turnover
€785,317
Loss
-€118,055
Solvency
-100.7%
Turnover▲ 10.5%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 20-08-2026Permanent representative: Stefano Rivera
  2. 28-05-2026Annual accounts filed
  3. 06-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of clothing and accessories for women…NACE 47716
Founded
17-04-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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