Equity
€5.8m ▲ 1.6%
SCAPA BELGIUM has made a profit in every financial year since 2018.
SCAPA BELGIUM
Lifetime
8 annual accounts with figures on one time axisGross marginpeak €3.3m (2023)
€2.4m▼ 11.9%
Resultpeak €505,238 (2023)
€93,391▼ 62.5%
Equitypeak €5.8m (2025)
€5.8m▲ 1.6%
Debts
€6.6m▼ 1.6%
Staffpeak 26.4 FTE (2022)
19.1 FTE▼ 11.2%
Board2 names since 2018
2 directorsArlette Van Oost and 1 other
Owners2 names in the annual accounts
62.75%M.J.R.
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Result from €249,288 to €93,391Staff from 21.5 FTE to 19.1 FTECash from €77,059 to €12,058
Key points
from the 2025 annual accountsResult
€93,391 ▼ 62.5%
The result fell in 2025: different schema filed.
Turnover
≈ €10.0m estimated
The accounts state no turnover.
Staff
19.1 FTE from 26.4 in 2022
Between 2022 and 2025, 28% of the full-time equivalents disappeared.
Filings
8 annual accounts 1 late
The 2018 accounts came 30 days late. The other seven were filed on time.
Position in the sector
€2.4m
Higher gross margin than 95% of companies in wholesale trade. Sector median €354,893 · 3,318 companies.
Checked score
68
Healthy
Financially stronger than 37% of small companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,376 companies (NACE 46, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.1%▼ -0.1 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.2%▲ +0.1 percentage points vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.7%▼ -0.7 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.7%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.00, cash €12,058, halved
Founded in 2018
lowers risk
Figures for financial year 2025 (filed on 16-07-2026)
Legal form: public limited company
Calculation
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 46, small). It does better than 55% of them on solvency, 27% on liquidity, 23% on profitability and 42% on growth.
The bankruptcy probability was computed on 05-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 1,639 companies had the same profile as SCAPA BELGIUM has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SCAPA BELGIUM itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,639 companies, not a prediction for SCAPA BELGIUM. 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.
Credit verdict
Credit of up to €390,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.0 (1.91 in 2024), above the usual 1.5. Short-term debt is 45% and cash 0.1% of total assets. However, 53.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 days early
2024
28 days early
2023
13 days early
2022
28 days early
2021
17 days early
2020
31 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- M.J.R. 62.75%equity €2.1m (2025) · 2025 annual accounts of M.J.R.
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0712812814
1 director appointed, 2 reappointments
Reappointments: Arlette Van Oost (managing director) and Martine Beyne · Appointment: Martine Beyne (managing director) · Board meeting of 29-06-2024 · Gazette deed
Demerger: M.J.R. splits off to SCAPA BELGIUM
Capital increase of €99,869.91 to €222,637.08 · Capital from €122,767.17 to €222,637.08, 5,253 new shares · General meeting of 26-10-2021 · Gazette deed
Demerger proposal: M.J.R. NV splits off to SCAPA BELGIUM NV
Arlette Van Oost holds 1,000 shares (100%) · Miss Polly NV holds 8,944 shares · Arlette Van Oost holds 56 shares · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| SCAPA BELGIUM Brasschaat | - | - | 46.6% | 19.1 |
| Just Retail Belgium Antwerp | €6.5m | 5.0% | 37.6% | 27.2 |
| BOGGI BELGIUM Ixelles | - | - | 74.4% | 37.5 |
| DENIM PLUS Antwerp | - | - | 37.1% | - |
| DKC Vejle Belgium Antwerp | €11.7m | 3.4% | 89.2% | 10.6 |
| FASHION RACK Brussels | - | - | -16.6% | 21.5 |
| QUARRY BAY Merchtem | - | - | 66.9% | 19.1 |
These companies have the same main activity as SCAPA BELGIUM: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are smaller than SCAPA BELGIUM: total assets between €1.8m and €4.8m, founded between 2015 and 2016.
Official details
Source: KBO- Status
- Active since 05-11-2018Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
- Activity
- Wholesale of clothing, excluding workwear and underwearNACE 46423and 3 others
- Joint committees
- 109Clothing and garment industry
- 215White-collar workers in the clothing and garment industry · annual accounts 2025
- Establishment units
- 2.282.074.2602930 Brasschaat, since 05-11-2018
- 2.282.265.6862000 Antwerp, since 05-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Total assets
- €12.4m▼ 0.1%
- Employeeson 31-12-2025
- 22▼ 4.3%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on SCAPA BELGIUM
SCAPA BELGIUM has existed since 2018. The gross margin grew from €2.0m in 2019 to €2.4m in 2025.
M.J.R. holds 62.75% of the shares. In October 2024, the Official Gazette published the appointment of Arlette Van Oost as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SCAPA BELGIUM
- What is the company number of SCAPA BELGIUM?
- The company number of SCAPA BELGIUM is 0712.812.814. The VAT number is the same number with BE in front: BE 0712.812.814.
- Where is SCAPA BELGIUM based?
- The registered office is at Ruiterijschool 15, 2930 Brasschaat.Company details
- What does SCAPA BELGIUM do?
- According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
- What is the legal form of SCAPA BELGIUM?
- SCAPA BELGIUM is a public limited company (NV).
- When was SCAPA BELGIUM founded?
- SCAPA BELGIUM was founded on 05-11-2018.
- Is SCAPA BELGIUM still active?
- Yes, SCAPA BELGIUM is an active enterprise in the KBO register.
- How many employees does SCAPA BELGIUM have?
- SCAPA BELGIUM had an average of 19.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SCAPA BELGIUM fall under?
- In its 2025 annual accounts, SCAPA BELGIUM states joint committees 109 (Clothing and garment industry) and 215 (White-collar workers in the clothing and garment industry).
- What is the turnover of SCAPA BELGIUM?
- The turnover in financial year 2025 is ≈ €10.0m. This figure is estimated from the gross margin of €2.4m and 98 comparable companies (NACE 46). It probably lies between €6.1m and €17.0m. In financial year 2018 turnover was €8.9m.
- Is SCAPA BELGIUM profitable?
- In financial year 2025, SCAPA BELGIUM made a profit of €93,391.
- Where can I find the annual accounts of SCAPA BELGIUM?
- SCAPA BELGIUM filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SCAPA BELGIUM due?
- SCAPA BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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