Equity
-€92,674
Debts exceed assets in financial year 2025.
SG Retail Mechelen
Lifetime
2 annual accounts with figures on one time axispeak €293,732 (2026)
€293,732▲ €363,728
lowest -€97,674 (2025)
€18,646▲ €116,320
peak -€74,028 (2026)
-€74,028▲ €18,646
€870,513▲ 246%
peak 3.9 FTE (2026)
3.9 FTE▲ 200%
Board4 names since 2024
-
Documentsfilings and deeds
04-11-202626 days before the deadline
2026abbreviated format
Gross margin from -€69,996 to €293,732Back to profit: €18,646Staff from 1.3 FTE to 3.9 FTEEquity from -€92,674 to -€74,028Debts from €251,570 to €870,513Investments €555,465
Key points
from the 2026 annual accountsDebts
€870,513 109% of the balance sheet
After one year 6%Within one year 94%
Of this, €822,304 falls due within a year.
Staff
9 employees on 30-04-2026
In 2026, 13 people joined and 11 left.
Starting capital
€5,000 5,000 shares
At the same address
41 companies
Position in the sector
-€74,028
Less equity than 90% of companies in retail trade. Sector median €209,169 · 697 companies.
Turnover not published (abbreviated format)
Checked score
35
Weak
Financially stronger than 6% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 4.3%lowest value
10-2025: 4.3%● unchanged vs 09-2025lowest value
11-2025: 4.5%▲ +0.2 percentage points vs 10-2025
12-2025: 7.0%▲ +2.5 percentage points vs 11-2025
01-2026: 7.2%▲ +0.2 percentage points vs 12-2025
02-2026: 7.5%▲ +0.3 percentage points vs 01-2026
03-2026: 7.5%● unchanged vs 02-2026
04-2026: 7.7%▲ +0.2 percentage points vs 03-2026
05-2026: 7.9%▲ +0.2 percentage points vs 04-2026
06-2026: 7.9%● unchanged vs 05-2026
07-2026: 7.7%▼ -0.2 percentage points vs 06-2026
08-2026: 8.9%▲ +1.2 percentage points vs 07-2026
09-2026: 9.7%▲ +0.8 percentage points vs 08-2026
10-2026: 9.7%● unchanged vs 09-2026highest value
11-2026: 4.4%▼ -5.3 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€74,028
1 change of registered office in 24 months
Founded in 2024
lowers risk
Figures for financial year 2026 (filed on 06-11-2026)
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 47, micro). It does better than 6% of them on solvency, 5% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 07-11-2026 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 30-04-2026.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 7,639 companies had the same profile as SG Retail Mechelen has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SG Retail Mechelen itself: 4.4% within 12 months.
Test of the method
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 SG Retail Mechelen. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.54, below 1. Short-term debt is 129.4% and cash 2.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2026 was due by 30-11-2026 and was filed on 04-11-2026, 26 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
26 days early
2025
23 days early
← before the deadline
after the deadline →
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-04-2027 and is due by 30-11-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today30-04-2027 year end30-11-2027 deadline
Recent changes
Appointment: Deloitte Bedrijfsrevisoren / Reviseurs d'Entreprises BV (statutory auditor)
General meeting of 14-05-2025 · Gazette deed
Registered office moved within Antwerp
New registered office: Meir 78, bus 27, 2000 Antwerpen · Previous registered office: Quellinstraat 49, 2018 Antwerpen · Board meeting of 28-11-2024 · Gazette deed
New establishment in Antwerp
Meir 78
Incorporation
Founding capital of €5,000, 5,000 shares · Founder: Aarhus Retail B.V. · Appointments: GRENE Mikkel Vaupell (managing director) and GRENE Cresten Vaupell (managing director) · published on 21-08-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SG Retail Mechelen Antwerp | €0.8m | €293,732 | -9.3% | 3.9 |
| CUISIWAN Services Tournai | €0.9m | €370,160 | -2.3% | 5.1 |
| Riverned Home Design Waremme | €0.8m | €332,201 | 20.9% | 4 |
| DEVHO Schelle | €0.9m | €182,576 | 16.2% | 2.2 |
| TCM Home Seraing | €0.8m | €243,588 | 10.1% | 2.4 |
| I.B.B.T. Seraing | €1.0m | €314,078 | 10.7% | 4.3 |
| Eurotan Next Lommel | €0.7m | €305,234 | 30.0% | 2.2 |
These companies have the same main activity as SG Retail Mechelen: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €695,000 and €1m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 19-08-2024Normal situation
- Registered office
- 42 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Retail sale of household furnitureNACE 47551and 1 other
- Joint committee
- 201Independent retail · annual accounts 30-04-2026
- Establishment units
- 2.362.701.8482800 Mechelen, since 19-08-2024
- 2.369.312.2012000 Antwerp, since 01-01-2025
- Financial year end
- 30 April
- Peppol
- Reachable
Annual accounts to 30-04-2025
- €158,895
- Employeeson 30-04-2025
- 7
- Filing
- Annual accounts to 30-04-2026 filed on 04-11-2026, 26 days before the end of the filing period
Insights on SG Retail Mechelen
The balance sheet grew most in 2026 through fixed assets.
Since August 2024, GRENE Cresten Vaupell has been 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 SG Retail Mechelen
- What is the company number of SG Retail Mechelen?
- The company number of SG Retail Mechelen is 1012.564.984. The VAT number is the same number with BE in front: BE 1012.564.984.
- Where is SG Retail Mechelen based?
- The registered office is at Meir 78, 2000 Antwerp.Company details
- What does SG Retail Mechelen do?
- According to the KBO register, the main activity is retail sale of household furniture (NACE 47551).
- What is the legal form of SG Retail Mechelen?
- SG Retail Mechelen is a private limited company (BV).
- When was SG Retail Mechelen founded?
- SG Retail Mechelen was founded on 19-08-2024.
- Is SG Retail Mechelen still active?
- Yes, SG Retail Mechelen is an active enterprise in the KBO register.
- How many employees does SG Retail Mechelen have?
- SG Retail Mechelen had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SG Retail Mechelen fall under?
- In its 30-04-2026 annual accounts, SG Retail Mechelen states joint committee 201 (Independent retail).
- What is the turnover of SG Retail Mechelen?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is SG Retail Mechelen profitable?
- In financial year 2025, SG Retail Mechelen made a loss of €97,674.
- Where can I find the annual accounts of SG Retail Mechelen?
- SG Retail Mechelen filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SG Retail Mechelen due?
- SG Retail Mechelen must file the annual accounts for financial year 2027 by 30-11-2027.Timeline
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