SHOES & C°
ActiveSHOES & C° has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €24k. Equity is growing by ~83.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
76
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-47
Solvency76▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 2.1 in 2024), but 61.8% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.2%
Return on assets
4.1%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
11 d late
2023
5 d late
2022
6 d late
2021
24 d late
2020
24 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€221k▲ 11.9%
2024 · €197k
2019: €10k
2020: €11k
2021: €14k
2022: €73k
2023: €141k
2024: €197k
2019 → 2025
Total assets
€578k▲ 18.8%
2024 · €486k
2019: €676k
2020: €704k
2021: €614k
2022: €462k
2023: €517k
2024: €486k
2019 → 2025
Net result
€24k▼ 58.1%
2024 · €56k
2019: €116
2020: €464
2021: €3k
2022: €59k
2023: €68k
2024: €56k
2019 → 2025
Working capital
€205k▲ 5.1%
2024 · €196k
2019: €41k
2020: €34k
2021: €1k
2022: €28k
2023: €57k
2024: €196k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€73k▲ 426%€141k▲ 92.3%€197k▲ 39.9%€221k▲ 11.9%
Operating result€-4k-€52k€57k▲ 10.5%€24k▼ 57.9%€30k▲ 23.9%
Net result€3k-€59k▲ 1,736%€68k▲ 14.0%€56k▼ 16.8%€24k▼ 58.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €578k
Fixed assets
€100k▼ 10.7%
Current assets
€478k▲ 27.7%
Equity and liabilities €578k
Equity
€221k▲ 11.9%
Debt
€357k▲ 23.5%
The debt ratio rises from 59.5% to 61.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€49k▲
2024 · €45k
Cash flow
€42k▼
2024 · €77k
Solvency
38.2%▼
2024 · 40.5%
Current ratio
1.76▼
2024 · 2.10
Quick ratio
0.64▲
2024 · 0.14
Debt / equity
1.62▲
2024 · 1.47
ROE
10.7%▼
2024 · 28.5%
ROA
4.1%▼
2024 · 11.6%
Interest coverage
2.96▼
2024 · 3.80
Debt
€357k▲
2024 · €289k
Debt ≤ 1 year
€272k▲
2024 · €179k
Debt > 1 year
€84k▼
2024 · €110k
Income taxes
€9k▼
2024 · €18k
Staff costs
€145k▼
2024 · €154k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€486k€578k▲
Fixed assets21/28€112k€100k▼
Tangible fixed assets22/27€112k€100k▼
Plant, machinery and equipment23€7k€5k▼
Other tangible fixed assets26€105k€95k▼
Financial fixed assets28€410€410=
Current assets29/58€374k€478k▲
Stocks and contracts in progress3€348k€304k▼
Stocks30/36€348k€304k▼
Amounts receivable within one year40/41€3k€140k▲
Trade receivables40€782€8k▲
Other amounts receivable41€2k€132k▲
Cash at bank and in hand54/58€23k€33k▲
Deferred charges and accrued income490/1€112-
Equity and liabilities
Total equity and liabilities10/49€486k€578k▲
Equity10/15€197k€221k▲
Contributions10/11€169k€169k=
Reserves13€28k€52k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€47€47=
Distributable reserves133€26k€49k▲
Amounts payable17/49€289k€357k▲
Amounts payable after more than one year17€110k€84k▼
Financial debts170/4€110k€84k▼
Amounts payable within one year42/48€179k€272k▲
Current portion of amounts payable after more than one year42€25k€26k▲
Financial debts43€40k€150k▲
Credit institutions430/8€40k€150k▲
Trade debts44€54k€25k▼
Suppliers440/4€54k€25k▼
Taxes, remuneration and social security45€58k€71k▲
Taxes450/3€20k€42k▲
Remuneration and social security454/9€38k€29k▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€446€732▲
Income statement
Code20242025
Remuneration, social security and pensions62€154k€145k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€19k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€26k€45k▲
Other operating charges640/8€585€141▼
Gross operating margin9900€227k€239k▲
Operating profit (loss)9901€24k€30k▲
Financial income75/76B€62k€19k▼
Recurring financial income75€62k€19k▼
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€74k€33k▼
Income taxes67/77€18k€9k▼
Profit (loss) for the period9904€56k€24k▼
Profit (loss) for the period to be appropriated9905€56k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€24k▲
Profit (loss) brought forward from the previous period14P€-44k-
Transfer to equity691/2€12k€24k▲
To other reserves6921€12k€24k▲
Social balance
Average headcount (FTE)90872.92.8▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
30-06
Financial
Equity above €200kEq €221k ▲11.9%
7 profitable years in a row build equity to €221k.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
30-06
Financial
Equity above €150kEq €197k ▲39.9%
6 profitable years in a row build equity to €197k.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
30-06
Financial
Highest result since 2019net €68k ▲14%
Operating result €57k, net result €68k, both a record.
30-06
Financial
Equity above €100kEq €141k ▲92.3%
5 profitable years in a row build equity to €141k.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 6 days late
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-12-2023
Resigned as Director
Location & real-estate footprint
Registered office, Ninove · 3 establishment units since 2006
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.
Albertlaan 1329400 NinoveGround area
901 m²
Building footprint
800 m²
Volume, LiDAR
2,757 m³
Parcel 41055A1470/00F002, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
3 establishment units
SHOES & C°
since 20062.157.052.049
Albertlaan 132, 9400 Ninove
since 20152.241.457.885
RELAQS
since 20162.258.936.097
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055A1470/00F002 | Flanders | 901 m² | 1 · 800 m² | 8.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Putte · Eq €221k
FRESHNESS
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SCHOEN- EN SPORTMODE VAN HERREWEGHE
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FREEDOM Y.D.
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Lasne · Eq €228k
Of 200 companies in sector 46425 we hold annual accounts for 136. 105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-10-2006
Fiscal year end30-06
Activities, NACEBEL
46425Wholesale trade
47721Retail sale of footwear
46498Wholesale trade
47722Retail trade
69202Legal and accounting activities
69209Other tax advisory services
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.