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SLAETS

Active
Public limited companyfounded 196065 years activeJezusstraat 6, 2000 Antwerpen, BelgiumKBO/BCE: BE 0404.989.054
Summary

SLAETS has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.3m and a net result of €431,873. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 80% of 6,550 sector peers (NACE 47, fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Retail sale of watches and jewellery
NACE 47770
2 sites
Size
€13.9mturnover 2024
Staff
17.2 FTE
Equity
€7.3m
Profit
€431,873
Financial health
68 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Parent
Slaets Groep · 99.98%
Accounts 69 days overdue0 of 11 deeds read
Why 68- Figures for FY 2024 (filed 02-09-2025)- Liquidity: current ratio 3.18, cash €168,994+ Founded in 1960+ Equity €7.3m (63.1% of total assets)Show the evidence

Checked score

Score 2024
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 56% of its sector peers (NACE 47, small)
Financial strength · tick = 2023
Strong
Solvency 88+8
equity 63.1% of total assets
Liquidity 43=
short-term debt 23.4% · cash 1.5%
Profitability 67-6
return on assets 3.7%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,685 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.5%▲ +0.1 percentage points vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.7%▲ +0.1 percentage points vs 07-2025 09-2025: 0.9%▲ +0.2 percentage points vs 08-2025 10-2025: 0.4%▼ -0.5 percentage points vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.9%▼ -0.1 percentage points vs 09-2026
Credit up to €490,000 at 30 days acceptable
Liquidity ample (current ratio 3.18 against 2.71 in 2023; short-term debt: 23.4% and cash: 1.5% of total assets), and 36.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 83% on solvency, 50% on liquidity, 50% on profitability and 41% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 02-09-2025)
NBB · annual accounts
lowers risk · Founded in 1960
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €7.3m (63.1% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 3.18, cash €168,994
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings
Deviation from the deadline
2025
not confirmed
2024
29 days late
2023
21 days early
2022
29 days late
2021
31 days late
2020
55 days late
2019
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Positive: Among the best 5% on equitysector median €300,599 · 6,552 companies €7.3m View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Caution: Result fell in 2024from €799,460 to €431,873 ▼ 46.0% View
  • Controlled by Slaets Groep 99.98% View
  • Positive: 7 profitable years in a rowprofit 2024: €431,873 7 years View
  • Active since 1960founded 13-12-1960 65 years View

By topic

Financials

Fiscal year
2024
Turnover
€13.9m
Profit
€431,873
Solvency
63.1%
Turnover▼ 7.2%
Net result
20232024
Go to Financials

Timeline

Events
13
Since
2016
  1. 31-12-2022Highest result since 2018
  2. 31-08-2022Annual accounts filed
  3. 31-12-2021Equity above €5m
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Retail sale of watches and jewelleryNACE 47770
Founded
13-12-1960
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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