Equity
-€49,406
Debts exceed assets in financial year 2025.
Sneaker Plus
Lifetime
6 annual accounts with figures on one time axispeak €4,106 (2020)
-€5,728▼ €5,456
lowest -€24,708 (2022)
-€8,742▼ €6,515
peak €5,731 (2020)
-€49,406▼ €8,742
€87,225▲ 87.9%
Board6 names since 2019
3 directors21 MANAGEMENT PLUS and 2 others
Owners
100%BRANDSPLUS GROUP
Documentsfilings and deeds
03-07-202628 days before the deadline
2025abbreviated format
Gross margin from -€272 to -€5,728Loss of €8,742Equity from -€40,664 to -€49,406Debts from €46,432 to €87,225Cash from €1,631 to €5,082
Key points
from the 2025 annual accountsLosses
-€55,137 in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€87,225 231% of the balance sheet
Suppliers 1%Taxes and wages 0%Other 99%
Of this, €87,146 falls due within a year.
Investments
€9,125 36.0 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 28 to 122 days before the end of the period.
Position in the sector
-130.6%
Lower solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,901 companies.
Turnover not published (abbreviated format)
Checked score
52
Fair
Financially stronger than 12% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.0%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 1.0%● unchanged vs 01-2025lowest value
03-2025: 1.1%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 2.0%● unchanged vs 08-2026highest value
10-2026: 1.9%▼ -0.1 percentage points vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€49,406
Loss of €8,742, the second in a row (financial year 2025)
2 establishment units
lowers risk
Size: total assets €37,818
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, micro). It does better than 6% of them on solvency, 16% on liquidity, 6% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 6,008 companies had the same profile as Sneaker Plus has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sneaker Plus itself: 1.9% 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 6,008 companies, not a prediction for Sneaker Plus. 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 0.33 (0.12 in 2024), below 1. Short-term debt is 230.4% and cash 13.4% 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€49,406
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 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 days early
2024
41 days early
2023
42 days early
2022
32 days early
2021
122 days early
2020
60 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 54 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 20 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
GB
GDR BRANDS SA
Director, Gaetan Grieco, since 31-03-2022
- BRANDSPLUS GROUP 100%equity €2.0m (2025) · 2025 annual accounts of BRANDSPLUS GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733542011
New establishment in Schoten
Metropoolstraat 9D
Company renamed from NIANN to Sneaker Plus
Registered office moved from Dendermonde to Antwerp · New registered office: Napoleonkaai 11, 2000 Antwerpen · Previous registered office: Wissenstraat 1, 9200 Dendermonde · General meeting of 28-10-2022 · Gazette deed
2 directors appointed, 1 resignation
Resignation: PLUS GCW · Permanent representatives: Pattyn, Gaetan Grieco and Raimo Mark Diehl · Appointments: GDR BRANDS SA and RMD AGENCIES BV · General meeting of 31-03-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sneaker Plus Antwerp | €37,818 | -€5,728 | -130.6% | - |
| FITTING ROOM INT. Dilbeek | €42,154 | €1,281 | 57.8% | - |
| KUNOKA DISTRIBUTION Ghent | €20,060 | -€3,481 | -392.8% | - |
| VWS Herentals | €109,483 | €4,441 | 96.3% | - |
| Sneaking Belgium Herentals | €92,856 | €3,712 | 11.8% | - |
| STRELCO Nivelles | €92,541 | €3,925 | 3.6% | - |
| Nuoceans Auderghem | €138,822 | -€23,966 | -19.4% | - |
These companies have the same main activity as Sneaker Plus: wholesale trade (NACE 46425). They are comparable in size and age: total assets between €20,100 and €139,000, founded between 2017 and 2023.
Official details
Source: KBO- Status
- Active since 30-08-2019Normal situation
- Activity
- Wholesale tradeNACE 46425and 4 others
- Establishment units
- 2.292.786.9212000 Antwerp, since 30-08-2019
- 2.357.018.6382900 Schoten, since 01-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- €37,818▲ 556%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on Sneaker Plus
Sneaker Plus files the abbreviated format. That format states no turnover. The gross margin fell from €4,106 in 2020 to -€5,728 in 2025.
BRANDSPLUS GROUP holds all the shares.
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 Sneaker Plus
- What is the company number of Sneaker Plus?
- The company number of Sneaker Plus is 0733.542.011. The VAT number is the same number with BE in front: BE 0733.542.011.
- Where is Sneaker Plus based?
- The registered office is at Napoleonkaai 11, 2000 Antwerp.Company details
- What does Sneaker Plus do?
- According to the KBO register, the main activity is wholesale trade (NACE 46425).
- What is the legal form of Sneaker Plus?
- Sneaker Plus is a private limited company (BV).
- When was Sneaker Plus founded?
- Sneaker Plus was founded on 30-08-2019.
- Is Sneaker Plus still active?
- Yes, Sneaker Plus is an active enterprise in the KBO register.
- What is the turnover of Sneaker Plus?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Sneaker Plus profitable?
- In financial year 2025, Sneaker Plus made a loss of €8,742.
- Where can I find the annual accounts of Sneaker Plus?
- Sneaker Plus filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Sneaker Plus due?
- Sneaker Plus must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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