SO STYLE
ActiveSummary
The computed 12-month bankruptcy probability of SO STYLE is 2.1% (moderate). The 2024 annual accounts show equity of €170,949 and a net result of -€34,495. Equity is growing by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 26043 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability8▼-63
Solvency67▼-31
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.81 against 4.27 in 2023; short-term debt: 50.8% and cash: 0.1% of total assets), but 57.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.3%
Return on assets
-8.5%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
110 d late
2023
134 d late
2022
193 d late
2021
178 d late
2020
118 d late
2019
91 d 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 137 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)
History
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Financials · fiscal year 2024, micro schema
Equity
€170,949▼ 16.5%
2023 · €204,653
Total assets
€404,377▲ 45.0%
2023 · €278,812
Net result
-€34,495
2023 · €5,576
Working capital
€165,516▼ 18.5%
2023 · €203,083
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,038▼ 65.4%€30,717▲ 9.6%€41,051▲ 33.6%€7,599▼ 81.5%-€25,525
Net result€26,124above the sector's middle half▼ 67.3%€30,186above the sector's middle half▲ 15.5%€33,653above the sector's middle half▲ 11.5%€5,576within the sector's middle half▼ 83.4%-€34,495below the sector's middle half
Equity€61,457within the sector's middle half▲ 73.9%€93,944within the sector's middle half▲ 52.9%€195,277above the sector's middle half▲ 108%€204,653above the sector's middle half▲ 4.8%€170,949above the sector's middle half▼ 16.5%
Total assets€206,279within the sector's middle half▼ 6.0%€192,554within the sector's middle half▼ 6.7%€330,104above the sector's middle half▲ 71.4%€278,812within the sector's middle half▼ 15.5%€404,377above the sector's middle half▲ 45.0%
Debt€144,821▼ 21.3%€98,610▼ 31.9%€134,827▲ 36.7%€74,159▼ 45.0%€233,429▲ 215%
Working capital€61,457within the sector's middle half▲ 73.9%€90,050above the sector's middle half▲ 46.5%€192,545above the sector's middle half▲ 114%€203,083above the sector's middle half▲ 5.5%€165,516above the sector's middle half▼ 18.5%
Solvency29.8%within the sector's middle half▲ 13.7pp48.8%within the sector's middle half▲ 19.0pp59.2%within the sector's middle half▲ 10.4pp73.4%above the sector's middle half▲ 14.2pp42.3%within the sector's middle half▼ 31.1pp
Current ratio1.42within the sector's middle half▲ 0.232.16within the sector's middle half▲ 0.742.63within the sector's middle half▲ 0.464.27above the sector's middle half▲ 1.641.81within the sector's middle half▼ 2.46
Return on assets (ROA)12.7%within the sector's middle half▼ 23.8pp15.7%above the sector's middle half▲ 3.0pp10.2%within the sector's middle half▼ 5.5pp2.0%within the sector's middle half▼ 8.2pp-8.5%below the sector's middle half▼ 10.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €25,525 after €7,599 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €404,377
Fixed assets
€33,307 ▲ 145%
Current assets
€371,070 ▲ 39.9%
Equity and liabilities €404,377
Equity
€170,949 ▼ 16.5%
Debt
€233,429 ▲ 215%
Debt's share of the balance-sheet total rises from 26.6% to 57.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€12,565▼
2023 · €13,407
Cash flow
-€21,535▼
2023 · €11,384
Quick ratio
0.45▼
2023 · 0.52
Debt to equity
1.37▲
2023 · 0.36
ROE
-20.2%▼
2023 · 2.7%
Interest coverage
-109.71▼
2023 · 21.34
Debt ≤ 1 year
€205,553▲
2023 · €62,156
Debt > 1 year
€27,875▲
2023 · €12,003
Income taxes
€8,856▲
2023 · €1,394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,814 | €19,712 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,850 | €5,808 | €5,808 | €12,960 | ▲ 123% |
| Other operating charges640/8 | - | €1,272 | €3,899 | €924 | €5,881 | ▲ 537% |
| Gross operating margin9900 | €37,702 | €39,652 | €70,470 | €14,330 | -€6,684 | ▼ 147% |
| Operating profit (loss)9901 | €28,038 | €30,717 | €41,051 | €7,599 | -€25,525 | ▼ 436% |
| Financial income75/76B | - | €119 | - | - | - | - |
| Recurring financial income75 | - | €119 | - | - | - | - |
| Financial charges65/66B | - | €650 | €196 | €628 | €115 | ▼ 81.8% |
| Recurring financial charges65 | €1,913 | €650 | €196 | €628 | €115 | ▼ 81.8% |
| Profit (loss) for the period before taxes9903 | €26,124 | €30,186 | €40,855 | €6,971 | -€25,639 | ▼ 468% |
| Income taxes67/77 | - | - | €7,202 | €1,394 | €8,856 | ▲ 535% |
| Profit (loss) for the period9904 | €26,124 | €30,186 | €33,653 | €5,576 | -€34,495 | ▼ 719% |
| Profit (loss) for the period to be appropriated9905 | €26,124 | €30,186 | €33,653 | €5,576 | -€34,495 | ▼ 719% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206,279 | €192,554 | €330,104 | €278,812 | €404,377 | ▲ 45.0% |
| Fixed assets21/28 | - | €25,189 | €19,381 | €13,573 | €33,307 | ▲ 145% |
| Tangible fixed assets22/27 | - | €25,189 | €19,381 | €13,573 | €33,307 | ▲ 145% |
| Plant, machinery and equipment23 | - | - | - | - | €2,044 | - |
| Leasing and similar rights25 | - | €25,189 | €19,381 | €13,573 | €31,264 | ▲ 130% |
| Current assets29/58 | €206,279 | €167,365 | €310,723 | €265,239 | €371,070 | ▲ 39.9% |
| Stocks and contracts in progress3 | €121,088 | €137,031 | €239,115 | €232,962 | €279,295 | ▲ 19.9% |
| Stocks30/36 | - | €137,031 | €239,115 | €232,962 | €279,295 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €82,500 | €28,229 | €69,482 | €20,901 | €91,447 | ▲ 338% |
| Trade receivables40 | - | €19,182 | €66,632 | €18,277 | €91,447 | ▲ 400% |
| Other amounts receivable41 | - | €9,047 | €2,850 | €2,623 | - | - |
| Cash at bank and in hand54/58 | €2,690 | €2,106 | €2,126 | €11,376 | €328 | ▼ 97.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206,279 | €192,554 | €330,104 | €278,812 | €404,377 | ▲ 45.0% |
| Equity10/15 | €61,457 | €93,944 | €195,277 | €204,653 | €170,949 | ▼ 16.5% |
| Contributions10/11 | - | €14,730 | €25,410 | €29,210 | €30,000 | ▲ 2.7% |
| Outside capital11 | - | €14,730 | €25,410 | €29,210 | - | - |
| Other1109/19 | - | €14,730 | €25,410 | €29,210 | - | - |
| Reserves13 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €46,027 | €76,214 | €166,867 | €172,443 | €137,949 | ▼ 20.0% |
| Amounts payable17/49 | €144,821 | €98,610 | €134,827 | €74,159 | €233,429 | ▲ 215% |
| Amounts payable after more than one year17 | - | €21,295 | €16,649 | €12,003 | €27,875 | ▲ 132% |
| Financial debts170/4 | - | €21,295 | €16,649 | €12,003 | €27,875 | ▲ 132% |
| Amounts payable within one year42/48 | €144,821 | €77,315 | €118,178 | €62,156 | €205,553 | ▲ 231% |
| Current portion of amounts payable after more than one year42 | - | €4,646 | €4,646 | €1,454 | €10,118 | ▲ 596% |
| Financial debts43 | - | €454 | - | - | - | - |
| Credit institutions430/8 | - | €454 | - | - | - | - |
| Trade debts44 | €23,861 | €21,366 | €66,426 | €53,779 | €137,382 | ▲ 155% |
| Suppliers440/4 | - | €21,366 | €66,426 | €53,779 | €137,382 | ▲ 155% |
| Taxes, remuneration and social security45 | - | €1,178 | €35,914 | €6,923 | €18,163 | ▲ 162% |
| Taxes450/3 | - | €688 | €12,420 | €6,923 | €8,786 | ▲ 26.9% |
| Remuneration and social security454/9 | - | €490 | €23,493 | - | €9,377 | - |
| Other amounts payable47/48 | - | €49,670 | €11,193 | - | €39,891 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,124 | €30,186 | €33,653 | €5,576 | -€34,495 | ▼ 719% |
| + Depreciation and write-downs630 | - | €3,850 | €5,808 | €5,808 | €12,960 | ▲ 123% |
| Operating cash flow (approximation) | €26,124 | €34,037 | €39,461 | €11,384 | -€21,535 | ▼ 289% |
| Investment in fixed assets (approximation) | - | - | -€0 | -€0 | -€32,694 | ▼ 54,489,433% |
| Change in cash | - | -€585 | €20 | €9,250 | -€11,048 | ▼ 219% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
31-12
Financial
Weakest financial yearnet -€34,495
Net result drops to -€34,495, the lowest in the series.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 193 days late
2023
31-12
Financial
Equity above €200,000Eq €204,653 ▲4.8%
5 profitable years in a row build equity to €204,653.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 178 days late
2022
31-12
Financial
Equity above €150,000Eq €195,277 ▲108%
4 profitable years in a row build equity to €195,277.
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2018
Ground area
295 m²
Building footprint
253 m²
Volume, LiDAR
2,095 m³
Parcel 21522B0418/00X003, Brussels · tallest building 17.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SO STYLE
since 20182.278.152.787
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0418/00X003 | Brussels | 295 m² | 1 · 253 m² | 17.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 2,215 companies in sector 47711 we hold annual accounts for 888. 669 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0699478480
Registered
25-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.