SOMETHING ELS
ActiveSummary
SOMETHING ELS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€88,934) and a net result of -€4,967. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 41 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.06 in 2024; cash: 4.6% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Return on assets
-78%
Age of the figures
9 mo
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 15
Relative position
BE, all sectors
reference
Manufacture of leather and related products (NACE 15)
about 29% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€88,934
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
on the day
2022
28 d early
2021
37 d early
2020
19 d late
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€88,934▼ 5.9%
2024 · -€83,967
Total assets
€6,365▲ 9.3%
2024 · €5,822
Net result
-€4,967▼ 22.0%
2024 · -€4,072
Working capital
-€88,934▼ 5.9%
2024 · -€83,967
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 15, Manufacture of leather and related products, 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
Line20212022202320242025
Operating result-€4,450▼ 4,139%-€4,673▼ 5.0%-€2,910▲ 37.7%-€4,005▼ 37.6%-€4,895▼ 22.2%
Net result-€4,696within the sector's middle half▼ 3,842%-€4,717within the sector's middle half▼ 0.4%-€2,961within the sector's middle half▲ 37.2%-€4,072within the sector's middle half▼ 37.5%-€4,967▼ 22.0%
Equity-€72,217below the sector's middle half▼ 7.0%-€76,934within the sector's middle half▼ 6.5%-€79,895within the sector's middle half▼ 3.8%-€83,967below the sector's middle half▼ 5.1%-€88,934▼ 5.9%
Total assets€8,697below the sector's middle half▼ 3.5%€10,296below the sector's middle half▲ 18.4%€7,540below the sector's middle half▼ 26.8%€5,822below the sector's middle half▼ 22.8%€6,365▲ 9.3%
Debt€80,914▲ 5.7%€87,230▲ 7.8%€87,435▲ 0.2%€89,789▲ 2.7%€95,299▲ 6.1%
Working capital-€72,232within the sector's middle half▼ 6.7%-€76,949within the sector's middle half▼ 6.5%-€79,895below the sector's middle half▼ 3.8%-€83,967below the sector's middle half▼ 5.1%-€88,934▼ 5.9%
Solvency-830.4%below the sector's middle half▼ 81.5pp-747.2%below the sector's middle half▲ 83.2pp
Current ratio0.11below the sector's middle half▼ 0.010.12below the sector's middle half▲ 0.010.09below the sector's middle half▼ 0.030.06below the sector's middle half▼ 0.020.07=
Return on assets (ROA)-54.0%below the sector's middle half▼ 52.7pp-45.8%below the sector's middle half▲ 8.2pp-39.3%below the sector's middle half▲ 6.5pp-69.9%below the sector's middle half▼ 30.7pp-78.0%▼ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 15, Manufacture of leather and related products, 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 stays negative: a loss of €4,895 in 2025 against €4,005 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Quick ratio
0.01▲
2024 · 0.00
Debt to equity
-1.07▼
2024 · -1.07
Debt ≤ 1 year
€95,299▲
2024 · €89,789
A ratio outside any meaningful range has been withheld (balance sheet total €6,365, equity -€88,934).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88 | - | - | - | - | - |
| Other operating charges640/8 | €474 | €450 | €109 | €1,237 | €572 | ▼ 53.8% |
| Gross operating margin9900 | -€3,888 | -€4,224 | -€2,801 | -€2,768 | -€4,323 | ▼ 56.2% |
| Operating profit (loss)9901 | -€4,450 | -€4,673 | -€2,910 | -€4,005 | -€4,895 | ▼ 22.2% |
| Financial charges65/66B | €246 | €43 | €51 | €67 | €72 | ▲ 7.0% |
| Recurring financial charges65 | €246 | €43 | €51 | €67 | €72 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | -€4,696 | -€4,717 | -€2,961 | -€4,072 | -€4,967 | ▼ 22.0% |
| Profit (loss) for the period9904 | -€4,696 | -€4,717 | -€2,961 | -€4,072 | -€4,967 | ▼ 22.0% |
| Profit (loss) for the period to be appropriated9905 | -€4,696 | -€4,717 | -€2,961 | -€4,072 | -€4,967 | ▼ 22.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,697 | €10,296 | €7,540 | €5,822 | €6,365 | ▲ 9.3% |
| Fixed assets21/28 | €15 | €15 | - | - | - | - |
| Financial fixed assets28 | €15 | €15 | - | - | - | - |
| Current assets29/58 | €8,682 | €10,281 | €7,540 | €5,822 | €6,365 | ▲ 9.3% |
| Stocks and contracts in progress3 | €5,563 | €5,563 | €5,563 | €5,563 | €5,563 | = |
| Stocks30/36 | €5,563 | €5,563 | €5,563 | €5,563 | €5,563 | = |
| Amounts receivable within one year40/41 | €1,253 | €4,718 | €1,978 | €259 | €508 | ▲ 95.9% |
| Trade receivables40 | - | €4,718 | €1,713 | €0 | - | - |
| Other amounts receivable41 | €1,253 | - | €265 | €259 | €508 | ▲ 95.9% |
| Cash at bank and in hand54/58 | €386 | - | - | - | €294 | - |
| Deferred charges and accrued income490/1 | €1,481 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,697 | €10,296 | €7,540 | €5,822 | €6,365 | ▲ 9.3% |
| Equity10/15 | -€72,217 | -€76,934 | -€79,895 | -€83,967 | -€88,934 | ▼ 5.9% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€90,809 | -€95,526 | -€98,487 | -€102,559 | -€107,526 | ▼ 4.8% |
| Amounts payable17/49 | €80,914 | €87,230 | €87,435 | €89,789 | €95,299 | ▲ 6.1% |
| Amounts payable within one year42/48 | €80,914 | €87,230 | €87,435 | €89,789 | €95,299 | ▲ 6.1% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | €0 | - | - |
| Financial debts43 | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - |
| Trade debts44 | €2,739 | €5,472 | €2,379 | €1,663 | €3,520 | ▲ 112% |
| Suppliers440/4 | €2,739 | €5,472 | €2,379 | €1,663 | €3,520 | ▲ 112% |
| Taxes, remuneration and social security45 | €29 | €29 | €29 | €29 | €0 | ▼ 100% |
| Taxes450/3 | €29 | €29 | €29 | €29 | €0 | ▼ 100% |
| Other amounts payable47/48 | €78,146 | €81,729 | €85,027 | €88,097 | €91,779 | ▲ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,696 | -€4,717 | -€2,961 | -€4,072 | -€4,967 | ▼ 22.0% |
| + Depreciation and write-downs630 | €88 | - | - | - | - | - |
| Operating cash flow (approximation) | -€4,608 | -€4,717 | -€2,961 | -€4,072 | -€4,967 | ▼ 22.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€13,820
Net result drops to -€13,820, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
04-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 188 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2001
Ground area
78 m²
Building footprint
83 m²
Volume, LiDAR
1,039 m³
Parcel 11002A1228/00B000, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SOMETHING ELS
since 20012.098.144.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1228/00B000 | Flanders | 78 m² | 1 · 83 m² | 15.2 m · 4 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.
Similar companies · same sector and region
HEDGREN CREATIONS
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atelier LECO
BE 1021.600.535
Schoten
Lederwaren Looyens
BE 0466.286.324
Turnhout
LSP
BE 0430.747.108
Sint-Katelijne-Waver
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 247 companies in sector 15120 we hold annual accounts for 25. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
15120Manufacture of leather and related products
14240Manufacture of wearing apparel
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474613377
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.