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SOUTHSTORE

Active
Private limited companyfounded 2007active for 19 yearsIndustrieweg 202, 9030 Gent, BelgiumKBO/BCE: BE 0886.374.914
Summary

SOUTHSTORE has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €180,611. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 42% of 9,679 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Wholesale of wines and spirits
NACE 46341
1 site
Size
€3.3mtotal assets 2025
Equity
€1.2m
Profit
€180,611
Turnover not published (abbreviated format)
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Accounts 39 days early0 of 13 deeds read
Why 90raises riskFigures for financial year 2025 (filed 23-09-2025)Liquidity: current ratio 2.68, cash €117,675lowers riskSize: total assets €3.3mFounded in 2007Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Strong
Solvency 61+4
equity 35.8% of total assets
Liquidity 52-3
short-term debt 14.5% · cash 3.5%
Profitability 74-4
return on assets 5.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,380 companies, NACE 46, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: 0.1%▲ +0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.68, compared with 3.36 in 2024; short-term debt: 14.5% and cash: 3.5% of total assets), but 64.2% 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 46, small): better than 41% on solvency, 66% on liquidity, 70% on profitability and 80% on growth.

The bankruptcy probability was computed on 08-10-2026 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
lowers risk · Size: total assets €3.3m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed 23-09-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.68, cash €117,675
NBB · annual accounts
lowers risk · Founded in 2007
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
13 days early
2023
43 days early
2022
3 days early
2021
3 days late
2020
4 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 18 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-03-2026 year end09-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Highest result from 2019 to 2025net €220,938 ▲54.8%

Key points

  • Positive: Among the best 19% on net resultsector median €27,097 · 9,656 companies €180,611 View
  • Positive: 7 profitable years in a rowprofit 2025: €180,611 7 years View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Total assets
€3.3m
Profit
€180,611
Solvency
35.8%
Total assets▲ 5.9%
Net result
20192025
Go to Financials

Timeline

Events
23
Since
2009
Next accounts
by 31-10-2026
  1. 31-03-2024Liquidity more than doubles
  2. 31-03-2024Equity above €1m
  3. 18-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of wines and spiritsNACE 46341
Founded
12-01-2007
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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