Equity
€191,544 from €363,547 in 2012
Equity fell by 47% in 13 years.
SPECIAL
Lifetime
19 annual accounts with figures on one time axis, 37 filings since 1989peak €137,708 (2009)
€2,671▼ 91.8%
lowest -€61,262 (2014)
-€30,877▼ €30,665
peak €363,547 (2012)
€191,544▼ 13.9%
€202,019▲ 0.7%
peak 3.4 FTE (2008)
-not published
Board4 names since 2018
4 directorsCENSINI Agnès and 3 others
Owners
16.66%Censini
Documentsfilings and deeds
19-05-202619 days late
2025micro format
Gross margin from €32,723 to €2,671Loss of €30,8772 directors appointed, 4 reappointments 06-03Equity from €222,421 to €191,544
Key points
from the 2025 annual accountsLosses
-€40,236 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Staff
3 employees on 30-09-2025
In 2025, 11 people joined and 10 left.
2025 accounts filed 19 days after the deadline
Checked score
68
Healthy
Financially stronger than 36% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.2 percentage points vs 03-2026
05-2026: 0.8%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 0.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €30,877, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
Size: turnover €418,008, total assets €393,563
lowers risk
Legal form: public limited company
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 47, micro). It does better than 63% of them on solvency, 32% on liquidity, 16% on profitability and 32% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 12,322 companies had the same profile as SPECIAL has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPECIAL itself: 0.7% 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 12,322 companies, not a prediction for SPECIAL. 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
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.86 (1.95 in 2024), above the usual 1.5. Short-term debt is 51.3% and cash 8.8% of total assets. However, 51.3% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€30,877
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-05-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
19 days late
2024
19 days early
2023
7 days late
2022
22 days late
2021
11 days late
2020
5 days late
2019
15 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 11 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434216144
2 directors appointed, 4 reappointments
Reappointments: CENSINI Dino, LESTIENNE Mauricette, CENSINI Marc and CENSINI Agnès · Appointments: CENSINI Dino (managing director) and LESTIENNE Mauricette (managing director) · Gazette deed
First establishment
Rue Neuve 54, Charleroi
Incorporation
published on 27-05-1988 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SPECIAL Charleroi | €393,563 | €2,671 | 48.7% | - |
| IMMO MARIV Lommel | €605,207 | €4,344 | 38.6% | - |
| MAISON BALLEZ Dour | €346,588 | -€6,130 | -97.0% | - |
| E. CARDOEN Liedekerke | €286,953 | -€11,837 | 75.1% | - |
| EWS PLUMACHER Eupen | €336,809 | -€7,091 | 82.9% | - |
| Electro Messeyne Hooglede | €280,228 | -€10,792 | 54.3% | - |
| ARNOUT Deerlijk | €400,816 | -€57,414 | 16.9% | - |
These companies have the same main activity as SPECIAL: retail sale of electrical household appliances (NACE 47540). They are comparable in size and age: total assets between €280,000 and €605,000, founded between 1978 and 1994.
Official details
Source: KBO- Status
- Active since 05-05-1988Normal situation
- Activity
- Retail sale of electrical household appliancesNACE 47540and 1 other
- Joint committee
- 201Independent retail · annual accounts 30-09-2025
- Establishment unit
- 2.038.250.1126000 Charleroi, since 26-05-1988
- Financial year end
- 30 September
- Peppol
- Reachable since 15-10-2025
Annual accounts to 30-09-2025
- €393,563▼ 7.0%
- Employeeson 30-09-2025
- 3▲ 50.0%
- Filing
- Filed on 19-05-2026
Insights on SPECIAL
SPECIAL files the micro format. That format states no turnover. The gross margin fell from €92,262 in 2007 to €2,671 in 2025.
In March 2025, the Official Gazette published the appointment of CENSINI Dino as managing director.
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 SPECIAL
- What is the company number of SPECIAL?
- The company number of SPECIAL is 0434.216.144. The VAT number is the same number with BE in front: BE 0434.216.144.
- Where is SPECIAL based?
- The registered office is at Rue Neuve 54, 6000 Charleroi.Company details
- What does SPECIAL do?
- According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
- What is the legal form of SPECIAL?
- SPECIAL is a public limited company (NV).
- When was SPECIAL founded?
- SPECIAL was founded on 05-05-1988.
- Is SPECIAL still active?
- Yes, SPECIAL is an active enterprise in the KBO register.
- How many employees does SPECIAL have?
- SPECIAL had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SPECIAL fall under?
- In its 30-09-2025 annual accounts, SPECIAL states joint committee 201 (Independent retail).
- What is the turnover of SPECIAL?
- The turnover of SPECIAL was €418,008 in financial year 2025, according to the filed annual accounts.
- Is SPECIAL profitable?
- In financial year 2025, SPECIAL made a loss of €30,877.
- Where can I find the annual accounts of SPECIAL?
- SPECIAL filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SPECIAL due?
- SPECIAL must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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