STATELINE
ActiveSummary
The computed 12-month bankruptcy probability of STATELINE is 2.1% (moderate). The 2025 annual accounts show equity of €292,153 and a net result of -€7,788. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 48% of 18626 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+13
Solvency56▼-34
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.82; short-term debt: 30.6% and cash: 2.9% of total assets), but 68.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 · 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
232425
2023 to 2025 · latest year -€7,788
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
31 d late
2024
80 d late
2023
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 47 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 (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 1 September (3 of the last 3 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€292,153▼ 2.6%
2024 · €299,941
Total assets
€934,247▲ 102%
2024 · €463,180
Net result
-€7,788▲ 51.3%
2024 · -€16,006
Working capital
€233,969▼ 49.0%
2024 · €459,131
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
Line202320242025
Operating result-€7,301--€13,665▼ 87.2%€1,064
Net result-€9,053below the sector's middle half--€16,006below the sector's middle half▼ 76.8%-€7,788below the sector's middle half▲ 51.3%
Equity€290,947above the sector's middle half-€299,941above the sector's middle half▲ 3.1%€292,153above the sector's middle half▼ 2.6%
Total assets€444,300above the sector's middle half-€463,180above the sector's middle half▲ 4.2%€934,247above the sector's middle half▲ 102%
Debt€153,353-€163,239▲ 6.4%€642,095▲ 293%
Working capital€378,591above the sector's middle half-€459,131above the sector's middle half▲ 21.3%€233,969above the sector's middle half▼ 49.0%
Solvency65.5%above the sector's middle half-64.8%above the sector's middle half▼ 0.7pp31.3%within the sector's middle half▼ 33.5pp
Current ratio14.59above the sector's middle half-1.82within the sector's middle half
Return on assets (ROA)-2.0%within the sector's middle half--3.5%within the sector's middle half▼ 1.4pp-0.8%within the sector's middle half▲ 2.6pp
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 returns to profit in 2025: €1,064 after a loss of €13,665 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €934,247
Fixed assets
€414,860 ▲ 31,812%
Current assets
€519,387 ▲ 12.5%
Equity and liabilities €934,247
Equity
€292,153 ▼ 2.6%
Debt
€642,095 ▲ 293%
Debt's share of the balance-sheet total rises from 35.2% to 68.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9,504▲
2024 · -€13,665
Cash flow
€652▲
2024 · -€16,006
Quick ratio
0.20▼
2024 · 14.70
Debt to equity
2.20▲
2024 · 0.54
ROE
-2.7%▲
2024 · -5.3%
Interest coverage
1.07▲
2024 · -6.14
Debt ≤ 1 year
€285,418▲
2024 · €2,749
Debt > 1 year
€356,676▲
2024 · €160,490
Income taxes
€0▼
2024 · €118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
0.8%
went bankrupt
3.1%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 480 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,549 | €0 | €8,440 | - |
| Other operating charges640/8 | €453 | €616 | €2,005 | ▲ 225% |
| Non-recurring operating charges66A | - | €11,546 | €0 | ▼ 100% |
| Gross operating margin9900 | -€2,300 | -€1,502 | €11,509 | ▲ 866% |
| Operating profit (loss)9901 | -€7,301 | -€13,665 | €1,064 | ▲ 108% |
| Financial income75/76B | €2 | €1 | €34 | ▲ 3,623% |
| Recurring financial income75 | €2 | €1 | €34 | ▲ 3,623% |
| Financial charges65/66B | €1,683 | €2,224 | €8,886 | ▲ 300% |
| Recurring financial charges65 | €1,683 | €2,224 | €8,886 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | -€8,981 | -€15,888 | -€7,788 | ▲ 51.0% |
| Income taxes67/77 | €72 | €118 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€9,053 | -€16,006 | -€7,788 | ▲ 51.3% |
| Profit (loss) for the period to be appropriated9905 | -€9,053 | -€16,006 | -€7,788 | ▲ 51.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €444,300 | €463,180 | €934,247 | ▲ 102% |
| Fixed assets21/28 | €37,846 | €1,300 | €414,860 | ▲ 31,812% |
| Tangible fixed assets22/27 | €36,546 | €0 | €413,560 | - |
| Land and buildings22 | - | - | €384,192 | - |
| Plant, machinery and equipment23 | - | - | €29,368 | - |
| Furniture and vehicles24 | €36,546 | €0 | - | - |
| Financial fixed assets28 | €1,300 | €1,300 | €1,300 | = |
| Current assets29/58 | €406,453 | €461,880 | €519,387 | ▲ 12.5% |
| Stocks and contracts in progress3 | €361,571 | €421,476 | €461,965 | ▲ 9.6% |
| Stocks30/36 | €361,571 | €421,476 | €461,965 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €34,064 | €11,802 | €29,352 | ▲ 149% |
| Trade receivables40 | €34,052 | €11,071 | €28,785 | ▲ 160% |
| Other amounts receivable41 | €12 | €730 | €567 | ▼ 22.4% |
| Cash at bank and in hand54/58 | €10,818 | €28,603 | €27,179 | ▼ 5.0% |
| Deferred charges and accrued income490/1 | - | - | €891 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €444,300 | €463,180 | €934,247 | ▲ 102% |
| Equity10/15 | €290,947 | €299,941 | €292,153 | ▼ 2.6% |
| Contributions10/11 | €300,000 | €325,000 | €325,000 | = |
| Profit (loss) carried forward14 | -€9,053 | -€25,059 | -€32,847 | ▼ 31.1% |
| Amounts payable17/49 | €153,353 | €163,239 | €642,095 | ▲ 293% |
| Amounts payable after more than one year17 | €125,490 | €160,490 | €356,676 | ▲ 122% |
| Financial debts170/4 | €125,490 | €160,490 | €356,676 | ▲ 122% |
| Amounts payable within one year42/48 | €27,862 | €2,749 | €285,418 | ▲ 10,283% |
| Current portion of amounts payable after more than one year42 | - | - | €5,967 | - |
| Financial debts43 | - | - | €270,000 | - |
| Other loans439 | - | - | €270,000 | - |
| Trade debts44 | €26,623 | €1,468 | €6,554 | ▲ 346% |
| Suppliers440/4 | €26,623 | €1,468 | €6,554 | ▲ 346% |
| Taxes, remuneration and social security45 | €1,051 | €1,281 | €1,057 | ▼ 17.5% |
| Taxes450/3 | €1,051 | €1,281 | €1,057 | ▼ 17.5% |
| Other amounts payable47/48 | €188 | €0 | €1,841 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,053 | -€16,006 | -€7,788 | ▲ 51.3% |
| + Depreciation and write-downs630 | €4,549 | €0 | €8,440 | - |
| Operating cash flow (approximation) | -€4,504 | -€16,006 | €652 | ▲ 104% |
| Investment in fixed assets (approximation) | - | €36,546 | -€422,000 | ▼ 1,255% |
| Change in cash | - | €17,784 | -€1,424 | ▼ 108% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 80 days late
2024
31-12
Financial
Weakest financial yearnet -€16,006
Net result drops to -€16,006, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 12current ratio 168.03
Current ratio from 14.59 to 168.03; short-term debt falls from €27,862 to €2,749.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Evergem · 1 establishment unit since 2022
Ground area
733 m²
Building footprint
116 m²
Volume, LiDAR
621 m³
Parcel 43006D0323/00W006, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STATELINE
since 20222.338.718.993
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006D0323/00W006 | Flanders | 733 m² | 1 · 116 m² | 8.0 m · 2 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 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,291 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
Founded01-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794312214
Also
9925:BE0794312214
Registered
19-12-2025
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.