SUBMARINE 27

Active

Private limited company (pre-2019)founded 1990active for 36 yearsWipstraat 4, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0440.571.327

Summary

The computed 12-month bankruptcy probability of SUBMARINE 27 is 5.3% (elevated). The 2024 annual accounts show negative equity (-€120,146) and a net result of -€7,604. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 5% of 15,452 sector peers (NACE 46, financial year 2024). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

SUBMARINE 27ActiveChecked score 34/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46841Buying and selling of own real estate NACE 68110

1 site

Size

€18,458total assets 2024

Equity: -€120,146
Loss: -€7,604

Financial health

34 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 5.3%

Structure

POP MihaelaDirector

2025 accounts not filed, 85 days past the deadline1 of 5 deeds summarised

Why 34raises risk1 financial year not filed after the legal deadline; last filed accounts filed 242 days late; 3 of the last 3 lateLiquidity: current ratio 0.12lowers riskFounded in 1990Size: total assets €18,458Show the evidence

Checked score

Score 2024

34 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 10% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 0=

equity -650.9% of total assets

Liquidity 0=

short-term debt 676.5%

Profitability 0=

return on assets -41.2%

Bankruptcy probability, 12 months

5.3% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,868 companies, NACE 46, micro)

Last 24 months 11-2024: 5.1% 12-2024: 6.0%▲ +0.9 percentage points vs 11-2024 01-2025: 3.8%▼ -2.2 percentage points vs 12-2024 02-2025: 3.8%● unchanged vs 01-2025 03-2025: 3.7%▼ -0.1 percentage points vs 02-2025 04-2025: 3.7%● unchanged vs 03-2025 05-2025: 3.7%● unchanged vs 04-2025 06-2025: 3.5%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 3.8%▲ +0.3 percentage points vs 06-2025 08-2025: 4.2%▲ +0.4 percentage points vs 07-2025 09-2025: 3.9%▼ -0.3 percentage points vs 08-2025 10-2025: 4.2%▲ +0.3 percentage points vs 09-2025 11-2025: 4.4%▲ +0.2 percentage points vs 10-2025 12-2025: 5.4%▲ +1.0 percentage point vs 11-2025 01-2026: 8.4%▲ +3.0 percentage points vs 12-2025 02-2026: 8.4%● unchanged vs 01-2026 03-2026: 8.7%▲ +0.3 percentage points vs 02-2026highest value 04-2026: 5.0%▼ -3.7 percentage points vs 03-2026 05-2026: 5.0%● unchanged vs 04-2026 06-2026: 4.8%▼ -0.2 percentage points vs 05-2026 07-2026: 5.0%▲ +0.2 percentage points vs 06-2026 08-2026: 5.4%▲ +0.4 percentage points vs 07-2026 09-2026: 5.0%▼ -0.4 percentage points vs 08-2026 10-2026: 5.3%▲ +0.3 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.12, compared with 0.11 in 2023, below 1; short-term debt: 676.5% of total assets), and equity is negative.

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, micro): better than 6% on solvency, 1% on liquidity, 6% on profitability and 29% on growth.

The bankruptcy probability was computed on 23-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.

lowers riskraises risk

1 financial year not filed after the legal deadline; last filed accounts filed 242 days late; 3 of the last 3 late

NBB · filings

Founded in 1990

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: total assets €18,458

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 0.12

NBB · annual accounts

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€120,146

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline24-10-2026 today

2024 accounts filed 242 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-03-2026, 242 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

242 days late

2023

138 days late

2022

178 days late

2021

2 days early

2020

167 days late

2019

56 days 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 130 days after 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 (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-03-2026 Annual accounts filedfinancial year 2024 · micro…
11-06-2025 Appointment: POP Mihaela (director)Resignation: TINEL Sammy (director)
16-12-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€120,146 View
Risk: 4 loss-making years in a rowloss financial year 2024 -€7,604 View
Caution: Among the weakest 5% on solvencysector median 39.3% · 15,452 companies -650.9% View
Caution: 2025 accounts not fileddeadline was 31-07-2026 85 days past the deadline View

By topic

Financials

Financial year: 2024
Total assets: €18,458
Loss: -€7,604
Solvency: -650.9%

Total assets▼ 6.5%

Net result

20182024

Go to Financials

Board & ownership

Board: 1 member

POP MihaelaDirector

Go to Board & ownership

Timeline

Events: 39
Since: 1991

25-01-2024Annual accounts filed
31-12-2023Weakest financial year
29-07-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company (pre-2019)
Activity: Wholesale tradeNACE 46841
Founded: 03-05-1990
Year ends: 31-12
Peppol: Not found in the Peppol directory

Go to Company details

Key facts about SUBMARINE 27

What is the company number of SUBMARINE 27?: 0440.571.327. In Belgium the VAT number is the company number with BE in front: BE 0440.571.327.
Where is SUBMARINE 27 based?: The registered office is at Wipstraat 4, 1060 Sint-Gillis (bij-Brussel).Company details
What does SUBMARINE 27 do?: According to the KBO register, the main activity is wholesale trade (NACE 46841).
What is the legal form of SUBMARINE 27?: Private limited company (pre-2019) (BVBA).
When was SUBMARINE 27 founded?: On 03-05-1990.
Is SUBMARINE 27 still active?: Yes, SUBMARINE 27 is an active enterprise in the KBO register.
How many employees does SUBMARINE 27 have?: On average 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of SUBMARINE 27?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SUBMARINE 27 profitable?: In financial year 2024, SUBMARINE 27 made a loss of €7,604.
Where can I find the annual accounts of SUBMARINE 27?: SUBMARINE 27 filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2024.