Suitify
Open bankruptcyA bankruptcy procedure is open for Suitify according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-83k) and a net result of €-31k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-83k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
75 d late
2021
198 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-83k▼ 59.5%
2023 · €-52k
2021: €-23k
2022: €-15k
2023: €-52k
2021 → 2024
Total assets
€77k▼ 39.6%
2023 · €127k
2021: €89k
2022: €87k
2023: €127k
2021 → 2024
Net result
€-31k▲ 16.4%
2023 · €-37k
2021: €-48k
2022: €8k
2023: €-37k
2021 → 2024
Working capital
€-87k▼ 17.4%
2023 · €-74k
2021: €-54k
2022: €-42k
2023: €-74k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-23k-€-15k▲ 33.9%€-52k▼ 247%€-83k▼ 59.5%
Operating result€-48k-€11k€-34k€-28k▲ 17.4%
Net result€-48k-€8k€-37k€-31k▲ 16.4%
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 €28k in 2024 against €34k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €77k
Fixed assets
€4k▼ 88.1%
Current assets
€72k▼ 19.5%
Key figures and ratios
EBITDA
€-25k▼
2023 · €-14k
Cash flow
€-28k▼
2023 · €-17k
Solvency
-108.0%▼
2023 · -40.9%
Current ratio
0.45▼
2023 · 0.55
Quick ratio
0.19▼
2023 · 0.23
Debt / equity
-1.93▲
2023 · -3.44
ROA
-40.3%▼
2023 · -29.1%
Interest coverage
-9.10▼
2023 · -4.48
Debt
€160k▼
2023 · €179k
Debt ≤ 1 year
€160k▼
2023 · €164k
Staff costs
€48k▲
2023 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€127k€77k▼
Fixed assets21/28€37k€4k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€32k€2k▼
Plant, machinery and equipment23-€2k
Leasing and similar rights25€32k-
Financial fixed assets28€750€750=
Current assets29/58€90k€72k▼
Stocks and contracts in progress3€52k€43k▼
Stocks30/36€52k€43k▼
Amounts receivable within one year40/41€36k€23k▼
Other amounts receivable41€36k€23k▼
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€127k€77k▼
Equity10/15€-52k€-83k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-77k€-108k▼
Amounts payable17/49€179k€160k▼
Amounts payable after more than one year17€13k-
Financial debts170/4€13k-
Amounts payable within one year42/48€164k€160k▼
Current portion of amounts payable after more than one year42€17k€13k▼
Trade debts44€24k€7k▼
Suppliers440/4€24k€7k▼
Taxes, remuneration and social security45€7k€35k▲
Taxes450/3-€14k
Remuneration and social security454/9€7k€21k▲
Other amounts payable47/48€116k€105k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Remuneration, social security and pensions62€39k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€3k▼
Other operating charges640/8€2k€18k▲
Gross operating margin9900€27k€41k▲
Operating profit (loss)9901€-34k€-28k▲
Financial income75/76B€204€0▼
Recurring financial income75€204€0▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-37k€-31k▲
Profit (loss) for the period9904€-37k€-31k▲
Profit (loss) for the period to be appropriated9905€-37k€-31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-108k▼
Profit (loss) brought forward from the previous period14P€-40k€-77k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
04-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · SUITIFY BV HENDRIK VAN VELDEKESINGEL 150/86, 3500 HASSELT · event 29-01-2026
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 75 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 198 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Hasselt · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hendrik van Veldekesingel 1503500 HasseltGround area
5,413 m²
Building footprint
1,479 m²
Volume, LiDAR
15,491 m³
Parcel 71326F0010/00C003, Flanders · tallest building 20.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Suitify
since 20202.306.024.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108,
3400 LANDEN |
29-01-2026 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108A 108, 3400 LANDEN- |
29-01-2026 → present |
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 460 companies in sector 47712 we hold annual accounts for 269.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-08-2020
Fiscal year end31-12
Activities, NACEBEL
47712Retail trade
14130Manufacture of wearing apparel
14210Manufacture of outerwear
47120Other non-specialised retail sale
47715Retail trade
47721Retail sale of footwear
47910Retail trade
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.