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TENDANCE

Active Private limited company (pre-2019)founded 2011active for 15 yearsKeizerslaan 10, 1000 BrusselsKBO/BCE: BE 0839.486.993

Lifetime

14 annual accounts with figures on one time axis
peak €130,436 (2023)
€60,045▼ 27.1%
lowest -€16,872 (2018)
€2,024▲ 6.9%
peak €89,908 (2025)
€89,908▲ 2.3%
€396,663▼ 9.7%
peak 2.5 FTE (2012)
-not published
Board3 names since 2017
1 directorSHAIKH Mohammad
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €82,394 to €60,045Cash from €24,448 to €9,508

Key points

from the 2025 annual accounts

Equity

€89,908 ▲ 2.3%

TENDANCE has made a profit without a break since 2019.

Debts

€396,663 82% of the balance sheet
Financial debts 83%Suppliers 8%Taxes and wages 8%

Of this, €66,663 falls due within a year.

Payment terms

25 days to suppliers
Suppliers
61 to 25
Customers
7 to 4

TENDANCE pays its suppliers 36 days earlier than in 2024. Customers pay 3 days earlier.

Liquidity

6.93 was 1.12 in 2024

Short-term debts fell from €439,161 to €66,663.

Filings

14 annual accounts since 2012
AprilJune31 JulyOctober201520202025

Six of the last ten came late. The 2025 accounts came latest: 30 days after the end of the period.

Checked score

65
Healthy
Financially stronger than 39% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4%lowest value 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.4%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 1.0%▲ +0.4 percentage points vs 07-2025 09-2025: 0.6%▼ -0.4 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.6%▼ -0.1 percentage points vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.4%▲ +0.7 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -0.8 percentage points vs 08-2026 10-2026: 1.2%▲ +0.6 percentage points vs 09-2026 11-2026: 1.2%● unchanged vs 10-2026

Financial strength
Weak

43+1equity 18.5% of total assets
50+40short-term debt 13.7% · cash 2.0%
33-23return on assets 0.4%

Score breakdown

raises risk
1 change of registered office in 24 months
Sector: Retail trade (NACE 47)
lowers risk
Figures for financial year 2025 (filed on 30-08-2026)
Founded in 2011
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 34% of them on solvency, 54% on liquidity, 26% on profitability and 40% on growth.

The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.

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, 4,508 companies had the same profile as TENDANCE has now. Each dot stands for 12 companies, two years later.

96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of TENDANCE itself: 1.2% within 12 months.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,508 companies, not a prediction for TENDANCE. 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 €5,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.93 (1.12 in 2024), above the usual 1.5. Short-term debt is 13.7% and cash 2% of total assets. However, 81.5% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed on 30-08-2026)
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 filings
Deviation from the deadline
2025
30 days late
2024
26 days late
2023
9 days early
2022
18 days late
2021
26 days late
2020
25 days late
2019
5 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 17 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SM
SHAIKH Mohammad
Director
  • SHAIKH Mohammad 10 sharesdeed of 28-07-2023
Board & ownership

Recent changes

Registered office moved within Brussels New registered office: 10 Boulevard de l'empereur, 1000 Bruxelles · Previous registered office: n°5 Impasse Saint Nicolas à 1000 Bruxelles · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0839486993
Transfer of 10 shares from SHAUKAT Imran to SHAIKH Mohammad Resignation: SHAUKAT Imran (director) · General meeting of 31-03-2023 · Gazette deed
Transfer of 10 shares from KHAN Awais Ullah to SHAIKH Mohammad Resignation: KHAN Awais Ullah (manager) · Gazette deed
All 27 events

Comparable companies

same main activity, similar in size and age
Company
TENDANCE Brussels €486,572 €60,045 18.5% -
2SLEEP Turnhout €480,910 €60,249 14.1% -
TREND FACTORY Zele €425,638 €63,101 16.9% -
MILK Liège €582,101 €51,153 -91.9% 5.3
WARD BARCELONA Brussels €350,211 €64,871 92.5% -
CALIDA BELGIUM Uccle €653,525 €40,771 61.8% -
FABULOUS SOCKS Woluwe-Saint-Pierre €413,565 €102,457 58.1% -

These companies have the same main activity as TENDANCE: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €350,000 and €654,000, founded between 2010 and 2012.

Official details

Source: KBO
Status
Active since 21-09-2011Normal situation
Registered office
485 active companies are registered at this address75 started in the 12 months before. Source: KBO register, as of 11 November 2026.
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 3 others
Establishment unit
2.219.477.7841000 Brussels, since 01-04-2012
Financial year end
31 December
Peppol
Reachable since 09-01-2026
Company details

Annual accounts 2025

€486,572▼ 7.7%
Employeeson 31-12-2025
2=
Filing
Filed on 30-08-2026
Financials

Insights on TENDANCE

TENDANCE files the micro format. That format states no turnover. The gross margin fell from €70,885 in 2012 to €60,045 in 2025.

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 TENDANCE

What is the company number of TENDANCE?
The company number of TENDANCE is 0839.486.993. The VAT number is the same number with BE in front: BE 0839.486.993.
Where is TENDANCE based?
The registered office is at Keizerslaan 10, 1000 Brussels.Company details
What does TENDANCE do?
According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
What is the legal form of TENDANCE?
TENDANCE is a private limited company (pre-2019) (BVBA).
When was TENDANCE founded?
TENDANCE was founded on 21-09-2011.
Is TENDANCE still active?
Yes, TENDANCE is an active enterprise in the KBO register.
How many employees does TENDANCE have?
TENDANCE had an average of 1.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TENDANCE?
The turnover of TENDANCE was €535,071 in financial year 2025, according to the filed annual accounts.
Is TENDANCE profitable?
In financial year 2025, TENDANCE made a profit of €2,024.
Where can I find the annual accounts of TENDANCE?
TENDANCE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TENDANCE due?
TENDANCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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