Equity
€99,157 from €238,984 in 2011
Equity fell by 59% in 14 years.
THE CHALLENGE
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1988peak €135,546 (2006)
€9,390▲ 341%
lowest -€24,922 (2022)
€3,103▲ 160%
peak €238,984 (2011)
€99,157▲ 3.2%
€52,326▼ 25.1%
Board3 names since 2021
2 directors and 1 other
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from €2,127 to €9,390Result from €1,192 to €3,103Debts from €69,826 to €52,326Cash from €9,856 to €16,847
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,044 companies had the same profile as THE CHALLENGE has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,044 companies, not a prediction for THE CHALLENGE. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431293078
2 directors appointed, 1 resignation
Resignation: · Appointments: and · Permanent representative: · General meeting of 01-10-2021 · Gazette deed
First establishment
THE CHALLENGE BVBA, Tortelduivenstraat 23, Kortenberg
Incorporation
published on 30-06-1987 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THE CHALLENGE Kortenberg | - | - | 65.5% | - |
| IMPORBEL Verviers | €543,637 | -2.0% | 36.3% | - |
| VANINVEST Ostend | - | - | 94.1% | - |
| EUROSANITAIRE 2000 Butgenbach | - | - | 98.3% | - |
| GASSMANN Saint-Vith | - | - | 76.2% | - |
| Sani - Beghin Pajottegem | €510,041 | 0.2% | 89.9% | - |
| STASSIN DISTRIBUTION Namur | - | - | 73.1% | - |
These companies have the same main activity as THE CHALLENGE: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €102,000 and €148,000, founded between 1972 and 1993.
Official details
Source: KBO- Status
- Active since 20-05-1987Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831
- Establishment unit
- 2.030.657.5843078 Kortenberg, since 16-06-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- €151,483▼ 8.7%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on THE CHALLENGE
THE CHALLENGE files the micro format. That format states no turnover. The gross margin fell from €135,546 in 2006 to €9,390 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 THE CHALLENGE
- What is the company number of THE CHALLENGE?
- The company number of THE CHALLENGE is 0431.293.078. The VAT number is the same number with BE in front: BE 0431.293.078.
- Where is THE CHALLENGE based?
- The registered office is at Tortelduivenstraat 23, 3078 Kortenberg.Company details
- What does THE CHALLENGE do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of THE CHALLENGE?
- THE CHALLENGE is a private limited company (pre-2019) (BVBA).
- When was THE CHALLENGE founded?
- THE CHALLENGE was founded on 20-05-1987.
- Is THE CHALLENGE still active?
- Yes, THE CHALLENGE is an active enterprise in the KBO register.
- What is the turnover of THE CHALLENGE?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €9,390 and 257 comparable companies (NACE 46). It probably lies between €57,000 and €280,000. It is a rough estimate.Financials
- Is THE CHALLENGE profitable?
- In financial year 2025, THE CHALLENGE made a profit of €3,103.
- Where can I find the annual accounts of THE CHALLENGE?
- THE CHALLENGE filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THE CHALLENGE due?
- THE CHALLENGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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