Result
-€33,896 -€33,896
From profit to loss in 2025, after a profit of €27,728 in 2024.
The Factory
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €82,539 (2022)
€77,924▲ 14.5%
lowest -€57,502 (2006)
-€33,896▼ €61,624
peak €520,603 (2024)
€486,707▼ 6.5%
€563,245▲ 10.2%
peak 0.5 FTE (2006)
0 FTE
Board2 names since 1992
1 directorVAN DER GUCHT Peter-Jan
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €68,068 to €77,924Loss of €33,896Merger proposal: THE FACTORY takes over VDG EVENTS 18-12Investments €66,008Cash from €1,316 to €5,645
Key points
from the 2025 annual accountsTurnover
≈ €390,000 estimated
The abbreviated format states no turnover.
Investments
€443,563 24.4 × depreciation
Green is investment, beige is depreciation.
Filings
34 annual accounts since 1992
Ten of the last ten came late. The 2019 accounts came latest: 35 days after the end of the period.
Restructuring
2026
Merger with VDG EVENTS. Merger on 09-06-2026.
Position in the sector
-€33,896
Lower net result than 86% of companies in wholesale trade. Sector median €26,728 · 9,878 companies.
Checked score
91
Excellent
Financially stronger than 43% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.3%▼ -0.5 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%▼ -0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026
09-2026: 0.1%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €33,896 (financial year 2025)
Liquidity: current ratio 5.05, cash €5,645
lowers risk
Size: total assets €1.0m
Founded in 1992
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 46, micro). It does better than 54% of them on solvency, 54% on liquidity, 35% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.05 (6.16 in 2024), above the usual 1.5. Short-term debt is 5.6% and cash 0.5% of total assets. However, 53.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
26 days late
2020
25 days late
2019
35 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 29 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- Peter-Jan Van Der Gucht 3,652 sharesdeed of 18-12-2025
- Bernadette Claus 2,942 sharesdeed of 18-12-2025
- Annelien Van Der Gucht 1,839 sharesdeed of 18-12-2025
Shares in 2 companies, IMMO VDG and DE ROSKAM
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446777644
Merger: THE FACTORY takes over VDG EVENTS
Change of role: VAN DER GUCHT Peter-Jan, from director, formerly manager to director · 12,111 shares · General meeting of 09-06-2026 · Gazette deed
Merger proposal: THE FACTORY takes over VDG EVENTS
Permanent representative: Peter-Jan Van Der Gucht · The company holds all the shares of VDG EVENTS · Peter-Jan Van Der Gucht holds 3,652 shares · Gazette deed
First establishment
Noordlaan 23, Wetteren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| The Factory Wetteren | €1.0m | €77,924 | 46.4% | 0 |
| STUDIO LUNGARNO Boortmeerbeek | €1.1m | €87,510 | 58.9% | 0 |
| DieS Aalter | €1.9m | €220,312 | 37.5% | 0 |
| DECREM FABIENNE Halle | €0.8m | €83,234 | 86.5% | 1.1 |
| MUNCKBOS Zottegem | €2.7m | €106,175 | 81.7% | 0.6 |
| ALRA DESIGN Sint-Niklaas | €1.5m | €63,370 | 51.8% | - |
| THIELEMANS Diest | €0.9m | €220,173 | 89.8% | 1 |
These companies have the same main activity as The Factory: agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160). They are comparable in size and age: total assets between €796,000 and €2.7m, founded between 1980 and 1997.
Official details
Source: KBO- Status
- Active since 13-03-1992Normal situation
- Activity
- Agents in the wholesale of textiles, clothing, fur, footwear and leather goodsNACE 46160
- Establishment unit
- 2.056.674.9649230 Wetteren, since 17-03-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on The Factory
The Factory files the abbreviated format. That format states no turnover. The gross margin rose from -€31,329 in 2006 to €77,924 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 Factory
- What is the company number of The Factory?
- The company number of The Factory is 0446.777.644. The VAT number is the same number with BE in front: BE 0446.777.644.
- Where is The Factory based?
- The registered office is at Noordlaan 23, 9230 Wetteren.Company details
- What does The Factory do?
- According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
- What is the legal form of The Factory?
- The Factory is a private limited company (pre-2019) (BVBA).
- When was The Factory founded?
- The Factory was founded on 13-03-1992.
- Is The Factory still active?
- Yes, The Factory is an active enterprise in the KBO register.
- What is the turnover of The Factory?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €77,924 and 40 comparable companies (NACE 461). It probably lies between €170,000 and €1.0m.Financials
- Is The Factory profitable?
- In financial year 2025, The Factory made a loss of €33,896.
- Where can I find the annual accounts of The Factory?
- The Factory filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of The Factory due?
- The Factory must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.