THE ROBIN

Active

Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 198838 yrs activeWondelgemstraat 192, 9000 Gent, BelgiumKBO/BCE: BE 0434.646.112

Summary

THE ROBIN has been active since 1988 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €62,902 and a net result of €26,908. Equity is growing by ~56.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 6166 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch Report Compare

THE ROBINActiveChecked score 85/100

Risk analysis Report Compare

Activity

Day spas, saunas and steam baths

NACE 96230NACE 93040NACE 96040

1 site

Size

€81,330turnover 2024

Staff: 1 FTE
Equity: €62,902
Profit: €26,908

Financial health

85 Excellent Checked score 2024

Bankruptcy chance 12 m: 0.5%

Structure

Accounts 66 d overdue

Why 85- Figures for FY 2024 (filed 29-08-2025)+ Founded in 1988+ Liquidity: cash €24,493+ Equity €62,902 (65.4% of total assets)Show the evidence

Checked score

Score 2024

85 / 100

Excellent

Probability in this band: under 0.55%

Better than 75% of its sector peers (NACE 96, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Strong

Solvency 90+7

equity 65.4% of total assets

Liquidity 64+14

cash 25.5%

Profitability 100+26

return on assets 28.0%

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,591 companies)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%▲ +2.8% vs 12-2024 02-2025: 0.3%▲ +1.1% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%▲ +7.2% vs 03-2025 05-2025: 0.3%▲ +3.2% vs 04-2025 06-2025: 0.3%▲ +4.1% vs 05-2025 07-2025: 0.5%▲ +55.6% vs 06-2025 08-2025: 0.7%▲ +53.9% vs 07-2025highest value 09-2025: 0.1%▼ -89.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%▲ +2.5% vs 12-2025 02-2026: 0.1%▲ +1.2% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +10.8% vs 03-2026 05-2026: 0.1%▼ -2.2% vs 04-2026 06-2026: 0.1%▲ +5.6% vs 05-2026 07-2026: 0.1%▲ +12.6% vs 06-2026 08-2026: 0.2%▲ +129% vs 07-2026 09-2026: 0.3%▲ +22.0% vs 08-2026 10-2026: 0.5%▲ +69.2% vs 09-2026

Figures for FY 2024 (filed 29-08-2025) raises the probability
Founded in 1988 lowers the probability for this profile
Liquidity: cash €24,493 lowers the probability
Equity €62,902 (65.4% of total assets) lowers the probability

Credit up to €5,000 at 30 days acceptable

cash: 25.5% of total assets, and 34.6% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 96, micro). Better than this share of them on solvency 80%, liquidity 68%, profitability 93%, growth against the median 61%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 29-08-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 1988

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Liquidity: cash €24,493

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Equity €62,902 (65.4% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

8 d early

2022

18 d early

2021

55 d early

2020

53 d early

2019

76 d early

← 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 30 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Strikeout withdrawal

28-08-25 Annual accounts filedfiscal year 2024 · micro…
31-12-24 Back to profitnet €26,908
23-07-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
Positive: Among the best 15% on net resultsector median €2,768 · 6,160 companies €26,908 View
Active since 1988founded 30-06-1988 38 years View