TheStuff
Open bankruptcyA bankruptcy procedure is open for TheStuff according to publications in the Belgian State Gazette; curator: MICHIEL VERRAES. The file additionally contains 1 judicial reorganisation. The 2024 annual accounts show negative equity (€-462k) and a net result of €-14k.
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 €-462k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
7 d late
2022
11 d late
2021
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-462k▲ 20.9%
2023 · €-584k
2021: €40k
2022: €-429k
2023: €-584k
2021 → 2024
Total assets
€387k▼ 43.5%
2023 · €686k
2021: €1.16M
2022: €668k
2023: €686k
2021 → 2024
Net result
€-14k▲ 91.1%
2023 · €-155k
2021: €32k
2022: €-468k
2023: €-155k
2021 → 2024
Working capital
€-444k▲ 21.1%
2023 · €-563k
2021: €-103k
2022: €-374k
2023: €-563k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€40k-€-429k€-584k▼ 36.2%€-462k▲ 20.9%
Operating result€43k-€-453k€-145k▲ 68.1%€-117k▲ 18.9%
Net result€32k-€-468k€-155k▲ 66.9%€-14k▲ 91.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €117k in 2024 against €145k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €387k
Fixed assets
€306k▼ 6.7%
Current assets
€81k▼ 77.3%
Key figures and ratios
EBITDA
€-95k▲
2023 · €-126k
Cash flow
€8k▲
2023 · €-137k
Solvency
-119.2%▼
2023 · -85.1%
Current ratio
0.15▼
2023 · 0.39
Quick ratio
0.15▼
2023 · 0.39
Debt / equity
-1.84▲
2023 · -2.17
ROA
-3.6%▲
2023 · -22.6%
Interest coverage
-6.91▲
2023 · -11.06
Debt
€849k▼
2023 · €1.27M
Debt ≤ 1 year
€525k▼
2023 · €920k
Debt > 1 year
€324k▼
2023 · €345k
Income taxes
€433▲
2023 · €363
Staff costs
€275k▲
2023 · €208k
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€686k€387k▼
Fixed assets21/28€328k€306k▼
Intangible fixed assets21€148k€131k▼
Tangible fixed assets22/27€13k€8k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€2k€309▼
Financial fixed assets28€167k€167k=
Current assets29/58€358k€81k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€352k€72k▼
Trade receivables40€351k€72k▼
Other amounts receivable41€518€0▼
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€592€4k▲
Equity and liabilities
Total equity and liabilities10/49€686k€387k▼
Equity10/15€-584k€-462k▲
Contributions10/11€148€148=
Reserves13€40k€176k▲
Tax-exempt reserves132-€136k
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-624k€-637k▼
Amounts payable17/49€1.27M€849k▼
Amounts payable after more than one year17€345k€324k▼
Financial debts170/4€345k€324k▼
Amounts payable within one year42/48€920k€525k▼
Current portion of amounts payable after more than one year42€25k€33k▲
Trade debts44€613k€219k▼
Suppliers440/4€613k€219k▼
Taxes, remuneration and social security45€30k€71k▲
Taxes450/3€10k€25k▲
Remuneration and social security454/9€20k€46k▲
Other amounts payable47/48€253k€202k▼
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€208k€275k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€22k▲
Other operating charges640/8€128€5k▲
Gross operating margin9900€82k€184k▲
Operating profit (loss)9901€-145k€-117k▲
Financial income75/76B€1k€118k▲
Recurring financial income75€1k€118k▲
Financial charges65/66B€11k€14k▲
Recurring financial charges65€11k€14k▲
Profit (loss) for the period before taxes9903€-155k€-13k▲
Income taxes67/77€363€433▲
Profit (loss) for the period9904€-155k€-14k▲
Profit (loss) for the period to be appropriated9905€-155k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-624k€-637k▼
Profit (loss) brought forward from the previous period14P€-468k€-624k▼
Social balance
Average headcount (FTE)90874.95.4▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · THESTUFF BV RUSATIRA- LAAN 10, 1083 GANSHOREN · event 05-08-2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
26-09
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · amiable · event 13-09-2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet €-468k ▼1571%
Net result drops to €-468k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Ganshoren · 1 establishment unit since 2021
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.
Rusatiralaan 101083 GanshorenGround area
3,334 m²
Building footprint
1,244 m²
Volume, LiDAR
8,233 m³
Parcel 21392A0008/00L005, Brussels · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rusatiralaan 10, 1083 Ganshoren
since 20212.322.167.825
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392A0008/00L005 | Brussels | 3,334 m² | 1 · 1,244 m² | 8.4 m · 2 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-79 B23, 1020 BRUSSEL 2 |
05-08-2025 → present |
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Of 1,276 companies in sector 46160 we hold annual accounts for 686. 513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2021
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46421Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.