Equity
€12,067 from €131,159 in 2023
Equity fell by 91% in 1 year.
UMAR
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2005peak €297,631 (2015)
€70,846▼ 61.8%
lowest -€119,092 (2024)
-€119,092▼ €124,530
peak €131,159 (2023)
€12,067▼ 90.8%
€342,321▼ 21.6%
peak 9.3 FTE (2015)
5.8 FTE▼ 10.8%
Board1 name since 2021
1 directorSABER Abdul Naveed
Documentsfilings and deeds
29-09-202560 days late
2024abbreviated format
Gross margin from €185,400 to €70,846Loss of €119,092Staff from 6.5 FTE to 5.8 FTEReappointment: SABER Abdul Naveed (director) 05-01Equity from €131,159 to €12,067Debts from €436,904 to €342,321
Key points
from the 2024 annual accountsDebts
€342,321 97% of the balance sheet
Suppliers 74%Taxes and wages 4%Other 22%
Investments
€15,694 31.8 × depreciation
Green is investment, beige is depreciation.
Staff
6 employees on 31-12-2024
In 2024, 14 people joined and 15 left.
Filings
20 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€119,092
Lower net result than 95% of companies in retail trade. Sector median €44,682 · 9,540 companies.
Checked score
35
Weak
Financially stronger than 12% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025lowest value
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 4.4%▲ +3.0 percentage points vs 09-2025
11-2025: 4.4%● unchanged vs 10-2025
12-2025: 4.4%● unchanged vs 11-2025
01-2026: 4.4%● unchanged vs 12-2025
02-2026: 4.4%● unchanged vs 01-2026
03-2026: 4.3%▼ -0.1 percentage points vs 02-2026
04-2026: 4.3%● unchanged vs 03-2026
05-2026: 4.1%▼ -0.2 percentage points vs 04-2026
06-2026: 3.9%▼ -0.2 percentage points vs 05-2026
07-2026: 4.0%▲ +0.1 percentage points vs 06-2026
08-2026: 4.5%▲ +0.5 percentage points vs 07-2026
09-2026: 4.3%▼ -0.2 percentage points vs 08-2026
10-2026: 4.7%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 4.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €119,092 (financial year 2024)
Equity €12,067 (3.4% of total assets)
1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 3 of the last 3 accounts late
lowers risk
Founded in 2004
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 21% of them on solvency, 15% on liquidity, 6% on profitability and 6% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 540 companies had the same profile as UMAR has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of UMAR itself: 4.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 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 540 companies, not a prediction for UMAR. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.98 (1.29 in 2023), below 1. Short-term debt is 96.6% and cash 12.8% of total assets. 96.6% 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
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9538 sector peers (2024).
NBB · sector comparisonPosition among 9538 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 60 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not filed
2024
60 days late
2023
96 days late
2022
305 days late
2021
670 days late
2020
89 days late
2019
121 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 224 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866813180
Reappointment: SABER Abdul Naveed (director)
Gazette deed
Incorporation
published on 25-08-2004 · Gazette deed
First establishment
Q8 - A 12, Boomsesteenweg 810, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| UMAR Antwerp | €354,388 | €70,846 | 3.4% | 5.8 |
| WAVE Antwerp | €303,399 | €202,754 | 48.2% | 3.1 |
| AVENUE Vosselaar | €409,251 | €91,506 | 78.6% | - |
| ROET Puurs-Sint-Amands | €248,403 | €74,304 | 69.2% | - |
| 'T SALOON DAMES Heist-op-den-Berg | €317,207 | €81,979 | 17.7% | - |
| LIEVENS KLEDING Geel | €487,206 | €131,772 | 84.3% | 2.4 |
| MAXIMS FASHION Roeselare | €437,212 | €221,367 | 35.9% | 4.4 |
These companies have the same main activity as UMAR: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €248,000 and €487,000, founded between 1989 and 2011.
Official details
Source: KBO- Status
- Active since 17-08-2004Normal situation
- Activity
- Retail sale of women's outerwearNACE 47711and 2 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.139.235.2282610 Antwerp, since 17-08-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 23-05-2026
Annual accounts 2024
- ≈ €340,000estimated
- €354,388▼ 37.6%
- Employeeson 31-12-2024
- 6▼ 14.3%
- Filing
- Filed on 29-09-2025
Insights on UMAR
UMAR files the abbreviated format. That format states no turnover. The gross margin rose from €50,304 in 2006 to €70,846 in 2024.
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 UMAR
- What is the company number of UMAR?
- The company number of UMAR is 0866.813.180. The VAT number is the same number with BE in front: BE 0866.813.180.
- Where is UMAR based?
- The registered office is at Boomsesteenweg 810, 2610 Antwerp.Company details
- What does UMAR do?
- According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
- What is the legal form of UMAR?
- UMAR is a private limited company (BV).
- When was UMAR founded?
- UMAR was founded on 17-08-2004.
- Is UMAR still active?
- Yes, UMAR is an active enterprise in the KBO register.
- How many employees does UMAR have?
- UMAR had an average of 5.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does UMAR fall under?
- In its 2024 annual accounts, UMAR states joint committees 100 (Auxiliary committee for blue-collar workers) and 201 (Independent retail).
- What is the turnover of UMAR?
- The turnover in financial year 2024 is ≈ €340,000. This figure is estimated from the gross margin of €70,846 and 74 comparable companies (NACE 477). It probably lies between €170,000 and €500,000.
- Is UMAR profitable?
- In financial year 2024, UMAR made a loss of €119,092.
- Where can I find the annual accounts of UMAR?
- UMAR filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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