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VISHANDEL NELLIS

Active
Private limited companyfounded 20214 yrs activeRonsaardbekestraat 64, 8000 Brugge, BelgiumKBO/BCE: BE 0779.301.265
Summary

The computed 12-month bankruptcy probability of VISHANDEL NELLIS is 7.1% (elevated). The annual accounts of VISHANDEL NELLIS for fiscal year 2024 show a net loss of 72% of the equity at the start of that year. The 2024 annual accounts show equity of €4,725 and a net result of -€12,407. Equity is shrinking by ~33.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 28% of 26069 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
VISHANDEL NELLISActiveChecked score 32/100
Risk analysis ReportCompare

Overview

Activity
Retail trade
NACE 47230
1 site
Size
€69,223total assets 2024
Equity
€4,725
Loss
-€12,407
Turnover not published (abridged schema)
Financial health
32 Weak Checked score 2024
Bankruptcy chance 12 m
7.1%
Structure
Accounts 67 d overdue0 of 2 deeds read
Why 32- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late- Figures for FY 2024 (filed 08-10-2025)- Liquidity: current ratio 0.64, cash €168, halved- Founded in 2021Show the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 10% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 32-12
equity 6.8% of total assets
Liquidity 0-21
short-term debt 92.6% · cash 0.2%
Profitability 0-73
return on assets -17.9%
Bankruptcy probability, 12 months
7.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,158 companies)
Last 24 months 11-2024: 3.7% 12-2024: 3.7%● 0.0% vs 11-2024 01-2025: 3.6%▼ -1.9% vs 12-2024 02-2025: 3.6%● 0.0% vs 01-2025 03-2025: 3.6%▼ -0.5% vs 02-2025lowest value 04-2025: 3.7%▲ +2.3% vs 03-2025 05-2025: 3.7%▲ +0.7% vs 04-2025 06-2025: 3.7%▼ -0.5% vs 05-2025 07-2025: 3.7%▲ +1.4% vs 06-2025 08-2025: 4.4%▲ +18.0% vs 07-2025 09-2025: 4.3%▼ -3.2% vs 08-2025 10-2025: 5.4%▲ +26.5% vs 09-2025 11-2025: 4.8%▼ -10.5% vs 10-2025 12-2025: 4.7%▼ -1.7% vs 11-2025 01-2026: 4.7%● 0.0% vs 12-2025 02-2026: 4.7%● 0.0% vs 01-2026 03-2026: 4.7%● 0.0% vs 02-2026 04-2026: 4.7%▼ -0.4% vs 03-2026 05-2026: 4.8%▲ +2.1% vs 04-2026 06-2026: 4.8%▼ -0.4% vs 05-2026 07-2026: 4.8%● 0.0% vs 06-2026 08-2026: 5.6%▲ +17.3% vs 07-2026 09-2026: 5.8%▲ +3.5% vs 08-2026 10-2026: 7.1%▲ +22.3% vs 09-2026highest value
  • 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 08-10-2025) raises the probability
  • Liquidity: current ratio 0.64, cash €168, halved raises the probability
  • Founded in 2021 raises the probability for this profile
No publishable credit limit; 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 short (current ratio 0.64 against 0.73 in 2023; short-term debt: 92.6% and cash: 0.2% of total assets), and 93.2% 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 47, micro). Better than this share of them on solvency 24%, liquidity 2%, profitability 6%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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.

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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 08-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.64, cash €168, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
54 d late
2022
46 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 54 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Weakest financial yearnet -€12,407
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Among the weakest 16% on net resultsector median €4,449 · 26,038 companies -€12,407 View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Total assets 20243 fiscal years filed €69,223 View

By topic

Financials

Fiscal year
2024
Total assets
€69,223
Loss
-€12,407
Solvency
6.8%
Total assets▼ 24.3%
Net result
20222024
Go to Financials

Timeline

Events
4
Since
2023
  1. 30-09-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 23-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail tradeNACE 47230
Founded
23-12-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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