Equity
-€8,855
Debts exceed assets in financial year 2025.
VOW
Lifetime
3 annual accounts with figures on one time axispeak €65,761 (2023)
-€50,811▼ €60,666
lowest -€51,000 (2025)
-€51,000▼ €37,559
peak €55,584 (2023)
-€8,855▼ €51,000
€11,726▼ 53.9%
Board1 name since 2023
1 directorFRAITURE Céline Anne Michel
Documentsfilings and deeds
24-09-202655 days late
2025micro format
Gross margin from €9,854 to -€50,811Loss of €51,000Company renamed from Prism Management to VOW 11-03Equity from €42,144 to -€8,855Debts from €25,458 to €11,726Cash from €1,149 to €600
Key points
from the 2025 annual accountsLosses
-€64,440 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Position in the sector
-308.5%
Lower solvency than 95% of companies in retail trade. Sector median 33.1% · 22,917 companies.
2025 accounts filed 55 days after the deadlineTurnover not published (micro format)
Checked score
49
Fair
Financially stronger than 10% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
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 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.5 percentage points vs 07-2025
09-2025: 1.1%▲ +0.1 percentage points vs 08-2025
10-2025: 3.3%▲ +2.2 percentage points vs 09-2025
11-2025: 3.3%● unchanged vs 10-2025
12-2025: 3.2%▼ -0.1 percentage points vs 11-2025
01-2026: 3.2%● unchanged vs 12-2025
02-2026: 3.2%● unchanged vs 01-2026
03-2026: 3.1%▼ -0.1 percentage points vs 02-2026
04-2026: 3.2%▲ +0.1 percentage points vs 03-2026
05-2026: 3.2%● unchanged vs 04-2026
06-2026: 3.2%● unchanged vs 05-2026
07-2026: 3.3%▲ +0.1 percentage points vs 06-2026
08-2026: 3.9%▲ +0.6 percentage points vs 07-2026
09-2026: 4.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 2.7%▼ -1.3 percentage points vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 55 days late; 2 of the last 3 accounts late
Negative equity -€8,855
lowers risk
Size: total assets €2,870
Liquidity: current ratio 0.24, cash €600
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 6% of them on solvency, 24% on liquidity, 6% on profitability and 5% 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 moderate class on 30-06-2025, 2.4% 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, 7,639 companies had the same profile as VOW has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VOW itself: 2.7% 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 7,639 companies, not a prediction for VOW. 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 credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€8,855
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 3 filingsDeviation from the deadline
2025
55 days late
2024
53 days late
2023
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 46 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 (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 22 September (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800724508
Company renamed from Prism Management to VOW
“Overige zakelijke dienstverlening; Het voeren van alle verrichtingen die rechtstreeks of onrechtstreeks…” (deed in Dutch) · General meeting of 27-02-2025 · Gazette deed
First establishment
Prism Management, De Brouwerstraat 52, Tienen
Incorporation
Founding capital of €5,000, 100 shares · Founder: FRAITURE Céline Anne Michel · Appointment: FRAITURE Céline Anne Michel (director) · published on 17-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as VOW: retail sale of cosmetics and toilet articles (NACE 47750). They are comparable in size and age: total assets between €1,550 and €5,440, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 13-04-2023Normal situation
- Activity
- Retail sale of cosmetics and toilet articlesNACE 47750and 4 others
- Establishment unit
- 2.344.835.9333300 Tienen, since 24-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on VOW
VOW files the micro format. That format states no turnover. The gross margin fell from €65,761 in 2023 to -€50,811 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 VOW
- What is the company number of VOW?
- The company number of VOW is 0800.724.508. The VAT number is the same number with BE in front: BE 0800.724.508.
- Where is VOW based?
- The registered office is at De Brouwerstraat 52, 3300 Tienen.Company details
- What does VOW do?
- According to the KBO register, the main activity is retail sale of cosmetics and toilet articles (NACE 47750).
- What is the legal form of VOW?
- VOW is a private limited company (BV).
- When was VOW founded?
- VOW was founded on 13-04-2023.
- Is VOW still active?
- Yes, VOW is an active enterprise in the KBO register.
- What is the turnover of VOW?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is VOW profitable?
- In financial year 2025, VOW made a loss of €51,000.
- Where can I find the annual accounts of VOW?
- VOW filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VOW due?
- VOW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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