Warehouse 5
ActiveSummary
The computed 12-month bankruptcy probability of Warehouse 5 is 3.0% (moderate). The 2025 annual accounts show equity of €48,801 and a net result of €20,499. Equity is growing by ~74.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 10519 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-4
Solvency54▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.23 in 2024; short-term debt: 71.3% and cash: 26.6% of total assets), and 71.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.7%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
26 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 26 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€48,801▲ 72.4%
2024 · €28,303
Total assets
€169,854▲ 17.4%
2024 · €144,630
Net result
€20,499▼ 5.8%
2024 · €21,764
Working capital
€46,862▲ 71.4%
2024 · €27,336
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€8,807-€29,031▲ 230%€26,870▼ 7.4%
Net result€4,038within the sector's middle half-€21,764within the sector's middle half▲ 439%€20,499within the sector's middle half▼ 5.8%
Equity€6,538below the sector's middle half-€28,303below the sector's middle half▲ 333%€48,801below the sector's middle half▲ 72.4%
Total assets€144,396below the sector's middle half-€144,630below the sector's middle half▲ 0.2%€169,854below the sector's middle half▲ 17.4%
Debt€137,858-€116,327▼ 15.6%€121,053▲ 4.1%
Working capital€5,730below the sector's middle half-€27,336within the sector's middle half▲ 377%€46,862within the sector's middle half▲ 71.4%
Solvency4.5%below the sector's middle half-19.6%within the sector's middle half▲ 15.0pp28.7%within the sector's middle half▲ 9.2pp
Current ratio1.04below the sector's middle half-1.23within the sector's middle half▲ 0.191.39within the sector's middle half▲ 0.15
Return on assets (ROA)2.8%within the sector's middle half-15.0%above the sector's middle half▲ 12.3pp12.1%above the sector's middle half▼ 3.0pp
Staff (FTE)8.4above the sector's middle half-9.8above the sector's middle half▲ 16.7%8.6above the sector's middle half▼ 12.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169,854
Fixed assets
€1,939 ▲ 101%
Current assets
€167,915 ▲ 16.9%
Equity and liabilities €169,854
Equity
€48,801 ▲ 72.4%
Debt
€121,053 ▲ 4.1%
Debt's share of the balance-sheet total falls from 80.4% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,883▼
2024 · €29,682
Cash flow
€21,512▼
2024 · €22,415
Debt to equity
2.48▼
2024 · 4.11
ROE
42.0%▼
2024 · 76.9%
Interest coverage
58.68▲
2024 · 38.77
Debt ≤ 1 year
€121,053▲
2024 · €116,327
Income taxes
€6,520▼
2024 · €7,109
Staff costs
€341,583▼
2024 · €384,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €473,201 | €384,500 | €341,583 | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,533 | €651 | €1,013 | ▲ 55.7% |
| Other operating charges640/8 | €1,107 | €1,311 | €1,342 | ▲ 2.3% |
| Gross operating margin9900 | €485,648 | €415,493 | €370,808 | ▼ 10.8% |
| Operating profit (loss)9901 | €8,807 | €29,031 | €26,870 | ▼ 7.4% |
| Financial income75/76B | €89 | €607 | €624 | ▲ 2.8% |
| Recurring financial income75 | €89 | €607 | €624 | ▲ 2.8% |
| Financial charges65/66B | €1,913 | €766 | €475 | ▼ 37.9% |
| Recurring financial charges65 | €1,913 | €766 | €475 | ▼ 37.9% |
| Profit (loss) for the period before taxes9903 | €6,983 | €28,873 | €27,019 | ▼ 6.4% |
| Income taxes67/77 | €2,945 | €7,109 | €6,520 | ▼ 8.3% |
| Profit (loss) for the period9904 | €4,038 | €21,764 | €20,499 | ▼ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €4,038 | €21,764 | €20,499 | ▼ 5.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €144,396 | €144,630 | €169,854 | ▲ 17.4% |
| Fixed assets21/28 | €808 | €966 | €1,939 | ▲ 101% |
| Tangible fixed assets22/27 | €808 | €966 | €1,732 | ▲ 79.2% |
| Plant, machinery and equipment23 | - | €541 | €931 | ▲ 72.1% |
| Furniture and vehicles24 | €808 | €425 | €801 | ▲ 88.3% |
| Financial fixed assets28 | - | - | €207 | - |
| Current assets29/58 | €143,588 | €143,663 | €167,915 | ▲ 16.9% |
| Amounts receivable within one year40/41 | €56,243 | €55,725 | €45,785 | ▼ 17.8% |
| Trade receivables40 | €56,243 | €55,483 | €45,785 | ▼ 17.5% |
| Other amounts receivable41 | - | €242 | €0 | ▼ 100% |
| Current investments50/53 | €50,063 | €70,088 | €75,939 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €36,546 | €17,149 | €45,242 | ▲ 164% |
| Deferred charges and accrued income490/1 | €736 | €702 | €949 | ▲ 35.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €144,396 | €144,630 | €169,854 | ▲ 17.4% |
| Equity10/15 | €6,538 | €28,303 | €48,801 | ▲ 72.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €4,038 | €25,803 | €46,301 | ▲ 79.4% |
| Distributable reserves133 | €4,038 | €25,803 | €46,301 | ▲ 79.4% |
| Amounts payable17/49 | €137,858 | €116,327 | €121,053 | ▲ 4.1% |
| Amounts payable within one year42/48 | €137,858 | €116,327 | €121,053 | ▲ 4.1% |
| Financial debts43 | €15,187 | €17,819 | €23,363 | ▲ 31.1% |
| Credit institutions430/8 | €15,187 | €17,819 | €23,363 | ▲ 31.1% |
| Trade debts44 | €62,827 | €42,885 | €48,105 | ▲ 12.2% |
| Suppliers440/4 | €62,827 | €42,885 | €48,105 | ▲ 12.2% |
| Taxes, remuneration and social security45 | €59,806 | €55,563 | €48,550 | ▼ 12.6% |
| Taxes450/3 | €19,881 | €21,337 | €10,785 | ▼ 49.5% |
| Remuneration and social security454/9 | €39,926 | €34,226 | €37,765 | ▲ 10.3% |
| Other amounts payable47/48 | €37 | €61 | €1,036 | ▲ 1,610% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,038 | €21,764 | €20,499 | ▼ 5.8% |
| + Depreciation and write-downs630 | €2,533 | €651 | €1,013 | ▲ 55.7% |
| Operating cash flow (approximation) | €6,571 | €22,415 | €21,512 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | -€809 | -€1,986 | ▼ 145% |
| Change in cash | - | -€19,397 | €28,093 | ▲ 245% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Highest result since 2023net €21,764 ▲439%
Operating result €29,031, net result €21,764, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Roeselare · 3 establishment units since 2022
Ground area
6.8 ha
Building footprint
8,016 m²
Volume, LiDAR
12,480 m³
4 parcels, Flanders · tallest building 53.6 m, ±5 floors. Linked by address, not a title deed.
62
companies at this address
See who is registered here
3 establishment units
JBC
since 20222.331.486.753
JBC
since 20232.344.840.584
JBC
since 20232.348.013.771
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035B0074/00K003 | Flanders | 4.3 ha | 1 · 5,047 m² | - |
| 44011A0896/00B011 | Flanders | 1.7 ha | 1 · 565 m² | 8.2 m · 1 fl. |
| 38025E0328/00T000 | Flanders | 5,119 m² | 1 · 2,006 m² | 6.7 m |
| 36017A1279/00F000 | Flanders | 3,013 m² | 1 · 398 m² | 53.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 117 EUR awarded · 117 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 117 EUR |
| 2024 | 1 | 117 EUR | 0 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,851 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0786381968
Also
9925:BE0786381968
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.