Wearable Stories
ActiveSummary
The computed 12-month bankruptcy probability of Wearable Stories is 1.7% (moderate). The 2024 annual accounts show negative equity (€-743k) and a net result of €-286k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9623 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 7.71 against 7.28 in 2023; short-term debt: 12.1% and cash: 1.1% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-127.7%
Return on assets
-49.2%
Age of the figures
21 mo
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-743k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
68 d late
2022
60 d late
2021
85 d late
2020
11 d early
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-743k▼ 62.6%
2023 · €-457k
2018: €-118k
2019: €-359k
2020: €-213k
2021: €-202k
2022: €-211k
2023: €-457k
2018 → 2024
Total assets
€582k▼ 18.2%
2023 · €712k
2018: €397k
2019: €431k
2020: €387k
2021: €472k
2022: €636k
2023: €712k
2018 → 2024
Net result
€-286k▼ 16.4%
2023 · €-246k
2018: €-188k
2019: €-241k
2020: €-4k
2021: €11k
2022: €-9k
2023: €-246k
2018 → 2024
Working capital
€472k▼ 16.5%
2023 · €565k
2018: €126k
2019: €88k
2020: €117k
2021: €300k
2022: €494k
2023: €565k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-213k-€-202k▲ 5.0%€-211k▼ 4.4%€-457k▼ 116%€-743k▼ 62.6%
Operating result€-888-€15k€-5k€-243k▼ 4,493%€-290k▼ 19.6%
Net result€-4k-€11k€-9k€-246k▼ 2,632%€-286k▼ 16.4%
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 €290k in 2024 against €243k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €582k
Fixed assets
€39k ▼ 29.9%
Current assets
€542k ▼ 17.3%
Key figures and ratios
EBITDA
€-274k▼
2023 · €-223k
Cash flow
€-269k▼
2023 · €-226k
Solvency
-127.7%▼
2023 · -64.2%
Current ratio
7.71▲
2023 · 7.28
Quick ratio
0.18▼
2023 · 1.40
Debt to equity
-1.78▲
2023 · -2.56
ROA
-49.2%▼
2023 · -34.5%
Interest coverage
-47.53▲
2023 · -73.48
Debt
€1.32M▲
2023 · €1.17M
Debt ≤ 1 year
€70k▼
2023 · €90k
Debt > 1 year
€1.24M▲
2023 · €1.07M
Income taxes
€244▲
2023 · €244
Staff costs
€112k▼
2023 · €154k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€712k€582k▼
Fixed assets21/28€56k€39k▼
Intangible fixed assets21€40k€26k▼
Tangible fixed assets22/27€9k€6k▼
Furniture and vehicles24€6k€3k▼
Other tangible fixed assets26€3k€3k=
Financial fixed assets28€7k€7k=
Current assets29/58€655k€542k▼
Stocks and contracts in progress3€529k€529k=
Stocks30/36€529k€529k=
Amounts receivable within one year40/41€115k€6k▼
Trade receivables40€112k€6k▼
Other amounts receivable41€3k€474▼
Cash at bank and in hand54/58€11k€7k▼
Deferred charges and accrued income490/1€475€0▼
Equity and liabilities
Total equity and liabilities10/49€712k€582k▼
Equity10/15€-457k€-743k▼
Contributions10/11€250k€250k=
Profit (loss) carried forward14€-707k€-993k▼
Amounts payable17/49€1.17M€1.32M▲
Amounts payable after more than one year17€1.07M€1.24M▲
Financial debts170/4€1.07M€1.24M▲
Amounts payable within one year42/48€90k€70k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€54k€16k▼
Suppliers440/4€54k€16k▼
Advances received on contracts in progress46€2k€82▼
Taxes, remuneration and social security45€16k€17k▲
Taxes450/3€2k€489▼
Remuneration and social security454/9€14k€16k▲
Other amounts payable47/48€19k€37k▲
Accrued charges and deferred income492/3€9k€11k▲
Income statement
Code20232024
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€154k€112k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€17k▼
Other operating charges640/8€8k€1k▼
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€-56k€-161k▼
Operating profit (loss)9901€-243k€-290k▼
Financial income75/76B€584€10k▲
Recurring financial income75€584€10k▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-245k€-286k▼
Income taxes67/77€244€244▲
Profit (loss) for the period9904€-246k€-286k▼
Profit (loss) for the period to be appropriated9905€-246k€-286k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-707k€-993k▼
Profit (loss) brought forward from the previous period14P€-461k€-707k▼
Social balance
Average headcount (FTE)90873.22.0▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 78 days late
2024
31-12
Financial
Weakest financial yearnet €-286k
Net result drops to €-286k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 5.14
Current ratio from 1.95 to 5.14; short-term debt falls from €122k to €72k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 109 days late
2019
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 148 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2016
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.
Ballaarstraat 69-712018 AntwerpenGround area
57 m²
Building footprint
52 m²
Volume, LiDAR
784 m³
Parcel 11810K1632/00T000, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Wearable Stories
since 20162.255.529.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1632/00T000 | Flanders | 57 m² | 1 · 52 m² | 17.4 m · 5 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.
Similar companies · same sector, comparable size
BLUE TRADING
BE 0846.391.514
Tournai · Eq €70k
Tex.Vision
BE 0695.854.541
Hechtel-Eksel · Eq €68k
ID DECO
BE 0552.613.156
Elsene · Eq €72k
CURTAIN TOUCH
BE 0693.953.440
Schaarbeek · Eq €75k
MADINA LEGUE BUSINESS
BE 0842.038.291
Schaarbeek · Eq €64k
Of 277 companies in sector 47519 we hold annual accounts for 130. 103 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47519Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.