Wine-not
ActiveWine-not has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €-8k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 72% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-25
Solvency94▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.71 against 3.13 in 2024; short-term debt: 23.6% and cash: 9.9% of total assets), and 31% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
69%
Return on assets
-2.7%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-12-2025, 54 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 · 10 filingsDeviation from the deadline
2025
54 d late
2024
29 d late
2023
28 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€204k▼ 3.8%
2024 · €212k
2019: €166k
2020: €170k
2021: €188k
2022: €200k
2023: €210k
2024: €212k
2019 → 2025
Total assets
€296k▼ 12.5%
2024 · €338k
2019: €342k
2020: €302k
2021: €301k
2022: €345k
2023: €355k
2024: €338k
2019 → 2025
Net result
€-8k
2024 · €4k
2019: €6k
2020: €3k
2021: €26k
2022: €15k
2023: €14k
2024: €4k
2019 → 2025
Working capital
€189k▼ 9.4%
2024 · €209k
2019: €182k
2020: €182k
2021: €197k
2022: €201k
2023: €210k
2024: €209k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€188k-€200k▲ 6.2%€210k▲ 5.3%€212k▲ 0.9%€204k▼ 3.8%
Operating result€35k-€23k▼ 35.5%€21k▼ 7.2%€8k▼ 60.5%€-5k
Net result€26k-€15k▼ 41.9%€14k▼ 10.9%€4k▼ 71.9%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296k
Fixed assets
€36k▲ 17.9%
Current assets
€259k▼ 15.6%
Equity and liabilities €296k
Equity
€204k▼ 3.8%
Debt
€92k▼ 27.2%
The debt ratio falls from 37.2% to 31.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €19k
Cash flow
€8k▼
2024 · €14k
Solvency
69.0%▲
2024 · 62.8%
Current ratio
3.71▲
2024 · 3.13
Quick ratio
1.48▲
2024 · 1.27
Debt / equity
0.45▼
2024 · 0.59
ROE
-4.0%▼
2024 · 1.8%
ROA
-2.7%▼
2024 · 1.1%
Interest coverage
3.31▼
2024 · 5.72
Debt
€92k▼
2024 · €126k
Debt ≤ 1 year
€70k▼
2024 · €98k
Debt > 1 year
€21k▼
2024 · €28k
Income taxes
€153▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€338k€296k▼
Fixed assets21/28€31k€36k▲
Intangible fixed assets21€204-
Tangible fixed assets22/27€31k€36k▲
Land and buildings22€16k€11k▼
Furniture and vehicles24€13k€24k▲
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€50€50=
Current assets29/58€307k€259k▼
Stocks and contracts in progress3€182k€156k▼
Stocks30/36€182k€156k▼
Amounts receivable within one year40/41€49k€46k▼
Trade receivables40€46k€42k▼
Other amounts receivable41€3k€4k▲
Current investments50/53€26k€27k▲
Cash at bank and in hand54/58€49k€29k▼
Deferred charges and accrued income490/1€705€917▲
Equity and liabilities
Total equity and liabilities10/49€338k€296k▼
Equity10/15€212k€204k▼
Contributions10/11€20k€20k=
Capital10€20k-
Issued capital100€20k-
Outside capital11-€20k
Other1109/19-€20k
Reserves13€125k€125k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€120k€120k=
Profit (loss) carried forward14€67k€58k▼
Amounts payable17/49€126k€92k▼
Amounts payable after more than one year17€28k€21k▼
Financial debts170/4€28k€21k▼
Amounts payable within one year42/48€98k€70k▼
Current portion of amounts payable after more than one year42€13k€17k▲
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€62k€35k▼
Suppliers440/4€62k€35k▼
Taxes, remuneration and social security45€16k€14k▼
Taxes450/3€16k€14k▼
Other amounts payable47/48€4k€1k▼
Accrued charges and deferred income492/3-€422
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€16k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-628-
Other operating charges640/8€5k€1k▼
Gross operating margin9900€23k€13k▼
Operating profit (loss)9901€8k€-5k▼
Financial income75/76B€65€190▲
Recurring financial income75€65€190▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€5k€-8k▼
Income taxes67/77€1k€153▼
Profit (loss) for the period9904€4k€-8k▼
Profit (loss) for the period to be appropriated9905€4k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€58k▼
Profit (loss) brought forward from the previous period14P€65k€67k▲
Profit to be distributed694/7€2k-
Directors or managers695€2k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
31-03
Financial
Weakest financial yearnet €-8k ▼313%
Net result drops to €-8k, the lowest in the series.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
31-03
Financial
Equity above €200kEq €210k ▲5.3%
5 profitable years in a row build equity to €210k.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €26k ▲746%
Operating result €35k, net result €26k, both a record.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
03-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 1998
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.
Collegestraat 391050 ElseneGround area
210 m²
Building footprint
211 m²
Volume, LiDAR
1,916 m³
Parcel 21442A0140/00M007, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Collegestraat 39, 1050 Elsene
since 19982.087.977.260
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0140/00M007 | Brussels | 210 m² | 1 · 211 m² | 16.3 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.087.977.260
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WIJNHUIS JEURIS
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ITOP
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INNESTO IMPORT EXPORT
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Fine Wine Buyers
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Lummen · Eq €201k
Of 1,051 companies in sector 46341 we hold annual accounts for 535. 375 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-1998
Fiscal year end31-03
Activities, NACEBEL
46341Wholesale of wines and spirits
47252Retail sale of beverages, general range
52250Logistics services
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.