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20.20.20.

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 199036 yrs activeRue de Hesbaye 180, 4000 Liège, BelgiumKBO/BCE: BE 0440.243.012
Summary

20.20.20. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€77,971) and a net result of -€4,997. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 5% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
20.20.20.ActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of wines and spirits
NACE 47251
1 site
Size
€2,007total assets 2025
Equity
-€77,971
Loss
-€4,997
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
1.4%
Structure
Accounts 16 d early0 of 1 deed read
Why 54Capped at 59: negative equity- Loss of €4,997, the second in a row (FY 2025)- Negative equity -€77,971- Sector Retail trade (NACE 47)+ Size: total assets €2,007Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 23% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -3884.8% of total assets
Liquidity 50=
short-term debt 3835.3% · cash 100.0%
Profitability 0=
return on assets -249.0%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,919 companies)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● 0.0% vs 11-2024 01-2025: 0.6%▼ -1.0% vs 12-2024 02-2025: 0.6%● 0.0% vs 01-2025 03-2025: 0.6%▼ -0.3% vs 02-2025 04-2025: 0.6%▲ +1.0% vs 03-2025 05-2025: 0.6%▼ -1.1% vs 04-2025 06-2025: 0.6%▼ -2.1% vs 05-2025lowest value 07-2025: 0.8%▲ +29.3% vs 06-2025 08-2025: 1.3%▲ +64.9% vs 07-2025 09-2025: 1.3%● 0.0% vs 08-2025 10-2025: 1.3%● 0.0% vs 09-2025 11-2025: 1.3%● 0.0% vs 10-2025 12-2025: 1.3%● 0.0% vs 11-2025 01-2026: 1.3%▼ -1.0% vs 12-2025 02-2026: 1.3%● 0.0% vs 01-2026 03-2026: 1.3%▲ +0.9% vs 02-2026 04-2026: 1.2%▼ -3.5% vs 03-2026 05-2026: 1.2%▼ -0.5% vs 04-2026 06-2026: 1.2%▼ -2.1% vs 05-2026 07-2026: 1.4%▲ +16.8% vs 06-2026highest value 08-2026: 1.4%▼ -2.5% vs 07-2026 09-2026: 1.4%● 0.0% vs 08-2026 10-2026: 1.4%● 0.0% vs 09-2026
  • Size: total assets €2,007 lowers the probability for this profile
  • Loss of €4,997, the second in a row (FY 2025) raises the probability
  • Negative equity -€77,971 raises the probability
  • Sector Retail trade (NACE 47) raises the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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 6%, liquidity 52%, profitability 6%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €2,007
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €4,997, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€77,971
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192022232425
2018 to 2025 · latest year -€77,971
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
3 d early
2023
20 d late
2022
6 d early
2020
31 d late
2019
87 d late
2018
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 25 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 (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 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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 2025 · micro…
  2. Weakest financial yearnet -€4,997
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€77,971 View
  • Caution: Among the weakest 5% on solvencysector median 34.1% · 21,069 companies -3884.8% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€4,997 View

By topic

Financials

Fiscal year
2025
Total assets
€2,007
Loss
-€4,997
Solvency
-3884.8%
Total assets▼ 34.2%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-07-2027
  1. 15-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 28-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Coöperatieve vennootschap met beperkte aansprakelijkheid
Activity
Retail sale of wines and spiritsNACE 47251
Founded
01-04-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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