013
ActiveSummary
013 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104,755 and a net result of €1,954. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-30
Solvency85▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.12 in 2023; short-term debt: 40.2% and cash: 12.5% of total assets), and 40.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
59.8%
Return on assets
1.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €104,755
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
14 d early
2022
3 d early
2021
30 d late
2020
25 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€104,755▲ 1.9%
2023 · €102,800
Total assets
€175,052▼ 6.9%
2023 · €187,978
Net result
€1,954▼ 97.3%
2023 · €71,456
Working capital
€70,570▼ 16.7%
2023 · €84,744
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€17,716▲ 26.6%€8,273€16,926▲ 105%€105,548▲ 524%€4,821▼ 95.4%
Net result€3,942▼ 18.5%€13,557▲ 244%€16,754▲ 23.6%€71,456▲ 327%€1,954▼ 97.3%
Equity€1,033€14,590▲ 1,313%€31,344▲ 115%€102,800▲ 228%€104,755▲ 1.9%
Total assets€219,229▼ 14.1%€176,722▼ 19.4%€170,975▼ 3.3%€187,978▲ 9.9%€175,052▼ 6.9%
Debt€218,196▼ 15.5%€162,132▼ 25.7%€139,631▼ 13.9%€85,178▼ 39.0%€70,297▼ 17.5%
Working capital-€54,706▲ 11.8%€21,113€19,839▼ 6.0%€84,744▲ 327%€70,570▼ 16.7%
Staff (FTE)2.4▼ 11.1%2.1▼ 12.5%1.5▼ 28.6%1.4▼ 6.7%1▼ 28.6%
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 2024; 2024 is 95% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175,052
Fixed assets
€34,184 ▲ 23.1%
Current assets
€140,867 ▼ 12.1%
Equity and liabilities €175,052
Equity
€104,755 ▲ 1.9%
Debt
€70,297 ▼ 17.5%
Debt's share of the balance-sheet total falls from 45.3% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,013▼
2023 · €115,663
Cash flow
€13,146▼
2023 · €81,571
Current ratio
2.00▼
2023 · 2.12
Quick ratio
0.50▲
2023 · 0.49
Debt to equity
0.67▼
2023 · 0.83
ROE
1.9%▼
2023 · 69.5%
ROA
1.1%▼
2023 · 38.0%
Interest coverage
11.71▼
2023 · 25.19
Debt ≤ 1 year
€70,297▼
2023 · €75,455
Income taxes
€1,500▼
2023 · €29,500
Staff costs
€37,079▼
2023 · €41,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 10,891 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €95,016 | €65,378 | €41,578 | €37,079 | ▼ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,315 | €8,739 | €11,407 | €10,115 | €11,191 | ▲ 10.6% |
| Other operating charges640/8 | - | €1,561 | €1,416 | €856 | €644 | ▼ 24.8% |
| Gross operating margin9900 | €77,249 | €113,589 | €95,127 | €158,097 | €53,736 | ▼ 66.0% |
| Operating profit (loss)9901 | -€17,716 | €8,273 | €16,926 | €105,548 | €4,821 | ▼ 95.4% |
| Financial income75/76B | - | €8,738 | €5,693 | - | - | - |
| Recurring financial income75 | €24,689 | €8,738 | €5,693 | - | - | - |
| Financial charges65/66B | - | €3,454 | €5,865 | €4,592 | €1,367 | ▼ 70.2% |
| Recurring financial charges65 | €3,031 | €3,454 | €5,865 | €4,592 | €1,367 | ▼ 70.2% |
| Profit (loss) for the period before taxes9903 | €3,942 | €13,557 | €16,754 | €100,956 | €3,454 | ▼ 96.6% |
| Income taxes67/77 | - | - | - | €29,500 | €1,500 | ▼ 94.9% |
| Profit (loss) for the period9904 | €3,942 | €13,557 | €16,754 | €71,456 | €1,954 | ▼ 97.3% |
| Profit (loss) for the period to be appropriated9905 | €3,942 | €13,557 | €16,754 | €71,456 | €1,954 | ▼ 97.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219,229 | €176,722 | €170,975 | €187,978 | €175,052 | ▼ 6.9% |
| Fixed assets21/28 | €55,739 | €43,478 | €37,894 | €27,779 | €34,184 | ▲ 23.1% |
| Intangible fixed assets21 | €0 | - | €2,546 | €2,025 | €1,505 | ▼ 25.7% |
| Tangible fixed assets22/27 | €55,739 | €43,478 | €35,348 | €25,754 | €25,495 | ▼ 1.0% |
| Plant, machinery and equipment23 | - | €38,814 | €28,646 | €20,831 | €22,090 | ▲ 6.0% |
| Furniture and vehicles24 | - | €4,664 | €6,702 | €4,923 | €3,405 | ▼ 30.8% |
| Financial fixed assets28 | - | - | - | - | €7,185 | - |
| Current assets29/58 | €163,490 | €133,244 | €133,081 | €160,199 | €140,867 | ▼ 12.1% |
| Stocks and contracts in progress3 | €138,007 | €79,620 | €91,411 | €123,200 | €105,485 | ▼ 14.4% |
| Stocks30/36 | - | €79,620 | €91,411 | €123,200 | €105,485 | ▼ 14.4% |
| Amounts receivable within one year40/41 | €16,981 | €22,258 | €35,640 | €7,364 | €9,082 | ▲ 23.3% |
| Trade receivables40 | - | €15,352 | €28,277 | - | - | - |
| Other amounts receivable41 | - | €6,906 | €7,364 | €7,364 | €9,082 | ▲ 23.3% |
| Cash at bank and in hand54/58 | €8,502 | €31,367 | €5,692 | €27,078 | €21,963 | ▼ 18.9% |
| Deferred charges and accrued income490/1 | - | - | €338 | €2,557 | €4,337 | ▲ 69.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219,229 | €176,722 | €170,975 | €187,978 | €175,052 | ▼ 6.9% |
| Equity10/15 | €1,033 | €14,590 | €31,344 | €102,800 | €104,755 | ▲ 1.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | - | €50,000 | €50,000 | = |
| Distributable reserves133 | - | - | - | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€11,367 | €2,190 | €18,944 | €40,400 | €42,355 | ▲ 4.8% |
| Amounts payable17/49 | €218,196 | €162,132 | €139,631 | €85,178 | €70,297 | ▼ 17.5% |
| Amounts payable after more than one year17 | - | €50,000 | €26,389 | €9,722 | - | - |
| Financial debts170/4 | - | €50,000 | €26,389 | €9,722 | - | - |
| Amounts payable within one year42/48 | €218,196 | €112,132 | €113,242 | €75,455 | €70,297 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | €16,667 | €16,667 | €8,310 | ▼ 50.1% |
| Financial debts43 | - | - | €42,610 | - | - | - |
| Credit institutions430/8 | - | - | €42,610 | - | - | - |
| Trade debts44 | €58,176 | €47,633 | €36,889 | €13,793 | €12,435 | ▼ 9.8% |
| Suppliers440/4 | - | €47,633 | €36,889 | €13,793 | €12,435 | ▼ 9.8% |
| Taxes, remuneration and social security45 | - | €31,667 | €7,681 | €44,996 | €47,696 | ▲ 6.0% |
| Taxes450/3 | - | €22,680 | €6,670 | €42,034 | €43,858 | ▲ 4.3% |
| Remuneration and social security454/9 | - | €8,987 | €1,011 | €2,963 | €3,838 | ▲ 29.6% |
| Other amounts payable47/48 | - | €32,832 | €9,395 | - | €1,856 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,942 | €13,557 | €16,754 | €71,456 | €1,954 | ▼ 97.3% |
| + Depreciation and write-downs630 | €18,315 | €8,739 | €11,407 | €10,115 | €11,191 | ▲ 10.6% |
| Operating cash flow (approximation) | €22,257 | €22,296 | €28,161 | €81,571 | €13,146 | ▼ 83.9% |
| Investment in fixed assets (approximation) | - | €3,522 | -€5,823 | €0 | -€17,597 | - |
| Change in cash | - | €22,865 | -€25,674 | €21,385 | -€5,115 | ▼ 124% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €71,456 ▲327%
Operating result €105,548, net result €71,456, both a record.
31-12
Financial
Equity above €100,000Eq €102,800 ▲228%
6 profitable years in a row build equity to €102,800.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2015
Ground area
359 m²
Building footprint
282 m²
Volume, LiDAR
4,501 m³
Parcel 44805E0287/00N000, Flanders · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rewind
since 20152.244.727.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0287/00N000 | Flanders | 359 m² | 1 · 282 m² | 20.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
-
30%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 567 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 (pre-2019)
Founded06-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0634908352
Registered
10-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.