89
ActiveSummary
89 has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€18,162) and a net result of €1,303. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▲+40
Solvency17▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 0.9 in 2023; short-term debt: 99% of total assets), and equity is negative.
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Signals
Five 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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% 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
-7.9%
Return on assets
0.6%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 540 sector peers (2024).
NBB · sector comparisonPosition among 540 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
29 d late
2022
63 d late
2021
52 d early
2020
145 d early
2019
21 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€18,162▲ 6.7%
2023 · -€19,465
Total assets
€229,903▲ 1.1%
2023 · €227,391
Net result
€1,303
2023 · -€60,074
Working capital
-€13,353▲ 42.8%
2023 · -€23,349
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, 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
Line20202021202220232024
Operating result€14,230▲ 222%€12,866▼ 9.6%€13,580▲ 5.5%-€55,144€7,329
Net result€9,790within the sector's middle half€7,253within the sector's middle half▼ 25.9%€5,667within the sector's middle half▼ 21.9%-€60,074below the sector's middle half€1,303within the sector's middle half
Equity€27,689within the sector's middle half▲ 54.7%€34,942within the sector's middle half▲ 26.2%€40,609within the sector's middle half▲ 16.2%-€19,465below the sector's middle half-€18,162below the sector's middle half▲ 6.7%
Total assets€163,051within the sector's middle half▲ 7.8%€205,417within the sector's middle half▲ 26.0%€265,130within the sector's middle half▲ 29.1%€227,391within the sector's middle half▼ 14.2%€229,903within the sector's middle half▲ 1.1%
Debt€135,363▲ 1.5%€170,475▲ 25.9%€224,521▲ 31.7%€246,856▲ 9.9%€248,065▲ 0.5%
Working capital-€13,267below the sector's middle half€13,498within the sector's middle half€26,981within the sector's middle half▲ 99.9%-€23,349below the sector's middle half-€13,353below the sector's middle half▲ 42.8%
Solvency17.0%within the sector's middle half▲ 5.1pp17.0%within the sector's middle half=15.3%within the sector's middle half▼ 1.7pp-8.6%below the sector's middle half▼ 23.9pp-7.9%below the sector's middle half▲ 0.7pp
Current ratio0.90within the sector's middle half▼ 0.191.09within the sector's middle half▲ 0.191.13within the sector's middle half▲ 0.040.90below the sector's middle half▼ 0.230.94within the sector's middle half▲ 0.04
Return on assets (ROA)6.0%within the sector's middle half▲ 8.6pp3.5%within the sector's middle half▼ 2.5pp2.1%within the sector's middle half▼ 1.4pp-26.4%below the sector's middle half▼ 28.6pp0.6%within the sector's middle half▲ 27.0pp
Staff (FTE)0.5below the sector's middle half=11=
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7,329 after a loss of €55,144 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €229,903
Fixed assets
€15,545 ▼ 32.5%
Current assets
€214,358 ▲ 4.9%
Key figures and ratios
EBITDA
€14,803▲
2023 · -€47,285
Cash flow
€8,776▲
2023 · -€52,215
Quick ratio
0.08▲
2023 · 0.07
Debt to equity
-13.66▼
2023 · -12.68
Interest coverage
2.51▲
2023 · -9.69
Debt ≤ 1 year
€227,711=
2023 · €227,722
Debt > 1 year
€15,595=
2023 · €15,595
Income taxes
€140▲
2023 · €132
Staff costs
€30,953▲
2023 · €23,145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 1,381 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 | - | €14,585 | €21,650 | €23,145 | €30,953 | ▲ 33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €426 | €7,843 | €7,816 | €7,859 | €7,474 | ▼ 4.9% |
| Other operating charges640/8 | - | €1,810 | €3,287 | €2,729 | €2,172 | ▼ 20.4% |
| Non-recurring operating charges66A | - | €0 | - | €12,330 | €0 | ▼ 100% |
| Gross operating margin9900 | €24,744 | €37,104 | €46,333 | -€9,081 | €47,928 | ▲ 628% |
| Operating profit (loss)9901 | €14,230 | €12,866 | €13,580 | -€55,144 | €7,329 | ▲ 113% |
| Financial income75/76B | - | €4 | €0 | €83 | €17 | ▼ 79.2% |
| Recurring financial income75 | €149 | €4 | €0 | €83 | €17 | ▼ 79.2% |
| Financial charges65/66B | - | €4,444 | €4,515 | €4,881 | €5,904 | ▲ 20.9% |
| Recurring financial charges65 | €4,452 | €4,444 | €4,515 | €4,881 | €5,904 | ▲ 20.9% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,905 | €8,427 | €9,066 | -€59,943 | €1,442 | ▲ 102% |
| Income taxes67/77 | €114 | €1,174 | €3,398 | €132 | €140 | ▲ 6.1% |
| Profit (loss) for the period9904 | €9,790 | €7,253 | €5,667 | -€60,074 | €1,303 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €9,790 | €7,253 | €5,667 | -€60,074 | €1,303 | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,051 | €205,417 | €265,130 | €227,391 | €229,903 | ▲ 1.1% |
| Fixed assets21/28 | €41,033 | €37,039 | €29,223 | €23,018 | €15,545 | ▼ 32.5% |
| Tangible fixed assets22/27 | €36,783 | €29,489 | €21,673 | €15,468 | €7,995 | ▼ 48.3% |
| Plant, machinery and equipment23 | - | €28,389 | €21,247 | €15,468 | €7,995 | ▼ 48.3% |
| Furniture and vehicles24 | - | €1,099 | €426 | €0 | - | - |
| Financial fixed assets28 | €4,250 | €7,550 | €7,550 | €7,550 | €7,550 | = |
| Current assets29/58 | €122,018 | €168,378 | €235,907 | €204,373 | €214,358 | ▲ 4.9% |
| Stocks and contracts in progress3 | €107,754 | €143,480 | €206,032 | €189,369 | €195,360 | ▲ 3.2% |
| Stocks30/36 | - | €143,480 | €206,032 | €189,369 | €195,360 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €10,749 | €20,856 | €24,372 | €13,523 | €18,126 | ▲ 34.0% |
| Trade receivables40 | - | €20,856 | €23,303 | €13,464 | €17,618 | ▲ 30.9% |
| Other amounts receivable41 | - | €0 | €1,069 | €59 | €509 | ▲ 765% |
| Deferred charges and accrued income490/1 | - | €4,042 | €5,503 | €1,481 | €871 | ▼ 41.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,051 | €205,417 | €265,130 | €227,391 | €229,903 | ▲ 1.1% |
| Equity10/15 | €27,689 | €34,942 | €40,609 | -€19,465 | -€18,162 | ▲ 6.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,089 | €16,342 | €22,009 | €22,009 | €22,009 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €207 | €207 | €207 | €207 | = |
| Distributable reserves133 | - | €14,274 | €19,942 | €19,942 | €19,942 | = |
| Profit (loss) carried forward14 | - | - | - | -€60,074 | -€58,771 | ▲ 2.2% |
| Amounts payable17/49 | €135,363 | €170,475 | €224,521 | €246,856 | €248,065 | ▲ 0.5% |
| Amounts payable after more than one year17 | - | €15,595 | €15,595 | €15,595 | €15,595 | = |
| Financial debts170/4 | - | €15,595 | €15,595 | €15,595 | €15,595 | = |
| Amounts payable within one year42/48 | €135,285 | €154,880 | €208,926 | €227,722 | €227,711 | = |
| Current portion of amounts payable after more than one year42 | - | €9,405 | €29,405 | €29,405 | €24,405 | ▼ 17.0% |
| Financial debts43 | - | €12,617 | €11,867 | €16,188 | €12,360 | ▼ 23.6% |
| Credit institutions430/8 | - | €12,617 | €11,867 | €14,358 | €12,360 | ▼ 13.9% |
| Other loans439 | - | - | - | €1,830 | €0 | ▼ 100% |
| Trade debts44 | €65,192 | €40,614 | €82,851 | €80,451 | €71,940 | ▼ 10.6% |
| Suppliers440/4 | - | €40,614 | €82,851 | €80,451 | €71,940 | ▼ 10.6% |
| Taxes, remuneration and social security45 | - | €13,313 | €9,609 | €13,867 | €20,426 | ▲ 47.3% |
| Taxes450/3 | - | €8,059 | €4,593 | €7,660 | €13,732 | ▲ 79.3% |
| Remuneration and social security454/9 | - | €5,255 | €5,016 | €6,207 | €6,695 | ▲ 7.9% |
| Other amounts payable47/48 | - | €78,930 | €75,194 | €87,810 | €98,579 | ▲ 12.3% |
| Accrued charges and deferred income492/3 | - | €0 | - | €3,540 | €4,760 | ▲ 34.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,790 | €7,253 | €5,667 | -€60,074 | €1,303 | ▲ 102% |
| + Depreciation and write-downs630 | €426 | €7,843 | €7,816 | €7,859 | €7,474 | ▼ 4.9% |
| Operating cash flow (approximation) | €10,217 | €15,096 | €13,483 | -€52,215 | €8,776 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€3,848 | €0 | -€1,655 | €0 | ▲ 100% |
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
2026
09-09
State Gazette act
General meeting · Other statementAuditor report · Capital increase · Capital contribution7 facts ▸
State Gazette act
General meeting · Other statement
Auditor report · Capital increase · Capital contribution7 facts ▸
- General meeting, 11-08-2026
- Other statement, 16-07-2026
- Auditor report, 03-08-2026
- Capital increase, €81.400
- Capital contribution, €81.400
- Other statement, 29-04-2026
- Other statement, akte nemen verwezenlijking verhoging eigen vermogen, 81400.0
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €1,303
Net result €1,303 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€60,074
Net result drops to -€60,074, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9,790
Net result €9,790 after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Duffel · 1 establishment unit since 2012
Ground area
4.8 ha
Building footprint
4,062 m²
Parcel 12009E0644/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
89
since 20122.208.402.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12009E0644/00B000 | Flanders | 4.8 ha | 2 · 4,062 m² | - |
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.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 09-09-2026 ↗
- Casimir REYNDERS 81,400 EUR · schuldvordering rekening-courant
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 09-09-2026 Capital increase of 81,400 EUR
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Of 1,501 companies in sector 31004 we hold annual accounts for 626. 418 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
Founded20-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843016805
Also
9925:BE0843016805
Registered
13-11-2025
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.