673
ActiveSummary
673 has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €-112k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-3
Solvency33▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 2.81 against 3.37 in 2024; short-term debt: 33.5% and cash: 0.1% of total assets), but 92.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-112k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
12 d late
2023
on the day
2022
3 d early
2021
19 d early
2020
89 d late
2019
108 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-112k▼ 34.1%
2024 · €-83k
2018: €-388klowest in 8 years
2019: €-121k▲ +68.8% vs 2018
2020: €-81k▲ +32.9% vs 2019
2021: €155k▲ +291% vs 2020
2022: €394k▲ +154% vs 2021highest in 8 years
2023: €-19k▼ -105% vs 2022
2024: €-83k▼ -334% vs 2023
2025: €-112k▼ -34.1% vs 2024
2018 → 2025
Working capital
€1.21M▼ 10.1%
2024 · €1.35M
2018: €307klowest in 8 years
2019: €325k▲ +6.1% vs 2018
2020: €383k▲ +17.9% vs 2019
2021: €552k▲ +43.9% vs 2020
2022: €1.07M▲ +94.2% vs 2021
2023: €1.12M▲ +4.4% vs 2022
2024: €1.35M▲ +20.8% vs 2023highest in 8 years
2025: €1.21M▼ -10.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-22k-€372k€353k▼ 5.2%€270k▼ 23.6%€158k▼ 41.4%
2021: €-22klowest in 5 years
2022: €372k▲ +1825% vs 2021highest in 5 years
2023: €353k▼ -5.2% vs 2022
2024: €270k▼ -23.6% vs 2023
2025: €158k▼ -41.4% vs 2024
Operating result€204k-€448k▲ 120%€47k▼ 89.6%€305▼ 99.3%€-17k
2021: €204k
2022: €448k▲ +120% vs 2021highest in 5 years
2023: €47k▼ -89.6% vs 2022
2024: €305▼ -99.3% vs 2023
2025: €-17k▼ -5519% vs 2024lowest in 5 years
Net result€155k-€394k▲ 154%€-19k€-83k▼ 334%€-112k▼ 34.1%
2021: €155k
2022: €394k▲ +154% vs 2021highest in 5 years
2023: €-19k▼ -105% vs 2022
2024: €-83k▼ -334% vs 2023
2025: €-112k▼ -34.1% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €305 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.00M
Fixed assets
€116k ▼ 7.6%
Current assets
€1.88M ▼ 2.0%
Equity and liabilities €2.00M
Equity
€158k ▼ 41.4%
Debt
€1.84M ▲ 3.6%
Debt's share of the balance-sheet total rises from 86.8% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €27k
Cash flow
€-85k▼
2024 · €-57k
Current ratio
2.81▼
2024 · 3.37
Quick ratio
1.46▼
2024 · 1.66
Debt to equity
11.65▲
2024 · 6.59
ROE
-70.5%▼
2024 · -30.8%
ROA
-5.6%▼
2024 · -4.1%
Interest coverage
0.09▼
2024 · 0.30
Debt ≤ 1 year
€670k▲
2024 · €571k
Debt > 1 year
€1.16M▼
2024 · €1.19M
Staff costs
€435k▲
2024 · €339k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.05M€2.00M▼
Fixed assets21/28€126k€116k▼
Tangible fixed assets22/27€118k€108k▼
Furniture and vehicles24€114k€105k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€8k€8k=
Current assets29/58€1.92M€1.88M▼
Stocks and contracts in progress3€972k€906k▼
Stocks30/36€972k€906k▼
Amounts receivable within one year40/41€519k€462k▼
Trade receivables40€487k€437k▼
Other amounts receivable41€32k€25k▼
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€429k€515k▲
Equity and liabilities
Total equity and liabilities10/49€2.05M€2.00M▼
Equity10/15€270k€158k▼
Contributions10/11€406k€406k=
Capital10€406k€406k=
Issued capital100€419k€419k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-138k€-250k▼
Amounts payable17/49€1.78M€1.84M▲
Amounts payable after more than one year17€1.19M€1.16M▼
Financial debts170/4€1.19M€1.16M▼
Amounts payable within one year42/48€571k€670k▲
Current portion of amounts payable after more than one year42€33k€35k▲
Financial debts43€200k€194k▼
Credit institutions430/8€200k€194k▼
Trade debts44€252k€348k▲
Suppliers440/4€252k€348k▲
Taxes, remuneration and social security45€65k€71k▲
Taxes450/3€28k€21k▼
Remuneration and social security454/9€36k€50k▲
Other amounts payable47/48€22k€22k=
Accrued charges and deferred income492/3€14k€14k=
Income statement
Code20242025
Remuneration, social security and pensions62€339k€435k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▼
Other operating charges640/8€32k€8k▼
Gross operating margin9900€397k€452k▲
Operating profit (loss)9901€305€-17k▼
Financial income75/76B€4k€12k▲
Recurring financial income75€4k€12k▲
Financial charges65/66B€88k€107k▲
Recurring financial charges65€88k€107k▲
Profit (loss) for the period before taxes9903€-83k€-112k▼
Profit (loss) for the period9904€-83k€-112k▼
Profit (loss) for the period to be appropriated9905€-83k€-112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-138k€-250k▼
Profit (loss) brought forward from the previous period14P€-55k€-138k▼
Social balance
Average headcount (FTE)90875.55.9▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €110k | €164k | €237k | €339k | €435k | ▲ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €16k | €25k | €26k | €26k | ▼ 0.2% |
| Other operating charges640/8 | €12k | €8k | €13k | €32k | €8k | ▼ 75.9% |
| Gross operating margin9900 | €337k | €635k | €322k | €397k | €452k | ▲ 13.8% |
| Operating profit (loss)9901 | €204k | €448k | €47k | €305 | €-17k | ▼ 5,519% |
| Financial income75/76B | €671 | €2k | €2k | €4k | €12k | ▲ 199% |
| Recurring financial income75 | €671 | €2k | €2k | €4k | €12k | ▲ 199% |
| Financial charges65/66B | €46k | €57k | €68k | €88k | €107k | ▲ 22.4% |
| Recurring financial charges65 | €46k | €57k | €68k | €88k | €107k | ▲ 22.4% |
| Profit (loss) for the period before taxes9903 | €158k | €394k | €-19k | €-83k | €-112k | ▼ 34.1% |
| Income taxes67/77 | €3k | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €155k | €394k | €-19k | €-83k | €-112k | ▼ 34.1% |
| Profit (loss) for the period to be appropriated9905 | €155k | €394k | €-19k | €-83k | €-112k | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856k | €1.27M | €1.63M | €2.05M | €2.00M | ▼ 2.3% |
| Fixed assets21/28 | €77k | €101k | €137k | €126k | €116k | ▼ 7.6% |
| Tangible fixed assets22/27 | €77k | €100k | €137k | €118k | €108k | ▼ 8.1% |
| Furniture and vehicles24 | €71k | €95k | €133k | €114k | €105k | ▼ 7.9% |
| Other tangible fixed assets26 | €6k | €5k | €4k | €4k | €3k | ▼ 14.6% |
| Financial fixed assets28 | €240 | €240 | €240 | €8k | €8k | = |
| Current assets29/58 | €779k | €1.17M | €1.49M | €1.92M | €1.88M | ▼ 2.0% |
| Stocks and contracts in progress3 | €536k | €815k | €925k | €972k | €906k | ▼ 6.8% |
| Stocks30/36 | €536k | €815k | €925k | €972k | €906k | ▼ 6.8% |
| Amounts receivable within one year40/41 | €223k | €122k | €229k | €519k | €462k | ▼ 11.0% |
| Trade receivables40 | €201k | €122k | €208k | €487k | €437k | ▼ 10.2% |
| Other amounts receivable41 | €21k | €0 | €21k | €32k | €25k | ▼ 22.4% |
| Current investments50/53 | - | €7k | - | - | - | - |
| Cash at bank and in hand54/58 | €11k | €32k | €4k | €2k | €2k | ▼ 19.7% |
| Deferred charges and accrued income490/1 | €9k | €198k | €333k | €429k | €515k | ▲ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856k | €1.27M | €1.63M | €2.05M | €2.00M | ▼ 2.3% |
| Equity10/15 | €-22k | €372k | €353k | €270k | €158k | ▼ 41.4% |
| Contributions10/11 | €406k | €406k | €406k | €406k | €406k | = |
| Capital10 | €406k | €406k | €406k | €406k | €406k | = |
| Issued capital100 | €419k | €419k | €419k | €419k | €419k | = |
| Uncalled capital101 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-430k | €-36k | €-55k | €-138k | €-250k | ▼ 80.6% |
| Amounts payable17/49 | €877k | €902k | €1.28M | €1.78M | €1.84M | ▲ 3.6% |
| Amounts payable after more than one year17 | €650k | €800k | €900k | €1.19M | €1.16M | ▼ 2.9% |
| Financial debts170/4 | €650k | €800k | €900k | €1.19M | €1.16M | ▼ 2.9% |
| Amounts payable within one year42/48 | €227k | €102k | €374k | €571k | €670k | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | €1k | - | - | €33k | €35k | ▲ 5.1% |
| Financial debts43 | - | €19k | €186k | €200k | €194k | ▼ 3.0% |
| Credit institutions430/8 | - | €19k | €186k | €200k | €194k | ▼ 3.0% |
| Trade debts44 | €187k | €40k | €109k | €252k | €348k | ▲ 38.5% |
| Suppliers440/4 | €187k | €40k | €109k | €252k | €348k | ▲ 38.5% |
| Taxes, remuneration and social security45 | €35k | €40k | €74k | €65k | €71k | ▲ 9.4% |
| Taxes450/3 | €26k | €20k | €51k | €28k | €21k | ▼ 27.5% |
| Remuneration and social security454/9 | €9k | €20k | €23k | €36k | €50k | ▲ 38.4% |
| Other amounts payable47/48 | €4k | €4k | €4k | €22k | €22k | = |
| Accrued charges and deferred income492/3 | €127 | - | €3k | €14k | €14k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155k | €394k | €-19k | €-83k | €-112k | ▼ 34.1% |
| + Depreciation and write-downs630 | €11k | €16k | €25k | €26k | €26k | ▼ 0.2% |
| Operating cash flow (approximation) | €166k | €409k | €6k | €-57k | €-85k | ▼ 49.9% |
| Investment in fixed assets (approximation) | - | €-39k | €-62k | €-15k | €-17k | ▼ 13.2% |
| Change in cash | - | €21k | €-28k | €-2k | €-475 | ▲ 74.6% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €394k ▲154%
Operating result €448k, net result €394k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 11.46
Current ratio from 3.43 to 11.46; short-term debt falls from €227k to €102k.
31-12
Financial
Equity above €200kEq €372k
2 profitable years in a row build equity to €372k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €155k
Net result €155k after 3 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 227 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 · 2 establishment units since 2010
Ground area
862 m²
Building footprint
670 m²
Volume, LiDAR
9,931 m³
3 parcels, Flanders · tallest building 22.3 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
673
since 20102.191.438.450
Eat Dust Clothing
since 20202.301.047.658
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3647/00N000 | Flanders | 454 m² | 1 · 404 m² | 22.3 m · 7 fl. |
| 11807G0298/00D003 | Flanders | 248 m² | 1 · 164 m² | 10.1 m · 2 fl. |
| 11811L3688/00L000 | Flanders | 160 m² | 1 · 102 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 94 companies in sector 46424 we hold annual accounts for 44. 30 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.