BELLACOOLA

Active

Public limited companyfounded 2014active for 12 yearsBrusselsesteenweg 185, 1785 Merchtem, Belgium20 active companies are registered at this addressKBO/BCE: BE 0550.532.804

Summary

BELLACOOLA has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.4m and a net result of €356,676. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 322 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

BELLACOOLAActiveChecked score 86/100

Risk analysis Report Compare

Activity

Wholesale of clothing, excluding workwear and underwear

NACE 46423Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716

4th largest employer in Merchtem, Wholesale and retail trade sector7 sites

Size

€2.8mtotal assets 2026

Staff: 38.1 FTE
Equity: €1.4m
Profit: €356,676

Financial health

86 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: THE FASHION SOCIETY · 100%
Board: 6 members

PECUNIA NON OLETCEO · permanent representative Matthias HINDRIKS

Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 75 days early4 of 9 deeds read

Why 86raises risk1 of the last 3 latelowers riskFounded in 2014Equity €1.4m (52.5% of total assets)Figures for financial year 2026 (filed 17-06-2026)Show the evidence

Checked score

Score 2026

86 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 51% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Strong

Solvency 78-6

equity 52.5% of total assets

Liquidity 34-2

short-term debt 47.5% · cash 6.3%

Profitability 85-14

return on assets 12.9%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)

Last 24 months 11-2024: 6.9% 12-2024: 6.7%▼ -0.2 percentage points vs 11-2024 01-2025: 6.9%▲ +0.2 percentage points vs 12-2024 02-2025: 7.1%▲ +0.2 percentage points vs 01-2025 03-2025: 6.9%▼ -0.2 percentage points vs 02-2025 04-2025: 6.7%▼ -0.2 percentage points vs 03-2025 05-2025: 7.3%▲ +0.6 percentage points vs 04-2025 06-2025: 7.4%▲ +0.1 percentage points vs 05-2025 07-2025: 8.6%▲ +1.2 percentage points vs 06-2025highest value 08-2025: 0.5%▼ -8.1 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.4%▼ -0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.3%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value

Credit of up to €120,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.62, compared with 1.74 in 2025, above the usual 1.5; short-term debt: 47.5% and cash: 6.3% of total assets), and 47.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 61% on solvency, 36% on liquidity, 88% on profitability and 19% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Founded in 2014

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €1.4m (52.5% of total assets)

NBB · annual accounts

1 of the last 3 late

NBB · filings

Figures for financial year 2026 (filed 17-06-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 17-06-2026, 75 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

75 days early

2025

53 days early

2023

42 days late

2022

91 days late

2021

21 days early

2020

53 days early

2019

24 days early

← 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 13 days before the deadline; the sector median (NACE 46) for financial year 2023 is 2 days before the deadline, and 40% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-01-2027 year end31-08-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-09-2026 Reappointments: Jo Willemyns, Kris Castelein and…Appointments: Stefan Goethaert BV, Peter…
17-06-2026 Annual accounts filedfinancial year 2026 · full…
09-07-2025 Annual accounts filedfinancial year 2025 · abbreviated…

Key points

Board changedlatest change 01-08-2026 · 6 in office 4 joined · 1 left View
Positive: 4th largest employer in Merchtem, Wholesale and retail trade sectorin the Checked rankings No. 4 View
Caution: Result fell in 2026from €634,224 to €356,676 ▼ 43.8% View
Controlled by THE FASHION SOCIETYultimately: KORYS 100% View

By topic

Financials

Financial year: 2026
Total assets: €2.8m
Profit: €356,676
Solvency: 52.5%

Turnover▼ 3.0%

Net result

20192021

Go to Financials

Board & ownership

Board: 6 members
Parent: THE FASHION SOCIETY · 100%
Auditor: Ernst et Young Reviseurs…

Jo WillemynsDirector
Stefan GoethaertDirector
Kris CasteleinDirector
Stefan Goethaert BVDirector
VANBELLINGEN PeterDirector

and 1 other director

Go to Board & ownership

Network & group

Group: KORYS
Connected companies: 80

Go to Network & group

Timeline

Events: 19
Since: 2016
Next accounts: by 31-08-2027

31-01-2025Back to profit
31-01-2025Liquidity more than doubled
31-01-2025Equity above €1m

Go to Timeline

Company details

Sites: 7

Legal form: Public limited company
Activity: Wholesale of clothing, excluding workwear and underwearNACE 46423
Founded: 10-04-2014
Year ends: 31-01
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 12

Who signs: Two directors jointly
Annual meeting: Second Tuesday of June at 15:30

Go to Articles of association

Key facts about BELLACOOLA

What is the company number of BELLACOOLA?: 0550.532.804. In Belgium the VAT number is the company number with BE in front: BE 0550.532.804.
Where is BELLACOOLA based?: The registered office is at Brusselsesteenweg 185, 1785 Merchtem.Company details
What does BELLACOOLA do?: According to the KBO register, the main activity is wholesale of clothing, excluding workwear and underwear (NACE 46423).
What is the legal form of BELLACOOLA?: Public limited company (NV).
When was BELLACOOLA founded?: On 10-04-2014.
Is BELLACOOLA still active?: Yes, BELLACOOLA is an active enterprise in the KBO register.
How many employees does BELLACOOLA have?: On average 38.1 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of BELLACOOLA?: €6.7m in financial year 2021, according to the filed annual accounts.
Is BELLACOOLA profitable?: In financial year 2026, BELLACOOLA made a profit of €356,676.
Where can I find the annual accounts of BELLACOOLA?: BELLACOOLA filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of BELLACOOLA due?: By 31-08-2027, for financial year 2027.Timeline

Companies related to BELLACOOLA

Parent and group

Shareholders

WAMO0.01%

Comparable companies

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?KORYS · 179 companies

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Overview