Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DAVIDTS is 0.6% (low). The 2023 annual accounts show equity of €858k and a net result of €-454k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 586 sector peers (fiscal year 2023). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Long track record
−Annual accounts: weaker financial profile
+Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidencePersistent losses
Two consecutive loss-making years (2022 and 2023); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
1 signalRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-454k-360.1%
Working capital€791k-36.0%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 15-01-2025 with the NBB · fiscal year 2023 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~9.5%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 34.0% | 29.7% | |
| Net result | €-454k | €38k | |
| Equity | €858k | €481k | |
| Gross operating margin | €-81k | €106k | |
| Staff costs | €262k | €506k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P55
Stable position over 2020-2023
· n=357-586
P9
Stable position over 2020-2023
· n=357-585
P58
Stable position over 2020-2023
· n=357-586
P5
Weakening position over 2020-2023
· n=179-358
Describes the position versus peers, not a forecast.
€-376k
-1416.7%
far below sector median
€-454k
-360.1%
far below sector median
€-434k
-390.9%
far below sector median
€2.53M
-3.4%
far above sector median
€858k
-34.6%
far above sector median
€791k
-36.0%
far above sector median
5
-21.1%
-50% vs sector
€262k
+28.5%
-49% vs sector
€388
-43.2%
-97% vs sector
€650k
-
18-23
€1.67M
+28.1%
far above sector median
€1.67M
+29.0%
far above sector median
€2.36M
+551.5%
far above sector median
1.47
-24.6%
+24% vs sector
0.65
+2.0%
+36% vs sector
34.0%
-32.3%
+92% vs sector
1.94
+95.9%
-47% vs sector
-52.9%
-603.6%
far below sector median
-18.0%
-376.1%
-33% vs sector
-5.49
-1673.5%
-158% vs sector
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-376k |
| Net profit | €-454k |
| Cash flow | €-434k |
| Staff costs | €262k |
| Income taxes | €388 |
| Dividends | - |
| Total assets | €2.53M |
| Equity | €858k |
| Debt | €1.67M |
| of which ≤ 1y | €1.67M |
| of which > 1y | - |
| Working capital | €791k |
| Employees (FTE) | 4.5 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 1.47 |
| Quick ratio | 0.65 |
| Working capital ratio | 31.3% |
| Solvency | 34.0% |
| Debt / equity | 1.94 |
| Long-term debt ratio | - |
| Interest coverage | -5.49 |
| Gross margin | - |
| Net margin | - |
| ROA | -18.0% |
| ROE | -52.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.53M |
| Fixed assets | 21/28 | €68k |
| Intangible fixed assets | 21 | €51k |
| Tangible fixed assets | 22/27 | €8k |
| Financial fixed assets | 28 | €9k |
| Current assets | 29/58 | €2.46M |
| Stocks & contracts in progress | 3 | €1.37M |
| Amounts receivable within one year | 40/41 | €743k |
| Cash & bank | 54/58 | €342k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.53M |
| Equity | 10/15 | €858k |
| Contributions / capital | 10/11 | €248k |
| Reserves | 13 | €610k |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €1.67M |
| Amounts payable within one year | 42/48 | €1.67M |
| Trade debts payable within one year | 44 | €217k |
| Income statement | ||
| Gross operating margin | 9900 | €-81k |
| Operating result | 9901 | €-396k |
| Financial income | 75 | €11k |
| Financial charges | 65 | €69k |
| Result before taxes | 9903 | €-454k |
| Income taxes | 67/77 | €388 |
| Net result for the period | 9904 | €-454k |
| Result to be appropriated | 9905 | €-454k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed35
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
4 directorsHistoric, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
COMPAGNIE DE TEXTILE FLAMENTLegal entityDirector· perm. rep.: Geert FlamentState Gazette act 19094085 (12-07-2019)Not recently confirmedlast confirmed in an act from 2019
Former directors (3)
-
YOLO ConsultingLegal entityDirector· perm. rep.: Gilles SpirletState Gazette act 19094085 (12-07-2019)Former27-06-2019 → 29-11-2023
3 events
- 29-11-2023 Resigned· Director
- 29-11-2023 Resigned· Managing director
- 27-06-2019 Appointed· Director
-
Former15-06-2016 → 27-06-2019
2 events
- 27-06-2019 Resigned· Director
- 15-06-2016 Mandate renewed· Director
-
Former15-06-2016 → 27-06-2019
2 events
- 27-06-2019 Resigned· Director
- 15-06-2016 Mandate renewed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Groothandel in lederwaren en reisartikelen(46498) |
| Legal form | Public limited company(014) |
| Incorporation | 08-11-1982 |
| Status | Active |
| Postal code | 4000 |
Structure & network
Connections & network
2 connected companiesGroup structure
Parent · 1 subsidiary · 1 location
Control→
Parent · 1 subsidiary · 1 location
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationRue des Semailles 27, 4400 Flémalle
since 19832.034.968.047
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area9,203 m²
Buildings2
Building footprint2,833 m²
Volume (LiDAR)23,998 m³
Tallest building11.4 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0231/00F000 | Wallonia | 8,135 m² | 1 · 2,596 m² | 11.4 m · 3 fl. |
| 62815C0687/04D000 | Wallonia | 1,069 m² | 1 · 237 m² | 8.9 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Capital history · 1
13-05-2024
v3.2
Address history · 1
20-11-2025
v3.2
All acts · 5
updated 8 months ago
2025
20-11-2025 Registered office moved from Liège to Flémalle
- Place du Haut-Pré 10, 4000 Liège → Rue des Semailles 27, 4400 Flémalle
Summary:
v3.2
2024
13-05-2024 Capital increase of €247,893.52 to €247,893.52
Summary:
v3.2
05-01-2024 2 resigning
- Gilles Spirlet, Bestuurder
- Gilles Spirlet, Gedelegeerd bestuurder
Summary:
v3.2
2019
12-07-2019 2 directors appointed, 2 resigning
- Gilles Spirlet, Bestuurder
- Geert Flament, Bestuurder
- Jean-Marie Davidts, Bestuurder
- Henri Davidts, Bestuurder
Summary:
v3.2
2017
30-06-2017 2 reappointed
Analysis
Snowflake analysis
financial profile on 5 axes31
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
35
Profitability
0
Solvency
64
Growth
58
Stability
0
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Credit advice
verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in lederwaren en reisartikelen46498Groothandel in lederwaren en reisartikelen46498Groothandel in lederwaren en reisartikelen51477Detailhandel in lederwaren en reisartikelen52432Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Detailhandel in lederwaren en reisartikelen in gespecialiseerde winkels47722Detailhandel in lederwaren en reisartikelen47722Detailhandel in meubels52441
Primary activity highlighted.
Names & trade names
| Legal nameFR | DAVIDTS |
Registered office
Place du Haut-pré 10
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.