DEFENCE MARKET
ActiveThe computed 12-month bankruptcy probability of DEFENCE MARKET is 3.2% (moderate). The 2025 annual accounts show equity of €16k and a net result of €9k. Its solvency ranks better than 73% of 18237 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+26
Solvency87▲+8
Growth85
Track record82
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 2.09 in 2024; short-term debt: 37.9% and cash: 69.6% of total assets), and 37.9% of the assets are financed with debt.
Credit advice 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.1%
Return on assets
35.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 2 filingsDeviation from the deadline
2025
13 d late
2024
21 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€271k▲ 32.5%
2024 · €205k
2024: €205k
2024 → 2025
EBIT margin
4.6%▲ 3.3pp
2024 · 1.2%
2024: 1.2%
2024 → 2025
Net result
€9k▲ 384%
2024 · €2k
2024: €2k
2024 → 2025
Working capital
€16k▲ 141%
2024 · €6k
2024: €6k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€205k-€271k▲ 32.5%
Equity€7k-€16k▲ 133%
Operating result€3k-€12k▲ 390%
Net result€2k-€9k▲ 384%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 390% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26k
Fixed assets
€408=
Current assets
€25k▲ 104%
Equity and liabilities €26k
Equity
€16k▲ 133%
Debt
€10k▲ 64.3%
The debt ratio falls from 46.4% to 37.9%. Equity and debt are higher.
Key figures and ratios
Solvency
62.1%▲
2024 · 53.6%
Current ratio
2.60▲
2024 · 2.09
Quick ratio
2.18▲
2024 · 1.81
Debt / equity
0.61▼
2024 · 0.86
ROE
57.1%▲
2024 · 27.4%
ROA
35.4%▲
2024 · 14.7%
Debt
€10k▲
2024 · €6k
Debt ≤ 1 year
€10k▲
2024 · €6k
Income taxes
€3k▲
2024 · €630
Staff costs
€18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13k€26k▲
Fixed assets21/28€408€408=
Financial fixed assets28€408€408=
Current assets29/58€12k€25k▲
Stocks and contracts in progress3€2k€4k▲
Stocks30/36€2k€4k▲
Amounts receivable within one year40/41-€3k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€11k€18k▲
Equity and liabilities
Total equity and liabilities10/49€13k€26k▲
Equity10/15€7k€16k▲
Contributions10/11€5k€5k=
Outside capital11€5k-
Other1109/19€5k-
Profit (loss) carried forward14€2k€11k▲
Amounts payable17/49€6k€10k▲
Amounts payable within one year42/48€6k€10k▲
Current portion of amounts payable after more than one year42€1k-
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€91-
Income statement
Code20242025
Turnover70€205k€271k▲
Goods, raw materials, services and sundry goods60/61€201k€248k▲
Remuneration, social security and pensions62-€18k
Other operating charges640/8€964€948▼
Non-recurring operating charges66A-€200
Gross operating margin9900€4k€32k▲
Operating profit (loss)9901€3k€12k▲
Financial charges65/66B€19€248▲
Recurring financial charges65€19€248▲
Profit (loss) for the period before taxes9903€3k€12k▲
Income taxes67/77€630€3k▲
Profit (loss) for the period9904€2k€9k▲
Profit (loss) for the period to be appropriated9905€2k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€11k▲
Profit (loss) brought forward from the previous period14P-€2k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
NBB filing
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, Sint-Joost-ten-Node · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Franciscusstraat 21210 Sint-Joost-ten-NodeGround area
172 m²
Building footprint
102 m²
Volume, LiDAR
1,415 m³
Parcel 21014A0147/00D000, Brussels · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DEFENCE MARKET
since 20242.355.596.795
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0147/00D000 | Brussels | 172 m² | 1 · 102 m² | 15.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.355.596.795
Similar companies · same sector, comparable size
OHNE Zwalm
BE 0746.403.914
Zwalm · Eq €16k
STAR PLUS EXPRESS
BE 0643.655.970
Elsene · Eq €16k
PROXY RANCE
BE 0780.495.157
Thuin · Eq €16k
Sabor do universo
BE 0765.680.089
Sint-Gillis (bij-Brussel) · Eq €16k
NAHIM SHOP
BE 0675.429.014
Sint-Jans-Molenbeek · Eq €16k
Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 3,956 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2024
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47242Retail sale of chocolate and confectionery
47251Retail sale of wines and spirits
47260Retail trade
47279Other retail sale of food
47299Retail trade
47620Retail trade
47621Retail sale of newspapers and periodicals
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:infoadelali28@gmail.com
Phone:0465676168