DOUBLE E
ActiveSummary
DOUBLE E has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €25k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+70
Solvency52▲+24
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.98 in 2023; short-term debt: 73.1% of total assets), and 73.1% of the assets are financed with debt.
Credit check for your own amount and term
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 · 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
26.9%
Return on assets
14.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
31 d late
2023
50 d late
2022
31 d late
2021
31 d late
2020
19 d late
2018
47 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€47k▲ 110%
2023 · €22k
2018: €12klowest value
2020: €27k
2021: €41k▲ +48.9% vs 2020
2022: €37k▼ -8.6% vs 2021
2023: €22k▼ -39.4% vs 2022
2024: €47k▲ +110% vs 2023highest value
2018 → 2024
Total assets
€176k▼ 74.3%
2023 · €685k
2018: €103klowest value
2020: €126k
2021: €121k▼ -3.6% vs 2020
2022: €190k▲ +57.0% vs 2021
2023: €685k▲ +261% vs 2022highest value
2024: €176k▼ -74.3% vs 2023
2018 → 2024
Net result
€25k
2023 · €-15k
2018: €-8k
2020: €29khighest value
2021: €13k▼ -53.7% vs 2020
2022: €-4k▼ -126% vs 2021
2023: €-15k▼ -316% vs 2022lowest value
2024: €25k▲ +270% vs 2023
2018 → 2024
Working capital
€-9k▲ 34.1%
2023 · €-14k
2018: €10k
2020: €26k
2021: €39k▲ +52.1% vs 2020highest value
2022: €35k▼ -9.0% vs 2021
2023: €-14k▼ -139% vs 2022lowest value
2024: €-9k▲ +34.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€27k-€41k▲ 48.9%€37k▼ 8.6%€22k▼ 39.4%€47k▲ 110%
2020: €27k
2021: €41k▲ +48.9% vs 2020
2022: €37k▼ -8.6% vs 2021
2023: €22k▼ -39.4% vs 2022lowest in 5 years
2024: €47k▲ +110% vs 2023highest in 5 years
Operating result€31k-€21k▼ 33.8%€-2k€-13k▼ 687%€38k
2020: €31k
2021: €21k▼ -33.8% vs 2020
2022: €-2k▼ -108% vs 2021
2023: €-13k▼ -687% vs 2022lowest in 5 years
2024: €38k▲ +388% vs 2023highest in 5 years
Net result€29k-€13k▼ 53.7%€-4k€-15k▼ 316%€25k
2020: €29khighest in 5 years
2021: €13k▼ -53.7% vs 2020
2022: €-4k▼ -126% vs 2021
2023: €-15k▼ -316% vs 2022lowest in 5 years
2024: €25k▲ +270% vs 2023
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: €38k after a loss of €13k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €176k
Fixed assets
€56k ▲ 55.7%
Current assets
€120k ▼ 81.6%
Equity and liabilities €176k
Equity
€47k ▲ 110%
Debt
€129k ▼ 80.6%
Debt's share of the balance-sheet total falls from 96.7% to 73.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2023 · €-10k
Cash flow
€31k▲
2023 · €-11k
Current ratio
0.93▼
2023 · 0.98
Debt to equity
2.72▼
2023 · 29.49
ROE
52.5%▲
2023 · -65.0%
ROA
14.1%▲
2023 · -2.1%
Interest coverage
11.85▲
2023 · -6.31
Debt ≤ 1 year
€129k▼
2023 · €663k
Income taxes
€9k
Staff costs
€13k▲
2023 · €12k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€685k€176k▼
Fixed assets21/28€36k€56k▲
Intangible fixed assets21€35k€55k▲
Financial fixed assets28€2k€2k=
Current assets29/58€649k€120k▼
Stocks and contracts in progress3€19k-
Stocks30/36€19k-
Amounts receivable within one year40/41€630k€120k▼
Trade receivables40€630k€63k▼
Other amounts receivable41-€56k
Equity and liabilities
Total equity and liabilities10/49€685k€176k▼
Equity10/15€22k€47k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€1k€26k▲
Amounts payable17/49€663k€129k▼
Amounts payable within one year42/48€663k€129k▼
Financial debts43€5k€3k▼
Credit institutions430/8€5k€3k▼
Trade debts44€630k€102k▼
Suppliers440/4€630k€102k▼
Taxes, remuneration and social security45€9k€23k▲
Taxes450/3€9k€20k▲
Remuneration and social security454/9€11€3k▲
Other amounts payable47/48€20k-
Income statement
Code20232024
Remuneration, social security and pensions62€12k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€549€1k▲
Gross operating margin9900€3k€58k▲
Operating profit (loss)9901€-13k€38k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-15k€34k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€-15k€25k▲
Profit (loss) for the period to be appropriated9905€-15k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€26k▲
Profit (loss) brought forward from the previous period14P€16k€1k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34k | €64k | €12k | €13k | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3k | €6k | ▲ 85.5% |
| Other operating charges640/8 | - | €14k | €370 | €549 | €1k | ▲ 131% |
| Gross operating margin9900 | €45k | €68k | €63k | €3k | €58k | ▲ 1,896% |
| Operating profit (loss)9901 | €31k | €21k | €-2k | €-13k | €38k | ▲ 388% |
| Financial charges65/66B | - | €548 | €801 | €2k | €4k | ▲ 144% |
| Recurring financial charges65 | €697 | €548 | €801 | €2k | €4k | ▲ 144% |
| Profit (loss) for the period before taxes9903 | €30k | €20k | €-2k | €-15k | €34k | ▲ 332% |
| Income taxes67/77 | €2k | €7k | €1k | - | €9k | - |
| Profit (loss) for the period9904 | €29k | €13k | €-4k | €-15k | €25k | ▲ 270% |
| Profit (loss) for the period to be appropriated9905 | €29k | €13k | €-4k | €-15k | €25k | ▲ 270% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126k | €121k | €190k | €685k | €176k | ▼ 74.3% |
| Fixed assets21/28 | €2k | €2k | €2k | €36k | €56k | ▲ 55.7% |
| Intangible fixed assets21 | - | - | - | €35k | €55k | ▲ 58.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €124k | €119k | €188k | €649k | €120k | ▼ 81.6% |
| Stocks and contracts in progress3 | - | - | - | €19k | - | - |
| Stocks30/36 | - | - | - | €19k | - | - |
| Amounts receivable within one year40/41 | €117k | €109k | €188k | €630k | €120k | ▼ 81.0% |
| Trade receivables40 | - | €23k | €105k | €630k | €63k | ▼ 90.0% |
| Other amounts receivable41 | - | €87k | €83k | - | €56k | - |
| Cash at bank and in hand54/58 | €7k | €10k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126k | €121k | €190k | €685k | €176k | ▼ 74.3% |
| Equity10/15 | €27k | €41k | €37k | €22k | €47k | ▲ 110% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €6k | €19k | €16k | €1k | €26k | ▲ 2,418% |
| Amounts payable17/49 | €98k | €80k | €153k | €663k | €129k | ▼ 80.6% |
| Amounts payable within one year42/48 | €98k | €80k | €153k | €663k | €129k | ▼ 80.6% |
| Financial debts43 | - | €3k | €1k | €5k | €3k | ▼ 34.8% |
| Credit institutions430/8 | - | €3k | €1k | €5k | €3k | ▼ 34.8% |
| Trade debts44 | €26k | €25k | €72k | €630k | €102k | ▼ 83.7% |
| Suppliers440/4 | - | €25k | €72k | €630k | €102k | ▼ 83.7% |
| Advances received on contracts in progress46 | - | €11k | €41k | - | - | - |
| Taxes, remuneration and social security45 | - | €29k | €39k | €9k | €23k | ▲ 168% |
| Taxes450/3 | - | €19k | €33k | €9k | €20k | ▲ 128% |
| Remuneration and social security454/9 | - | €11k | €6k | €11 | €3k | ▲ 31,579% |
| Other amounts payable47/48 | - | €12k | - | €20k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €13k | €-4k | €-15k | €25k | ▲ 270% |
| + Depreciation and write-downs630 | - | - | - | €3k | €6k | ▲ 85.5% |
| Operating cash flow (approximation) | €29k | €13k | €-4k | €-11k | €31k | ▲ 381% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-38k | €-27k | ▲ 29.9% |
| Change in cash | - | €3k | - | - | - | - |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
19-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 111 days late
19-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 231 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Vorst · 1 establishment unit since 2008
Ground area
1,553 m²
Building footprint
417 m²
Volume, LiDAR
5,889 m³
Parcel 21007A0055/00F009, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
Mahala
since 20082.170.163.479
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0055/00F009 | Brussels | 1,553 m² | 1 · 417 m² | 18.7 m · 5 fl. |
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.
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Of 277 companies in sector 47519 we hold annual accounts for 130. 104 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 (pre-2019)
Founded19-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47519Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
13990Manufacture of textiles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46419Wholesale trade
Contact
Phone
0471450683Vorst
Scores and ratios are computed by Checked and are not a credit decision.