Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of GAB86 is 2.5% (moderate). The 2024 annual accounts show negative equity (€-221k) and a net result of €-190k. Equity is shrinking by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 963 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Multiple establishment units
+Annual accounts: weaker financial profile
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 27-11-2025 | 119 d late | 2025-00571427 |
| 31-12-2023 | 31-07-2024 | 08-10-2024 | 69 d late | 2024-00499057 |
| 31-12-2022 | 31-07-2023 | 19-08-2023 | 19 d late | 2023-00342284 |
| 31-12-2021 | 31-07-2022 | 07-07-2022 | 24 d early | 2022-20165291 |
| 31-12-2020 | 31-07-2021 | 07-07-2021 | 24 d early | 2021-33100219 |
| 31-12-2019 | 31-07-2020 | 16-07-2020 | 15 d early | 2020-31100087 |
| 31-12-2018 | 31-07-2019 | 29-07-2019 | 2 d early | 2019-40300288 |
| 31-12-2017 | 31-07-2018 | 09-07-2018 | 22 d early | 2018-30800354 |
| 31-12-2016 | 31-07-2017 | 03-07-2017 | 28 d early | 2017-28100408 |
| 31-12-2015 | 31-07-2016 | 12-08-2016 | 12 d late | 2016-42500138 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€2.00M-20.4%
EBIT margin-7.8%-0.5pp
Net result€-190k+5.7%
Working capital€-246k-280.4%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 27-11-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~27.1%/year over 7 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 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -24.7% | 27.4% | |
| Net result | €-190k | €24k | |
| Equity | €-221k | €172k | |
| Gross operating margin | €342k | €174k | |
| Staff costs | €427k | €166k |
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).
P10
Weakening position over 2020-2024
· n=517-963
P8
Weakening position over 2020-2024
· n=516-963
P6
Weakening position over 2020-2024
· n=517-963
P66
Stable position over 2020-2024
· n=515-961
Describes the position versus peers, not a forecast.
€2.00M
-20.4%
18-24
€-108k
+3.8%
18-24
€-190k
+5.7%
18-24
€-142k
-9.9%
18-24
€895k
-14.7%
18-24
€-221k
-629.6%
18-24
€-246k
-280.4%
18-24
8
-7.9%
18-24
€427k
-8.3%
18-24
€302
+75.9%
18-24
€1.12M
+3.3%
18-24
€1.07M
+7.5%
18-24
€40k
-49.6%
18-24
0.77
-17.6%
18-24
0.42
-12.2%
18-24
-24.7%
-755.7%
18-24
-5.06
+85.8%
18-24
86.3%
-87.1%
18-24
-21.3%
-10.6%
18-24
-9.5%
-18.5%
18-24
-5.4%
-20.9%
18-24
-3.14
+51.0%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | €2.00M |
| EBITDA | €-108k |
| Net profit | €-190k |
| Cash flow | €-142k |
| Staff costs | €427k |
| Income taxes | €302 |
| Dividends | - |
| Total assets | €895k |
| Equity | €-221k |
| Debt | €1.12M |
| of which ≤ 1y | €1.07M |
| of which > 1y | €40k |
| Working capital | €-246k |
| Employees (FTE) | 8.2 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.77 |
| Quick ratio | 0.42 |
| Working capital ratio | -27.5% |
| Solvency | -24.7% |
| Debt / equity | -5.06 |
| Long-term debt ratio | -0.18 |
| Interest coverage | -3.14 |
| Gross margin | 17.1% |
| Net margin | -9.5% |
| ROA | -21.3% |
| ROE | 86.3% |
| EBITDA margin | -5.4% |
| Days sales outstanding | 73d |
| Days payable outstanding | 136d |
| Inventory turnover | 4.42 |
| Days inventory (DSI) | 83d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €895k |
| Fixed assets | 21/28 | €66k |
| Tangible fixed assets | 22/27 | €54k |
| Financial fixed assets | 28 | €13k |
| Current assets | 29/58 | €828k |
| Stocks & contracts in progress | 3 | €375k |
| Amounts receivable within one year | 40/41 | €415k |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €895k |
| Equity | 10/15 | €-221k |
| Contributions / capital | 10/11 | €919k |
| Accumulated profits (losses) | 14 | €-1.14M |
| Amounts payable | 17/49 | €1.12M |
| Amounts payable after one year | 17 | €40k |
| Amounts payable within one year | 42/48 | €1.07M |
| Trade debts payable within one year | 44 | €616k |
| Income statement | ||
| Turnover | 70 | €2.00M |
| Gross operating margin | 9900 | €342k |
| Operating result | 9901 | €-156k |
| Financial income | 75 | €210 |
| Financial charges | 65 | €34k |
| Result before taxes | 9903 | €-190k |
| Income taxes | 67/77 | €302 |
| Net result for the period | 9904 | €-190k |
| Result to be appropriated | 9905 | €-190k |
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 2024 · computed5
/ 100
Critical
Computed from 6 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 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Alain BroekaertDirectorState Gazette act 26051142 (24-04-2026)Current24-04-2026 → present
Former directors (1)
-
Former- → 24-04-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Groothandel in weefsels, stoffen en fournituren(46411) |
| Legal form | Private limited company(610) |
| Incorporation | 07-03-2011 |
| Status | Active |
| Postal code | 1740 |
Structure & network
Locations & real estate
Registered office
on the map · from the address register
Ternat
exact location from the address register
Establishment units
6 locationsGAB 86
since 20112.196.633.987
Love Stories Antwerpen
since 20182.276.107.077
Love Stories Gent
since 20182.276.107.968
Love Stories Knokke
since 20182.276.491.614
Love Stories Leuven
since 20192.292.130.388
Love Stories Brugge
since 20212.322.853.852
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels6
Ground area3,902 m²
Buildings5
Building footprint968 m²
Volume (LiDAR)12,644 m³
Tallest building26.4 m · ±6 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.
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0480/00Z000 | Flanders | 3,080 m² | 1 · 251 m² | 15.4 m · 4 fl. |
| 31334B0637/00_000 | Flanders | 270 m² | 1 · 337 m² | 26.4 m · 6 fl. |
| 44805E0290/00F000 | Flanders | 216 m² | 1 · 82 m² | 17.2 m · 4 fl. |
| 24505F0709/00C000 | Flanders | 195 m² | 1 · 195 m² | 20.1 m · 5 fl. |
| 31804D0705/00M000 | Flanders | 120 m² | 1 · 103 m² | 14.5 m · 3 fl. |
| 11803C1924/00K000 | Flanders | 20 m² | - | - |
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Capital history · 1
26-06-2019
v3.2
All acts · 3
updated 3 months ago
2026
24-04-2026 Act object · General meeting · Officer resignation · Officer discharge
- Filing: 2026-04-17 · GAB 86
- Publication: 2026-04-24 · GAB 86
- Act object: Ontslag - Benoeming · GAB 86
- General meeting: 2026-03-27 · GAB 86
- Officer resignation: 2026-03-27 · GAB MANAGEMENT
- Officer discharge: 2026-03-27 · GAB MANAGEMENT
- Officer appointment: 2026-03-27 · Alain Broekaert
Summary:
Act object · General meeting · Officer resignation · Officer discharge
2019
26-06-2019 Capital increase of €900,000 to €918,600
2015
07-09-2015 CVBA Callens, Pirenne, Theunissen & Co appointed as statutory auditor
Analysis
Snowflake analysis
financial profile on 5 axes49
/ 100
Mixed profile: strong on stability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
5
Profitability
33
Solvency
39
Growth
69
Stability
100
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
Groothandel in weefsels, stoffen en fournituren46411Groothandel in weefsels, stoffen en fournituren46411Detailhandel in onderkleding, lingerie en strand- en badkleding in gespecialiseerde winkels47714Detailhandel in onderkleding, lingerie en strand- en badkleding47714Groothandel in huishoudtextiel en beddengoed46412Groothandel in huishoudtextiel en beddengoed46412Groothandel in overig textiel46419Groothandel in overig textiel46419Groothandel in werkkleding46421Groothandel in werkkleding46421Groothandel in onderkleding46422Groothandel in onderkleding46422Groothandel in kledingaccessoires46424Groothandel in kledingaccessoires46424Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716
Primary activity highlighted.
Names & trade names
| Legal nameNL | GAB86 |
Registered office
Assesteenweg 96
1740 Ternat, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.