Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of GERMANI is 0.7% (low). The 2024 annual accounts show equity of €116k and a net result of €-14k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 6720 sector peers (fiscal year 2024). The company has been active since 2000 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 everyone0.7%
Low
0%0,5%1,5%4%10%≥25%
Long track record
−Higher-failure-rate sector
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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, 17 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 after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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.
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 | 25-08-2025 | 25 d late | 2025-00398019 |
| 31-12-2023 | 31-07-2024 | 30-08-2024 | 30 d late | 2024-00407594 |
| 31-12-2022 | 31-07-2023 | 09-08-2023 | 9 d late | 2023-00320977 |
| 31-12-2021 | 31-07-2022 | 17-08-2022 | 17 d late | 2022-20291204 |
| 31-12-2020 | 31-07-2021 | 30-06-2021 | 31 d early | 2021-28000373 |
| 31-12-2019 | 31-07-2020 | 30-06-2020 | 31 d early | 2020-22500301 |
| 31-12-2018 | 31-07-2019 | 23-08-2019 | 23 d late | 2019-49000301 |
| 31-12-2017 | 31-07-2018 | 31-08-2018 | 31 d late | 2018-54900086 |
| 31-12-2016 | 31-07-2017 | 26-09-2017 | 57 d late | 2017-62200294 |
| 31-12-2015 | 31-07-2016 | 31-08-2016 | 31 d late | 2016-51400362 |
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 signalsLong-established
Founded in 2000, 26 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
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-14k
Working capital€-161k-15.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 25-08-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.1%/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 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.8% | 20.4% | |
| Net result | €-14k | €4k | |
| Equity | €116k | €16k | |
| Gross operating margin | €40k | €24k | |
| Total assets | €589k | €94k |
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).
P49
Weakening position over 2020-2024
· n=1501-6720
P15
Weakening position over 2020-2024
· n=1495-6701
P88
Stable position over 2020-2024
· n=1504-6735
P61
Stable position over 2020-2024
· n=1490-6680
Describes the position versus peers, not a forecast.
€37k
-3.4%
18-24
€-14k
-
18-24
€24k
-21.3%
18-24
€589k
+0.1%
18-24
€116k
-10.9%
18-24
€-161k
-15.0%
18-24
€472k
+3.3%
18-24
€204k
+20.5%
18-24
Show 8 other metrics
€269k
-6.8%
18-24
0.21
+21.5%
18-24
0.21
+18.6%
18-24
19.8%
-11.0%
18-24
4.06
+15.9%
18-24
-12.2%
-
18-24
-2.4%
-
18-24
2.80
-41.1%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €37k |
| Net profit | €-14k |
| Cash flow | €24k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €589k |
| Equity | €116k |
| Debt | €472k |
| of which ≤ 1y | €204k |
| of which > 1y | €269k |
| Working capital | €-161k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.21 |
| Quick ratio | 0.21 |
| Working capital ratio | -27.3% |
| Solvency | 19.8% |
| Debt / equity | 4.06 |
| Long-term debt ratio | 2.31 |
| Interest coverage | 2.80 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.4% |
| ROE | -12.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €589k |
| Fixed assets | 21/28 | €546k |
| Tangible fixed assets | 22/27 | €546k |
| Current assets | 29/58 | €43k |
| Stocks & contracts in progress | 3 | €1k |
| Amounts receivable within one year | 40/41 | €28k |
| Cash & bank | 54/58 | €14k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €589k |
| Equity | 10/15 | €116k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-64k |
| Amounts payable | 17/49 | €472k |
| Amounts payable after one year | 17 | €269k |
| Amounts payable within one year | 42/48 | €204k |
| Income statement | ||
| Gross operating margin | 9900 | €40k |
| Operating result | 9901 | €-1k |
| Financial charges | 65 | €13k |
| Result before taxes | 9903 | €-14k |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed15
/ 100
Critical
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
Gert VERHESENDirectorState Gazette act 24429707 (19-09-2024)Current19-09-2024 → present
2 events
- 19-09-2024 Resigned· Manager
- 19-09-2024 Appointed· Director
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 | Detailhandel in huismeubilair(47551) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-2000 |
| Status | Active |
| Postal code | 2440 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Hollandsebaan 552440 GeelEstablishment units
1 locationStationsstraat 175, 2440 Geel
since 20012.116.199.312
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area785 m²
Buildings2
Building footprint226 m²
Volume (LiDAR)998 m³
Tallest building15.7 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.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0887/00D002 | Flanders | 665 m² | 1 · 124 m² | 0.0 m |
| 13374F0645/00R000 | Flanders | 119 m² | 1 · 102 m² | 15.7 m · 3 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
1 acts All acts · 1
updated 1 year ago
2024
19-09-2024 1 director appointed, 1 resigning
- Gert VERHESEN, Bestuurder
- VERHESEN Gert, Zaakvoerder
Notary:
Philippe COLSON · GeelFirm:
Benijts & Colson
Analysis
Financial profile
5 of 5 axes measured41
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
0
Solvency
13
Growth
78
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 320 of the 2,607 companies in this sector. 245 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Organisatie van salons, tentoonstellingen en beurzen74872Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van sport- en recreatieartikelen77210Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300
Primary activity highlighted.
Names & trade names
| Legal nameNL | GERMANI |
Registered office
Hollandsebaan 55
2440 Geel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.