HOLDING 42 · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HOLDING 42 is 0.8% (low). The 2024 annual accounts show equity of €150k and a net result of €22k. Equity is growing by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 6722 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

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-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 29 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 29-08-2025, 29 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	29-08-2025	29 d late	2025-00442337
31-12-2023	31-07-2024	09-09-2024	40 d late	2024-00456040
31-12-2022	31-07-2023	25-08-2023	25 d late	2023-00377489
31-12-2021	31-07-2022	30-08-2022	30 d late	2022-20344988
31-12-2020	31-07-2021	31-08-2021	31 d late	2021-58600169
31-12-2019	31-07-2020	22-10-2020	83 d late	2020-62300242
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-55200533
31-12-2017	31-07-2018	31-08-2018	31 d late	2018-55000427
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-54900079
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-58500016

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 signals

Established

Founded in 2012, 14 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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€291k

EBIT margin15.4%

Net result€22k-4.0%

Working capital€159k+36.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~56.8%/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	39.0%	20.4%	better than 67% of 6722 sector peers
Net result	€22k	€4k	better than 76% of 6703 sector peers
Equity	€150k	€16k	better than 91% of 6737 sector peers
Gross operating margin	€97k	€24k	better than 81% of 6682 sector peers
Staff costs	€12k	€33k	higher than 29% of 3049 sector peers

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).

Solvency P67

Improving position over 2020-2024 · n=1505-6722

Net result P76

Weakening position over 2020-2024 · n=1499-6703

Equity P91

Improving position over 2020-2024 · n=1508-6737

Gross operating margin P81

Stable position over 2020-2024 · n=1494-6682

Describes the position versus peers, not a forecast.

Revenue

€291k

- 18-24

EBITDA

€82k

+2.4% 18-24

Net profit

€22k

-4.0% 18-24

Cash flow

€60k

+6.9% 18-24

Total assets

€384k

-18.1% 18-24

Equity

€150k

+17.6% 18-24

Working capital

€159k

+36.0% 18-24

Employees (FTE)

1

+25.0% 18-24

Show 14 other metrics

Staff costs

€12k

+191.9% 18-24

Income taxes

€13k

-7.3% 18-24

Debt

€234k

-31.4% 18-24

Debt ≤ 1y

€107k

-45.5% 18-24

Debt > 1y

€123k

-11.5% 18-24

Current ratio

2.49

+55.8% 18-24

Quick ratio

1.97

+58.1% 18-24

Solvency

39.0%

+43.7% 18-24

Debt / equity

1.57

-41.7% 18-24

ROE

15.0%

-18.4% 18-24

ROA

5.8%

+17.2% 18-24

Net margin

7.7%

- 18-24

EBITDA margin

28.4%

- 18-24

Interest coverage

8.54

+13.0% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€291k
EBITDA	€82k
Net profit	€22k
Cash flow	€60k
Staff costs	€12k
Income taxes	€13k
Dividends	-
Total assets	€384k
Equity	€150k
Debt	€234k
of which ≤ 1y	€107k
of which > 1y	€123k
Working capital	€159k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.49
Quick ratio	1.97
Working capital ratio	41.5%
Solvency	39.0%
Debt / equity	1.57
Long-term debt ratio	0.82
Interest coverage	8.54
Gross margin	33.4%
Net margin	7.7%
ROA	5.8%
ROE	15.0%
EBITDA margin	28.4%
Days sales outstanding	94d
Days payable outstanding	-
Inventory turnover	3.47
Days inventory (DSI)	105d

Balance-sheet composition 2024

Assets

Fixed assets €117k · 30.6% Current assets €267k · 69.4%

Equity & liabilities

Equity €150k · 39.0% Debt €234k · 61.0%

Full annual accounts (22 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	€384k
Fixed assets	21/28	€117k
Tangible fixed assets	22/27	€117k
Current assets	29/58	€267k
Stocks & contracts in progress	3	€56k
Amounts receivable within one year	40/41	€75k
Cash & bank	54/58	€136k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€384k
Equity	10/15	€150k
Contributions / capital	10/11	€20k
Reserves	13	€130k
Amounts payable	17/49	€234k
Amounts payable after one year	17	€123k
Amounts payable within one year	42/48	€107k
Income statement
Turnover	70	€291k
Gross operating margin	9900	€97k
Operating result	9901	€45k
Financial charges	65	€10k
Result before taxes	9903	€35k
Income taxes	67/77	€13k
Net result for the period	9904	€22k
Result to be appropriated	9905	€22k

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 · computed

94 / 100 Excellent

050100

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.

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.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

"Atelier AC" + "Aux Millésimes"

Grand'Place(CH) 22, 6460 ChimayDetailhandel in damesbovenkleding

since 20122.210.225.172

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area161 m²

Buildings1

Building footprint120 m²

Volume (LiDAR)1,109 m³

Tallest building12.1 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56016C0809/00F000	Wallonia	161 m²	1 · 120 m²	12.1 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 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

Belgian State Gazette · acts

0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 80

Solvency 83

Growth 78

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 121 of the 1,504 companies in this sector. 85 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Detailhandel in dranken, algemeen assortiment47252Vervaardiging van sieraden32123Overige detailhandel in voedingsmiddelen, neg47279Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.47299Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Cafés en bars56301

Primary activity highlighted.

Names & trade names

Legal nameFR

HOLDING 42

Registered office

Grand'Place(CH) 22

6460 Chimay, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.