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KRUIDVAT

Active
Private limited companyfounded 1992active for 34 yearsBorsbeeksebrug 30, 2600 Antwerpen, BelgiumKBO/BCE: BE 0446.891.668
Summary

KRUIDVAT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83.5m and a net result of €19.0m. Equity has been growing by about 5.5% per year since 2018. Its solvency ranks better than 58% of 5,039 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 18-03-1992 Normal situation
Registered office
18 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
Activity
Other non-specialised retail sale NACE 47120and 1 other
Joint committee
311 Paritair Comité voor de grote kleinhandelszaken · annual accounts 01-01-2023
Establishment units
2.130.887.387 9100 Sint-Niklaas, since 24-04-1992
2.130.888.476 2300 Turnhout, since 10-09-1993and 324 others
Financial year end
28 December
Peppol
Reachable

Board and ownership

Board
  • Shih EdithDirector · since 18-10-2002
  • Lai Dominic Kai MingDirector · since 11-12-2006
  • Heuthorst Erik AugustDirector · since 01-02-2008
and 3 others
Shareholders
  • AS Watson (Europe) Retail Holdings B.V.annual accounts 28-12-2025
  • CK Hutchison Holdings Limitedannual accounts 28-12-2025

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 28-12-2025
Turnover
€779.5m
▲ 8.9%
Profit
€19.0m
▲ 9.0%
Equity
€83.5m
▲ 3.6%
Total assets
€192.7m
▼ 0.2%
Employees on 28-12-2025
3,582
▲ 5.9%
  • 2025 accounts filed 62 days after the deadline
Score breakdownraises riskLast filed accounts filed 62 days late; 1 of the last 3 accounts lateSector: Retail trade (NACE 47)lowers riskFounded in 1992Size: turnover €779.5m, 2,407 FTE, total assets €192.7mShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of large companies in retail trade (NACE 47)
Financial strength · tick: 2024
Average
Solvency 68+1
equity 43.3% of total assets
Liquidity 33+8
short-term debt 56.7% · cash 9.9%
Profitability 50+1
return on assets 9.9%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (84 companies, NACE 47, large)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.4 percentage points vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €7,550,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.45 (1.42 in 2024), below the usual 1.5. Short-term debt is 56.7% and cash 9.9% of total assets. 56.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, large). It does better than 71% of them on solvency, 59% on liquidity, 30% on profitability and 67% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €779.5m, 2,407 FTE, total assets €192.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 62 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · 2025 accounts filed 62 days late
The financial year that closed on 28-12-2025 was due by 28-07-2026 and was filed on 28-09-2026, 62 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
62 days late
2024
6 days early
2023
14 days early
2023
30 days late
2022
6 days late
2020
11 days early
2019
11 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest employer in the province of Antwerp, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: 5 years of growth in a rowturnover 2025: €779.5m 5 years View
  • Flemish supportawarded from 2022 to 2025 €359,735 View

Recent changes

  1. · Gazette deed Reappointment: PricewaterhouseCoopers Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Steven van Bael
  2. · Gazette deed Appointment: NGAI Man Lin Malina (director)
  3. · Gazette deed Reappointment: PricewaterhouseCoopers Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Steven van Bael
All 17 events

Comparable companies

These companies have the same main activity as KRUIDVAT: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €55m and €274m, founded between 1975 and 2005.

CompanyTotal assetsTurnover
KRUIDVAT Antwerpen€192.7m€779.5m
Action Belgium Asse€273.8m€1,470.0m
Retail Concepts Antwerpen€199.2m€283.9m
HEMA België Ukkel€55.6m€163.9m
SOCIETE NOUVELLE DE DISTRIBUTION Fleurus€77.1m€212.2m
Lagardère Travel Retail Belgium Steenokkerzeel€54.6m€216.9m
Ranson Harelbeke€90.3m€218.0m
Full comparison

Key facts about KRUIDVAT

What is the company number of KRUIDVAT?
The company number of KRUIDVAT is 0446.891.668. The VAT number is the same number with BE in front: BE 0446.891.668.
Where is KRUIDVAT based?
The registered office is at Borsbeeksebrug 30, 2600 Antwerpen.Company details
What does KRUIDVAT do?
According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
What is the legal form of KRUIDVAT?
The legal form of KRUIDVAT is Private limited company (BV).
When was KRUIDVAT founded?
KRUIDVAT was founded on 18-03-1992.
Is KRUIDVAT still active?
Yes, KRUIDVAT is an active enterprise in the KBO register.
How many employees does KRUIDVAT have?
KRUIDVAT had an average of 2,407 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does KRUIDVAT fall under?
In its 01-01-2023 annual accounts, KRUIDVAT states joint committee 311 (Paritair Comité voor de grote kleinhandelszaken).
What is the turnover of KRUIDVAT?
The turnover of KRUIDVAT was €779.5m in financial year 2025, according to the filed annual accounts.
Is KRUIDVAT profitable?
In financial year 2025, KRUIDVAT made a profit of €19.0m.
Where can I find the annual accounts of KRUIDVAT?
KRUIDVAT filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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