Checked.be
Active
BE 0421.831.818Private limited company
MICHEL DURANT
Luikenaarsstraat 47-49 ·1050 Elsene, Belgium· 45 yrs active
Sector: Retail sale of second-hand clothing
(47792)
Conclusion
MICHEL DURANT has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €-12k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €153k |
| Net result | €-12k |
| Better than sector | 55% |
| Active | 45 yrs |
Financial profile
48
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
33
Profitability
0
Solvency
51
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1981, 45 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.
Checked score
33
/ 100
Weak
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.
Indicative credit limit
€5k
estimate, not credit advice
Score history
18
2022
15
2023
57
2024
33
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.12 (< 1.0)
-10
Quick ratio
Quick ratio 0.02 (< 0.6)
-5
Leverage
Debt/equity 1.48 (< 2.0)
+3
Profitability
Negatieve ROE -8%
-10
Interest coverage
Interest coverage 14.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.9%/year over 4 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 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.3% | 34.6% | |
| Net result | €-12k | €5k | |
| Equity | €153k | €44k | |
| Gross operating margin | €33k | €34k | |
| Total assets | €379k | €154k |
€21k
-51.2%
22-25
€-12k
-
22-25
€19k
-41.7%
22-25
€379k
-11.7%
22-25
€153k
-7.0%
22-25
€-167k
-0.7%
22-25
€226k
-14.5%
22-25
€189k
-8.5%
22-25
€25k
-47.4%
22-25
0.12
-40.9%
22-25
0.02
+47.8%
22-25
40.3%
+5.2%
22-25
1.48
-8.1%
22-25
-7.6%
-
22-25
-3.1%
-
22-25
14.26
+215.3%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €21k | €42k | €-12k | €12k |
| Net profit | €-12k | €2k | €-53k | €-25k |
| Cash flow | €19k | €33k | €-22k | €3k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €379k | €429k | €484k | €537k |
| Equity | €153k | €164k | €162k | €215k |
| Debt | €226k | €265k | €321k | €322k |
| of which ≤ 1y | €189k | €207k | €212k | €200k |
| of which > 1y | €25k | €47k | €69k | €91k |
| Working capital | €-167k | €-166k | €-147k | €-112k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.12 | 0.20 | 0.31 | 0.44 |
| Quick ratio | 0.02 | 0.01 | 0.02 | 0.03 |
| Working capital ratio | -44.1% | -38.7% | -30.4% | -20.8% |
| Solvency | 40.3% | 38.3% | 33.6% | 40.0% |
| Debt / equity | 1.48 | 1.61 | 1.98 | 1.50 |
| Long-term debt ratio | 0.16 | 0.29 | 0.43 | 0.42 |
| Interest coverage | 14.26 | 4.52 | -1.22 | 1.33 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.1% | 0.5% | -10.9% | -4.6% |
| ROE | -7.6% | 1.2% | -32.3% | -11.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €379k | €429k | €484k | €537k |
| Fixed assets | 21/28 | €357k | €388k | €419k | €449k |
| Intangible fixed assets | 21 | €399 | €11k | €21k | €32k |
| Tangible fixed assets | 22/27 | €357k | €377k | €397k | €416k |
| Financial fixed assets | 28 | €0 | €639 | €639 | €1k |
| Current assets | 29/58 | €22k | €41k | €65k | €88k |
| Stocks & contracts in progress | 3 | €18k | €38k | €60k | €82k |
| Amounts receivable within one year | 40/41 | €224 | €193 | €1k | €6k |
| Cash & bank | 54/58 | €4k | €3k | €4k | €850 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €379k | €429k | €484k | €537k |
| Equity | 10/15 | €153k | €164k | €162k | €215k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-268k | €-256k | €-258k | €-206k |
| Amounts payable | 17/49 | €226k | €265k | €321k | €322k |
| Amounts payable after one year | 17 | €25k | €47k | €69k | €91k |
| Amounts payable within one year | 42/48 | €189k | €207k | €212k | €200k |
| Trade debts payable within one year | 44 | €626 | - | €2k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €33k | €63k | €10k | €22k |
| Operating result | 9901 | €-10k | €11k | €-42k | €-16k |
| Financial income | 75 | €1 | - | €205k | - |
| Financial charges | 65 | €1k | €9k | €9k | €9k |
| Result before taxes | 9903 | €-12k | €2k | €-53k | €-25k |
| Net result for the period | 9904 | €-12k | €2k | €-53k | €-25k |
| Result to be appropriated | 9905 | €-12k | €2k | €-53k | €-25k |
Legal Structure
| NACE primary | Retail sale of second-hand clothing(47792) |
| Legal form | Private limited company(610) |
| Incorporation | 01-09-1981 |
| Status | Active |
| Postal code | 1050 |
Establishment units
Luikenaarsstraat 47 4, 1050 Elsene
since 19812.019.661.645
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0014/00A003 | Brussels | 136 m² | 1 · 182 m² | 19.4 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, 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
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 126 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of second-hand clothing47792Other construction installation43240Retail sale of household textiles and bedding47512Retail sale of clothing and accessories for women, men, children and babies (general range)47716Activities of interior architects71112Interior design74130
Names & trade names
| Legal nameFR | MICHEL DURANT |
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