RED BAG

Active

Private limited companyfounded 2011active for 15 yearsSteenweg op Brussel 34C, 1780 Wemmel, BelgiumKBO/BCE: BE 0839.945.467

From the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of RED BAG is 17.0% (high). For RED BAG, at least two annual filings are missing. The 2022 annual accounts show equity of €59,146 and a net result of -€1,603. Equity has been growing by about 25% per year since 2018. Its solvency ranks better than 46% of 22,560 sector peers (NACE 47, financial year 2022). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

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RED BAGActive

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Official details

KBO

Status: Active since 05-10-2011 Normal situation
Legal form: Private limited company
Registered office: Steenweg op Brussel 34C, 1780 Wemmel
Activity: Retail trade NACE 47715and 2 others
Establishment unit: 2.231.469.162 1780 Wemmel, since 05-10-2011
Financial year end: 31 December
Peppol: Reachable since 14-02-2025

Company details

Board and ownership

Board

Ben Salem AbdellatifDirector

Board & ownership

Financial position

Bankruptcy probabilitywithin 12 months: 17.0%

2022 figures too old to score

Annual accounts 2022

Gross margin: €8,022; ▼ 56.0%
Turnover: ≈ €86,000; estimated
Loss: €1,603
Equity: €59,146; ▼ 2.6%
Total assets: €212,696; ▲ 40.3%

2023 accounts not filed, 823 days past the deadline

Filed on 23-12-2024PDF

Financials

Signalsraises risk3 financial years not filed after the legal deadline; last filed accounts filed 511 days late; 3 of the last 3 accounts lateFigures for financial year 2022 (filed on 23-12-2024)1 change of registered office in 24 monthsSize: total assets €212,696Two or more financial years not filed2022 accounts filed 511 days lateShow the evidence

Bankruptcy probability

No current score

Figures too old

The latest figures are for FY 2022. They are too old for a current score.

Bankruptcy probability: High

Filing: At least two annual filings are missing

Financial strength, FY 2022 · tick: 2021

Weak

Solvency 53-12

equity 27.8% of total assets

Liquidity 18-14

short-term debt 72.2% · cash 5.5%

Profitability 18-61

return on assets -0.8%

Bankruptcy probability within 12 months

17.0% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)

Last 24 months 11-2024: 10.8% 12-2024: 10.8%● unchanged vs 11-2024 01-2025: 10.3%▼ -0.5 percentage points vs 12-2024lowest value 02-2025: 15.4%▲ +5.1 percentage points vs 01-2025 03-2025: 15.8%▲ +0.4 percentage points vs 02-2025 04-2025: 14.8%▼ -1.0 percentage point vs 03-2025 05-2025: 14.8%● unchanged vs 04-2025 06-2025: 14.8%● unchanged vs 05-2025 07-2025: 14.8%● unchanged vs 06-2025 08-2025: 17.6%▲ +2.8 percentage points vs 07-2025highest value 09-2025: 17.6%● unchanged vs 08-2025highest value 10-2025: 17.6%● unchanged vs 09-2025highest value 11-2025: 17.6%● unchanged vs 10-2025highest value 12-2025: 17.6%● unchanged vs 11-2025highest value 01-2026: 17.6%● unchanged vs 12-2025highest value 02-2026: 17.6%● unchanged vs 01-2026highest value 03-2026: 17.6%● unchanged vs 02-2026highest value 04-2026: 17.6%● unchanged vs 03-2026highest value 05-2026: 17.6%● unchanged vs 04-2026highest value 06-2026: 17.6%● unchanged vs 05-2026highest value 07-2026: 17.6%● unchanged vs 06-2026highest value 08-2026: 17.0%▼ -0.6 percentage points vs 07-2026 09-2026: 17.0%● unchanged vs 08-2026 10-2026: 17.0%● unchanged vs 09-2026

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Signals

Six signals.

raises risk

3 financial years not filed after the legal deadline; last filed accounts filed 511 days late; 3 of the last 3 accounts late

NBB · filings

Figures for financial year 2022 (filed on 23-12-2024)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Size: total assets €212,696

Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2023 year end31-07-2024 deadline01-11-2026 today

2022 accounts filed 511 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-12-2024, 511 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

511 days late

2021

500 days late

2020

90 days late

2019

122 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 306 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)

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Documents

Key facts about RED BAG

What is the company number of RED BAG?: The company number of RED BAG is 0839.945.467. The VAT number is the same number with BE in front: BE 0839.945.467.
Where is RED BAG based?: The registered office is at Steenweg op Brussel 34C, 1780 Wemmel.Company details
What does RED BAG do?: According to the KBO register, the main activity is retail trade (NACE 47715).
What is the legal form of RED BAG?: The legal form of RED BAG is Private limited company (BV).
When was RED BAG founded?: RED BAG was founded on 05-10-2011.
Is RED BAG still active?: Yes, RED BAG is an active enterprise in the KBO register.
What is the turnover of RED BAG?: The turnover in financial year 2022 is ≈ €86,000. This figure is estimated from the gross margin of €8,022 and 118 comparable companies (NACE 477). It probably lies between €31,000 and €180,000. It is a rough estimate.Financials
Is RED BAG profitable?: In financial year 2022, RED BAG made a loss of €1,603.
Where can I find the annual accounts of RED BAG?: RED BAG filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2022.Annual accounts 2022 (PDF)

Comparable companies

These companies have the same main activity as RED BAG: retail trade (NACE 47715). They are comparable in size and age: total assets between €143,000 and €317,000, founded between 2004 and 2016.

Company	Total assets	Gross margin
RED BAG Wemmel	€212,696	€8,022
FBJ RUN Harelbeke	€194,514	€10,909
Kich Fashion Schilde	€194,720	€17,195
Deauville Sports & Classics Nazareth-De Pinte	€143,697	€7,411
LCHY Bertem	€142,932	€24,606
Scisseaux Evergem	€176,532	€17,595
This is Fashion Leopoldsburg	€317,169	€21,000