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Active
BE 0434.210.602Coöperatieve vennootschap met beperkte aansprakelijkheid
SECOND LIFE
Wallenstraat 19 ·8800 Roeselare, Belgium· 38 yrs active
Sector: Retail sale of second-hand clothing
(47792)
Conclusion
SECOND LIFE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €-8k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €165k |
| Net result | €-8k |
| Staff (FTE) | 2 |
| Better than sector | 78% |
Financial profile
61
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1988, 38 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
52
/ 100
Fair
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
€9k
estimate, not credit advice
Score history
93
2022
100
2023
100
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.88 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.88 (≥ 1.0)
+5
Leverage
Debt/equity 0.52 (< 1.0)
+10
Profitability
Negatieve ROE -5%
-10
Interest coverage
Interest coverage 0.1× (< 1.5×)
-10
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 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~14.6%/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 (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.9% | 37.6% | |
| Net result | €-8k | €31k | |
| Equity | €165k | €261k | |
| Gross operating margin | €81k | €227k | |
| Staff costs | €78k | €159k |
€600
-99.1%
22-25
€-8k
-
22-25
€-7k
-
22-25
€251k
-4.9%
22-25
€165k
-4.4%
22-25
€182k
-7.2%
22-25
2
-
22-25
€78k
+26.3%
22-25
€4k
-80.7%
22-25
€0
-100.0%
22-25
€86k
-5.8%
22-25
€63k
+2.7%
22-25
€15k
-27.5%
22-25
3.88
-7.3%
22-25
3.88
-7.3%
22-25
65.9%
+0.5%
22-25
0.52
-1.4%
22-25
-4.6%
-
22-25
-3.0%
-
22-25
0.10
-99.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €600 | €65k | €45k | €27k |
| Net profit | €-8k | €38k | €26k | €11k |
| Cash flow | €-7k | €38k | €28k | €17k |
| Staff costs | €78k | €61k | €54k | €89k |
| Income taxes | €4k | €22k | €16k | €11k |
| Dividends | - | €0 | €833 | - |
| Total assets | €251k | €264k | €202k | €155k |
| Equity | €165k | €173k | €135k | €110k |
| Debt | €86k | €91k | €66k | €45k |
| of which ≤ 1y | €63k | €62k | €34k | €29k |
| of which > 1y | €15k | €21k | €31k | €16k |
| Working capital | €182k | €197k | €162k | €123k |
| Employees (FTE) | 2.0 | 0.0 | 1.6 | 2.2 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 3.88 | 4.18 | 5.77 | 5.25 |
| Quick ratio | 3.88 | 4.18 | 5.77 | 5.25 |
| Working capital ratio | 72.8% | 74.6% | 80.5% | 79.3% |
| Solvency | 65.9% | 65.5% | 67.0% | 70.9% |
| Debt / equity | 0.52 | 0.53 | 0.49 | 0.41 |
| Long-term debt ratio | 0.09 | 0.12 | 0.23 | 0.15 |
| Interest coverage | 0.10 | 11.13 | 32.08 | 80.75 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -3.0% | 14.3% | 13.0% | 7.2% |
| ROE | -4.6% | 21.8% | 19.4% | 10.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 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 | €251k | €264k | €202k | €155k |
| Fixed assets | 21/28 | €5k | €5k | €5k | €3k |
| Tangible fixed assets | 22/27 | €435 | €673 | €966 | €3k |
| Financial fixed assets | 28 | €4k | €4k | €4k | - |
| Current assets | 29/58 | €246k | €259k | €196k | €152k |
| Amounts receivable within one year | 40/41 | €240k | €243k | €180k | €126k |
| Cash & bank | 54/58 | €2k | €12k | €15k | €25k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €251k | €264k | €202k | €155k |
| Equity | 10/15 | €165k | €173k | €135k | €110k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €154k | €154k | €116k | €91k |
| Accumulated profits (losses) | 14 | €-8k | €0 | €0 | - |
| Amounts payable | 17/49 | €86k | €91k | €66k | €45k |
| Amounts payable after one year | 17 | €15k | €21k | €31k | €16k |
| Amounts payable within one year | 42/48 | €63k | €62k | €34k | €29k |
| Trade debts payable within one year | 44 | €6k | €2k | €4k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €81k | €128k | €101k | €118k |
| Operating result | 9901 | €362 | €64k | €43k | €21k |
| Financial income | 75 | €3k | €2k | €305 | €672 |
| Financial charges | 65 | €6k | €6k | €1k | €338 |
| Result before taxes | 9903 | €-3k | €60k | €42k | €22k |
| Income taxes | 67/77 | €4k | €22k | €16k | €11k |
| Net result for the period | 9904 | €-8k | €38k | €26k | €11k |
| Result to be appropriated | 9905 | €-8k | €38k | €26k | €11k |
Legal Structure
| NACE primary | Retail sale of second-hand clothing(47792) |
| Legal form | Coöperatieve vennootschap met beperkte aansprakelijkheid(008) |
| Incorporation | 20-05-1988 |
| Status | Active |
| Postal code | 8800 |
Establishment units
SECOND LIFE
since 19882.038.167.364
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1364/00W003 | Flanders | 97 m² | 1 · 96 m² | 13.0 m · 3 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-8k ▼120%
Net result drops to €-8k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €38k ▲44.4%
Operating result €64k, net result €38k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲28%
3 profitable years in a row build equity to €173k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 70 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 330 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 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of second-hand clothing4779252502Retail sale of clothing and accessories for women, men, children and babies (general range)47716Retail sale of souvenirs and religious articles47784Retail trade477865242152497
Names & trade names
| Legal nameNL | SECOND LIFE |
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