Checked.be
Active
BE 0441.158.869Private limited company
TOWNHOUSE
Okkernootsteeg 5 ·9000 Gent, Belgium· 36 yrs active
Sector: Retail sale of household textiles and bedding
(47512)
Conclusion
TOWNHOUSE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €13k. Equity is shrinking by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €192k |
| Net result | €13k |
| Better than sector | 86% |
| Active | 36 yrs |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
35
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1990, 36 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
94
/ 100
Excellent
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
€18k
estimate, not credit advice
Score history
86
2022
83
2023
91
2024
94
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 15.27 (≥ 1.5)
+10
Quick ratio
Quick ratio 15.27 (≥ 1.0)
+5
Leverage
Debt/equity 0.27 (< 1.0)
+10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 13.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-10-2025 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 ~19.6%/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 (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.8% | 34.6% | |
| Net result | €13k | €5k | |
| Equity | €192k | €44k | |
| Gross operating margin | €40k | €34k | |
| Total assets | €244k | €154k |
€35k
+6.5%
22-25
€13k
+20.9%
22-25
€27k
+10.9%
22-25
€244k
-4.5%
22-25
€192k
+7.5%
22-25
€135k
+3.0%
22-25
€6k
+22.2%
22-25
€91k
+9.6%
22-25
€52k
-32.6%
22-25
€9k
-25.1%
22-25
€38k
-36.7%
22-25
15.27
+34.2%
22-25
15.27
+34.2%
22-25
78.8%
+12.6%
22-25
0.27
-37.2%
22-25
7.0%
+12.5%
22-25
5.5%
+26.6%
22-25
13.56
+69.9%
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 | €35k | €33k | €30k | €35k |
| Net profit | €13k | €11k | €9k | €11k |
| Cash flow | €27k | €24k | €21k | €23k |
| Staff costs | - | - | - | - |
| Income taxes | €6k | €5k | €4k | €5k |
| Dividends | - | €91k | €83k | - |
| Total assets | €244k | €256k | €352k | €455k |
| Equity | €192k | €179k | €259k | €333k |
| Debt | €52k | €77k | €93k | €122k |
| of which ≤ 1y | €9k | €13k | €11k | €21k |
| of which > 1y | €38k | €60k | €75k | €90k |
| Working capital | €135k | €131k | €221k | €302k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 15.27 | 11.37 | 20.58 | 15.21 |
| Quick ratio | 15.27 | 11.37 | 20.58 | 15.21 |
| Working capital ratio | 55.2% | 51.2% | 62.7% | 66.3% |
| Solvency | 78.8% | 70.0% | 73.6% | 73.2% |
| Debt / equity | 0.27 | 0.43 | 0.36 | 0.37 |
| Long-term debt ratio | 0.20 | 0.34 | 0.29 | 0.27 |
| Interest coverage | 13.56 | 7.99 | 5.68 | 5.24 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 5.5% | 4.3% | 2.5% | 2.4% |
| ROE | 7.0% | 6.2% | 3.3% | 3.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 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 | €244k | €256k | €352k | €455k |
| Fixed assets | 21/28 | €100k | €112k | €120k | €132k |
| Tangible fixed assets | 22/27 | €100k | €112k | €120k | €132k |
| Current assets | 29/58 | €144k | €143k | €232k | €323k |
| Amounts receivable within one year | 40/41 | - | €166 | - | - |
| Cash & bank | 54/58 | €143k | €142k | €231k | €322k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €244k | €256k | €352k | €455k |
| Equity | 10/15 | €192k | €179k | €259k | €333k |
| Contributions / capital | 10/11 | €135k | €135k | €135k | €135k |
| Reserves | 13 | €57k | €43k | €123k | €198k |
| Accumulated profits (losses) | 14 | €559 | €559 | €559 | €559 |
| Amounts payable | 17/49 | €52k | €77k | €93k | €122k |
| Amounts payable after one year | 17 | €38k | €60k | €75k | €90k |
| Amounts payable within one year | 42/48 | €9k | €13k | €11k | €21k |
| Trade debts payable within one year | 44 | €2k | €2k | €2k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €40k | €37k | €34k | €39k |
| Operating result | 9901 | €22k | €20k | €18k | €22k |
| Financial income | 75 | - | - | €210 | - |
| Financial charges | 65 | €3k | €4k | €5k | €7k |
| Result before taxes | 9903 | €19k | €16k | €13k | €16k |
| Income taxes | 67/77 | €6k | €5k | €4k | €5k |
| Net result for the period | 9904 | €13k | €11k | €9k | €11k |
| Result to be appropriated | 9905 | €13k | €11k | €9k | €11k |
Legal Structure
| NACE primary | Retail sale of household textiles and bedding(47512) |
| Legal form | Private limited company(610) |
| Incorporation | 27-06-1990 |
| Status | Active |
| Postal code | 9000 |
Establishment units
AU BON MARCHE ACCESSOIRES
since 19902.049.364.134
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C1193/00A000 | Flanders | 124 m² | 1 · 124 m² | 18.7 m · 5 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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €13k ▲20.9%
Net result €13k, the highest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €9k ▼20.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 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 household textiles and bedding4751252410Retail sale of household furniture47551Retail trade47591Retail sale of souvenirs and religious articles47784Retail trade477865244152497
Names & trade names
| Legal nameNL | TOWNHOUSE |
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