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VALUE SHOP

Active
Private limited company·Overige niet-gespecialiseerde detailhandel· 4 yrs active
Simonsstraat 48 ·2018 Antwerpen, Belgium
KBO/BCE: BE 0777.445.991
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Age4 yrs
Board1
Connections1

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VALUE SHOP is 2.2% (moderate). The 2024 annual accounts show equity of €3k and a net result of €4k. Equity is growing by ~134.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 6698 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 77% of 6698 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 08-09-2025 39 d late 2025-00485582
31-12-2023 31-07-2024 30-08-2024 30 d late 2024-00452172
31-12-2022 31-07-2023 02-10-2023 63 d late 2023-00468829

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.2% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€4k+8370.4%
Working capital€3k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 08-09-2025 with the NBB · fiscal year 2024 · micro
€-5k€-3k€0€3k€5kOperating result 2022: €-4k€-4kNet result 2022: €-5k€-5kOperating result 2023: €-1k€-1kNet result 2023: €48€48Operating result 2024: €3k€3kNet result 2024: €4k€4k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~134.1%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-5k€0€5k€10k2025: €5k (€4k - €5k)2026: €7k (€7k - €7k)2027: €9k (€9k - €9k)2022: €-2k2023: €-1k2024: €3k202220232024202520262027
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 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 52.3% 20.4%
better than 77% of 6698 sector peers
Net result €4k €4k
better than 51% of 6678 sector peers
Equity €3k €16k
better than 32% of 6712 sector peers
Gross operating margin €4k €24k
better than 27% of 6657 sector peers
Total assets €5k €94k
better than 5% of 6702 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P77
2022: P24 · n=42902023: P25 · n=57142024: P77 · n=66982022 2024
Improving position over 2022-2024 · n=4290-6698
Net result P51
2022: P28 · n=42772023: P39 · n=56942024: P51 · n=66782022 2024
Improving position over 2022-2024 · n=4277-6678
Equity P32
2022: P24 · n=42982023: P24 · n=57212024: P32 · n=67122022 2024
Stable position over 2022-2024 · n=4298-6712
Gross operating margin P27
2022: P15 · n=42672023: P20 · n=56682024: P27 · n=66572022 2024
Improving position over 2022-2024 · n=4267-6657
Describes the position versus peers, not a forecast.
Net profit
€4k
+8370.4% 22-24
Total assets
€5k
-92.2% 22-24
Equity
€3k
- 22-24
Working capital
€3k
- 22-24
Debt
€2k
-96.4% 22-24
Debt ≤ 1y
€2k
-96.4% 22-24
Current ratio
2.10
+114.7% 22-24
Quick ratio
2.10
+114.7% 22-24
Solvency
52.3%
- 22-24
Debt / equity
0.91
- 22-24
ROE
157.6%
- 22-24
ROA
82.5%
+108483.4% 22-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA-
Net profit€4k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€5k
Equity€3k
Debt€2k
of which ≤ 1y€2k
of which > 1y-
Working capital€3k
Employees (FTE)-
Ratios (computed)
2024
Current ratio2.10
Quick ratio2.10
Working capital ratio52.3%
Solvency52.3%
Debt / equity0.91
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA82.5%
ROE157.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€5k
Current assets 29/58€5k
Amounts receivable within one year 40/41€3k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€5k
Equity 10/15€3k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€-397
Amounts payable 17/49€2k
Amounts payable within one year 42/48€2k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€4k
Operating result 9901€3k
Financial income 75€932
Financial charges 65€205
Result before taxes 9903€4k
Net result for the period 9904€4k
Result to be appropriated 9905€4k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
93 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • FinerLegal entity
    Director· perm. rep.: Eric Thoelen
    State Gazette act 25017235 (03-02-2025)
    Current
    23-01-2025 → present
Former directors (1)
  • Nico Van den Eynde
    Director
    State Gazette act 25017235 (03-02-2025)
    Former
    - → 23-01-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Overige niet-gespecialiseerde detailhandel(47120)
Legal form Private limited company(610)
Incorporation17-11-2021
StatusActive
Postal code2018

Structure & network

Connections & network

1 connected company
Group structure
Finer
Sits on the board · 1 subsidiary · 1 location
Control
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party
Control over this companysits on this company's board1
1 subsidiary · 1 location
controls
VALUE SHOPBE 0777.445.991

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Simonsstraat 482018 Antwerpen

Establishment units

1 location
VALUE SHOP
Simonsstraat 48, 2018 AntwerpenHandelsbemiddeling in horloges, artikelen van edele metalen en sieraden
since 20212.324.563.428
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area532 m²
Buildings1
Building footprint532 m²
Volume (LiDAR)4,608 m³
Tallest building18.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1191/00A004 Flanders 532 m² 1 · 532 m² 18.9 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

3 acts
All acts · 3 updated 3 months ago
2026
05-05-2026 Notarial deed · General meeting · Auditor report · Dissolution Open-capture extraction·Lars Hansen
  • Publication: 2026-05-05 · VALUE SHOP
  • Filing: 2026-04-22 · VALUE SHOP
  • Notarial deed: 2026-03-31 · VALUE SHOP
  • General meeting: 2026-03-31 · VALUE SHOP
  • Auditor report · VALUE SHOP
  • Dissolution: 2026-03-31 · VALUE SHOP
  • Liquidation: 2026-03-31 · VALUE SHOP
  • Dissolution balance sheet: deficitair · VALUE SHOP
  • Officer resignation: 2026-03-31 · FINER
  • Power of attorney: 2026-03-31 · VALUE SHOP
  • Power of attorney: 2026-03-31 · VALUE SHOP
  • Power of attorney: 2026-03-31 · VALUE SHOP
  • Act object: ONTBINDING EN SLUITING VAN VEREFFENING
Summary: Notarial deed · General meeting · Auditor report · DissolutionNotary: Lars Hansen
2025
03-02-2025 1 director appointed, 1 resigning Director changes
  • Eric Thoelen, Bestuurder
  • Nico Van den Eynde, Bestuurder
Summary: v3.2
2021
19-11-2021 Incorporation of a new BV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health93Profitability100Solvency96Growth78Stability94
92 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 100
Solvency 96
Growth 78
Stability 94

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Overige niet-gespecialiseerde detailhandel47120Detailhandel via postorderbedrijven of via internet47910
Primary activity highlighted.
Names & trade names
Legal nameNL VALUE SHOP
Registered office
Simonsstraat 48
2018 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.