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Eqwal Charleroi

Active
Public limited companyfounded 197749 yrs activeRue du Rabiseau(FL) 8, 6220 Fleurus, BelgiumKBO/BCE: BE 0416.731.202
Summary

The computed 12-month bankruptcy probability of Eqwal Charleroi is 1.6% (moderate). The 2025 annual accounts show equity of €478,641 and a net result of -€234,946. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 50% of 4911 sector peers (fiscal year 2025). The company has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Eqwal CharleroiActiveChecked score 62/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
NACE 47741NACE 47740Warehousing and support activities for transportation NACE 52320
#9 oldest company in Fleurus, Wholesale and retail trade sector3 sites
Size
€1.3mtotal assets 2025
Staff
20 FTE
Equity
€478,641
Loss
-€234,946
Financial health
62 Healthy Checked score 2025
Bankruptcy chance 12 m
1.6%
Structure
Parent
FINICOMA · 100%
Board
1 member
Holdings
1
Auditor: RSM INTERAUDITAccounts 17 d early
Why 62- Loss of €234,946 (FY 2025)- Size: 20 FTE, total assets €1.3m- Sector Retail trade (NACE 47)+ Founded in 1977Show the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 26% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 61+2
equity 36.1% of total assets
Liquidity 33-1
short-term debt 57.3% · cash 10.1%
Profitability 0-85
return on assets -17.7%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,688 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%▼ -0.9% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%▼ -0.6% vs 02-2025 04-2025: 0.3%▲ +0.3% vs 03-2025 05-2025: 0.2%▼ -37.6% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%▼ -0.5% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%▼ -2.8% vs 11-2025 01-2026: 0.2%▼ -1.5% vs 12-2025lowest value 02-2026: 0.2%▲ +3.5% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.3%▲ +37.3% vs 03-2026 05-2026: 1.6%▲ +449% vs 04-2026highest value 06-2026: 1.6%● 0.0% vs 05-2026highest value 07-2026: 1.6%● 0.0% vs 06-2026highest value 08-2026: 1.6%● 0.0% vs 07-2026highest value 09-2026: 1.6%● 0.0% vs 08-2026highest value 10-2026: 1.6%▼ -0.6% vs 09-2026
  • Loss of €234,946 (FY 2025) raises the probability
  • Founded in 1977 lowers the probability for this profile
  • Size: 20 FTE, total assets €1.3m raises the probability for this profile
  • Sector Retail trade (NACE 47) raises the probability
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.41 in 2024; short-term debt: 57.3% and cash: 10.1% of total assets), and 63.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 56%, liquidity 34%, profitability 2%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €234,946 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1977
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Size: 20 FTE, total assets €1.3m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 d early
2024
13 d early
2023
78 d late
2022
20 d early
2021
13 d early
2020
12 d early
2019
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-09-2026 close05-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Statutes amendment · Resignations & appointmentsName change · Power of…
  3. Weakest financial yearnet -€234,946

Key points

  • Caution: From profit to loss in 2025after €275,497 in 2024 -€234,946 View
  • Caution: Among the weakest 7% on net resultsector median €41,157 · 4,911 companies -€234,946 View
  • Controlled by FINICOMAultimately: Ovalie Développement 4 100% View
  • Active since 1977founded 06-01-1977 49 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.3m
Loss
-€234,946
Solvency
36.1%
Total assets▼ 36.2%
Net result
20182025
Go to Financials

Timeline

Events
29
Since
2003
Next accounts
by 30-04-2027
  1. 13-04-2026Annual accounts filed
  2. 13-10-2025Statutes amendment · Resignations & appointments
  3. 30-09-2025Weakest financial year
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Retail sale of medical and orthopaedic goods, excluding…NACE 47741
Founded
06-01-1977
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La fabrication, le commerce et la location, pour compte propre ou pour compte de tiers, de…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?FINICOMA · 24 companies

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