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AMARANTE

Active Private limited companyfounded 2000active for 26 yearsBoulevard Cuivre et Zinc 12, 4030 LiègeKBO/BCE: BE 0470.564.618
AMARANTE
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Overview

Lifetime

20 annual accounts with figures on one time axis, 26 filings since 2000
peak €598,556 (2011)
€575,593▲ 12.4%
peak €233,438 (2011)
€176,521▲ 9.9%
peak €630,943 (2013)
€195,678▼ 47.0%
€792,340▲ 96.0%
peak 11.2 FTE (2015)
8.9 FTE▼ 4.3%
Board2 names since 2019
1 directorUpCircleS
Documentsfilings and deeds
25-05-202667 days before the deadline
2025financial year
Gross margin from €512,105 to €575,593Dividend €350,000Equity from €369,156 to €195,678Debts from €404,320 to €792,340

Key points

from the 2025 annual accounts

Equity

€195,678 from €630,943 in 2013

Equity fell by 69% in 12 years.

Turnover

≈ €2.1m estimated

The accounts state no turnover.

Debts

€792,340 ▲ 96.0%
Other debts
+350,000
Taxes and wages
+19,680
Suppliers
+2,885
The rest
+15,455

Debts rose by €388,020 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.

Staff

10 employees on 31-12-2025
111220211082022482023322024562025

In 2025, 5 people joined and 6 left.

Liquidity

1.25 was 1.87 in 2024

Short-term debts rose from €397,420 to €771,422.

Filings

26 annual accounts since 2000
AprilJune31 JulyOctober200020102020

Three of the last ten came late. The 2019 accounts came latest: 17 days after the end of the period.

Checked score

69
Healthy
Financially stronger than 37% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.3%▲ +0.2 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 0.6%● unchanged vs 06-2026highest value 08-2026: 0.6%● unchanged vs 07-2026highest value 09-2026: 0.6%● unchanged vs 08-2026highest value 10-2026: 0.6%● unchanged vs 09-2026highest value 11-2026: 0.6%● unchanged vs 10-2026highest value

Financial strength
Average

45-28equity 19.8% of total assets
15-19short-term debt 78.1% · cash 6.1%
91-4return on assets 17.9%

Score breakdown

raises risk
Size: 8.9 FTE, total assets €988,017
Sector: Retail trade (NACE 47)
Equity €195,678 (19.8% of total assets)
lowers risk
Founded in 2000
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 36% of them on solvency, 14% on liquidity, 86% on profitability and 11% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,818 companies had the same profile as AMARANTE has now. Each dot stands for 10 companies, two years later.

95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of AMARANTE itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,818 companies, not a prediction for AMARANTE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €13,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.25 (1.87 in 2024), below the usual 1.5. Short-term debt is 78.1% and cash 6.1% of total assets. 80.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: 8.9 FTE, total assets €988,017
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Equity €195,678 (19.8% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-05-2026, 67 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
67 days early
2024
59 days early
2023
64 days early
2022
70 days early
2021
73 days early
2020
46 days early
2019
17 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 52 days before 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

U
UpCircleS
Director, KAESES Kevin
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0470564618
Reappointment: UPCIRCLES (director) Permanent representative: KAESES Kevin · General meeting of 17-03-2023 · Gazette deed
Registered office moved within Liège New registered office: Boulevard Cuivre et Zinc 12, 4000 Liège · Previous registered office: Place Emile Dupont 5/4000 LIEGE · Permanent representative: Kevin Kaeses · General meeting of 10-12-2019 · Gazette deed
New manager UpCircleS appointed, Michaël GEREON resigned · Permanent representative: Kevin KAESES · Director discharge: Michaël GEREON (manager) · General meeting of 30-09-2019 · Gazette deed
All 36 events

Comparable companies

same main activity, similar in size and age
Company
AMARANTE Liège €1.0m €0.6m 19.8% 8.9
EPISODE BELGIUM Brussels €0.9m €0.7m 0.9% 10.7
ViTeS BE Anderlecht €1.1m €0.7m 75.5% 11.8
CASH CHARLEROI Quaregnon €1.2m €0.9m 38.5% 12
Antwerp Oud Papier Centrale Antwerp €1.2m €0.5m 65.3% 10.8
MARCO Herselt €1.3m €0.4m 90.4% 5.8
CITY CASH ONE Ixelles €1.9m €1.1m 17.7% 12.3

These companies have the same main activity as AMARANTE: retail sale of second-hand clothing (NACE 47792). They are comparable in size and age: total assets between €909,000 and €1.9m, founded between 1989 and 2002.

Official details

Source: KBO
Status
Active since 03-02-2000Normal situation
Activity
Retail sale of second-hand clothingNACE 47792
Joint committees
100Auxiliary committee for blue-collar workers
200Auxiliary committee for white-collar workers · annual accounts 2022
Establishment unit
2.094.889.0064030 Liège, since 29-02-2000
Financial year end
31 December
Peppol
Reachable since 05-08-2025
Company details

Annual accounts 2025

€575,593▲ 12.4%
€176,521▲ 9.9%
€195,678▼ 47.0%
€988,017▲ 27.7%
Employeeson 31-12-2025
10▼ 9.1%
Filing
Filed on 25-05-2026, 67 days before the end of the filing period
Financials

Insights on AMARANTE

AMARANTE has existed since 2000. The gross margin grew from €297,289 in 2006 to €575,593 in 2025 and staff from 7 to 8.9 full-time equivalents.

Solvency fell in 2025 from 47.7% to 19.8% because of the dividend.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 25-05-2026, 67 days before the deadline
€575,593
▲ 12.4%
€243,252
▲ 11.1%
€252,910
▲ 10.9%
€186,180
▲ 9.8%
19.8%
▼ 27.9 percentage points
1.25
▼ 0.62

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.1m. Estimated: probably between €1.6m and €3.2m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €988,017 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

19.8%

Higher than 31% of 5,069 companies in 2025.

1.25

Higher than 40% of 4,995 companies in 2025.

17.9%

Higher than 91% of 5,038 companies in 2025.

AMARANTE Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€35,886

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 5 people joined and 6 left. Training hours in 2025: 1,047.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 988,017773,476666,214615,550705,702594,077504,172523,350628,241724,516844,3841.1m910,042737,854716,467566,711435,162401,346314,329315,762
21/28 24,16630,78717,77437,29546,91265,48388,354119,264147,984228,488234,383234,862253,479121,584143,838127,857137,373124,74385,017108,636
21 4,5056,7579,01011,26213,51515,76718,01920,272-2,3484,5146,68051,79963,44469,70268,76159,65523,2595,22310,043
22/27 19,66124,0298,76425,58732,95249,27069,88898,546147,538225,694229,423227,736201,63058,14074,13659,09677,718101,48479,79498,146
22 -------------2596559,48118,30727,13235,95944,784
23 000---1,1922,3847,78213,2111,3802,7334,3284,4243,7405,3074,7155,4407,6801,827
24 6811,6413,6636,1263,7375,9269,38121,47444,40796,472107,40391,14870,80730,33645,45325,82638,82165,90424,14633,658
26 18,98022,3885,10219,46229,21543,34459,31674,68895,349116,011120,641133,855126,49623,12124,28818,48215,8753,00812,00917,877
28 ---44644644644644644644644644650------447
29/58 963,851742,690648,440578,255658,790528,594415,818404,087480,257496,028610,001860,839656,563616,270572,629438,854297,789276,603229,312207,126
29 ---------------16,00016,0008,000--
291 ---------------16,00016,0008,000--
3 456,792352,846365,003294,747274,684251,974253,391318,860321,967297,972243,711285,785202,627212,215221,049208,574182,198194,671165,161145,291
30/36 456,792352,846365,003294,747274,684251,974253,391318,860321,967297,972243,711285,785202,627212,215221,049208,574182,198194,671165,161145,291
40/41 426,565308,8528894-3,7391,4593,97134,10282,24290,64066,00086,47351,66215,36915,6201,174929
40 -2368894-2,6141,4593,9716,10214,71215,110-16,4736,1797,3697,5631,174929
41 426,565308,616-----1,125--28,00067,53075,53066,00070,00045,4838,0008,057--
50/53 -------1,09826,56626,556154,687442,877292,857123,391162,40086,78241,4927810,07825
54/58 59,92060,946263,764267,292369,045265,313145,41271,265119,030158,454168,42140,91162,968193,81594,96351,86636,14751,65146,31654,298
490/1 20,57320,04619,66416,20815,05211,30417,0159,12411,2359,0749,0799,0247,47020,8497,74423,9706,5836,5836,5836,583
Balance sheet: equity and liabilities
10/49 988,017773,476666,214615,550705,702594,077504,172523,350628,241724,516844,3841.1m910,042737,854716,467566,711435,162401,346314,329315,762
10/15 195,678369,156358,581371,242348,920293,935212,828208,855131,995169,762150,183488,358630,943475,723268,294274,856200,04594,42435,03134,573
10/11 30,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,987
100 -----30,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,98730,987
13 102,325102,325102,325101,856101,456101,248100,888100,511100,12299,87061,134228,099123,099138,099153,099123,099108,09863,0993,0993,099
130/1 ---3,0993,0993,099--------------
130 -----3,0993,0993,0993,0993,0993,0993,0993,0993,0993,0993,0993,0983,0993,0993,099
1311 ---3,0993,099---------------
132 3,1263,1263,1262,6572,2582,0501,69097,41297,02396,77158,036105,000120,000135,000150,000120,000105,00060,000--
133 99,19999,19999,19996,10096,10096,10096,100----120,000--------
14 62,366235,844225,269238,400216,477161,70080,95377,35788738,90658,062229,273476,857306,63784,208120,77060,960338945487
17/49 792,340404,320307,633244,308356,783300,141291,344314,496496,246554,754694,200607,342279,100262,131448,173291,855235,117306,922279,298281,189
17 --------1,71747,96241,75865,71049,48927,81645,11450,00870,13281,21853,94276,771
170/4 --------1,71747,96241,75865,71049,48927,81645,11450,00870,13281,21853,94276,771
42/48 771,422397,420307,633244,308355,262298,002291,344314,496494,529506,792652,442541,578229,611234,315403,059241,847164,985225,704225,356204,418
42 21,84520,40919,9772,927---1,71720,29828,09223,95230,11123,73617,29934,84130,44130,14530,59122,82818,074
44 10,3407,45611,84110,81110,36513,73417,58510,2363,74244,69751,65353,41457,67727,73924,87133,4484,12520,20023,60320,600
440/4 10,3407,45611,84110,81110,36513,73417,58510,2363,74244,69751,65353,41457,67727,73924,87133,4484,12520,20023,60320,600
45 129,236109,556125,814110,57094,897109,268147,844135,879123,681131,209109,15987,60364,43594,756140,126105,74390,92290,38988,86593,601
450/3 88,53573,73889,90874,56766,86793,162121,58297,256101,009109,44575,73842,95431,58265,343109,25285,62663,27362,66968,56869,084
454/9 40,70135,81835,90736,00328,03016,10626,26338,62322,67221,76433,42044,64932,85329,41330,87420,11727,64927,72020,29724,517
47/48 610,000260,000150,000120,000250,000175,000125,915166,663346,808302,793467,678370,44983,76294,521203,22172,21539,79384,52490,06072,143
492/3 20,9186,900--1,5212,139-----54--------
Income statement
70 -------------2.6m2.5m2.0m1.8m1.7m1.5m1.4m
76A -----------------48--
9900 575,593512,105514,989506,895443,171360,367514,460433,118482,974524,135536,171562,461535,608572,729598,556410,269358,600358,565296,996297,289
60/61 -------------2.1m2.0m1.6m1.5m1.3m1.2m1.2m
62 319,386281,100304,940291,439248,522193,998244,195262,637236,727250,127261,410258,342267,735225,713204,777164,323140,848138,605111,716125,474
630 9,6588,99620,21420,06918,57124,54427,32651,24452,29163,93950,90744,03827,87831,16138,98537,79537,47248,32834,50434,668
640/8 3,2973,0443,0409393,1765,21810,3435,0686,7717,4175,25833,78210,61711,05713,0538,9299,06910,03310,8479,106
66A ------30317233248542531,53939,62338,86228,9113,083505585413
9901 243,252218,965186,795194,448172,902136,607232,294113,998186,852202,167218,596226,300229,378304,798341,741199,222171,211161,599139,929128,041
75/76B -9457353501934361,1783,41611,8868,2919,6285813,7462,1572,114895550807297
75 -9457353501934361,1783,41611,8868,2919,6285813,7462,1572,114895550807297
65/66B 4,0162,7432,7841,1191,1141,0411,0771,1452,4742,60235,4323,9112,5504,9236,8436,6229,1967,5728,5079,184
65 4,0162,7432,7841,1191,1141,0411,0771,1452,4742,60235,4323,9112,5504,9236,8436,6229,1967,5728,5079,184
9903 239,236217,167184,084193,382171,838135,759231,653114,032187,794211,450191,030200,478187,786264,759308,144191,631162,860154,570132,144118,741
67/77 62,71556,59246,74651,06041,8544,651102,68037,17367,56174,87275,20543,06232,56657,33074,70646,82138,23833,17746,68641,632
9904 176,521160,575137,339142,323129,984131,107128,97376,859120,233136,579115,825157,417155,220207,429233,438144,810124,622121,39385,45877,109
789 ------96,100-----135,000150,00090,00045,00015,000---
689 --46940020836037738925238,73558,036105,000120,000135,000120,00060,00060,00060,000--
9905 176,521160,575136,869141,923129,776130,748224,69676,470119,98197,84457,78952,417170,220222,429203,438129,81079,62261,39385,45877,109
Appropriation of the result
9906 412,366385,844375,269358,400291,477211,700302,05377,357158,887155,906287,062529,273476,857306,637324,208190,77079,96062,33885,94577,487
14P 235,844225,269238,400216,477161,700---------------
791/2 ----------225,000---------
691/2 ------96,100-------------
6921 ------96,100-------------
694/7 350,000150,000150,000120,00075,00050,000125,000-158,000117,000454,000300,000--240,00070,00019,00062,00085,00077,000
694 350,000150,000150,000120,00075,00050,000125,000-158,000117,000454,000300,000--240,00070,00019,00062,00085,00077,000
Social balance sheet
9087 8.99.39.69.59.89.59.29.710.710.211.210.6109.78.98.187.16.37
Hours worked1013 15,00415,15715,73115,74417,31413,19416,33616,92516,06617,77018,53517,86817,00115,26816,20214,31812,99512,85910,39912,978
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 25-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 25-05-2026 2026-00121308 PDF
31-12-2024 full format 02-06-2025 2025-00119049 PDF
31-12-2023 full format 28-05-2024 2024-00100260 PDF
31-12-2022 full format 22-05-2023 2023-00090973 PDF
31-12-2021 full format 19-05-2022 2022-20033698 PDF
31-12-2020 full format 15-06-2021 2021-20000236 PDF
31-12-2019 full format 17-08-2020 2020-41700075 PDF
31-12-2018 full format 14-08-2019 2019-46400510 PDF
31-12-2017 full format 19-06-2018 2018-19900227 PDF
31-12-2016 full format 08-08-2017 2017-41900234 PDF
31-12-2015 full format 17-08-2016 2016-43100540 PDF
31-12-2014 full format 27-08-2015 2015-49500353 PDF
31-12-2013 full format 26-08-2014 2014-47700466 PDF
31-12-2012 full format 29-08-2013 2013-50000349 PDF
31-12-2011 full format 24-07-2012 2012-33400109 PDF
31-12-2010 full format 22-08-2011 2011-42200119 PDF
31-12-2009 full format 12-08-2010 2010-40700158 PDF
31-12-2008 full format 24-07-2009 2009-46300128 PDF
31-12-2007 full format 08-07-2008 2008-38700010 PDF
31-12-2006 full format 06-06-2007 2007-20200288 PDF
31-12-2005 full format 17-07-2006 2006-48300239 PDF
31-12-2004 full format 06-06-2005 2005-21304039 PDF
31-12-2003 full format 14-06-2004 2004-24401226 PDF
31-12-2002 full format 23-06-2003 2003-28504490 PDF
31-12-2001 full format 26-06-2002 2002-28200420 PDF
31-12-2000 full format 02-07-2001 2001-32101033 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
252,910227,961207,009214,517191,473161,151259,619165,242239,144266,106269,503270,337257,256335,959380,726237,017208,683209,927174,433162,709
186,180169,572157,553162,391148,555155,652156,299128,103172,525200,518166,732201,455183,097238,590272,423182,605162,094169,721119,962111,777
3,03822,0091,13910,45201,6733,63822,5241,28958,04559,81770,021212,38665,613107,88132,44961,37188,05311,33230,440
-1,026-202,818-3,528-101,753103,732119,90174,147-47,765-39,424-9,967127,510-22,057-130,84798,85243,09715,719-15,5045,335-7,982-
192,429345,270340,807333,947303,529230,592124,47489,591-14,271-10,764-42,441319,261426,952381,955169,570197,007132,80450,8993,9562,708
-------------11.7%13.4%10.1%9.4%9.8%9.5%9.0%
19.8%47.7%53.8%60.3%49.4%49.5%42.2%39.9%21.0%23.4%17.8%44.6%69.3%64.5%37.4%48.5%46.0%23.5%11.1%10.9%
1.251.872.112.371.851.771.431.280.970.980.931.592.862.631.421.811.801.231.021.01
0.660.980.921.161.080.930.560.270.320.390.561.061.981.720.870.950.700.360.280.30
4.051.100.860.661.021.021.371.513.763.274.621.240.440.551.671.061.183.257.978.13
90.2%43.5%38.3%38.3%37.3%44.6%60.6%36.8%91.1%80.5%77.1%32.2%24.6%43.6%87.0%52.7%62.3%128.6%243.9%223.0%
17.9%20.8%20.6%23.1%18.4%22.1%25.6%14.7%19.1%18.9%13.7%14.4%17.1%28.1%32.6%25.6%28.6%30.2%27.2%24.4%
62.9883.1074.37over 100over 100---------------
-------------9 days2 days1 day1 day2 days0 days0 days
-------------5 days5 days8 days1 day6 days7 days7 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date1011101412
full-time999109
part-time12143
in full-time equivalents9.29.49.511.19.6
8.99.39.69.59.8
On a permanent contract99998
Joined5341011
Left628812
Training hours1,0471,586302510-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,038€22,009€1,139€10,452-
€9,658€8,996€20,214€20,069€18,571

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on AMARANTE

The operating result for 2025 is 11% higher than in 2024 and the highest since 2012. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 52.3% to 80.2%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2019
UpCircleS NV
Director, permanent representative KAESES Kevin
current term since 22-03-2023 term without a fixed end
also on the board of 13 other companies
listed in the 2025 annual accounts, filed on 25-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 24-03-2023
Permanent representatives 1
KAESES Kevin
Permanent representative, for UpCircleS
appointed by deed of 30-10-2019

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
UpCircleS
Manager
Michaël GEREON
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • UpCircleS
    • Manager, from 30-09-2019 to date
  • Michaël GEREON
    • Manager, until 30-10-2019

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€30,986.69
Source
2025 annual accounts

Articles of association

deed of 24-03-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant,moitié acquéreurs proportionnellement si plusieurs, entre vifs à titre onéreux ou gratuit,volontaires ou forcées…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
20 May at 20:00

Network & group

No group

AMARANTE has no parent and no holdings in its annual accounts. UpCircleS is the only director.

Connections & network

21 connected companies
Depth
+21 companies via a shared corporate director +21via a sharedcorporate directorAMARANTE AMARANTE0470.564.618
Shared directorsBundled connections
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
CC Aywaille
via UpcircleS · Director (not named in the articles) · deed of 01-10-2024
Founded in 2024 · total assets €408,228 (2025) · negative equity
→
CASH CONVERTERS BELGIUM
via UpcircleS · Director · deed of 24-03-2023
Founded in 2008 · 5.1 FTE (2025)
→
FOLLOW-UP
via UpcircleS · Director · deed of 27-03-2023
Founded in 1997 · 20 FTE (2025)
→
CITY CASH ONE
via UpcircleS · Director · deed of 02-10-2026
Founded in 1999 · 12 FTE (2025)
→
Show 17 more companies with a shared director
I Love 2nd Hand
via UpcircleS · Director · deed of 03-04-2023
Founded in 2013 · 14 FTE (2025)
→
FREQUENCE CASH
via UpcircleS · Director · deed of 27-03-2023
Founded in 1990 · 12 FTE (2025)
→
CASH CONVERTERS BRUXELLES
via UpcircleS · Director · deed of 27-03-2023
Founded in 2010 · 11 FTE (2025)
→
CASH CONVERTERS BELGIUM CORPORATE
via UpcircleS · Director · deed of 24-03-2023
Founded in 2007 · 12 FTE (2025)
→
KADEGO
via UpcircleS · Director · deed of 27-03-2023
Founded in 2015 · 11 FTE (2025)
→
CASH SINT-AMANDSBERG
via UpcircleS · Director · deed of 11-06-2026
Founded in 2017 · 5.3 FTE (2025)
→
RIB
via UpcircleS · Director · deed of 06-06-2025
Founded in 2004 · 8.5 FTE (2025)
→
CASH CONVERTERS JETTE
via UpcircleS · Director · deed of 27-03-2023
Founded in 2013 · 6.7 FTE (2025)
→
CAP 43
via UpcircleS · Director · deed of 24-07-2026
Founded in 2004 · 6.9 FTE (2025)
→
CC Saint-Josse
via UpcircleS · Director (not named in the articles) · deed of 18-06-2021
Founded in 2021 · total assets €629,291 (2025)
→
CC Ath
via UpcircleS · Director (not named in the articles) · deed of 14-03-2024
Founded in 2024 · total assets €580,049 (2025)
→
CC Anderlecht
via UpcircleS · Director (not named in the articles) · deed of 19-10-2022
Founded in 2022 · total assets €392,667 (2025)
→
CC Fléron
via UpcircleS · Director (not named in the articles) · deed of 03-05-2022
Founded in 2022 · total assets €353,963 (2025)
→
CASH CONVERTERS JAMBES
via UpcircleS · Director · deed of 27-03-2023
Founded in 2012 · total assets €300,182 (2025)
→
CC Binche
via UpcircleS · Director (not named in the articles) · deed of 24-09-2025
Founded in 2025
→
CC Hannut
via UpcircleS · Director (not named in the articles) · deed of 04-12-2025
Founded in 2025
→
CC Liège centre
via UpcircleS · Director (not named in the articles) · deed of 07-08-2025
Founded in 2025
→

Timeline

Timeline

36 events since 2000

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFfull format · 67 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0470564618
Annual accounts 2024 filed PDFfull format · 59 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 64 days before the deadline
2023
Annual accounts 2022 filed PDFfull format · 70 days before the deadline
Reappointment: UPCIRCLES (director)Permanent representative: KAESES Kevin · General meeting of 17-03-20235 points ▸
  • General meeting, 17-03-2023
  • Director reappointment, UPCIRCLES
  • Permanent representative, KAESES Kevin
  • Registered office clause, Boulevard Cuivre et Zinc 12
  • Power of attorney, Olivier BROUWERS
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFfull format · 73 days before the deadline
2021
Annual accounts 2020 filed PDFfull format · 46 days before the deadline
2020
Annual accounts 2019 filed PDFfull format · 17 days late
Registered office moved within LiègeNew registered office: Boulevard Cuivre et Zinc 12, 4000 Liège · Previous registered office: Place Emile Dupont 5/4000 LIEGE · Permanent representative: Kevin Kaeses · General meeting of 10-12-20193 points ▸
  • General meeting, 10-12-2019
  • Registered-office move, Boulevard Cuivre et Zinc 12, 4000 Liège
  • Permanent representative, Kevin Kaeses

Open the deed in the Belgian Official Gazette

2019
New managerUpCircleS appointed, Michaël GEREON resigned · Permanent representative: Kevin KAESES · Director discharge: Michaël GEREON (manager) · General meeting of 30-09-20195 points ▸
  • General meeting, 30-09-2019
  • Director resignation, Michaël GEREON (manager)
  • Director discharge, Michaël GEREON (manager)
  • Director appointment, UpCircleS (manager)
  • Permanent representative, Kevin KAESES

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFfull format · 14 days late
2018
Weakest financial year net €76,859 ▼36.1% The net result drops to €76,859, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2017 filed PDFfull format · 42 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 8 days late
2016
Annual accounts 2015 filed PDFfull format · 17 days late
2015
Annual accounts 2014 filed PDFfull format · 27 days late
2014
Annual accounts 2013 filed PDFfull format · 26 days late
2013
Equity above €500,000 equity €630,943 ▲32.6% Equity rises from €475,723 to €630,943.
Annual accounts 2012 filed PDFfull format · 29 days late
2012
Annual accounts 2011 filed PDFfull format · 7 days before the deadline
2011
Highest result from 2006 to 2025 net €233,438 ▲61.2% The operating result of €341,741 and the net result of €233,438 are both a record.
Annual accounts 2010 filed PDFfull format · 22 days late
2010
Annual accounts 2009 filed PDFfull format · 12 days late
2009
Equity above €200,000 equity €200,045 ▲112% With a profit in every financial year since 2006, equity grows to €200,045.
Annual accounts 2008 filed PDFfull format · 7 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 23 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 55 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
First establishment CASH CONVERTERS, Boulevard Cuivre et Zinc 12, Liège
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

AMARANTE was incorporated on 3 February 2000.1 The registered office was moved to Liège in 2020.2 Total assets rose from €523,350 in 2018 to €988,017 in 2025 and headcount from 9.7 to 8.9 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-01-2020
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0470.564.618
VAT number
BE 0470.564.618
Peppol ID
0208:0470564618
Other Peppol ID
9925:BE0470564618
LEI code
967600KMKUTS2PEO7422 no longer live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
03-02-2000
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
20 May at 20:00
deed of 24-03-2023 (in French)
Peppol
Reachable since 05-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
AMARANTE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-03-2023 (in French)

Activities

NACEBEL 2025
VAT activities
47792 Retail sale of second-hand clothing main activity
Social security (RSZ) activities
47792 Retail sale of second-hand clothing main activity
Joint committees annual accounts 2022
JC 100 Auxiliary committee for blue-collar workers
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
47792 Retail trade main activity
Social security (RSZ) activities
47792 Retail trade main activity
Codes under NACEBEL 2003
VAT activities
52502 main activity
Social security (RSZ) activities
52502 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Le commerce en gros ou en détail de biens d'occasion tels que livres,disques,instruments de musique,jouets,outillage,bijoux,matériel de…”
3 activities
  1. Le commerce en gros ou en détail de biens d'occasion tels que livres,disques,instruments de musique,jouets,outillage,bijoux,matériel de sport,hi-fi,photographie,de puériculture ou autres.
  2. Toutes opérations commerciales,financières,industrielles,mobilières ou immobilières pouvant se rattacher directement à l'objet social et à tous objets similaires,connexes,supplémentaires ou complémentaires.
  3. De nature à favoriser son expansion.
deed of 24-03-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
CASH CONVERTERS registered office Boulevard Cuivre et Zinc 12, 4030 Liège 29-02-2000 2.094.889.006

Buildings and parcels at the address

Ground area
837 m²
Buildings
780 m²
Volume, LiDAR
4,681 m³
Tallest building
7.5 m
Buildings to scale, each on its own parcel
780 m², 7.5 m 780 m², 7.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
62047C1343/00K003837 m² 1 · 780 m² 7.5 m · 2

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