Equity
€53.1m from €226.9m in 2017
Equity fell by 77% in 9 years.
CLAES RETAIL GROUP
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €188.6m (2026)
€188.6m
lowest -€127.0m (2019)
-€9.6m▼ €9.6m
peak €226.9m (2017)
€41.5m▼ 22.1%
€68.6m▲ 137%
peak 60.4 FTE (2023)
-not published
Board24 names since 2010all names
7 directorsAnn Claes and 6 others
Owners3 names in the annual accounts
99.98%GEQ and 2 others
Documentsfilings and deeds
29-09-202629 days late
2026financial year
Loss of €9.6mResignation: TECHSTYLE CONSULTING COMM V (director) 11-05Equity from €53.3m to €41.5mDebts from €29.0m to €68.6mCash from €107,247 to €4.0m
Key points
from the 2026 annual accountsLosses
-€153,745 in three years
Every financial year from 2024 to 2026 closed with a loss. 2026 was the heaviest.
Debts
€68.6m 79% of the balance sheet
Financial debts 1%Suppliers 1%Taxes and wages 1%Other 97%
Of this, €32.8m falls due within a year.
Payment terms
50 days to suppliers
CLAES RETAIL GROUP pays its suppliers 34 days earlier than in 2025.
Filings
28 annual accounts 43 filings since 1998
Four of the last ten came late. The 2026 accounts came latest: 29 days after the end of the period.
Position in the sector
-€107,457
Lower net result than 95% of companies in head offices and management consultancy. Sector median €135,346 · 179 companies.
Standalone figures, without subsidiaries
Group, consolidated 31-01-2025: turnover €195.0m, result €1.0m
Checked score
87
Excellent
Financially stronger than 31% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.2%▼ -0.2 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.4%▲ +0.2 percentage points vs 08-2026
10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.21, cash €42,562, halved
Loss of €107,457, the second in a row (financial year 2026)
lowers risk
Size: 56 FTE, total assets €86.4m, files consolidated accounts
Founded in 1998
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 70, medium-sized). It does better than 52% of them on solvency, 17% on liquidity, 28% on profitability and 29% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-01-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Credit verdict
Credit of up to €4,600,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.21 (0.31 in 2025), below 1. Short-term debt is 37.9% and cash 0% of total assets. 38.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2026 accounts filed 29 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 29-09-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2026
29 days late
2025
67 days early
2024
51 days early
2023
26 days late
2022
61 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 25 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 76 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-01-2027 year end31-08-2027 deadline
Board and ownership
and 1 other
- GEQ 99.98%annual accounts 31-01-2026
- Ann CLAES 0.01%annual accounts 31-01-2026
- Bart CLAES 0.01%annual accounts 31-01-2026
Shares in 5 companies, including Circular Textiles and CKS Fashion
Board & ownershipRecent changes
Resignation: TECHSTYLE CONSULTING COMM V (director)
General meeting of 26-03-2026 · Gazette deed
1 director appointed, 1 resignation, 6 reappointments
Resignation: EXECUTIVE BV · Appointment: KRUG BV · Permanent representative: Daniel Krug · General meeting of 27-06-2025 · Gazette deed
Permanent representatives: Olaf Janssen and Stefan Olivier
Gazette deed
6 directors reappointed
Claes Bart, Claes Ann E., EXECUTIVE NV, AD REM MANAGEMENT BV, Patrick Hermans and JELIUS BV · Permanent representatives: Goeminne Dirk, Grypdonck Peter, Pattyn Lieve and Stefan Olivier · General meeting of 17-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CLAES RETAIL GROUP Houthalen-Helchteren | - | - | 61.5% | 56 |
| MEDIATIC + Bilzen-Hoeselt | €0.5m | 23.4% | 39.9% | 78.1 |
| GABY - CONSULTING Aalst | €7.9m | 32.4% | 99.0% | 34.8 |
| GROUPE AUTOSECURITE Verviers | €7.5m | -8.7% | 19.4% | 53.2 |
| PROVA Namur | €12.5m | 23.7% | 79.3% | 48.1 |
| PFS GROUP Antwerp | €7.4m | 3.8% | 71.9% | 51 |
| BRABHOLD Mons | €6.6m | - | 76.3% | 31.5 |
These companies have the same main activity as CLAES RETAIL GROUP: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €62m and €104m, founded between 1988 and 2007.
Official details
Source: KBO- Status
- Active since 13-01-1998Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 31-01-2026
- Establishment units
- 2.085.660.5443530 Houthalen-Helchteren, since 19-10-2000
- 2.315.952.5011800 Vilvoorde, since 02-04-2021
- Financial year end
- 31 January
- Peppol
- Reachable
Annual accounts to 31-01-2026
- €86.4m▲ 5.0%
- Employeeson 31-01-2026
- 59=
- Filing
- Filed on 29-09-2026
Companies linked to CLAES RETAIL GROUP
Subsidiaries and holdings
- Mayerline99.99%
- JBC99.96%
- FILOU COMPANY50%
Insights on CLAES RETAIL GROUP
CLAES RETAIL GROUP has existed since 1998. In 2015 turnover rose from €793,854 to €4.2m and staff from 1.8 to 24 full-time equivalents. The previous financial year ran 13 months, this one 12.
Solvency fell in 2026 from 64.7% to 37.6% because of the loss and higher debts to suppliers.
GEQ holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CLAES RETAIL GROUP
- What is the company number of CLAES RETAIL GROUP?
- The company number of CLAES RETAIL GROUP is 0462.417.806. The VAT number is the same number with BE in front: BE 0462.417.806.
- Where is CLAES RETAIL GROUP based?
- The registered office is at Centrum-Zuid 3401, 3530 Houthalen-Helchteren.Company details
- What does CLAES RETAIL GROUP do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CLAES RETAIL GROUP?
- CLAES RETAIL GROUP is a public limited company (NV).
- When was CLAES RETAIL GROUP founded?
- CLAES RETAIL GROUP was founded on 13-01-1998.
- Is CLAES RETAIL GROUP still active?
- Yes, CLAES RETAIL GROUP is an active enterprise in the KBO register.
- How many employees does CLAES RETAIL GROUP have?
- CLAES RETAIL GROUP had an average of 56 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does CLAES RETAIL GROUP fall under?
- In its 31-01-2026 annual accounts, CLAES RETAIL GROUP states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CLAES RETAIL GROUP?
- The annual accounts for financial year 2026 state no turnover. In financial year 2024 turnover was €2.0m.
- Is CLAES RETAIL GROUP profitable?
- In financial year 2026, CLAES RETAIL GROUP made a loss of €107,457.
- Where can I find the annual accounts of CLAES RETAIL GROUP?
- CLAES RETAIL GROUP filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of CLAES RETAIL GROUP due?
- CLAES RETAIL GROUP must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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