CLASS (0831.288.218): financials and annual accounts

Annual accounts 2025

full format, filed on 30-04-2026, on the day of the deadline

€582,383

▲ 182%

€197,775

▲ 168%

€228,214

▲ 119%

€153,983

▲ 285%

21.5%

▲ 5.6 percentage points

0.60

▲ 0.41

Money flows

of every €100 of turnover, €21.21 remains as profit in 2025

Balance sheet

balance sheet total €1.4m on 30-09-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

21.5%

Higher than 33% of 1,037 companies in 2025.

0.60

Higher than 9% of 1,016 companies in 2025.

9.0%

Higher than 76% of 1,032 companies in 2025.

CLASS Middle half of the sector 80% of the sector Full accounts in construction of buildings (NACE 41)

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

Staff

€33,323

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

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Balance sheet: assets
`20/58`	1.4m	1.1m	956,250	957,241	929,576	1.0m	957,060	994,218	1.0m	1.0m	737,447	443,433	144,465	50,353
`21/28`	968,118	998,557	828,895	859,334	893,424	927,515	890,105	930,617	953,270	991,643	604,887	342,696	8,094	843
`22/27`	968,118	998,557	828,895	859,334	893,424	927,515	890,105	930,617	953,270	991,643	604,887	342,696	8,094	843
`22`	672,584	687,820	503,055	518,291	533,526	548,761	492,497	507,732	522,968	538,203	328,038	337,269	-	-
`23`	-	-	-	-	-	-	-	-	400	1,913	3,426	4,939	4,452	-
`24`	-	-	-	-	3,652	7,303	10,955	21,027	12,842	19,264	9,532	488	3,642	843
`26`	295,534	310,737	325,840	341,044	356,247	371,450	386,654	401,857	417,060	432,264	263,891	-	-	-
`29/58`	411,552	92,495	127,355	97,907	36,151	116,198	66,955	63,602	70,709	50,406	132,559	100,737	136,371	49,510
`3`	-	55,000	55,000	55,000	-	-	-	-	-	-	-	-	-	-
`30/36`	-	55,000	55,000	55,000	-	-	-	-	-	-	-	-	-	-
`40/41`	52,340	32,335	56,036	40,658	29,587	58,901	57,093	58,078	51,587	42,784	118,073	85,278	125,944	24,749
`40`	52,194	31,939	55,024	40,190	26,767	58,570	57,093	57,961	51,558	39,485	111,325	77,481	119,262	24,749
`41`	146	396	1,011	469	2,820	331	-	117	29	3,299	6,748	7,797	6,682	-
`54/58`	359,212	5,160	16,319	2,248	6,565	56,660	9,861	5,524	19,122	7,621	14,486	15,459	10,223	24,761
`490/1`	-	-	-	-	-	636	-	-	-	-	-	-	204	-
Balance sheet: equity and liabilities
`10/49`	1.4m	1.1m	956,250	957,241	929,576	1.0m	957,060	994,218	1.0m	1.0m	737,447	443,433	144,465	50,353
`10/15`	297,234	173,690	164,047	156,581	149,730	137,858	120,381	116,387	103,533	78,253	56,647	42,363	31,080	22,708
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`11`	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-
`1109/19`	-	-	-	-	-	18,600	-	-	-	-	-	-	-	-
`13`	12,860	12,860	12,860	12,860	12,860	12,860	12,860	27,860	27,860	12,860	1,860	1,860	1,860	1,860
`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-
`132`	11,000	11,000	11,000	11,000	11,000	11,000	11,000	26,000	26,000	11,000	-	-	-	-
`14`	265,774	142,230	132,587	125,121	118,270	106,398	88,921	69,927	57,073	46,793	36,187	21,903	10,620	2,248
`17/49`	1.1m	917,362	792,203	800,659	779,846	905,855	836,679	877,832	920,446	963,796	680,800	401,070	113,385	27,644
`17`	399,329	446,248	484,067	529,432	633,631	677,350	656,520	699,667	738,620	741,563	488,237	220,607	-	-
`170/4`	374,529	421,548	463,016	510,582	614,480	660,299	646,970	693,517	732,470	736,812	487,637	220,607	-	-
`178/9`	24,801	24,701	21,051	18,851	19,151	17,051	9,551	6,151	6,151	4,751	600	-	-	-
`42/48`	683,106	471,113	308,136	271,227	146,216	228,505	180,159	178,165	181,826	222,234	192,563	180,463	113,385	27,644
`42`	196,175	194,384	47,566	46,513	45,454	44,420	43,368	38,197	36,940	17,561	12,566	8,183	-	-
`43`	54,048	50,951	170,365	139,294	624	1,164	3,294	1,972	107	1	3,283	1,808	1,177	3,276
`430/8`	54,048	50,951	170,365	139,294	624	1,164	3,294	1,972	107	1	3,283	1,808	1,177	3,276
`44`	314,020	52,295	36,737	29,646	43,596	86,681	65,680	44,973	36,673	96,180	116,474	104,056	106,834	19,109
`440/4`	16,823	10,480	12,829	7,519	19,524	19,513	19,518	17,083	19,914	65,713	94,322	73,386	72,469	19,109
`441`	297,196	41,815	23,908	22,127	24,072	67,169	46,163	27,890	16,759	30,467	22,152	30,669	34,365	-
`45`	86,972	25,716	8,452	3,324	5,251	18,501	10,491	15,082	6,796	8,004	8,957	11,010	5,374	5,260
`450/3`	69,607	3,553	2,809	3,324	5,251	18,501	10,491	15,082	6,796	8,004	8,957	11,010	5,374	1,839
`454/9`	17,365	22,163	5,643	-	-	-	-	-	-	-	-	-	-	3,421
`47/48`	31,891	147,768	45,016	52,451	51,290	77,738	57,325	77,941	101,310	100,488	51,283	55,406	-	-
Income statement
`70`	582,383	206,438	115,725	172,080	117,119	190,201	110,925	137,612	160,575	201,509	215,769	426,819	319,623	133,704
`9900`	268,542	174,271	99,545	95,558	71,355	128,211	77,066	94,161	111,058	127,081	75,841	87,938	19,665	8,083
`60/61`	313,841	32,167	16,180	76,522	45,764	61,990	33,859	43,451	49,517	74,428	139,928	338,880	299,959	125,621
`62`	33,323	28,065	6,558	-	-	-	-	-	-	-	-	-	-	-
`630`	30,439	30,339	30,439	34,090	34,090	34,090	40,512	40,912	38,373	38,512	24,879	14,314	5,194	316
`640/8`	7,006	41,982	5,127	11,474	1,644	44,920	1,113	108	7,725	43,628	5,415	44,324	461	526
`9901`	197,775	73,885	57,422	49,993	35,621	49,201	35,441	53,141	64,959	44,941	45,547	29,301	14,010	7,242
`75/76B`	-	1	-	11	-	-	-	-	0	9,023	29	10,641	-	0
`75`	-	1	-	11	-	-	-	-	0	9,023	29	10,641	-	0
`65/66B`	27,875	60,691	47,146	39,386	18,971	23,086	20,989	27,002	27,793	24,202	22,510	12,671	616	1,696
`65`	27,875	60,691	47,146	39,386	18,971	23,086	20,989	27,002	27,793	24,202	22,510	12,671	616	1,696
`9903`	169,901	13,195	10,276	10,619	16,650	26,115	14,452	26,139	37,166	29,761	23,066	27,271	13,393	5,546
`67/77`	46,356	3,553	2,809	3,767	4,778	8,638	10,458	8,285	6,886	8,156	8,782	5,988	5,022	1,438
`9904`	123,545	9,642	7,466	6,852	11,872	17,477	3,994	17,854	30,280	10,606	14,284	21,283	8,371	4,108
`789`	-	-	-	-	-	-	15,000	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	15,000	-	-	-	-	-
`9905`	123,545	9,642	7,466	6,852	11,872	17,477	18,994	17,854	15,280	10,606	14,284	21,283	8,371	4,108
Appropriation of the result
`9906`	265,774	142,230	132,587	125,121	118,270	106,398	88,921	74,927	62,073	46,793	36,187	31,903	10,620	4,108
`14P`	142,230	132,587	125,121	118,270	106,398	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`694/7`	-	-	-	-	-	-	-	5,000	5,000	-	-	10,000	-	-
`695`	-	-	-	-	-	-	-	5,000	5,000	-	-	10,000	-	-
Social balance sheet
`9087`	1	1	0.5	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	1,752	1,832	475	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 7 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 30-04-2026.

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
30-09-2025	full format	30-04-2026	2026-00105557	PDF
30-09-2024	full format	29-04-2025	2025-00090510	PDF
30-09-2023	micro format	30-04-2024	2024-00079561	PDF
30-09-2022	micro format	15-05-2023	2023-00088381	PDF
30-09-2021	micro format	02-05-2022	2022-20018890	PDF
30-09-2020	micro format	29-04-2021	2021-11900511	PDF
30-09-2019	micro format	30-04-2020	2020-10700329	PDF
30-09-2018	micro format	30-04-2019	2019-11500483	PDF
30-09-2017	micro format	02-05-2018	2018-12000196	PDF
30-09-2016	full format	02-05-2017	2017-11100036	PDF
30-09-2015	full format	31-03-2016	2016-08900513	PDF
30-09-2014	full format	31-03-2015	2015-08700101	PDF
30-09-2013	full format	08-04-2014	2014-08900213	PDF
30-09-2012	full format	21-03-2013	2013-07000513	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
228,214	104,224	87,860	84,084	69,711	83,291	75,953	94,053	103,332	83,453	70,426	43,615	19,204	7,558
153,983	39,981	37,905	40,942	45,962	51,567	44,506	58,765	68,653	49,117	39,164	35,597	13,566	4,425
0	200,000	0	0	0	71,500	0	18,258	0	434,661	287,070	348,916	12,445	1,159
354,052	-11,159	14,071	-4,316	-50,096	46,799	4,338	-13,598	11,500	-6,865	-973	5,236	-14,537	-
-271,554	-378,619	-180,781	-173,320	-110,064	-112,307	-113,204	-114,563	-111,117	-171,828	-60,003	-79,727	22,986	21,866
34.0%	35.8%	49.6%	29.1%	30.4%	25.9%	32.0%	38.6%	40.5%	22.3%	21.1%	6.9%	4.4%	5.4%
21.5%	15.9%	17.2%	16.4%	16.1%	13.2%	12.6%	11.7%	10.1%	7.5%	7.7%	9.6%	21.5%	45.1%
0.60	0.20	0.41	0.36	0.25	0.51	0.37	0.36	0.39	0.23	0.69	0.56	1.20	1.79
0.60	0.08	0.23	0.16	0.25	0.51	0.37	0.36	0.39	0.23	0.69	0.56	1.20	1.79
3.64	5.28	4.83	5.11	5.21	6.57	6.95	7.54	8.89	12.32	12.02	9.47	3.65	1.22
41.6%	5.6%	4.6%	4.4%	7.9%	12.7%	3.3%	15.3%	29.2%	13.6%	25.2%	50.2%	26.9%	18.1%
9.0%	0.9%	0.8%	0.7%	1.3%	1.7%	0.4%	1.8%	3.0%	1.0%	1.9%	4.8%	5.8%	8.2%
8.19	1.72	1.86	2.13	3.67	-	-	-	-	-	-	-	-	-
33 days	56 days	174 days	85 days	83 days	112 days	188 days	154 days	117 days	72 days	188 days	66 days	136 days	68 days
365 days	593 days	829 days	141 days	348 days	510 days	708 days	378 days	270 days	472 days	304 days	112 days	130 days	56 days

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

Item	30-09-2025	30-09-2024	30-09-2023
Employees at the balance-sheet date	1	1	1
full-time	1	1	1
in full-time equivalents	1	1	1
	1	1	0.5
On a permanent contract	1	1	1
Joined	-	-	1
Left	-	-	0

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	-	€200,000	-	-	-
	€30,439	€30,339	€30,439	€34,090	€34,090

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

Insights on CLASS

The operating result for 2025 is 168% higher than in 2024 and the highest since 2012. It is the fourth rise in a row, after the fall in 2021.

Debt's share of the balance-sheet total falls from 84.1% to 78.5%. Equity and debt are higher.

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency21.5%

Current ratio0.60

Return on assets9.0%

Staff

Staff cost per FTE€33,323

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CLASS

Next steps

in euro

in euro

21.5%

0.60

9.0%

€33,323