Class Trading
ActiveSummary
Class Trading has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,254 and a net result of €10,279. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+4
Solvency92▲+21
Growth35=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 1.55 in 2024; short-term debt: 33% and cash: 11.8% of total assets), and 33% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67%
Return on assets
5%
Age of the figures
9 mo
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
13 d early
2023
5 d early
2022
31 d late
2021
2 d early
2020
27 d late
2019
28 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.7m▼ 20.8%
2018 · €2.2m
EBIT margin
0.8%=
2018 · 0.8%
Net result
€10,279▲ 112%
2024 · €4,858
Working capital
€97,050▲ 20.0%
2024 · €80,900
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€16,245▼ 13.2%€6,583▼ 59.5%€8,527▲ 29.5%€7,052▼ 17.3%€15,171▲ 115%
Net result€11,048▼ 27.1%€3,383▼ 69.4%€5,976▲ 76.7%€4,858▼ 18.7%€10,279▲ 112%
EBIT margin
Equity€110,349▲ 11.1%€116,141▲ 5.2%€122,117▲ 5.1%€126,975▲ 4.0%€137,254▲ 8.1%
Total assets€225,373▼ 23.9%€333,091▲ 47.8%€306,601▼ 8.0%€275,355▼ 10.2%€204,908▼ 25.6%
Debt€115,024▼ 41.5%€216,950▲ 88.6%€184,484▼ 15.0%€148,380▼ 19.6%€67,654▼ 54.4%
Working capital€76,780▲ 11.5%€74,825▼ 2.5%€70,172▼ 6.2%€80,900▲ 15.3%€97,050▲ 20.0%
Staff (FTE)6▲ 50.0%11▲ 83.3%7.8▼ 29.1%6.7▼ 14.1%9.6▲ 43.3%
Why a figure moved sharply
- 2022 Staff (FTE) +83% on 2021. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 115% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204,908
Fixed assets
€40,205 ▼ 12.7%
Current assets
€164,703 ▼ 28.2%
Equity and liabilities €204,908
Equity
€137,254 ▲ 8.1%
Debt
€67,654 ▼ 54.4%
Debt's share of the balance-sheet total falls from 53.9% to 33.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,041▲
2024 · €12,922
Cash flow
€16,150▲
2024 · €10,728
Current ratio
2.43▲
2024 · 1.55
Quick ratio
1.28▲
2024 · 0.72
Debt to equity
0.49▼
2024 · 1.17
ROE
7.5%▲
2024 · 3.8%
ROA
5.0%▲
2024 · 1.8%
Interest coverage
198.69▲
2024 · 42.50
Debt ≤ 1 year
€67,654▼
2024 · €148,380
Income taxes
€4,786▲
2024 · €1,890
Staff costs
€121,150▲
2024 · €91,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,479 | €320 | €4,165 | - | - | - |
| Remuneration, social security and pensions62 | €129,216 | €242,961 | €132,917 | €91,533 | €121,150 | ▲ 32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,578 | €1,905 | €4,371 | €5,871 | €5,871 | = |
| Other operating charges640/8 | €27,380 | €10,509 | €5,683 | €1,880 | €5,078 | ▲ 170% |
| Gross operating margin9900 | €174,419 | €261,958 | €151,498 | €106,336 | €147,270 | ▲ 38.5% |
| Operating profit (loss)9901 | €16,245 | €6,583 | €8,527 | €7,052 | €15,171 | ▲ 115% |
| Financial charges65/66B | €759 | €806 | €338 | €304 | €106 | ▼ 65.2% |
| Recurring financial charges65 | €759 | €806 | €338 | €304 | €106 | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €15,486 | €5,776 | €8,189 | €6,748 | €15,065 | ▲ 123% |
| Income taxes67/77 | €4,437 | €2,393 | €2,213 | €1,890 | €4,786 | ▲ 153% |
| Profit (loss) for the period9904 | €11,048 | €3,383 | €5,976 | €4,858 | €10,279 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €11,048 | €3,383 | €5,976 | €4,858 | €10,279 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,373 | €333,091 | €306,601 | €275,355 | €204,908 | ▼ 25.6% |
| Fixed assets21/28 | €33,569 | €41,316 | €51,946 | €46,075 | €40,205 | ▼ 12.7% |
| Tangible fixed assets22/27 | €4,543 | €12,291 | €22,920 | €17,050 | €11,179 | ▼ 34.4% |
| Plant, machinery and equipment23 | €4,543 | €3,603 | €16,163 | €12,223 | €8,283 | ▼ 32.2% |
| Furniture and vehicles24 | - | €8,688 | €6,757 | €4,826 | €2,896 | ▼ 40.0% |
| Financial fixed assets28 | €29,025 | €29,025 | €29,025 | €29,025 | €29,025 | = |
| Current assets29/58 | €191,805 | €291,774 | €254,655 | €229,280 | €164,703 | ▼ 28.2% |
| Stocks and contracts in progress3 | €14,000 | €123,034 | €120,534 | €122,034 | €78,034 | ▼ 36.1% |
| Stocks30/36 | €14,000 | €123,034 | €120,534 | €122,034 | €78,034 | ▼ 36.1% |
| Amounts receivable within one year40/41 | €104,090 | €68,800 | €105,306 | €86,257 | €62,540 | ▼ 27.5% |
| Trade receivables40 | €58,603 | €16,686 | €104,655 | €72,113 | €36,911 | ▼ 48.8% |
| Other amounts receivable41 | €45,486 | €52,114 | €650 | €14,145 | €25,629 | ▲ 81.2% |
| Cash at bank and in hand54/58 | €73,715 | €99,941 | €28,816 | €20,989 | €24,130 | ▲ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,373 | €333,091 | €306,601 | €275,355 | €204,908 | ▼ 25.6% |
| Equity10/15 | €110,349 | €116,141 | €122,117 | €126,975 | €137,254 | ▲ 8.1% |
| Contributions10/11 | €16,191 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €16,191 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €16,191 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,908 | €12,908 | €12,908 | €12,908 | €12,908 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €11,048 | €11,048 | €11,048 | €11,048 | €11,048 | = |
| Profit (loss) carried forward14 | €81,250 | €84,633 | €90,609 | €95,467 | €105,746 | ▲ 10.8% |
| Amounts payable17/49 | €115,024 | €216,950 | €184,484 | €148,380 | €67,654 | ▼ 54.4% |
| Amounts payable within one year42/48 | €115,024 | €216,950 | €184,484 | €148,380 | €67,654 | ▼ 54.4% |
| Trade debts44 | €89,260 | €66,657 | €109,564 | €136,144 | €50,960 | ▼ 62.6% |
| Suppliers440/4 | €89,260 | €66,657 | €109,564 | €136,144 | €50,960 | ▼ 62.6% |
| Advances received on contracts in progress46 | €6,764 | €130,000 | €58,017 | - | - | - |
| Taxes, remuneration and social security45 | €19,000 | €20,292 | €13,123 | €12,235 | €16,694 | ▲ 36.4% |
| Taxes450/3 | €6,952 | €2,393 | €4,606 | €4,300 | €6,789 | ▲ 57.9% |
| Remuneration and social security454/9 | €12,048 | €17,899 | €8,517 | €7,935 | €9,905 | ▲ 24.8% |
| Other amounts payable47/48 | - | - | €3,780 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,048 | €3,383 | €5,976 | €4,858 | €10,279 | ▲ 112% |
| + Depreciation and write-downs630 | €1,578 | €1,905 | €4,371 | €5,871 | €5,871 | = |
| Operating cash flow (approximation) | €12,627 | €5,288 | €10,347 | €10,728 | €16,150 | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | -€9,653 | -€15,000 | €0 | €0 | - |
| Change in cash | - | €26,226 | -€71,125 | -€7,827 | €3,141 | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €3,383 ▼69.4%
Net result drops to €3,383, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €110,349 ▲11.1%
4 profitable years in a row build equity to €110,349.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €15,150 ▲45.1%
Operating result €18,719, net result €15,150, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2013
Ground area
5,540 m²
Building footprint
621 m²
Volume, LiDAR
15,358 m³
2 parcels, Brussels, Flanders · tallest building 27.2 m, ±8 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Class Trading
since 20132.266.694.812
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23035A0013/00W000 | Flanders | 3,499 m² | - | - |
| 21524C0240/00D003 | Brussels | 2,041 m² | 1 · 621 m² | 27.2 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 948 companies in sector 47792 we hold annual accounts for 184. 129 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879775845
Also
9925:BE0879775845
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.