CLASSANIC
ActiveCLASSANIC has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.75M and a net result of €254k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+17
Solvency57=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.27 in 2023; short-term debt: 30.1% and cash: 1.3% of total assets), and 68% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32%
Return on assets
4.7%
Age of the figures
22 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 26-06-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
1 d early
2022
on the day
2021
11 d late
2020
on the day
2019
14 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.75M▲ 9.7%
2023 · €1.60M
2018: €620k
2019: €915k
2020: €1.59M
2021: €1.60M
2022: €1.58M
2023: €1.60M
2018 → 2024
Total assets
€5.46M▲ 9.4%
2023 · €5.00M
2018: €2.50M
2019: €3.90M
2020: €4.30M
2021: €5.17M
2022: €4.92M
2023: €5.00M
2018 → 2024
Net result
€254k▲ 145%
2023 · €104k
2018: €60k
2019: €300k
2020: €994k
2021: €4k
2022: €-16k
2023: €104k
2018 → 2024
Working capital
€-1.17M▼ 21.4%
2023 · €-962k
2018: €-733k
2019: €-988k
2020: €-55k
2021: €-682k
2022: €-896k
2023: €-962k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.59M-€1.60M▲ 0.2%€1.58M▼ 1.0%€1.60M▲ 0.9%€1.75M▲ 9.7%
Operating result€1.07M-€57k▼ 94.7%€33k▼ 42.1%€193k▲ 488%€419k▲ 117%
Net result€994k-€4k▼ 99.6%€-16k€104k€254k▲ 145%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 117% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.46M
Fixed assets
€4.99M▲ 7.6%
Current assets
€477k▲ 32.9%
Equity and liabilities €5.46M
Equity
€1.75M▲ 9.7%
Provisions
€364k▼ 5.0%
Debt
€3.35M▲ 11.0%
The debt ratio rises from 60.4% to 61.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€617k▲
2023 · €368k
Cash flow
€452k▲
2023 · €279k
Solvency
32.0%▲
2023 · 31.9%
Current ratio
0.29▲
2023 · 0.27
Quick ratio
0.29▲
2023 · 0.27
Debt / equity
1.91▲
2023 · 1.89
ROE
14.5%▲
2023 · 6.5%
ROA
4.7%▲
2023 · 2.1%
Interest coverage
7.42▲
2023 · 4.41
Debt
€3.35M▲
2023 · €3.02M
Debt ≤ 1 year
€1.64M▲
2023 · €1.32M
Debt > 1 year
€1.67M▲
2023 · €1.64M
Income taxes
€101k▲
2023 · €25k
Staff costs
€112k▼
2023 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.00M€5.46M▲
Fixed assets21/28€4.64M€4.99M▲
Tangible fixed assets22/27€4.64M€4.99M▲
Land and buildings22€3.75M€4.10M▲
Plant, machinery and equipment23€677€9k▲
Furniture and vehicles24€7k€1k▼
Other tangible fixed assets26€881k€881k=
Financial fixed assets28€184€184=
Current assets29/58€359k€477k▲
Amounts receivable within one year40/41€286k€353k▲
Trade receivables40€286k€353k▲
Cash at bank and in hand54/58€24k€71k▲
Deferred charges and accrued income490/1€49k€53k▲
Equity and liabilities
Total equity and liabilities10/49€5.00M€5.46M▲
Equity10/15€1.60M€1.75M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€1.44M€1.60M▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€913k€867k▼
Distributable reserves133€515k€715k▲
Profit (loss) carried forward14€3k€3k=
Provisions and deferred taxes16€383k€364k▼
Deferred taxes168€383k€364k▼
Amounts payable17/49€3.02M€3.35M▲
Amounts payable after more than one year17€1.64M€1.67M▲
Financial debts170/4€1.64M€1.67M▲
Amounts payable within one year42/48€1.32M€1.64M▲
Current portion of amounts payable after more than one year42€211k€220k▲
Trade debts44€158k€311k▲
Suppliers440/4€158k€311k▲
Taxes, remuneration and social security45€80k€205k▲
Taxes450/3€64k€196k▲
Remuneration and social security454/9€16k€9k▼
Other amounts payable47/48€872k€909k▲
Accrued charges and deferred income492/3€59k€36k▼
Income statement
Code20232024
Non-recurring operating income76A-€14k
Remuneration, social security and pensions62€136k€112k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€175k€198k▲
Other operating charges640/8€47k€46k▼
Gross operating margin9900€551k€775k▲
Operating profit (loss)9901€193k€419k▲
Financial income75/76B-€78
Recurring financial income75-€78
Financial charges65/66B€83k€83k▼
Recurring financial charges65€83k€83k▼
Profit (loss) for the period before taxes9903€109k€336k▲
Transfer from deferred taxes780€19k€19k=
Income taxes67/77€25k€101k▲
Profit (loss) for the period9904€104k€254k▲
Transfer from tax-exempt reserves789€46k€46k=
Profit (loss) for the period to be appropriated9905€150k€300k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€303k▲
Profit (loss) brought forward from the previous period14P€3k€3k▲
Transfer to equity691/2€60k€200k▲
To other reserves6921€60k€200k▲
Profit to be distributed694/7€90k€100k▲
Directors or managers695€90k€100k▲
Social balance
Average headcount (FTE)90872.92.5▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-11
Financial
Back to profitnet €104k
Net result €104k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Weakest financial yearnet €-16k ▼517%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
Financial
Highest result since 2018net €994k ▲231%
Operating result €1.07M, net result €994k, both a record.
30-11
Financial
Equity above €1MEq €1.59M ▲74.3%
3 profitable years in a row build equity to €1.59M.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 11 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 4 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-12-2025
CLAERHOUT DIRK: Resigned as Director
04-12-2025
CLAERHOUT FRANKY: Resigned as Director
04-12-2025
CLAERHOUT GINO: Resigned as Director
04-12-2025
CLAERHOUT Nico: Resigned as Director
28-12-2023
CLAERHOUT DIRK: Resigned as Director
28-12-2023
CLAERHOUT FRANKY: Resigned as Director
28-12-2023
CLAERHOUT GINO: Resigned as Director
28-12-2023
CLAERHOUT Nico: Resigned as Director
04-02-2016
CLAERHOUT DIRK: Resigned as Director
04-02-2016
CLAERHOUT FRANKY: Resigned as Director
04-02-2016
CLAERHOUT GINO: Resigned as Director
04-02-2016
CLAERHOUT Nico: Resigned as Director
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwlandstraat 19870 ZulteGround area
1,468 m²
Building footprint
553 m²
Volume, LiDAR
3,400 m³
Parcel 44050B1133/00Z000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CLASSANIC NV
since 19942.067.920.531
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B1133/00Z000 | Flanders | 1,468 m² | 1 · 553 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0426.816.133
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AUX MEUBLES DE MALINES
BE 0415.892.052
Herstal · Eq €1.86M
TANGHE DESIGN
BE 0455.651.164
Kuurne · Eq €1.61M
TACK INTERIORS
BE 0673.975.794
Oostrozebeke · Eq €1.53M
AUGUSTYNS INTERIEUR
BE 0440.381.087
Wuustwezel · Eq €2.03M
Of 620 companies in sector 31002 we hold annual accounts for 350. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-04-1994
Fiscal year end30-11
Activities, NACEBEL
31002Manufacture of furniture
36130
46494Wholesale of non-electrical household articles
47530Retail trade
51471
52486
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.