CLASSANIC

Active Public limited companyfounded 1994active for 32 yearsNieuwlandstraat 1, 9870 ZulteKBO/BCE: BE 0452.579.531 #7 company by total assets in Zulte, Manufacturing sector

CLASSANIC

Financial year 2026

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Annual accounts 2026

full format, filed on 15-10-2026, 16 days before the deadline

Gross margin

€674,808

Operating result

€128,615

Profit

€41,142

Working capital

-€2.5m

Solvency

27.4%

Current ratio

0.07

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.6m. Estimated: probably between €960,000 and €2.7m.

In the rankings #7 company by total assets in Zulte, Manufacturing sector #10 company by equity in Zulte, Manufacturing sector

Balance sheet

balance sheet total €6.2m on 31-03-2026

What the company ownsHow it is paid for

Change in equity

Change in cash

Position in the sector

Compare with sector

Solvency27.4%

Higher than 39% of 120 companies in 2024.

Current ratio0.07

Lower than 95% of 117 companies in 2024.

Return on assets0.7%

Higher than 71% of 120 companies in 2024.

CLASSANIC Middle half of the sector 80% of the sector Full accounts in furniture (NACE 31)

Staff

Staff cost per FTE€63,180

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

Joined and left

Filed annual accounts

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

Line	2026	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	6.2m	5.5m	5.0m	4.9m	5.2m	4.3m	3.9m	2.5m	2.6m	2.8m	2.6m	2.5m	2.6m	2.0m	1.9m	1.9m	1.5m	1.4m	1.4m
Fixed assets`21/28`	6.0m	5.0m	4.6m	4.7m	4.7m	3.6m	3.5m	2.3m	2.3m	2.4m	2.4m	2.2m	1.9m	1.8m	1.7m	1.7m	1.3m	1.2m	1.2m
Tangible fixed assets`22/27`	6.0m	5.0m	4.6m	4.7m	4.7m	3.6m	3.5m	2.3m	2.3m	2.4m	2.4m	2.2m	1.9m	1.8m	1.6m	1.6m	1.3m	1.2m	1.2m
Land and buildings`22`	5.1m	4.1m	3.7m	3.8m	3.8m	2.7m	2.6m	2.3m	2.2m	2.3m	2.3m	2.0m	1.7m	1.7m	1.6m	1.6m	1.3m	1.2m	1.2m
Plant, machinery and equipment`23`	12,196	9,166	677	997	2,852	3,071	4,606	6,152	983	6,659	59,037	107,128	157,964	11,514	14,464	21,153	29,041	39,379	35,750
Furniture and vehicles`24`	-	1,428	6,860	12,293	17,991	23,757	998	403	3,839	8,107	10,991	-	-	-	-	-	-	-	-
Leasing and similar rights`25`	27,347	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	880,822	880,822	880,822	880,822	880,822	880,822	861,868	61,868	61,868	61,868	61,868	61,868	61,868	40,000	-	-	-	-	-
Financial fixed assets`28`	180	184	184	184	184	184	184	184	184	184	180	-	-	-	25,000	25,000	25,000	-	-
Current assets`29/58`	173,194	476,859	358,767	184,839	461,275	666,194	390,564	170,586	311,679	330,225	191,301	301,004	666,036	208,820	217,524	278,021	161,249	176,480	169,579
Amounts receivable within one year`40/41`	106,910	353,070	285,789	57,497	270,909	371,470	244,954	120,406	173,205	195,150	139,853	267,696	267,111	135,256	60,497	186,320	65,541	48,187	102,268
Trade receivables`40`	9,535	353,070	285,789	55,569	269,250	371,470	241,322	119,981	173,205	193,800	139,853	267,696	267,111	105,582	53,768	159,534	21,475	13,223	40,559
Other amounts receivable`41`	97,375	-	-	1,928	1,660	-	3,632	425	-	1,350	-	-	-	29,674	6,729	26,786	44,066	34,964	61,709
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	-	-	-	25,359	-
Cash at bank and in hand`54/58`	16,860	71,151	23,926	75,064	134,159	252,957	102,799	50,181	138,474	102,076	51,448	33,308	398,924	48,564	155,228	89,901	95,708	102,564	67,311
Deferred charges and accrued income`490/1`	49,424	52,638	49,052	52,278	56,206	41,767	42,810	-	-	33,000	-	-	-	-	1,800	1,800	-	369	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	6.2m	5.5m	5.0m	4.9m	5.2m	4.3m	3.9m	2.5m	2.6m	2.8m	2.6m	2.5m	2.6m	2.0m	1.9m	1.9m	1.5m	1.4m	1.4m
Equity`10/15`	1.7m	1.7m	1.6m	1.6m	1.6m	1.6m	914,692	619,661	579,534	562,210	531,124	530,642	319,037	296,137	297,756	286,733	95,879	71,214	38,573
Contributions`10/11`	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000
Capital`10`	150,000	150,000	150,000	150,000	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000
Reserves`13`	1.5m	1.6m	1.4m	1.4m	1.4m	1.4m	760,096	467,624	427,551	407,813	376,285	364,682	129,035	122,994	128,191	133,387	15,000	15,000	15,000
Non-distributable reserves`130/1`	15,000	15,000	15,000	15,000	15,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000
Tax-exempt reserves`132`	805,878	866,910	912,684	958,457	1.0m	1.1m	435,096	237,624	252,551	267,813	286,285	299,682	114,035	107,994	113,191	118,387	-	-	-
Distributable reserves`133`	716,890	714,716	514,700	455,100	425,500	360,000	310,000	215,000	160,000	125,000	75,000	50,000	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	3,190	3,190	3,190	3,145	3,118	2,971	4,596	2,037	1,983	4,397	4,839	15,960	40,002	23,142	19,565	3,345	-69,121	-93,786	-126,427
Provisions and deferred taxes`16`	338,510	364,146	383,374	402,601	421,829	441,056	176,042	113,958	121,644	129,504	139,015	314,062	122,968	128,096	118,284	90,960	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	-	167,988	72,488	72,488	60,000	30,000	-	-	-
Deferred taxes`168`	338,510	364,146	383,374	402,601	421,829	441,056	176,042	113,958	121,644	129,504	139,015	146,074	50,480	55,608	58,284	60,960	-	-	-
Amounts payable`17/49`	4.1m	3.4m	3.0m	2.9m	3.1m	2.3m	2.8m	1.8m	1.9m	2.1m	1.9m	1.6m	2.1m	1.6m	1.5m	1.6m	1.4m	1.3m	1.4m
Amounts payable after more than one year`17`	1.4m	1.7m	1.6m	1.8m	2.0m	1.5m	1.4m	853,001	1.0m	1.2m	1.1m	986,540	1.1m	1.1m	1.2m	1.3m	1.2m	1.1m	1.2m
Financial debts`170/4`	1.4m	1.7m	1.6m	1.8m	2.0m	1.1m	1.0m	853,001	1.0m	1.2m	1.1m	986,540	1.1m	1.1m	1.2m	1.3m	1.2m	1.1m	1.2m
Other amounts payable`178/9`	-	-	-	-	-	438,262	397,521	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	2.7m	1.6m	1.3m	1.1m	1.1m	721,105	1.4m	904,036	810,359	832,436	823,855	651,038	1.0m	449,554	251,804	259,114	182,228	165,678	159,073
Current portion of amounts payable after more than one year`42`	236,388	219,641	210,990	244,524	267,777	172,832	164,318	166,406	207,239	207,239	173,572	144,572	136,405	95,572	95,572	95,572	83,905	66,500	66,500
Financial debts`43`	-	-	-	-	-	-	809,000	-	-	-	-	-	1,438	-	-	6,002	1,092	-	-
Credit institutions`430/8`	-	-	-	-	-	-	809,000	-	-	-	-	-	1,438	-	-	6,002	1,092	-	-
Trade debts`44`	1.4m	311,298	157,801	246,584	240,147	397,015	238,902	436,733	82,924	216,473	228,030	89,229	563,933	59,459	56,255	70,329	23	4,920	1,473
Suppliers`440/4`	1.4m	311,298	157,801	246,584	240,147	397,015	238,902	436,733	82,924	216,473	228,030	89,229	563,933	59,459	56,255	70,329	23	4,920	1,473
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	25,000	25,000	25,000
Taxes, remuneration and social security`45`	40,340	205,143	80,187	25,628	83,035	98,984	143,020	95,564	88,042	33,570	75,624	126,122	67,258	7,961	34,310	7,140	654	460	-
Taxes`450/3`	13,752	196,350	64,254	11,444	72,339	81,011	132,662	85,270	79,172	25,675	71,114	126,122	67,258	7,961	19,435	-	654	460	-
Remuneration and social security`454/9`	26,587	8,793	15,933	14,184	10,696	17,973	10,357	10,293	8,869	7,895	4,510	-	-	-	14,875	7,140	-	-	-
Other amounts payable`47/48`	1.0m	908,584	872,085	563,909	552,412	52,274	22,924	205,333	432,154	375,154	346,628	291,114	235,453	286,561	65,668	55,071	71,554	68,798	66,100
Accrued charges and deferred income`492/3`	33,232	35,657	59,025	51,386	18,584	18,671	15,100	8,071	7,843	-	5,790	5,545	4,330	649	3,465	3,643	4,137	3,242	7,640
Income statement
Non-recurring operating income`76A`	-	13,527	-	-	-	925,115	288,746	-	-	-	-	299,937	6,629	-	-	190,296	-	11,716	-
Gross operating margin`9900`	674,808	774,552	550,873	418,788	553,973	1.4m	872,799	603,961	552,430	632,949	148,437	550,665	677,153	249,894	334,809	321,120	182,087	137,669	118,874
Remuneration, social security and pensions`62`	145,314	111,932	135,837	138,434	119,661	122,166	82,435	80,723	67,815	74,887	40,414	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	354,693	198,072	175,281	195,598	322,461	169,132	222,937	263,035	174,955	358,822	159,987	152,341	269,389	152,371	69,215	139,988	80,248	56,874	84,176
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	703	-	-	-	-	-	3,347	-	3,567	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-167,988	95,500	-	12,488	30,000	30,000	-	-	-
Other operating charges`640/8`	46,187	45,995	47,019	51,993	55,282	68,902	82,187	92,045	45,576	34,406	21,351	32,633	80,881	24,497	40,750	10,972	12,778	13,588	9,165
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,555	-	2,568	-	-
Operating profit (loss)`9901`	128,615	418,553	192,737	32,763	56,568	1.1m	485,241	168,158	263,381	164,834	94,673	270,192	326,883	60,538	191,498	140,159	85,494	67,207	25,533
Financial income`75/76B`	34	78	-	-	-	465	1,315	5,846	121	188	2,436	2,585	4,166	2,036	1,486	1,550	1,738	4,348	1,281
Recurring financial income`75`	34	78	-	-	-	465	1,315	5,846	121	188	2,436	2,585	4,166	2,036	1,486	1,550	1,738	4,348	1,281
Financial charges`65/66B`	110,876	83,053	83,442	65,065	63,582	60,202	67,762	60,491	62,068	66,714	74,924	73,761	145,025	65,981	80,966	73,464	59,999	50,630	38,897
Recurring financial charges`65`	110,876	83,053	83,442	65,065	63,582	60,202	67,762	60,491	62,068	66,714	74,924	73,761	145,025	65,981	80,966	73,464	59,999	50,630	38,897
Profit (loss) for the period before taxes`9903`	17,773	335,578	109,295	-32,303	-7,014	1.0m	418,794	113,513	201,434	98,307	22,185	498,952	192,654	-3,407	13,463	258,541	24,665	32,641	-12,082
Transfer from deferred taxes`780`	25,637	19,227	19,227	19,227	19,227	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	2,267	100,563	24,651	3,072	8,340	15,245	41,680	61,072	11,969	16,733	8,762	11,753	22,882	888	5,115	6,727	-	-	-
Profit (loss) for the period`9904`	41,142	254,242	103,872	-16,147	3,873	994,298	300,338	60,127	197,324	91,086	20,482	391,605	174,900	-1,619	11,023	190,854	24,665	32,641	-12,082
Transfer from tax-exempt reserves`789`	61,032	45,774	45,774	45,774	61,774	29,191	20,556	14,927	15,263	18,471	13,397	12,341	9,960	5,196	5,196	4,962	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	925,115	203,335	-	-	-	-	197,988	16,000	-	-	123,350	-	-	-
Profit (loss) for the period to be appropriated`9905`	102,174	300,016	149,646	29,627	65,647	98,374	117,560	75,054	212,587	109,558	33,879	205,958	168,860	3,577	16,220	72,467	24,665	32,641	-12,082
Appropriation of the result
Profit (loss) to be appropriated`9906`	105,364	303,207	152,790	32,745	68,618	102,971	119,596	77,037	216,983	114,397	49,839	245,960	192,002	23,142	19,565	3,345	-69,121	-93,786	-126,427
Profit (loss) brought forward from the previous period`14P`	3,190	3,190	3,145	3,118	2,971	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	2,174	200,016	59,600	29,600	65,500	50,000	95,000	55,000	35,000	50,000	25,000	50,000	-	-	-	-	-	-	-
To other reserves`6921`	2,174	200,016	59,600	29,600	65,500	50,000	95,000	55,000	35,000	50,000	25,000	50,000	-	-	-	-	-	-	-
Profit to be distributed`694/7`	100,000	100,000	90,000	-	-	50,000	20,000	20,000	180,000	60,000	20,000	180,000	152,000	-	-	-	-	-	-
Directors or managers`695`	100,000	100,000	90,000	-	-	50,000	20,000	20,000	180,000	60,000	20,000	180,000	152,000	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	2.3	2.5	2.9	2.9	2.9	2.8	1.9	1.9	1.6	1.5	1	-	-	-	-	-	-	-	-
Hours worked`1013`	2,951	3,139	3,798	3,922	4,168	4,470	2,840	2,818	2,386	2,584	1,724	-	-	-	-	-	-	-	-
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The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 15-10-2026.

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
31-03-2026	full format	15-10-2026	2026-00561393	PDF
30-11-2024	abbreviated format	26-06-2025	2025-00191111	PDF
30-11-2023	abbreviated format	29-06-2024	2024-00200420	PDF
30-11-2022	abbreviated format	30-06-2023	2023-00209099	PDF
30-11-2021	abbreviated format	11-07-2022	2022-20189606	PDF
30-11-2020	abbreviated format	30-06-2021	2021-27700261	PDF
30-11-2019	abbreviated format	14-07-2020	2020-30400099	PDF
30-11-2018	abbreviated format	11-07-2019	2019-31800374	PDF
30-11-2017	abbreviated format	04-07-2018	2018-28300001	PDF
30-11-2016	abbreviated format	23-06-2017	2017-21400147	PDF
30-11-2015	abbreviated format	29-06-2016	2016-24600113	PDF
30-11-2014	abbreviated format	01-06-2015	2015-14800533	PDF
30-11-2013	abbreviated format	12-06-2014	2014-17400414	PDF
31-12-2011	abbreviated format	27-06-2012	2012-24800521	PDF
31-12-2010	abbreviated format	23-06-2011	2011-20200325	PDF
31-12-2009	abbreviated format	17-06-2010	2010-18800501	PDF
31-12-2008	abbreviated format	18-06-2009	2009-25700111	PDF
31-12-2007	abbreviated format	14-07-2008	2008-41400241	PDF
31-12-2006	abbreviated format	12-07-2007	2007-38500372	PDF
31-12-2005	abbreviated format	03-07-2006	2006-40604016	PDF
31-12-2004	abbreviated format	14-07-2005	2005-49004351	PDF
31-12-2003	abbreviated format	26-07-2004	2004-51005238	PDF
31-12-2002	abbreviated format	04-08-2003	2003-59803377	PDF
31-12-2001	abbreviated format	05-07-2002	2002-34604660	PDF
31-12-2000	abbreviated format	29-06-2001	2001-30802224	PDF
31-12-1999	abbreviated format	29-06-2000	2000-32603929	PDF
31-12-1998	abbreviated format	08-06-1999	1999-15603156	PDF
31-12-1997	abbreviated format	08-07-1998	1998-31003197	PDF
31-12-1996	abbreviated format	13-06-1997	1997-15405325	PDF
31-12-1995	abbreviated format	05-06-1996	1996-13200421	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2026	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010	2009	2008	2007	2006
EBITDA	483,307	616,625	368,018	228,361	379,030	1.2m	708,178	431,194	438,336	523,656	254,660	422,533	596,272	212,909	260,713	280,147	165,742	124,081	109,709
Cash flow	395,834	452,314	279,152	179,451	326,335	1.2m	523,275	323,162	372,279	449,908	180,469	543,946	444,288	150,751	80,238	330,842	104,913	89,515	72,094
Investment in fixed assets	1.4m	593,372	76,452	227,885	1.4m	566,038	1.4m	338,069	5,493	382,025	372,532	533,328	409,546	293,630	163,554	696,248	233,444	18,322	545,366
Change in cash	-	47,225	-51,138	-59,096	-118,798	150,158	52,619	-88,293	36,398	50,627	18,140	-365,616	-	-106,664	65,327	-5,808	-6,856	35,253	-
Working capital	-2.5m	-1.2m	-962,296	-895,806	-682,095	-54,911	-987,600	-733,449	-498,679	-502,210	-632,553	-350,034	-338,452	-240,734	-34,280	18,907	-20,979	10,802	10,506
Solvency	27.4%	32.0%	31.9%	32.1%	30.9%	37.1%	23.4%	24.8%	22.6%	20.4%	20.5%	21.3%	12.4%	14.9%	15.9%	14.8%	6.3%	5.2%	2.7%
Current ratio	0.07	0.29	0.27	0.17	0.40	0.92	0.28	0.19	0.38	0.40	0.23	0.46	0.66	0.46	0.86	1.07	0.88	1.07	1.07
Debt to equity	2.44	1.91	1.89	1.86	1.97	1.42	3.07	2.85	3.22	3.67	3.62	3.10	6.71	5.27	4.91	5.45	14.76	18.28	35.41
ROE	2.4%	14.5%	6.5%	-1.0%	0.2%	62.4%	32.8%	9.7%	34.0%	16.2%	3.9%	73.8%	54.8%	-0.5%	3.7%	66.6%	25.7%	45.8%	-31.3%
ROA	0.7%	4.7%	2.1%	-0.3%	0.1%	23.1%	7.7%	2.4%	7.7%	3.3%	0.8%	15.7%	6.8%	-0.1%	0.6%	9.8%	1.6%	2.4%	-0.9%
Interest coverage	4.36	7.42	4.41	3.51	5.96	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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

Item	31-03-2026	30-11-2024	30-11-2023	30-11-2022	30-11-2021
Employees at the balance-sheet date	3	3	4	4	4
full-time	2	2	2	2	2
part-time	1	1	2	2	2
in full-time equivalents	2.3	2.3	2.9	2.9	2.9
Average over the year, in full-time equivalents	2.3	2.5	2.9	2.9	2.9
On a permanent contract	3	3	4	4	4

Source: social balance sheet in the 2021 to 2026 annual accounts

Securities and guarantees

on own assets and for others

Item	31-03-2026	30-11-2024	30-11-2023	30-11-2022	30-11-2021
Debts secured on the company's own assets	-	-	€1.8m	€2.0m	€2.3m
Mortgages, amount registered	-	-	€1.8m	€1.8m	€1.8m
Carrying value of the mortgaged assets	-	-	€2.2m	€2.2m	€2.3m
Pledge on the business	-	-	€148,736	€148,736	€148,736
Carrying value of the other pledged assets	-	-	€5,432	€12,293	€17,725

Source: notes to the 2021 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	31-03-2026	30-11-2024	30-11-2023	30-11-2022	30-11-2021
Tangible fixed assets	€1.4m	€593,372	€76,452	€227,885	€1.4m
Depreciation and write-downs of the year	€354,693	€198,072	€175,281	€195,598	€322,461

Source: notes to the 2021 to 2026 annual accounts (statement of fixed assets)

Insights on CLASSANIC

The operating result for 2026 is €128,615, against €418,553 in 2024. Comparable figures for the intervening years are unavailable.

Debt's share of the balance-sheet total is 67.1%.

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