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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

Overview

Lifetime

19 annual accounts with figures on one time axis, 30 filings since 1995
Gross marginpeak €1.4m (2020)
€674,808 
Resultlowest -€16,147 (2022)
€41,142 
Equitypeak €1.7m (2024)
€1.7m 
Debts
€4.1m 
Staffpeak 2.9 FTE (2021)
2.3 FTE 
Board6 names since 2021
5 directorsCLAERHOUT DIRK and 4 others
Documentsfilings and deeds
15-10-202616 days before the deadline
2026financial year
No figures for the year before

Key points

from the 2026 annual accounts

Turnover

≈ €1.6m estimated

The accounts state no turnover.

Investments

€1.4m 3.8 × depreciation
20212022202320242026

Green is investment, beige is depreciation.

Board

1 joined · 1 left

Board changed. Latest change 04-12-2025 · 5 in office.

Checked score

81
Excellent
Financially stronger than 32% of micro companies in furniture (NACE 31)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 830 companies (NACE 31, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.2 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.7%▲ +0.3 percentage points vs 06-2026 08-2026: 0.8%▲ +0.1 percentage points vs 07-2026 09-2026: 1.3%▲ +0.5 percentage points vs 08-2026highest value 10-2026: 0.4%▼ -0.9 percentage points vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026

Financial strength
Average

Solvency
52-5equity 27.4% of total assets
Liquidity
30-9short-term debt 43.0% · cash 0.3%
Profitability
56-19return on assets 0.7%

Score breakdown

raises risk
Liquidity: current ratio 0.07, cash €16,860, halved
Sector: Manufacture of furniture (NACE 31)
lowers risk
Founded in 1994
Size: 2.3 FTE, total assets €6.2m
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 31, micro). It does better than 38% of them on solvency, 22% on liquidity and 37% on profitability.

The bankruptcy probability was computed on 05-11-2026 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 31-03-2026.

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).

Comparable companies, two years later

In July 2024, 3,984 companies had the same profile as CLASSANIC has now. Each dot stands for 10 companies, two years later.

96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CLASSANIC itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,984 companies, not a prediction for CLASSANIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €130,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.07 (0.29 in 2024), below 1. Short-term debt is 43% and cash 0.3% of total assets. 72.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.07, cash €16,860, halved
NBB · annual accounts
raises risk · Sector: Manufacture of furniture (NACE 31)
KBO
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: 2.3 FTE, total assets €6.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-10-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
16 days early
2024
4 days early
2023
1 day early
2022
on the day
2021
11 days late
2020
on the day
2019
14 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CF
CLAERHOUT FRANKY
Managing director
CG
Managing director
M
Managing director, Claerhout Franky
CN
Director
Board & ownership

Recent changes

Environmental permit granted Bouwen of herbouwen · Zulte
4 directors appointed CLAERHOUT GINO, CLAERHOUT FRANKY, CLAERHOUT Nico and CLAERHOUT DIRK · Permanent representatives: CLAERHOUT Gino, CLAERHOUT Franky and CLAERHOUT Dirk · Director discharge: CLAERHOUT DIRK · General meeting of 27-11-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0452579531
Environmental permit granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Zulte
All 50 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
CLASSANIC Zulte €6.2m €0.7m 27.4% 2.3
MI-BOIS Wavre €4.3m €0.8m 81.4% 4
AUGUSTYNS INTERIEUR Wuustwezel €4.3m €1.7m 47.3% 1.3
TANGHE DESIGN Kuurne €2.7m €0.8m 59.5% 6
KEUKENS SCHREURS Nieuwerkerken (Limb.) €2.0m €0.4m 37.0% 4.2
B und M KLEIN Butgenbach €2.2m €0.3m 47.1% 5
De Wolf Keukens Asse €1.8m €0.5m 44.8% 3

These companies have the same main activity as CLASSANIC: manufacture of furniture (NACE 31002). They are comparable in size and age: total assets between €1.8m and €4.3m, founded between 1976 and 2000.

Official details

Source: KBO
Status
Active since 21-04-1994Normal situation
Activity
Manufacture of furnitureNACE 31002and 3 others
Joint committees
126Furnishing and woodworking
200Auxiliary committee for white-collar workers · annual accounts 30-11-2023
Establishment unit
2.067.920.5319870 Zulte, since 19-08-1994
Financial year end
31 March
Peppol
Reachable since 23-07-2025
Company details

Annual accounts to 31-03-2026

Gross margin
€674,808
Profit
€41,142
Equity
€1.7m
Total assets
€6.2m
Employeeson 31-03-2026
3
Filing
Filed on 15-10-2026, 16 days before the end of the filing period
Financials

Insights on CLASSANIC

CLASSANIC has existed since 1994. In 2016 the gross margin rose from €148,437 to €632,949 and staff from 1 to 1.5 full-time equivalents.

In December 2023, the Official Gazette published the appointment of CLAERHOUT FRANKY as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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.

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

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 Trend2026202420232022202120202019201820172016201520142013201120102009200820072006
Balance sheet: assets
Total assets20/58 6.2m5.5m5.0m4.9m5.2m4.3m3.9m2.5m2.6m2.8m2.6m2.5m2.6m2.0m1.9m1.9m1.5m1.4m1.4m
Fixed assets21/28 6.0m5.0m4.6m4.7m4.7m3.6m3.5m2.3m2.3m2.4m2.4m2.2m1.9m1.8m1.7m1.7m1.3m1.2m1.2m
Tangible fixed assets22/27 6.0m5.0m4.6m4.7m4.7m3.6m3.5m2.3m2.3m2.4m2.4m2.2m1.9m1.8m1.6m1.6m1.3m1.2m1.2m
Land and buildings22 5.1m4.1m3.7m3.8m3.8m2.7m2.6m2.3m2.2m2.3m2.3m2.0m1.7m1.7m1.6m1.6m1.3m1.2m1.2m
Plant, machinery and equipment23 12,1969,1666779972,8523,0714,6066,1529836,65959,037107,128157,96411,51414,46421,15329,04139,37935,750
Furniture and vehicles24 -1,4286,86012,29317,99123,7579984033,8398,10710,991--------
Leasing and similar rights25 27,347------------------
Other tangible fixed assets26 880,822880,822880,822880,822880,822880,822861,86861,86861,86861,86861,86861,86861,86840,000-----
Financial fixed assets28 180184184184184184184184184184180---25,00025,00025,000--
Current assets29/58 173,194476,859358,767184,839461,275666,194390,564170,586311,679330,225191,301301,004666,036208,820217,524278,021161,249176,480169,579
Amounts receivable within one year40/41 106,910353,070285,78957,497270,909371,470244,954120,406173,205195,150139,853267,696267,111135,25660,497186,32065,54148,187102,268
Trade receivables40 9,535353,070285,78955,569269,250371,470241,322119,981173,205193,800139,853267,696267,111105,58253,768159,53421,47513,22340,559
Other amounts receivable41 97,375--1,9281,660-3,632425-1,350---29,6746,72926,78644,06634,96461,709
Current investments50/53 -------------25,000---25,359-
Cash at bank and in hand54/58 16,86071,15123,92675,064134,159252,957102,79950,181138,474102,07651,44833,308398,92448,564155,22889,90195,708102,56467,311
Deferred charges and accrued income490/1 49,42452,63849,05252,27856,20641,76742,810--33,000----1,8001,800-369-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 6.2m5.5m5.0m4.9m5.2m4.3m3.9m2.5m2.6m2.8m2.6m2.5m2.6m2.0m1.9m1.9m1.5m1.4m1.4m
Equity10/15 1.7m1.7m1.6m1.6m1.6m1.6m914,692619,661579,534562,210531,124530,642319,037296,137297,756286,73395,87971,21438,573
Contributions10/11 150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000
Capital10 150,000150,000150,000150,000150,000--------------
Issued capital100 150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000150,000
Reserves13 1.5m1.6m1.4m1.4m1.4m1.4m760,096467,624427,551407,813376,285364,682129,035122,994128,191133,38715,00015,00015,000
Non-distributable reserves130/1 15,00015,00015,00015,00015,00015,000-------------
Legal reserve130 15,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,000
Tax-exempt reserves132 805,878866,910912,684958,4571.0m1.1m435,096237,624252,551267,813286,285299,682114,035107,994113,191118,387---
Distributable reserves133 716,890714,716514,700455,100425,500360,000310,000215,000160,000125,00075,00050,000-------
Profit (loss) carried forward14 3,1903,1903,1903,1453,1182,9714,5962,0371,9834,3974,83915,96040,00223,14219,5653,345-69,121-93,786-126,427
Provisions and deferred taxes16 338,510364,146383,374402,601421,829441,056176,042113,958121,644129,504139,015314,062122,968128,096118,28490,960---
Provisions for liabilities and charges160/5 -----------167,98872,48872,48860,00030,000---
Deferred taxes168 338,510364,146383,374402,601421,829441,056176,042113,958121,644129,504139,015146,07450,48055,60858,28460,960---
Amounts payable17/49 4.1m3.4m3.0m2.9m3.1m2.3m2.8m1.8m1.9m2.1m1.9m1.6m2.1m1.6m1.5m1.6m1.4m1.3m1.4m
Amounts payable after more than one year17 1.4m1.7m1.6m1.8m2.0m1.5m1.4m853,0011.0m1.2m1.1m986,5401.1m1.1m1.2m1.3m1.2m1.1m1.2m
Financial debts170/4 1.4m1.7m1.6m1.8m2.0m1.1m1.0m853,0011.0m1.2m1.1m986,5401.1m1.1m1.2m1.3m1.2m1.1m1.2m
Other amounts payable178/9 -----438,262397,521------------
Amounts payable within one year42/48 2.7m1.6m1.3m1.1m1.1m721,1051.4m904,036810,359832,436823,855651,0381.0m449,554251,804259,114182,228165,678159,073
Current portion of amounts payable after more than one year42 236,388219,641210,990244,524267,777172,832164,318166,406207,239207,239173,572144,572136,40595,57295,57295,57283,90566,50066,500
Financial debts43 ------809,000-----1,438--6,0021,092--
Credit institutions430/8 ------809,000-----1,438--6,0021,092--
Trade debts44 1.4m311,298157,801246,584240,147397,015238,902436,73382,924216,473228,03089,229563,93359,45956,25570,329234,9201,473
Suppliers440/4 1.4m311,298157,801246,584240,147397,015238,902436,73382,924216,473228,03089,229563,93359,45956,25570,329234,9201,473
Advances received on contracts in progress46 ---------------25,00025,00025,00025,000
Taxes, remuneration and social security45 40,340205,14380,18725,62883,03598,984143,02095,56488,04233,57075,624126,12267,2587,96134,3107,140654460-
Taxes450/3 13,752196,35064,25411,44472,33981,011132,66285,27079,17225,67571,114126,12267,2587,96119,435-654460-
Remuneration and social security454/9 26,5878,79315,93314,18410,69617,97310,35710,2938,8697,8954,510---14,8757,140---
Other amounts payable47/48 1.0m908,584872,085563,909552,41252,27422,924205,333432,154375,154346,628291,114235,453286,56165,66855,07171,55468,79866,100
Accrued charges and deferred income492/3 33,23235,65759,02551,38618,58418,67115,1008,0717,843-5,7905,5454,3306493,4653,6434,1373,2427,640
Income statement
Non-recurring operating income76A -13,527---925,115288,746----299,9376,629--190,296-11,716-
Gross operating margin9900 674,808774,552550,873418,788553,9731.4m872,799603,961552,430632,949148,437550,665677,153249,894334,809321,120182,087137,669118,874
Remuneration, social security and pensions62 145,314111,932135,837138,434119,661122,16682,43580,72367,81574,88740,414--------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 354,693198,072175,281195,598322,461169,132222,937263,035174,955358,822159,987152,341269,389152,37169,215139,98880,24856,87484,176
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 -----------167,98895,500-12,48830,00030,000---
Other operating charges640/8 46,18745,99547,01951,99355,28268,90282,18792,04545,57634,40621,35132,63380,88124,49740,75010,97212,77813,5889,165
Non-recurring operating charges66A --------------98,555-2,568--
Operating profit (loss)9901 128,615418,553192,73732,76356,5681.1m485,241168,158263,381164,83494,673270,192326,88360,538191,498140,15985,49467,20725,533
Financial income75/76B 3478---4651,3155,8461211882,4362,5854,1662,0361,4861,5501,7384,3481,281
Recurring financial income75 3478---4651,3155,8461211882,4362,5854,1662,0361,4861,5501,7384,3481,281
Financial charges65/66B 110,87683,05383,44265,06563,58260,20267,76260,49162,06866,71474,92473,761145,02565,98180,96673,46459,99950,63038,897
Recurring financial charges65 110,87683,05383,44265,06563,58260,20267,76260,49162,06866,71474,92473,761145,02565,98180,96673,46459,99950,63038,897
Profit (loss) for the period before taxes9903 17,773335,578109,295-32,303-7,0141.0m418,794113,513201,43498,30722,185498,952192,654-3,40713,463258,54124,66532,641-12,082
Transfer from deferred taxes780 25,63719,22719,22719,22719,227--------------
Income taxes67/77 2,267100,56324,6513,0728,34015,24541,68061,07211,96916,7338,76211,75322,8828885,1156,727---
Profit (loss) for the period9904 41,142254,242103,872-16,1473,873994,298300,33860,127197,32491,08620,482391,605174,900-1,61911,023190,85424,66532,641-12,082
Transfer from tax-exempt reserves789 61,03245,77445,77445,77461,77429,19120,55614,92715,26318,47113,39712,3419,9605,1965,1964,962---
Transfer to tax-exempt reserves689 -----925,115203,335----197,98816,000--123,350---
Profit (loss) for the period to be appropriated9905 102,174300,016149,64629,62765,64798,374117,56075,054212,587109,55833,879205,958168,8603,57716,22072,46724,66532,641-12,082
Appropriation of the result
Profit (loss) to be appropriated9906 105,364303,207152,79032,74568,618102,971119,59677,037216,983114,39749,839245,960192,00223,14219,5653,345-69,121-93,786-126,427
Profit (loss) brought forward from the previous period14P 3,1903,1903,1453,1182,971--------------
Transfer to equity691/2 2,174200,01659,60029,60065,50050,00095,00055,00035,00050,00025,00050,000-------
To other reserves6921 2,174200,01659,60029,60065,50050,00095,00055,00035,00050,00025,00050,000-------
Profit to be distributed694/7 100,000100,00090,000--50,00020,00020,000180,00060,00020,000180,000152,000------
Directors or managers695 100,000100,00090,000--50,00020,00020,000180,00060,00020,000180,000152,000------
Social balance sheet
Average staff (FTE)9087 2.32.52.92.92.92.81.91.91.61.51--------
Hours worked1013 2,9513,1393,7983,9224,1684,4702,8402,8182,3862,5841,724--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 Trend2026202420232022202120202019201820172016201520142013201120102009200820072006
EBITDA 483,307616,625368,018228,361379,0301.2m708,178431,194438,336523,656254,660422,533596,272212,909260,713280,147165,742124,081109,709
Cash flow 395,834452,314279,152179,451326,3351.2m523,275323,162372,279449,908180,469543,946444,288150,75180,238330,842104,91389,51572,094
Investment in fixed assets 1.4m593,37276,452227,8851.4m566,0381.4m338,0695,493382,025372,532533,328409,546293,630163,554696,248233,44418,322545,366
Change in cash -47,225-51,138-59,096-118,798150,15852,619-88,29336,39850,62718,140-365,616--106,66465,327-5,808-6,85635,253-
Working capital -2.5m-1.2m-962,296-895,806-682,095-54,911-987,600-733,449-498,679-502,210-632,553-350,034-338,452-240,734-34,28018,907-20,97910,80210,506
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 0.070.290.270.170.400.920.280.190.380.400.230.460.660.460.861.070.881.071.07
Debt to equity 2.441.911.891.861.971.423.072.853.223.673.623.106.715.274.915.4514.7618.2835.41
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 4.367.424.413.515.96--------------

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

Item31-03-202630-11-202430-11-202330-11-202230-11-2021
Employees at the balance-sheet date33444
full-time22222
part-time11222
in full-time equivalents2.32.32.92.92.9
Average over the year, in full-time equivalents2.32.52.92.92.9
On a permanent contract33444

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

Securities and guarantees

on own assets and for others
Item31-03-202630-11-202430-11-202330-11-202230-11-2021
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
Item31-03-202630-11-202430-11-202330-11-202230-11-2021
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%.

Board & ownership

Board

5 directors, 4 in day-to-day management, last change in 2025
Chair of the board, director and managing director, permanent representative Claerhout Dirk
chair of the board appointed by deed of 28-12-2023 director appointed by deed of 04-12-2025 6-year term from 2025
listed in the 2026 annual accounts, filed on 15-10-2026
CLAERHOUT FRANKY
Director and managing director
director appointed by deed of 04-12-2025 managing director appointed by deed of 28-12-2023 6-year term from 2025
listed in the 2026 annual accounts, filed on 15-10-2026
Director and managing director, permanent representative Claerhout Gino
director appointed by deed of 04-12-2025 managing director appointed by deed of 28-12-2023 6-year term from 2025
listed in the 2026 annual accounts, filed on 15-10-2026
Director
appointed by deed of 04-12-2025 6-year term from 2025
also on the board of 1 other company
MYENFRA CommV
Director and managing director, permanent representative Claerhout Franky
in office according to the deed of 13-08-2021 term until 12-09-2031
listed in the 2026 annual accounts, filed on 15-10-2026
Day-to-day management
CLAERHOUT DIRK CommV, CLAERHOUT FRANKY, CLAERHOUT GINO CommV, MYENFRA
Permanent representatives 3
Claerhout Dirk
Permanent representative, for CLAERHOUT DIRK CommV
appointed by deed of 28-12-2023
Claerhout Gino
Permanent representative, for CLAERHOUT GINO CommV
appointed by deed of 04-12-2025
Claerhout Franky
Permanent representative, for MYENFRA
in office according to the deed of 13-08-2021

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
CLAERHOUT DIRK CommV
Chair, Director, Managing director
CLAERHOUT GINO CommV
Director, Managing director
MYENFRA
Director, Managing director
CLAERHOUT FRANKY
Director, Managing director
CLAERHOUT NICO CommV
Managing director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • CLAERHOUT DIRK CommV
    • Director, since before 13-08-2021
    • Chair, since before 13-08-2021
    • Managing director, since before 13-08-2021
  • CLAERHOUT GINO CommV
    • Director, since before 13-08-2021
    • Managing director, since before 13-08-2021
  • MYENFRA
    • Director, since before 13-08-2021
    • Managing director, since before 13-08-2021
  • CLAERHOUT FRANKY
    • Director, since before 30-11-2021
    • Managing director, appointed by deed of 28-12-2023, still in office
  • CLAERHOUT Nico
    • Director, since before 30-11-2021
  • CLAERHOUT NICO CommV
    • Director, from before 13-08-2021 to 27-11-2025
    • Managing director, since before 13-08-2021

See the board, name and registered office on a given date →

Control

Capital

Capital
€150,000
Shares
4,450
Contribution per share
€33.71
Equity per share
€380 in 2026
Source
deed of 28-12-2023

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Term of at most 6 years
“Herstemming tussen twee kandidaten met meeste stemmen indien geen meerderheid, oudste kandidaat verkozen bij staking herstemming”
deed of 28-12-2023 (in Dutch)
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Voor de helft ten laste van overdrager en voor andere helft ten laste van koper(s),naar evenredigheid met door iedere koper verworven aantal…”
deed of 28-12-2023 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of September at 14:00
deed of 04-12-2025 (in Dutch)
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Alle verrichtingen vermeld in de wet, algemene vergadering bij gewone meerderheid”
deed of 28-12-2023 (in Dutch)

Network & group

No group

CLASSANIC has no parent and no holdings in its annual accounts.

At the same address

Nieuwlandstraat 1, 9870 Zulte · 1 other company
HOME BEDDING
registered office since 01-11-2006 · founded in 2006
total assets €227,357 (2025)
0884.591.005

Connections & network

5 current directors
Depth

The network lets you explore the ties of CLASSANIC.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

50 events since 1994
2026
Annual accounts 2026 filed NBBfull format · 16 days before the deadline
2025
Environmental permit granted OmgevingsloketBouwen of herbouwen · Zulte
4 directors appointedCLAERHOUT GINO, CLAERHOUT FRANKY, CLAERHOUT Nico and CLAERHOUT DIRK · Permanent representatives: CLAERHOUT Gino, CLAERHOUT Franky and CLAERHOUT Dirk · Director discharge: CLAERHOUT DIRK · General meeting of 27-11-20259 points ▸
  • General meeting, 27-11-2025
  • Director appointment, CLAERHOUT GINO
  • Permanent representative, CLAERHOUT Gino
  • Director appointment, CLAERHOUT FRANKY
  • Permanent representative, CLAERHOUT Franky
  • Director appointment, CLAERHOUT Nico
  • Director appointment, CLAERHOUT DIRK
  • Permanent representative, CLAERHOUT Dirk
  • Director discharge, CLAERHOUT DIRK
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0452579531
Annual accounts 2024 filed PDFabbreviated format · 4 days before the deadline
2024
Environmental permit granted OmgevingsloketNieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Zulte
Annual accounts 2023 filed PDFabbreviated format · 1 day before the deadline
2023
4 directors reappointedChanges of role: CLAERHOUT GINO, CLAERHOUT FRANKY, CLAERHOUT NICO and CLAERHOUT DIRK · Reappointments: CLAERHOUT GINO, CLAERHOUT FRANKY, CLAERHOUT NICO and CLAERHOUT DIRK · Permanent representatives: CLAERHOUT Gino, CLAERHOUT Franky, CLAERHOUT Nico and CLAERHOUT Dirk24 points ▸
  • Purpose change, “Het deelnemen aan het beheer,bestuur en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan vennootschappen en…” (deed in Dutch)
  • Capital, €150,000, 4,450 shares
  • Registered office clause, Nieuwlandstraat 1, 9870 Zulte
  • Director resignation, CLAERHOUT GINO
  • Director resignation, CLAERHOUT FRANKY
  • Director reappointment, CLAERHOUT GINO
  • Director reappointment, CLAERHOUT FRANKY
  • Director resignation, CLAERHOUT NICO
  • Director resignation, CLAERHOUT DIRK
  • Director reappointment, CLAERHOUT NICO
  • Director reappointment, CLAERHOUT DIRK
  • Permanent representative, CLAERHOUT Gino
  • Permanent representative, CLAERHOUT Franky
  • Permanent representative, CLAERHOUT Nico
  • Permanent representative, CLAERHOUT Dirk
  • Director discharge, CLAERHOUT GINO
  • Director discharge, CLAERHOUT FRANKY
  • Director discharge, CLAERHOUT NICO
  • Director discharge, CLAERHOUT DIRK
  • Director appointment, CLAERHOUT GINO (managing director)
  • Director appointment, CLAERHOUT FRANKY (managing director)
  • Director appointment, CLAERHOUT NICO (managing director)
  • Director appointment, CLAERHOUT DIRK (managing director)
  • Director appointment, CLAERHOUT DIRK (chair of the board)
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Back to profit net €103,872 The net result is €103,872, after one loss-making year.
Annual accounts 2022 filed PDFabbreviated format · on the deadline day
2022
Weakest financial year net -€16,147 The net result drops to -€16,147, the lowest from 2006 to 2026. It recovers the following year.
Annual accounts 2021 filed PDFabbreviated format · 11 days late
2021
4 directors reappointedCommV Dirk Claerhout, CommV Gino Claerhout, CommV Nico Claerhout and CommV Franky Claerhout · Permanent representatives: Claerhout Dirk, Claerhout Gino, Claerhout Nico and Claerhout Franky · General meeting of 15-06-202115 points ▸
  • General meeting, 15-06-2021
  • Director reappointment, CommV Dirk Claerhout
  • Director reappointment, CommV Gino Claerhout
  • Director reappointment, CommV Nico Claerhout
  • Director reappointment, CommV Franky Claerhout
  • Board meeting, 15-06-2021
  • Director reappointment, CommV Dirk Claerhout (managing director)
  • Director reappointment, CommV Gino Claerhout (managing director)
  • Director reappointment, CommV Nico Claerhout (managing director)
  • Director reappointment, CommV Franky Claerhout (managing director)
  • Director reappointment, CommV Dirk Claerhout (chair)
  • Permanent representative, Claerhout Dirk
  • Permanent representative, Claerhout Gino
  • Permanent representative, Claerhout Nico
  • Permanent representative, Claerhout Franky

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · on the deadline day
2020
Highest result from 2006 to 2026 net €994,298 ▲231% The operating result of €1.1m and the net result of €994,298 are both a record.
Equity above €1m equity €1.6m ▲74.3% After 8 profitable years in a row, equity reaches €1.6m.
Annual accounts 2019 filed PDFabbreviated format · 14 days late
Environmental permit granted OmgevingsloketBouwen of herbouwen · Deinze
2019
Environmental permit granted OmgevingsloketBouwen of herbouwen · Zulte
Annual accounts 2018 filed PDFabbreviated format · 11 days late
Environmental permit granted OmgevingsloketBomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Verwijderen van vrijstaande gebouwen · Deinze
2018
Environmental permit granted OmgevingsloketSlopen van niet vrijstaande gebouwen of constructies · Zulte
Annual accounts 2017 filed PDFabbreviated format · 4 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 7 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 1 day before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 29 days before the deadline
2014
Equity above €500,000 equity €530,642 ▲66.3% After 2 profitable years in a row, equity reaches €530,642.
Annual accounts 2013 filed PDFabbreviated format · 18 days before the deadline
2013
Back to profit net €174,900 The net result is €174,900, after one loss-making year.
2012
Annual accounts 2011 filed PDFabbreviated format · 34 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 38 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 44 days before the deadline
2009
Equity above €200,000 equity €286,733 ▲199% After 3 profitable years in a row, equity reaches €286,733.
Annual accounts 2008 filed PDFabbreviated format · 43 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 17 days before the deadline
2007
Back to profit net €32,641 The net result is €32,641, after one loss-making year.
Annual accounts 2006 filed PDFabbreviated format · 19 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1994
First establishment CLASSANIC NV, Nieuwlandstraat 1, Zulte
Incorporation published on 12-05-1994

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CLASSANIC was incorporated on 21 April 1994.1 Total assets rose from €2.5m in 2018 to €6.2m in 2026 and headcount from 1.9 to 2.3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2026

Company details

Identity

Enterprise number
0452.579.531
VAT number
BE 0452.579.531
Peppol ID
0208:0452579531
Other Peppol ID
9925:BE0452579531
Legal form
Public limited company
Status
Active, normal situation
Founded
21-04-1994
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of September at 14:00
deed of 04-12-2025 (in Dutch)
Peppol
Reachable since 23-07-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CLASSANIC in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 28-12-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
31002 Manufacture of furniture main activity
46494 Wholesale of non-electrical household articles
47530 Retail trade
68310 Real estate agency activities
Social security (RSZ) activities
31002 Manufacture of furniture main activity
Joint committees annual accounts 30-11-2023
JC 126 Furnishing and woodworking
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
31020 Manufacture of furniture main activity
46494 Wholesale of non-electrical household articles
47530 Retail trade
68311 Real estate activities
Social security (RSZ) activities
31020 Manufacture of furniture main activity
Codes under NACEBEL 2003
36130 main activity
51471
52486
70311
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het deelnemen aan het beheer,bestuur en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan…”
20 activities
  1. Het deelnemen aan het beheer,bestuur en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan vennootschappen en ondernemingen;
  2. Het waarnemen van bestuurdersfuncties,directie,controle of vereffening,het verlenen van advies,management en andere diensten.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan;
  3. Advies-en/of dienstverlening aan bedrijven,privépersonen en instellingen in de ruimste zin van het woord,voornamelijk doch niet uitsluitend op het vlak van management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis;
  4. Het geven van advies inzake de organisatie en het beheer van ondernemingen;
  5. De handel in keukens,badkamermeubelen,vloeren,faiences,alsook de plaatsing ervan;
  6. Het bouwen van woningen “sleutel op de deur”;
  7. Aankoop,verkoop,verhuur,huur,beheer van roerende en onroerende goederen,met inbegrip van de activiteiten als vastgoedmakelaar gereglementeerd overeenkomstig het Koninklijk Besluit van zes september negentienhonderd drieënnegentig,evenwel slechts voor zoverre daartoe de nodige erkenning en inschrijving werd bekomen;
  8. Handel in bouwmaterialen en hout
  9. Productie en plaatsen van algemeen schrijnwerk en meubelen
  10. Onderneming in onroerende goederen,en aanneming van onroerende werkzaamheden,met inbegrip van de activiteiten als vastgoedmakelaar gereglementeerd overeenkomstig het Koninklijk Besluit van zes september negentienhonderd drieënnegentig,evenwel slechts voor zoverre daartoe de nodige erkenning en inschrijving werd bekomen.
  11. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten(vruchtgebruik,recht van opstal,erfpacht,…)zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,ter beschikking stellen,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,het maken van studies met betrekking tot immobiliën;de aan-en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen;alsmede zich borg te stellen voor het goede verloop van verbintenissen,door derde personen aangegaan die het genot zouden hebben van voormelde roerende en onroerende goederen.
  12. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten.
  13. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm;het zich borg stellen,zakelijke zekerheden of aval verlenen,in de meest ruime zin;alle handelsoperaties en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
  14. Mag voorwerp verwezenlijken in België en buitenland met volle rechtsbekwaamheid voor alle handelingen die rechtstreeks of onrechtstreeks verband houden met voorwerp of verwezenlijking geheel of ten dele vergemakkelijken.
  15. Kan voorwerp verwezenlijken door terbeschikkingstelling van(on)roerende goederen in natura aan bestuurders als deel bezoldiging of door verhuur van(on)roerende goederen aan bestuurders.
  16. Kan leningen of schulden aangaan bij derden met inbegrip van aandeelhouders en bestuurders en alle kosten maken en investeringen doen die nodig of wenselijk geacht.
  17. Mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in Wetten en Koninklijke Besluiten op financiële transacties en markten en over vermogensbeheer en beleggingsadvies.
  18. Dient zich te onthouden van werkzaamheden onderworpen aan reglementaire bepalingen,voor zover vennootschap zelf niet aan bepalingen voldoet.
  19. Kan functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
  20. Mag betrokken zijn bij wijze van associatie,inbreng,fusie,inschrijving of op elke andere wijze in alle ondernemingen,verenigingen of vennootschappen,die gelijkaardig,soortgelijk of samenhangend voorwerp hebben of nuttig zijn voor verwezenlijking geheel of gedeelte van voorwerp.
deed of 28-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
CLASSANIC NV registered office Nieuwlandstraat 1, 9870 Zulte 19-08-1994 2.067.920.531

Buildings and parcels at the address

Ground area
1,468 m²
Buildings
553 m²
Volume, LiDAR
3,400 m³
Tallest building
6.8 m
Buildings to scale, each on its own parcel
553 m², 6.8 m 553 m², 6.8 m

Environmental permits

6 applications in Flanders since 2018 · 6 granted
11-12-2025 Granted Bouwen of herbouwen submitted 26-09-2025 · project 2025113490 Zulte
14-08-2024 Granted Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 05-06-2024 · project 2024065356 Zulte
31-03-2020 Granted Bouwen of herbouwen submitted 06-11-2019 · project 2019133709 Deinze
12-09-2019 Granted Bouwen of herbouwen submitted 09-04-2019 · project 2019041227 Zulte
09-04-2019 Granted Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Verwijderen van vrijstaande gebouwen submitted 01-02-2019 · project 2018157998 Deinze
04-10-2018 Granted Slopen van niet vrijstaande gebouwen of constructies submitted 04-08-2018 · project 2018091302 Zulte

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44050B1133/00Z0001,468 m² 1 · 553 m² 6.8 m · 2