CLASSIS
ActiveSummary
CLASSIS has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.5m and a net result of €208,319. Equity has been growing by about 16% per year since 2019. Its solvency ranks better than 35% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-10-2003 Normal situation
- Activity
- Wholesale of household textiles and bedding NACE 46412and 3 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 30-09-2024
- Establishment unit
- 2.134.613.969 2800 Mechelen, since 01-11-2003
- Financial year end
- 30 September
- Peppol
- Reachable since 09-12-2025
Board and ownership
Board
- GUNGOR TanerDirector
- GUNGOR TevhidDirector
- Auditor
- Baker Tilly Bedrijfsrevisoren
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
Annual accounts to 30-09-2025
- Turnover
- €39.3m
- ▲ 7.7%
- Profit
- €208,319
- ▼ 43.5%
- Equity
- €6.5m
- ▲ 3.3%
- Total assets
- €21.0m
- ▲ 13.2%
- Employees on 30-09-2025
- 21
- ▼ 4.5%
Score breakdownraises riskLiquidity: current ratio 1.48, cash €201,916Size: turnover €39.3m, 22.1 FTE, total assets €21.0mlowers riskFounded in 2003Figures for financial year 2025 (filed on 18-04-2026)Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 33% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency
56-3
equity 31.2% of total assets
Liquidity
19-6
short-term debt 60.8% · cash 1.0%
Profitability
32-5
return on assets 1.0%
Bankruptcy probability within 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 0.4%▼ -0.2 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (1.71 in 2024), below the usual 1.5. Short-term debt is 60.8% and cash 1% of total assets. 68.8% of the assets are financed with debt and provisions.
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 46, small). It does better than 36% of them on solvency, 17% on liquidity, 19% on profitability and 60% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-04-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 days early
2024
on the day
2023
6 days early
2022
3 days late
2021
12 days late
2020
on the day
2019
34 days early
← 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 5 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 18-04-2026 PDF all 21 filings
Turnover
€39.3m▲ 7.7%
2024 · €36.5m
EBIT margin
4.1%▼ 2.8pp
2024 · 7.0%
Net result
€208,319▼ 43.5%
2024 · €368,564
Working capital
€6.1m▼ 11.1%
2024 · €6.9m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2021.
Turnover€39.3m
2025
Operating result€1.6m
2025
Net result€0.2m
2025
Total assets€21.0m
2025
Equity€6.5m
2025
Debt€14.5m
2025
Working capital€6.1m
2025
EBIT margin4.1%
2025
Return on assets (ROA)1.0%
2025
Solvency31.2%
2025
Current ratio1.48
2025
Staff (FTE)22.1
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€25.5m-€29.1m▲ 13.9%€40.4m▲ 39.0%€33.7m▼ 16.6%€37.3m▲ 10.4%€36.5m▼ 1.9%€39.3m▲ 7.7%
Operating result€0.6m-€1.0m▲ 80.8%€2.3m▲ 129%€2.6m▲ 13.4%€2.4m▼ 9.4%€2.5m▲ 6.3%€1.6m▼ 36.3%
Net result€0.3m-€0.6mabove the sector's middle half▲ 107%€1.1mabove the sector's middle half▲ 80.8%€0.8mabove the sector's middle half▼ 28.0%€0.9mabove the sector's middle half▲ 17.1%€0.4mwithin the sector's middle half▼ 59.7%€0.2mwithin the sector's middle half▼ 43.5%
EBIT margin2.2%-3.5%▲ 1.3pp5.8%▲ 2.3pp7.8%▲ 2.1pp6.4%▼ 1.4pp7.0%▲ 0.5pp4.1%▼ 2.8pp
Equity€2.3m-€2.9mwithin the sector's middle half▲ 26.2%€4.0mwithin the sector's middle half▲ 37.5%€5.1mabove the sector's middle half▲ 27.2%€6.0mabove the sector's middle half▲ 18.1%€6.3mabove the sector's middle half▲ 6.2%€6.5mabove the sector's middle half▲ 3.3%
Total assets€7.4m-€10.6mabove the sector's middle half▲ 42.4%€22.0mabove the sector's middle half▲ 108%€21.3mabove the sector's middle half▼ 3.4%€19.0mabove the sector's middle half▼ 10.8%€18.6mabove the sector's middle half▼ 2.0%€21.0mabove the sector's middle half▲ 13.2%
Debt€5.1m-€7.7m▲ 49.5%€18.0m▲ 135%€16.2m▼ 10.1%€13.0m▼ 19.9%€12.2m▼ 5.8%€14.5m▲ 18.3%
Working capital€3.1m-€3.9mabove the sector's middle half▲ 28.4%€6.4mabove the sector's middle half▲ 63.4%€7.5mabove the sector's middle half▲ 16.3%€7.8mabove the sector's middle half▲ 4.0%€6.9mabove the sector's middle half▼ 11.9%€6.1mabove the sector's middle half▼ 11.1%
Solvency30.8%-27.3%within the sector's middle half▼ 3.5pp18.1%below the sector's middle half▼ 9.3pp23.8%within the sector's middle half▲ 5.7pp31.5%within the sector's middle half▲ 7.7pp34.1%within the sector's middle half▲ 2.6pp31.2%within the sector's middle half▼ 3.0pp
Current ratio2.15-1.80within the sector's middle half▼ 0.351.45within the sector's middle half▼ 0.351.60within the sector's middle half▲ 0.141.80within the sector's middle half▲ 0.201.71within the sector's middle half▼ 0.101.48within the sector's middle half▼ 0.23
Return on assets (ROA)3.9%-5.7%within the sector's middle half▲ 1.8pp4.9%within the sector's middle half▼ 0.7pp3.7%within the sector's middle half▼ 1.3pp4.8%within the sector's middle half▲ 1.2pp2.0%within the sector's middle half▼ 2.8pp1.0%within the sector's middle half▼ 1.0pp
Staff (FTE)13.1-15.5within the sector's middle half▲ 18.3%20within the sector's middle half▲ 29.0%21.1within the sector's middle half▲ 5.5%20.4within the sector's middle half▼ 3.3%21.7within the sector's middle half▲ 6.4%22.1within the sector's middle half▲ 1.8%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.0m
Fixed assets
€2.1m ▲ 8.1%
Current assets
€18.9m ▲ 13.8%
Equity and liabilities €21.0m
Equity
€6.5m ▲ 3.3%
Debt
€14.5m ▲ 18.3%
Debt's share of the balance-sheet total rises from 65.9% to 68.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.2m▼
2024 · €2.9m
Cash flow
€825,764▲
2024 · €761,446
Quick ratio
0.47▲
2024 · 0.39
Debt to equity
2.21▲
2024 · 1.93
ROE
3.2%▼
2024 · 5.8%
Interest coverage
0.79▼
2024 · 1.07
Debt ≤ 1 year
€12.8m▲
2024 · €9.7m
Debt > 1 year
€1.7m▼
2024 · €2.4m
Income taxes
€104,657▼
2024 · €159,592
Customer credit
51 days▲
2024 · 32 days
Supplier credit
86 days▲
2024 · 67 days
Staff costs
€1.3m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 25 | 22 | 21 | 22 | 21 |
| full-time | 21 | 19 | 19 | 21 | 20 |
| part-time | 4 | 3 | 2 | 1 | 1 |
| in full-time equivalents | 24 | 21.1 | 20.4 | 21.6 | 20.6 |
| Average over the year, in full-time equivalents | 20 | 19.9 | 20.4 | 21.7 | 22.1 |
| On a permanent contract | 23 | 21 | 21 | 22 | 21 |
| Joined | 20 | 8 | 1 | 5 | 1 |
| Left | 12 | 11 | 2 | 4 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €3.6m | - | - | - | - |
| Mortgages, amount registered | €7.8m | €8.0m | €8.0m | €8.0m | €907,000 |
| Mortgage mandates | €550,000 | €550,000 | €550,000 | €550,000 | - |
| Pledge on the business | €2.3m | €2.3m | €2.3m | €2.3m | €8.7m |
| Pledge on other assets, amount secured | - | - | - | - | €2.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €147,069 | €217,874 | €467,109 | €910,147 | €778,450 |
| Depreciation and write-downs of the year | €469,805 | €364,119 | €255,506 | €392,882 | €617,445 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | - | €12,615 | €10,700 | €11,074 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €25,242 awarded · €24,905 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €3,484 | €3,571 |
| 2024 | 1 | €660 | €659 |
| 2023 | 2 | €21,036 | €20,675 |
| 2022 | 1 | €62 | €0 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €40.8m | €33.9m | €37.4m | €36.7m | €39.5m | ▲ 7.7% |
| Turnover70 | €25.5m | €29.1m | €40.4m | €33.7m | €37.3m | €36.5m | €39.3m | ▲ 7.7% |
| Other operating income74 | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 18.3% |
| Non-recurring operating income76A | - | - | - | - | - | €0.002m | - | - |
| Operating charges60/66A | - | - | €38.4m | €31.3m | €35.0m | €34.2m | €37.9m | ▲ 11.0% |
| Goods for resale, raw materials and consumables60 | - | - | €34.7m | €27.6m | €31.2m | €30.0m | €33.4m | ▲ 11.4% |
| Purchases600/8 | - | - | €45.8m | €28.4m | €27.2m | €27.8m | €32.2m | ▲ 15.8% |
| Change in stocks: decrease (increase)609 | - | - | -€11.1m | -€0.8m | €4.0m | €2.2m | €1.2m | ▼ 44.8% |
| Services and other goods61 | - | - | €2.2m | €2.3m | €2.4m | €2.4m | €2.5m | ▲ 2.7% |
| Remuneration, social security and pensions62 | - | - | €0.9m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €0.6m | ▲ 57.2% |
| Other operating charges640/8 | - | - | €0.1m | €0.08m | €0.09m | €0.2m | €0.08m | ▼ 45.8% |
| Operating profit (loss)9901 | €0.6m | €1.0m | €2.3m | €2.6m | €2.4m | €2.5m | €1.6m | ▼ 36.3% |
| Financial income75/76B | - | - | €1.5m | €1.2m | €1.1m | €0.7m | €1.5m | ▲ 106% |
| Recurring financial income75 | €1.1m | €0.8m | €1.5m | €1.2m | €1.1m | €0.7m | €1.5m | ▲ 106% |
| Other financial income752/9 | - | - | €1.5m | €1.2m | €1.1m | €0.7m | €1.5m | ▲ 106% |
| Financial charges65/66B | - | - | €2.4m | €2.8m | €2.2m | €2.7m | €2.8m | ▲ 2.6% |
| Recurring financial charges65 | €1.3m | €0.9m | €2.4m | €2.8m | €2.2m | €2.7m | €2.8m | ▲ 2.6% |
| Debt charges650 | €1.3m | €0.9m | €2.4m | €2.8m | €2.2m | €2.7m | €2.8m | ▲ 2.6% |
| Non-recurring financial charges66B | - | - | €0.03m | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.9m | €1.5m | €1.1m | €1.3m | €0.5m | €0.3m | ▼ 40.7% |
| Income taxes67/77 | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 34.4% |
| Taxes670/3 | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 34.4% |
| Profit (loss) for the period9904 | €0.3m | €0.6m | €1.1m | €0.8m | €0.9m | €0.4m | €0.2m | ▼ 43.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.1m | €0.2m | ▲ 95.3% |
| Transfer to tax-exempt reserves689 | - | - | €0.2m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.5m | €0.9m | €0.8m | €0.9m | €0.5m | €0.4m | ▼ 14.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €7.4m | €10.6m | €22.0m | €21.3m | €19.0m | €18.6m | €21.0m | ▲ 13.2% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.4m | €1.2m | €1.5m | €2.0m | €2.1m | ▲ 8.1% |
| Intangible fixed assets21 | €32 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.7m | €1.7m | €1.4m | €1.2m | €1.5m | €2.0m | €2.1m | ▲ 8.1% |
| Land and buildings22 | - | - | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 0.1% |
| Plant, machinery and equipment23 | - | - | €0.5m | €0.4m | €0.7m | €1.2m | €1.4m | ▲ 16.4% |
| Furniture and vehicles24 | - | - | €0.07m | €0.05m | €0.06m | €0.1m | €0.1m | ▼ 13.9% |
| Leasing and similar rights25 | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 8.5% |
| Financial fixed assets28 | €125 | - | - | - | - | - | - | - |
| Current assets29/58 | €5.7m | €8.9m | €20.6m | €20.0m | €17.5m | €16.6m | €18.9m | ▲ 13.8% |
| Stocks and contracts in progress3 | €4.0m | €5.8m | €16.9m | €17.7m | €13.7m | €12.8m | €12.9m | ▲ 1.2% |
| Stocks30/36 | - | - | €16.9m | €17.7m | €13.7m | €12.8m | €12.9m | ▲ 1.2% |
| Goods purchased for resale34 | - | - | €16.9m | €17.7m | €13.7m | €12.8m | €12.9m | ▲ 1.2% |
| Amounts receivable within one year40/41 | €1.3m | €2.5m | €3.4m | €2.0m | €3.6m | €3.4m | €5.6m | ▲ 64.7% |
| Trade receivables40 | - | - | €3.3m | €2.0m | €3.5m | €3.2m | €5.5m | ▲ 72.4% |
| Other amounts receivable41 | - | - | €0.06m | €0.07m | €0.09m | €0.2m | €0.1m | ▼ 38.2% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 13.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.2m | €0.1m | ▼ 44.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €7.4m | €10.6m | €22.0m | €21.3m | €19.0m | €18.6m | €21.0m | ▲ 13.2% |
| Equity10/15 | €2.3m | €2.9m | €4.0m | €5.1m | €6.0m | €6.3m | €6.5m | ▲ 3.3% |
| Contributions10/11 | €2.0m | - | €2.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Reserves13 | €0.3m | €0.9m | €2.0m | €1.1m | €2.0m | €2.3m | €2.5m | ▲ 8.9% |
| Tax-exempt reserves132 | - | - | €0.3m | €0.3m | €0.3m | €0.2m | - | - |
| Distributable reserves133 | - | - | €1.7m | €0.8m | €1.7m | €2.2m | €2.5m | ▲ 18.0% |
| Amounts payable17/49 | €5.1m | €7.7m | €18.0m | €16.2m | €13.0m | €12.2m | €14.5m | ▲ 18.3% |
| Amounts payable after more than one year17 | €2.4m | €2.7m | €3.8m | €3.7m | €3.3m | €2.4m | €1.7m | ▼ 30.0% |
| Financial debts170/4 | - | - | €3.8m | €3.5m | €2.9m | €2.0m | €1.4m | ▼ 29.9% |
| Subordinated loans170 | - | - | €1.2m | €1.0m | €0.7m | €0.4m | €0.4m | ▼ 7.8% |
| Credit institutions173 | - | - | €2.7m | €2.5m | €2.2m | €1.6m | €1.0m | ▼ 36.1% |
| Other amounts payable178/9 | - | - | €0.02m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 30.5% |
| Amounts payable within one year42/48 | €2.7m | €4.9m | €14.2m | €12.5m | €9.7m | €9.7m | €12.8m | ▲ 31.3% |
| Current portion of amounts payable after more than one year42 | - | - | €4.6m | €2.7m | €0.4m | €2.8m | €3.3m | ▲ 18.4% |
| Financial debts43 | - | - | €0.2m | €0.07m | €0.09m | €0.2m | €0.2m | ▼ 0.8% |
| Credit institutions430/8 | - | - | €0.2m | €0.07m | €0.09m | €0.2m | €0.2m | ▼ 0.8% |
| Trade debts44 | €2.1m | €3.8m | €7.8m | €8.4m | €7.5m | €5.5m | €7.9m | ▲ 42.6% |
| Suppliers440/4 | - | - | €7.8m | €8.4m | €7.5m | €5.5m | €7.9m | ▲ 42.6% |
| Taxes, remuneration and social security45 | - | - | €1.5m | €1.3m | €1.7m | €1.2m | €1.4m | ▲ 14.2% |
| Taxes450/3 | - | - | €1.4m | €1.2m | €1.6m | €1.1m | €1.2m | ▲ 14.7% |
| Remuneration and social security454/9 | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 11.5% |
| Other amounts payable47/48 | - | - | €0.04m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.04m | €0.01m | €0.008m | €0.09m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.6m | €1.1m | €0.8m | €0.9m | €0.4m | €0.2m | ▼ 43.5% |
| + Depreciation and write-downs630 | €0.4m | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €0.6m | ▲ 57.2% |
| Operating cash flow (approximation) | €0.7m | €1.1m | €1.6m | €1.1m | €1.2m | €0.8m | €0.8m | ▲ 8.4% |
| Investment in fixed assets (approximation) | - | -€0.6m | -€0.1m | -€0.2m | -€0.5m | -€0.9m | -€0.8m | ▲ 14.5% |
| Change in cash | - | €0.09m | -€0.02m | -€0.02m | -€0.06m | -€0.05m | €0.02m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as CLASSIS has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96.2%
was still going
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLASSIS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 14,766 companies, not a prediction for CLASSIS. 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.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 18-04-2026 | 2026-00082046 | |
| 30-09-2024 | full format | 30-04-2025 | 2025-00081531 | |
| 30-09-2023 | full format | 24-04-2024 | 2024-00067739 | |
| 30-09-2022 | full format | 03-05-2023 | 2023-00078762 | |
| 30-09-2021 | full format | 12-05-2022 | 2022-20025209 | |
| 30-09-2020 | full format | 30-04-2021 | 2021-11900562 | |
| 30-09-2019 | full format | 27-03-2020 | 2020-07700386 | |
| 30-09-2018 | full format | 28-03-2019 | 2019-07900474 | |
| 30-09-2017 | full format | 26-03-2018 | 2018-07600275 | |
| 30-09-2016 | full format | 31-03-2017 | 2017-07700340 |
Board & ownership
Directors
Directors
2 directors
Board 2
GUNGOR Taner
Current
Director · in office according to the act of 05-10-2022 · listed in the 2025 annual accounts, filed on 18-04-2026
GUNGOR Tevhid
Current
Director · in office according to the act of 05-10-2022 · listed in the 2025 annual accounts, filed on 18-04-2026
Statutory auditor 1
Baker Tilly Bedrijfsrevisoren
Current
Statutory auditor · current term since 29-11-2024 · permanent representative: Caluwaerts Christian · listed in the 2025 annual accounts, filed on 18-04-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 05-10-2022Owners and capital
Shareholders
After the capital increase
act of 05-10-2022 ↗
- GUNGOR Taner €150,000 in cash
- GUNGOR Tevhid €150,000 in cash
Capital transactions
Capital over time
- 05-10-2022 Converted to unavailable equity
- 05-10-2022 Capital increase of €300,000 · to €4,000,000 · in cash
Mandate history
3 people, 3 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| GUNGOR Taner |
|
| GUNGOR Tevhid |
|
| Baker Tilly Bedrijfsrevisoren |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”“Vergoeding van bestuurders, absolute meerderheid van stemmen”
Articles of association, deed of 05-10-2022 (in Dutch)
Network & group
CLASSIS shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of CLASSIS. Every other company they run is a node.
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
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
05-10
Gazette deed
Algemene Vergadering - BoekjaarAmendment of the articles · Power of attorney3 points ▸
Gazette deed
Algemene Vergadering - Boekjaar
Amendment of the articles · Power of attorney3 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles
- Power of attorney, Natacha Stoop
18-04
full format · 12 days before the deadline
2025
30-09
Financial
Weakest financial yearnet €208,319 ▼43.5%
The net result drops to €208,319, the lowest from 2019 to 2025.
30-04
full format · on the deadline day
2024
10-12
Gazette deed
Reappointment: Baker Tilly Bedrijfsrevisoren (statutory auditor)Permanent representative: Caluwaerts Christian4 points ▸
Gazette deed
Reappointment: Baker Tilly Bedrijfsrevisoren (statutory auditor)
Permanent representative: Caluwaerts Christian4 points ▸
- General meeting, 14-05-2024
- Auditor reappointment, Baker Tilly Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Caluwaerts Christian
- Other provision, “aanvaarding commissarismandaat” (deed in Dutch)
24-04
full format · 6 days before the deadline
2023
03-05
full format · 3 days late
2022
05-10
Gazette deed
Capital increase of €300,000 to €4,000,000Reappointments: GUNGOR Taner (director) and GUNGOR Tevhid (director) · Capital conversion · Power of attorney23 points ▸
Gazette deed
Capital increase of €300,000 to €4,000,000
Reappointments: GUNGOR Taner (director) and GUNGOR Tevhid (director) · Capital conversion · Power of attorney23 points ▸
- General meeting, 27-09-2022
- Other provision, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “samenstelling statutair onbeschikbare eigen vermogensrekening”, 105000 (deed in Dutch)
- Other provision, “eigen vermogen statutair onbeschikbaar stellen en behouden” (deed in Dutch)
- Other provision, “beschikbare reserves onbeschikbaar maken”, 1700000 (deed in Dutch)
- Other provision, “wettelijke reserves, vaststelling statutair onbeschikbaar eigen vermogen” (deed in Dutch)
- Power of attorney
- Kind of shares, “alle bestaande aandelen gelijk deel eigen vermogen” (deed in Dutch)
- Other provision, “verzaking aan verslag bestuursorgaan inzake verantwoording uitgifteprijs en gevolgen voor vermogens- en lidmaatschapsrechten, artikel 5:121,§2 WVV” (deed in Dutch)
- Approval
- Capital increase, €300,000
- The act holds 11 more points.
30-09
Financial
Equity above €5mequity €5.1m ▲27.2%
With a profit in every financial year since 2019, equity grows to €5.1m.
12-05
full format · 12 days late
2021
30-09
Financial
Highest result from 2019 to 2025net €1.1m ▲80.8%
The net result of €1.1m is the highest of those years.
30-04
full format · on the deadline day
Show earlier events
2020
27-03
full format · 34 days before the deadline
2019
28-03
full format · 33 days before the deadline
2018
26-03
full format · 35 days before the deadline
2017
31-03
full format · 30 days before the deadline
2003
20-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CLASSIS in Dutch
Enterprise number
0861.007.929
LEI code
549300I2W59DV4DDM611
live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
13-10-2003
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-10-2022 (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, voor zover geen wijziging taalregime”
deed of 05-10-2022 (in Dutch)Registered office and establishments
Registered office
Zeutestraat 5, 2800 Mechelen, Belgium
Establishment unit
CLASSIS, Zeutestraat 5, 2800 Mechelen since 01-11-2003 · unit number 2.134.613.969
Activities
NACEBEL 2025VAT activities
46412
Wholesale of household textiles and bedding main activity
46494
Wholesale of non-electrical household articles
47530
Retail trade
Social security (RSZ) activities
46473
Wholesale trade main activity
Codes under NACEBEL 2008
46412
Wholesale of household textiles and bedding main activity
46494
Wholesale of non-electrical household articles
47530
Retail trade
Codes under NACEBEL 2003
51410
main activity
51471
52486
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
100 Aanvullend Paritair Comité voor de werklieden annual accounts 30-09-2024
Invoicing and payment
VAT number
BE 0861.007.929
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Financial yearThe company draws up its annual accounts over this twelve-month period.
From 1 January to 31 December
deed of 05-10-2026 (in Dutch)Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 05-10-2026 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1.5 ha
Building footprint
7,006 m²
Building volume
77,092 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12403D0169/00B002 | Flanders | 1.5 ha | 1 · 7,006 m² | 12.8 m · 4 |