CLASSO
ActiveSummary
CLASSO has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €172,568. Equity is growing by about 8.4% per year across the filed financial years. Its solvency ranks better than 93% of 5,019 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 2.6 FTE
- Equity
- €1.4m
- Profit
- €172,568
- Parent
- COSICO · 99.2%
Why 96raises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 6.90, cash €377,858Founded in 1990Equity €1.4m (86.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 92% on solvency, 81% on liquidity, 74% on profitability and 31% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen four years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €500 | €2,714 | €2,478 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €163,830 | €175,138 | €191,323 | €196,536 | €177,451 | ▼ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,056 | €36,630 | €22,070 | €13,837 | €15,271 | €35,801 | €37,863 | €35,540 | ▼ 6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €7,077 | €4,802 | -€8,109 | €7,401 | -€10,415 | - |
| Other operating charges640/8 | - | - | - | €6,172 | €5,538 | €7,165 | €5,498 | €5,619 | ▲ 2.2% |
| Gross operating margin9900 | €403,216 | €299,019 | €571,711 | €592,959 | €569,351 | €541,888 | €461,467 | €412,629 | ▼ 10.6% |
| Operating profit (loss)9901 | €208,376 | €111,624 | €413,352 | €402,043 | €368,603 | €315,707 | €214,170 | €204,435 | ▼ 4.5% |
| Financial income75/76B | - | - | - | €34,617 | €24,711 | €24,193 | €29,681 | €31,260 | ▲ 5.3% |
| Recurring financial income75 | €24,133 | €17,006 | €25,144 | €34,617 | €24,711 | €24,193 | €29,681 | €31,260 | ▲ 5.3% |
| Financial charges65/66B | - | - | - | €1,844 | €971 | €3,492 | €1,734 | €686 | ▼ 60.4% |
| Recurring financial charges65 | €2,113 | €1,830 | €3,440 | €1,844 | €971 | €3,492 | €1,734 | €686 | ▼ 60.4% |
| Profit (loss) for the period before taxes9903 | €230,396 | €126,800 | €435,057 | €434,815 | €392,343 | €336,408 | €242,118 | €235,008 | ▼ 2.9% |
| Income taxes67/77 | €72,462 | €43,358 | €107,039 | €107,570 | €100,291 | €86,885 | €64,501 | €62,440 | ▼ 3.2% |
| Profit (loss) for the period9904 | €157,934 | €83,442 | €328,017 | €327,245 | €292,052 | €249,523 | €177,617 | €172,568 | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €157,934 | €83,442 | €328,017 | €327,245 | €292,052 | €249,523 | €177,617 | €172,568 | ▼ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.2m | €1.6m | €1.9m | €1.6m | €1.5m | €1.8m | €1.7m | ▼ 4.9% |
| Fixed assets21/28 | €0.07m | €0.04m | €0.06m | €0.05m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 36.2% |
| Tangible fixed assets22/27 | €0.07m | €0.04m | €0.06m | €0.05m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 36.3% |
| Land and buildings22 | - | - | - | €0.008m | €0.005m | €0.002m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.008m | €0.02m | €0.03m | €0.02m | €0.02m | ▼ 28.5% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.09m | €0.1m | €0.07m | €0.04m | ▼ 38.9% |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | €149 | €149 | €149 | = |
| Current assets29/58 | €1.0m | €1.2m | €1.5m | €1.8m | €1.5m | €1.4m | €1.7m | €1.6m | ▼ 3.0% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.4m | €0.6m | €0.6m | €0.5m | €0.6m | €0.4m | ▼ 26.8% |
| Stocks30/36 | - | - | - | €0.6m | €0.6m | €0.5m | €0.6m | €0.4m | ▼ 26.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.1m | €0.07m | €0.1m | €0.1m | €0.1m | ▲ 4.0% |
| Trade receivables40 | - | - | - | €0.08m | €0.07m | €0.1m | €0.08m | €0.07m | ▼ 5.1% |
| Other amounts receivable41 | - | - | - | €0.04m | €42 | €215 | €0.02m | €0.03m | ▲ 34.3% |
| Current investments50/53 | - | - | - | - | - | €0.3m | €0.7m | €0.7m | ▼ 5.8% |
| Cash at bank and in hand54/58 | €0.4m | €0.6m | €0.9m | €1.2m | €0.8m | €0.5m | €0.2m | €0.4m | ▲ 71.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 44.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.6m | €1.9m | €1.6m | €1.5m | €1.8m | €1.7m | ▼ 4.9% |
| Equity10/15 | €0.8m | €0.9m | €1.2m | €1.5m | €1.3m | €1.3m | €1.5m | €1.4m | ▼ 5.1% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.7m | €0.8m | €1.1m | €1.5m | €1.3m | €1.3m | €1.4m | €1.4m | ▼ 5.4% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Distributable reserves133 | - | - | - | €1.5m | €1.3m | €1.3m | €1.4m | €1.4m | ▼ 5.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 3.6% |
| Amounts payable after more than one year17 | €0.08m | €0.05m | €0.02m | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 3.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0 | - | - | - | - |
| Trade debts44 | €0.08m | €0.06m | €0.08m | €0.09m | €0.03m | €0.02m | €0.03m | €0.01m | ▼ 53.1% |
| Suppliers440/4 | - | - | - | €0.09m | €0.03m | €0.02m | €0.03m | €0.01m | ▼ 53.1% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 21.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.07m | €0.07m | €0.08m | €0.06m | ▼ 27.1% |
| Taxes450/3 | - | - | - | €0.06m | €0.03m | €0.05m | €0.04m | €0.04m | ▲ 0.5% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.04m | €0.02m | €0.04m | €0.02m | ▼ 55.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | €311 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,934 | €83,442 | €328,017 | €327,245 | €292,052 | €249,523 | €177,617 | €172,568 | ▼ 2.8% |
| + Depreciation and write-downs630 | €46,056 | €36,630 | €22,070 | €13,837 | €15,271 | €35,801 | €37,863 | €35,540 | ▼ 6.1% |
| Operating cash flow (approximation) | €203,990 | €120,072 | €350,088 | €341,082 | €307,323 | €285,325 | €215,480 | €208,108 | ▼ 3.4% |
| Investment in fixed assets (approximation) | - | €0 | -€46,252 | -€4,956 | -€76,144 | -€55,535 | -€4,799 | €0 | - |
| Change in cash | - | €223,077 | €343,852 | €218,949 | -€397,065 | -€281,619 | -€265,992 | €157,828 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-07-2026 | 2026-00307929 |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00194397 |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00157503 |
| 31-12-2022 | abbreviated format | 04-07-2023 | 2023-00198069 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20105008 |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-25000092 |
| 31-12-2019 | abbreviated format | 26-06-2020 | 2020-20700258 |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-49000288 |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-34900533 |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-33100468 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Colette BRUGGEMAN |
|
| JANSSENS Koenraad Georges Jozef Germaine |
|
| Sofie BRUGGEMAN |
|
| VERMEULEN Omer Rudy Georges |
|
Owners and capital
Owners
1 ownerChain of control
- COSICO
- CLASSO
Highest known parent: COSICO. The sources do not say who stands above it.
Owners 1
- COSICOparent99.2%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 09-06-2023 Capital stated in the deed · €81,000 · 250 shares
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
09-06
Gazette deed
Resignations: Colette BRUGGEMAN, Sofie BRUGGEMAN and 2 othersAppointments: Colette BRUGGEMAN, Sofie BRUGGEMAN and 2 others · Amendment of the articles · Capital27 facts ▸
- General meeting, 24-05-2023 (2 times)
- Amendment of the articles (2 times)
- Other provision, “vaststelling tekst nieuwe statuten, tekst van de nieuwe statuten luidt als volgt” (deed in Dutch)
- Capital, €81,000
- Registered office clause, “9080 Lochristi,Antwerpse Steenweg 97” (deed in Dutch)
- Power of attorney
- Power of attorney, Annelies Wylleman
- Director resignation, Colette BRUGGEMAN (director)
- Director resignation, Sofie BRUGGEMAN (director)
- Director resignation, JANSSENS Koenraad Georges Jozef Germaine (director)
- Director resignation, VERMEULEN Omer Rudy Georges (director)
- Director discharge, Colette BRUGGEMAN (director)
- +15 further facts in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44034C0959/00H002 | Flanders | 547 m² | 1 · 372 m² | 13.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De klein- en groothandel in meubelen, kleinmeubelen, fantasieartikelen, binnenhuisdecoratie, stoffen, linnen en alle aanverwante artikelen…” (deed in Dutch)
4 activities (deed in Dutch)
- De klein- en groothandel in meubelen, kleinmeubelen, fantasieartikelen, binnenhuisdecoratie, stoffen, linnen en alle aanverwante artikelen, alsmede het ontwerpen en uitvoeren van binnenhuisinrichting en het optreden als tussenhandelaar
- De leiding, toezicht, in haar hoedanigheid van bestuurder, vereffenaar of anderszins, kunnen uitoefenen over, en advies verschaffen aan aanverwante ondernemingen en dochter-vennootschappen
- Alle roerende, onroerende, financiële, industriële, commerciële of burgerrechtelijke verrichtingen doen, binnen de perken van haar voorwerp, zowel in België als in het buitenland
- Deelnemen bij wijze van inbreng, overdracht, samensmelting, inschrijving, participatie, financiële tussenkomst of op andere wijze in alle vennootschappen, ondernemingen of verrichtingen die een gelijkaardig of verwant doel hebben of die van aard zijn de verwezenlijking van haar doel te bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CLASSO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Hoogstens zes jaar, minimum aantal leden door wet voorgeschreven” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding en vereffening in één akte mogelijk, een of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen” (deed in Dutch)