CLUB
ActiveFrom the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CLUB has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.2m) and a net result of €801,700. Equity has been growing by about 3.1% per year since 2018. Its solvency ranks better than 7% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
KBO- Status
- Active since 23-06-1975 Normal situation
- Legal form
- Public limited company
- Registered office
- Sylvain Dupuislaan 399, 1070 Anderlecht
- Activity
- Wholesale trade NACE 46492and 2 others
- Establishment units
- 39 establishment units
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Board and ownership
Board
- KAGEKASBIS SRLChair · permanent representative Frans Schotte
- HEREMANS CONSULT BVChair · permanent representative Willem Heremans
- UNAWATUNAManaging director · permanent representative Veerle De Witte
- CERVINO CONSULTING SRLManaging director · permanent representative LENAERTS Carl
Shareholders
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
Annual accounts 2025
- Turnover
- €65.1m
- ▼ 3.2%
- Profit
- €801,700
- ▲ 302%
- Equity
- -€1.2m
- ▲ 40.7%
- Total assets
- €17.1m
- ▲ 13.6%
- Staff
- 162 FTE
- ▼ 5.9%
2025 accounts filed 72 days before the deadline
Filed on 20-05-2026PDF
Score breakdownraises riskCapped at 59: negative equityNegative equity -€1.2mlowers riskSize: turnover €65.1m, 162 FTE, total assets €17.1mProfit of €801,700 (financial year 2025)Founded in 1975Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 35% of medium-sized companies in wholesale trade (NACE 46)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
18+6
equity -6.8% of total assets
Liquidity
31+1
short-term debt 69.2% · cash 14.7%
Profitability
55-2
return on assets 4.7%
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
11-2024: 0.8%
12-2024: 0.8%● unchanged vs 11-2024
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.7%▼ -0.2 percentage points vs 02-2026
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.4%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity is tight, with a current ratio of 1.34 (1.35 in 2024), below the usual 1.5. Short-term debt is 69.2% and cash 14.7% of total assets. Equity is negative.
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, medium-sized). It does better than 4% of them on solvency, 37% on liquidity, 37% on profitability and 61% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 6167 sector peers (2025).
NBB · sector comparisonPosition among 6167 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 days early
2024
77 days early
2023
75 days early
2022
97 days early
2021
87 days early
2020
53 days early
2019
74 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 76 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€1.2m View
- Positive: Result rose in 2025from €199,452 to €801,700 ▲ 302% View
- Caution: Less equity than 95% of companies in wholesale tradesector median €1.6m · 6,099 companies -€1.2m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- New directorlatest change 01-01-2026 · 6 in office 1 joined View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 20-05-2026
- Annual accounts 2024filed on 15-05-2025
- Annual accounts 2023filed on 17-05-2024
- Annual accounts 2022filed on 25-04-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 10-06-2026
- Resignations & appointmentsact of 14-04-2026
- Resignations & appointmentsact of 28-10-2025
- Resignations & appointmentsact of 10-07-2025
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about CLUB
- What is the company number of CLUB?
- The company number of CLUB is 0415.167.423. The VAT number is the same number with BE in front: BE 0415.167.423.
- Where is CLUB based?
- The registered office is at Sylvain Dupuislaan 399, 1070 Anderlecht.Company details
- What does CLUB do?
- According to the KBO register, the main activity is wholesale trade (NACE 46492).
- What is the legal form of CLUB?
- The legal form of CLUB is Public limited company (NV).
- When was CLUB founded?
- CLUB was founded on 23-06-1975.
- Is CLUB still active?
- Yes, CLUB is an active enterprise in the KBO register.
- How many employees does CLUB have?
- CLUB had an average of 162 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CLUB?
- The turnover of CLUB was €65.1m in financial year 2025, according to the filed annual accounts.
- Is CLUB profitable?
- In financial year 2025, CLUB made a profit of €801,700.
- Where can I find the annual accounts of CLUB?
- CLUB filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of CLUB due?
- CLUB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Companies linked to CLUB
Comparable companies
These companies have the same main activity as CLUB: wholesale trade (NACE 46492). They are comparable in size and age: total assets between €8.9m and €49m, founded between 1931 and 1985.
| Company | Total assets | Turnover |
|---|---|---|
| CLUB Anderlecht | €17.1m | €65.1m |
| PBS Belgium Deinze | €20.1m | €39.4m |
| Papyrus Belgium Papier Dilbeek | €17.4m | €52.2m |
| AVA - PAPIERWAREN Temse | €48.9m | €99.4m |
| BAERT Ternat | €10.2m | €21.2m |
| PELEMAN INDUSTRIES Puurs-Sint-Amands | €21.5m | €12.3m |
| Antalis Elsene | €8.9m | €30.3m |
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