Financials
- Financial year
- 2025
- Turnover
- €65.1m
- Profit
- €801,700
- Solvency
- -6.8%
Turnover▼ 3.2%
Net result
20182025
CLUB
ActiveSummary
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 is growing by about 3.1% per year across the filed financial years. Its solvency ranks better than 7% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Wholesale trade
NACE 46492Retail trade NACE 47610
39 sites
Size
€65.1mturnover 2025
- Staff
- 162 FTE
- Equity
- -€1.2m
- Profit
- €801,700
Structure
- Largest shareholder
- STANDAARD BOEKHANDEL · 50%
- Board
- 7 members
- HEREMANS CONSULT BVChair · permanent representative Willem Heremans
- CERVINO CONSULTING SRLManaging director · permanent representative LENAERTS Carl
2025 accounts 72 days early
Why 54raises 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 better than 34% of its sector peers (NACE 46, medium-sized)
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, 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 tight (current ratio 1.34, compared with 1.35 in 2024, below the usual 1.5; short-term debt: 69.2% and cash: 14.7% of total assets), and equity is negative.
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 46, medium-sized): better than 3% on solvency, 37% on liquidity, 36% on profitability and 61% on growth.
The bankruptcy probability was computed on 28-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 6142 sector peers (2025).
NBB · sector comparisonPosition among 6142 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
This company filed its last 7 accounts on average 76 days before the deadline; the sector median (NACE 46) for financial year 2024 is 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
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Permanent representatives: Leen Defoer and Brecht…Power of attorney
- Annual accounts filedfinancial year 2025 · full…
- Resignation: KAGEKASBIS BV (director)Appointments: COREMA BV (director) and…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€1.2m View
- Positive: Result rose in 2025from €199,452 to €801,700 ▲ 302% View
- Caution: Among the weakest 5% on equitysector median €1.6m · 6,075 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 · 7 in office 1 joined View
- Known shareholderslargest: STANDAARD BOEKHANDEL 50% 100% View
- Active since 1975founded 23-06-1975 51 years View
By topic
Board & ownership
- Board
- 7 members
- Largest shareholder
- STANDAARD BOEKHANDEL · 50%
- Known shareholders
- 100%
- HEREMANS CONSULT BVChair
- KAGEKASBIS SRLChair
- UNAWATUNAManaging director
- ACSEDirector
- DMTSDirector
and 2 other directors
Network & group
- Connected companies
- 40
- Mergers and asset contributions
- 1
Timeline
- Events
- 88
- Since
- 1979
- Next accounts
- by 31-07-2027
- 31-12-2025Highest result from 2018 to 2025
- 28-10-2025Resignation: ASCE SRL (director)
- 10-07-2025Reappointments: Heremans Consult BV (director) and EY…
Company details
- Sites
- 39
- Legal form
- Public limited company
- Activity
- Wholesale tradeNACE 46492
- Founded
- 23-06-1975
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 43
- Annual meeting
- Second Friday of April at 13:30
- Purpose
- “Livres, journaux et périodiques, agendas, calendriers, cours, fournitures d'école et de…” (deed in French)
Key facts about CLUB
- What is the company number of CLUB?
- 0415.167.423. In Belgium the VAT number is the company 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?
- Public limited company (NV).
- When was CLUB 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?
- On average 162 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CLUB?
- €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.
- When are the next annual accounts of CLUB due?
- By 31-07-2027, for financial year 2026.Timeline
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