Fine CLassics
ActiveSummary
Fine CLassics has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80,184 and a net result of -€6,229. Equity is shrinking by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▲+7
Solvency26=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.01 in 2024; short-term debt: 98.7% and cash: 0.7% of total assets), and 98.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,229
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 4235 sector peers (2025).
NBB · sector comparisonPosition among 4235 sector peers
Solvency
better than 13%
← 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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
21 d early
2023
15 d early
2022
26 d early
2021
16 d early
2020
79 d late
2019
137 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€8.6m▲ 63.3%
2020 · €5.2m
EBIT margin
1.8%▲ 7.3pp
2020 · -5.5%
Net result
-€6,229▲ 92.4%
2024 · -€82,236
Working capital
€41,857▼ 9.3%
2024 · €46,171
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€8.6m▲ 63.3%
Operating result€151,592€51,848▼ 65.8%€12,924▼ 75.1%€22,107▲ 71.1%€68,740▲ 211%
Net result€103,041within the sector's middle half€17,281within the sector's middle half▼ 83.2%-€107,776below the sector's middle half-€82,236below the sector's middle half▲ 23.7%-€6,229below the sector's middle half▲ 92.4%
EBIT margin1.8%▲ 7.3pp
Equity€259,144within the sector's middle half▲ 66.0%€276,425within the sector's middle half▲ 6.7%€168,649within the sector's middle half▼ 39.0%€86,413below the sector's middle half▼ 48.8%€80,184below the sector's middle half▼ 7.2%
Total assets€10.7mabove the sector's middle half▲ 35.3%€8.7mabove the sector's middle half▼ 18.8%€8.1mabove the sector's middle half▼ 7.2%€6.1mabove the sector's middle half▼ 24.0%€6.1mabove the sector's middle half=
Debt€10.4m▲ 34.7%€8.4m▼ 19.4%€7.9m▼ 6.1%€6.0m▼ 23.4%€6.0m▲ 0.1%
Working capital€222,394within the sector's middle half▲ 89.1%€236,705within the sector's middle half▲ 6.4%€129,678within the sector's middle half▼ 45.2%€46,171within the sector's middle half▼ 64.4%€41,857within the sector's middle half▼ 9.3%
Solvency2.4%below the sector's middle half▲ 0.4pp3.2%below the sector's middle half▲ 0.8pp2.1%below the sector's middle half▼ 1.1pp1.4%below the sector's middle half▼ 0.7pp1.3%below the sector's middle half▼ 0.1pp
Current ratio1.02within the sector's middle half▲ 0.011.03below the sector's middle half▲ 0.011.02below the sector's middle half▼ 0.011.01below the sector's middle half▼ 0.011.01within the sector's middle half=
Return on assets (ROA)1.0%within the sector's middle half▲ 5.3pp0.2%below the sector's middle half▼ 0.8pp-1.3%below the sector's middle half▼ 1.5pp-1.3%below the sector's middle half=-0.1%within the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 211% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets
€38,327 ▼ 4.8%
Current assets
€6.1m =
Equity and liabilities €6.1m
Equity
€80,184 ▼ 7.2%
Debt
€6.0m ▲ 0.1%
Debt's share of the balance-sheet total rises from 98.6% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70,655▲
2024 · €24,636
Cash flow
-€4,314▲
2024 · -€79,707
Quick ratio
0.28▲
2024 · 0.28
Debt to equity
75.45▲
2024 · 69.95
ROE
-7.8%▲
2024 · -95.2%
Interest coverage
0.94▲
2024 · 0.24
Debt ≤ 1 year
€6.0m▲
2024 · €6.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 108 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 94% are still going.
- Medium-sized
- 10 to 20 years old
- solvency under 10%
- a small loss
0.9%
went bankrupt
5.6%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 108 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.6m | - | - | - | - | - |
| Turnover70 | €8.6m | - | - | - | - | - |
| Non-recurring operating income76A | €17,500 | - | - | €500,000 | €390,000 | ▼ 22.0% |
| Operating charges60/66A | €8.4m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €8.0m | - | - | - | - | - |
| Purchases600/8 | €7.9m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | €77,495 | - | - | - | - | - |
| Services and other goods61 | €470,796 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,891 | €1,210 | €1,861 | €2,529 | €1,915 | ▼ 24.3% |
| Other operating charges640/8 | €4,422 | €4,330 | €5,527 | €6,177 | €5,615 | ▼ 9.1% |
| Non-recurring operating charges66A | - | - | €19,207 | - | - | - |
| Gross operating margin9900 | - | €57,387 | €39,520 | €30,813 | €76,271 | ▲ 148% |
| Operating profit (loss)9901 | €151,592 | €51,848 | €12,924 | €22,107 | €68,740 | ▲ 211% |
| Financial income75/76B | - | €79 | - | - | €42 | - |
| Recurring financial income75 | - | €79 | - | - | €42 | - |
| Financial charges65/66B | €48,551 | €34,646 | €120,700 | €104,343 | €75,011 | ▼ 28.1% |
| Recurring financial charges65 | €48,551 | €34,646 | €120,700 | €104,343 | €75,011 | ▼ 28.1% |
| Debt charges650 | €28,963 | - | - | - | - | - |
| Other financial charges652/9 | €19,587 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €103,041 | €17,281 | -€107,776 | -€82,236 | -€6,229 | ▲ 92.4% |
| Profit (loss) for the period9904 | €103,041 | €17,281 | -€107,776 | -€82,236 | -€6,229 | ▲ 92.4% |
| Profit (loss) for the period to be appropriated9905 | €103,041 | €17,281 | -€107,776 | -€82,236 | -€6,229 | ▲ 92.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.7m | €8.7m | €8.1m | €6.1m | €6.1m | = |
| Fixed assets21/28 | €36,750 | €39,720 | €38,971 | €40,242 | €38,327 | ▼ 4.8% |
| Tangible fixed assets22/27 | €36,750 | €39,720 | €38,971 | €40,242 | €38,327 | ▼ 4.8% |
| Plant, machinery and equipment23 | €2,081 | €1,377 | €1,692 | €4,007 | €2,927 | ▼ 26.9% |
| Furniture and vehicles24 | €0 | €3,903 | €3,067 | €2,231 | €1,395 | ▼ 37.5% |
| Other tangible fixed assets26 | €34,668 | €34,440 | €34,212 | €34,005 | €34,005 | = |
| Current assets29/58 | €10.7m | €8.6m | €8.0m | €6.1m | €6.1m | = |
| Stocks and contracts in progress3 | €4.8m | €5.4m | €4.7m | €4.4m | €4.4m | ▼ 0.2% |
| Stocks30/36 | €4.8m | €5.4m | €4.7m | €4.4m | €4.4m | ▼ 0.2% |
| Goods purchased for resale34 | €4.8m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €5.4m | €2.7m | €2.8m | €1.5m | €1.7m | ▲ 9.0% |
| Trade receivables40 | €5.3m | €2.6m | €2.8m | €1.5m | €1.6m | ▲ 7.9% |
| Other amounts receivable41 | €179,742 | €50,000 | €198 | - | €16,539 | - |
| Cash at bank and in hand54/58 | €386,232 | €489,159 | €443,248 | €178,288 | €45,813 | ▼ 74.3% |
| Deferred charges and accrued income490/1 | €43,896 | €14,256 | €20,395 | €13,901 | €18,345 | ▲ 32.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.7m | €8.7m | €8.1m | €6.1m | €6.1m | = |
| Equity10/15 | €259,144 | €276,425 | €168,649 | €86,413 | €80,184 | ▼ 7.2% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Non-distributable reserves130/1 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Legal reserve130 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€70,856 | -€53,575 | -€161,351 | -€243,587 | -€249,816 | ▼ 2.6% |
| Amounts payable17/49 | €10.4m | €8.4m | €7.9m | €6.0m | €6.0m | ▲ 0.1% |
| Amounts payable within one year42/48 | €10.4m | €8.4m | €7.9m | €6.0m | €6.0m | ▲ 0.1% |
| Financial debts43 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Credit institutions430/8 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Trade debts44 | €3.7m | €2.0m | €1.6m | €904,060 | €1.1m | ▲ 23.2% |
| Suppliers440/4 | €3.7m | €2.0m | €1.6m | €904,060 | €1.1m | ▲ 23.2% |
| Advances received on contracts in progress46 | €1.3m | €890,101 | €1.1m | €420,000 | €610,000 | ▲ 45.2% |
| Taxes, remuneration and social security45 | - | €31,177 | €57,729 | €4,826 | - | - |
| Taxes450/3 | - | €31,177 | €57,729 | €4,826 | - | - |
| Other amounts payable47/48 | €3.4m | €3.5m | €3.2m | €2.7m | €2.3m | ▼ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,041 | €17,281 | -€107,776 | -€82,236 | -€6,229 | ▲ 92.4% |
| + Depreciation and write-downs630 | €3,891 | €1,210 | €1,861 | €2,529 | €1,915 | ▼ 24.3% |
| Operating cash flow (approximation) | €106,932 | €18,491 | -€105,914 | -€79,707 | -€4,314 | ▲ 94.6% |
| Investment in fixed assets (approximation) | - | -€4,180 | -€1,112 | -€3,800 | €0 | ▲ 100% |
| Change in cash | - | €102,927 | -€45,912 | -€264,960 | -€132,475 | ▲ 50.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €103,041
Net result €103,041 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €259,144 ▲66%
Equity rises from €156,103 to €259,144.
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 79 days late
2020
31-12
Financial
Weakest financial yearnet -€341,285
Net result drops to -€341,285, the lowest in the series; recovery starts the following year.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 137 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2013
Ground area
3,569 m²
Building footprint
1,111 m²
Volume, LiDAR
6,195 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Fine Classics
since 20132.219.615.762
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039D0569/00E003 | Flanders | 2,568 m² | 1 · 890 m² | 9.6 m · 2 fl. |
| 31039D0568/00F000 | Flanders | 1,001 m² | 1 · 221 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
25%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of Fine CLassics and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,227. 3,546 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0533740124
Registered
03-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.