FLANDERS CLASSICS
ActiveSummary
FLANDERS CLASSICS has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €1.2m. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 70% of 514 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-09-2009 Normal situation
- Registered office
- 13 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Other sports activities NACE 93199and 3 others
- Establishment unit
- 2.181.305.910 1800 Vilvoorde, since 07-09-2009
- Financial year end
- 30 September
- Peppol
- Reachable since 04-09-2025
Board and ownership
Board
- TACK WimDirector · since 22-12-2023
- VANDENHAUTE WouterDirector · since 22-12-2023
- YSEBAERT GertDirector · since 22-12-2023
- Auditor
- Grant Thornton bedrijfsrevisoren
Shareholders
- DE VIJVER99.99%· score 952025 annual accounts of DE VIJVER
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts to 30-09-2025
- Turnover
- €21.6m
- ▲ 1.6%
- Profit
- €1.2m
- ▲ 1.6%
- Equity
- €3.8m
- ▼ 6.3%
- Total assets
- €6.6m
- ▲ 5.4%
- Employees on 30-09-2025
- 28
- ▼ 12.5%
Score breakdownlowers riskSize: turnover €21.6m, 28.5 FTE, total assets €6.6mLiquidity: current ratio 2.44, cash €1.2mEquity €3.8m (57.7% of total assets)Profit of €1.2m (financial year 2025)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of small companies in sports and recreation (NACE 93)
Financial strength · tick: 2024
Strong
Solvency
83-7
equity 57.7% of total assets
Liquidity
55-3
short-term debt 40.1% · cash 18.9%
Profitability
79-1
return on assets 19.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026highest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €350,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.44 (2.88 in 2024), above the usual 1.5. Short-term debt is 40.1% and cash 18.9% of total assets. 42.3% 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 93, small). It does better than 78% of them on solvency, 64% on liquidity, 81% on profitability and 30% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
Credit check for an amount and term of your choice
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 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 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
5 days early
2023
1 day early
2022
3 days early
2021
17 days late
2020
20 days late
2019
28 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 on the deadline day. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% 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 28 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 end03-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 28-04-2026 PDF all 15 filings
Turnover
€21.6m▲ 1.6%
2024 · €21.2m
EBIT margin
7.8%=
2024 · 7.8%
Net result
€1.2m▲ 1.6%
2024 · €1.2m
Working capital
€3.8m▼ 4.5%
2024 · €4.0m
In the rankings
#1 company by total assets in Vilvoorde, Arts, sports and recreation sector#1 company by equity in Vilvoorde, Arts, sports and recreation sector#4 company by staff growth in Flemish Brabant, Sports and recreation sector
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
€21.6m
▲ 1.6%
2025
20192025
Operating result
€1.7m
▲ 1.6%
2025
20192025
Net result
€1.2m
▲ 1.6%
2025
highest quarter of the sector
20192025
EBIT margin
7.8%
=
2025
20192025
Equity
€3.8m
▼ 6.3%
2025
highest quarter of the sector
20192025
Total assets
€6.6m
▲ 5.4%
2025
highest quarter of the sector
20192025
Debt
€2.8m
▲ 27.2%
2025
20192025
Working capital
€3.8m
▼ 4.5%
2025
highest quarter of the sector
20192025
Solvency
57.7%
▼ 7.2pp
2025
middle half of the sector
20192025
Current ratio
2.44
▼ 0.44
2025
middle half of the sector
20192025
Return on assets (ROA)
19.0%
▼ 0.7pp
2025
highest quarter of the sector
20192025
Staff (FTE)
28.5
▼ 1.4%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€21.0m€21.2m▲ 1.4%€21.6m▲ 1.6%
Operating result€0.7m--€0.7m€1.9m€2.6m▲ 40.7%€1.5m▼ 42.0%€1.7m▲ 10.2%€1.7m▲ 1.6%
Net result€0.5m--€0.7mbelow the sector's middle half€1.3mabove the sector's middle half€1.8mabove the sector's middle half▲ 37.7%€1.3mabove the sector's middle half▼ 30.3%€1.2mabove the sector's middle half▼ 3.9%€1.2mabove the sector's middle half▲ 1.6%
EBIT margin7.2%7.8%▲ 0.6pp7.8%=
Equity€1.1m-€0.4mwithin the sector's middle half▼ 65.3%€1.7mabove the sector's middle half▲ 348%€3.5mabove the sector's middle half▲ 107%€4.8mabove the sector's middle half▲ 36.0%€4.0mabove the sector's middle half▼ 16.1%€3.8mabove the sector's middle half▼ 6.3%
Total assets€2.1m-€4.2mabove the sector's middle half▲ 101%€4.7mabove the sector's middle half▲ 10.4%€7.4mabove the sector's middle half▲ 59.9%€8.1mabove the sector's middle half▲ 8.3%€6.2mabove the sector's middle half▼ 22.9%€6.6mabove the sector's middle half▲ 5.4%
Debt€1.0m-€3.8m▲ 284%€2.9m▼ 23.2%€3.7m▲ 24.0%€3.2m▼ 11.2%€2.2m▼ 32.9%€2.8m▲ 27.2%
Working capital€1.0m-€3.2mabove the sector's middle half▲ 206%€2.8mabove the sector's middle half▼ 12.2%€4.2mabove the sector's middle half▲ 50.0%€5.0mabove the sector's middle half▲ 19.6%€4.0mabove the sector's middle half▼ 21.0%€3.8mabove the sector's middle half▼ 4.5%
Solvency52.4%-9.1%within the sector's middle half▼ 43.3pp36.7%within the sector's middle half▲ 27.7pp47.6%within the sector's middle half▲ 10.8pp59.7%within the sector's middle half▲ 12.2pp65.0%above the sector's middle half▲ 5.2pp57.7%within the sector's middle half▼ 7.2pp
Current ratio2.04-4.21above the sector's middle half▲ 2.172.54within the sector's middle half▼ 1.672.30within the sector's middle half▼ 0.242.73above the sector's middle half▲ 0.422.88above the sector's middle half▲ 0.152.44within the sector's middle half▼ 0.44
Return on assets (ROA)21.6%--17.0%below the sector's middle half▼ 38.6pp28.5%above the sector's middle half▲ 45.6pp24.6%above the sector's middle half▼ 4.0pp15.8%above the sector's middle half▼ 8.8pp19.7%above the sector's middle half▲ 3.9pp19.0%above the sector's middle half▼ 0.7pp
Staff (FTE)16.8-19.2above the sector's middle half▲ 14.3%19.5above the sector's middle half▲ 1.6%23.5above the sector's middle half▲ 20.5%25.3above the sector's middle half▲ 7.7%28.9above the sector's middle half▲ 14.2%28.5above the sector's middle half▼ 1.4%
above
within
below
The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). 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 operating result for 2025 is 2% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.6m
Fixed assets
€141,414 ▲ 0.3%
Current assets
€6.4m ▲ 5.5%
Equity and liabilities €6.6m
Equity
€3.8m ▼ 6.3%
Debt
€2.8m ▲ 27.2%
Debt's share of the balance-sheet total rises from 35.0% to 42.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.7m▲
2024 · €1.7m
Cash flow
€1.3m▲
2024 · €1.3m
Debt to equity
0.73▲
2024 · 0.54
ROE
32.9%▲
2024 · 30.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€2.6m▲
2024 · €2.1m
Income taxes
€458,860▲
2024 · €456,957
Customer credit
29 days▼
2024 · 38 days
Supplier credit
50 days▲
2024 · 38 days
Staff costs
€2.0m▲
2024 · €1.9m
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 | 27 | 25 | 25 | 32 | 28 |
| full-time | 25 | 23 | 25 | 31 | 28 |
| part-time | 2 | 2 | - | 1 | - |
| in full-time equivalents | 26.6 | 24.6 | 25 | 31.8 | 28 |
| Average over the year, in full-time equivalents | 19.5 | 23.5 | 25.3 | 28.9 | 28.5 |
| On a permanent contract | 22 | 24 | 25 | 26 | 28 |
| Joined | 15 | 7 | 4 | 22 | 4 |
| Left | 7 | 9 | 4 | 15 | 8 |
| Agency workers, average number | - | - | 0.6 | 1.1 | 0.8 |
| Training hours | - | - | - | 28 | 100 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €31,394 | €3,652 | €135,154 | €47,353 | €51,305 |
| Depreciation and write-downs of the year | €17,137 | €16,833 | €28,612 | €41,855 | €50,844 |
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 | - | - | €11,000 | €11,220 | €11,613 |
| Other work by the auditor | - | - | - | - | €8,245 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €203,500 awarded · €168,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €36,000 | €33,000 |
| 2024 | 1 | €65,000 | €47,500 |
| 2023 | 1 | €65,000 | €65,000 |
| 2022 | 1 | €37,500 | €22,500 |
Public contracts
1 award · 2024
Organisatie WK Cyclocross (veldrijden) op 30/01/2027 en 31/01/2027: 2027-TO-0001/1 - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €21.2m | €21.6m | €21.8m | ▲ 0.8% |
| Turnover70 | - | - | - | - | €21.0m | €21.2m | €21.6m | ▲ 1.6% |
| Other operating income74 | - | - | - | - | €0.3m | €0.4m | €0.2m | ▼ 41.4% |
| Non-recurring operating income76A | - | - | €0.07m | - | - | - | - | - |
| Operating charges60/66A | - | - | - | - | €19.7m | €20.0m | €20.1m | ▲ 0.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €17.1m | €16.6m | €16.6m | ▼ 0.5% |
| Purchases600/8 | - | - | - | - | €17.1m | €16.6m | €16.6m | ▼ 0.5% |
| Services and other goods61 | - | - | - | - | €1.2m | €1.3m | €1.5m | ▲ 14.6% |
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.4m | €1.6m | €1.9m | €2.0m | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.04m | €0.05m | ▲ 21.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.3m | -€0.3m | - | - | - |
| Other operating charges640/8 | - | - | €0.01m | €0.004m | €0.004m | €0.007m | €0.006m | ▼ 23.1% |
| Gross operating margin9900 | €1.6m | €0.1m | €3.0m | €4.2m | - | - | - | - |
| Operating profit (loss)9901 | €0.7m | -€0.7m | €1.9m | €2.6m | €1.5m | €1.7m | €1.7m | ▲ 1.6% |
| Financial income75/76B | - | - | €0.02m | €0.01m | €0.02m | €0.03m | €0.03m | ▼ 17.7% |
| Recurring financial income75 | €2 | €0.01m | €0.02m | €0.01m | €0.02m | €0.03m | €0.03m | ▼ 17.7% |
| Income from current assets751 | - | - | - | - | €0.02m | €0.03m | €0.02m | ▼ 32.6% |
| Other financial income752/9 | - | - | - | - | €393 | €157 | €0.005m | ▲ 32× |
| Financial charges65/66B | - | - | €0.009m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 1.2% |
| Recurring financial charges65 | €0.005m | €0.005m | €0.009m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 1.2% |
| Debt charges650 | - | - | - | - | €0.01m | €0.02m | €0.02m | ▲ 4.0% |
| Other financial charges652/9 | - | - | - | - | €0.002m | €0.002m | €0.001m | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €0.7m | -€0.7m | €1.9m | €2.6m | €1.5m | €1.7m | €1.7m | ▲ 1.3% |
| Income taxes67/77 | €0.2m | -€0.004m | €0.5m | €0.8m | €0.2m | €0.5m | €0.5m | ▲ 0.4% |
| Taxes670/3 | - | - | - | - | €0.3m | €0.5m | €0.5m | ▲ 0.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.04m | - | - | - |
| Profit (loss) for the period9904 | €0.5m | -€0.7m | €1.3m | €1.8m | €1.3m | €1.2m | €1.2m | ▲ 1.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.2m | - | €0.8m | €0.2m | ▼ 74.1% |
| Transfer to tax-exempt reserves689 | - | - | €0.2m | €0.5m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | -€0.7m | €1.1m | €1.4m | €1.3m | €2.0m | €1.5m | ▼ 28.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €4.2m | €4.7m | €7.4m | €8.1m | €6.2m | €6.6m | ▲ 5.4% |
| Fixed assets21/28 | €0.06m | €0.04m | €0.04m | €0.03m | €0.1m | €0.1m | €0.1m | ▲ 0.3% |
| Tangible fixed assets22/27 | €0.06m | €0.04m | €0.04m | €0.03m | €0.1m | €0.1m | €0.1m | ▲ 0.3% |
| Furniture and vehicles24 | - | - | €0.04m | €0.03m | €0.1m | €0.1m | €0.1m | ▲ 0.3% |
| Current assets29/58 | €2.0m | €4.2m | €4.6m | €7.4m | €7.9m | €6.1m | €6.4m | ▲ 5.5% |
| Amounts receivable within one year40/41 | €1.9m | €2.8m | €2.0m | €5.3m | €3.9m | €2.8m | €2.1m | ▼ 25.6% |
| Trade receivables40 | - | - | €1.4m | €4.7m | €1.7m | €2.2m | €1.7m | ▼ 24.6% |
| Other amounts receivable41 | - | - | €0.5m | €0.7m | €2.2m | €0.6m | €0.4m | ▼ 29.6% |
| Current investments50/53 | - | - | - | - | - | €2.0m | €3.0m | ▲ 50.0% |
| Other investments51/53 | - | - | - | - | - | €2.0m | €3.0m | ▲ 50.0% |
| Cash at bank and in hand54/58 | €0.1m | €0.02m | €1.9m | €1.3m | €3.2m | €1.1m | €1.2m | ▲ 9.7% |
| Deferred charges and accrued income490/1 | - | - | €0.7m | €0.7m | €0.8m | €0.1m | €0.06m | ▼ 43.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €4.2m | €4.7m | €7.4m | €8.1m | €6.2m | €6.6m | ▲ 5.4% |
| Equity10/15 | €1.1m | €0.4m | €1.7m | €3.5m | €4.8m | €4.0m | €3.8m | ▼ 6.3% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.5m | €0.5m | €0.7m | €1.1m | €1.1m | €0.3m | €0.09m | ▼ 71.2% |
| Non-distributable reserves130/1 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | €0.6m | €1.0m | €1.0m | €0.2m | - | - |
| Distributable reserves133 | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | €0.5m | -€0.2m | €0.9m | €2.3m | €3.6m | €3.6m | €3.6m | ▼ 1.2% |
| Provisions and deferred taxes16 | - | - | - | €0.3m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.3m | - | - | - | - |
| Amounts payable17/49 | €1.0m | €3.8m | €2.9m | €3.7m | €3.2m | €2.2m | €2.8m | ▲ 27.2% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.8m | €3.2m | €2.9m | €2.1m | €2.6m | ▲ 24.4% |
| Trade debts44 | €0.8m | €0.8m | €1.5m | €2.9m | €2.6m | €1.7m | €2.3m | ▲ 32.5% |
| Suppliers440/4 | - | - | €1.5m | €2.9m | €2.6m | €1.7m | €2.3m | ▲ 32.5% |
| Taxes, remuneration and social security45 | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 9.9% |
| Taxes450/3 | - | - | €0.008m | €0.07m | €0.04m | €0.02m | €0.02m | ▼ 27.7% |
| Remuneration and social security454/9 | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 8.9% |
| Other amounts payable47/48 | - | - | €0.05m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1.1m | €0.4m | €0.3m | €0.07m | €0.1m | ▲ 117% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | -€0.7m | €1.3m | €1.8m | €1.3m | €1.2m | €1.2m | ▲ 1.6% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.04m | €0.05m | ▲ 21.5% |
| Operating cash flow (approximation) | €0.5m | -€0.7m | €1.3m | €1.8m | €1.3m | €1.3m | €1.3m | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€0.005m | -€0.02m | -€0.004m | -€0.1m | -€0.05m | -€0.05m | ▼ 8.3% |
| Change in cash | - | -€0.08m | €1.9m | -€0.6m | €1.9m | -€2.1m | €0.1m | - |
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, 17,811 companies had the same profile as FLANDERS CLASSICS has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of FLANDERS CLASSICS itself: < 0.1% 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 17,811 companies, not a prediction for FLANDERS CLASSICS. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 28-04-2026 | 2026-00091295 | |
| 30-09-2024 | full format | 25-04-2025 | 2025-00078410 | |
| 30-09-2023 | full format | 29-04-2024 | 2024-00080101 | |
| 30-09-2022 | abbreviated format | 27-04-2023 | 2023-00076057 | |
| 30-09-2021 | abbreviated format | 17-05-2022 | 2022-20028117 | |
| 30-09-2020 | abbreviated format | 20-05-2021 | 2021-14600518 | |
| 30-09-2019 | abbreviated format | 02-04-2020 | 2020-08500024 | |
| 30-09-2018 | abbreviated format | 27-03-2019 | 2019-08200359 | |
| 30-09-2017 | abbreviated format | 27-03-2018 | 2018-08400289 | |
| 30-09-2016 | abbreviated format | 24-03-2017 | 2017-07300479 |
Board & ownership
Directors
Directors
4 directors
Board 4
TACK Wim
Current
Director (not named in the articles) · since 22-12-2023 · listed in the 2025 annual accounts, filed on 28-04-2026
VANDENHAUTE Wouter
Current
Director (not named in the articles) · since 22-12-2023 · listed in the 2025 annual accounts, filed on 28-04-2026
YSEBAERT Gert
Current
Director (not named in the articles) · since 22-12-2023 · listed in the 2025 annual accounts, filed on 28-04-2026
ZUMACO
Current
Director (not named in the articles) · since 22-12-2023 · Private limited company (pre-2019) · permanent representative: DE BEUKELAER Kristiaan · also on the board of 7 other companies · listed in the 2025 annual accounts, filed on 28-04-2026
Permanent representatives 1
DE BEUKELAER Kristiaan
Current
Permanent representative · in office according to the act of 18-01-2024 · for ZUMACO
Statutory auditor 1
Grant Thornton bedrijfsrevisoren
Current
Statutory auditor · appointed in the act of 27-03-2024 · permanent representative: Stefaan DE CONINCK
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Two directors jointly, or a managing director alone
deed of 18-01-2024Owners and capital
Shareholders
1 ownerChain of control
- DE VIJVER
- FLANDERS CLASSICS
Owners 1
- DE VIJVERparentSourceaccounts DE VIJVER 2025Equity €3.3m Profit of €441,821 in 2025 (profit of €2.0m in 2024) Checked score 9599.99%
Capital transactions
Capital over time
- 18-01-2024 Capital stated in the deed · €100,000 · 1,000 shares
Mandate history
5 people, 5 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| TACK Wim |
|
| VANDENHAUTE Wouter |
|
| YSEBAERT Gert |
|
| ZUMACO |
|
| Grant Thornton bedrijfsrevisoren |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, algemene vergadering”
Articles of association, deed of 18-01-2024 (in Dutch)
Network & group
Companies at the same address
12 other companies- Masters of Madness Registered office · since 2024 1017059252
- Groep INTRO Maatwerk Establishment · since 2024 0472098703
- EK LIMBURG 2024 Registered office · since 2022 0786987130
- DE VIJVER Registered office · since 2011 0840493518
- WATERMAN & WATERMAN Registered office · since 2011 0835289170
- Primitives Registered office · since 2011 0834756660
- RENNERS IN AANTOCHT Registered office · since 2009 0820796578
- vereniging van mede-eigenaars residentie "Magneet", Harensesteenweg 228-232, 1800 Vilvoorde Registered office · since 2007 0534696068
- TREKIJZER Registered office · since 2005 0877448934
- MaRo Registered office · since 2000 0473053756
Connections & network
7 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ACKROYD PUBLICATIONS NV
Shared corporate director
→
HOUSE OF RECRUITMENT SOLUTIONS
Shared corporate director
→
MEDIAHUIS
Shared corporate director
→
MEDIAHUIS TECHNOLOGY & PRODUCT STUDIO
Shared corporate director
→
Show 3 more companies with a shared director
Rondom Media
Shared corporate director
→
SMOOVED
Shared corporate director
→
WEBPLICATIONS
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
28-04
full format · 2 days before the deadline
2025
25-04
full format · 5 days before the deadline
2024
29-04
full format · 1 day before the deadline
27-03
Gazette deed
Reappointment: GRANT THORNTON Bedrijfsrevisoren (statutory auditor)2 points ▸
Gazette deed
Reappointment: GRANT THORNTON Bedrijfsrevisoren (statutory auditor)
2 points ▸
- General meeting, 13-11-2023
- Auditor reappointment, GRANT THORNTON Bedrijfsrevisoren (statutory auditor)
18-01
Gazette deed
4 reappointedReappointments: ZUMACO, YSEBAERT Gert and 2 others · Permanent representative: DE BEUKELAER Kristiaan · Amendment of the articles11 points ▸
Gazette deed
4 reappointed
Reappointments: ZUMACO, YSEBAERT Gert and 2 others · Permanent representative: DE BEUKELAER Kristiaan · Amendment of the articles11 points ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €100,000
- Director reappointment, ZUMACO (director (not named in the articles))
- Director reappointment, YSEBAERT Gert (director (not named in the articles))
- Director reappointment, VANDENHAUTE Wouter (director (not named in the articles))
- Director reappointment, TACK Wim (director (not named in the articles))
- Permanent representative, DE BEUKELAER Kristiaan
- Other provision, “volledige en algehele kwijting voor uitoefening mandaat, kwijting aan ontslagnemende bestuurders” (deed in Dutch)
- Registered office clause, “1800 Vilvoorde,Harensesteenweg 228” (deed in Dutch)
- Power of attorney
2023
27-04
abbreviated format · 3 days before the deadline
2022
30-09
Financial
Highest result from 2019 to 2025net €1.8m ▲37.7%
The operating result of €2.6m and the net result of €1.8m are both a record.
30-09
Financial
Equity above €2mequity €3.5m ▲107%
After 2 profitable years in a row, equity reaches €3.5m.
17-05
abbreviated format · 17 days late
2021
30-09
Financial
Back to profitnet €1.3m
The net result is €1.3m, after one loss-making year.
30-09
Financial
Equity above €1mequity €1.7m ▲348%
Equity rises from €381,409 to €1.7m.
20-05
abbreviated format · 20 days late
Show earlier events
2020
30-09
Financial
Weakest financial yearnet -€717,797
The net result drops to -€717,797, the lowest from 2019 to 2025. It recovers the following year.
30-09
Financial
Liquidity more than doubledcurrent ratio 4.21
The current ratio rises from 2.04 to 4.21. Short-term debt falls from €998,678 to €991,751.
02-04
abbreviated format · 28 days before the deadline
2019
27-03
abbreviated format · 34 days before the deadline
2018
27-03
abbreviated format · 34 days before the deadline
2017
24-03
abbreviated format · 37 days before the deadline
2009
18-09
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
FLANDERS CLASSICS in Dutch
Enterprise number
0818.388.802
Legal form
Public limited company
Status
Active, normale toestand
Founded
09-09-2009
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-01-2024 (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.
“Harensesteenweg 228, 1800”
deed of 18-01-2024 (in Dutch)Registered office and establishments
Registered office
Harensesteenweg 228, 1800 Vilvoorde, Belgium
Establishment unit
Flanders Classics, Harensesteenweg 228, 1800 Vilvoorde since 07-09-2009 · unit number 2.181.305.910
Activities
NACEBEL 2025VAT activities
93199
Other sports activities main activity
82300
Organisation of conventions and trade shows
82990
Other business support services
93110
Operation of sports facilities
Social security (RSZ) activities
93199
Other sports activities main activity
Codes under NACEBEL 2008
VAT activities
93199
Other sports activities main activity
82300
Organisation of conventions and trade shows
82990
Other business support services
93110
Operation of sports facilities
Social security (RSZ) activities
93199
Other sports activities main activity
Invoicing and payment
VAT number
BE 0818.388.802
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of March
deed of 18-01-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1.2 ha
Building footprint
3,208 m²
Building volume
42,082 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23644H0251/00N000 | Flanders | 1.2 ha | 1 · 3,208 m² | 17.0 m · 4 |