HISPANTICS
ActiveSummary
The computed 12-month bankruptcy probability of HISPANTICS is 2.0% (moderate). The 2025 annual accounts show negative equity (-€465,366) and a net result of -€223,498. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 8% of 12,781 sector peers (NACE 47, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-12-1987 Normal situation
- Activity
- Retail sale of antiques NACE 47791and 4 others
- Establishment unit
- 2.032.552.054 2110 Wijnegem, since 13-01-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Board and ownership
- Stefan VanderlindenManaging director
- Jorinde JanssenDirector · since 01-06-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.0%
- Gross margin
- -€119,939
- Loss
- €223,498
- ▲ 120%
- Equity
- -€465,366
- ▼ 92.4%
- Total assets
- €1.4m
- ▲ 22.4%
- Negative equity on 31-12-2025
- 2025 accounts filed 10 days after the deadline
Score breakdownraises riskLoss of €223,498, the second in a row (financial year 2025)Negative equity -€465,366Sector: Retail trade (NACE 47)lowers riskSize: total assets €1.4mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 6% of them on solvency, 21% on liquidity, 6% on profitability and 6% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 65 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 10 days after the deadline Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397039.
Annual accounts 2025 filed on 10-08-2026 at the NBB all 38 filings
Every figure per financial year
The operating result for 2025 is a loss of €219,618, larger than the loss of €106,114 in 2024. It is the lowest result since 2020.
- 2025 Net result -120% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €4,720 | €9,520 | €6,244 | €9,279 |
| Financial fixed assets | €180 | - | - | - |
| Depreciation and write-downs of the year | €33,009 | €65,360 | €58,218 | €58,926 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €2,000 awarded · €2,000 paid| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €347,363 | €8,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107,152 | €106,980 | €106,128 | €33,009 | €65,360 | €58,218 | €58,926 | ▲ 1.2% |
| Other operating charges640/8 | - | - | - | €72,964 | €45,507 | €84,785 | €40,753 | ▼ 51.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €2,000 | - | - |
| Gross operating margin9900 | €89,505 | €38,321 | €60,741 | €355,313 | €99,789 | €38,889 | -€119,939 | - |
| Operating profit (loss)9901 | -€50,175 | -€104,706 | -€80,569 | €249,340 | -€11,078 | -€106,114 | -€219,618 | ▼ 107% |
| Financial income75/76B | - | - | - | €3 | €939 | €10,170 | €909 | ▼ 91.1% |
| Recurring financial income75 | €149 | €2 | €225 | €3 | €939 | €570 | €909 | ▲ 59.4% |
| Non-recurring financial income76B | - | - | - | - | - | €9,600 | - | - |
| Financial charges65/66B | - | - | - | €26,030 | €11,775 | €8,612 | €7,638 | ▼ 11.3% |
| Recurring financial charges65 | €29,598 | €30,526 | €24,214 | €26,030 | €11,775 | €8,612 | €7,638 | ▼ 11.3% |
| Profit (loss) for the period before taxes9903 | -€79,624 | -€135,231 | -€104,557 | €223,313 | -€21,914 | -€104,556 | -€226,347 | ▼ 116% |
| Transfer from deferred taxes780 | - | - | - | €2,849 | €2,849 | €2,849 | €2,849 | = |
| Income taxes67/77 | €104 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€76,879 | -€132,381 | -€101,708 | €226,163 | -€19,064 | -€101,707 | -€223,498 | ▼ 120% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,649 | €6,649 | €6,649 | €6,649 | = |
| Profit (loss) for the period to be appropriated9905 | -€70,230 | -€125,732 | -€95,059 | €232,812 | -€12,415 | -€95,058 | -€216,849 | ▼ 128% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.6m | €1.5m | €1.6m | €1.3m | €1.3m | €1.2m | €1.4m | ▲ 22.4% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.3m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.3m | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 5.0% |
| Land and buildings22 | - | - | - | €1.1m | €1.1m | €1.0m | €0.9m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | - | €0.003m | €0.003m | €0.002m | ▼ 26.1% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.005m | €0.004m | €0.002m | ▼ 41.3% |
| Financial fixed assets28 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 195% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 0.7% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 0.7% |
| Amounts receivable within one year40/41 | €0.08m | €0.05m | €0.06m | €0.06m | €0.08m | €0.06m | €0.1m | ▲ 72.4% |
| Trade receivables40 | - | - | - | €0.05m | €0.06m | €0.06m | €0.08m | ▲ 28.5% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | - | €0.03m | - |
| Cash at bank and in hand54/58 | €275 | €0.008m | €0.03m | €0.007m | €0.004m | €0.001m | €0.3m | ▲ 177× |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.004m | €0.006m | €0.006m | ▲ 2.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.6m | €1.3m | €1.3m | €1.2m | €1.4m | ▲ 22.4% |
| Equity10/15 | -€0.01m | -€0.1m | -€0.2m | -€0.1m | -€0.1m | -€0.2m | -€0.5m | ▼ 92.4% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 4.7% |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 4.7% |
| Profit (loss) carried forward14 | -€0.3m | -€0.4m | -€0.5m | -€0.4m | -€0.4m | -€0.5m | -€0.7m | ▼ 46.9% |
| Provisions and deferred taxes16 | €0.08m | €0.07m | €0.07m | €0.07m | €0.06m | €0.06m | €0.06m | ▼ 4.7% |
| Deferred taxes168 | - | - | - | €0.07m | €0.06m | €0.06m | €0.06m | ▼ 4.7% |
| Amounts payable17/49 | €1.6m | €1.6m | €1.7m | €1.4m | €1.3m | €1.3m | €1.8m | ▲ 36.3% |
| Amounts payable after more than one year17 | €0.8m | €0.7m | €0.7m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 16.6% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 18.1% |
| Other amounts payable178/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 5.4% |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €1.0m | €0.9m | €0.9m | €1.0m | €1.5m | ▲ 56.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | ▲ 1.6% |
| Financial debts43 | - | - | - | €0.01m | €0.009m | €0.009m | - | - |
| Credit institutions430/8 | - | - | - | €0.01m | €0.009m | €0.009m | - | - |
| Trade debts44 | €0.04m | €0.02m | €0.08m | €0.09m | €0.07m | €0.04m | €0.06m | ▲ 66.7% |
| Suppliers440/4 | - | - | - | €0.09m | €0.07m | €0.04m | €0.06m | ▲ 66.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | €0.002m | €0.002m | - | - |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | €0.002m | - | - |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.8m | €0.9m | €1.4m | ▲ 61.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €433 | €0.004m | €433 | ▼ 90.2% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€76,879 | -€132,381 | -€101,708 | €226,163 | -€19,064 | -€101,707 | -€223,498 | ▼ 120% |
| + Depreciation and write-downs630 | €107,152 | €106,980 | €106,128 | €33,009 | €65,360 | €58,218 | €58,926 | ▲ 1.2% |
| Operating cash flow (approximation) | €30,273 | -€25,401 | €4,420 | €259,171 | €46,296 | -€43,488 | -€164,572 | ▼ 278% |
| Investment in fixed assets (approximation) | - | -€144 | -€102,382 | - | -€9,520 | €16,156 | -€9,279 | - |
| Change in cash | - | €7,318 | €26,809 | - | -€3,173 | -€2,202 | €261,848 | - |
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, 678 companies had the same profile as HISPANTICS has now. Two years later, 84.5% were still going and 6.8% had gone bankrupt.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HISPANTICS itself: 2.0% 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 678 companies, not a prediction for HISPANTICS. 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 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-08-2026 | 2026-00397039 | |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00520105 | |
| 31-12-2023 | abbreviated format | 25-09-2025 | 2025-00520222 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00492469 | |
| 31-12-2022 | micro format | 13-10-2023 | 2023-00487672 | |
| 31-12-2020 | micro format | 27-09-2021 | 2021-68600311 | |
| 31-12-2019 | micro format | 10-11-2020 | 2020-70400448 | |
| 31-12-2018 | micro format | 31-10-2019 | 2019-72400070 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59000023 | |
| 31-12-2016 | micro format | 15-09-2017 | 2017-61200160 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Owners and capital
Capital transactions
- 21-12-2023 Capital stated in the deed · €80,565.40 · 3,250 shares
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Jorinde Janssen |
|
| Stefan Vanderlinden |
|
| Etablissement Lod. Laurent |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Samenstelling raad van bestuur, 6 jaar”
Articles of association, deed of 21-12-2023 (in Dutch)
Network & group
Companies at the same address
3 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
23-12
Gazette deed
Reappointment: Stefan Vanderlinden (director and managing director)2 points ▸
- General meeting, 30-06-2025
- Director reappointment, Stefan Vanderlinden (director (not named in the articles) and managing director)
21-12
Gazette deed
Amendment of the articlesLegal-form conversion: from private limited company (pre-2019) to public limited company4 points ▸
- Legal-form conversion, from private limited company (pre-2019) to public limited company
- Registered office clause, ’s Gravenwezelsteenweg 1, 2110 Wijnegem
- Capital, €80,565.40, 3,250 shares
- Registered office clause, ’s Gravenwezelsteenweg 1
- The act holds 7 more points.
20-07
Gazette deed
1 director appointed, 1 director resigningResignation: NV Etablissement Lod. Laurent (director) · Permanent representative: Stefan Vanderlinden · Appointment: Jorinde Janssen (director)6 points ▸
- Board meeting, 01-06-2022
- General meeting, 01-06-2022
- Director resignation, NV Etablissement Lod. Laurent (director)
- Director discharge, NV Etablissement Lod. Laurent
- Permanent representative, Stefan Vanderlinden
- Director appointment, Jorinde Janssen (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
13 activities
- De groot- en kleinhandel in antikwiteiten,schilderijen en gravures,kunstvoorwerpen en fantasieartikelen,artikelen voor meubilering,onderhoud en huishoudelijke uitrusting,religieuze voorwerpen,oude boeken,tweedehandse bouwmaterialen,oude kleren en tweedehandse goederen,dit alles in de meest uitgebreide zin.
- De uitbating van een kunstgalerij en verkoopzaal,en in het algemeen van ruimten voor tentoonstellingen,congressen en andere culturele en artistieke manifestaties,evenals het voeren van iedere vorm van promotie;
- Het organiseren van tentoonstellingen en kunstgalerijen.
- Het organiseren van conferenties en seminaries.
- De groot- en kleinhandel-,in en uitvoer,en het verlenen van diensten in verband met de kunst- en preciesienijverheid zoals onder meer diamanten,juwelen,fantasie bijouteriën;meubileringsartikelen;luxeartikelen,kunstvoorwerpen en fantasieartikelen;schilderijen en gravuren;antikwiteiten;designmeubelen en–ontwerpen
- De restauratie van schilderijen,kunstvoorwerpen en antikwiteiten;
- Het voeren van een publiciteitsonderneming met inbegrip van public-relation;
- Het voeren van een bureau voor controle en expertise van goederen,diensten en materieel;
- Voor eigen rekening als voor rekening van derden,alle handelingen(groothandel,kleinhandel,franchising,in- en uitvoer)te verrichten van hierna vermelde goederen of goederen die er verband mee houden,zonder dat opsomming beperkend is;drogisterijartikelen,versieringsartikelen,gordijnen,draperieën,artikelen in kunststoffen,badstofartikelen,kunstvoorwerpen,kunstnamaakvoorwerpen;tapijten en vasttapijt;alle vormen van vloerbedekking;verfproducten en bijhorigheden;plaatsen en/of verwerken van voornoemde producten;meubelen,huishoudartikelen en huishoudapparaten;onderhoudsproducten,schoonheidsartikelen,toiletartikelen;papierproducten,lederwaren;naaigerief,tafellinnen en huishoudlinnen;kledingstukken en alle textielproducten;isolatiematerialen en alle artikelen voor huishoudelijke inrichting of gebruik;valse plafonds en bouwmaterialen,materialen voor inlijsting geprefabriceerde schrijnwerkerij;alle producten in hout;lijmen en alle soorten kleefstoffen of te kleven artikelen;alle doe het zelf artikelen;alle gereedschappen of voorwerpen gebruikt door doe het zelvers;alle gereedschappen en hulpmaterialen gebruikt voor verwerking,bewerking of gebruik van alle hierboven vermelde producten;reiniging van vloer en/of muurbekleding;uitlenen of verhuren van gereedschappen voor reiniging;verlichtingsapparatuur;binnenhuisinrichting in het algemeen;verhuisonderneming omvattende meubelbewaringen;
- De uitbating van een drankgelegenheid voor verbruik van wijn,alcoholische en andere dranken,en van een verbruikssalon met inbegrip van snackbar,theesalon,cafetaria en verkoop van bereide schotels om mee te nemen;De uitbating van een taverne;De verkoop van bereide schotels en dranken,alsmede alle aanverwante uitbatingen;Het uitoefenen van activiteiten van restauratiehouder.
- Alle commerciële,industriële en financiële verrichtingen in België en buitenland die verband staan met voorwerp
- Belangen hebben bij wijze van inbreng,inschrijving,of anderszins,in alle ondernemingen,verenigingen,vennootschappen met gelijkaardig,analoog of aanverwant voorwerp of wier voorwerp van aard is dat van vennootschap te bevorderen
- Zich voor deze ondernemingen,verenigingen,of vennootschappen borg stellen of aval verlenen,voorschotten en krediet toestaan of andere waarborgen verstrekken
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11050A0764/00D002 | Flanders | 1,924 m² | 1 · 696 m² | 17.7 m · 4 |