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Oldboy

Active
Private limited companyfounded 2022active for 4 yearsLouis Van Craenstraat 23, 2100 Antwerpen, BelgiumKBO/BCE: BE 0790.600.379

Financials · financial year 2025, micro format

2025 annual accounts filed 59 days after the deadline Filed on 31 March 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00072615.

Annual accounts 2025 filed on 31-03-2026 PDF all 3 filings

Turnover
≈ €94,000
Estimated: probably between €34,000 and €200,000
Total assets
€94,838▲ 6.6%
2024 · €88,933
Net result
€3,505▼ 89.5%
2024 · €33,416
Working capital
€47,819▼ 12.7%
2024 · €54,794
Trend over the years

2023 to 2025, 3 financial years

The operating result for 2025 is 85% lower than in 2024 and the lowest since 2023.

Operating result€6,235 2025 Net result€3,505 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Retail trade (NACE 47). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€28,112-€42,523▲ 51.3%€6,235▼ 85.3%
Net result€22,104above the sector's middle half-€33,416above the sector's middle half▲ 51.2%€3,505within the sector's middle half▼ 89.5%
Equity€24,604within the sector's middle half-€58,019within the sector's middle half▲ 136%€61,524within the sector's middle half▲ 6.0%
Total assets€38,158below the sector's middle half-€88,933within the sector's middle half▲ 133%€94,838within the sector's middle half▲ 6.6%
Debt€13,555-€30,914▲ 128%€33,314▲ 7.8%
Working capital€22,558within the sector's middle half-€54,794within the sector's middle half▲ 143%€47,819within the sector's middle half▼ 12.7%
Solvency64.5%above the sector's middle half-65.2%above the sector's middle half▲ 0.8pp64.9%above the sector's middle half▼ 0.4pp
Current ratio2.72above the sector's middle half-2.80within the sector's middle half▲ 0.092.51within the sector's middle half▼ 0.29
Return on assets (ROA)57.9%above the sector's middle half-37.6%above the sector's middle half▼ 20.4pp3.7%within the sector's middle half▼ 33.9pp
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). 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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,838
Fixed assets €15,378 ▲ 308%
Current assets €79,460 ▼ 6.7%
Equity and liabilities €94,838
Equity €61,524 ▲ 6.0%
Debt €33,314 ▲ 7.8%
Debt's share of the balance-sheet total rises from 34.8% to 35.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,426▼
2024 · €43,354
Cash flow
€4,695▼
2024 · €34,246
Quick ratio
1.35▼
2024 · 1.90
Debt to equity
0.54▲
2024 · 0.53
ROE
5.7%▼
2024 · 57.6%
Interest coverage
5.37▼
2024 · over 100
Debt ≤ 1 year
€31,640▲
2024 · €30,370
Income taxes
€1,514▼
2024 · €8,875
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202330-06-202430-06-2025
Tangible fixed assets€2,500€5,300€5,300
Financial fixed assets--€7,500
Depreciation and write-downs of the year€38€831€1,191

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €4,000 awarded · €4,000 paid
Year Entries AwardedPaid
2025 1 €2,000€2,000
2024 1 €2,000€2,000
Schemes
2 entries · €4,000 · €4,000 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as Oldboy: retail sale of antiques (NACE 47791). They are comparable in size and age: total assets between €73,100 and €123,000, founded between 2021 and 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Oldboy Antwerpen2022€94,838€61,524€8,786€3,5052025
ANTIQUITES LANGE PASCAL Verviers2022€123,473€62,672€10,067€4,0512025
SETTANTOTTO Gent2023€118,603€16,775€14,991€8,6912025
C.O. INVEST Boussu2021€73,086€29,228€18,296€2,0572025
3 Grâces Brussel2022€105,313€80,757€23,685€19,4812025
DASPASVINTAGE Antwerpen2024€80,995€9,482€23,625€9,2232025
Oever Gallery Oostende2021€96,569-€37,049€24,471€11,6312026

They were chosen from the 498 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,546 companies had the same profile as Oldboy has now. Two years later, 2.3% had gone bankrupt and 94.3% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
2.3% went bankrupt
3.2% stopped otherwise
94.3% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Oldboy itself: 1.0% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,546 companies, not a prediction for Oldboy. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 (PDF), filed on 31-03-2026.

Balance sheet Code20242025
Assets
Total assets20/58€88,933€94,838▲
Fixed assets21/28€3,769€15,378▲
Tangible fixed assets22/27€3,769€7,878▲
Furniture and vehicles24€3,769€7,878▲
Financial fixed assets28-€7,500
Current assets29/58€85,164€79,460▼
Stocks and contracts in progress3€27,334€36,790▲
Stocks30/36€27,334€36,790▲
Amounts receivable within one year40/41€24,242€17,293▼
Trade receivables40€22,598€17,293▼
Other amounts receivable41€1,645-
Cash at bank and in hand54/58€32,713€21,019▼
Deferred charges and accrued income490/1€875€4,358▲
Equity and liabilities
Total equity and liabilities10/49€88,933€94,838▲
Equity10/15€58,019€61,524▲
Contributions10/11€2,500€2,500=
Reserves13-€59,024
Distributable reserves133-€59,024
Profit (loss) carried forward14€55,519-
Amounts payable17/49€30,914€33,314▲
Amounts payable within one year42/48€30,370€31,640▲
Trade debts44€21,496€13,201▼
Suppliers440/4€21,496€13,201▼
Advances received on contracts in progress46-€2,178
Taxes, remuneration and social security45€8,875€12,509▲
Taxes450/3€8,875€12,509▲
Other amounts payable47/48-€3,752
Accrued charges and deferred income492/3€543€1,674▲
Income statement Code20242025
Non-recurring operating income76A€38-
Remuneration, social security and pensions62€1,658-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€831€1,191▲
Other operating charges640/8€577€1,360▲
Gross operating margin9900€45,589€8,786▼
Operating profit (loss)9901€42,523€6,235▼
Financial income75/76B€0€166▲
Recurring financial income75€0€166▲
Financial charges65/66B€233€1,383▲
Recurring financial charges65€233€1,383▲
Profit (loss) for the period before taxes9903€42,290€5,018▼
Income taxes67/77€8,875€1,514▼
Profit (loss) for the period9904€33,416€3,505▼
Profit (loss) for the period to be appropriated9905€33,416€3,505▼
Appropriation of the result
Profit (loss) to be appropriated9906€55,519€59,024▲
Profit (loss) brought forward from the previous period14P€22,104€55,519▲
Transfer to equity691/2-€59,024
To other reserves6921-€59,024

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line202320242025Change
Non-recurring operating income76A-€38--
Remuneration, social security and pensions62€415€1,658--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38€831€1,191▲ 43.4%
Other operating charges640/8€330€577€1,360▲ 136%
Gross operating margin9900€28,894€45,589€8,786▼ 80.7%
Operating profit (loss)9901€28,112€42,523€6,235▼ 85.3%
Financial income75/76B€10€0€166▲ 346×
Recurring financial income75€10€0€166▲ 346×
Financial charges65/66B€322€233€1,383▲ 493%
Recurring financial charges65€322€233€1,383▲ 493%
Profit (loss) for the period before taxes9903€27,799€42,290€5,018▼ 88.1%
Income taxes67/77€5,696€8,875€1,514▼ 82.9%
Profit (loss) for the period9904€22,104€33,416€3,505▼ 89.5%
Profit (loss) for the period to be appropriated9905€22,104€33,416€3,505▼ 89.5%
Line202320242025Change
Assets
Total assets20/58€38,158€88,933€94,838▲ 6.6%
Fixed assets21/28€2,462€3,769€15,378▲ 308%
Tangible fixed assets22/27€2,462€3,769€7,878▲ 109%
Furniture and vehicles24€2,462€3,769€7,878▲ 109%
Financial fixed assets28--€7,500-
Current assets29/58€35,696€85,164€79,460▼ 6.7%
Stocks and contracts in progress3€6,139€27,334€36,790▲ 34.6%
Stocks30/36€6,139€27,334€36,790▲ 34.6%
Amounts receivable within one year40/41€8,277€24,242€17,293▼ 28.7%
Trade receivables40€8,277€22,598€17,293▼ 23.5%
Other amounts receivable41-€1,645--
Cash at bank and in hand54/58€20,259€32,713€21,019▼ 35.7%
Deferred charges and accrued income490/1€1,021€875€4,358▲ 398%
Equity and liabilities
Total equity and liabilities10/49€38,158€88,933€94,838▲ 6.6%
Equity10/15€24,604€58,019€61,524▲ 6.0%
Contributions10/11€2,500€2,500€2,500=
Reserves13--€59,024-
Distributable reserves133--€59,024-
Profit (loss) carried forward14€22,104€55,519--
Amounts payable17/49€13,555€30,914€33,314▲ 7.8%
Amounts payable within one year42/48€13,138€30,370€31,640▲ 4.2%
Trade debts44€1,669€21,496€13,201▼ 38.6%
Suppliers440/4€1,669€21,496€13,201▼ 38.6%
Advances received on contracts in progress46--€2,178-
Taxes, remuneration and social security45€10,465€8,875€12,509▲ 41.0%
Taxes450/3€10,465€8,875€12,509▲ 41.0%
Other amounts payable47/48€1,004-€3,752-
Accrued charges and deferred income492/3€417€543€1,674▲ 208%
Line202320242025Change
Profit (loss) for the period9904€22,104€33,416€3,505▼ 89.5%
+ Depreciation and write-downs630€38€831€1,191▲ 43.4%
Operating cash flow (approximation)€22,141€34,246€4,695▼ 86.3%
Investment in fixed assets (approximation)--€2,137-€12,800▼ 499%
Change in cash-€12,453-€11,693-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
30-06-2025 micro format 31-03-2026 2026-00072615 PDF
30-06-2024 micro format 05-09-2025 2025-00492897 PDF
30-06-2023 micro format 31-01-2024 2024-00017277 PDF

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