THE CLOSET
ActiveTHE CLOSET has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €15k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+31
Solvency98=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.12 in 2024), and 43.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.8%
Return on assets
3.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
8 d early
2023
15 d early
2022
31 d late
2021
11 d early
2020
12 d early
2019
60 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€231k▲ 6.8%
2024 · €216k
2018: €116k
2019: €136k
2020: €145k
2021: €153k
2022: €209k
2023: €216k
2024: €216k
2018 → 2025
Total assets
€406k▲ 8.8%
2024 · €373k
2018: €352k
2019: €383k
2020: €390k
2021: €432k
2022: €442k
2023: €384k
2024: €373k
2018 → 2025
Net result
€15k▲ 2,872%
2024 · €492
2018: €21k
2019: €20k
2020: €9k
2021: €8k
2022: €55k
2023: €7k
2024: €492
2018 → 2025
Working capital
€221k▲ 28.1%
2024 · €173k
2018: €101k
2019: €129k
2020: €144k
2021: €106k
2022: €151k
2023: €157k
2024: €173k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€209k▲ 36.3%€216k▲ 3.3%€216k▲ 0.2%€231k▲ 6.8%
Operating result€13k-€69k▲ 446%€9k▼ 86.9%€5k▼ 48.2%€23k▲ 391%
Net result€8k-€55k▲ 577%€7k▼ 87.4%€492▼ 93.0%€15k▲ 2,872%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 391% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €406k
Fixed assets
€11k▼ 77.2%
Current assets
€396k▲ 21.1%
Equity and liabilities €406k
Equity
€231k▲ 6.8%
Debt
€176k▲ 11.6%
The debt ratio rises from 42.2% to 43.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€35k▲
2024 · €31k
Cash flow
€26k▼
2024 · €27k
Solvency
56.8%▼
2024 · 57.8%
Current ratio
2.27▲
2024 · 2.12
Quick ratio
2.10▲
2024 · 1.94
Debt / equity
0.76▲
2024 · 0.73
ROE
6.3%▲
2024 · 0.2%
ROA
3.6%▲
2024 · 0.1%
Interest coverage
24.85▲
2024 · 19.05
Debt
€176k▲
2024 · €157k
Debt ≤ 1 year
€174k▲
2024 · €154k
Debt > 1 year
€0▼
2024 · €4k
Income taxes
€8k▲
2024 · €5k
Staff costs
€133k▼
2024 · €183k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€373k€406k▲
Fixed assets21/28€47k€11k▼
Intangible fixed assets21€14k€7k▼
Tangible fixed assets22/27€31k€3k▼
Furniture and vehicles24€31k€3k▼
Financial fixed assets28€1k€1k=
Current assets29/58€327k€396k▲
Stocks and contracts in progress3€27k€29k▲
Stocks30/36€27k€29k▲
Amounts receivable within one year40/41€228k€187k▼
Trade receivables40€203k€167k▼
Other amounts receivable41€25k€20k▼
Cash at bank and in hand54/58€60k€179k▲
Deferred charges and accrued income490/1€12k€1k▼
Equity and liabilities
Total equity and liabilities10/49€373k€406k▲
Equity10/15€216k€231k▲
Contributions10/11€60k€60k=
Reserves13€156k€171k▲
Distributable reserves133€156k€171k▲
Amounts payable17/49€157k€176k▲
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€154k€174k▲
Current portion of amounts payable after more than one year42€8k€4k▼
Trade debts44€126k€158k▲
Suppliers440/4€126k€158k▲
Taxes, remuneration and social security45€20k€13k▼
Taxes450/3€3k€4k▲
Remuneration and social security454/9€16k€9k▼
Other amounts payable47/48€249€249=
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€183k€133k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€12k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€218k€176k▼
Operating profit (loss)9901€5k€23k▲
Financial income75/76B€2k€421▼
Recurring financial income75€2k€421▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€5k€22k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€492€15k▲
Profit (loss) for the period to be appropriated9905€492€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€492€15k▲
Transfer to equity691/2€492€15k▲
To other reserves6921€492€15k▲
Social balance
Average headcount (FTE)9087-2.0
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €492 ▼93%
Net result drops to €492, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €55k ▲577%
Operating result €69k, net result €55k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲36.3%
5 profitable years in a row build equity to €209k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €153k ▲5.7%
4 profitable years in a row build equity to €153k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hessenplein 22000 AntwerpenGround area
1,474 m²
Building footprint
1,475 m²
Volume, LiDAR
29,575 m³
Parcel 11802B0096/00A000, Flanders · tallest building 25.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
The Closet
since 20122.207.302.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0096/00A000 | Flanders | 1,474 m² | 1 · 1,474 m² | 25.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 1,268 companies in sector 46160 we hold annual accounts for 682. 484 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2011
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.