Losses
-€286,017 in ten years
Every financial year from 2016 to 2025 closed with a loss. 2017 was the heaviest.
VAN DE CATSEYN - CLOSE
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €145,858 (2009)
-€1,974▲ €6,327
lowest -€64,232 (2017)
-€16,418▲ €18,139
peak €732,218 (2015)
€446,201▼ 3.5%
€2,747▼ 5.6%
Board3 names since 2021
3 directorsCLOSE Solange Marie Louise Ghislaine and 2 others
Owners3 names in the annual accounts
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Gross margin from -€8,301 to -€1,974Loss of €16,418
Key points
from the 2025 annual accountsFilings
34 annual accounts since 1992
Four of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 48% of micro companies without a NACE code
Probability in this band: under 0.55%
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 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
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%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.1 percentage points 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 03-2026
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
Financial strengthStrong
Score breakdown
raises risk
No registered site in the KBO
lowers risk
Size: total assets €496,537
Equity €446,201 (89.9% of total assets)
Founded in 1991
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 (no NACE code, micro). It does better than 81% of them on solvency, 64% on liquidity, 14% on profitability and 34% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as VAN DE CATSEYN - CLOSE has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN DE CATSEYN - CLOSE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for VAN DE CATSEYN - CLOSE. 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.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 58.8 (60.73 in 2024), above the usual 1.5. Short-term debt is 0.6% and cash 14.1% of total assets. 10.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€16,418
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
29 days late
2023
23 days early
2022
49 days early
2021
40 days early
2020
36 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 20 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Michel Van De Catseyn 35.29%annual accounts 2017
- Solange Close 35.29%annual accounts 2017
- Cédric Van De Catseyn 29.42%annual accounts 2017
Recent changes
3 directors appointed, 3 reappointments
Appointments: VAN DE CATSEYN Michel Marcel Nestor Ghislain, VAN DE CATSEYN Cédric Sébastien Ghislain and CLOSE Solange Marie Louise Ghislaine · Reappointments: VAN DE CATSEYN Michel Marcel Nestor Ghislain, CLOSE Solange Marie Louise Ghislaine and VAN DE CATSEYN Cédric Sébastien Ghislain · “L’achat,la vente,la création et la restauration d’œuvres d’art,et notamment de meubles patinés,peints et…” (deed in French) · General meeting of 23-02-2024 · Gazette deed
Incorporation
published on 03-01-1992 · Gazette deed
Official details
Source: KBO- Status
- Active since 12-12-1991Normal situation
- Activity
- “L’achat,la vente,la création et la restauration d’œuvres d’art,et notamment de meubles patinés,peints et décorés” (deed in French)From the articles, 9 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €496,537▼ 5.0%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on VAN DE CATSEYN - CLOSE
VAN DE CATSEYN - CLOSE files the abbreviated format. That format states no turnover. The gross margin fell from €3,468 in 2006 to -€1,974 in 2025.
In March 2024, the Official Gazette published the appointment of CLOSE Solange Marie Louise Ghislaine as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAN DE CATSEYN - CLOSE
- What is the company number of VAN DE CATSEYN - CLOSE?
- The company number of VAN DE CATSEYN - CLOSE is 0445.934.338. The VAT number is the same number with BE in front: BE 0445.934.338.
- Where is VAN DE CATSEYN - CLOSE based?
- The registered office is at Rue de Balenfer 5BIS, 7130 Binche.Company details
- What is the legal form of VAN DE CATSEYN - CLOSE?
- VAN DE CATSEYN - CLOSE is a public limited company (NV).
- When was VAN DE CATSEYN - CLOSE founded?
- VAN DE CATSEYN - CLOSE was founded on 12-12-1991.
- Is VAN DE CATSEYN - CLOSE still active?
- Yes, VAN DE CATSEYN - CLOSE is an active enterprise in the KBO register.
- What is the turnover of VAN DE CATSEYN - CLOSE?
- The annual accounts for financial year 2025 state no turnover. In financial year 2018 turnover was €0.Financials
- Is VAN DE CATSEYN - CLOSE profitable?
- In financial year 2025, VAN DE CATSEYN - CLOSE made a loss of €16,418.
- Where can I find the annual accounts of VAN DE CATSEYN - CLOSE?
- VAN DE CATSEYN - CLOSE filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAN DE CATSEYN - CLOSE due?
- VAN DE CATSEYN - CLOSE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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