CLASSICO
ActiveSummary
CLASSICO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €479k and a net result of €33k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 233 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+22
Solvency90▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.22 in 2024; short-term debt: 34% and cash: 5.2% of total assets), and 35.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
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
64.8%
Return on assets
4.4%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
9 d early
2023
3 d early
2022
28 d late
2021
18 d late
2020
10 d late
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33k▲ 106%
2024 · €16k
2018: €-961
2019: €-133k▼ -13772% vs 2018lowest in 8 years
2020: €-33k▲ +74.9% vs 2019
2021: €84k▲ +351% vs 2020
2022: €91k▲ +8.8% vs 2021highest in 8 years
2023: €44k▼ -52.2% vs 2022
2024: €16k▼ -63.7% vs 2023
2025: €33k▲ +106% vs 2024
2018 → 2025
Working capital
€-178k▲ 7.8%
2024 · €-193k
2018: €-255k
2019: €-388k▼ -52.2% vs 2018
2020: €-422k▼ -8.6% vs 2019lowest in 8 years
2021: €-337k▲ +20.0% vs 2020
2022: €-246k▲ +27.0% vs 2021
2023: €-207k▲ +15.9% vs 2022
2024: €-193k▲ +6.7% vs 2023
2025: €-178k▲ +7.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€295k-€387k▲ 31.0%€430k▲ 11.3%€446k▲ 3.7%€479k▲ 7.3%
2021: €295klowest in 5 years
2022: €387k▲ +31.0% vs 2021
2023: €430k▲ +11.3% vs 2022
2024: €446k▲ +3.7% vs 2023
2025: €479k▲ +7.3% vs 2024highest in 5 years
Operating result€96k-€101k▲ 5.2%€52k▼ 48.6%€22k▼ 57.0%€39k▲ 73.9%
2021: €96k
2022: €101k▲ +5.2% vs 2021highest in 5 years
2023: €52k▼ -48.6% vs 2022
2024: €22k▼ -57.0% vs 2023lowest in 5 years
2025: €39k▲ +73.9% vs 2024
Net result€84k-€91k▲ 8.8%€44k▼ 52.2%€16k▼ 63.7%€33k▲ 106%
2021: €84k
2022: €91k▲ +8.8% vs 2021highest in 5 years
2023: €44k▼ -52.2% vs 2022
2024: €16k▼ -63.7% vs 2023lowest in 5 years
2025: €33k▲ +106% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739k
Fixed assets
€665k ▲ 2.8%
Current assets
€73k ▲ 30.9%
Equity and liabilities €739k
Equity
€479k ▲ 7.3%
Debt
€260k ▲ 1.0%
Debt's share of the balance-sheet total falls from 36.5% to 35.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €23k
Cash flow
€36k▲
2024 · €17k
Current ratio
0.29▲
2024 · 0.22
Debt to equity
0.54▼
2024 · 0.58
ROE
6.8%▲
2024 · 3.6%
ROA
4.4%▲
2024 · 2.3%
Interest coverage
6.28▲
2024 · 3.61
Debt ≤ 1 year
€251k▲
2024 · €249k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€703k€739k▲
Fixed assets21/28€647k€665k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€3k€18k▲
Plant, machinery and equipment23-€11k
Furniture and vehicles24€3k€7k▲
Financial fixed assets28€645k€645k=
Current assets29/58€56k€73k▲
Amounts receivable within one year40/41€33k€34k▲
Trade receivables40-€7k
Other amounts receivable41€33k€27k▼
Cash at bank and in hand54/58€23k€39k▲
Deferred charges and accrued income490/1-€723
Equity and liabilities
Total equity and liabilities10/49€703k€739k▲
Equity10/15€446k€479k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€378k€411k▲
Amounts payable17/49€257k€260k▲
Amounts payable within one year42/48€249k€251k▲
Trade debts44€29k€33k▲
Suppliers440/4€29k€33k▲
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Other amounts payable47/48€220k€214k▼
Accrued charges and deferred income492/3€8k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€677€4k▲
Other operating charges640/8€938€954▲
Gross operating margin9900€24k€43k▲
Operating profit (loss)9901€22k€39k▲
Financial income75/76B-€723
Recurring financial income75-€723
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€16k€33k▲
Profit (loss) for the period9904€16k€33k▲
Profit (loss) for the period to be appropriated9905€16k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€378k€411k▲
Profit (loss) brought forward from the previous period14P€362k€378k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €59k | €11k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €80 | €635 | €677 | €4k | ▲ 432% |
| Other operating charges640/8 | €932 | €1k | €926 | €938 | €954 | ▲ 1.7% |
| Gross operating margin9900 | €155k | €113k | €53k | €24k | €43k | ▲ 81.3% |
| Operating profit (loss)9901 | €96k | €101k | €52k | €22k | €39k | ▲ 73.9% |
| Financial income75/76B | €1k | €4k | €0 | - | €723 | - |
| Recurring financial income75 | €1k | €4k | €0 | - | €723 | - |
| Financial charges65/66B | €13k | €13k | €8k | €6k | €7k | ▲ 6.0% |
| Recurring financial charges65 | €13k | €13k | €8k | €6k | €7k | ▲ 6.0% |
| Profit (loss) for the period before taxes9903 | €84k | €91k | €44k | €16k | €33k | ▲ 106% |
| Profit (loss) for the period9904 | €84k | €91k | €44k | €16k | €33k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €84k | €91k | €44k | €16k | €33k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €741k | €719k | €688k | €703k | €739k | ▲ 5.0% |
| Fixed assets21/28 | €645k | €648k | €647k | €647k | €665k | ▲ 2.8% |
| Intangible fixed assets21 | - | - | - | - | €2k | - |
| Tangible fixed assets22/27 | - | €3k | €2k | €3k | €18k | ▲ 537% |
| Plant, machinery and equipment23 | - | - | - | - | €11k | - |
| Furniture and vehicles24 | - | €3k | €2k | €3k | €7k | ▲ 155% |
| Financial fixed assets28 | €645k | €645k | €645k | €645k | €645k | = |
| Current assets29/58 | €96k | €72k | €41k | €56k | €73k | ▲ 30.9% |
| Amounts receivable within one year40/41 | €67k | €11k | €36k | €33k | €34k | ▲ 2.6% |
| Trade receivables40 | €4k | €8k | - | - | €7k | - |
| Other amounts receivable41 | €63k | €3k | €36k | €33k | €27k | ▼ 19.8% |
| Cash at bank and in hand54/58 | €25k | €57k | €5k | €23k | €39k | ▲ 68.9% |
| Deferred charges and accrued income490/1 | €3k | €4k | - | - | €723 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €741k | €719k | €688k | €703k | €739k | ▲ 5.0% |
| Equity10/15 | €295k | €387k | €430k | €446k | €479k | ▲ 7.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €227k | €319k | €362k | €378k | €411k | ▲ 8.6% |
| Amounts payable17/49 | €446k | €333k | €257k | €257k | €260k | ▲ 1.0% |
| Amounts payable within one year42/48 | €433k | €318k | €248k | €249k | €251k | ▲ 0.9% |
| Trade debts44 | €911 | €4k | €21k | €29k | €33k | ▲ 12.5% |
| Suppliers440/4 | €911 | €4k | €21k | €29k | €33k | ▲ 12.5% |
| Taxes, remuneration and social security45 | €8k | - | - | - | €5k | - |
| Taxes450/3 | €2k | - | - | - | €5k | - |
| Remuneration and social security454/9 | €7k | - | - | - | - | - |
| Other amounts payable47/48 | €424k | €314k | €227k | €220k | €214k | ▼ 2.8% |
| Accrued charges and deferred income492/3 | €13k | €15k | €9k | €8k | €8k | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €91k | €44k | €16k | €33k | ▲ 106% |
| + Depreciation and write-downs630 | - | €80 | €635 | €677 | €4k | ▲ 432% |
| Operating cash flow (approximation) | €84k | €92k | €44k | €17k | €36k | ▲ 119% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-1k | €-21k | ▼ 1,875% |
| Change in cash | - | €32k | €-52k | €18k | €16k | ▼ 10.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Highest result since 2018net €91k ▲8.8%
Operating result €101k, net result €91k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Back to profitnet €84k
Net result €84k after 3 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-133k
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Sint-Martens-Latem · 1 establishment unit since 1988
Ground area
1.5 ha
Building footprint
1,294 m²
Volume, LiDAR
9,872 m³
2 parcels, Flanders · tallest building 31.5 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CLASSICO
since 19882.312.032.315
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0269/00M000 | Flanders | 1.2 ha | 1 · 1,119 m² | 23.5 m · 2 fl. |
| 44064A0821/00A000 | Flanders | 2,905 m² | 1 · 175 m² | 31.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,276 companies in sector 90202 we hold annual accounts for 413. 253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-04-1988
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
Scores and ratios are computed by Checked and are not a credit decision.