Active BE 0635.507.970Private limited company

KLAAS MULLER

Rechtstraat 29 ·9160 Lokeren, Belgium· 11 yrs active

Sector: Retail sale of antiques (47791)

Conclusion Checked

KLAAS MULLER has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.48M and a net result of €85k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 9900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€1.48M
Net result	€85k
Better than sector	95%
Active	11 yrs

Financial profile 5 of 5 axes measured · computed by Checked

80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 29

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2015, 11 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€140k

estimate, not credit advice

Score history

86 2022

94 2023

86 2024

94 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 17.56 (≥ 1.5) +10

Quick ratio Quick ratio 2.95 (≥ 1.0) +5

Leverage Debt/equity 0.06 (< 1.0) +10

Profitability ROE 6% +3

Interest coverage Interest coverage 36.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~3.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	94.3%	37.6%	better than 95% of 9900 sector peers
Net result	€85k	€31k	better than 70% of 9895 sector peers
Equity	€1.48M	€261k	better than 92% of 9909 sector peers
Gross operating margin	€189k	€227k	better than 44% of 9875 sector peers
Staff costs	€57k	€159k	higher than 21% of 7511 sector peers

EBITDA

€131k

+37.0% 22-25

Net profit

€85k

+47.9% 22-25

Cash flow

€99k

+20.7% 22-25

Total assets

€1.58M

-0.8% 22-25

Equity

€1.48M

+6.1% 22-25

Working capital

€1.48M

+6.8% 22-25

Employees (FTE)

0

- 22-25

Staff costs

€57k

+50.3% 22-25

Income taxes

€32k

+107.2% 22-25

Dividends

€0

-100.0% 22-25

Debt

€91k

-51.9% 22-25

Debt ≤ 1y

€89k

-51.9% 22-25

Current ratio

17.56

+107.7% 22-25

Quick ratio

2.95

+35.2% 22-25

Solvency

94.3%

+6.9% 22-25

Debt / equity

0.06

-54.6% 22-25

ROE

5.7%

+39.4% 22-25

ROA

5.4%

+49.0% 22-25

Interest coverage

36.41

-47.5% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€131k	€96k	€142k	€95k
Net profit	€85k	€58k	€93k	€57k
Cash flow	€99k	€82k	€117k	€82k
Staff costs	€57k	€38k	€30k	€24k
Income taxes	€32k	€15k	€25k	€15k
Dividends	€0	€30k	€50k	€130k
Total assets	€1.58M	€1.59M	€1.52M	€1.52M
Equity	€1.48M	€1.40M	€1.37M	€1.33M
Debt	€91k	€188k	€147k	€196k
of which ≤ 1y	€89k	€185k	€146k	€196k
of which > 1y	-	-	-	-
Working capital	€1.48M	€1.38M	€1.33M	€1.27M
Employees (FTE)	0.0	0.0	1.0	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	17.56	8.45	10.15	7.46
Quick ratio	2.95	2.18	3.77	2.81
Working capital ratio	93.7%	87.1%	87.7%	83.0%
Solvency	94.3%	88.1%	90.4%	87.1%
Debt / equity	0.06	0.13	0.11	0.15
Long-term debt ratio	-	-	-	-
Interest coverage	36.41	69.34	56.91	107.89
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	5.4%	3.6%	6.1%	3.7%
ROE	5.7%	4.1%	6.8%	4.3%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €10k · 0.7% Current assets €1.56M · 99.4%

Equity & liabilities

Equity €1.48M · 94.3% Debt €91k · 5.8%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.58M	€1.59M	€1.52M	€1.52M
Fixed assets	21/28	€10k	€20k	€41k	€63k
Intangible fixed assets	21	€0	€11k	€32k	€54k
Tangible fixed assets	22/27	€10k	€9k	€8k	€9k
Financial fixed assets	28	€165	€165	€165	€165
Current assets	29/58	€1.56M	€1.57M	€1.48M	€1.46M
Stocks & contracts in progress	3	€1.30M	€1.16M	€928k	€911k
Amounts receivable within one year	40/41	€72k	€60k	€77k	€77k
Investments	50/53	€0	€56k	€150k	-
Cash & bank	54/58	€186k	€282k	€314k	€470k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.58M	€1.59M	€1.52M	€1.52M
Equity	10/15	€1.48M	€1.40M	€1.37M	€1.33M
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€1.47M	€1.38M	€1.35M	€1.31M
Accumulated profits (losses)	14	€0	€0	€0	€0
Amounts payable	17/49	€91k	€188k	€147k	€196k
Amounts payable within one year	42/48	€89k	€185k	€146k	€196k
Trade debts payable within one year	44	€7k	€139k	€26k	€63k
Income statement
Gross operating margin	9900	€189k	€138k	€174k	€122k
Operating result	9901	€118k	€72k	€118k	€70k
Financial income	75	€3k	€3k	€3k	€3k
Financial charges	65	€4k	€1k	€2k	€884
Result before taxes	9903	€117k	€73k	€118k	€72k
Income taxes	67/77	€32k	€15k	€25k	€15k
Net result for the period	9904	€85k	€58k	€93k	€57k
Result to be appropriated	9905	€85k	€58k	€93k	€57k

Directors & mandates 2 directors

Current directors & mandates

MULLER Klaas
Non-statutory director
State Gazette act 23479077 (28-12-2023)

Current
28-12-2023 → present
VERDURME Heidi Cyriel Rachel
Non-statutory director
State Gazette act 23479077 (28-12-2023)

Current
28-12-2023 → present

Legal Structure

NACE primary	Retail sale of antiques(47791)
Legal form	Private limited company(610)
Incorporation	13-08-2015
Status	Active
Postal code	9160

Establishment units 1 location

KLAAS MULLER

Minimenstraat 32, 1000 BrusselRetail trade

since 20152.244.493.490

Real-estate footprint Source: CBE × cadastre

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46007A0039/00C003	Flanders	804 m²	1 · 389 m²	7.8 m · 2 fl.
21808H1215/00C000	Brussels	96 m²	1 · 76 m²	21.7 m · 6 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 30-04-2027

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-09

Financial Liquidity doublescurrent ratio 17.56

Current ratio from 8.45 to 17.56; short-term debt falls from €185k to €89k.

30-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

28-12

State Gazette act Director changes

Pierre De Brabander

30-09

Financial Highest result since 2022net €93k ▲62.7%

Operating result €118k, net result €93k, both a record.

30-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-04

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

18-05

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 18 days late

2019

30-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

30-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 2 directors appointed Director changes·Pierre De Brabander

MULLER Klaas, Niet-statutair bestuurder
VERDURME Heidi Cyriel Rachel, Niet-statutair bestuurder

Notary: Pierre De Brabander · Lokeren

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "decharge_granted",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "MULLER Klaas Joris Suzanne",
        "address": "9160 Lokeren (Eksaarde), Rechtstraat 29",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "niet_statutair bestuurder",
      "person": {
        "rrn": null,
        "name": "MULLER Klaas",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "successor_conditional",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "niet_statutair bestuurder",
      "person": {
        "rrn": null,
        "name": "VERDURME Heidi Cyriel Rachel",
        "address": "9160 Lokeren (Eksaarde), Rechtstraat 29",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "successor_conditional",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": "MULLER Klaas Joris Suzanne",
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": "Pierre De Brabander",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Lokeren",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-28",
    "filing_date": "2023-12-22",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-12-15",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0635.507.970",
    "name_full": "KLAAS MULLER",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Pierre De Brabander",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": [
    "Afschrift proces-verbaal dd. 15/12/2023",
    "volmacht aandeelhouder",
    "Geco\u00F6rdineerde statuten",
    "Bijzondere verklaring bestuursverboden"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of antiques47791Retail sale of other cultural and recreation goods47690Retail trade47787Other business support services82990Arts creation and performing arts activities90032Visual arts creation90120

Names & trade names

Legal nameNL

KLAAS MULLER

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