Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2024; threshold 65 %.
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Annual account missing NBB
Fiscal year 2025 was expected before 31 December 2025 and has not been filed.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
CLOSE OUT SHOP from Elsene, company number BE0415230967, closed financial year 2024 with a result of € -220,124 after tax. For that financial year CLOSE OUT SHOP recorded revenue of € 1.3 million and equity of € -278,384. Compared with financial year 2023, the result moved from € 89,284 to € -220,124. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 16, 2025.
€ -278,384
▼ € 220,124 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -220,124
▼ still € 89,284 profit in 2023
Profit after tax over the fiscal year.
€ 36,862
▼ 9% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -439,884.
People and assets in 2024
€ 219,643
▲ 43% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,985
▼ 13% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 438,000
▲ € 430,705 vs 2023
Loans from banks and other lenders, long and short.
€ 47,553
▼ 86% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 56,307
▼ 36% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 1,524,220 | € 1,564,206 | € 1,278,870 | ▼ 18% |
| Gross margin | € 189,655 | € 260,022 | € 150,465 | ▼ 42% |
| Profit after taxes | € 29,274 | € 89,284 | € -220,124 | ▼ € 309,408 |
| Equity | € -147,544 | € -58,260 | € -278,384 | ▼ € 220,124 |
| Total debts | € 541,278 | € 444,867 | € 646,123 | ▲ 45% |
| Cash | € 26,803 | € 40,443 | € 36,862 | ▼ 9% |
| Land & buildings | € 327 | € 327 | € 327 | |
| Retained profit | € -309,044 | € -219,760 | € -439,884 | ▼ € 220,124 |
| Bank debt | € 16,495 | € 7,295 | € 438,000 | ▲ € 430,705 |
| Balance sheet total | € 393,734 | € 386,607 | € 367,739 | ▼ 5% |
Key figures of CLOSE OUT SHOP, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 December 2025.
What happened to CLOSE OUT SHOP?
What happened at CLOSE OUT SHOP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Louis LA HAYE stepped down as director. NBB
- SOCIETE ANONYME DE PARTICIPATION ET DE GESTION stepped down as director. NBB
- BLH Consult stepped down as director. NBB
- Denis PETTIAUX stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 220,124 (▼ € 309,408 vs 2023). filed late Source: NBB ↗
- Jean-Louis LA HAYE became a director. NBB
- SOCIETE ANONYME DE PARTICIPATION ET DE GESTION became a director. NBB
- BLH Consult became a director. NBB
In short
From € 29,274 profit in 2022 to € 220,124 loss in 2024.
Paid € 457 in corporate taxes since 2022.
Best year ever: 2023, with € 89,284 profit.
A new publication or filing at CLOSE OUT SHOP? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Société Anonyme de Participation et de Gestion comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CLOSE OUT SHOPThe shares are held by Société Anonyme de Participation et de Gestion (50.1%).
Directors
According to the 2024 annual accounts
since 2020 · until 2026
SOCIETE ANONYME DE PARTICIPATION ET DE GESTION
Director · represented by Benjamin GERARD
Also active at: Tradix, D'Ieteren Group, SOCIETE D'ENTREPRISES ET DE GESTION IMMOBILIERES, BLANCHE II, D'Ieteren Automotive SA/NV, Hydronic System Optimisation, LIFEPOWR, EPIC Blue +5 more
since 2020 · until 2026
since 2020 · until 2026
Denis PETTIAUX
Director
Also active at: Tradix, Société Anonyme de Participation et de Gestion, SOCIETE D'ENTREPRISES ET DE GESTION IMMOBILIERES, BLANCHE II, LHP TRADE, BIO CAP INVEST, OBJEKTEN, NAZCA +1 more
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Maliestraat 90-92
1050 Elsene
Edelknaapstraat 109
1050 Elsene
Active since 1 April 1991
Edelknaapstraat 102
1050 Elsene
Active since 1 April 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Tradix same network
€ 504,709 revenue · 2025
ERIC BOULANGER
€ -2,204 gross margin · 2025
KELLY & PARTNERS
€ 15,633 gross margin · 2025
MIA ZIA
€ -15,662 gross margin · 2024
Wild Tribe Films
€ -2,485 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.230.967
- VAT number
- BE 0415.230.967
- Registered office
- Maliestraat 90-92, 1050 Elsene
- Names & denominations
- CLOSE OUT SHOP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 1975
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in verlichtingsartikelen
Detailhandel in artikelen voor verlichting en woninginrichting
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