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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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2026
American Clothing Associates from Evergem, company number BE0456606219, closed financial year 2026 with a result of € 499,274 after tax. For that financial year American Clothing Associates recorded revenue of € 96,565 and equity of € 15.3 million. Compared with financial year 2025, the result moved from € 73,966 to € 499,274. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.
€ 15.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 499,274
▲ € 425,308 vs 2025
Profit after tax over the fiscal year.
€ 14,585
▼ 32% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
100 % of the profit went to the shareholders, mostly to AMERICAN CLOTHING DISTRIBUTION (100 % of the shares). That is where the money ends up.
Debts at end 2026
€ 621,511
▼ 26% vs 2025
€ 181,499 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 11,790
▼ 74% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 274 days on average.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 40,327,905 | € 48,561,724 | € 664,211 | € 96,565 | ▼ 85% |
| Profit after taxes | € 586,860 | € 641,741 | € 73,966 | € 499,274 | ▲ € 425,308 |
| Equity | € 9,307,329 | € 15,449,070 | € 15,273,035 | € 15,272,309 | |
| Total debts | € 33,567,544 | € 3,631,882 | € 1,540,235 | € 1,054,955 | ▼ 32% |
| Cash | € 1,466,320 | - | € 21,349 | € 14,585 | ▼ 32% |
| Land & buildings | € 580,878 | € 515,178 | € 449,478 | € 383,778 | ▼ 15% |
| Retained profit | € 1,467,640 | € 2,109,381 | € 1,933,346 | € 1,932,620 | |
| Dividend | € 0 | € 0 | € 250,000 | € 500,000 | ▲ 100% |
| Bank debt | € 19,508,445 | € 1,079,154 | € 843,572 | € 621,511 | ▼ 26% |
| Balance sheet total | € 43,095,496 | € 19,080,952 | € 16,813,270 | € 16,327,264 | ▼ 3% |
| Employees (FTE) | 147.2 | 138.8 | 0 | - |
Key figures of American Clothing Associates, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to American Clothing Associates?
What happened at American Clothing Associates in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dominique Lippens stepped down as director. NBB
- Olivier Louvrier stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 499,274 (▲ € 425,308 vs 2025). Source: NBB ↗
- Dominique Lippens became a director. NBB
- Olivier Louvrier became a director. NBB
- New establishment in Evergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 586,860 profit in 2023 to € 499,274 profit in 2026.
Paid € 17,152 in corporate taxes since 2023.
Best year ever: 2024, with € 641,741 profit.
Paid out € 750,000 in dividends to the owners in total.
Management
The stake of AMERICAN CLOTHING DISTRIBUTION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
American Clothing AssociatesThe shares are held by AMERICAN CLOTHING DISTRIBUTION (100%). It owns 100% of RW Zoute, 100% of Somax and 19.2% of American Clothing Distribution itself.
Directors
According to the 2026 annual accounts
Dominique Lippens
Director
since 2022 · until 2028
Olivier Louvrier
Managing director
Also active at: CONTEXT, CLAIRE SPORTSWEAR, SOMAX, TWEEDS & COTTONS, RW ZOUTE, PLASTIPHARM, AMERICAN CLOTHING DISTRIBUTION, IP MANAGEMENT & CONSULTING +4 more
since 2022 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Noorwegenstraat 17
9940 Evergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →CONTEXT same network
€ 648,350 gross margin · 2025
ESCAPE
€ 19,766 gross margin · 2022
Pan American same network
€ 131,300 gross margin · 2025
SOMAX same network
€ -6,254 gross margin · 2026
RW ZOUTE same network
€ -7,866 gross margin · 2026
+4 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
- 0456.606.219
- VAT number
- BE 0456.606.219
- Registered office
- Noorwegenstraat 17, 9940 Evergem
- Names & denominations
- American Clothing Associates
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 1995
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Groothandel in kleding, met uitzondering van werk- en onderkleding
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