Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2022; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
CLASS - X from Wavre, company number BE0479362221, closed financial year 2022 with a result of € -604,821 after tax. For that financial year CLASS - X recorded a gross margin of € -540,527 and equity of € -483,956. Compared with financial year 2021, the result moved from € 7,978 to € -604,821. 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 September 27, 2023.
€ -483,956
▼ € 604,821 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -604,821
▼ still € 7,978 profit in 2021
Profit after tax over the fiscal year.
€ 21,992
▲ 7% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -583,956.
People and assets in 2022
0.3
▼ 1.1 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 9,903
▼ 53% vs 2021
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2022
€ 815,758
▲ 203% vs 2021
€ 143,918 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 160,320
Supplier invoices still open on the last day of the fiscal year.
€ 14,816
▲ € 14,379 vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 46,590 | € -540,527 | ▼ € 587,117 |
| Profit after taxes | € 7,978 | € -604,821 | ▼ € 612,799 |
| Equity | € 120,866 | € -483,956 | ▼ € 604,821 |
| Total debts | € 1,083,462 | € 1,086,208 | |
| Cash | € 20,608 | € 21,992 | ▲ 7% |
| Retained profit | € 20,866 | € -583,956 | ▼ € 604,821 |
| Bank debt | € 269,230 | € 815,758 | ▲ 203% |
| Balance sheet total | € 1,204,328 | € 602,252 | ▼ 50% |
| Employees (FTE) | 1.4 | 0.3 | ▼ 1.1 |
Key figures of CLASS - X, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to CLASS - X?
What happened at CLASS - X in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CLASS - X is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 604,821 (▼ € 612,799 vs 2021). filed late Source: NBB ↗
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,978 profit in 2021 to € 604,821 loss in 2022.
Paid € 9,132 in corporate taxes since 2021.
Best year ever: 2021, with € 7,978 profit.
On average € 33,300 of value added per employee in 2021.
Management
Behind CLASS - X is Paul De Bruyn.
Directors
According to the 2022 annual accounts
Paul De Bruyn
Director
Establishments
Establishment units
Physical locations of this company
Avenue Pasteur 6/H
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.362.221
- VAT number
- BE 0479.362.221
- Registered office
- Avenue Pasteur 6/H, 1300 Wavre
- Names & denominations
- CLASS - X
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 17 January 2003
- Peppol
- Not registered
- Activities · NACE
Activiteiten van reisbureaus
Reisbureaus
Activiteiten van reisorganisatoren
Reisorganisatoren