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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FASHION RACK from Brussel, company number BE0631803065, closed financial year 2025 with a result of € -5,232 after tax. For that financial year FASHION RACK recorded a gross margin of € 814,715 and equity of € -446,639. Compared with financial year 2024, the result moved from € -302,319 to € -5,232. 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 March 31, 2026.
€ -446,639
▼ € 5,232 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,232
▲ 98 % less loss than in 2024
Profit after tax over the fiscal year.
€ 92,521
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -646,639.
People and assets in 2025
21.5
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 782,776
▼ 10% vs 2024
€ 36,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,580
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.8 million
Supplier invoices still open on the last day of the fiscal year.
€ 122,183
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 744,363 | € 907,907 | € 629,569 | € 814,715 | ▲ 29% |
| Profit after taxes | € 4,880 | € 20,414 | € -302,319 | € -5,232 | ▲ € 297,087 |
| Equity | € -159,501 | € -139,087 | € -441,406 | € -446,639 | ▼ € 5,232 |
| Total debts | € 2,899,614 | € 2,988,888 | € 2,926,951 | € 3,138,013 | ▲ 7% |
| Cash | € 116,738 | € 52,584 | € 78,814 | € 92,521 | ▲ 17% |
| Retained profit | € -359,501 | € -339,087 | € -641,406 | € -646,639 | ▼ € 5,232 |
| Balance sheet total | € 2,740,113 | € 2,849,801 | € 2,485,544 | € 2,691,375 | ▲ 8% |
| Employees (FTE) | 22.2 | 22 | 22.5 | 21.5 | ▼ 1 |
Key figures of FASHION RACK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 March 2027.
What happened to FASHION RACK?
What happened at FASHION RACK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,232. Source: NBB ↗
- Vincenza TRAMONTANA became a director. NBB
- New establishment in Charleroi. KBO
- Emanuela CULOT became a director. NBB
- Michel CULOT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,880 profit in 2022 to € 5,232 loss in 2025.
Best year ever: 2023, with € 20,414 profit.
On average € 37,900 of value added per employee in 2025.
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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 IMMO LE CHATEAU, Immobilière Lomel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FASHION RACKBehind FASHION RACK are Emanuela CULOT, Michel CULOT and Vincenza TRAMONTANA. The shares are held by IMMO LE CHATEAU (25%) and Immobilière Lomel (25%).
Directors
According to the 2025 annual accounts
since 2015
Michel CULOT
Director
since 2015
Vincenza TRAMONTANA
Managing director
since 2015
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Drukpersstraat 4
1000 Brussel
Avenue du Chêne Saint-Jean 9/1
6041 Charleroi
Active since 5 June 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →Grada
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€ 502,480 gross margin · 2025
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€ -20,347 gross margin · 2025
Immobilière du Boulevard
€ 31,024 gross margin · 2025
Société anonyme belge de la Forêt du Paular
€ -93,395 gross margin · 2025
+44 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
- 0631.803.065
- VAT number
- BE 0631.803.065
- Registered office
- Drukpersstraat 4, 1000 Brussel
- Names & denominations
- FASHION RACK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2015
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Groothandel in kleding, met uitzondering van werk- en onderkleding
Detailhandel in schoeisel
Overige niet-gespecialiseerde detailhandel
Detailhandel in souvenirs en religieuze artikelen
Detailhandel in lederwaren en reisartikelen
Detailhandel via postorderbedrijven of via internet
Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels