9-MONTH REPORT 2025
UNITEDLABELS AG
"WIR MACHEN AUS MILLIONEN FANS MILLIONEN KUNDEN"
"WE TURN MILLIONS OF FANS INTO MILLIONS OF CUSTOMERS"Peter Boder CEO
Dear Shareholders,
In the first nine months of the financial year, consolidated revenue of UNITEDLABELS AG
amounted to € 11.9 million (previous year: € 14.7 million).
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to € 0.9 million. Earnings before interest and taxes (EBIT) declined to € 0.7 million (previous year: € 1.1 million). Consolidated net income totalled € 0.2 million (previous year:
€ 0.4 million), corresponding to a net profit margin of 1.7%.
The online business of Elfen Service GmbH remained stable at the high level achieved in the previous year, reaching € 1.6 million. For the Christmas season, an additional major e-commerce platform has now been added as a partner.
The order backlog as of 30 September 2025 increased to € 11.8 million (previous year:
€ 11.4 million), although numerous customer orders are being placed significantly later compared with previous years.
Our focus continues to be on key accounts and e-commerce. In addition, we provide selected companies in the B2B and B2C sectors with a wide range of logistics services. By doing so, we make targeted use of our modern logistics centre in order to increase capacity utilisation and generate additional revenue.
Based on current assessments, the Company expects further growth in revenue and earnings for the 2025 financial year.
We would like to thank all business partners and, in particular, you, dear shareholders, for your continued trust.
Peter Boder
CEO
9-MONTH REPORT
Key Figures 9-Month report (k€) | 9M 2025 | 9M 2024 |
Revenue | 11,935 | 14,655 |
EBITDA* | 898 | 1,282 |
EBIT | 684 | 1,083 |
Profit before tax | 308 | 472 |
Consolidated profit | 246 | 447 |
Shareprice per end of period (€) | 1.30 | 1.76 |
Market capitalization | 9,009 | 12,197 |
Net profit per share (€) | 0.04 | 0.06 |
Employees converted to full-time equivalents (on average) | 39 | 40 |
Revenue per full-time equivalents | 306 | 366 |
* including amortisation of usage rights
Application of IFRS/IAS regulations
Accounting principles
The consolidated quarterly financial statements have been prepared in accordance with internationally recognized accounting standards based on the International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) issued by the International Accounting Standards Board (IASB) up to the balance sheet date, in particular in accordance with the requirements of IAS 34. Neither the interim financial statements nor the interim management report have been subject to an audit review.
The preparation of the consolidated quarterly financial statements requires estimates and assumptions on the part of the Management Board, which affect the amounts in the assets and liabilities and in the income statement. Actual results may differ from these estimates. Deviations from the plans may result from changes in consumer behavior or changes in the behavior of licensors or trading partners (customers, suppliers).There have been no changes in assumptions compared with the last consolidated financial statements.
The consolidated quarterly financial statements were prepared using uniform accounting and valuation methods that are virtually unchanged from those used in the last consolidated financial statements.The reporting currency is the euro.
Business performance in the first nine months of 2025
Consolidated revenue of € 11.9 million (previous year: € 14.7 million) was achieved in the first nine months of the current financial year. Revenue in the key accounts segment declined by k€ 3,009, while revenue in the specialist retail segment increased by k€ 289 compared with the previous year.
The reason for the decline in the key accounts segment relates to the timing of promotional campaigns before and after the reporting date. In the current financial year, numerous campaigns have shifted into the fourth quarter ahead of the Christmas season.
Consolidated EBITDA amounted to € 0.9 million, below the previous-year level. EBIT declined to
€ 0.7 million (previous year: € 1.1 million). Consolidated net income amounted to € 0.2 million (previous year: € 0.4 million), representing a net profit margin of 1.7%.
All three operating subsidiaries recorded positive earnings for the first nine months.
Operating cash flow amounted to € -0.4 million, compared with € 0.9 million in the previous year. This decline is mainly attributable to high inventory purchases for deliveries related to retail and e-commerce Christmas promotions in the fourth quarter.
Earnings in the key accounts segment decreased by € 0.7 million to € 3.2 million (previous year:
€ 3.9 million). Earnings in the specialist retail segment remained stable at € 2.0 million (previous year: € 2.0 million).
General administrative expenses slightly decreased to k€ 4,510 (previous year: k€ 4,660). Segment reporting is therefore as follows:
Primary reporting format - Customer segments
(unaudited) | ||||
9M 2025 | unlocated | |||
in k€ | Special Retail | Key Account | items | Group |
Sales revenue | 2,460 | 9,475 | 0 | 11,935 |
Segment expenses | -438 | -6,267 | 0 | -6,705 |
Segment result | 2,022 | 3,208 | 0 | 5,230 |
Depreciations / amortisation | -213 | |||
Staff costs | -1,976 | |||
Other operating income | 176 | |||
Other operating expenses | -2,534 | |||
Finance income | 0 | |||
Finance cost | -377 | |||
Result from ordinary activities | 306 | |||
Taxes | -61 | |||
Consolidated annual result | 245 | |||
Special Retail | Key Account | unlocated items | Group | |
Segment assets (in €m) | 4.8 | 19.6 | 4.2 | 28.7 |
Segment liabilities (in €m) | 3.3 | 11.6 | 10.8 | 25.7 |
Secondary reporting format - Geographical segments (in k€)
Sales revenues | 9M 2025 | 9M 2024 |
Germany | 9,512 | 13,507 |
Rest of the World | 2,422 | 1,148 |
Group | 11,935 | 14,655 |
Total assets | 9M 2025 | 9M 2024 |
Germany | 4,866 | 4,899 |
Rest of the World | 3,058 | 3,058 |
Group | 7,924 | 7,957 |
9M 2024 in k€ | Special Retail | Key Account | unlocated items | Group |
Sales revenue | 2,171 | 12,484 | 0 | 14,655 |
Segment expenses | -192 | -8,611 | 0 | -8,803 |
Segment result | 1,979 | 3,873 | 0 | 5,852 |
Depreciations / amortisation | -199 | |||
Staff costs | -2,077 | |||
Other operating income | 90 | |||
Other operating expenses | -2,583 | |||
Finance income | 0 | |||
Finance cost | -611 | |||
Result from ordinary activities | 472 | |||
Taxes | -25 | |||
Consolidated annual result | 447 | |||
Special Retail | Key Account | unlocated items | Group | |
Segment assets (in €m) | 3.3 | 20.1 | 4.4 | 27.8 |
Segment liabilities (in €m) | 2.6 | 14.5 | 7.5 | 24.6 |
Financial Position
Property, plant and equipment decreased by k€ 96 compared with 31 December 2024.
As at the same reporting date, inventories increased by k€ 2,760 to k€ 9,030, with k€ 8,783 held by the German parent company. The increase is due to merchandise already received or in transit for retail promotional campaigns scheduled for the fourth quarter, which are significantly above the previous-year level. In addition, inventory levels for the e-commerce segment have been increased due to its growth. In e-commerce, the Company generates 70% of annual revenue in November and December.
Trade receivables decreased by € 1.9 million to € 2.1 million as at 30 September 2025 compared with 31 December 2024.
At Group level, the equity ratio increased to 10.4% (31 December 2024: 10.3%).At the parent company, the equity ratio decreased to 16.8%. Book value per share amounted to € 0.43. Equity covered 26.0% of non-current assets and 11.6% of current liabilities. Pension provisions were increased as planned. Long-term financial liabilities increased by k€ 892 compared with 31 December 2024, while current liabilities decreased significantly by k€ 3,146.
Related party disclosures
Breakdown of sales in the first 9 months 2025 for Key Account and Special Retail in % (k€)
The Management Board member of UNITEDLABELS AG, Mr Peter Boder, together with Facility Management Münster GmbH, of which he holds 100% of the shares, owns 35.9% of UNITEDLABELS AG.
In addition to remuneration paid to the Management Board and Supervisory Board, business relations exist with Facility Management Münster GmbH. In 2025, this included expenses from a rental agreement for the premises at Gildenstrasse 2j amounting to k€ 39 (previous year: k€ 39) and income from the leasing of roof space at the buildings located at Gildenstrasse 6 and 21 for the installation and operation of a photovoltaic system. UNITEDLABELS AG receives an annual net usage fee of € 4,980 for Gildenstrasse 21 and € 450 for Gildenstrasse 6.
21%
(2,460 k€)
79%
(9,475 k€)
Furthermore, Mr Boder is the owner of the office and warehouse building, including the land, located at Gildenstrasse 6, which is leased to the Company. The lease runs until 31 December 2027, with monthly rent of k€ 18.
Facility Management Münster GmbH is wholly owned by Mr Boder. The Management Board member, Mr Boder, and Facility Management Münster GmbH provided loans to UNITEDLABELS AG in the reporting year. Under the credit facility agreement, UNITEDLABELS AG may utilise up to k€ 2,100 until the contract expires on 31 March 2026.
As at the end of the third quarter, total utilisation of these loans by UNITEDLABELS AG amounted to k€ 1,014. Elfen Service GmbH and House of Trends europe GmbH did not draw on the loan. The maximum utilisation for UNITEDLABELS AG was k€ 1,014. The loan bears interest at 7.5% p.a. Interest expenses incurred in the first nine months of 2025 amounted to k€ 25.
The UNITEDLABELS Group uses available liquidity to minimise interest payments across the Group. In addition, intra-group supply relationships exist between the individual companies. As of the reporting date, total short-term receivables and payables between Group companies amounted to k€ 4,194 (previous year: k€ 1,453). These balances were eliminated in connection with debt consolidation.
Employees
As at the reporting date, the UNITEDLABELS Group employed 39 full-time equivalent staff members (previous year: 43).The average number of full-time equivalent employees in the current financial year was also 39 (previous year: 40). Revenue per employee amounted to k€ 306 in the first nine months (previous year: k€ 366).
Events after the balance sheet date
No significant events occurred after the reporting date.
Shareholdings of the executive bodies
UNITEDLABELS AG had 6.93 million no-par-value bearer shares outstanding as of 30 September 2025. The Management Board and Supervisory Board held the following shareholdings as at that date:
Peter Boder, Management Board member, held a total of 35.9% of the shares directly and indirectly.As of 30 September 2025, there were no outstanding stock options and no valid stock option programme.
Outlook
Business with German key accounts will again account for the majority of UNITEDLABELS AG's revenue in the 2025 financial year. The Group considers this area to offer the greatest growth and earnings potential. Direct sales to end customers via the online platforms of Elfen Service GmbH and through the Company's own outlet store will continue to gain importance.
To position UNITEDLABELS AG within the German and European markets and expand market share, the focus remains on high-quality, safe branded products in the media/ entertainment sector that are in strong demand. In particular, the e-commerce business and the key accounts segment are to be expanded and further strengthened.
To this end, UNITEDLABELS AG, together with its subsidiary Elfen Service GmbH, is accelerating its direct-to-consumer (B2C) e-commerce activities, offering products from the Company's brand portfolio supported by targeted marketing measures. The brand assortment for direct-to-consumer sales will be expanded to include the full range of the parent company's textile products, especially items specifically developed for e-commerce. As a result, the Group expects increasing revenue in end-customer business. This expectation is supported by revenue development in the previous financial year as well as performance in the first nine months of the current financial year, including stable return rates and comparatively high gross margins in the e-commerce segment, coupled with numerous new marketing initiatives.
To diversify risk and leverage opportunities, UNITEDLABELS is pursuing the acquisition of additional high-revenue retail partners and the strengthening and expansion of existing customer relationships. Geographical priorities include Germany, Benelux, the United Kingdom and Eastern Europe.
A significant improvement in the German business remains essential for further earnings growth at Group level. New brand rights have been acquired for this purpose, and sales efforts in the key accounts segment have been intensified. Revenue expansion in Germany remains crucial for achieving greater profitability.
For the 2025 financial year, the Group anticipates further revenue growth and a corresponding increase in EBIT compared to the previous year. Additional impacts of geopolitical tensions on the broader economic environment and thus on the Company's performance cannot be ruled out. Due to the current level of uncertainty, any potential effects cannot be forecast with sufficient reliability.
UNITEDLABELS Aktiengesellschaft, Muenster Group Statement of Comprehensive Income (IFRS)for the period 1 January to 30 September 2025
01.01.2025 30.09.2025 € % | 01.01.2024 30.09.2024 € % | 01.07.2025 30.09.2025 € % | 01.07.2024 30.09.2024 € % | ||
Revenues | 11,934,669.41 | 100.0 | 14,655,161.65 100.0 | 4,634,766.23 100.0 | 4,433,770.52 100.0 |
Cost of materials | -6,521,431.09 | -54.6 | -8,194,886.77 -55.9 | -3,001,117.72 -64.8 | -2,540,785.87 -57.3 |
Amortisation / write-down of usage rights | -182,629.75 | -1.5 | -608,470.70 -4.2 | -26,791.53 -0.6 | -141,503.84 -3.2 |
5,230,608.57 | 43.8 | 5,851,804.18 39.9 | 1,606,856.98 34.7 | 1,751,480.81 39.5 | |
Other operating income | 176,231.61 | 1.5 | 89,523.96 0.6 | 64,567.92 1.4 | 20,033.61 0.5 |
Staff costs | -1,975,586.87 | -16.6 | -2,076,541.15 -14.2 | -656,758.82 -14.2 | -698,678.51 -15.8 |
Depreation of property plant and equipment and amortisation of intangible assets (excl. amortisation/write-down of usage rights) | -213,383.72 | -1.8 | -198,946.95 -1.4 | -67,639.68 -1.5 | -70,925.25 -1.6 |
Other operating expenses | -2,533,724.79 | -21.2 | -2,583,256.70 -17.6 | -694,986.91 -15.0 | -994,441.28 -22.4 |
Result of operational activities | 684,144.80 | 5.7 | 1,082,583.34 7.4 | 252,039.49 5.4 | 7,469.38 0.2 |
Finance income | 0.00 | 0.0 | 5.0 0.0 | 0.00 0.0 | 0.00 0.0 |
Finance cost | -376,615.89 | -3.2 | -610,546.68 -4.2 | -135,705.19 -2.9 | -161,790.93 -3.6 |
Net finance cost | -376,615.89 | -3.2 | -610,541.68 -4.2 | -135,705.19 -2.9 | -161,790.93 -3.6 |
Profit before tax | 307,528.91 | 2.6 | 472,041.66 3.2 | 116,334.30 2.5 | -154,321.55 -3.5 |
Taxes on income | -61,859.50 | -0.5 | -25,177.69 -0.2 | -7,872.60 -0.2 | -9,757.07 -0.2 |
Profit for the period | 245,669.41 | 2.1 | 446,863.97 3.0 | 108,461.70 2.3 | -164,078.62 -3.7 |
Result for the period attributable to owners | 245,730.51 | 2.1 | 447,039.75 3.1 | 108,482.02 2.3 | -163,928.76 -3.7 |
Result of the period attributable to non-controlling interests | -61.10 | 0.0 | -175.78 0.0 | -20.32 0.0 | -149.86 0.0 |
Other comprehensive income ("OCI"): Not to reclassify result: | |||||
Actuarial gains and losses | 0.00 | 0.0 | 0.0 0.0 | 0.00 0.0 | 0.00 0.0 |
Deferred taxes on actuarial gains and losses | 0.00 | 0.0 | 0.0 0.0 | 0.00 0.0 | 0.00 0.0 |
To reclassify result: | |||||
Exchange difference on translating foreign operations | -34,720.75 | -0.3 | 60,657.21 0.4 | 4,375.96 0.1 | -829.30 0.0 |
Total other comprehensive income | -34,720.75 | -0.3 | 60,657.21 0.4 | 4,375.96 0.1 | -829.30 0.0 |
Total comprehensive result | 210,948.66 | 1.8 | 507,521.18 3.5 | 112,837.66 2.4 | -164,907.92 -3.7 |
Result attributable to owners | 211,009.76 | 1.8 | 507,696.96 3.5 | 112,857.98 2.4 | -164,758.06 -3.7 |
Result attributable to non-controlling interests | -61.10 | 0.0 | -175.78 0.0 | -20.32 0.0 | -149.86 0.0 |
(unaudited)
Consolidated earnings (according to P&L) per share | ||||
basic | +0.04 € | +0.06 € | 0.02 € | -0.02 € |
diluted | +0.04 € | +0.06 € | 0.02 € | -0.02 € |
Weighted average shares outstanding | ||||
basic | 6,930,000 Stück | 6,930,000 Stück | 6,930,000 Stück | 6,930,000 Stück |
diluted | 6,930,000 Stück | 6,930,000 Stück | 6,930,000 Stück | 6,930,000 Stück |
UNITEDLABELS AG
(unaudited)
30.09.2025 k€ | 30.09.2024 k€ | |
Consolidated result of the period | 246 | 447 |
Interest income from financing activities | 56 | 611 |
Amortisation / write-down of usage rights | 183 | 608 |
Amortisation of intangible assets | 0 | 74 |
Depreciation of property, plant and equipment | 96 | 125 |
Change in provisions | 3,147 | 3,663 |
Other non-cash income | 83 | 103 |
Profit or loss on disposal of non-current assets | 0 | 18 |
Change in inventories, trade receivables and other assets non attributable to investing or financial activities | -1,885 | -7,461 |
Change in trade payables or other liabilities not attributable to investing or financial activities | -2,364 | 2,700 |
Payments for income taxes | -47 | -7 |
Cash flows from operating activities | -368 | 888 |
Income from the sale of assets | 0 | 135 |
Payments for investments in non-current assets | -273 | -518 |
Cash flows from investing activities | -273 | -383 |
Proceeds from other loans | -153 | -384 |
Deposit loan main shareholder | 995 | 0 |
Payments for the repayment of other loans | -99 | -183 |
Interest paid | -321 | -550 |
Repayment of Leasing liabilities | -173 | -113 |
Cash flows from financing activities | 249 | -1,229 |
Net change in cash and cash equivalents | -392 | -724 |
Cash and cash equivalents at the beginning of the period | 414 | 762 |
Cash and cash equivalents | 22 | 38 |
Gross financial liabilities | 8,932 | 7,387 |
Net financial liabilities | 8,910 | 7,349 |
Composition of cash and cash equivalents Cash and cash equivalents | 22 | 38 |
(unaudited)
ASSETS | ||
Asset Values | 30.09.2025 € | 31.12.2024 € |
Non-current liabilities | ||
Property, plant and equipment | 3,281,871.43 | 3,377,941.47 |
Intangible assets | 4,642,402.57 | 4,369,313.44 |
Other assets | 2,472,695.31 | 2,472,695.31 |
Deferred taxes | 1,071,774.75 | 1,071,774.75 |
11,468,744.06 | 11,291,724.97 | |
Current assets | ||
Inventories | 9,030,023.38 | 6,269,698.04 |
Trade receivables | 2,134,851.84 | 4,065,887.48 |
Other assets | 5,990,472.29 | 4,934,265.20 |
Cash and cash equivalents | 21,727.94 | 413,599.99 |
17,177,075.45 | 15,683,450.71 | |
Total assets
28,645,819.51
26,975,175.68
UNITEDLABELS Aktiengesellschaft, Muenster Group Statement of Financial Position (IFRS) as at 30 September 2025(unaudited)
EQUITY AND LIABILITIESEquity | 30.09.2025 € | 31.12.2024 € |
Capital and reservesattributable to the owners of the parent company | ||
Issued capital | 6,930,000.00 | 6,930,000.00 |
Capital reserves | 2,058,267.41 | 2,058,267.41 |
Retained earnings | 1,498,242.70 | 1,498,242.70 |
Currency translation | -559,105.04 | -524,384.29 |
Consolidated unappropriated result | -6,964,914.05 | -7,210,644.56 |
Shareholders' equity | 2,962,491.02 | 2,751,481.26 |
Non-controlling interests | 17,410.07 | 17,471.17 |
Total equity | 2,979,901.09 | 2,768,952.43 |
Non-current liabilities | ||
Pension provision | 1,682,836.55 | 1,679,874.20 |
Provisions | 0.00 | 0.00 |
Finanicial liabilities | 8,007,082.87 | 7,115,110.79 |
Trade payables | 0.00 | 0.00 |
Deferred tax liabilities | 7,870.16 | 7,593.46 |
9,697,789.58 | 8,802,578.45 | |
Current liabilities | ||
Provisions | 6,875,904.50 | 3,731,681.56 |
Current tax payable | 1,290,427.96 | 720,501.09 |
Finacial liabilities | 924,941.88 | 928,115.68 |
Trade and other payables | 6,876,854.50 | 10,023,346.47 |
15,968,128.84 | 15,403,644.80 | |
Total liabilities | 25,665,918.42 | 24,206,223.25 |
Total equity and liabilities | 28,645,819.51 | 26,975,175.68 |
(unaudited)
cumulative | Balance Item | Total | |||||
Issued | Capital | Retained | consolidated | for currency | Minority | (Group | |
capital | reserves | earnings | result | translation | Equity | Interest | Equity) |
k€ | k€ | k€ | k€ | k€ | k€ | k€ | k€ |
Balance at 31.12.2022 | 6,930 | 2,058 | 1,543 | -7,818 | -513 | 2,200 | 18 | 2,218 |
Balance at 01.01.2023 | 6,930 | 2,058 | 1,543 | -7,818 | -513 | 2,200 | 18 | 2,218 |
Consolidated result 2023 | 0 | 0 | 0 | 632 | 0 | 632 | 0 | 632 |
Other gains and losses
Currency translations | 0 | 0 | 0 | 0 | -69 | -69 | 0 | -69 |
Actuarial gains and losses | 0 | 0 | -119 | 0 | 0 | -119 | 0 | -119 |
Deferred taxes | 0 | 0 | 38 | 0 | 0 | 38 | 0 | 38 |
Total result for the period | 0 | 0 | -81 | 632 | -69 | 482 | 0 | 482 |
Balance at 31.12.2023 | 6,930 | 2,058 | 1,462 | -7,186 | -582 | 2,682 | 18 | 2,699 |
Balance at 01.01.2024 before adjustment | 6,930 | 2,058 | 1,462 | -7,186 | -582 | 2,682 | 18 | 2,699 |
Adjustment of opening balance | 0 | 0 | 0 | -181 | 0 | -181 | 0 | -181 |
Balance at 01.01.2024 after adjustment | 6,930 | 2,058 | 1,462 | -7,367 | -582 | 2,501 | 18 | 2,519 |
Consolidated result 2024 | 0 | 0 | 0 | 156 | 0 | 156 | 0 | 156 |
Other gains and losses
Currency translations 0 0 0 0 58 58 0 58 |
Actuarial gains and losses 0 0 53 0 0 53 0 53 |
Deferred taxes 0 0 -17 0 0 -17 0 -17 |
Total result for the period 0 0 36 156 58 251 0 250 |
Balance at 31.12.2024 6,930 2,058 1,498 -7,211 -524 2,751 17 2,769 |
Balance at 01.01.2025 6,930 2,058 1,498 -7,211 -524 2,751 17 2,769 |
Consolidated result 9M 2025 | 0 | 0 | 0 | 246 | 0 | 246 | 0 | 246 |
Other gains and losses | ||||||||
Currency translations | 0 | 0 | 0 | 0 | -35 | -35 | 0 | -35 |
Actuarial gains and losses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total comprehensive income for the period | 0 | 0 | 0 | 246 | -35 | 211 | 0 | 211 |
Balance at 30.09.2025 | 6,930 | 2,058 | 1,498 | -6,965 | -559 | 2,962 | 17 | 2,980 |
ADDRESSES
UNITEDLABELS AG
Gildenstrasse 6
48157 Muenster Germany
phone: +49 (0) 251 - 3 221-0
fax: +49 (0) 251 - 3 221-999
info@unitedlabels.com https://www.unitedlabels.com
Elfen Service GmbH Gildenstrasse 6
FINANCIAL CALENDAR 2025
For further information UNITEDLABELS or its financial result:
phone:
+49 (0) 2 51 - 32 21 - 0
fax:
+49 (0) 2 51 - 32 21 - 999
e-mail:
investorrelations@unitedlabels.com
November 2025
· Publication of
9-Month Report
48157 Muenster Germany
phone: +49 (0) 251 - 3 221-626
fax: +49 (0) 251 - 3 221-852
info@elfen.de
UNITEDLABELS Comicware Ltd. Unit 1B, 11/F
Trans Asia Centre 18 Kin Hong Street Kwai Chung
N.T. Hongkong
info-hk@unitedlabels.com
House of Trends europe GmbH Gildenstrasse 6
48157 Muenster Germany
phone: +49 (0) 251 - 3 221-0
fax: +49 (0) 251 - 3 221-999
info@houseoftrends.com
Colombine bvba Bisschopsdreef 39
8310 Bruges Belgium
phone: +49 (0) 251 - 3 221-0
fax: +49 (0) 251 - 3 221-999
UNITEDLABELS AG
Gildenstrasse 6
48157 Muenster Germany
phone: +49 (0) 251 - 3221-0
fax: +49 (0) 251 - 3221-999
info@unitedlabels.com https://www.unitedlabels.com