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2 CLEVER

Active
Public limited company·Productie van elektriciteit uit niet-hernieuwbare bronnen· 3 yrs active
Kortrijksesteenweg 387 ·8530 Harelbeke, Belgium
KBO/BCE: BE 0790.476.358
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age3 yrs
Board4
Real estate2 parcels · 3,333 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of 2 CLEVER is 0.5% (low). The 2025 annual accounts show equity of €311k and a net result of €17k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 64 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.5% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

3 signals · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 64 sector peers (2025).
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend
Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 22-05-2026 70 d early 2026-00118634
31-12-2024 31-07-2025 15-09-2025 46 d late 2025-00495052
31-12-2023 31-07-2024 31-08-2024 31 d late 2024-00426626

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€17k-88.0%
Working capital€-1.58M+13.0%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 22-05-2026 with the NBB · fiscal year 2025 · verkort
€0€100k€200k€300kOperating result 2023: €104k€104kNet result 2023: €55k€55kOperating result 2024: €319k€319kNet result 2024: €139k€139kOperating result 2025: €230k€230kNet result 2025: €17k€17k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~26.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2026: €389k (€364k - €414k)2027: €467k (€442k - €492k)2028: €545k (€520k - €570k)2023: €155k2024: €294k2025: €311k202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 35 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 4.4% 28.2%
better than 21% of 64 sector peers
Net result €17k €11k
better than 55% of 62 sector peers
Equity €311k €320k
better than 50% of 64 sector peers
Gross operating margin €497k €47k
better than 82% of 47 sector peers
Total assets €7.10M €1.48M
better than 62% of 64 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P21
2023: P28 · n=1812024: P31 · n=2342025: P21 · n=642023 2025
Stable position over 2023-2025 · n=64-234
Net result P55
2023: P68 · n=1812024: P85 · n=2332025: P55 · n=622023 2025
Weakening position over 2023-2025 · n=62-233
Equity P50
2023: P55 · n=1812024: P61 · n=2342025: P50 · n=642023 2025
Stable position over 2023-2025 · n=64-234
Gross operating margin P82
2023: P70 · n=1492024: P88 · n=1972025: P82 · n=472023 2025
Stable position over 2023-2025 · n=47-197
Describes the position versus peers, not a forecast.
EBITDA
€488k
+9.0% 23-25
Net profit
€17k
-88.0% 23-25
Cash flow
€275k
+2.4% 23-25
Total assets
€7.10M
+127.2% 23-25
Equity
€311k
+5.7% 23-25
Working capital
€-1.58M
+13.0% 23-25
Employees (FTE)
0
- 23-25
Income taxes
€-39
- 23-25
Debt
€6.79M
+139.8% 23-25
Debt ≤ 1y
€2.08M
-16.6% 23-25
Debt > 1y
€4.71M
+1306.9% 23-25
Current ratio
0.24
-11.5% 23-25
Quick ratio
0.24
-11.5% 23-25
Solvency
4.4%
-53.5% 23-25
Debt / equity
21.83
+126.9% 23-25
ROE
5.4%
-88.6% 23-25
ROA
0.2%
-94.7% 23-25
Interest coverage
2.29
-34.9% 23-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€488k
Net profit€17k
Cash flow€275k
Staff costs-
Income taxes€-39
Dividends-
Total assets€7.10M
Equity€311k
Debt€6.79M
of which ≤ 1y€2.08M
of which > 1y€4.71M
Working capital€-1.58M
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.24
Quick ratio0.24
Working capital ratio-22.3%
Solvency4.4%
Debt / equity21.83
Long-term debt ratio15.13
Interest coverage2.29
Gross margin-
Net margin-
ROA0.2%
ROE5.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€7.10M
Fixed assets 21/28€6.60M
Intangible fixed assets 21€244k
Tangible fixed assets 22/27€6.36M
Current assets 29/58€500k
Amounts receivable within one year 40/41€128k
Cash & bank 54/58€371k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.10M
Equity 10/15€311k
Contributions / capital 10/11€100k
Reserves 13€10k
Accumulated profits (losses) 14€201k
Amounts payable 17/49€6.79M
Amounts payable after one year 17€4.71M
Amounts payable within one year 42/48€2.08M
Trade debts payable within one year 44€557k
Income statement
Gross operating margin 9900€497k
Operating result 9901€230k
Financial income 75€75
Financial charges 65€213k
Result before taxes 9903€17k
Income taxes 67/77€-39
Net result for the period 9904€17k
Result to be appropriated 9905€17k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
31 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

under verification
Directors derived from a single State Gazette act, under verification
All 4 current directors first appear in the same act (25081709). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • BV LUDEMLegal entity
    A bestuurder· perm. rep.: Luc Demeyere
    State Gazette act 25081709 (30-06-2025)
    Current
    23-04-2025 → present
  • BV QUATROBELLegal entity
    B bestuurder· perm. rep.: Johan Vanovenberghe
    State Gazette act 25081709 (30-06-2025)
    Current
    23-04-2025 → present
  • BV RIGOLLELegal entity
    A bestuurder· perm. rep.: Stijn Rigolle
    State Gazette act 25081709 (30-06-2025)
    Current
    23-04-2025 → present
  • NV FEDERALE PARTICIPATIE-EN INVESTERINGSMAATSCHAPPIJLegal entity
    A bestuurder· perm. rep.: Leon Cappaert
    State Gazette act 25081709 (30-06-2025)
    Current
    23-04-2025 → present
Permanent representatives (2)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • BV AYERS INVESTLegal entity
    Permanent representative· perm. rep.: Karel Gielen
    State Gazette act 25081709 (30-06-2025)
    Permanent representative
    - → 23-04-2025
  • BV MG RE INVESTMENTLegal entity
    Permanent representative· perm. rep.: Ignace De Paepe
    State Gazette act 25081709 (30-06-2025)
    Permanent representative
    - → 23-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Productie van elektriciteit uit niet-hernieuwbare bronnen(35110)
Legal form Public limited company(014)
Incorporation06-09-2022
StatusActive
Postal code8530

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
12 companies at this address See who is registered here

Establishment units

1 location
6 AM Energy Belgium
Esplanade Oscar Van de Voorde 1, 9000 GentProductie van elektriciteit uit niet-hernieuwbare bronnen
since 20222.338.194.007
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,333 m²
Buildings2
Building footprint1,207 m²
Volume (LiDAR)2,821 m³
Tallest building8.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809I0649/52A002 Flanders 1,701 m² 1 · 822 m² 4.8 m
34013A1207/00X007 Flanders 1,632 m² 1 · 385 m² 8.8 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
All acts · 2 updated 11 months ago
2025
18-08-2025 Publication in the Belgian Official Gazette, Minor change Minor change·Orinn VIJNCKE
Summary: Other address changeNotary: Orinn VIJNCKE · Wevelgem
30-06-2025 8 directors appointed, 2 resigning Director changes
  • Stijn Rigolle, A bestuurder
  • Luc Demeyere, A bestuurder
  • Leon Cappaert, A bestuurder
  • Johan Vanovenberghe, B bestuurder
  • Stijn Rigolle, Vaste vertegenwoordiger
  • Luc Demeyere, Vaste vertegenwoordiger
  • Stijn Rigolle, Vaste vertegenwoordiger
  • Luc Demeyere, Vaste vertegenwoordiger

Analysis

Snowflake analysis

financial profile on 5 axes
Health31Profitability27Solvency3Growth52Stability94
41 / 100

Fragile profile, watch solvency in particular.

All 5 axes are computed from data Checked has read.

Health 31
Profitability 27
Solvency 3
Growth 52
Stability 94

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 127 of the 817 companies in this sector. 81 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Productie van elektriciteit35110Productie van elektriciteit uit niet-hernieuwbare bronnen35110
Primary activity highlighted.
Names & trade names
Legal nameNL 2 CLEVER
Registered office
Kortrijksesteenweg 387
8530 Harelbeke, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.