Au Clair Matin
ActiveSummary
Au Clair Matin has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546k and a net result of €26k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 534 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+3
Solvency96▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.95 against 3.81 in 2024; short-term debt: 18.1% and cash: 73.6% of total assets), and 29.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.7%
Return on assets
3.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
41 d early
2023
9 d late
2022
32 d early
2021
25 d early
2020
12 d early
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▲ 174%
2024 · €9k
2018: €24k
2019: €18k▼ -26.5% vs 2018
2020: €17k▼ -5.8% vs 2019
2021: €-896▼ -105% vs 2020lowest in 8 years
2022: €11k▲ +1284% vs 2021
2023: €18k▲ +71.3% vs 2022
2024: €9k▼ -48.7% vs 2023
2025: €26k▲ +174% vs 2024highest in 8 years
2018 → 2025
Working capital
€553k▲ 21.3%
2024 · €456k
2018: €380klowest in 8 years
2019: €441k▲ +16.2% vs 2018
2020: €413k▼ -6.3% vs 2019
2021: €383k▼ -7.3% vs 2020
2022: €398k▲ +4.0% vs 2021
2023: €417k▲ +4.8% vs 2022
2024: €456k▲ +9.3% vs 2023
2025: €553k▲ +21.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€478k-€489k▲ 2.2%€507k▲ 3.7%€516k▲ 1.8%€546k▲ 5.6%
2021: €478klowest in 5 years
2022: €489k▲ +2.2% vs 2021
2023: €507k▲ +3.7% vs 2022
2024: €516k▲ +1.8% vs 2023
2025: €546k▲ +5.6% vs 2024highest in 5 years
Operating result€-418-€11k€18k▲ 58.5%€8k▼ 53.4%€25k▲ 202%
2021: €-418lowest in 5 years
2022: €11k▲ +2773% vs 2021
2023: €18k▲ +58.5% vs 2022
2024: €8k▼ -53.4% vs 2023
2025: €25k▲ +202% vs 2024highest in 5 years
Net result€-896-€11k€18k▲ 71.3%€9k▼ 48.7%€26k▲ 174%
2021: €-896lowest in 5 years
2022: €11k▲ +1284% vs 2021
2023: €18k▲ +71.3% vs 2022
2024: €9k▼ -48.7% vs 2023
2025: €26k▲ +174% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 202% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €771k
Fixed assets
€78k ▼ 11.8%
Current assets
€693k ▲ 12.1%
Equity and liabilities €771k
Equity
€546k ▲ 5.6%
Debt
€226k ▲ 18.6%
Debt's share of the balance-sheet total rises from 26.9% to 29.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52k▲
2024 · €35k
Cash flow
€52k▲
2024 · €37k
Current ratio
4.95▲
2024 · 3.81
Debt to equity
0.41▲
2024 · 0.37
ROE
4.7%▲
2024 · 1.8%
ROA
3.3%▲
2024 · 1.3%
Interest coverage
131.65▲
2024 · 92.29
Debt ≤ 1 year
€140k▼
2024 · €162k
Staff costs
€920k▲
2024 · €891k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€707k€771k▲
Fixed assets21/28€88k€78k▼
Tangible fixed assets22/27€88k€78k▼
Plant, machinery and equipment23€70k€71k▲
Furniture and vehicles24€18k€6k▼
Current assets29/58€618k€693k▲
Amounts receivable within one year40/41€124k€117k▼
Trade receivables40-€2k
Other amounts receivable41€124k€115k▼
Cash at bank and in hand54/58€489k€568k▲
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€707k€771k▲
Equity10/15€516k€546k▲
Contributions10/11€8k€8k=
Capital10€8k€8k=
Profit (loss) carried forward14€508k€534k▲
Investment grants15-€4k
Amounts payable17/49€190k€226k▲
Amounts payable within one year42/48€162k€140k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€139k€124k▼
Taxes450/3€23k€24k▲
Remuneration and social security454/9€116k€100k▼
Accrued charges and deferred income492/3€28k€86k▲
Income statement
Code20242025
Non-recurring operating income76A€1-
Remuneration, social security and pensions62€891k€920k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▼
Other operating charges640/8€973€2k▲
Non-recurring operating charges66A€26€914▲
Gross operating margin9900€928k€974k▲
Operating profit (loss)9901€8k€25k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€384€392▲
Recurring financial charges65€384€392▲
Profit (loss) for the period before taxes9903€9k€26k▲
Profit (loss) for the period9904€9k€26k▲
Profit (loss) for the period to be appropriated9905€9k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€508k€534k▲
Profit (loss) brought forward from the previous period14P€499k€508k▲
Social balance
Average headcount (FTE)908711.111.1=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €34 | - | €1 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €161k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €731k | €783k | €838k | €891k | €920k | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €27k | €28k | €27k | €27k | ▼ 1.8% |
| Other operating charges640/8 | €2k | €705 | €945 | €973 | €2k | ▲ 55.7% |
| Non-recurring operating charges66A | €1k | - | €76 | €26 | €914 | ▲ 3,415% |
| Gross operating margin9900 | €761k | €822k | €884k | €928k | €974k | ▲ 5.0% |
| Operating profit (loss)9901 | €-418 | €11k | €18k | €8k | €25k | ▲ 202% |
| Financial income75/76B | - | - | €944 | €1k | €1k | ▼ 30.8% |
| Recurring financial income75 | - | - | €944 | €1k | €1k | ▼ 30.8% |
| Financial charges65/66B | €478 | €569 | €481 | €384 | €392 | ▲ 2.1% |
| Recurring financial charges65 | €478 | €569 | €481 | €384 | €392 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €-896 | €11k | €18k | €9k | €26k | ▲ 174% |
| Profit (loss) for the period9904 | €-896 | €11k | €18k | €9k | €26k | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | €-896 | €11k | €18k | €9k | €26k | ▲ 174% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €710k | €729k | €642k | €707k | €771k | ▲ 9.1% |
| Fixed assets21/28 | €95k | €91k | €90k | €88k | €78k | ▼ 11.8% |
| Tangible fixed assets22/27 | €95k | €91k | €90k | €88k | €78k | ▼ 11.8% |
| Plant, machinery and equipment23 | €54k | €61k | €70k | €70k | €71k | ▲ 1.4% |
| Furniture and vehicles24 | €41k | €30k | €20k | €18k | €6k | ▼ 63.8% |
| Current assets29/58 | €615k | €638k | €553k | €618k | €693k | ▲ 12.1% |
| Amounts receivable within one year40/41 | €124k | €116k | €92k | €124k | €117k | ▼ 5.8% |
| Trade receivables40 | - | - | - | - | €2k | - |
| Other amounts receivable41 | €124k | €116k | €92k | €124k | €115k | ▼ 7.5% |
| Cash at bank and in hand54/58 | €485k | €517k | €455k | €489k | €568k | ▲ 16.2% |
| Deferred charges and accrued income490/1 | €6k | €5k | €5k | €5k | €9k | ▲ 61.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €710k | €729k | €642k | €707k | €771k | ▲ 9.1% |
| Equity10/15 | €478k | €489k | €507k | €516k | €546k | ▲ 5.6% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Capital10 | - | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €470k | €481k | €499k | €508k | €534k | ▲ 5.0% |
| Investment grants15 | - | - | - | - | €4k | - |
| Amounts payable17/49 | €232k | €240k | €135k | €190k | €226k | ▲ 18.6% |
| Amounts payable within one year42/48 | €232k | €240k | €135k | €162k | €140k | ▼ 13.8% |
| Trade debts44 | €5k | €9k | €6k | €9k | €3k | ▼ 61.9% |
| Suppliers440/4 | €5k | €9k | €6k | €9k | €3k | ▼ 61.9% |
| Taxes, remuneration and social security45 | €106k | €142k | €115k | €139k | €124k | ▼ 11.3% |
| Taxes450/3 | €17k | €21k | €21k | €23k | €24k | ▲ 4.5% |
| Remuneration and social security454/9 | €89k | €121k | €94k | €116k | €100k | ▼ 14.5% |
| Accrued charges and deferred income492/3 | €50 | - | €112 | €28k | €86k | ▲ 206% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-896 | €11k | €18k | €9k | €26k | ▲ 174% |
| + Depreciation and write-downs630 | €27k | €27k | €28k | €27k | €27k | ▼ 1.8% |
| Operating cash flow (approximation) | €26k | €38k | €46k | €37k | €52k | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | €-23k | €-27k | €-26k | €-16k | ▲ 36.9% |
| Change in cash | - | €32k | €-62k | €34k | €79k | ▲ 134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €26k ▲174%
Operating result €25k, net result €26k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
2023
31-12
Financial
Equity above €500kEq €507k ▲3.7%
2 profitable years in a row build equity to €507k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-896
Net result drops to €-896, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braives · 1 establishment unit since 2006
Ground area
1.1 ha
Building footprint
293 m²
Volume, LiDAR
3,068 m³
Parcel 64015A1084/00E000, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Au Clair Matin
since 20062.156.754.121
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64015A1084/00E000 | Wallonia | 1.1 ha | 1 · 293 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 47 entries · 3,452,670 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 33 | 981,690 EUR |
| 2024 | 5 | 923,940 EUR |
| 2023 | 4 | 761,627 EUR |
| 2022 | 2 | 760,055 EUR |
| 2021 | 3 | 25,358 EUR |
Budget allocations
Subventions aux services résidentiels et aux services qui mettent en œuvre un projet éducatif particulier
Initiatives diverses, projets particuliers et innovants
Fonds budgétaire destiné à subventionner des actions et des mesures d'aide à la jeunesse et de protection de la jeunesse
Aide forfaitaire face aux frais médicaux portés par les familles d'accueil et les services agréés
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraives2.156.754.121
Similar companies · same sector, comparable size
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La Tramontane
BE 0420.787.582
Elsene · Eq €541k
LA MAISON DE NOS ENFANTS
BE 0447.307.877
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Foyer Lilla Monod
BE 0409.625.060
Elsene · Eq €557k
Of 228 companies in sector 87991 we hold annual accounts for 209. 168 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded29-03-1974
Fiscal year end31-12
Activities, NACEBEL 2025
87991Residential care activities
Scores and ratios are computed by Checked and are not a credit decision.