C.S. CLAES
ActiveThe annual accounts of C.S. CLAES for fiscal year 2024 show a net loss of 83% of total assets and of 100% of the equity at the start of that year. The 2024 annual accounts show equity of €668 and a net result of €-202k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 10% of 36373 sector peers (fiscal year 2024). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-38
Solvency25▼-51
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.46 against 10.84 in 2023; short-term debt: 63.4% and cash: 0.5% of total assets), and 99.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.3%
Return on assets
-83%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
54 d late
2022
70 d late
2021
65 d late
2020
94 d late
2019
95 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€668▼ 99.7%
2023 · €203k
2018: €196k
2019: €197k
2020: €198k
2021: €199k
2022: €202k
2023: €203k
2018 → 2024
Total assets
€244k▼ 38.9%
2023 · €399k
2018: €551k
2019: €502k
2020: €487k
2021: €506k
2022: €497k
2023: €399k
2018 → 2024
Net result
€-202k
2023 · €988
2018: €1k
2019: €1k
2020: €1k
2021: €1k
2022: €3k
2023: €988
2018 → 2024
Working capital
€71k▼ 79.4%
2023 · €346k
2018: €382k
2019: €386k
2020: €360k
2021: €167k
2022: €203k
2023: €346k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€198k-€199k▲ 0.6%€202k▲ 1.5%€203k▲ 0.5%€668▼ 99.7%
Operating result€12k-€16k▲ 30.7%€10k▼ 35.7%€19k▲ 81.3%€-189k
Net result€1k-€1k▲ 2.1%€3k▲ 135%€988▼ 67.0%€-202k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €189k after €19k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €244k
Fixed assets
€18k=
Current assets
€226k▼ 40.7%
Equity and liabilities €244k
Equity
€668▼ 99.7%
Debt
€243k▲ 24.1%
The debt ratio rises from 49.1% to 99.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
0.3%▼
2023 · 50.9%
Current ratio
1.46▼
2023 · 10.84
Quick ratio
0.70▼
2023 · 2.97
ROA
-83.0%▼
2023 · 0.2%
Debt
€243k▲
2023 · €196k
Debt ≤ 1 year
€155k▲
2023 · €35k
Debt > 1 year
€89k▼
2023 · €161k
Income taxes
€5k▼
2023 · €12k
Staff costs
€37k▼
2023 · €106k
Equity ratios withheld: equity of €668 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€399k€244k▼
Fixed assets21/28€18k€18k=
Tangible fixed assets22/27€18k€18k=
Plant, machinery and equipment23€18k€18k=
Current assets29/58€381k€226k▼
Stocks and contracts in progress3€277k€118k▼
Stocks30/36€268k€109k▼
Contracts in progress37€9k€9k=
Amounts receivable within one year40/41€84k€68k▼
Trade receivables40€68k€68k▼
Other amounts receivable41€15k€620▼
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€19k€38k▲
Equity and liabilities
Total equity and liabilities10/49€399k€244k▼
Equity10/15€203k€668▼
Contributions10/11€25k€25k=
Capital10€25k€25k=
Issued capital100€25k€25k=
Reserves13€230k€230k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€2k€2k=
Other1319€6k€6k=
Distributable reserves133€222k€222k=
Profit (loss) carried forward14€-52k€-255k▼
Amounts payable17/49€196k€243k▲
Amounts payable after more than one year17€161k€89k▼
Financial debts170/4€144k€89k▼
Other amounts payable178/9€17k-
Amounts payable within one year42/48€35k€155k▲
Financial debts43€29k€150k▲
Credit institutions430/8€29k€150k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€106k€37k▼
Other operating charges640/8€4k€3▼
Gross operating margin9900€129k€-152k▼
Operating profit (loss)9901€19k€-189k▼
Financial income75/76B€3k-
Recurring financial income75€3k-
Non-recurring financial income76B€3k-
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€13k€-198k▼
Income taxes67/77€12k€5k▼
Profit (loss) for the period9904€988€-202k▼
Profit (loss) for the period to be appropriated9905€988€-202k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-255k▼
Profit (loss) brought forward from the previous period14P€-53k€-52k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-202k ▼20596%
Net result drops to €-202k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Liquidity times 6current ratio 10.84
Current ratio from 1.73 to 10.84; short-term debt falls from €277k to €35k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €3k ▲135%
Net result €3k, the highest in the series.
31-12
Financial
Equity above €200kEq €202k ▲1.5%
5 profitable years in a row build equity to €202k.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 38 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 69 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-05-2023
CLAES Jozef Emiel Marie: Resigned as Director
28-10-2004
Suzette Pauwels: Resigned as Manager
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kerkstraat 283540 Herk-de-StadGround area
2,050 m²
Building footprint
621 m²
Volume, LiDAR
3,604 m³
2 parcels, Flanders · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kerkstraat 23, 3540 Herk-de-Stad
since 19802.018.514.768
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71051B0393/00S002 | Flanders | 1,676 m² | 1 · 262 m² | 8.4 m · 2 fl. |
| 71051B0392/00Z002 | Flanders | 374 m² | 1 · 359 m² | 15.1 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 557 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-1980
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@csclaes.be
Phone:0475631278