CLADEM
ActiveSummary
CLADEM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €329k and a net result of €14k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-12
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.37 in 2024; short-term debt: 13.7% and cash: 10.3% of total assets), and 19.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
80.4%
Return on assets
3.4%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
34 d early
2023
68 d early
2022
48 d early
2021
32 d early
2020
51 d early
2019
16 d early
← 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, micro schema
Equity
€329k▼ 7.0%
2024 · €353k
2018: €240klowest in 8 years
2019: €261k▲ +8.7% vs 2018
2020: €295k▲ +13.0% vs 2019
2021: €316k▲ +7.1% vs 2020
2022: €301k▼ -4.7% vs 2021
2023: €329k▲ +9.4% vs 2022
2024: €353k▲ +7.3% vs 2023highest in 8 years
2025: €329k▼ -7.0% vs 2024
2018 → 2025
Total assets
€409k▼ 7.7%
2024 · €443k
2018: €410k
2019: €399k▼ -2.8% vs 2018
2020: €387k▼ -2.9% vs 2019
2021: €375k▼ -3.2% vs 2020
2022: €363k▼ -3.2% vs 2021lowest in 8 years
2023: €409k▲ +12.9% vs 2022
2024: €443k▲ +8.1% vs 2023highest in 8 years
2025: €409k▼ -7.7% vs 2024
2018 → 2025
Net result
€14k▼ 76.6%
2024 · €59k
2018: €41k
2019: €41k▲ +2.0% vs 2018
2020: €52k▲ +26.4% vs 2019
2021: €50k▼ -5.2% vs 2020
2022: €47k▼ -5.7% vs 2021
2023: €63k▲ +35.1% vs 2022highest in 8 years
2024: €59k▼ -6.9% vs 2023
2025: €14k▼ -76.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€11k▼ 44.4%
2024 · €20k
2018: €-76klowest in 8 years
2019: €-74k▲ +2.7% vs 2018
2020: €-47k▲ +36.1% vs 2019
2021: €-10k▲ +79.5% vs 2020
2022: €-5k▲ +52.2% vs 2021
2023: €15k▲ +415% vs 2022
2024: €20k▲ +36.5% vs 2023highest in 8 years
2025: €11k▼ -44.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€316k-€301k▼ 4.7%€329k▲ 9.4%€353k▲ 7.3%€329k▼ 7.0%
2021: €316k
2022: €301k▼ -4.7% vs 2021lowest in 5 years
2023: €329k▲ +9.4% vs 2022
2024: €353k▲ +7.3% vs 2023highest in 5 years
2025: €329k▼ -7.0% vs 2024
Operating result€67k-€62k▼ 6.9%€82k▲ 32.4%€77k▼ 5.9%€17k▼ 77.3%
2021: €67k
2022: €62k▼ -6.9% vs 2021
2023: €82k▲ +32.4% vs 2022highest in 5 years
2024: €77k▼ -5.9% vs 2023
2025: €17k▼ -77.3% vs 2024lowest in 5 years
Net result€50k-€47k▼ 5.7%€63k▲ 35.1%€59k▼ 6.9%€14k▼ 76.6%
2021: €50k
2022: €47k▼ -5.7% vs 2021
2023: €63k▲ +35.1% vs 2022highest in 5 years
2024: €59k▼ -6.9% vs 2023
2025: €14k▼ -76.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €409k
Fixed assets
€342k ▼ 7.5%
Current assets
€67k ▼ 8.7%
Equity and liabilities €409k
Equity
€329k ▼ 7.0%
Debt
€80k ▼ 10.6%
Debt's share of the balance-sheet total falls from 20.2% to 19.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52k▼
2024 · €107k
Cash flow
€48k▼
2024 · €89k
Current ratio
1.20▼
2024 · 1.37
Debt to equity
0.24▼
2024 · 0.25
ROE
4.2%▼
2024 · 16.6%
ROA
3.4%▼
2024 · 13.3%
Interest coverage
24.08▼
2024 · 63.83
Debt ≤ 1 year
€56k▲
2024 · €53k
Debt > 1 year
€21k▼
2024 · €29k
Income taxes
€4k▼
2024 · €20k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€443k€409k▼
Fixed assets21/28€369k€342k▼
Tangible fixed assets22/27€369k€342k▼
Land and buildings22€340k€324k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€26k€16k▼
Current assets29/58€73k€67k▼
Amounts receivable within one year40/41€733€3k▲
Trade receivables40€733€2k▲
Other amounts receivable41-€1k
Current investments50/53-€10k
Cash at bank and in hand54/58€70k€42k▼
Deferred charges and accrued income490/1€3k€12k▲
Equity and liabilities
Total equity and liabilities10/49€443k€409k▼
Equity10/15€353k€329k▼
Contributions10/11€19k€19k=
Reserves13€323k€301k▼
Distributable reserves133€323k€301k▼
Investment grants15€11k€9k▼
Amounts payable17/49€89k€80k▼
Amounts payable after more than one year17€29k€21k▼
Financial debts170/4€29k€21k▼
Amounts payable within one year42/48€53k€56k▲
Current portion of amounts payable after more than one year42€13k€17k▲
Trade debts44€5k€518▼
Suppliers440/4€5k€518▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€31k€36k▲
Accrued charges and deferred income492/3€7k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€48k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€35k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€37k
Other operating charges640/8€9k€9k▲
Gross operating margin9900€116k€98k▼
Operating profit (loss)9901€77k€17k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€78k€17k▼
Income taxes67/77€20k€4k▼
Profit (loss) for the period9904€59k€14k▼
Profit (loss) for the period to be appropriated9905€59k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€14k▼
Transfer from equity791/2€16k€23k▲
Transfer to equity691/2€42k-
To other reserves6921€42k-
Profit to be distributed694/7€33k€36k▲
Return on contributions (dividend)694€33k€33k=
Directors or managers695-€4k
The notes to these accounts (8 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 | - | - | €16k | - | €48k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €28k | €27k | €30k | €35k | ▲ 14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €37k | - |
| Other operating charges640/8 | €8k | €8k | €9k | €9k | €9k | ▲ 3.1% |
| Gross operating margin9900 | €101k | €98k | €118k | €116k | €98k | ▼ 15.5% |
| Operating profit (loss)9901 | €67k | €62k | €82k | €77k | €17k | ▼ 77.3% |
| Financial income75/76B | €2k | €2k | €2k | €3k | €2k | ▼ 24.0% |
| Recurring financial income75 | €2k | €2k | €2k | €3k | €2k | ▼ 24.0% |
| Financial charges65/66B | €2k | €518 | €2k | €2k | €2k | ▲ 28.4% |
| Recurring financial charges65 | €2k | €518 | €2k | €2k | €2k | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €67k | €63k | €82k | €78k | €17k | ▼ 77.7% |
| Income taxes67/77 | €17k | €17k | €19k | €20k | €4k | ▼ 81.1% |
| Profit (loss) for the period9904 | €50k | €47k | €63k | €59k | €14k | ▼ 76.6% |
| Profit (loss) for the period to be appropriated9905 | €50k | €47k | €63k | €59k | €14k | ▼ 76.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375k | €363k | €409k | €443k | €409k | ▼ 7.7% |
| Fixed assets21/28 | €335k | €311k | €339k | €369k | €342k | ▼ 7.5% |
| Tangible fixed assets22/27 | €335k | €311k | €339k | €369k | €342k | ▼ 7.5% |
| Land and buildings22 | €329k | €308k | €298k | €340k | €324k | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €3k | €2k | €3k | €2k | ▼ 45.1% |
| Furniture and vehicles24 | €7k | €711 | €39k | €26k | €16k | ▼ 40.3% |
| Current assets29/58 | €39k | €51k | €70k | €73k | €67k | ▼ 8.7% |
| Amounts receivable within one year40/41 | - | €2k | - | €733 | €3k | ▲ 301% |
| Trade receivables40 | - | €2k | - | €733 | €2k | ▲ 123% |
| Other amounts receivable41 | - | - | - | - | €1k | - |
| Current investments50/53 | - | - | €35k | - | €10k | - |
| Cash at bank and in hand54/58 | €36k | €46k | €31k | €70k | €42k | ▼ 39.7% |
| Deferred charges and accrued income490/1 | €4k | €3k | €4k | €3k | €12k | ▲ 297% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375k | €363k | €409k | €443k | €409k | ▼ 7.7% |
| Equity10/15 | €316k | €301k | €329k | €353k | €329k | ▼ 7.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €280k | €267k | €297k | €323k | €301k | ▼ 7.0% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €278k | €267k | €297k | €323k | €301k | ▼ 7.0% |
| Investment grants15 | €17k | €15k | €13k | €11k | €9k | ▼ 17.8% |
| Amounts payable17/49 | €59k | €62k | €80k | €89k | €80k | ▼ 10.6% |
| Amounts payable after more than one year17 | - | - | €17k | €29k | €21k | ▼ 30.0% |
| Financial debts170/4 | - | - | €17k | €29k | €21k | ▼ 30.0% |
| Amounts payable within one year42/48 | €49k | €56k | €56k | €53k | €56k | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | €14k | - | €8k | €13k | €17k | ▲ 30.2% |
| Trade debts44 | €2k | €980 | €2k | €5k | €518 | ▼ 89.5% |
| Suppliers440/4 | €2k | €980 | €2k | €5k | €518 | ▼ 89.5% |
| Taxes, remuneration and social security45 | €5k | €3k | €2k | €5k | €3k | ▼ 47.9% |
| Taxes450/3 | €5k | €3k | €2k | €5k | €3k | ▼ 47.9% |
| Other amounts payable47/48 | €28k | €52k | €44k | €31k | €36k | ▲ 17.3% |
| Accrued charges and deferred income492/3 | €10k | €6k | €7k | €7k | €4k | ▼ 46.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €47k | €63k | €59k | €14k | ▼ 76.6% |
| + Depreciation and write-downs630 | €26k | €28k | €27k | €30k | €35k | ▲ 14.3% |
| Operating cash flow (approximation) | €76k | €74k | €90k | €89k | €48k | ▼ 45.8% |
| Investment in fixed assets (approximation) | - | €-4k | €-54k | €-61k | €-7k | ▲ 88.7% |
| Change in cash | - | €10k | €-15k | €38k | €-28k | ▼ 172% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €14k ▼76.6%
Net result drops to €14k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €63k ▲35.1%
Operating result €82k, net result €63k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Chaumont-Gistoux · 1 establishment unit since 1988
Ground area
3,403 m²
Building footprint
830 m²
Volume, LiDAR
4,656 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Vésale 32, 1300 Wavre
since 19882.032.766.345
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25025C0064/02B000 | Wallonia | 2,048 m² | 1 · 234 m² | 7.9 m · 2 fl. |
| 25112B0048/00G002 | Wallonia | 1,354 m² | 1 · 596 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
clademsprl@gmail.com
Phone
010242724
Scores and ratios are computed by Checked and are not a credit decision.