CLAERBOUT
ActiveSummary
CLAERBOUT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of €97,070. Equity is growing by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 23.19 against 23.29 in 2023; short-term debt: 3.8% and cash: 15.9% of total assets), and 3.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.2%
Return on assets
9.1%
Age of the figures
21 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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
20 d late
2023
28 d late
2022
31 d early
2021
30 d late
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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. Usually files around 20 August (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€1.0m▲ 5.9%
2023 · €969,797
Total assets
€1.1m▲ 5.6%
2023 · €1.0m
Net result
€97,070▲ 26.2%
2023 · €76,923
Working capital
€893,082▲ 0.4%
2023 · €889,194
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€54,888▲ 207%€90,203▲ 64.3%€34,400▼ 61.9%€88,001▲ 156%€103,542▲ 17.7%
Net result€46,301above the sector's middle half▲ 175%€78,268above the sector's middle half▲ 69.0%€38,773above the sector's middle half▼ 50.5%€76,923above the sector's middle half▲ 98.4%€97,070above the sector's middle half▲ 26.2%
Equity€775,833above the sector's middle half▲ 6.3%€854,101above the sector's middle half▲ 10.1%€892,874above the sector's middle half▲ 4.5%€969,797above the sector's middle half▲ 8.6%€1.0mabove the sector's middle half▲ 5.9%
Total assets€888,547above the sector's middle half▲ 1.6%€955,219above the sector's middle half▲ 7.5%€948,957above the sector's middle half▼ 0.7%€1.0mabove the sector's middle half▲ 6.5%€1.1mabove the sector's middle half▲ 5.6%
Debt€112,714▼ 22.5%€101,118▼ 10.3%€56,083▼ 44.5%€40,498▼ 27.8%€40,248▼ 0.6%
Working capital€611,264above the sector's middle half▲ 18.1%€693,102above the sector's middle half▲ 13.4%€771,305above the sector's middle half▲ 11.3%€889,194above the sector's middle half▲ 15.3%€893,082above the sector's middle half▲ 0.4%
Solvency87.3%above the sector's middle half▲ 3.9pp89.4%above the sector's middle half▲ 2.1pp94.1%above the sector's middle half▲ 4.7pp96.0%above the sector's middle half▲ 1.9pp96.2%above the sector's middle half▲ 0.2pp
Current ratio6.62above the sector's middle half▲ 2.067.85above the sector's middle half▲ 1.2417.38above the sector's middle half▲ 9.5323.29above the sector's middle half▲ 5.9123.19above the sector's middle half▼ 0.10
Return on assets (ROA)5.2%within the sector's middle half▲ 3.3pp8.2%within the sector's middle half▲ 3.0pp4.1%within the sector's middle half▼ 4.1pp7.6%within the sector's middle half▲ 3.5pp9.1%within the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€133,785 ▲ 64.7%
Current assets
€933,330 ▲ 0.5%
Equity and liabilities €1.1m
Equity
€1.0m ▲ 5.9%
Debt
€40,248 ▼ 0.6%
Debt's share of the balance-sheet total falls from 4.0% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161,533▲
2023 · €137,356
Cash flow
€155,061▲
2023 · €126,277
Quick ratio
23.06▼
2023 · 23.14
Debt to equity
0.04▼
2023 · 0.04
ROE
9.5%▲
2023 · 7.9%
Interest coverage
40.87▲
2023 · 33.34
Debt ≤ 1 year
€40,248▲
2023 · €39,887
Income taxes
€33,299▲
2023 · €27,079
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,997 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,580 | €51,734 | €48,778 | €49,354 | €57,991 | ▲ 17.5% |
| Other operating charges640/8 | - | €1,169 | €1,143 | €1,351 | €1,212 | ▼ 10.2% |
| Gross operating margin9900 | €123,059 | €143,107 | €84,321 | €138,707 | €162,745 | ▲ 17.3% |
| Operating profit (loss)9901 | €54,888 | €90,203 | €34,400 | €88,001 | €103,542 | ▲ 17.7% |
| Financial income75/76B | - | €17,816 | €20,020 | €20,120 | €30,780 | ▲ 53.0% |
| Recurring financial income75 | €8,788 | €17,816 | €20,020 | €20,120 | €30,780 | ▲ 53.0% |
| Financial charges65/66B | - | €3,326 | €3,221 | €4,120 | €3,953 | ▼ 4.1% |
| Recurring financial charges65 | €3,554 | €3,326 | €3,221 | €4,120 | €3,953 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €60,121 | €104,694 | €51,199 | €104,002 | €130,369 | ▲ 25.4% |
| Income taxes67/77 | €13,820 | €26,426 | €12,426 | €27,079 | €33,299 | ▲ 23.0% |
| Profit (loss) for the period9904 | €46,301 | €78,268 | €38,773 | €76,923 | €97,070 | ▲ 26.2% |
| Profit (loss) for the period to be appropriated9905 | €46,301 | €78,268 | €38,773 | €76,923 | €97,070 | ▲ 26.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €888,547 | €955,219 | €948,957 | €1.0m | €1.1m | ▲ 5.6% |
| Fixed assets21/28 | €168,463 | €160,999 | €130,569 | €81,215 | €133,785 | ▲ 64.7% |
| Tangible fixed assets22/27 | €168,463 | €160,999 | €130,569 | €81,215 | €133,785 | ▲ 64.7% |
| Land and buildings22 | - | €73,616 | €49,656 | €25,696 | €4,824 | ▼ 81.2% |
| Plant, machinery and equipment23 | - | €60,854 | €59,218 | €40,081 | €37,074 | ▼ 7.5% |
| Furniture and vehicles24 | - | €26,529 | €21,695 | €15,438 | €91,886 | ▲ 495% |
| Current assets29/58 | €720,084 | €794,220 | €818,387 | €929,080 | €933,330 | ▲ 0.5% |
| Stocks and contracts in progress3 | €8,726 | €8,342 | €7,739 | €6,220 | €5,240 | ▼ 15.8% |
| Stocks30/36 | - | €8,342 | €7,739 | €6,220 | €5,240 | ▼ 15.8% |
| Amounts receivable within one year40/41 | €455,403 | €460,858 | €478,643 | €482,784 | €499,396 | ▲ 3.4% |
| Trade receivables40 | - | - | - | - | €7,637 | - |
| Other amounts receivable41 | - | €460,858 | €478,643 | €482,784 | €491,759 | ▲ 1.9% |
| Current investments50/53 | €104,376 | €104,376 | €107,376 | €252,376 | €257,375 | ▲ 2.0% |
| Cash at bank and in hand54/58 | €151,579 | €220,644 | €224,629 | €187,700 | €169,247 | ▼ 9.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,073 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €888,547 | €955,219 | €948,957 | €1.0m | €1.1m | ▲ 5.6% |
| Equity10/15 | €775,833 | €854,101 | €892,874 | €969,797 | €1.0m | ▲ 5.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €757,233 | €835,501 | €874,274 | €951,197 | €1.0m | ▲ 6.0% |
| Distributable reserves133 | - | €835,501 | €874,274 | €951,197 | €1.0m | ▲ 6.0% |
| Amounts payable17/49 | €112,714 | €101,118 | €56,083 | €40,498 | €40,248 | ▼ 0.6% |
| Amounts payable within one year42/48 | €108,820 | €101,118 | €47,083 | €39,887 | €40,248 | ▲ 0.9% |
| Financial debts43 | - | - | €1,258 | - | - | - |
| Credit institutions430/8 | - | - | €1,258 | - | - | - |
| Trade debts44 | - | €23,787 | €61 | - | €2,522 | - |
| Suppliers440/4 | - | €23,787 | €61 | - | €2,522 | - |
| Taxes, remuneration and social security45 | - | €9,611 | €5,125 | €30,927 | €33,147 | ▲ 7.2% |
| Taxes450/3 | - | €9,611 | €5,125 | €30,927 | €33,147 | ▲ 7.2% |
| Other amounts payable47/48 | - | €67,720 | €40,640 | €8,960 | €4,578 | ▼ 48.9% |
| Accrued charges and deferred income492/3 | - | - | €9,000 | €611 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,301 | €78,268 | €38,773 | €76,923 | €97,070 | ▲ 26.2% |
| + Depreciation and write-downs630 | €66,580 | €51,734 | €48,778 | €49,354 | €57,991 | ▲ 17.5% |
| Operating cash flow (approximation) | €112,881 | €130,002 | €87,551 | €126,277 | €155,061 | ▲ 22.8% |
| Investment in fixed assets (approximation) | - | -€44,270 | -€18,348 | €0 | -€110,561 | - |
| Change in cash | - | €69,065 | €3,985 | -€36,929 | -€18,454 | ▲ 50.0% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Highest result since 2018net €97,070 ▲26.2%
Operating result €103,542, net result €97,070, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲5.9%
7 profitable years in a row build equity to €1.0m.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 17.38
Current ratio from 7.85 to 17.38; short-term debt falls from €101,118 to €47,083.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €16,863 ▼59.9%
Net result drops to €16,863, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Harelbeke · 1 establishment unit since 1991
Ground area
766 m²
Building footprint
664 m²
Volume, LiDAR
4,433 m³
Parcel 34013A1121/00F007, Flanders · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DE NIEUWE BRUG
since 19912.052.330.948
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1121/00F007 | Flanders | 766 m² | 1 · 664 m² | 14.1 m · 2 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
Flemish government
2022 to 2025 · 3 entries · 2,311 EUR awarded · 2,311 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyHarelbeke2.052.330.948
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 890 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
Founded14-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442545276
Also
9925:BE0442545276
Registered
14-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.