CLAES
ActiveSummary
CLAES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320,249 and a net result of €27,392. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-1
Solvency93▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.8 against 3.43 in 2024; short-term debt: 31.6% and cash: 74.4% of total assets), and 32.1% 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025Solvency, return and age of the figures
Solvency
67.9%
Return on assets
5.8%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
16 d early
2023
23 d early
2022
14 d early
2021
12 d early
2020
31 d late
2019
14 d late
← 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 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€320,249▼ 19.6%
2024 · €398,120
Total assets
€471,458▼ 12.4%
2024 · €538,262
Net result
€27,392▼ 22.3%
2024 · €35,239
Working capital
€268,362▼ 20.2%
2024 · €336,264
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€79,206▼ 14.2%€22,644▼ 71.4%€52,003▲ 130%€57,489▲ 10.6%€42,395▼ 26.3%
Net result€51,382within the sector's middle half▼ 14.1%€13,073within the sector's middle half▼ 74.6%€30,818within the sector's middle half▲ 136%€35,239within the sector's middle half▲ 14.3%€27,392within the sector's middle half▼ 22.3%
Equity€318,990within the sector's middle half▲ 19.2%€332,063within the sector's middle half▲ 4.1%€362,881within the sector's middle half▲ 9.3%€398,120within the sector's middle half▲ 9.7%€320,249within the sector's middle half▼ 19.6%
Total assets€542,684within the sector's middle half▲ 10.1%€508,894within the sector's middle half▼ 6.2%€497,226below the sector's middle half▼ 2.3%€538,262within the sector's middle half▲ 8.3%€471,458within the sector's middle half▼ 12.4%
Debt€223,694▼ 0.8%€176,831▼ 20.9%€134,344▼ 24.0%€140,141▲ 4.3%€151,209▲ 7.9%
Working capital€237,510within the sector's middle half▲ 28.8%€264,548within the sector's middle half▲ 11.4%€286,377within the sector's middle half▲ 8.3%€336,264within the sector's middle half▲ 17.4%€268,362within the sector's middle half▼ 20.2%
Solvency58.8%within the sector's middle half▲ 4.5pp65.3%above the sector's middle half▲ 6.5pp73.0%above the sector's middle half▲ 7.7pp74.0%above the sector's middle half▲ 1.0pp67.9%above the sector's middle half▼ 6.0pp
Current ratio2.10within the sector's middle half▲ 0.192.50within the sector's middle half▲ 0.393.16above the sector's middle half▲ 0.673.43above the sector's middle half▲ 0.272.80within the sector's middle half▼ 0.63
Return on assets (ROA)9.5%within the sector's middle half▼ 2.7pp2.6%within the sector's middle half▼ 6.9pp6.2%within the sector's middle half▲ 3.6pp6.5%within the sector's middle half▲ 0.3pp5.8%within the sector's middle half▼ 0.7pp
Staff (FTE)3.3within the sector's middle half▼ 2.9%3.6within the sector's middle half▲ 9.1%3.5within the sector's middle half▼ 2.8%3.4within the sector's middle half▼ 2.9%3.4within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €471,458
Fixed assets
€54,182 ▼ 14.9%
Current assets
€417,276 ▼ 12.1%
Equity and liabilities €471,458
Equity
€320,249 ▼ 19.6%
Debt
€151,209 ▲ 7.9%
Debt's share of the balance-sheet total rises from 26.0% to 32.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€60,698▼
2024 · €76,269
Cash flow
€45,694▼
2024 · €54,018
Quick ratio
2.44▼
2024 · 3.06
Debt to equity
0.47▲
2024 · 0.35
ROE
8.6%▼
2024 · 8.9%
Interest coverage
8.13▼
2024 · 9.82
Debt ≤ 1 year
€148,914▲
2024 · €138,364
Income taxes
€13,230▼
2024 · €16,399
Staff costs
€122,596▼
2024 · €122,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €500 | - |
| Remuneration, social security and pensions62 | €111,602 | €100,484 | €110,230 | €122,899 | €122,596 | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,541 | €23,834 | €18,358 | €18,779 | €18,302 | ▼ 2.5% |
| Other operating charges640/8 | €1,439 | €1,499 | €1,802 | €1,769 | €1,906 | ▲ 7.7% |
| Gross operating margin9900 | €220,787 | €148,462 | €182,394 | €200,937 | €185,199 | ▼ 7.8% |
| Operating profit (loss)9901 | €79,206 | €22,644 | €52,003 | €57,489 | €42,395 | ▼ 26.3% |
| Financial income75/76B | €3,369 | €1,935 | €650 | €1,913 | €5,692 | ▲ 198% |
| Recurring financial income75 | €3,369 | €1,935 | €650 | €1,913 | €5,692 | ▲ 198% |
| Financial charges65/66B | €6,549 | €6,755 | €8,131 | €7,765 | €7,465 | ▼ 3.9% |
| Recurring financial charges65 | €6,549 | €6,755 | €8,131 | €7,765 | €7,465 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €76,025 | €17,824 | €44,522 | €51,638 | €40,622 | ▼ 21.3% |
| Income taxes67/77 | €24,643 | €4,750 | €13,704 | €16,399 | €13,230 | ▼ 19.3% |
| Profit (loss) for the period9904 | €51,382 | €13,073 | €30,818 | €35,239 | €27,392 | ▼ 22.3% |
| Transfer from tax-exempt reserves789 | €5,087 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €56,469 | €13,073 | €30,818 | €35,239 | €27,392 | ▼ 22.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €542,684 | €508,894 | €497,226 | €538,262 | €471,458 | ▼ 12.4% |
| Fixed assets21/28 | €89,844 | €67,515 | €78,481 | €63,634 | €54,182 | ▼ 14.9% |
| Tangible fixed assets22/27 | €89,844 | €67,365 | €78,331 | €63,484 | €54,032 | ▼ 14.9% |
| Land and buildings22 | €24,888 | €17,150 | €30,316 | €25,312 | €20,308 | ▼ 19.8% |
| Plant, machinery and equipment23 | €64,956 | €50,215 | €48,016 | €38,172 | €33,724 | ▼ 11.7% |
| Financial fixed assets28 | - | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €452,840 | €441,379 | €418,744 | €474,628 | €417,276 | ▼ 12.1% |
| Stocks and contracts in progress3 | €48,463 | €48,659 | €50,522 | €51,137 | €54,138 | ▲ 5.9% |
| Stocks30/36 | €48,463 | €48,659 | €50,522 | €51,137 | €54,138 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €795 | €14,281 | €904 | €7,288 | €8,588 | ▲ 17.8% |
| Trade receivables40 | €645 | €17 | €25 | €3 | €654 | ▲ 24,469% |
| Other amounts receivable41 | €150 | €14,264 | €879 | €7,286 | €7,935 | ▲ 8.9% |
| Cash at bank and in hand54/58 | €401,356 | €374,372 | €365,108 | €411,975 | €350,609 | ▼ 14.9% |
| Deferred charges and accrued income490/1 | €2,227 | €4,067 | €2,211 | €4,228 | €3,940 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €542,684 | €508,894 | €497,226 | €538,262 | €471,458 | ▼ 12.4% |
| Equity10/15 | €318,990 | €332,063 | €362,881 | €398,120 | €320,249 | ▼ 19.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €300,390 | €313,463 | €344,281 | €379,520 | €301,649 | ▼ 20.5% |
| Distributable reserves133 | €300,390 | €313,463 | €344,281 | €379,520 | €301,649 | ▼ 20.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €223,694 | €176,831 | €134,344 | €140,141 | €151,209 | ▲ 7.9% |
| Amounts payable after more than one year17 | €6,003 | - | - | - | - | - |
| Financial debts170/4 | €6,003 | - | - | - | - | - |
| Amounts payable within one year42/48 | €215,330 | €176,831 | €132,367 | €138,364 | €148,914 | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | €12,999 | €6,003 | - | - | - | - |
| Financial debts43 | €4,000 | - | - | - | - | - |
| Credit institutions430/8 | €4,000 | - | - | - | - | - |
| Trade debts44 | €41,931 | €33,211 | €32,914 | €28,614 | €35,460 | ▲ 23.9% |
| Suppliers440/4 | €41,931 | €33,211 | €32,914 | €28,614 | €35,460 | ▲ 23.9% |
| Taxes, remuneration and social security45 | €34,560 | €22,985 | €26,177 | €33,548 | €33,570 | ▲ 0.1% |
| Taxes450/3 | €11,075 | €1,506 | €3,135 | €5,127 | €3,629 | ▼ 29.2% |
| Remuneration and social security454/9 | €23,484 | €21,479 | €23,042 | €28,421 | €29,941 | ▲ 5.3% |
| Other amounts payable47/48 | €121,841 | €114,632 | €73,276 | €76,203 | €79,884 | ▲ 4.8% |
| Accrued charges and deferred income492/3 | €2,361 | - | €1,977 | €1,777 | €2,295 | ▲ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,382 | €13,073 | €30,818 | €35,239 | €27,392 | ▼ 22.3% |
| + Depreciation and write-downs630 | €28,541 | €23,834 | €18,358 | €18,779 | €18,302 | ▼ 2.5% |
| Operating cash flow (approximation) | €79,923 | €36,907 | €49,176 | €54,018 | €45,694 | ▼ 15.4% |
| Investment in fixed assets (approximation) | - | -€1,505 | -€29,325 | -€3,932 | -€8,850 | ▼ 125% |
| Change in cash | - | -€26,984 | -€9,263 | €46,866 | -€61,366 | ▼ 231% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €13,073 ▼74.6%
Net result drops to €13,073, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €59,841 ▲173%
Operating result €92,279, net result €59,841, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-12
Financial
Equity above €200,000Eq €207,767 ▲11.8%
2 profitable years in a row build equity to €207,767.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bilzen-Hoeselt · 1 establishment unit since 1998
Ground area
587 m²
Building footprint
272 m²
Volume, LiDAR
1,509 m³
Parcel 73032D0113/00E000, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Groenstraat 9B, 3730 Bilzen-Hoeselt
since 19982.085.544.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032D0113/00E000 | Flanders | 587 m² | 1 · 272 m² | 10.7 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBilzen-Hoeselt2.085.544.441
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Of 2,474 companies in sector 47279 we hold annual accounts for 949. 618 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
Founded09-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462387320
Also
9925:BE0462387320
Registered
20-01-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.