CLAES ENGINEERING
ActiveSummary
CLAES ENGINEERING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €126k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+10
Solvency81▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 4.34 against 1.24 in 2024; short-term debt: 20.7% and cash: 64.1% of total assets), and 44% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
56%
Return on assets
33.9%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
18 d early
2024
14 d early
2023
15 d early
2022
7 d early
2021
4 d early
2020
19 d early
2019
on the day
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€208k▲ 154%
2024 · €82k
Total assets
€371k▲ 52.1%
2024 · €244k
Net result
€126k▲ 210%
2024 · €41k
Working capital
€257k▲ 591%
2024 · €37k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€58k▲ 3,180%€61k▲ 5.2%€41k▼ 32.8%€56k▲ 36.4%€166k▲ 198%
Net result€45k▲ 10,930%€48k▲ 5.3%€31k▼ 33.9%€41k▲ 29.1%€126k▲ 210%
Equity€112k▲ 84.9%€160k▲ 42.5%€191k▲ 19.7%€82k▼ 57.2%€208k▲ 154%
Total assets€182k▲ 38.4%€207k▲ 14.2%€223k▲ 7.6%€244k▲ 9.3%€371k▲ 52.1%
Debt€70k▼ 1.4%€48k▼ 31.4%€32k▼ 32.8%€162k▲ 405%€163k▲ 0.8%
Working capital€73k▲ 231%€124k▲ 70.6%€130k▲ 4.5%€37k▼ 71.3%€257k▲ 591%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 198% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €371k
Fixed assets
€37k ▼ 24.6%
Current assets
€334k ▲ 71.4%
Equity and liabilities €371k
Equity
€208k ▲ 154%
Debt
€163k ▲ 0.8%
Debt's share of the balance-sheet total falls from 66.5% to 44.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180k▲
2024 · €70k
Cash flow
€140k▲
2024 · €55k
Current ratio
4.34▲
2024 · 1.24
Quick ratio
3.90▲
2024 · 1.07
Debt to equity
0.79▼
2024 · 1.98
ROE
60.6%▲
2024 · 49.7%
ROA
33.9%▲
2024 · 16.6%
Interest coverage
32.11▲
2024 · 14.37
Debt ≤ 1 year
€77k▼
2024 · €158k
Debt > 1 year
€81k
Income taxes
€35k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €14k | €15k | €14k | ▼ 4.1% |
| Other operating charges640/8 | €533 | €692 | €630 | €696 | €1k | ▲ 67.4% |
| Gross operating margin9900 | €70k | €74k | €55k | €71k | €181k | ▲ 155% |
| Operating profit (loss)9901 | €58k | €61k | €41k | €56k | €166k | ▲ 198% |
| Financial income75/76B | €4 | €180 | €8 | €138 | €850 | ▲ 515% |
| Recurring financial income75 | €4 | €180 | €8 | €138 | €850 | ▲ 515% |
| Financial charges65/66B | €1k | €1k | €1k | €5k | €6k | ▲ 14.5% |
| Recurring financial charges65 | €1k | €1k | €1k | €5k | €6k | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €56k | €60k | €39k | €51k | €161k | ▲ 217% |
| Income taxes67/77 | €11k | €12k | €8k | €10k | €35k | ▲ 243% |
| Profit (loss) for the period9904 | €45k | €48k | €31k | €41k | €126k | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €45k | €48k | €31k | €41k | €126k | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182k | €207k | €223k | €244k | €371k | ▲ 52.1% |
| Fixed assets21/28 | €57k | €45k | €64k | €49k | €37k | ▼ 24.6% |
| Tangible fixed assets22/27 | €57k | €45k | €64k | €49k | €37k | ▼ 24.6% |
| Land and buildings22 | €19k | €15k | €12k | €8k | €6k | ▼ 30.1% |
| Plant, machinery and equipment23 | €27k | €23k | €21k | €17k | €12k | ▼ 28.3% |
| Furniture and vehicles24 | €11k | €7k | €31k | €24k | €17k | ▼ 28.7% |
| Assets under construction and advance payments27 | - | - | - | - | €2k | - |
| Current assets29/58 | €124k | €163k | €159k | €195k | €334k | ▲ 71.4% |
| Stocks and contracts in progress3 | €29k | €25k | €19k | €26k | €34k | ▲ 28.8% |
| Stocks30/36 | €29k | €25k | €19k | €26k | €34k | ▲ 28.8% |
| Amounts receivable within one year40/41 | €30k | €45k | €38k | €37k | €43k | ▲ 14.7% |
| Trade receivables40 | €28k | €40k | €31k | €35k | €43k | ▲ 21.3% |
| Other amounts receivable41 | €2k | €5k | €6k | €2k | - | - |
| Current investments50/53 | - | - | - | €2k | €8k | ▲ 244% |
| Cash at bank and in hand54/58 | €60k | €88k | €98k | €120k | €238k | ▲ 98.4% |
| Deferred charges and accrued income490/1 | €5k | €4k | €5k | €9k | €11k | ▲ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182k | €207k | €223k | €244k | €371k | ▲ 52.1% |
| Equity10/15 | €112k | €160k | €191k | €82k | €208k | ▲ 154% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €93k | €141k | €173k | €63k | €189k | ▲ 199% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €92k | €141k | €173k | €63k | €189k | ▲ 199% |
| Amounts payable17/49 | €70k | €48k | €32k | €162k | €163k | ▲ 0.8% |
| Amounts payable after more than one year17 | €17k | €8k | €1k | - | €81k | - |
| Financial debts170/4 | €17k | €8k | €1k | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €81k | - |
| Amounts payable within one year42/48 | €52k | €39k | €30k | €158k | €77k | ▼ 51.2% |
| Current portion of amounts payable after more than one year42 | €10k | €9k | €7k | €1k | - | - |
| Trade debts44 | €18k | €12k | €2k | €7k | €12k | ▲ 59.6% |
| Suppliers440/4 | €18k | €12k | €2k | €7k | €12k | ▲ 59.6% |
| Taxes, remuneration and social security45 | €4k | €1k | - | €2k | €4k | ▲ 143% |
| Taxes450/3 | €4k | €1k | - | €2k | €4k | ▲ 143% |
| Other amounts payable47/48 | €20k | €17k | €20k | €147k | €61k | ▼ 58.6% |
| Accrued charges and deferred income492/3 | €773 | €747 | €1k | €5k | €5k | ▲ 20.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €48k | €31k | €41k | €126k | ▲ 210% |
| + Depreciation and write-downs630 | €12k | €12k | €14k | €15k | €14k | ▼ 4.1% |
| Operating cash flow (approximation) | €57k | €60k | €45k | €55k | €140k | ▲ 153% |
| Investment in fixed assets (approximation) | - | €0 | €-33k | €0 | €-2k | - |
| Change in cash | - | €29k | €10k | €22k | €118k | ▲ 440% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €126k ▲210%
Operating result €166k, net result €126k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.34
Current ratio from 1.24 to 4.34; short-term debt falls from €158k to €77k.
31-12
Financial
Equity above €200kEq €208k ▲154%
8 profitable years in a row build equity to €208k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €160k ▲42.5%
5 profitable years in a row build equity to €160k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €112k ▲84.9%
4 profitable years in a row build equity to €112k.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €410 ▼93.6%
Net result drops to €410, the lowest in the series; recovery starts the following year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Nieuwerkerken (Limb.) · 2 establishment units since 2016
Ground area
2,166 m²
Building footprint
277 m²
Volume, LiDAR
1,303 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
St.-Truidersteenweg 121/A, 3840 Tongeren-Borgloon
since 20162.254.944.350
Claes Engineering
since 20162.265.001.765
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71045A0057/00B002 | Flanders | 1,320 m² | 1 · 217 m² | 5.2 m · 1 fl. |
| 73009A0219/00A002 | Flanders | 846 m² | 1 · 60 m² | 9.7 m · 3 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 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,086 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
Founded30-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33200Installation of industrial machinery and equipment
Contact
E-mail
info@claes-engineering.beTongeren-Borgloon
Scores and ratios are computed by Checked and are not a credit decision.