CLAES FABRIK

Active

Private limited companyfounded 20206 yrs activePriester Cuypersstraat 3, 1040 Etterbeek, BelgiumKBO/BCE: BE 0743.694.743

The computed 12-month bankruptcy probability of CLAES FABRIK is 9.0% (elevated). The 2024 annual accounts show equity of €17k and a net result of €77k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 26% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability96▲+96

Solvency30▲+30

Growth78▲+46

Track record100

Bankruptcy probability, 12 months

9.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.01 against 0.64 in 2023; short-term debt: 94.6% and cash: 50.3% of total assets), and 95.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

4.7%

Return on assets

21.7%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

12 d late

2023

30 d late

2022

21 d late

2021

19 d late

2020

362 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€17k

2023 · €-60k

2020: €4k 2021: €4k 2022: €4k 2023: €-60k

2020 → 2024

Total assets

€355k▲ 188%

2023 · €123k

2020: €5k 2021: €5k 2022: €5k 2023: €123k

2020 → 2024

Net result

€77k

2023 · €-64k

2020: €-1k 2021: €0 2023: €-64k

2020 → 2024

Working capital

€5k

2023 · €-66k

2020: €4k 2021: €4k 2022: €4k 2023: €-66k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€4k-€4k=€4k=€-60k€17k

Operating result€-1k-€0€-50k€93k

Net result€-1k-€0€-64k€77k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €93k after a loss of €50k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €355k

96.0%

Fixed assets €14k▲ 179%

Current assets €341k▲ 188%

Equity and liabilities €355k

95.3%

Equity €17k

Debt €338k

Debt finances 95.3% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€94k▲

2023 · €-50k

Cash flow

€78k▲

2023 · €-64k

Solvency

4.7%▲

2023 · -49.0%

Current ratio

1.01▲

2023 · 0.64

Quick ratio

0.63▲

2023 · 0.42

Debt / equity

20.28▲

2023 · -3.04

ROE

462.3%

ROA

21.7%▲

2023 · -52.0%

Interest coverage

11.01▲

2023 · -25.98

Debt

€338k▲

2023 · €184k

Debt ≤ 1 year

€336k▲

2023 · €184k

Income taxes

€12k▲

2023 · €12k

Staff costs

€461k▲

2023 · €91k

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€123k€355k▲

Fixed assets21/28€5k€14k▲

Tangible fixed assets22/27€1k€11k▲

Furniture and vehicles24€1k€2k▲

Other tangible fixed assets26-€9k

Financial fixed assets28€4k€3k▼

Current assets29/58€118k€341k▲

Stocks and contracts in progress3€42k€130k▲

Stocks30/36€42k€130k▲

Amounts receivable within one year40/41€30k€31k▲

Trade receivables40€29k€17k▼

Other amounts receivable41€1k€13k▲

Cash at bank and in hand54/58€44k€178k▲

Deferred charges and accrued income490/1€2k€1k▼

Equity and liabilities

Total equity and liabilities10/49€123k€355k▲

Equity10/15€-60k€17k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€-65k€12k▲

Amounts payable17/49€184k€338k▲

Amounts payable within one year42/48€184k€336k▲

Trade debts44€29k€114k▲

Suppliers440/4€29k€114k▲

Advances received on contracts in progress46€3k€2k▼

Taxes, remuneration and social security45€67k€184k▲

Taxes450/3€59k€93k▲

Remuneration and social security454/9€8k€90k▲

Other amounts payable47/48€85k€36k▼

Accrued charges and deferred income492/3-€3k

Income statement Code20232024

Remuneration, social security and pensions62€91k€461k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35€1k▲

Other operating charges640/8€1k€2k▲

Gross operating margin9900€42k€558k▲

Operating profit (loss)9901€-50k€93k▲

Financial income75/76B€13€5k▲

Recurring financial income75€13€5k▲

Financial charges65/66B€2k€9k▲

Recurring financial charges65€2k€9k▲

Profit (loss) for the period before taxes9903€-52k€90k▲

Income taxes67/77€12k€12k▲

Profit (loss) for the period9904€-64k€77k▲

Profit (loss) for the period to be appropriated9905€-64k€77k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-65k€12k▲

Profit (loss) brought forward from the previous period14P€-1k€-65k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Gazette 1Filings 5

2026

13-08

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge4 facts ▸

General meeting, 01/07/2026
Director resignation, Nadir Belhocine (administrateur)
Director discharge, Nadir Belhocine
Director appointment, Zerari Smail (administrateur)

2025

12-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 12 days late

2024

31-12

Financial Back to profitnet €77k

Net result €77k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Weakest financial yearnet €-64k

Net result drops to €-64k, the lowest in the series; recovery starts the following year.

21-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 21 days late

2022

19-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 19 days late

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 362 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2026

Zerari Smail

Director · since 01-07-2026

Current

01-07-2026 Zerari Smail: Appointed as Director

30-06-2026 Nadir Belhocine: Resigned as Director

Location & real-estate footprint

Registered office, Etterbeek · 7 establishment units since 2024

establishment approximate All 7 establishment units on the map

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.

Priester Cuypersstraat 31040 Etterbeek

Ground area

6,372 m²

Building footprint

2,584 m²

Volume, LiDAR

13,680 m³

7 parcels, Brussels, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.

7 establishment units

SOFA&CO

Rue de la Cour(THL) 19, 6536 ThuinRetail sale of household furniture

since 20242.354.721.124

SOFA STYLE

Priester Cuypersstraat 3, 1040 EtterbeekRetail trade

since 20242.359.569.738

sofa style

Rue de la Papeterie 15, 5300 AndenneRetail sale of household furniture

since 20252.372.767.379

SOFA STYLE

Route de Coo 45, 4980 Trois-PontsRetail sale of household furniture

since 20252.380.048.220

SOFA&CO

Sur-Champt 17, 5530 YvoirRetail sale of household furniture

since 20262.384.318.297

SOFA&CO

Rue de Tilff 93, 4100 SeraingRetail sale of household furniture

since 20262.385.611.862

Show 1 more locations

SOFA&CO

Rue des Lilas 9, 1470 GenappeRetail sale of household furniture

since 20262.387.705.973

7 parcels

Wallonia 6 (85.7%) Brussels 1 (14.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91141B0017/00C006	Wallonia	2,117 m²	1 · 1,151 m²	6.6 m · 2 fl.
92402G0164/00F002	Wallonia	1,502 m²	1 · 673 m²	-
56077D0262/00Y000	Wallonia	1,084 m²	1 · 332 m²	15.8 m · 4 fl.
63082A0004/02L003	Wallonia	496 m²	1 · 238 m²	11.8 m · 3 fl.
62019B0683/00K000	Wallonia	460 m²	1 · 61 m²	7.5 m · 1 fl.
25031A0709/00B000	Wallonia	388 m²	-	-
21005A0542/00B006	Brussels	325 m²	1 · 129 m²	17.0 m · 5 fl.