CLAEYS
ActiveSummary
CLAEYS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148,840 and a net result of €17,272. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78=
Solvency88▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.36 against 1.85 in 2024; short-term debt: 36.2% and cash: 72.3% of total assets), and 36.9% 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
63.1%
Return on assets
7.3%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
22 d early
2023
14 d early
2022
on the day
2021
3 d early
2020
31 d late
2019
2 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 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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, micro schema
Equity
€148,840▲ 13.1%
2024 · €131,569
Total assets
€236,026▲ 6.5%
2024 · €221,590
Net result
€17,272▲ 4.4%
2024 · €16,550
Working capital
€115,992▲ 51.0%
2024 · €76,809
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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-€19,573-€11,022▲ 43.7%€16,154€24,418▲ 51.2%€28,610▲ 17.2%
Net result-€24,052below the sector's middle half-€14,759below the sector's middle half▲ 38.6%€10,187within the sector's middle half€16,550within the sector's middle half▲ 62.5%€17,272within the sector's middle half▲ 4.4%
Equity€119,590within the sector's middle half▼ 16.7%€104,831within the sector's middle half▼ 12.3%€115,018within the sector's middle half▲ 9.7%€131,569within the sector's middle half▲ 14.4%€148,840within the sector's middle half▲ 13.1%
Total assets€219,982within the sector's middle half▲ 7.4%€225,504within the sector's middle half▲ 2.5%€234,254within the sector's middle half▲ 3.9%€221,590within the sector's middle half▼ 5.4%€236,026within the sector's middle half▲ 6.5%
Debt€100,392▲ 63.9%€120,673▲ 20.2%€119,236▼ 1.2%€90,021▼ 24.5%€87,185▼ 3.2%
Working capital-€29,304below the sector's middle half-€8,132below the sector's middle half▲ 72.2%€32,724within the sector's middle half€76,809within the sector's middle half▲ 135%€115,992within the sector's middle half▲ 51.0%
Solvency54.4%within the sector's middle half▼ 15.7pp46.5%within the sector's middle half▼ 7.9pp49.1%within the sector's middle half▲ 2.6pp59.4%within the sector's middle half▲ 10.3pp63.1%within the sector's middle half▲ 3.7pp
Current ratio0.68below the sector's middle half▼ 0.460.92below the sector's middle half▲ 0.241.31within the sector's middle half▲ 0.391.85within the sector's middle half▲ 0.542.36within the sector's middle half▲ 0.50
Return on assets (ROA)-10.9%below the sector's middle half▼ 27.7pp-6.5%below the sector's middle half▲ 4.4pp4.3%within the sector's middle half▲ 10.9pp7.5%within the sector's middle half▲ 3.1pp7.3%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
The operating result has risen four years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236,026
Fixed assets
€34,529 ▼ 36.9%
Current assets
€201,497 ▲ 20.8%
Equity and liabilities €236,026
Equity
€148,840 ▲ 13.1%
Debt
€87,185 ▼ 3.2%
Debt's share of the balance-sheet total falls from 40.6% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,840▼
2024 · €56,284
Cash flow
€44,503▼
2024 · €48,416
Debt to equity
0.59▼
2024 · 0.68
ROE
11.6%▼
2024 · 12.6%
Interest coverage
14.43▲
2024 · 10.35
Debt ≤ 1 year
€85,505▼
2024 · €90,021
Income taxes
€7,469▲
2024 · €2,427
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 0.4% 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 | €932 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,793 | €41,930 | €41,103 | €31,865 | €27,231 | ▼ 14.5% |
| Other operating charges640/8 | €50 | €913 | €1,772 | €1,756 | €1,868 | ▲ 6.4% |
| Gross operating margin9900 | €30,270 | €31,820 | €59,030 | €58,039 | €57,709 | ▼ 0.6% |
| Operating profit (loss)9901 | -€19,573 | -€11,022 | €16,154 | €24,418 | €28,610 | ▲ 17.2% |
| Financial income75/76B | €169 | - | - | - | - | - |
| Recurring financial income75 | €169 | - | - | - | - | - |
| Financial charges65/66B | €2,088 | €3,201 | €5,433 | €5,440 | €3,869 | ▼ 28.9% |
| Recurring financial charges65 | €2,088 | €3,201 | €5,433 | €5,440 | €3,869 | ▼ 28.9% |
| Profit (loss) for the period before taxes9903 | -€21,492 | -€14,224 | €10,722 | €18,978 | €24,741 | ▲ 30.4% |
| Income taxes67/77 | €2,561 | €535 | €535 | €2,427 | €7,469 | ▲ 208% |
| Profit (loss) for the period9904 | -€24,052 | -€14,759 | €10,187 | €16,550 | €17,272 | ▲ 4.4% |
| Transfer from tax-exempt reserves789 | €12,312 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€11,741 | -€14,759 | €10,187 | €16,550 | €17,272 | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219,982 | €225,504 | €234,254 | €221,590 | €236,026 | ▲ 6.5% |
| Fixed assets21/28 | €158,534 | €135,257 | €95,626 | €54,759 | €34,529 | ▼ 36.9% |
| Tangible fixed assets22/27 | €158,534 | €135,257 | €95,626 | €54,759 | €34,529 | ▼ 36.9% |
| Land and buildings22 | €15,551 | €12,553 | €9,772 | €15,424 | €12,794 | ▼ 17.0% |
| Plant, machinery and equipment23 | €11,891 | €25,292 | €21,222 | €17,383 | €16,795 | ▼ 3.4% |
| Furniture and vehicles24 | €131,092 | €97,412 | €64,632 | €21,953 | €4,939 | ▼ 77.5% |
| Current assets29/58 | €61,448 | €90,247 | €138,628 | €166,830 | €201,497 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €22,433 | €35,399 | €32,601 | €26,120 | €13,869 | ▼ 46.9% |
| Trade receivables40 | €22,404 | €34,073 | €31,269 | €25,701 | €13,450 | ▼ 47.7% |
| Other amounts receivable41 | €29 | €1,326 | €1,332 | €418 | €418 | = |
| Cash at bank and in hand54/58 | €11,442 | €40,187 | €100,009 | €126,322 | €170,650 | ▲ 35.1% |
| Deferred charges and accrued income490/1 | €27,573 | €14,661 | €6,018 | €14,389 | €16,978 | ▲ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219,982 | €225,504 | €234,254 | €221,590 | €236,026 | ▲ 6.5% |
| Equity10/15 | €119,590 | €104,831 | €115,018 | €131,569 | €148,840 | ▲ 13.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €103,753 | €103,753 | €103,753 | €112,969 | €130,240 | ▲ 15.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €101,893 | €101,893 | €103,753 | €112,969 | €130,240 | ▲ 15.3% |
| Profit (loss) carried forward14 | -€2,763 | -€17,521 | -€7,334 | €0 | - | - |
| Amounts payable17/49 | €100,392 | €120,673 | €119,236 | €90,021 | €87,185 | ▼ 3.2% |
| Amounts payable within one year42/48 | €90,752 | €98,379 | €105,904 | €90,021 | €85,505 | ▼ 5.0% |
| Trade debts44 | €8,829 | €5,706 | €12,457 | €20,632 | €8,426 | ▼ 59.2% |
| Suppliers440/4 | €8,829 | €5,706 | €12,457 | €20,632 | €8,426 | ▼ 59.2% |
| Taxes, remuneration and social security45 | €23,101 | €10,334 | €10,337 | €11,382 | €20,275 | ▲ 78.1% |
| Taxes450/3 | €23,101 | €10,334 | €10,337 | €11,382 | €20,275 | ▲ 78.1% |
| Other amounts payable47/48 | €58,823 | €82,339 | €83,111 | €58,008 | €56,804 | ▼ 2.1% |
| Accrued charges and deferred income492/3 | €9,640 | €22,294 | €13,332 | €0 | €1,680 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,052 | -€14,759 | €10,187 | €16,550 | €17,272 | ▲ 4.4% |
| + Depreciation and write-downs630 | €49,793 | €41,930 | €41,103 | €31,865 | €27,231 | ▼ 14.5% |
| Operating cash flow (approximation) | €25,740 | €27,171 | €51,290 | €48,416 | €44,503 | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | -€18,652 | -€1,472 | €9,001 | -€7,000 | ▼ 178% |
| Change in cash | - | €28,746 | €59,821 | €26,313 | €44,329 | ▲ 68.5% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10,187
Net result €10,187 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€24,052
Net result drops to -€24,052, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €34,418 ▲6.6%
Operating result €55,331, net result €34,418, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €109,224 ▲42%
2 profitable years in a row build equity to €109,224.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
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, Zonnebeke · 1 establishment unit since 2002
Ground area
1,192 m²
Building footprint
224 m²
Parcel 33037C0131/00Z000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lotegatstraat 21, 8980 Zonnebeke
since 20022.100.555.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0131/00Z000 | Flanders | 1,192 m² | 1 · 224 m² | 0.0 m |
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 siteZonnebeke2.100.555.784
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Of 943 companies in sector 46231 we hold annual accounts for 421. 340 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
Founded28-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477009079
Also
9925:BE0477009079
Registered
14-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.