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CLAN

Active
Public limited companyfounded 1990active for 35 yearsKruisboogsquare 6, 1170 Watermaal-Bosvoorde, Belgium19 active companies are registered at this addressKBO/BCE: BE 0442.447.682

From the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of CLAN is 1.6% (moderate). The 2024 annual accounts show negative equity (-€174,221) and a net result of -€4,055. Equity is shrinking by about 4.3% per year across the filed financial years. The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Latest annual accounts filed

Annual accounts 2024

Download PDF
Financial year ended
31-12-2024
Filed on
31-10-2025
Format
micro format
Reference
2025-00561801
Turnover
€37,109▼ 6.7%
2018 · €39,789
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€4,055▲ 50.0%
2023 · -€8,109
Working capital
€452,218▲ 0.8%
2023 · €448,501
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result stays negative: a loss of €13,896 in 2024 against €24,272 in 2023; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€37,109 2019 Operating result-€13,896 2024 Net result-€4,055 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€39,789-€37,109▼ 6.7%
Operating result-€19,623--€41,000▼ 109%-€27,073▲ 34.0%€57,136-€14,278-€24,272▼ 70.0%-€13,896▲ 42.8%
Net result-€19,623--€41,000▼ 109%-€48,893▼ 19.3%€59,485-€9,169-€8,109▲ 11.6%-€4,055▲ 50.0%
Equity-€122,477--€163,477▼ 33.5%-€212,372▼ 29.9%-€152,888▲ 28.0%-€162,057▼ 6.0%-€170,166▼ 5.0%-€174,221▼ 2.4%
Total assets€732,037-€674,439▼ 7.9%€533,897▼ 20.8%€590,933▲ 10.7%€584,018▼ 1.2%€577,927▼ 1.0%€573,509▼ 0.8%
Debt€854,514-€837,916▼ 1.9%€746,269▼ 10.9%€743,820▼ 0.3%€746,075▲ 0.3%€748,092▲ 0.3%€747,730=
Working capital€376,531€445,277▲ 18.3%€445,370=€448,501▲ 0.7%€452,218▲ 0.8%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €573,509
Fixed assets €116,142 ▼ 6.3%
Current assets €457,366 ▲ 0.7%
Equity and liabilities
Equity-€174,221
Debt€747,730
Equity is negative: debt (€747,730) exceeds the balance-sheet total (€573,509).
Key figures and ratios
2024 value · change against 2023
EBITDA
-€6,123▲
2023 · -€14,154
Cash flow
€3,717▲
2023 · €2,009
Solvency
-30.4%▼
2023 · -29.4%
Current ratio
88.84▲
2023 · 82.38
Quick ratio
48.31▲
2023 · 44.52
ROA
-0.7%▲
2023 · -1.4%
Interest coverage
-26.10▲
2023 · -105.79
Debt ≤ 1 year
€5,148▼
2023 · €5,511
Debt > 1 year
€741,459=
2023 · €741,459
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.8% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
4.0% stopped otherwise
92.8% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 1,242 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines

Source: Annual accounts 2024 (PDF), filed with the National Bank on 31-10-2025.

Balance sheet Code20232024
Assets
Total assets20/58€577,927€573,509▼
Fixed assets21/28€123,915€116,142▼
Intangible fixed assets21€9,614€9,614=
Tangible fixed assets22/27€112,963€105,191▼
Land and buildings22€112,963€105,191▼
Financial fixed assets28€1,337€1,337=
Current assets29/58€454,012€457,366▲
Stocks and contracts in progress3€208,666€208,666=
Stocks30/36€208,666€208,666=
Amounts receivable within one year40/41€87,680€230,260▲
Other amounts receivable41€87,680€230,260▲
Cash at bank and in hand54/58€157,667€18,441▼
Equity and liabilities
Total equity and liabilities10/49€577,927€573,509▼
Equity10/15-€170,166-€174,221▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€232,166-€236,221▼
Amounts payable17/49€748,092€747,730=
Amounts payable after more than one year17€741,459€741,459=
Financial debts170/4€741,459€741,459=
Amounts payable within one year42/48€5,511€5,148▼
Trade debts44€5,511€5,148▼
Suppliers440/4€5,511€5,148▼
Accrued charges and deferred income492/3€1,122€1,122=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,118€7,772▼
Other operating charges640/8€16,057€10,914▼
Gross operating margin9900€1,903€4,790▲
Operating profit (loss)9901-€24,272-€13,896▲
Financial income75/76B€4,275€10,075▲
Recurring financial income75€4,275€10,075▲
Financial charges65/66B€134€235▲
Recurring financial charges65€134€235▲
Profit (loss) for the period before taxes9903-€20,131-€4,055▲
Income taxes67/77-€12,022-
Profit (loss) for the period9904-€8,109-€4,055▲
Profit (loss) for the period to be appropriated9905-€8,109-€4,055▲
Appropriation of the result
Profit (loss) to be appropriated9906-€232,166-€236,221▼
Profit (loss) brought forward from the previous period14P-€224,056-€232,166▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2018201920202021202220232024Change
Turnover70€39,789€37,109------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,036€24,036€14,194€9,262€9,261€10,118€7,772▼ 23.2%
Other operating charges640/8---€10,106€10,062€16,057€10,914▼ 32.0%
Gross operating margin9900€24,680€1,658€9,113€76,504€5,045€1,903€4,790▲ 152%
Operating profit (loss)9901-€19,623-€41,000-€27,073€57,136-€14,278-€24,272-€13,896▲ 42.8%
Financial income75/76B---€2,431€5,247€4,275€10,075▲ 136%
Recurring financial income75--€230€2,431€5,247€4,275€10,075▲ 136%
Financial charges65/66B---€83€138€134€235▲ 75.3%
Recurring financial charges65--€22,050€83€138€134€235▲ 75.3%
Profit (loss) for the period before taxes9903-€19,623-€41,000-€48,893€59,485-€9,169-€20,131-€4,055▲ 79.9%
Income taxes67/77------€12,022--
Profit (loss) for the period9904-€19,623-€41,000-€48,893€59,485-€9,169-€8,109-€4,055▲ 50.0%
Profit (loss) for the period to be appropriated9905-€19,623-€41,000-€48,893€59,485-€9,169-€8,109-€4,055▲ 50.0%
Line2018201920202021202220232024Change
Assets
Total assets20/58€732,037€674,439€533,897€590,933€584,018€577,927€573,509▼ 0.8%
Fixed assets21/28€190,786€166,750€152,556€143,294€134,033€123,915€116,142▼ 6.3%
Intangible fixed assets21--€9,614€9,614€9,614€9,614€9,614=
Tangible fixed assets22/27€189,449€165,413€141,605€132,343€123,082€112,963€105,191▼ 6.9%
Land and buildings22---€132,343€123,082€112,963€105,191▼ 6.9%
Financial fixed assets28€1,337€1,337€1,337€1,337€1,337€1,337€1,337=
Current assets29/58€541,251€507,689€381,341€447,638€449,985€454,012€457,366▲ 0.7%
Stocks and contracts in progress3€208,666€208,666€208,666€208,666€208,666€208,666€208,666=
Stocks30/36---€208,666€208,666€208,666€208,666=
Amounts receivable within one year40/41€15,187€754€3,983€85,042€81,373€87,680€230,260▲ 163%
Other amounts receivable41---€85,042€81,373€87,680€230,260▲ 163%
Cash at bank and in hand54/58€317,398€298,269€168,692€153,931€154,807€157,667€18,441▼ 88.3%
Deferred charges and accrued income490/1----€5,140---
Equity and liabilities
Total equity and liabilities10/49€732,037€674,439€533,897€590,933€584,018€577,927€573,509▼ 0.8%
Equity10/15-€122,477-€163,477-€212,372-€152,888-€162,057-€170,166-€174,221▼ 2.4%
Contributions10/11€62,000€62,000€62,000€62,000€62,000€62,000€62,000=
Capital10---€62,000€62,000€62,000€62,000=
Issued capital100---€62,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€184,477-€225,477-€274,372-€214,887-€224,056-€232,166-€236,221▼ 1.7%
Amounts payable17/49€854,514€837,916€746,269€743,820€746,075€748,092€747,730=
Amounts payable after more than one year17€854,514€837,916€741,459€741,459€741,459€741,459€741,459=
Financial debts170/4---€741,459€741,459€741,459€741,459=
Amounts payable within one year42/48--€4,810€2,361€4,615€5,511€5,148▼ 6.6%
Trade debts44--€4,810€2,361€4,615€5,511€5,148▼ 6.6%
Suppliers440/4---€2,361€4,615€5,511€5,148▼ 6.6%
Accrued charges and deferred income492/3-----€1,122€1,122=
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€19,623-€41,000-€48,893€59,485-€9,169-€8,109-€4,055▲ 50.0%
+ Depreciation and write-downs630€24,036€24,036€14,194€9,262€9,261€10,118€7,772▼ 23.2%
Operating cash flow (approximation)€4,413-€16,964-€34,699€68,746€92€2,009€3,717▲ 85.0%
Investment in fixed assets (approximation)-€0-€0€0€0€0€0-
Change in cash--€19,129-€129,577-€14,762€876€2,860-€139,226-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 31-10-2025 2025-00561801 PDF
31-12-2023 micro format 21-08-2024 2024-00364240 PDF
31-12-2022 micro format 27-11-2023 2023-00516696 PDF
31-12-2021 micro format 17-10-2022 2022-20466359 PDF
31-12-2020 micro format 28-10-2021 2021-74000148 PDF
31-12-2019 micro format 27-07-2020 2020-33200465 PDF
31-12-2018 micro format 02-06-2019 2019-15500088 PDF
31-12-2017 full format 27-08-2018 2018-49700053 PDF
31-12-2016 full format 24-06-2017 2017-20400568 PDF
31-12-2015 full format 02-05-2016 2016-11100218 PDF

Show all 33 filings

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