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CLAREBOUT

Active
Public limited companyfounded 199432 yrs activeHeirweg(Nieuwk) 26, 8950 Heuvelland, BelgiumKBO/BCE: BE 0452.829.157
Summary

CLAREBOUT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €229.2m and a net result of €5.9m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 1101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability35▼-13
Solvency64▼-6
Growth84▲+3
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.71 in 2023; short-term debt: 46% and cash: 0.4% of total assets), and 61.3% of the assets are financed with debt.
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Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
38.7%
Return on assets
1%
Age of the figures
21 mo
raises risk · 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
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €229.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
30 d early
2023
27 d late
2022
25 d late
2021
25 d late
2020
25 d late
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

CLAREBOUT was incorporated on 9 June 1994.1 Between 2015 and 2019 the company absorbed Agro Maes, Luc Maes and H.J.R. ITRACO by merger.23 The board currently has 3 members; Gert Masselus has served longest, since 2025.4 Revenue grew from EUR 362 million in 2019 to EUR 795 million in 2024 and headcount from 22 to 32.4 full-time equivalents.5

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 26-06-2015
  3. 3Belgian State Gazette, 02-08-2019
  4. 4Belgian State Gazette, 15-01-2026
  5. 5National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, full schema, statutory accounts

Turnover
€794.6m▲ 36.9%
2023 · €580.5m
EBIT margin
1.1%▲ 0.8pp
2023 · 0.3%
Net result
€5.9m▼ 97.1%
2023 · €205.3m
Working capital
-€84.6m▼ 83.9%
2023 · -€46.0m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20202021202220232024
Turnover€295.5m▼ 18.3%€321.3m▲ 8.7%€430.7m▲ 34.1%€580.5m▲ 34.8%€794.6m▲ 36.9%
Operating result€1.8m▼ 62.6%-€2.5m€2.6m€1.6m▼ 37.5%€8.9m▲ 452%
Net result€1.3mabove the sector's middle half▼ 55.4%-€2.2mbelow the sector's middle half€2.6mabove the sector's middle half€205.3mabove the sector's middle half▲ 7,824%€5.9mabove the sector's middle half▼ 97.1%
EBIT margin0.6%▼ 0.7pp-0.8%▼ 1.4pp0.6%▲ 1.4pp0.3%▼ 0.3pp1.1%▲ 0.8pp
Equity€17.6mabove the sector's middle half▲ 8.2%€15.4mabove the sector's middle half▼ 12.5%€18.0mabove the sector's middle half▲ 16.8%€223.2mabove the sector's middle half▲ 1,142%€229.2mabove the sector's middle half▲ 2.7%
Total assets€146.4mabove the sector's middle half▲ 6.8%€169.2mabove the sector's middle half▲ 15.6%€191.8mabove the sector's middle half▲ 13.4%€500.2mabove the sector's middle half▲ 161%€591.7mabove the sector's middle half▲ 18.3%
Debt€128.8m▲ 6.6%€153.8m▲ 19.4%€173.9m▲ 13.1%€277.0m▲ 59.3%€362.5m▲ 30.9%
Working capital-€73.1mbelow the sector's middle half▼ 23.3%-€72.6mbelow the sector's middle half▲ 0.8%-€90.6mbelow the sector's middle half▼ 24.9%-€46.0mbelow the sector's middle half▲ 49.2%-€84.6mbelow the sector's middle half▼ 83.9%
Solvency12.0%below the sector's middle half▲ 0.2pp9.1%below the sector's middle half▼ 2.9pp9.4%below the sector's middle half▲ 0.3pp44.6%within the sector's middle half▲ 35.3pp38.7%within the sector's middle half▼ 5.9pp
Current ratio0.29below the sector's middle half▼ 0.040.28below the sector's middle half▼ 0.010.34below the sector's middle half▲ 0.060.71below the sector's middle half▲ 0.370.69below the sector's middle half▼ 0.02
Return on assets (ROA)0.9%within the sector's middle half▼ 1.3pp-1.3%below the sector's middle half▼ 2.2pp1.4%within the sector's middle half▲ 2.7pp41.0%above the sector's middle half▲ 39.7pp1.0%within the sector's middle half▼ 40.0pp
Staff (FTE)23.2above the sector's middle half▲ 5.5%22.7above the sector's middle half▼ 2.2%22.5above the sector's middle half▼ 0.9%24.9above the sector's middle half▲ 10.7%32.4above the sector's middle half▲ 30.1%
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2020 Net result -55% on 2019. Merger absorbing H.J.R. ITRACO, Official Gazette 02-08-2019, in the previous fiscal year; now counts for a full year for the first time.
Result per fiscal year
Operating resultNet result
-€100.0m€0€100.0m€200.0mOperating result 2020: €1.8m€1.8mNet result 2020: €1.3m€1.3mOperating result 2021: -€2.5m-€2.5mNet result 2021: -€2.2m-€2.2mOperating result 2022: €2.6m€2.6mNet result 2022: €2.6m€2.6mOperating result 2023: €1.6m€1.6mNet result 2023: €205.3m€205.3mOperating result 2024: €8.9m€8.9mNet result 2024: €5.9m€5.9m20202021202220232024€0€100m€200mOperating result 2022: €2.6m€2.6mNet result 2022: €2.6m€2.6mOperating result 2023: €1.6m€1.6mNet result 2023: €205.3m€205mOperating result 2024: €8.9m€8.9mNet result 2024: €5.9m€5.9m202220232024
The operating result recovers in 2024; 2024 is 452% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €591.7m
Fixed assets €403.8m ▲ 4.8%
Current assets €187.8m ▲ 63.7%
Equity and liabilities €591.7m
Equity €229.2m ▲ 2.7%
Debt €362.5m ▲ 30.9%
Debt's share of the balance-sheet total rises from 55.4% to 61.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€12.9m▲
2023 · €4.9m
Cash flow
€10.0m▼
2023 · €208.6m
Quick ratio
0.61▲
2023 · 0.54
Debt to equity
1.58▲
2023 · 1.24
ROE
2.6%▼
2023 · 92.0%
Interest coverage
2.23▲
2023 · 1.22
Debt ≤ 1 year
€272.4m▲
2023 · €160.7m
Debt > 1 year
€89.3m▼
2023 · €115.3m
Income taxes
€1.4m▲
2023 · €63,986
Staff costs
€2.8m▲
2023 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 95 lines
Balance sheet Code20232024
Assets
Total assets20/58€500.2m€591.7m▲
Fixed assets21/28€385.5m€403.8m▲
Intangible fixed assets21€10,000€10,000=
Tangible fixed assets22/27€85.9m€90.9m▲
Land and buildings22€79.3m€87.7m▲
Plant, machinery and equipment23€1.3m€1.5m▲
Furniture and vehicles24€319,725€306,572▼
Leasing and similar rights25€1.5m€1.4m▼
Assets under construction and advance payments27€3.6m€45,000▼
Financial fixed assets28€299.5m€312.9m▲
Affiliated companies280/1€214.1m€212.4m▼
Participating interests280€214.1m€212.4m▼
Companies linked by participating interests282/3€47.4m€52.4m▲
Participating interests282€42.4m€47.4m▲
Amounts receivable283€5.0m€5.0m=
Other financial fixed assets284/8€38.0m€48.1m▲
Shares284€36.5m€45.8m▲
Amounts receivable and cash guarantees285/8€1.5m€2.3m▲
Current assets29/58€114.7m€187.8m▲
Amounts receivable after more than one year29-€375,000
Other amounts receivable291-€375,000
Stocks and contracts in progress3€27.5m€22.5m▼
Stocks30/36€27.5m€22.5m▼
Goods purchased for resale34€27.5m€22.5m▼
Amounts receivable within one year40/41€76.2m€125.4m▲
Trade receivables40€66.1m€67.6m▲
Other amounts receivable41€10.1m€57.8m▲
Current investments50/53€8.4m€36.0m▲
Own shares50€8.4m€8.4m=
Other investments51/53-€27.6m
Cash at bank and in hand54/58€2.2m€2.3m▲
Deferred charges and accrued income490/1€448,487€1.3m▲
Equity and liabilities
Total equity and liabilities10/49€500.2m€591.7m▲
Equity10/15€223.2m€229.2m▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€223.2m€229.1m▲
Non-distributable reserves130/1€9.1m€9.1m=
Legal reserve130€743,700€743,700=
Own shares acquired1312€8.4m€8.4m=
Tax-exempt reserves132€997,770-
Distributable reserves133€213.1m€220.0m▲
Amounts payable17/49€277.0m€362.5m▲
Amounts payable after more than one year17€115.3m€89.3m▼
Financial debts170/4€114.7m€88.9m▼
Subordinated loans170€3.9m€3.9m=
Leasing and similar obligations172€435,392€236,931▼
Credit institutions173€108.3m€84.8m▼
Other loans174€2.1m-
Other amounts payable178/9€600,000€400,000▼
Amounts payable within one year42/48€160.7m€272.4m▲
Current portion of amounts payable after more than one year42€26.0m€25.9m▼
Trade debts44€118.8m€241.9m▲
Suppliers440/4€118.8m€241.9m▲
Taxes, remuneration and social security45€2.1m€1.6m▼
Taxes450/3€1.7m€1.1m▼
Remuneration and social security454/9€406,419€421,593▲
Other amounts payable47/48€13.8m€3.0m▼
Accrued charges and deferred income492/3€888,277€781,270▼
Income statement Code20232024
Operating income70/76A€581.2m€794.8m▲
Turnover70€580.5m€794.6m▲
Other operating income74€600,599€5,645▼
Non-recurring operating income76A€40,412€189,059▲
Operating charges60/66A€579.6m€786.0m▲
Goods for resale, raw materials and consumables60€565.8m€768.4m▲
Purchases600/8€570.4m€763.4m▲
Change in stocks: decrease (increase)609-€4.6m€5.1m▲
Services and other goods61€8.0m€10.0m▲
Remuneration, social security and pensions62€2.0m€2.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.3m€4.1m▲
Other operating charges640/8€392,888€582,307▲
Non-recurring operating charges66A-€1,247
Operating profit (loss)9901€1.6m€8.9m▲
Financial income75/76B€208.0m€4.6m▼
Recurring financial income75€208.0m€4.6m▼
Income from financial fixed assets750€207.5m€785,304▼
Income from current assets751€520,856€2.2m▲
Other financial income752/9€37,648€1.5m▲
Financial charges65/66B€4.3m€6.1m▲
Recurring financial charges65€4.3m€6.1m▲
Debt charges650€4.1m€5.8m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€176,372
Other financial charges652/9€257,669€106,223▼
Profit (loss) for the period before taxes9903€205.3m€7.3m▼
Income taxes67/77€63,986€1.4m▲
Taxes670/3€870,000€1.4m▲
Tax adjustments and reversals of tax provisions77€806,014-
Profit (loss) for the period9904€205.3m€5.9m▼
Transfer from tax-exempt reserves789-€997,770
Profit (loss) for the period to be appropriated9905€205.3m€6.9m▼
Appropriation of the result
Profit (loss) to be appropriated9906€205.3m€6.9m▼
Transfer to equity691/2€205.3m€6.9m▼
To other reserves6921€205.3m€6.9m▼
Social balance
Average headcount (FTE)908724.932.4▲

The notes to these accounts (91 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€326.7m€431.5m€581.2m€794.8m▲ 36.8%
Turnover70€295.5m€321.3m€430.7m€580.5m€794.6m▲ 36.9%
Other operating income74-€5.4m€707,308€600,599€5,645▼ 99.1%
Non-recurring operating income76A-€305€2,749€40,412€189,059▲ 368%
Operating charges60/66A-€329.2m€428.9m€579.6m€786.0m▲ 35.6%
Goods for resale, raw materials and consumables60-€315.7m€417.6m€565.8m€768.4m▲ 35.8%
Purchases600/8-€316.3m€421.5m€570.4m€763.4m▲ 33.8%
Change in stocks: decrease (increase)609--€579,187-€3.9m-€4.6m€5.1m▲ 211%
Services and other goods61-€8.7m€6.5m€8.0m€10.0m▲ 25.0%
Remuneration, social security and pensions62-€1.5m€1.6m€2.0m€2.8m▲ 38.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.9m€2.9m€2.9m€3.3m€4.1m▲ 22.4%
Other operating charges640/8-€385,171€297,651€392,888€582,307▲ 48.2%
Non-recurring operating charges66A----€1,247-
Operating profit (loss)9901€1.8m-€2.5m€2.6m€1.6m€8.9m▲ 452%
Financial income75/76B-€1.4m€1.7m€208.0m€4.6m▼ 97.8%
Recurring financial income75€530,671€1.4m€1.6m€208.0m€4.6m▼ 97.8%
Income from financial fixed assets750-€1.4m€1.3m€207.5m€785,304▼ 99.6%
Income from current assets751-€67€58,782€520,856€2.2m▲ 329%
Other financial income752/9-€22,816€310,697€37,648€1.5m▲ 3,996%
Non-recurring financial income76B--€60,000---
Financial charges65/66B-€1.3m€1.3m€4.3m€6.1m▲ 40.7%
Recurring financial charges65€1.1m€1.3m€1.3m€4.3m€6.1m▲ 40.7%
Debt charges650€970,000€1.0m€1.3m€4.1m€5.8m▲ 42.7%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651----€176,372-
Other financial charges652/9-€219,264€44,703€257,669€106,223▼ 58.8%
Profit (loss) for the period before taxes9903€2.3m-€2.3m€2.9m€205.3m€7.3m▼ 96.4%
Income taxes67/77€945,566-€129,545€347,922€63,986€1.4m▲ 2,106%
Taxes670/3-€6,530€347,922€870,000€1.4m▲ 62.2%
Tax adjustments and reversals of tax provisions77-€136,075-€806,014--
Profit (loss) for the period9904€1.3m-€2.2m€2.6m€205.3m€5.9m▼ 97.1%
Transfer from tax-exempt reserves789-€744,000€747,600-€997,770-
Transfer to tax-exempt reserves689--€878,184---
Profit (loss) for the period to be appropriated9905€837,506-€1.5m€2.5m€205.3m€6.9m▼ 96.6%
Line20202021202220232024Change
Assets
Total assets20/58€146.4m€169.2m€191.8m€500.2m€591.7m▲ 18.3%
Fixed assets21/28€117.2m€141.4m€145.1m€385.5m€403.8m▲ 4.8%
Intangible fixed assets21€10,000€10,000€10,000€10,000€10,000=
Tangible fixed assets22/27€73.7m€66.6m€66.4m€85.9m€90.9m▲ 5.8%
Land and buildings22-€61.9m€60.9m€79.3m€87.7m▲ 10.6%
Plant, machinery and equipment23-€1.6m€1.4m€1.3m€1.5m▲ 17.1%
Furniture and vehicles24-€255,847€188,199€319,725€306,572▼ 4.1%
Leasing and similar rights25-€1.9m€1.7m€1.5m€1.4m▼ 5.3%
Assets under construction and advance payments27-€979,197€2.2m€3.6m€45,000▼ 98.7%
Financial fixed assets28€43.4m€74.7m€78.7m€299.5m€312.9m▲ 4.5%
Affiliated companies280/1-€42.2m€45.2m€214.1m€212.4m▼ 0.8%
Participating interests280-€42.2m€45.2m€214.1m€212.4m▼ 0.8%
Companies linked by participating interests282/3-€15.9m€15.9m€47.4m€52.4m▲ 10.6%
Participating interests282-€10.9m€10.9m€42.4m€47.4m▲ 11.8%
Amounts receivable283-€5.0m€5.0m€5.0m€5.0m=
Other financial fixed assets284/8-€16.6m€17.6m€38.0m€48.1m▲ 26.6%
Shares284-€15.1m€16.1m€36.5m€45.8m▲ 25.5%
Amounts receivable and cash guarantees285/8-€1.5m€1.5m€1.5m€2.3m▲ 50.9%
Current assets29/58€29.2m€27.8m€46.7m€114.7m€187.8m▲ 63.7%
Amounts receivable after more than one year29--€908,101-€375,000-
Other amounts receivable291--€908,101-€375,000-
Stocks and contracts in progress3€18.5m€19.1m€22.9m€27.5m€22.5m▼ 18.4%
Stocks30/36-€19.1m€22.9m€27.5m€22.5m▼ 18.4%
Goods purchased for resale34-€19.1m€22.9m€27.5m€22.5m▼ 18.4%
Amounts receivable within one year40/41€8.2m€6.5m€8.3m€76.2m€125.4m▲ 64.6%
Trade receivables40-€2.4m€3.6m€66.1m€67.6m▲ 2.4%
Other amounts receivable41-€4.1m€4.7m€10.1m€57.8m▲ 471%
Current investments50/53--€8.4m€8.4m€36.0m▲ 330%
Own shares50--€8.4m€8.4m€8.4m=
Other investments51/53----€27.6m-
Cash at bank and in hand54/58€2.1m€1.8m€5.4m€2.2m€2.3m▲ 6.7%
Deferred charges and accrued income490/1-€505,148€744,746€448,487€1.3m▲ 179%
Equity and liabilities
Total equity and liabilities10/49€146.4m€169.2m€191.8m€500.2m€591.7m▲ 18.3%
Equity10/15€17.6m€15.4m€18.0m€223.2m€229.2m▲ 2.7%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13€17.5m€15.3m€17.9m€223.2m€229.1m▲ 2.7%
Non-distributable reserves130/1-€743,700€9.1m€9.1m€9.1m=
Legal reserve130-€743,700€743,700€743,700€743,700=
Own shares acquired1312--€8.4m€8.4m€8.4m=
Tax-exempt reserves132-€867,186€997,770€997,770--
Distributable reserves133-€13.7m€7.8m€213.1m€220.0m▲ 3.3%
Amounts payable17/49€128.8m€153.8m€173.9m€277.0m€362.5m▲ 30.9%
Amounts payable after more than one year17€26.0m€53.0m€35.9m€115.3m€89.3m▼ 22.6%
Financial debts170/4-€38.4m€35.1m€114.7m€88.9m▼ 22.5%
Subordinated loans170-€3.9m€3.9m€3.9m€3.9m=
Leasing and similar obligations172-€1.3m€829,566€435,392€236,931▼ 45.6%
Credit institutions173-€33.2m€26.2m€108.3m€84.8m▼ 21.7%
Other loans174--€4.2m€2.1m--
Other amounts payable178/9-€14.6m€800,000€600,000€400,000▼ 33.3%
Amounts payable within one year42/48€102.3m€100.4m€137.3m€160.7m€272.4m▲ 69.5%
Current portion of amounts payable after more than one year42-€9.2m€23.2m€26.0m€25.9m▼ 0.1%
Trade debts44€91.3m€87.3m€109.6m€118.8m€241.9m▲ 104%
Suppliers440/4-€87.3m€109.6m€118.8m€241.9m▲ 104%
Taxes, remuneration and social security45-€364,542€850,859€2.1m€1.6m▼ 27.4%
Taxes450/3-€91,128€562,098€1.7m€1.1m▼ 34.7%
Remuneration and social security454/9-€273,414€288,761€406,419€421,593▲ 3.7%
Other amounts payable47/48-€3.6m€3.6m€13.8m€3.0m▼ 78.1%
Accrued charges and deferred income492/3-€435,820€656,403€888,277€781,270▼ 12.0%
Line20202021202220232024Change
Profit (loss) for the period9904€1.3m-€2.2m€2.6m€205.3m€5.9m▼ 97.1%
+ Depreciation and write-downs630€2.9m€2.9m€2.9m€3.3m€4.1m▲ 22.4%
Operating cash flow (approximation)€4.2m€656,578€5.5m€208.6m€10.0m▼ 95.2%
Investment in fixed assets (approximation)--€27.0m-€6.6m-€243.7m-€22.4m▲ 90.8%
Change in cash--€381,395€3.7m-€3.2m€148,159▲ 105%

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

Download as CSV

Timeline · acts, filings and financial milestones

2026
21-08
State Gazette act Statutes amendment
2 facts ▸
  • General meeting, 22-07-2026
  • Statutes amendment, 35
15-07
State Gazette act Resignations & appointments
Power of attorney5 facts ▸
  • Board meeting, 18-06-2026
  • Power of attorney, Dominique Mulliez (vertegenwoordiger van pilanes bv)
  • Other statement, BEDANKEN Dominique Mulliez voor de uitoefening van het mandaat.
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
27-03
State Gazette act Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Brecht Buysschaert · Power of attorney4 facts ▸
  • Auditor appointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Brecht Buysschaert
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
15-01
State Gazette act Resignations: James Alderman (managing director) and Erik Brandenburg (managing director)
Appointment: Gert Masselus (managing director) · Mandate compensation · Power of attorney7 facts ▸
  • Board meeting, 18-12-2025
  • Director resignation, James Alderman (managing director)
  • Director resignation, Erik Brandenburg (managing director)
  • Director appointment, Gert Masselus (managing director)
  • Mandate compensation, Gert Masselus
  • Power of attorney, Tal Elseth
  • Mandate compensation, Tal Elseth
02-01
State Gazette act Statutes amendment
Power of attorney7 facts ▸
  • General meeting, 18-12-2025
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, CLAREBOUT
  • Statutes amendment
2025
17-12
State Gazette act Capital & shares
Share transfer · Share concentration · Power of attorney5 facts ▸
  • Board meeting, 21-11-2025
  • Share transfer, Simplot Europe Holdings BV
  • Share concentration, Alle (rechten verbonden aan alle uitgegeven) aandelen van de Vennootschap in één hand verenigd, gehouden door Simplot Europe Holdings BV, toepassing artikel 2:8…
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
12-12
State Gazette act Resignations: Jan Clarebout, Gert Masselus and 2 others
Appointments: Graham Dugdale, James Alderman and 3 others · Director discharge · Mandate compensation34 facts ▸
  • General meeting, 31-10-2025
  • Board meeting, 31-10-2025
  • Director resignation, Jan Clarebout (director)
  • Director resignation, Gert Masselus (director)
  • Director resignation, Yves Capoen (director)
  • Director discharge, Jan Clarebout
  • Director discharge, Gert Masselus
  • Director discharge, Yves Capoen
  • Director appointment, Graham Dugdale (director)
  • Director appointment, James Alderman (director)
  • Director appointment, Erik Brandenburg (director)
  • Director appointment, Gert Masselus (director)
  • +22 further facts in this act
01-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
19-03
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
2 facts ▸
  • General meeting, 21-06-2024
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
2024
27-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 27 days late
23-01
State Gazette act Resignations: Jan Clarebout, Yves Capoen and Gert Masselus
Reappointments: Jan Clarebout, Yves Capoen and Gert Masselus · Appointment: Jan Clarebout (managing director) · Purpose change11 facts ▸
  • General meeting, 01-12-2023
  • Purpose change, De vennootschap heeft als voorwerp, voor eigen rekening, voor rekening van derden of in deelneming met derden, zowel in binnen- als buitenland, de handel in aar…
  • Statutes amendment
  • Capital, €61.500
  • Director resignation, Jan Clarebout (director)
  • Director resignation, Yves Capoen (director)
  • Director resignation, Gert Masselus (director)
  • Director reappointment, Jan Clarebout (non-statutory director)
  • Director reappointment, Yves Capoen (non-statutory director)
  • Director reappointment, Gert Masselus (non-statutory director)
  • Director appointment, Jan Clarebout (managing director)
2023
31-12
Financial Highest result since 2018net €205.3m ▲7,824%
Net result €205.3m, the highest in the series.
Show earlier events
31-12
Financial Equity above €100mEq €223.2m ▲1,142%
2 profitable years in a row build equity to €223.2m.
25-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial Back to profitnet €2.6m
Net result €2.6m after one loss-making year.
25-10
State Gazette act Capital & shares
Share-buyback authorisation2 facts ▸
  • General meeting, 30-06-2022
  • Share-buyback authorisation, 350 aandelen
25-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial Weakest financial yearnet -€2.2m
Net result drops to -€2.2m, the lowest in the series; recovery starts the following year.
07-09
State Gazette act Reappointments: Ernst & Young Bedrijfsrevisoren BV, Jan Clarebout and Yves Capoen
Permanent representative: Leen Defoer · Resignation: Werner Verstraete (director) · Appointment: Gert Masselus (director)9 facts ▸
  • General meeting, 18-06-2021
  • Board meeting, 21-06-2021
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BV
  • Permanent representative, Leen Defoer
  • Director resignation, Werner Verstraete (director)
  • Director appointment, Gert Masselus (director)
  • Director reappointment, Jan Clarebout (director)
  • Director reappointment, Yves Capoen (director)
  • Director reappointment, Jan Clarebout (managing director)
25-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
25-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 27 days late
27-08
NBB filing Annual accounts filed
fiscal year 2018 · consolidated · 27 days late
02-08
State Gazette act Restructuring
Permanent representative: Clarebout Jan · Merger · Dissolution7 facts ▸
  • General meeting, 05-07-2019
  • Merger
  • Dissolution, 05-07-2019
  • Accounting effect, 01-01-2019
  • Real estate, Een woonhuis op en met grond en aanhorigheden, gelegen te Knokke-Heist, Sparrendreef 112, gekadastreerd volgens titel onder gemeente Knokke, sectie E nummers 14…
  • Permanent representative, Clarebout Jan
  • Power of attorney, BVBA STEYAERT Ronny Accountants
29-05
State Gazette act Restructuring · Miscellaneous
Permanent representative: Clarebout Jan · Merger · Capital8 facts ▸
  • Board meeting, 25-04-2019
  • Merger, fusie door overneming gelijkgestelde verrichting
  • Capital, €61.500
  • Capital, €46.000
  • Permanent representative, Clarebout Jan
  • Real estate, Een woonhuis op en met grond en aanhorigheden, gelegen te Knokke-Heist, Sparrendreef 112, gekadastreerd volgens titel onder gemeente Knokke, sectie E nummers 14…
  • Accounting effect, 01-01-2019
  • Shareholding, 460, 460
2018
14-09
State Gazette act Reappointments: Ernst & Young Bedrijfsrevisoren BV CVBA, Jan Clarebout and 2 others
Mandate compensation10 facts ▸
  • General meeting, 15-06-2018
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BV CVBA
  • Director reappointment, Jan Clarebout (director)
  • Director reappointment, Werner Verstraete (director)
  • Director reappointment, Yves Capoen (director)
  • Mandate compensation, Jan Clarebout
  • Mandate compensation, Werner Verstraete
  • Mandate compensation, Yves Capoen
  • Board meeting, 18-06-2018
  • Director reappointment, Jan Clarebout (managing director)
26-07
NBB filing Annual accounts filed
fiscal year 2017 · consolidated
25-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
06-12
State Gazette act Resignation: Marian Leir (director)
Appointment: Yves Capoen (director) · Mandate compensation4 facts ▸
  • General meeting, 16-06-2017
  • Director resignation, Marian Leir (director)
  • Director appointment, Yves Capoen (director)
  • Mandate compensation, Yves Capoen
10-11
State Gazette act Capital & shares
Capital decrease · Capital · Statutes amendment4 facts ▸
  • General meeting, 27-10-2017
  • Capital decrease, €7.375.500
  • Capital, €61.500
  • Statutes amendment
2015
27-10
State Gazette act Reappointments: Ernst & Young Assurance Services BV CVBA, Jan Clarebout and 2 others
Permanent representative: Marleen Defoer · Power of attorney · Mandate compensation12 facts ▸
  • General meeting, 19-06-2015
  • Auditor reappointment, Ernst & Young Assurance Services BV CVBA (statutory auditor)
  • Power of attorney, Marleen Defoer BVBA
  • Permanent representative, Marleen Defoer
  • Director reappointment, Jan Clarebout (director)
  • Director reappointment, Werner Verstraete (director)
  • Director reappointment, Marian Lein (director)
  • Mandate compensation, Jan Clarebout
  • Mandate compensation, Werner Verstraete
  • Mandate compensation, Marian Lein
  • Board meeting, 19-06-2015
  • Director reappointment, Jan Clarebout (managing director)
26-06
State Gazette act Restructuring
Merger · Share cancellation · Accounting effect7 facts ▸
  • Merger
  • Merger
  • Share cancellation, aandelen van de overgenomen vennootschappen
  • Accounting effect, 01-01-2015
  • Director discharge, CLAREBOUT
  • No capital increase, geen kapitaalverhoging en geen aandelen worden uitgegeven, gezien de vennootschap eigenares is van alle aandelen van de overgenomen vennootschappen
  • No statute changes, geen wijzigingen aan de statuten
07-04
State Gazette act Restructuring
Merger · Accounting effect · Capital7 facts ▸
  • Board meeting, 20-03-2015
  • Merger, absorption
  • Accounting effect, 01-01-2015
  • Capital, €7.437.000
  • Capital, €200.000
  • Shareholding, 807, 100%
  • Merger reference date, 31-12-2014
07-04
State Gazette act Restructuring
Merger · Capital · Accounting effect10 facts ▸
  • Board meeting, 20-03-2015
  • Merger, absorption
  • Capital, €7.437.000
  • Capital, €250.000
  • Accounting effect, 01-01-2015
  • Shareholding, 2000
  • Merger exchange, no shares issued no exchange ratio
  • Asset transfer, all assets and liabilities
  • Statute modification, not necessary
  • Representation, represented by parent
2013
04-11
State Gazette act Reappointment: Grant Thornton, Lippens & Rabaey CVBA (company auditor)
2 facts ▸
  • General meeting, 15-06-2012
  • Auditor reappointment, Grant Thornton, Lippens & Rabaey CVBA (company auditor)
2010
08-07
State Gazette act Statutes amendment
3 facts ▸
  • General meeting, 29-06-2010
  • Statutes amendment
  • Statutes amendment
18-03
State Gazette act Reappointments: Jan Clarebout (director) and Werner Verstraete (director)
Appointments: Marian Lein (director) and Jan Clarebout (managing director)6 facts ▸
  • General meeting, 15-12-2009
  • Director reappointment, Jan Clarebout (director)
  • Director reappointment, Werner Verstraete (director)
  • Director appointment, Marian Lein (director)
  • Board meeting, 15-12-2009
  • Director appointment, Jan Clarebout (managing director)
2008
28-08
State Gazette act Permanent representative: Jan Clarebout
2 facts ▸
  • Board meeting, 23-07-2008
  • Permanent representative, Jan Clarebout
2005
14-02
State Gazette act Reappointments: Jan Clarebout (director) and Werner Verstraete (director)
4 facts ▸
  • General meeting, 27-05-2004
  • Director reappointment, Jan Clarebout (director)
  • Director reappointment, Werner Verstraete (director)
  • Director reappointment, Jan Clarebout (managing director)
2003
31-03
State Gazette act Appointment: Grant Thornton, Lippens & Rabaey (statutory auditor)
2 facts ▸
  • General meeting, 27-12-2002
  • Auditor appointment, Grant Thornton, Lippens & Rabaey (statutory auditor)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
26 of 26 acts read

Directors · office · real estate

Directors
3 directors, 2 in day-to-day management, no change since 2025

Board 3

Gert Masselus
Director · since 31-10-2025
Current
Graham Dugdale
Director · since 31-10-2025
Current
Yves Capoen
Director · since 31-10-2025
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Marian Lein
Director · since 15-12-2009
Not recently confirmed

Day-to-day management 2

Graham Dugdale
Managing director · since 31-10-2025
Current
Gert Masselus
Managing director · since 18-12-2025
Current

Statutory auditor 1

KPMG Réviseurs d'Entreprises
Statutory auditor · since 27-03-2026 · perm. rep.: Brecht Buysschaert
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Heuvelland · 2 establishment units since 1994
seat establishment All 2 establishment units on the map
Ground area
8.0 ha
Building footprint
3.5 ha
Volume, LiDAR
303,176 m³
2 parcels, Flanders · tallest building 28.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Clarebout
Heirweg(Nieuwk) 26, 8950 HeuvellandInsurance, reinsurance and pension funding, except compulsory social security
since 19942.067.436.125
Clarebout
Cardijnlaan(D) 19, 8600 DiksmuideWholesale of fruit and vegetables, excluding potatoes
since 20152.243.362.352
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33017A0264/00H002 Flanders 6.9 ha 1 · 2.8 ha 28.3 m · 3 fl.
32472B0689/00E002 Flanders 1.2 ha 1 · 7,085 m² 11.3 m · 2 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.

Mandate history

14 people since 2002, 5 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Yves Capoen
  • Director, from 16-06-2017 to 01-12-2023
  • Non-statutory director, already before 23-01-2024 to 31-10-2025
  • Director, from 31-10-2025 to date
Gert Masselus
  • Director, from 01-05-2021 to 01-12-2023
  • Non-statutory director, already before 23-01-2024 to 31-10-2025
  • Director, from 31-10-2025 to date
  • Managing director, from 18-12-2025 to date
Graham Dugdale
  • Director, from 31-10-2025 to date
  • Managing director, from 31-10-2025 to date
KPMG Réviseurs d'Entreprises
  • Statutory auditor, from 27-03-2026 to date
Marian Lein
  • Director, from 15-12-2009 not ended, last confirmed 27-10-2015
Ernst & Young Bedrijfsrevisoren
  • Statutory auditor, from 15-06-2018 to 27-03-2026
Erik Brandenburg
  • Director, from 31-10-2025 ended, last mentioned 12-12-2025
  • Managing director, from 31-10-2025 to 18-12-2025
James Alderman
  • Director, from 31-10-2025 ended, last mentioned 12-12-2025
  • Managing director, from 31-10-2025 to 18-12-2025
Jan Clarebout
  • Director, already before 14-02-2005 to 01-12-2023
  • Managing director, already before 14-02-2005 to 31-10-2025
  • Non-statutory director, already before 23-01-2024 to 31-10-2025
Werner Verstraete
  • Director, already before 14-02-2005 to 30-04-2021
BV CVBA Ernst & Young Assurance Services
  • Statutory auditor, from 19-06-2015 to 15-06-2018
Marian Leir
  • Director, until 04-01-2017
Grant Thornton, Lippens & Rabaey CVBA
  • Company auditor, from 27-12-2002 to 19-06-2015
Raphaël Clarebout
  • Managing director, until 15-12-2009
See the board, name and seat on a given date →

Articles of association

Financial year
From 1 September to 31 August
Annual meeting
The first on 05-02-2027 at 10:00
Purpose
De vennootschap heeft als doel, zowel in binnen- als buitenland, de handel in aardappelen, en het uitoefenen van land- en tuinbouwactiviteiten in de meest ruime zin van het woord.…
Full purpose

De vennootschap heeft als doel, zowel in binnen- als buitenland, de handel in aardappelen, en het uitoefenen van land- en tuinbouwactiviteiten in de meest ruime zin van het woord. De vennootschap heeft eveneens als doel: .het nemen van participaties en deelnemingen in andere vennootschappen en ondernemingen; het besturen, begeleiden, superviseren, adviseren en controleren van ondernemingen en filialen. besturen van vennootschappen in de meest brede zin; . het beleggen, het beheren en uitbaten van onroerende en roerende waarden en bezittingen, het financieren van investeringen, hetzij voor eigen rekening, hetzij voor rekening van derden; . het uitvoeren of doen uitvoeren van research in verband met ondernemingen op alle technische gebieden, zoals marketing, productie, ondernemingstechnieken en dergelijke; . het adviseren van ondernemingen op juridisch en fiscaal vlak, voor zover dit wettelijk is toegelaten, op het vlak van het management en de computersering op wat de boekhoudkundige en administratieve organisatie betreft, alsmede de invoering, de begeleiding en de uitvoering van.deze adviezen;.. . het geven van managementadviezen op het gebied van de marketing, productie, financiën en administratief en commercieel beheer, het uitwerken van organisatieprojecten in ondernemingen; het huren en verhuren, laten bouwen en verbouwen, aankopen en verkopen, verkavelen van onroerende goederen, alsmede het verhandelen van alle materialen en roerende goederen daaromtrent, zelfs indien deze in geen rechtstreeks verband staan met het doel; . het nemen van minderheids- en/of meerderheidsparticipaties in bestaande en/of op te richten ondernemingen, het verstrekken van financiële middelen, het uitwerken van rendementsstudies en technische studies, het creëren van prototypes en nieuwe producten en markten, het op zich nemen van commissionairsactiviteiten. Deze opsomming is slechts als aanhaling en is niet beperkend. De vennootschap zal door middel van inbreng, versmelting, opslorping, inschrijving of op welke wijze ook, mogen deelnemen aan alle ondernemingen, verenigingen, vennootschappen, welke overeenkomen met het doel of die nuttig zijn tot de algehele of gedeeltelijke verwezenlijking van haar doelstellingen, in alle takken van de industrie. Zij mag daarenboven alle handelingen van commerciële, industriële, roerende en financiële aard uitvoeren die rechtstreeks of onrechtstreeks betrekking hebben op het doel van de vennootschap. Zij zal rechtstreeks of onrechtstreeks mogen deelnemen in alle bedrijven, ondernemingen, verenigingen of vennootschappen met een gelijksoortig of een aanverwant doel, of die eenvoudig ruttig zijn tot de verwezenlijking of de uitbreiding van haar doel. Ze kan ook functies van bestuurder, commissaris of vereffenaar van andere vennootschappen uitoefenen en persoonlijke of zakelijke borgen stellen in het voordeel van derden. De vennootschap mag alle burgerlijke-, handels-, nijverheids, financiële, roerende en onroerende of andere verrichtingen of handelingen stellen die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk in verband staan met haar doel of die eenvoudig nuttig zijn of dit doel vergemakkelijken. De vennootschap kan persoonlijke of zakelijke borgen stellen in het voordeel van derden.

Structure & network

Heads the group CLAREBOUT 10 companies Group, risk and exposure

Owners and holdings

21 holdings · 18 subsidiaries in the tree

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 21

Show 11 more holdings
Stated earlier (2)

An older source named these holdings; newer accounts no longer list them.

All subsidiaries, including indirect ones 18

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of CLAREBOUT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

4 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
CLF Logistics
via Yves Capoen · Director
→
GRAMYBEL
via Yves Capoen · Director
→
MYDIBEL
via Yves Capoen · Director
→
MYDIBEL FRESH
via Yves Capoen · Director
→

Ownership & control

4 board mandates
CLAREBOUTBE 0452.829.157
controls
Where this company holds controlsubsidiary per the LEI register2
Komen-Waasten
Board mandates of this companythis company sits on their board3
4 locations
1 location
1 location

Acquisitions and mergers

3 transactions
Took over:H.J.R. ITRACO
BE 0679.433.233operation treated as a merger by absorption · State Gazette act of 02-08-2019 (2 acts)
Took over:Agro Maes
BE 0461.056.242merger by absorption · State Gazette act of 26-06-2015 (2 acts)
Took over:Luc Maes
BE 0431.927.736merger by absorption · State Gazette act of 26-06-2015 (2 acts)

Capital and shareholders

Shareholders according to the acts
Share transfer act of 17-12-2025 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 23-01-2024 Capital stated in 2 acts · 61,500 EUR · 14,055 shares
  2. 10-11-2017 Capital reduction of 7,375,500 EUR · to 61,500 EUR · “aanrekening op het gedeelte van het werkelijk ingebracht/gestort kapitaal”
  3. 07-04-2015 Capital stated in the act · 7,437,000 EUR · 14,055 shares

Recognitions · licences · registrations

Food safety, FASFC

2 sites
Diksmuide2.243.362.352
4 permissions
Erkenning · Boerderij - aardappelpootgoed met plantenpaspoort · since 31-07-2024
Erkenning · Groothandel aardappelpootgoed plantenpaspoort (erkenning) · since 31-07-2024
Opslag andere dan levensmiddelen · since 22-03-2018
and 1 more
Heuvelland2.067.436.125
2 permissions
Trader · since 04-12-2018
Boerderij - akkerbouw · since 16-11-2018

Legal Entity Identifier

549300CCND06PWVTOX43
live in the LEI register

Similar companies · same sector, comparable size

Of 2,711 companies in sector 73200 we hold annual accounts for 1,787. 40 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded09-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46311Wholesale trade
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID 0208:0452829157
Also 9925:BE0452829157

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.