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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 1.2% (low).

Overview

Activity
Market research and public opinion polling
NACE 73200Wholesale trade NACE 46311NACE 51310
#1 company by total assets in West Flanders, Advertising and market research sector2 sites
Size
€794.6mturnover 2024
Staff
32.4 FTE
Equity
€229.2m
Profit
€5.9m
Financial health
64 Healthy Checked score 2024
Bankruptcy chance 12 m
1.2%
Structure
Board
5 members
Holdings
20
Auditor: KPMG Réviseurs d'EntreprisesAccounts 67 d overdue
Why 64- Figures for FY 2024 (filed 02-07-2025)- Liquidity: current ratio 0.69, cash €2.3m+ Founded in 1994+ Legal form Public limited companyShow the evidence

Checked score

Score 2024
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 39% of its sector peers (NACE 73, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency 64-6
equity 38.7% of total assets
Liquidity 28-9
short-term debt 46.0% · cash 0.4%
Profitability 35-13
return on assets 1.0%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (716 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▼ -4.4% vs 01-2025lowest value 03-2025: 0.2%▲ +2.0% vs 02-2025 04-2025: 0.2%▼ -0.6% vs 03-2025 05-2025: 0.2%▲ +5.2% vs 04-2025 06-2025: 0.2%▲ +3.1% vs 05-2025 07-2025: 0.2%▲ +31.1% vs 06-2025 08-2025: 0.2%▲ +4.6% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%▼ -3.9% vs 01-2026 03-2026: 0.2%▲ +2.3% vs 02-2026 04-2026: 0.2%▲ +3.6% vs 03-2026 05-2026: 0.2%▲ +5.2% vs 04-2026 06-2026: 0.3%▲ +2.4% vs 05-2026 07-2026: 0.3%▲ +0.8% vs 06-2026 08-2026: 0.6%▲ +150% vs 07-2026 09-2026: 0.8%▲ +23.4% vs 08-2026 10-2026: 1.2%▲ +58.3% vs 09-2026highest value
  • Figures for FY 2024 (filed 02-07-2025) raises the probability
  • Liquidity: current ratio 0.69, cash €2.3m raises the probability
  • Founded in 1994 lowers the probability for this profile
  • Legal form Public limited company lowers the probability
Credit up to €14,650,000 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.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, small). Better than this share of them on solvency 44%, liquidity 18%, profitability 22%, growth against the median 71%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 02-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.69, cash €2.3m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1994
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
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
  1. Statutes amendmentState Gazette act
  2. Resignations & appointmentsPower of attorney
  3. Resignation: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Leen Defoer and…

Key points

  • Caution: Result fell in 2024from €205.3m to €5.9m ▼ 97.1% View
  • Positive: Company by total assets in West Flanders, Advertising…in the Checked rankings #1 View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Board changedlatest change 18-12-2025 · 5 in office 6 joined · 1 left View
  • Heads a groupcompanies controlled 18 View
  • Positive: 4 years of growth in a rowturnover 2024: €794.6m 4 years View

By topic

Financials

Fiscal year
2024
Turnover
€794.6m
Profit
€5.9m
Solvency
38.7%
Turnover▲ 36.9%
Net result
20182024
Go to Financials

Network & group

Subsidiaries
18
Holdings
20
Connected companies
4
Mergers and contributions
3

20 holdings

Go to Network & group

Timeline

Events
40
Since
2003
  1. 21-08-2026Statutes amendment
  2. 15-07-2026Resignations & appointments
  3. 27-03-2026Resignation: EY Bedrijfsrevisoren BV (statutory auditor)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Market research and public opinion pollingNACE 73200
Founded
09-06-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
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…
Go to Articles of association

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