Financials
- Financial year
- 2024
- Turnover
- €1.80bn
- Profit
- €180.7m
- Solvency
- 55.6%
Turnover▲ 12.2%
Net result
20182024
CLAREBOUT POTATOES
ActiveSummary
CLAREBOUT POTATOES has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €548.7m and a net result of €180.7m. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 74% of 870 sector peers (NACE 10, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Manufacture of food products
NACE 10312
Largest company by total assets in West Flanders, Food products sector3 sites
Size
€1.80bnturnover 2024
- Staff
- 711.6 FTE
- Equity
- €548.7m
- Profit
- €180.7m
Structure
- Parent
- CLAREBOUT · 100%
- Board
- 4 members
- Erik BrandenburgManaging director
Auditor: KPMG Réviseurs d'EntreprisesAccounts 83 days overdue
Why 58raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 19-12-2025)1 financial year not filed after the legal deadline; latest accounts 140 days late; 3 of the last 3 lateLiquidity: current ratio 3.09, cash €12.6mlowers riskFounded in 1987Show the evidence
Checked score
Score 2024
58
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 82% of its sector peers (NACE 10, large)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency
81+5
equity 55.6% of total assets
Liquidity
39+5
short-term debt 30.1% · cash 1.3%
Profitability
87-13
return on assets 18.3%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.5%▲ +0.1 percentage points vs 11-2024
01-2025: 1.2%▲ +0.7 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.1%▼ -0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.7%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.7%● unchanged vs 08-2025highest value
10-2025: 1.7%● unchanged vs 09-2025highest value
11-2025: 1.7%● unchanged vs 10-2025highest value
12-2025: 1.7%● unchanged vs 11-2025highest value
01-2026: 0.4%▼ -1.3 percentage points vs 12-2025
02-2026: 0.5%▲ +0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026
10-2026: 1.1%▲ +0.3 percentage points vs 09-2026
Credit of up to €31,800,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 3.09, compared with 2.37 in 2023, above the usual 1.5; short-term debt: 30.1% and cash: 1.3% of total assets), and 44.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, large): better than 75% on solvency, 63% on liquidity, 99% on profitability and 91% on growth.
The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 83 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline22-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
140 days late
2023
533 days late
2022
141 days late
2021
25 days late
2020
25 days late
2019
25 days 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 148 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Board meeting · Power of attorneyGazette deed
- Amendment of the articlesPower of attorney
- Resignations & appointmentsPower of attorney
Key points
- Positive: Largest company by total assets in West Flanders, Food products sectorin the Checked rankings No. 1 View
- Caution: Accounts not fileddeadline was 31-07-2026 83 days late View
- Board changedlatest change 12-12-2025 · 4 in office 3 joined · 2 left View
- Positive: Equity rose in 2024from €368.1m to €548.7m ▲ 49.1% View
- Positive: 4 years of growth in a rowturnover 2024: €1.80bn 4 years View
- Controlled by CLAREBOUTultimately: Simplot Europe Holdings 100% View
By topic
Board & ownership
- Board
- 4 members
- Parent
- CLAREBOUT · 100%
- Auditor
- KPMG Réviseurs d'Entreprises
- Erik BrandenburgManaging director
- Graham DugdaleManaging director
- James AldermanManaging director
- CLAREBOUTManaging director
Network & group
- Group
- Simplot Europe Holdings
- Connected companies
- 12
Timeline
- Events
- 58
- Since
- 1990
- 27-03-2026Resignation: EY Bedrijfsrevisoren BV (statutory auditor)
- 16-01-2026Resignations & appointments
- 15-01-2026Annual accounts filed
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Manufacture of food productsNACE 10312
- Founded
- 02-12-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 6
- Financial year
- From 1 September to 31 August
- Annual meeting
- The first on 05-02-2027 at 10:30
- Purpose
- “Het verwerken, bewerken, bereiden, invriezen, verpakken, sorteren, stockeren, voor eigen…” (deed in Dutch)
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