CLARUS
ActiveSummary
CLARUS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,445 and a net result of €8,780. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 17% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+82
Solvency40▲+3
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.77 against 1.1 in 2023; short-term debt: 78.7% and cash: 18.8% of total assets), and 85.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.6%
Return on assets
10.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 17%
← weakest
strongest →
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 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €12,445
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 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
121 d late
2022
57 d late
2021
86 d late
2020
118 d late
2019
150 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 104 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€106,450▲ 6.0%
2022 · €100,380
EBIT margin
-6.1%▼ 19.0pp
2022 · 12.9%
Net result
€8,780
2023 · -€6,718
Working capital
-€15,143
2023 · €2,663
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€49,279€72,965▲ 48.1%€100,380▲ 37.6%€106,450▲ 6.0%
Operating result-€24,682▼ 1,097%€11,965€12,918▲ 8.0%-€6,503€10,347
Net result-€24,903below the sector's middle half▼ 1,082%€11,796within the sector's middle half€12,279within the sector's middle half▲ 4.1%-€6,718below the sector's middle half€8,780within the sector's middle half
EBIT margin-50.1%16.4%▲ 66.5pp12.9%▼ 3.5pp-6.1%▼ 19.0pp
Equity-€13,692below the sector's middle half-€1,896below the sector's middle half▲ 86.2%€10,383below the sector's middle half€3,665below the sector's middle half▼ 64.7%€12,445below the sector's middle half▲ 240%
Total assets€54,813below the sector's middle half▼ 21.5%€65,980below the sector's middle half▲ 20.4%€36,476below the sector's middle half▼ 44.7%€30,626below the sector's middle half▼ 16.0%€84,989within the sector's middle half▲ 178%
Debt€68,505▲ 16.9%€67,876▼ 0.9%€26,093▼ 61.6%€26,961▲ 3.3%€72,544▲ 169%
Working capital-€26,172▼ 347%-€9,027▲ 65.5%€8,158€2,663▼ 67.4%-€15,143
Solvency-25.0%below the sector's middle half▼ 41.0pp-2.9%below the sector's middle half▲ 22.1pp28.5%within the sector's middle half▲ 31.3pp12.0%below the sector's middle half▼ 16.5pp14.6%below the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 returns to profit in 2024: €10,347 after a loss of €6,503 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,989
Fixed assets
€33,226 ▲ 3,217%
Current assets
€51,764 ▲ 74.7%
Equity and liabilities €84,989
Equity
€12,445 ▲ 240%
Debt
€72,544 ▲ 169%
Debt's share of the balance-sheet total falls from 88.0% to 85.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,932▲
2023 · -€5,279
Cash flow
€13,366▲
2023 · -€5,494
Current ratio
0.77▼
2023 · 1.10
Debt to equity
5.83▼
2023 · 7.36
ROE
70.6%▲
2023 · -183.3%
ROA
10.3%▲
2023 · -21.9%
Interest coverage
9.53▲
2023 · -24.44
Debt ≤ 1 year
€66,907▲
2023 · €26,961
Debt > 1 year
€5,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,058 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% | 1.6% |
| 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 74% 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 3,811 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €49,279 | €72,965 | €100,380 | €106,450 | - | - |
| Non-recurring operating income76A | - | €114 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €55,044 | €77,708 | €111,931 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,301 | €6,166 | €6,199 | €1,224 | €4,586 | ▲ 275% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,764 | - | -€754 | - |
| Other operating charges640/8 | - | €99 | €958 | - | €1,548 | - |
| Non-recurring operating charges66A | - | €20 | €50 | €15 | €19,100 | ▲ 129,920% |
| Gross operating margin9900 | -€17,695 | €18,250 | €22,889 | -€5,265 | €34,826 | ▲ 761% |
| Operating profit (loss)9901 | -€24,682 | €11,965 | €12,918 | -€6,503 | €10,347 | ▲ 259% |
| Financial income75/76B | - | €2 | - | €1 | - | - |
| Recurring financial income75 | - | €2 | - | €1 | - | - |
| Financial charges65/66B | - | €170 | €639 | €216 | €1,566 | ▲ 625% |
| Recurring financial charges65 | €221 | €170 | €639 | €216 | €1,566 | ▲ 625% |
| Profit (loss) for the period before taxes9903 | -€24,903 | €11,796 | €12,279 | -€6,718 | €8,780 | ▲ 231% |
| Profit (loss) for the period9904 | -€24,903 | €11,796 | €12,279 | -€6,718 | €8,780 | ▲ 231% |
| Profit (loss) for the period to be appropriated9905 | -€24,903 | €11,796 | €12,279 | -€6,718 | €8,780 | ▲ 231% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,813 | €65,980 | €36,476 | €30,626 | €84,989 | ▲ 178% |
| Fixed assets21/28 | €12,480 | €7,131 | €2,226 | €1,002 | €33,226 | ▲ 3,217% |
| Tangible fixed assets22/27 | €12,480 | €7,131 | €2,226 | €1,002 | €33,226 | ▲ 3,217% |
| Plant, machinery and equipment23 | - | €1,863 | €1,802 | €776 | €988 | ▲ 27.3% |
| Furniture and vehicles24 | - | €5,269 | €423 | €225 | €32,238 | ▲ 14,207% |
| Current assets29/58 | €42,334 | €58,849 | €34,250 | €29,624 | €51,764 | ▲ 74.7% |
| Stocks and contracts in progress3 | €1,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €34,788 | €37,828 | €32,099 | €15,117 | €35,580 | ▲ 135% |
| Trade receivables40 | - | €37,828 | €29,694 | €9,834 | €34,943 | ▲ 255% |
| Other amounts receivable41 | - | - | €2,405 | €5,283 | €637 | ▼ 87.9% |
| Cash at bank and in hand54/58 | €5,405 | €20,201 | €2,151 | €14,507 | €15,973 | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | €820 | - | - | €211 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,813 | €65,980 | €36,476 | €30,626 | €84,989 | ▲ 178% |
| Equity10/15 | -€13,692 | -€1,896 | €10,383 | €3,665 | €12,445 | ▲ 240% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€34,152 | -€22,356 | -€10,077 | -€16,795 | -€8,015 | ▲ 52.3% |
| Amounts payable17/49 | €68,505 | €67,876 | €26,093 | €26,961 | €72,544 | ▲ 169% |
| Amounts payable after more than one year17 | - | - | - | - | €5,331 | - |
| Financial debts170/4 | - | - | - | - | €5,331 | - |
| Amounts payable within one year42/48 | €68,505 | €67,876 | €26,093 | €26,961 | €66,907 | ▲ 148% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,856 | - |
| Trade debts44 | €171 | €1,350 | €700 | €211 | €15,785 | ▲ 7,395% |
| Suppliers440/4 | - | €1,350 | €700 | €211 | €15,785 | ▲ 7,395% |
| Advances received on contracts in progress46 | - | €15,723 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €4,307 | - | €26,687 | - | - |
| Taxes450/3 | - | €4,307 | - | €26,687 | - | - |
| Other amounts payable47/48 | - | €46,496 | €25,392 | €63 | €41,266 | ▲ 65,662% |
| Accrued charges and deferred income492/3 | - | - | - | - | €307 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,903 | €11,796 | €12,279 | -€6,718 | €8,780 | ▲ 231% |
| + Depreciation and write-downs630 | €6,301 | €6,166 | €6,199 | €1,224 | €4,586 | ▲ 275% |
| Operating cash flow (approximation) | -€18,601 | €17,963 | €18,478 | -€5,494 | €13,366 | ▲ 343% |
| Investment in fixed assets (approximation) | - | -€818 | -€1,293 | €0 | -€36,810 | - |
| Change in cash | - | €14,796 | -€18,050 | €12,356 | €1,466 | ▼ 88.1% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €8,780
Net result €8,780 after one loss-making year.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Highest result since 2018net €12,279 ▲4.1%
Operating result €12,918, net result €12,279, both a record.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-12
Financial
Back to profitnet €11,796
Net result €11,796 after 2 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
31-12
Financial
Weakest financial yearnet -€24,903
Net result drops to -€24,903, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Lasne · 1 establishment unit since 2002
Ground area
346 m²
Building footprint
93 m²
Parcel 25076C0478/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin du Pêque 30, 1380 Lasne
since 20022.115.097.767
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076C0478/00R000 | Wallonia | 346 m² | 1 · 93 m² | - |
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.
Similar companies · same sector, comparable size
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MS CARRELAGES
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,182 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
Founded24-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
41001General construction of residential buildings
43310Plastering work
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478395981
Also
9925:BE0478395981
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.