Equity
Equity fell by 67% in 6 years.
Equity fell by 67% in 6 years.
Every financial year from 2020 to 2025 closed with a loss. 2023 was the heaviest.
Of this, €221,959 falls due within a year.
In July 2024, 2,507 companies had the same profile as CLAVAN has now. Each dot stands for 7 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for CLAVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
CLAVAN files the micro format. That format states no turnover. The gross margin rose from €33,083 in 2006 to €52,391 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €100,000 and €270,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
475,344 | 492,964 | 501,291 | 523,911 | 448,070 | 376,586 | 301,518 | 304,913 | 322,256 | 337,907 | 351,964 | 369,184 | 377,549 | 361,136 | 361,845 | 366,400 | 384,886 | 410,030 | 438,460 | 479,403 | |
21/28 |
415,452 | 429,849 | 446,694 | 446,556 | 381,242 | 296,338 | 244,647 | 264,494 | 284,447 | 305,923 | 332,643 | 338,484 | 355,466 | 332,393 | 346,928 | 358,906 | 379,346 | 407,297 | 432,202 | 459,803 | |
22/27 |
415,452 | 429,849 | 446,694 | 446,556 | 381,242 | 296,338 | 244,647 | 264,494 | 284,447 | 305,923 | 332,643 | 337,959 | 354,941 | 331,868 | 346,403 | 358,381 | 378,821 | 406,772 | 431,677 | 459,803 | |
22 |
415,452 | 429,849 | 444,246 | 440,651 | 367,480 | 274,012 | 212,995 | 223,516 | 234,038 | 244,558 | 260,323 | 279,104 | 297,884 | 316,664 | 335,444 | 354,224 | 373,263 | 392,301 | 411,340 | 430,379 | |
23 |
- | - | - | - | - | - | - | - | 106 | 1,428 | 2,751 | 4,073 | 4,869 | 519 | 1,115 | 152 | 228 | 304 | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 33 | 67 | 165 | 6,203 | 12,238 | 18,275 | |
26 |
0 | 0 | 2,448 | 5,906 | 13,762 | 22,326 | 31,652 | 40,978 | 50,303 | 59,937 | 69,569 | 54,782 | 52,188 | 14,685 | 9,811 | 3,938 | 5,165 | 7,964 | 8,099 | 11,149 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | 525 | 525 | 525 | 525 | 525 | 525 | 525 | 525 | - | |
29/58 |
59,892 | 63,115 | 54,597 | 77,354 | 66,828 | 80,248 | 56,871 | 40,419 | 37,809 | 31,984 | 19,321 | 30,700 | 22,083 | 28,743 | 14,917 | 7,494 | 5,540 | 2,733 | 6,258 | 19,600 | |
40/41 |
0 | 811 | 725 | - | - | - | 8,883 | - | 586 | 1,152 | 580 | 6,069 | 5,494 | 491 | - | - | - | - | - | 525 | |
40 |
0 | 811 | 725 | - | - | - | 22 | - | - | - | 70 | - | - | - | - | - | - | - | - | - | |
41 |
- | - | - | - | - | - | 8,861 | - | 586 | 1,152 | 510 | 6,069 | 5,494 | 491 | - | - | - | - | - | 525 | |
54/58 |
58,388 | 59,111 | 52,239 | 76,565 | 66,076 | 79,808 | 46,637 | 39,195 | 37,223 | 30,832 | 18,741 | 24,631 | 16,589 | 28,252 | 14,517 | 7,494 | 5,540 | 2,733 | 5,820 | 19,075 | |
490/1 |
1,504 | 3,193 | 1,634 | 789 | 752 | 440 | 1,351 | 1,224 | - | - | - | - | - | - | 400 | - | - | - | 438 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
475,344 | 492,964 | 501,291 | 523,911 | 448,070 | 376,586 | 301,518 | 304,913 | 322,256 | 337,907 | 351,964 | 369,184 | 377,549 | 361,136 | 361,845 | 366,400 | 384,886 | 410,030 | 438,460 | 479,403 | |
10/15 |
93,595 | 94,997 | 97,113 | 128,667 | 143,330 | 164,257 | 286,086 | 278,422 | 274,297 | 273,708 | 269,371 | 264,231 | 257,463 | 254,424 | 253,693 | 249,412 | 247,218 | 247,356 | 239,343 | 256,644 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | |
10 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | 206,000 | |
13 |
35,879 | 37,735 | 39,591 | 51,736 | 61,589 | 70,285 | 80,086 | 72,422 | 68,297 | 67,708 | 63,371 | 58,231 | 51,463 | 48,424 | 47,693 | 43,412 | 41,764 | 44,243 | 76,632 | 79,261 | |
130/1 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 20,302 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 20,302 | 20,302 | 19,798 | 19,693 | 19,561 | 19,241 | 18,881 | 17,998 | 12,898 | 10,107 | 3,766 | - | - | - | - | |
132 |
13,704 | 15,560 | 17,415 | 19,271 | 21,126 | 22,982 | 24,837 | 27,262 | 25,224 | 27,284 | 29,344 | 31,405 | 33,465 | 35,526 | 37,586 | 39,646 | 41,764 | 44,243 | 76,632 | 79,261 | |
133 |
12,175 | 12,175 | 12,175 | 22,465 | 30,463 | 27,001 | 34,947 | 25,362 | 23,380 | 20,863 | 14,786 | 7,945 | - | - | - | - | - | - | - | - | |
14 |
-42,285 | -42,738 | -42,478 | -23,069 | -18,259 | -6,028 | - | - | - | - | - | - | - | - | - | - | -546 | -2,887 | -43,289 | -28,617 | |
16 |
5,756 | 6,536 | 7,315 | 8,095 | 8,874 | 9,654 | 10,433 | 11,452 | 16,935 | 18,318 | 19,702 | 21,085 | 22,469 | 23,852 | 25,236 | 26,619 | 28,040 | 29,705 | 46,785 | 48,509 | |
168 |
5,756 | 6,536 | 7,315 | 8,095 | 8,874 | 9,654 | 10,433 | 11,452 | 16,935 | 18,318 | 19,702 | 21,085 | 22,469 | 23,852 | 25,236 | 26,619 | 28,040 | 29,705 | 46,785 | 48,509 | |
17/49 |
375,993 | 391,431 | 396,864 | 387,149 | 295,865 | 202,675 | 4,999 | 15,039 | 31,024 | 45,881 | 62,891 | 83,868 | 97,617 | 82,860 | 82,916 | 90,369 | 109,628 | 132,969 | 152,332 | 174,250 | |
17 |
136,358 | 149,571 | 162,625 | 167,450 | 81,799 | - | - | - | - | - | 705 | 705 | 705 | 225 | 18,570 | 37,562 | 55,543 | 71,996 | 88,633 | 105,683 | |
170/4 |
136,358 | 149,571 | 162,625 | 167,450 | 81,799 | - | - | - | - | - | - | - | - | - | 18,345 | 37,337 | 55,318 | 71,771 | 88,408 | 104,408 | |
178/9 |
- | - | - | - | - | - | - | - | - | - | 705 | 705 | 705 | 225 | 225 | 225 | 225 | 225 | 225 | 1,275 | |
42/48 |
221,959 | 226,726 | 225,872 | 213,058 | 208,451 | 202,135 | 3,874 | 13,650 | 28,248 | 42,063 | 58,775 | 79,170 | 92,622 | 79,722 | 61,725 | 49,988 | 51,533 | 58,300 | 59,716 | 66,088 | |
42 |
13,213 | 13,054 | 12,890 | - | - | - | - | - | - | - | - | - | - | 18,345 | 18,991 | 17,981 | 17,025 | 16,637 | 16,001 | 15,391 | |
44 |
37 | 126 | 279 | 0 | 176 | 253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
440/4 |
37 | 126 | 279 | 0 | 176 | 253 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
1,652 | 5,425 | 3,783 | 2,887 | 2,499 | 1,860 | 3,874 | 4,766 | 4,536 | 2,449 | 3,054 | 4,837 | 763 | 568 | 2,767 | 672 | 384 | 2,580 | 703 | - | |
450/3 |
1,652 | 5,425 | 3,783 | 2,887 | 2,499 | 1,860 | 3,874 | 4,766 | 4,536 | 2,449 | 3,054 | 4,837 | 763 | 568 | 2,767 | 672 | 384 | 2,580 | 703 | - | |
47/48 |
207,058 | 208,121 | 208,919 | 210,171 | 205,776 | 200,022 | - | 8,884 | 23,712 | 39,614 | 55,721 | 74,333 | 91,859 | 60,809 | 39,967 | 31,335 | 34,124 | 39,083 | 43,012 | 50,697 | |
492/3 |
17,676 | 15,134 | 8,367 | 6,641 | 5,616 | 540 | 1,125 | 1,389 | 2,776 | 3,818 | 3,411 | 3,993 | 4,290 | 2,913 | 2,621 | 2,819 | 2,552 | 2,673 | 3,983 | 2,479 | |
| Income statement | |||||||||||||||||||||
9900 |
52,391 | 47,164 | 25,818 | 38,533 | 41,453 | 31,148 | 42,395 | 31,577 | 33,645 | 42,852 | 47,413 | 51,218 | 39,885 | 32,553 | 38,233 | 34,604 | 41,036 | 36,329 | 24,822 | 33,083 | |
630 |
14,397 | 16,845 | 17,611 | 15,873 | 16,582 | 24,967 | 19,847 | 19,952 | 21,476 | 26,720 | 29,799 | 27,596 | 27,002 | 21,623 | 21,147 | 20,441 | 27,950 | 28,355 | 28,125 | 28,945 | |
640/8 |
16,760 | 14,058 | 15,846 | 28,116 | 31,993 | 14,139 | 9,684 | 9,352 | 9,324 | 9,348 | 9,292 | 11,001 | 6,829 | 7,947 | 7,734 | 7,491 | 7,583 | 7,904 | 6,682 | 7,767 | |
9901 |
21,234 | 16,262 | -7,639 | -5,456 | -7,121 | -7,958 | 12,864 | 2,273 | 2,845 | 6,784 | 8,322 | 12,621 | 6,054 | 2,983 | 9,352 | 6,672 | 5,503 | 70 | -9,985 | -3,629 | |
75/76B |
- | 0 | 0 | 0 | 0 | 86 | 693 | - | 73 | 80 | 78 | 128 | 73 | 35 | 4 | 5 | 22 | 23 | 20 | 34 | |
75 |
- | 0 | 0 | 0 | 0 | 86 | 693 | - | 73 | 80 | 78 | 128 | 73 | 35 | 4 | 5 | 22 | 23 | 20 | 34 | |
65/66B |
16,764 | 18,947 | 14,208 | 9,807 | 7,579 | 633 | 254 | 1,485 | 1,457 | 1,961 | 2,371 | 3,353 | 3,579 | 3,866 | 4,444 | 5,520 | 7,042 | 7,053 | 9,097 | 4,997 | |
65 |
16,764 | 18,947 | 14,208 | 9,807 | 7,579 | 633 | 254 | 1,485 | 1,457 | 1,961 | 2,371 | 3,353 | 3,579 | 3,866 | 4,444 | 5,520 | 7,042 | 7,053 | 9,097 | 4,997 | |
9903 |
4,470 | -2,685 | -21,846 | -15,263 | -14,701 | -8,505 | 13,303 | 788 | 1,461 | 4,903 | 6,029 | 9,396 | 2,548 | -848 | 4,912 | 1,157 | -1,517 | -6,960 | -19,062 | -8,592 | |
780 |
779 | 779 | 779 | 779 | 779 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
6,652 | 210 | 198 | 180 | 165 | 158 | 6,658 | 2,145 | 2,255 | 1,950 | 2,273 | 4,011 | 406 | 291 | 2,015 | 384 | 286 | 2,108 | -38 | -27 | |
9904 |
-1,402 | -2,115 | -21,265 | -14,664 | -14,086 | -7,884 | 7,664 | -339 | 589 | 4,336 | 5,140 | 6,769 | 3,526 | 244 | 4,280 | 2,195 | -138 | 8,012 | -17,286 | -6,093 | |
789 |
1,856 | 1,856 | 1,856 | 1,856 | 1,856 | 1,856 | 2,425 | 2,425 | 2,060 | 2,061 | 2,061 | 2,060 | 2,060 | 2,060 | 2,061 | 2,116 | 2,479 | 32,389 | 2,594 | 1,713 | |
9905 |
453 | -260 | -19,409 | -12,808 | -12,230 | -6,028 | 10,089 | 2,086 | 2,649 | 6,397 | 7,201 | 8,829 | 5,586 | 2,304 | 6,341 | 4,311 | 2,341 | 40,401 | -14,692 | -4,380 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-42,285 | -42,738 | -42,478 | -31,067 | -18,259 | -6,028 | 10,089 | 2,086 | 2,649 | 6,397 | 7,201 | 8,829 | 5,586 | 2,304 | 6,341 | 3,765 | -546 | -2,887 | -43,289 | -28,617 | |
14P |
-42,738 | -42,478 | -23,069 | -18,259 | -6,028 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 0 | 10,290 | 7,998 | 6,840 | 7,945 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 10,089 | 2,086 | 2,649 | 6,397 | 7,201 | 8,829 | 5,586 | 2,304 | 6,341 | 3,765 | - | - | - | - | |
6920 |
- | - | - | - | - | - | 504 | 104 | 132 | 320 | 360 | 884 | 5,586 | 2,304 | 6,341 | 3,765 | - | - | - | - | |
6921 |
- | - | - | - | - | - | 9,585 | 1,982 | 2,517 | 6,077 | 6,841 | 7,945 | - | - | - | - | - | - | - | - | |
694/7 |
- | 0 | 10,290 | 0 | 6,840 | 7,945 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | 0 | 10,290 | 0 | 6,840 | 7,945 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-05-2026 | 2026-00119865 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00241509 | |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00122783 | |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00097794 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20123551 | |
| 31-12-2020 | micro format | 11-06-2021 | 2021-18800388 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-15600244 | |
| 31-12-2018 | micro format | 06-06-2019 | 2019-16100331 | |
| 31-12-2017 | micro format | 13-06-2018 | 2018-18600151 | |
| 31-12-2016 | micro format | 08-06-2017 | 2017-16100338 | |
| 31-12-2015 | abbreviated format | 17-05-2016 | 2016-12600172 | |
| 31-12-2014 | abbreviated format | 13-08-2015 | 2015-42400105 | |
| 31-12-2013 | abbreviated format | 21-05-2014 | 2014-13200240 | |
| 31-12-2012 | abbreviated format | 23-08-2013 | 2013-46600071 | |
| 31-12-2011 | abbreviated format | 27-08-2012 | 2012-48400229 | |
| 31-12-2010 | abbreviated format | 22-06-2011 | 2011-20100070 | |
| 31-12-2009 | abbreviated format | 13-07-2010 | 2010-31900502 | |
| 31-12-2008 | abbreviated format | 26-06-2009 | 2009-31500160 | |
| 31-12-2007 | abbreviated format | 25-06-2008 | 2008-30500368 | |
| 31-12-2006 | abbreviated format | 27-08-2007 | 2007-65400119 | |
| 31-12-2005 | abbreviated format | 31-07-2006 | 2006-56000021 | |
| 31-12-2004 | abbreviated format | 13-07-2005 | 2005-46300045 | |
| 31-12-2003 | abbreviated format | 12-11-2004 | 2004-78100232 | |
| 31-12-2002 | abbreviated format | 11-06-2003 | 2003-20900280 | |
| 31-12-2001 | abbreviated format | 14-02-2003 | 2003-04200219 | |
| 31-12-2000 | abbreviated format | 25-01-2002 | 2002-02100277 | |
| 31-12-1999 | abbreviated format | 28-11-2000 | 2000-72700274 | |
| 31-12-1998 | abbreviated format | 11-06-1999 | 1999-16600284 | |
| 31-12-1997 | abbreviated format | 14-09-1998 | 1998-46403417 | |
| 31-12-1996 | abbreviated format | 30-01-1998 | 1998-01900767 | |
| 31-12-1995 | abbreviated format | 27-09-1996 | 1996-45104916 | |
| 31-12-1994 | abbreviated format | 14-12-1995 | 1995-59904463 | |
| 31-12-1993 | abbreviated format | 20-09-1994 | 1994-40205362 | |
| 31-12-1992 | abbreviated format | 20-07-1993 | 1993-27703541 | |
| 31-12-1991 | abbreviated format | 16-06-1992 | 1992-11500695 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 35,631 | 33,107 | 9,972 | 10,417 | 9,460 | 17,009 | 32,711 | 22,225 | 24,321 | 33,504 | 38,121 | 40,217 | 33,056 | 24,606 | 30,499 | 27,113 | 33,453 | 28,425 | 18,140 | 25,316 | ||
| 12,995 | 14,730 | -3,654 | 1,209 | 2,496 | 17,083 | 27,511 | 19,613 | 22,065 | 31,056 | 34,939 | 34,365 | 30,528 | 21,867 | 25,427 | 22,636 | 27,812 | 36,367 | 10,839 | 22,852 | ||
| 0 | 0 | 17,748 | 81,188 | 101,485 | 76,658 | 0 | -1 | 0 | 0 | 24,484 | 10,613 | 50,076 | 7,088 | 9,169 | 1 | -1 | 3,449 | 524 | 638 | ||
| -722 | 6,872 | -24,327 | 10,489 | -13,732 | 33,171 | 7,442 | 1,972 | 6,391 | 12,091 | -5,890 | 8,042 | -11,663 | 13,735 | 7,023 | 1,954 | 2,807 | -3,087 | -13,255 | - | ||
| -162,067 | -163,611 | -171,275 | -135,704 | -141,622 | -121,887 | 52,997 | 26,769 | 9,561 | -10,079 | -39,454 | -48,470 | -70,539 | -50,979 | -46,808 | -42,494 | -45,993 | -55,567 | -53,458 | -46,488 | ||
| 19.7% | 19.3% | 19.4% | 24.6% | 32.0% | 43.6% | 94.9% | 91.3% | 85.1% | 81.0% | 76.5% | 71.6% | 68.2% | 70.5% | 70.1% | 68.1% | 64.2% | 60.3% | 54.6% | 53.5% | ||
| 0.27 | 0.28 | 0.24 | 0.36 | 0.32 | 0.40 | 14.68 | 2.96 | 1.34 | 0.76 | 0.33 | 0.39 | 0.24 | 0.36 | 0.24 | 0.15 | 0.11 | 0.05 | 0.10 | 0.30 | ||
| 4.02 | 4.12 | 4.09 | 3.01 | 2.06 | 1.23 | 0.02 | 0.05 | 0.11 | 0.17 | 0.23 | 0.32 | 0.38 | 0.33 | 0.33 | 0.36 | 0.44 | 0.54 | 0.64 | 0.68 | ||
| -1.5% | -2.2% | -21.9% | -11.4% | -9.8% | -4.8% | 2.7% | -0.1% | 0.2% | 1.6% | 1.9% | 2.6% | 1.4% | 0.1% | 1.7% | 0.9% | -0.1% | 3.2% | -7.2% | -2.4% | ||
| -0.3% | -0.4% | -4.2% | -2.8% | -3.1% | -2.1% | 2.5% | -0.1% | 0.2% | 1.3% | 1.5% | 1.8% | 0.9% | 0.1% | 1.2% | 0.6% | 0.0% | 2.0% | -3.9% | -1.3% | ||
| 2.13 | 1.75 | 0.70 | 1.06 | 1.25 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €17,748 | €81,188 | €101,485 |
| Financial fixed assets | €0 | - | - | - | - |
| €14,397 | €16,845 | €17,611 | €15,873 | €16,582 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 31% higher than in 2024 and the highest since 2006. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 79.4% to 79.1%. Equity and debt are lower.
CLAVAN has no parent and no holdings in its annual accounts. CLAVAN shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Marktstraat 58 registered office 8530 Harelbeke 6523 Insurance, reinsurance and pension funding, except compulsory social security | 18-04-1991 | 2.052.407.459 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34013A1068/00H000 | 1,612 m² | 1 · 472 m² | 20.6 m · 5 |
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