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CLAVAST

Active
Private limited companyfounded 200323 yrs activeOostendse Steenweg 320, 8000 Brugge, BelgiumKBO/BCE: BE 0479.639.066
Summary

CLAVAST has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €964,817 and a net result of -€14,215. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 1078 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability40▼-35
Solvency55▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.51 in 2023; short-term debt: 12.7% and cash: 0.3% of total assets), and 69.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
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 2024
Solvency, return and age of the figures
Solvency
30.3%
Return on assets
-0.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
49 d late
2023
84 d early
2022
60 d late
2021
29 d late
2020
30 d early
2019
31 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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

On 25 February 2003, CLAVAST was incorporated.1 Total assets went from EUR 4.5 million in 2018 to EUR 3.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€964,817▼ 36.0%
2023 · €1.5m
Total assets
€3.2m▼ 23.9%
2023 · €4.2m
Net result
-€14,215
2023 · €218,200
Working capital
€8,830
2023 · -€412,001
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Operating result-€3,839▲ 90.7%€333,908€303,975▼ 9.0%€307,199▲ 1.1%€55,191▼ 82.0%
Net result-€27,905below the sector's middle half▲ 57.9%€312,786above the sector's middle half€224,610above the sector's middle half▼ 28.2%€218,200above the sector's middle half▼ 2.9%-€14,215below the sector's middle half
Equity€752,681above the sector's middle half▼ 3.6%€1.1mabove the sector's middle half▲ 41.6%€1.3mabove the sector's middle half▲ 21.1%€1.5mabove the sector's middle half▲ 16.9%€964,817above the sector's middle half▼ 36.0%
Total assets€4.4mabove the sector's middle half▲ 0.6%€4.1mabove the sector's middle half▼ 5.8%€4.1mabove the sector's middle half▼ 0.1%€4.2mabove the sector's middle half▲ 2.0%€3.2mabove the sector's middle half▼ 23.9%
Debt€3.6m▲ 1.5%€3.0m▼ 15.7%€2.8m▼ 7.6%€2.7m▼ 4.8%€2.2m▼ 17.0%
Working capital-€81,665below the sector's middle half▼ 51.6%-€252,371below the sector's middle half▼ 209%-€312,342below the sector's middle half▼ 23.8%-€412,001below the sector's middle half▼ 31.9%€8,830within the sector's middle half
Solvency17.3%within the sector's middle half▼ 0.7pp26.0%within the sector's middle half▲ 8.7pp31.5%within the sector's middle half▲ 5.5pp36.1%within the sector's middle half▲ 4.6pp30.3%within the sector's middle half▼ 5.8pp
Current ratio0.82below the sector's middle half▲ 0.030.44below the sector's middle half▼ 0.380.49below the sector's middle half▲ 0.050.51below the sector's middle half▲ 0.021.02within the sector's middle half▲ 0.51
Return on assets (ROA)-0.6%below the sector's middle half▲ 0.9pp7.6%within the sector's middle half▲ 8.3pp5.5%within the sector's middle half▼ 2.1pp5.2%within the sector's middle half▼ 0.3pp-0.4%below the sector's middle half▼ 5.7pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000Operating result 2020: -€3,839-€3,839Net result 2020: -€27,905-€27,905Operating result 2021: €333,908€333,908Net result 2021: €312,786€312,786Operating result 2022: €303,975€303,975Net result 2022: €224,610€224,610Operating result 2023: €307,199€307,199Net result 2023: €218,200€218,200Operating result 2024: €55,191€55,191Net result 2024: -€14,215-€14,21520202021202220232024-€100,000€0€100,000€200,000€300,000Operating result 2022: €303,975€304,000Net result 2022: €224,610€225,000Operating result 2023: €307,199€307,000Net result 2023: €218,200€218,000Operating result 2024: €55,191€55,200Net result 2024: -€14,215-€14,200202220232024
The operating result falls in 2024; 2024 is 82% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.2m
Fixed assets €2.8m ▼ 26.2%
Current assets €414,098 ▼ 3.8%
Equity and liabilities €3.2m
Equity €964,817 ▼ 36.0%
Debt €2.2m ▼ 17.0%
Debt's share of the balance-sheet total rises from 63.9% to 69.7%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€187,622▼
2023 · €436,296
Cash flow
€118,216▼
2023 · €347,297
Debt to equity
2.30▲
2023 · 1.77
ROE
-1.5%▼
2023 · 14.5%
Interest coverage
2.63▼
2023 · 13.09
Debt ≤ 1 year
€405,268▼
2023 · €842,407
Debt > 1 year
€1.8m▼
2023 · €1.8m
Income taxes
€2,312▼
2023 · €80,664
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.1% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 8,611 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€4.2m€3.2m▼
Fixed assets21/28€3.7m€2.8m▼
Tangible fixed assets22/27€2.9m€2.8m▼
Land and buildings22€2.9m€2.8m▼
Furniture and vehicles24€10,480€7,167▼
Financial fixed assets28€854,244-
Current assets29/58€430,406€414,098▼
Amounts receivable within one year40/41€401,940€404,474▲
Trade receivables40€48,699€76,233▲
Other amounts receivable41€353,241€328,241▼
Cash at bank and in hand54/58€28,466€8,025▼
Deferred charges and accrued income490/1-€1,599
Equity and liabilities
Total equity and liabilities10/49€4.2m€3.2m▼
Equity10/15€1.5m€964,817▼
Contributions10/11€802,500€520,908▼
Reserves13€705,777€443,909▼
Tax-exempt reserves132€235,760€153,033▼
Distributable reserves133€470,017€290,876▼
Amounts payable17/49€2.7m€2.2m▼
Amounts payable after more than one year17€1.8m€1.8m▼
Financial debts170/4€1.3m€1.8m▲
Other amounts payable178/9€473,830€6,866▼
Amounts payable within one year42/48€842,407€405,268▼
Current portion of amounts payable after more than one year42€124,236€207,527▲
Trade debts44€113,359€126,653▲
Suppliers440/4€113,359€126,653▲
Taxes, remuneration and social security45€21,449€21,088▼
Taxes450/3€21,449€21,088▼
Other amounts payable47/48€583,363€50,000▼
Accrued charges and deferred income492/3€11,348€1,750▼
Income statement Code20232024
Non-recurring operating income76A-€1,827
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129,097€132,431▲
Other operating charges640/8€7,558€17,856▲
Gross operating margin9900€443,854€205,478▼
Operating profit (loss)9901€307,199€55,191▼
Financial income75/76B€25,000€4,178▼
Recurring financial income75€25,000€4,178▼
Financial charges65/66B€33,335€71,272▲
Recurring financial charges65€33,335€71,272▲
Profit (loss) for the period before taxes9903€298,864-€11,903▼
Income taxes67/77€80,664€2,312▼
Profit (loss) for the period9904€218,200-€14,215▼
Transfer to tax-exempt reserves689€105,250-
Profit (loss) for the period to be appropriated9905€112,950-€14,215▼
Appropriation of the result
Profit (loss) to be appropriated9906€112,950-€14,215▼
Transfer from equity791/2-€14,215
Transfer to equity691/2€112,950-
To other reserves6921€112,950-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€1,827-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€188,631€189,966€180,923€129,097€132,431▲ 2.6%
Other operating charges640/8-€6,921€6,956€7,558€17,856▲ 136%
Gross operating margin9900€191,498€530,795€491,854€443,854€205,478▼ 53.7%
Operating profit (loss)9901-€3,839€333,908€303,975€307,199€55,191▼ 82.0%
Financial income75/76B-€48,000€26,781€25,000€4,178▼ 83.3%
Recurring financial income75€729€48,000€26,781€25,000€4,178▼ 83.3%
Financial charges65/66B-€23,457€22,298€33,335€71,272▲ 114%
Recurring financial charges65€24,826€23,457€22,298€33,335€71,272▲ 114%
Profit (loss) for the period before taxes9903-€27,936€358,451€308,458€298,864-€11,903▼ 104%
Income taxes67/77-€31€45,665€83,848€80,664€2,312▼ 97.1%
Profit (loss) for the period9904-€27,905€312,786€224,610€218,200-€14,215▼ 107%
Transfer to tax-exempt reserves689--€130,510€105,250--
Profit (loss) for the period to be appropriated9905-€27,905€312,786€94,100€112,950-€14,215▼ 113%
Line20202021202220232024Change
Assets
Total assets20/58€4.4m€4.1m€4.1m€4.2m€3.2m▼ 23.9%
Fixed assets21/28€4.0m€3.9m€3.8m€3.7m€2.8m▼ 26.2%
Tangible fixed assets22/27€3.1m€3.0m€2.9m€2.9m€2.8m▼ 4.4%
Land and buildings22-€3.0m€2.9m€2.9m€2.8m▼ 4.3%
Plant, machinery and equipment23-€2,480€1,240---
Furniture and vehicles24-€13,721€14,071€10,480€7,167▼ 31.6%
Financial fixed assets28€822,308€854,244€854,244€854,244--
Current assets29/58€382,371€198,417€299,457€430,406€414,098▼ 3.8%
Amounts receivable within one year40/41€378,312€145,955€220,422€401,940€404,474▲ 0.6%
Trade receivables40-€41,986€35,951€48,699€76,233▲ 56.5%
Other amounts receivable41-€103,969€184,471€353,241€328,241▼ 7.1%
Cash at bank and in hand54/58€4,059€52,462€66,754€28,466€8,025▼ 71.8%
Deferred charges and accrued income490/1--€12,281-€1,599-
Equity and liabilities
Total equity and liabilities10/49€4.4m€4.1m€4.1m€4.2m€3.2m▼ 23.9%
Equity10/15€752,681€1.1m€1.3m€1.5m€964,817▼ 36.0%
Contributions10/11-€802,500€802,500€802,500€520,908▼ 35.1%
Reserves13€80,250€262,967€487,577€705,777€443,909▼ 37.1%
Non-distributable reserves130/1-€80,250€80,250---
Reserves not available under the articles1311-€80,250€80,250---
Tax-exempt reserves132--€130,510€235,760€153,033▼ 35.1%
Distributable reserves133-€182,717€276,817€470,017€290,876▼ 38.1%
Profit (loss) carried forward14-€130,069-----
Amounts payable17/49€3.6m€3.0m€2.8m€2.7m€2.2m▼ 17.0%
Amounts payable after more than one year17€3.1m€2.6m€2.2m€1.8m€1.8m▼ 0.4%
Financial debts170/4-€1.6m€1.5m€1.3m€1.8m▲ 34.3%
Other amounts payable178/9-€960,832€706,197€473,830€6,866▼ 98.6%
Amounts payable within one year42/48€464,036€450,788€611,799€842,407€405,268▼ 51.9%
Current portion of amounts payable after more than one year42-€143,487€142,174€124,236€207,527▲ 67.0%
Trade debts44€68,051€108,806€118,280€113,359€126,653▲ 11.7%
Suppliers440/4-€108,806€118,280€113,359€126,653▲ 11.7%
Taxes, remuneration and social security45-€98,130€120,345€21,449€21,088▼ 1.7%
Taxes450/3-€98,130€120,345€21,449€21,088▼ 1.7%
Other amounts payable47/48-€100,365€231,000€583,363€50,000▼ 91.4%
Accrued charges and deferred income492/3-€14,794€19,920€11,348€1,750▼ 84.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€27,905€312,786€224,610€218,200-€14,215▼ 107%
+ Depreciation and write-downs630€188,631€189,966€180,923€129,097€132,431▲ 2.6%
Operating cash flow (approximation)€160,726€502,752€405,533€347,297€118,216▼ 66.0%
Investment in fixed assets (approximation)--€120,235-€73,821-€81,781€848,496▲ 1,138%
Change in cash-€48,403€14,292-€38,288-€20,441▲ 46.6%

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

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Timeline · acts, filings and financial milestones

2025
18-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
08-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial Back to profitnet €312,786
Net result €312,786 after 3 loss-making years.
31-12
Financial Equity above €1mEq €1.1m ▲41.6%
Equity rises from €752,681 to €1.1m.
01-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
05-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
20-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
23-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Brugge · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
1.9 ha
Building footprint
229 m²
Volume, LiDAR
1,290 m³
Parcel 31808L0190/00K000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
IMMO CLAVAST
Oostendse Steenweg 320, 8000 BruggeNACE 70322
since 20032.132.033.670
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31808L0190/00K000 Flanders 1.9 ha 1 · 229 m² 8.8 m · 2 fl.
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 1

According to the 2023 annual accounts of CLAVAST 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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,279 companies in sector 81100 we hold annual accounts for 679. 431 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
Founded25-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0479639066
Also 9925:BE0479639066

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

Register as of 30 September 2026 · Peppol Directory

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