CLAVIMIAL TECHNICAL SOLUTIONS

Active

Private limited companyfounded 20224 yrs activeLaarstraat 27, 9320 Aalst, BelgiumKBO/BCE: BE 0779.980.958

The computed 12-month bankruptcy probability of CLAVIMIAL TECHNICAL SOLUTIONS is 2.8% (moderate). The 2024 annual accounts show equity of €31k and a net result of €5k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 36378 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

58 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability75▼-7

Solvency57▲+9

Growth52=

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity tight (current ratio 1.2 against 0.93 in 2023; short-term debt: 30.7% and cash: 15.3% of total assets), and 68% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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

32%

Return on assets

4.6%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

1 d late

2023

8 d early

2022

4 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€31k▲ 9.9%

2023 · €28k

2022: €18k 2023: €28k

2022 → 2024

Total assets

€98k▼ 19.7%

2023 · €121k

2022: €73k 2023: €121k

2022 → 2024

Net result

€5k▼ 63.7%

2023 · €12k

2022: €14k 2023: €12k

2022 → 2024

Working capital

€6k

2023 · €-3k

2022: €14k 2023: €-3k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€18k-€28k▲ 61.8%€31k▲ 9.9%

Operating result€19k-€17k▼ 8.7%€9k▼ 47.3%

Net result€14k-€12k▼ 11.5%€5k▼ 63.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 47% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €98k

63.1%

36.9%

Fixed assets €62k▼ 24.2%

Current assets €36k▼ 10.8%

Equity and liabilities €98k

32.0%

68.0%

Equity €31k▲ 9.9%

Debt €66k▼ 28.8%

The debt ratio falls from 76.7% to 68.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€30k▼

2023 · €33k

Cash flow

€26k▼

2023 · €28k

Solvency

32.0%▲

2023 · 23.3%

Current ratio

1.20▲

2023 · 0.93

Quick ratio

1.20▲

2023 · 0.93

Debt / equity

2.13▼

2023 · 3.29

ROE

14.5%▼

2023 · 44.1%

ROA

4.6%▼

2023 · 10.3%

Interest coverage

12.34▼

2023 · 12.58

Debt

€66k▼

2023 · €93k

Debt ≤ 1 year

€30k▼

2023 · €43k

Debt > 1 year

€35k▼

2023 · €48k

Income taxes

€2k▲

2023 · €2k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€121k€98k▼

Fixed assets21/28€81k€62k▼

Tangible fixed assets22/27€81k€62k▼

Plant, machinery and equipment23€1k€2k▲

Furniture and vehicles24€7k€4k▼

Leasing and similar rights25€73k€56k▼

Current assets29/58€40k€36k▼

Amounts receivable within one year40/41€21k€20k▼

Trade receivables40€16k€15k▼

Other amounts receivable41€5k€5k▼

Cash at bank and in hand54/58€17k€15k▼

Deferred charges and accrued income490/1€1k€841▼

Equity and liabilities

Total equity and liabilities10/49€121k€98k▼

Equity10/15€28k€31k▲

Contributions10/11€5k€5k=

Reserves13€23k€26k▲

Distributable reserves133€23k€26k▲

Amounts payable17/49€93k€66k▼

Amounts payable after more than one year17€48k€35k▼

Financial debts170/4€48k€35k▼

Amounts payable within one year42/48€43k€30k▼

Current portion of amounts payable after more than one year42€13k€13k▲

Trade debts44€22k€12k▼

Suppliers440/4€22k€12k▼

Taxes, remuneration and social security45€7k€2k▼

Taxes450/3€7k€2k▼

Other amounts payable47/48€2k€2k▲

Accrued charges and deferred income492/3€2k€2k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€21k▲

Other operating charges640/8€527€707▲

Gross operating margin9900€33k€31k▼

Operating profit (loss)9901€17k€9k▼

Financial income75/76B€127€179▲

Recurring financial income75€127€179▲

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€15k€7k▼

Income taxes67/77€2k€2k▲

Profit (loss) for the period9904€12k€5k▼

Profit (loss) for the period to be appropriated9905€12k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€5k▼

Transfer to equity691/2€11k€3k▼

To other reserves6921€11k€3k▼

Profit to be distributed694/7€2k€2k▲

Return on contributions (dividend)694€2k€2k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

01-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 1 day late

2024

31-12

Financial Weakest financial yearnet €5k ▼63.7%

Net result drops to €5k, the lowest in the series.

23-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Aalst · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Laarstraat 279320 Aalst

Ground area

569 m²

Building footprint

133 m²

Volume, LiDAR

720 m³

Parcel 41047C0143/00R000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CLAVIMIAL TECHNICAL SOLUTIONS

Laarstraat 27, 9320 AalstManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20222.326.538.565

1 parcel

Flanders 1 (100%)