CLAVIS
CLAVIS has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.34M and a net result of €-5k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 35% of 247 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €2.34M |
| Net result | €-5k |
| Staff (FTE) | 34.3 |
| Better than sector | 35% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.8% | 45.0% | |
| Net result | €-5k | €15k | |
| Equity | €2.34M | €155k | |
| Gross operating margin | €3.17M | €117k | |
| Staff costs | €2.51M | €237k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | full schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | €10.28M | - | - |
| EBITDA | €401k | €465k | €344k | €733k | €317k |
| Net profit | €-5k | €56k | €7k | €293k | €129k |
| Cash flow | €181k | €253k | €184k | €453k | €292k |
| Staff costs | €2.51M | €2.59M | €2.65M | €2.26M | €1.89M |
| Income taxes | €38k | €65k | €84k | €80k | €68k |
| Dividends | - | - | - | - | - |
| Total assets | €8.44M | €8.38M | €8.35M | €8.05M | €7.04M |
| Equity | €2.34M | €2.35M | €2.29M | €2.28M | €1.99M |
| Debt | €6.02M | €5.95M | €5.97M | €5.67M | €5.04M |
| of which ≤ 1y | €4.64M | €4.62M | €4.43M | €4.97M | €4.62M |
| of which > 1y | €1.35M | €1.28M | €1.51M | €623k | €408k |
| Working capital | €3.14M | €2.98M | €3.08M | €2.08M | €1.09M |
| Employees (FTE) | 34.3 | 36.9 | 39.8 | 37.0 | 33.1 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.68 | 1.65 | 1.70 | 1.42 | 1.24 |
| Quick ratio | 0.93 | 0.93 | 0.94 | 0.78 | 0.69 |
| Working capital ratio | 37.2% | 35.5% | 36.9% | 25.9% | 15.5% |
| Solvency | 27.8% | 28.0% | 27.4% | 28.4% | 28.2% |
| Debt / equity | 2.57 | 2.54 | 2.61 | 2.48 | 2.53 |
| Long-term debt ratio | 0.58 | 0.54 | 0.66 | 0.27 | 0.20 |
| Interest coverage | 1.44 | 2.38 | 2.89 | 4.60 | 3.59 |
| Gross margin | - | - | 66.5% | - | - |
| Net margin | - | - | 0.1% | - | - |
| ROA | -0.1% | 0.7% | 0.1% | 3.6% | 1.8% |
| ROE | -0.2% | 2.4% | 0.3% | 12.8% | 6.5% |
| EBITDA margin | - | - | 3.3% | - | - |
| Days sales outstanding | - | - | 123d | - | - |
| Days payable outstanding | - | - | 233d | - | - |
| Inventory turnover | - | - | 1.02 | - | - |
| Days inventory (DSI) | - | - | 357d | - | - |
Full annual accounts (28 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €8.44M | €8.38M | €8.35M | €8.05M | €7.04M |
| Fixed assets | 21/28 | €660k | €787k | €840k | €993k | €1.33M |
| Intangible fixed assets | 21 | €48k | €114k | €119k | - | - |
| Tangible fixed assets | 22/27 | €316k | €383k | €333k | €469k | €659k |
| Financial fixed assets | 28 | €295k | €290k | €389k | €524k | €668k |
| Current assets | 29/58 | €7.78M | €7.60M | €7.51M | €7.06M | €5.71M |
| Stocks & contracts in progress | 3 | €3.45M | €3.31M | €3.36M | €3.18M | €2.51M |
| Amounts receivable within one year | 40/41 | €3.73M | €3.88M | €3.75M | €3.60M | €3.06M |
| Investments | 50/53 | €25 | €25 | €25 | €25 | €25 |
| Cash & bank | 54/58 | €283k | €69k | €56k | €139k | €85k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.44M | €8.38M | €8.35M | €8.05M | €7.04M |
| Equity | 10/15 | €2.34M | €2.35M | €2.29M | €2.28M | €1.99M |
| Contributions / capital | 10/11 | €1.33M | €1.33M | €1.33M | €1.33M | €1.33M |
| Reserves | 13 | €1.02M | €1.02M | €967k | €960k | €664k |
| Provisions & deferred taxes | 16 | €69k | €81k | €88k | €89k | €14k |
| Amounts payable | 17/49 | €6.02M | €5.95M | €5.97M | €5.67M | €5.04M |
| Amounts payable after one year | 17 | €1.35M | €1.28M | €1.51M | €623k | €408k |
| Amounts payable within one year | 42/48 | €4.64M | €4.62M | €4.43M | €4.97M | €4.62M |
| Trade debts payable within one year | 44 | €2.31M | €2.47M | €2.20M | €2.78M | €2.37M |
| Income statement | ||||||
| Turnover | 70 | - | - | €10.28M | - | - |
| Gross operating margin | 9900 | €3.17M | €3.34M | - | €4.22M | €2.93M |
| Operating result | 9901 | €215k | €267k | €167k | €574k | €154k |
| Financial income | 75 | €85k | €41k | €165k | €36k | €130k |
| Financial charges | 65 | €279k | €195k | €243k | €159k | €88k |
| Result before taxes | 9903 | €21k | €113k | €90k | €451k | €196k |
| Income taxes | 67/77 | €38k | €65k | €84k | €80k | €68k |
| Net result for the period | 9904 | €-5k | €56k | €7k | €293k | €129k |
| Result to be appropriated | 9905 | €106k | €77k | €11k | €142k | €57k |
-
WERCK KristienDirectorState Gazette act 23473006 (22-12-2023)Current22-12-2023 → present
-
WERCK PhilippeDirectorState Gazette act 23473006 (22-12-2023)Current22-12-2023 → present
Permanent representatives (1)
-
CLAVIS MEDIAPublic limited companyPermanent representative· perm. rep.: WERCK PhilippeState Gazette act 23473006 (22-12-2023)Permanent representative22-12-2023 → present
| NACE primary | Book publishing(58110) |
| Legal form | Private limited company(610) |
| Incorporation | 21-01-1981 |
| Status | Active |
| Postal code | 3511 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0065/00A000 | Flanders | 8,097 m² | 1 · 3,026 m² | 22.9 m · 3 fl. |
| 24505F0558/00D000 | Flanders | 217 m² | 1 · 217 m² | 17.7 m · 5 fl. |
| 31804D0459/00A000 | Flanders | 137 m² | 1 · 172 m² | 18.0 m · 5 fl. |
| 71022H1034/00B000 | Flanders | 79 m² | 1 · 67 m² | 14.7 m · 4 fl. |
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
13-03-2024 Karine MORRIS appointed as statutory auditor
- Karine MORRIS, Commissaris
Technical details
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}22-12-2023 5 directors appointed
- WERCK Philippe, Bestuurder
- WERCK Kristien, Bestuurder
- WERCK Philippe, Vaste vertegenwoordiger
- WERCK Sigrid, Vaste vertegenwoordiger
- WERCK Kristien, Vaste vertegenwoordiger
Technical details
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}| Legal nameNL | CLAVIS |