Result
-€3.0m -€3.0m
From profit to loss in 2025, after a profit of €3.5m in 2024.
CLEAR2PAY BELGIUM
Lifetime
20 annual accounts with figures on one time axis, 39 filings since 1987peak €42.9m (2023)
€35.4m▼ 5.6%
lowest -€6.2m (2020)
-€3.0m▼ €6.5m
peak €69.8m (2024)
€66.7m▼ 4.4%
€26.3m▼ 9.4%
peak 123 FTE (2021)
109.7 FTE▼ 1.8%
Board26 names since 2004all names
3 directorsMartin Robert Boyd and 2 others
Owners4 names in the annual accounts
100%CLEAR2PAY and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Loss of €3.0mPowers of attorney: Emma Christine Martin and Louise Katharin… 15-10Resignation: Govert Doedijns (day-to-day manager) 11-06Powers of attorney: Andres Ken Shuyama, Ryan McNeal and 3 others 06-05Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor) 25-02Investments €1.1m
Key points
from the 2025 annual accountsInvestments
€1.1m 2.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 90.7% higher than in 2024.
Staff
112 employees on 31-12-2025
In 2025, 3 people joined and 4 left.
Payment terms
77 days to suppliers
CLEAR2PAY BELGIUM pays its suppliers 20 days earlier than in 2024. Customers pay 5 days later.
Filings
39 annual accounts since 1987
Six of the last ten came late. The 2021 accounts came latest: 403 days after the end of the period.
Position in the sector
-€3.0m
Lower net result than 95% of companies in advertising and market research. Sector median €33,699 · 847 companies.
Checked score
86
Excellent
Financially stronger than 58% of medium-sized companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 117 companies (NACE 73, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.3 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 5.51
1 of the last 3 accounts late
Loss of €3.0m (financial year 2025)
lowers risk
Founded in 1987
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, medium-sized). It does better than 67% of them on solvency, 98% on liquidity, 40% on profitability and 27% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as CLEAR2PAY BELGIUM has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of CLEAR2PAY BELGIUM itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 830 companies, not a prediction for CLEAR2PAY BELGIUM. 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.
Credit verdict
Credit of up to €3,500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.51 (4.91 in 2024), above the usual 1.5. Short-term debt is 17.8% of total assets. 28.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
on the day
2023
58 days late
2022
386 days late
2021
403 days late
2020
96 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 149 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 September (4 of the last 5 accounts filed within 327 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CLEAR2PAY 100%score 87equity €63.9m (2025) · annual accounts 2025
Shares in 2 companies, CLEAR2PAY POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ and Payments Technology Services Limited
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0430605764
Resignation: Govert Doedijns (day-to-day manager)
Board meeting of 16-05-2025 · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Jeroen Trumpener · General meeting of 23-12-2024 · Gazette deed
Resignation: Charles H. Keller (director)
General meeting of 01-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CLEAR2PAY BELGIUM Machelen (Brab.) | €35.4m | 11.4% | 71.8% | 109.7 |
| WILLIS TOWERS WATSON CONSULTING Zaventem | €34.9m | 17.1% | 85.6% | 89.3 |
| VAN MARCKE TRADING GROUP Kortrijk | €16.6m | 2.5% | 25.3% | 66.8 |
| VESUVIUS GROUP Mons | €94.2m | 8.4% | 56.5% | 146.7 |
| GFK BELGIUM Leuven | €31.5m | 8.3% | 25.0% | 73.5 |
| The Boston Consulting Group Brussels | €115.4m | 0.7% | 17.2% | 189 |
| IQVIA Solutions Belgium Zaventem | €33.1m | 8.3% | 22.0% | 134.8 |
Grey: the largest companies of the sector (advertising and market research (NACE 73)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CLEAR2PAY BELGIUM: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €31m and €139m, founded between 1968 and 1993.
Official details
Source: KBO- Status
- Active since 20-03-1987Normal situation
- Activity
- Market research and public opinion pollingNACE 73200and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.032.899.3731831 Machelen (Brab.), since 17-10-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 17-07-2026
Annual accounts 2025
- €83.0m▼ 1.6%
- €93.0m▼ 5.8%
- Employeeson 31-12-2025
- 112▼ 0.9%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on CLEAR2PAY BELGIUM
CLEAR2PAY BELGIUM has existed since 1987. Turnover grew from €7.4m in 2006 to €35.4m in 2025 and staff from 58 to 109.7 full-time equivalents.
CLEAR2PAY holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CLEAR2PAY BELGIUM
- What is the company number of CLEAR2PAY BELGIUM?
- The company number of CLEAR2PAY BELGIUM is 0430.605.764. The VAT number is the same number with BE in front: BE 0430.605.764.
- Where is CLEAR2PAY BELGIUM based?
- The registered office is at De Kleetlaan 6A, 1831 Machelen (Brab.).Company details
- What does CLEAR2PAY BELGIUM do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of CLEAR2PAY BELGIUM?
- CLEAR2PAY BELGIUM is a private limited company (BV).
- When was CLEAR2PAY BELGIUM founded?
- CLEAR2PAY BELGIUM was founded on 20-03-1987.
- Is CLEAR2PAY BELGIUM still active?
- Yes, CLEAR2PAY BELGIUM is an active enterprise in the KBO register.
- How many employees does CLEAR2PAY BELGIUM have?
- CLEAR2PAY BELGIUM had an average of 109.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CLEAR2PAY BELGIUM fall under?
- In its 2025 annual accounts, CLEAR2PAY BELGIUM states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CLEAR2PAY BELGIUM?
- The turnover of CLEAR2PAY BELGIUM was €35.4m in financial year 2025, according to the filed annual accounts.
- Is CLEAR2PAY BELGIUM profitable?
- In financial year 2025, CLEAR2PAY BELGIUM made a loss of €3.0m.
- Where can I find the annual accounts of CLEAR2PAY BELGIUM?
- CLEAR2PAY BELGIUM filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CLEAR2PAY BELGIUM due?
- CLEAR2PAY BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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