CLEARWATER
ActiveCLEARWATER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407k and a net result of €166k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 7690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 4.58 in 2024), and 30.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.3%
Return on assets
28.2%
Age of the figures
8 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
57 d early
2024
20 d late
2023
27 d late
2022
25 d early
2021
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€407k▲ 33.4%
2024 · €305k
2021: €99k
2022: €151k
2023: €224k
2024: €305k
2021 → 2025
Total assets
€587k▲ 54.8%
2024 · €379k
2021: €143k
2022: €262k
2023: €343k
2024: €379k
2021 → 2025
Net result
€166k▲ 100%
2024 · €83k
2021: €36k
2022: €52k
2023: €74k
2024: €83k
2021 → 2025
Working capital
€325k▲ 50.4%
2024 · €216k
2021: €99k
2022: €138k
2023: €198k
2024: €216k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€151k▲ 52.1%€224k▲ 48.1%€305k▲ 36.2%€407k▲ 33.4%
Operating result€50k-€72k▲ 43.6%€107k▲ 48.4%€118k▲ 10.3%€239k▲ 104%
Net result€36k-€52k▲ 42.9%€74k▲ 43.7%€83k▲ 11.2%€166k▲ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 104% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587k
Fixed assets
€89k▼ 14.1%
Current assets
€498k▲ 80.6%
Equity and liabilities €587k
Equity
€407k▲ 33.4%
Debt
€180k▲ 143%
The debt ratio rises from 19.5% to 30.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€257k▲
2024 · €130k
Cash flow
€183k▲
2024 · €95k
Solvency
69.3%▼
2024 · 80.5%
Current ratio
2.87▼
2024 · 4.58
Quick ratio
2.61▼
2024 · 3.59
Debt / equity
0.44▲
2024 · 0.24
ROE
40.7%▲
2024 · 27.1%
ROA
28.2%▲
2024 · 21.8%
Interest coverage
569.87▲
2024 · 237.32
Debt
€180k▲
2024 · €74k
Debt ≤ 1 year
€174k▲
2024 · €60k
Debt > 1 year
€6k▼
2024 · €14k
Income taxes
€77k▲
2024 · €38k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€379k€587k▲
Fixed assets21/28€103k€89k▼
Tangible fixed assets22/27€103k€89k▼
Land and buildings22€68k€59k▼
Plant, machinery and equipment23€481€3k▲
Furniture and vehicles24€35k€27k▼
Current assets29/58€276k€498k▲
Stocks and contracts in progress3€60k€45k▼
Stocks30/36€60k€45k▼
Amounts receivable within one year40/41€42k€75k▲
Trade receivables40€41k€75k▲
Other amounts receivable41€1k-
Current investments50/53€150k€250k▲
Cash at bank and in hand54/58€24k€128k▲
Equity and liabilities
Total equity and liabilities10/49€379k€587k▲
Equity10/15€305k€407k▲
Contributions10/11€1k€1k=
Reserves13€304k€406k▲
Distributable reserves133€304k€406k▲
Amounts payable17/49€74k€180k▲
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€60k€174k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€43k€61k▲
Suppliers440/4€43k€61k▲
Advances received on contracts in progress46€150€1k▲
Taxes, remuneration and social security45€8k€44k▲
Taxes450/3€8k€42k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€1k€60k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€857€849▼
Gross operating margin9900€130k€257k▲
Operating profit (loss)9901€118k€239k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€546€450▼
Recurring financial charges65€546€450▼
Profit (loss) for the period before taxes9903€121k€243k▲
Income taxes67/77€38k€77k▲
Profit (loss) for the period9904€83k€166k▲
Profit (loss) for the period to be appropriated9905€83k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€166k▲
Transfer from equity791/2-€62k
Transfer to equity691/2€81k€164k▲
To other reserves6921€81k€164k▲
Profit to be distributed694/7€2k€64k▲
Return on contributions (dividend)694€2k€64k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €166k ▲100%
Operating result €239k, net result €166k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Equity above €200kEq €224k ▲48.1%
3 profitable years in a row build equity to €224k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €151k ▲52.1%
2 profitable years in a row build equity to €151k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Menen · 1 establishment unit since 2019
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.
Lauwbergstraat 2358930 MenenGround area
3,521 m²
Building footprint
348 m²
Volume, LiDAR
1,972 m³
Parcel 34024A0610/00F000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Clearwater
since 20192.283.099.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0610/00F000 | Flanders | 3,521 m² | 1 · 348 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FEBAS
BE 0841.645.145
Middelkerke · Eq €407k
SOLVUS
BE 0771.457.727
Gent · Eq €407k
Gaux Projects
BE 0662.680.739
Gent · Eq €408k
HEART LINK ONLINE
BE 0892.082.076
Roosdaal · Eq €407k
IPS Belgium
BE 0762.520.265
Kinrooi · Eq €407k
Of 24,422 companies in sector 82990 we hold annual accounts for 9,361. 6,135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2018
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
43222Installation of electric heating, air conditioning, cooling and ventilation
46130Agents in the wholesale of timber and building materials
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.