CLEBELC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a profit of €42,460, after a loss of €15,221 in 2024. It is the highest result since 2022.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €19,100 | €6,909 | €33,250 | - |
| Depreciation and write-downs of the year | - | €5,039 | €3,598 | €8,032 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €26,680 | €67,820 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €9,232 | €22,909 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,039 | €3,598 | €8,032 | ▲ 123% |
| Other operating charges640/8 | - | €847 | €195 | €239 | ▲ 22.6% |
| Gross operating margin9900 | €17,448 | €44,911 | -€11,428 | €50,731 | - |
| Operating profit (loss)9901 | €17,448 | €39,025 | -€15,221 | €42,460 | - |
| Financial income75/76B | - | €167 | €737 | - | - |
| Recurring financial income75 | - | €167 | €737 | - | - |
| Financial charges65/66B | - | €187 | €877 | €901 | ▲ 2.7% |
| Recurring financial charges65 | - | €187 | €877 | €901 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €17,448 | €39,005 | -€15,361 | €41,559 | - |
| Income taxes67/77 | €4,759 | €11,452 | - | €12,342 | - |
| Profit (loss) for the period9904 | €12,689 | €27,552 | -€15,361 | €29,217 | - |
| Profit (loss) for the period to be appropriated9905 | €12,689 | €27,552 | -€15,361 | €29,217 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,941 | €60,954 | €73,637 | €95,831 | ▲ 30.1% |
| Fixed assets21/28 | €19,100 | €20,970 | €35,342 | €27,310 | ▼ 22.7% |
| Tangible fixed assets22/27 | €19,100 | €20,970 | €35,342 | €27,310 | ▼ 22.7% |
| Furniture and vehicles24 | €19,100 | €20,970 | €35,342 | €27,310 | ▼ 22.7% |
| Current assets29/58 | €22,841 | €39,984 | €38,295 | €68,521 | ▲ 78.9% |
| Amounts receivable within one year40/41 | €2,800 | €6,305 | €18,011 | €43,634 | ▲ 142% |
| Trade receivables40 | €2,800 | - | - | - | - |
| Other amounts receivable41 | - | €6,305 | €18,011 | €43,634 | ▲ 142% |
| Cash at bank and in hand54/58 | €20,041 | €33,679 | €446 | €7,529 | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | €19,838 | €17,358 | ▼ 12.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,941 | €60,954 | €73,637 | €95,831 | ▲ 30.1% |
| Equity10/15 | €14,689 | €42,241 | €26,880 | €56,097 | ▲ 109% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €27,552 | €27,552 | €27,552 | = |
| Non-distributable reserves130/1 | - | €27,552 | €27,552 | €27,552 | = |
| Reserves not available under the articles1311 | - | €27,552 | €27,552 | €27,552 | = |
| Profit (loss) carried forward14 | €12,689 | €12,689 | -€2,672 | €26,545 | - |
| Amounts payable17/49 | €27,252 | €18,713 | €46,757 | €39,734 | ▼ 15.0% |
| Amounts payable after more than one year17 | - | - | €30,291 | €23,041 | ▼ 23.9% |
| Financial debts170/4 | - | - | €30,291 | €23,041 | ▼ 23.9% |
| Amounts payable within one year42/48 | €27,252 | €18,713 | €16,466 | €16,693 | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | - | - | €2,342 | - | - |
| Financial debts43 | - | - | - | €4,953 | - |
| Credit institutions430/8 | - | - | - | €4,953 | - |
| Trade debts44 | €18,574 | €2,502 | €3,000 | €134 | ▼ 95.5% |
| Suppliers440/4 | €18,574 | €2,502 | €3,000 | €134 | ▼ 95.5% |
| Taxes, remuneration and social security45 | €4,759 | €16,211 | €11,124 | €11,606 | ▲ 4.3% |
| Taxes450/3 | €4,759 | €16,211 | €11,124 | €11,606 | ▲ 4.3% |
| Other amounts payable47/48 | €3,920 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,689 | €27,552 | -€15,361 | €29,217 | - |
| + Depreciation and write-downs630 | - | €5,039 | €3,598 | €8,032 | ▲ 123% |
| Operating cash flow (approximation) | €12,689 | €32,591 | -€11,763 | €37,249 | - |
| Investment in fixed assets (approximation) | - | -€6,909 | -€17,970 | €0 | - |
| Change in cash | - | €13,638 | -€33,233 | €7,083 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as CLEBELC has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLEBELC itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for CLEBELC. 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.