CLEE EQUESTRIAN
ActiveCLEE EQUESTRIAN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226k and a net result of €264k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 2295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+11
Solvency59▲+28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.07 in 2024; short-term debt: 63.9% and cash: 76.6% of total assets), and 66.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
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
33.9%
Return on assets
39.5%
Age of the figures
9 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 15-05-2026, 77 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
77 d early
2024
29 d late
2023
28 d late
2022
31 d late
2021
78 d late
2020
89 d late
2019
100 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€226k▲ 352%
2024 · €50k
2018: €44k
2019: €65k
2020: €66k
2021: €80k
2022: €110k
2023: €142k
2024: €50k
2018 → 2025
Total assets
€667k▼ 20.0%
2024 · €833k
2018: €1.19M
2019: €1.39M
2020: €349k
2021: €331k
2022: €409k
2023: €458k
2024: €833k
2018 → 2025
Net result
€264k▲ 91.5%
2024 · €138k
2018: €-18k
2019: €21k
2020: €648
2021: €14k
2022: €30k
2023: €32k
2024: €138k
2018 → 2025
Working capital
€209k▲ 297%
2024 · €53k
2018: €-108k
2019: €-43k
2020: €35k
2021: €70k
2022: €66k
2023: €127k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€110k▲ 36.9%€142k▲ 29.6%€50k▼ 64.8%€226k▲ 352%
Operating result€20k-€43k▲ 121%€48k▲ 10.0%€184k▲ 286%€359k▲ 94.6%
Net result€14k-€30k▲ 105%€32k▲ 9.8%€138k▲ 324%€264k▲ 91.5%
Turnover and EBIT margin not published: the abbreviated or 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 95% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €667k
Fixed assets
€31k▼ 14.8%
Current assets
€636k▼ 20.2%
Equity and liabilities €667k
Equity
€226k▲ 352%
Debt
€441k▼ 43.7%
The debt ratio falls from 94.0% to 66.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€369k▲
2024 · €192k
Cash flow
€274k▲
2024 · €146k
Solvency
33.9%▲
2024 · 6.0%
Current ratio
1.49▲
2024 · 1.07
Quick ratio
1.38▲
2024 · 1.03
Debt / equity
1.95▼
2024 · 15.65
ROE
116.6%▼
2024 · 275.2%
ROA
39.5%▲
2024 · 16.5%
Interest coverage
63.59▲
2024 · 20.25
Debt
€441k▼
2024 · €783k
Debt ≤ 1 year
€426k▼
2024 · €744k
Debt > 1 year
€14k▼
2024 · €39k
Income taxes
€99k▲
2024 · €48k
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€833k€667k▼
Fixed assets21/28€37k€31k▼
Tangible fixed assets22/27€37k€31k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€37k€28k▼
Other tangible fixed assets26€0-
Current assets29/58€797k€636k▼
Stocks and contracts in progress3€31k€48k▲
Stocks30/36€31k€48k▲
Amounts receivable within one year40/41€591k€76k▼
Trade receivables40€410k€8k▼
Other amounts receivable41€180k€68k▼
Cash at bank and in hand54/58€174k€511k▲
Deferred charges and accrued income490/1€631€703▲
Equity and liabilities
Total equity and liabilities10/49€833k€667k▼
Equity10/15€50k€226k▲
Contributions10/11€6k€19k▲
Reserves13€44k€208k▲
Distributable reserves133€44k€208k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€783k€441k▼
Amounts payable after more than one year17€39k€14k▼
Financial debts170/4€39k€14k▼
Amounts payable within one year42/48€744k€426k▼
Current portion of amounts payable after more than one year42€16k€25k▲
Financial debts43€5k€0▼
Credit institutions430/8€5k€0▼
Trade debts44€110k€36k▼
Suppliers440/4€110k€36k▼
Advances received on contracts in progress46€226k€0▼
Taxes, remuneration and social security45€156k€265k▲
Taxes450/3€156k€265k▲
Remuneration and social security454/9-€427
Other amounts payable47/48€230k€100k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€22k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€0▼
Other operating charges640/8€1k€3k▲
Non-recurring operating charges66A€14k€30k▲
Gross operating margin9900€213k€402k▲
Operating profit (loss)9901€184k€359k▲
Financial income75/76B€11k€9k▼
Recurring financial income75€11k€9k▼
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€186k€362k▲
Income taxes67/77€48k€99k▲
Profit (loss) for the period9904€138k€264k▲
Profit (loss) for the period to be appropriated9905€138k€264k▲
Appropriation of the result
Profit (loss) to be appropriated9906€138k€264k▲
Transfer from equity791/2€92k€0▼
Transfer to equity691/2€0€164k▲
To other reserves6921€0€164k▲
Profit to be distributed694/7€230k€100k▼
Return on contributions (dividend)694€230k€100k▼
The notes to these accounts (7 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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €264k ▲91.5%
Operating result €359k, net result €264k, both a record.
31-12
Financial
Equity above €200kEq €226k ▲352%
7 profitable years in a row build equity to €226k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €110k ▲36.9%
4 profitable years in a row build equity to €110k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 100 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-12-2023
Clee Joseph: Resigned as Manager
12-12-2023
Wauters Julie: Resigned as Manager
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 2016
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.
Haachtsebaan 1153140 KeerbergenGround area
4,454 m²
Building footprint
312 m²
Volume, LiDAR
1,009 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Clee Equestrian
since 20162.256.541.781
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12429A0228/00C000 | Flanders | 2,347 m² | 1 · 153 m² | 8.1 m · 2 fl. |
| 24472G0437/00L000 | Flanders | 2,107 m² | 1 · 159 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
89450098KUEIX2ACTZ39
Similar companies · same sector, comparable size
BLACK LIGHT GOLF
BE 0882.638.929
Liège · Eq €226k
THELEME SPORT
BE 0880.283.314
Ath · Eq €226k
Centre Sportif Edemond Leburton
BE 0413.070.243
Waremme · Eq €227k
BEVEREN GOLFCLUB
BE 0838.288.351
Beveren-Kruibeke-Zwijndrecht · Eq €226k
STAL CAVARO
BE 0897.182.296
Westerlo · Eq €226k
Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 1,105 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2016
Fiscal year end31-12
Activities, NACEBEL
93110Operation of sports facilities
46110Wholesale trade
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.