CLEF SERVICES
Dissolved and wound up on 31-03-2026Financials · financial year 2024, micro format
Annual accounts 2024 filed on 24-07-2025 PDF all 22 filings
Turnover
≈ €160,000
Estimated: probably between €110,000 and €280,000
Total assets
€440,429▲ 4.8%
2023 · €420,084
Net result
€26,217▼ 51.2%
2023 · €53,773
Working capital
€268,737▲ 15.5%
2023 · €232,707
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€33,647
▼ 54.5%
2024
20182024
Net result
€26,217
▼ 51.2%
2024
20182024
Equity
€434,012
▲ 5.6%
2024
20182024
Total assets
€440,429
▲ 4.8%
2024
20182024
Debt
€1,519
▼ 57.2%
2024
20182024
Working capital
€268,737
▲ 15.5%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€24,826-€24,326▼ 2.0%€62,230▲ 156%€37,931▼ 39.0%€46,494▲ 22.6%€74,006▲ 59.2%€33,647▼ 54.5%
Net result€19,262-€20,395▲ 5.9%€47,351▲ 132%€28,909▼ 38.9%€35,942▲ 24.3%€53,773▲ 49.6%€26,217▼ 51.2%
Equity€241,022-€258,151▲ 7.1%€302,236▲ 17.1%€327,878▲ 8.5%€360,554▲ 10.0%€411,061▲ 14.0%€434,012▲ 5.6%
Total assets€363,624-€343,419▼ 5.6%€355,095▲ 3.4%€338,450▼ 4.7%€373,984▲ 10.5%€420,084▲ 12.3%€440,429▲ 4.8%
Debt€114,249-€77,491▼ 32.2%€45,658▼ 41.1%€3,947▼ 91.4%€7,381▲ 87.0%€3,550▼ 51.9%€1,519▼ 57.2%
Working capital€71,166-€82,563▲ 16.0%€82,533=€129,409▲ 56.8%€185,145▲ 43.1%€232,707▲ 25.7%€268,737▲ 15.5%
The operating result for 2024 is 55% lower than in 2023 and the lowest since 2019.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €440,429
Fixed assets
€170,172 ▼ 7.4%
Current assets
€270,256 ▲ 14.4%
Equity and liabilities €440,429
Equity
€434,012 ▲ 5.6%
Provisions
€4,897 ▼ 10.5%
Debt
€1,519 ▼ 57.2%
Debt's share of the balance-sheet total falls from 0.8% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,596▼
2023 · €91,055
Cash flow
€43,167▼
2023 · €70,822
Debt to equity
0.00▼
2023 · 0.01
ROE
6.0%▼
2023 · 13.1%
ROA
6.0%▼
2023 · 12.8%
Interest coverage
68.64▼
2023 · over 100
Debt ≤ 1 year
€1,519▼
2023 · €3,550
Income taxes
€11,595▼
2023 · €24,322
A ratio outside any meaningful range has been withheld (balance sheet total €440,429, equity €434,012).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,573 | €7,778 | €19,418 | €3,506 |
| Depreciation and write-downs of the year | €23,383 | €16,444 | €17,049 | €16,950 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,624 | €30,529 | €20,169 | €23,383 | €16,444 | €17,049 | €16,950 | ▼ 0.6% |
| Other operating charges640/8 | - | - | - | €2,139 | €2,194 | €2,426 | €2,493 | ▲ 2.8% |
| Gross operating margin9900 | €62,252 | €54,940 | €82,544 | €63,453 | €65,132 | €93,481 | €53,090 | ▼ 43.2% |
| Operating profit (loss)9901 | €24,826 | €24,326 | €62,230 | €37,931 | €46,494 | €74,006 | €33,647 | ▼ 54.5% |
| Financial income75/76B | - | - | - | €3,897 | €5,300 | €4,247 | €4,326 | ▲ 1.9% |
| Recurring financial income75 | €4,005 | €4,225 | €4,231 | €3,897 | €3,920 | €4,247 | €4,326 | ▲ 1.9% |
| Non-recurring financial income76B | - | - | - | - | €1,380 | - | - | - |
| Financial charges65/66B | - | - | - | €655 | €675 | €734 | €737 | ▲ 0.4% |
| Recurring financial charges65 | €4,340 | €1,998 | €1,399 | €655 | €675 | €734 | €737 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €24,491 | €26,876 | €65,062 | €41,173 | €51,119 | €77,519 | €37,236 | ▼ 52.0% |
| Transfer from deferred taxes780 | - | - | - | €576 | €576 | €576 | €576 | = |
| Income taxes67/77 | €5,805 | €7,057 | €18,287 | €12,840 | €15,753 | €24,322 | €11,595 | ▼ 52.3% |
| Profit (loss) for the period9904 | €19,262 | €20,395 | €47,351 | €28,909 | €35,942 | €53,773 | €26,217 | ▼ 51.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,118 | €1,119 | €1,119 | €1,119 | = |
| Profit (loss) for the period to be appropriated9905 | €20,381 | €21,514 | €48,470 | €30,027 | €37,061 | €54,892 | €27,336 | ▼ 50.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €363,624 | €343,419 | €355,095 | €338,450 | €373,984 | €420,084 | €440,429 | ▲ 4.8% |
| Fixed assets21/28 | €249,776 | €225,651 | €226,904 | €205,094 | €181,458 | €183,827 | €170,172 | ▼ 7.4% |
| Tangible fixed assets22/27 | €249,776 | €225,651 | €226,904 | €205,094 | €181,458 | €183,827 | €170,172 | ▼ 7.4% |
| Land and buildings22 | - | - | - | €183,494 | €174,117 | €177,987 | €166,311 | ▼ 6.6% |
| Plant, machinery and equipment23 | - | - | - | €5,250 | €7,341 | €5,460 | €3,626 | ▼ 33.6% |
| Furniture and vehicles24 | - | - | - | €16,350 | - | €380 | €235 | ▼ 38.0% |
| Current assets29/58 | €113,848 | €117,768 | €128,191 | €133,356 | €192,526 | €236,257 | €270,256 | ▲ 14.4% |
| Stocks and contracts in progress3 | €88,940 | €80,554 | €73,739 | €67,498 | €57,395 | €53,859 | €26,136 | ▼ 51.5% |
| Stocks30/36 | - | - | - | €67,498 | €57,395 | €53,859 | €26,136 | ▼ 51.5% |
| Amounts receivable within one year40/41 | €16,995 | €6,382 | €17,902 | €11,372 | €7,328 | €3,148 | €9,489 | ▲ 201% |
| Trade receivables40 | - | - | - | €8,494 | €7,328 | €2,854 | €6,321 | ▲ 121% |
| Other amounts receivable41 | - | - | - | €2,878 | - | €294 | €3,168 | ▲ 978% |
| Current investments50/53 | - | - | - | - | - | - | €180,000 | - |
| Cash at bank and in hand54/58 | €3,528 | €26,954 | €33,061 | €50,795 | €125,494 | €179,250 | €52,180 | ▼ 70.9% |
| Deferred charges and accrued income490/1 | - | - | - | €3,691 | €2,309 | - | €2,452 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €363,624 | €343,419 | €355,095 | €338,450 | €373,984 | €420,084 | €440,429 | ▲ 4.8% |
| Equity10/15 | €241,022 | €258,151 | €302,236 | €327,878 | €360,554 | €411,061 | €434,012 | ▲ 5.6% |
| Contributions10/11 | €121,250 | €121,250 | - | €121,250 | €121,250 | €133,375 | €133,375 | = |
| Reserves13 | €91,156 | €111,551 | €158,902 | €187,811 | €223,753 | €265,401 | €291,618 | ▲ 9.9% |
| Non-distributable reserves130/1 | - | - | - | €12,125 | €12,125 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €12,125 | €12,125 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €24,931 | €23,812 | €22,693 | €21,575 | ▼ 4.9% |
| Distributable reserves133 | - | - | - | €150,755 | €187,816 | €242,708 | €270,043 | ▲ 11.3% |
| Investment grants15 | - | - | - | €18,817 | €15,551 | €12,285 | €9,019 | ▼ 26.6% |
| Provisions and deferred taxes16 | €8,353 | €7,777 | €7,201 | €6,625 | €6,049 | €5,473 | €4,897 | ▼ 10.5% |
| Deferred taxes168 | - | - | - | €6,625 | €6,049 | €5,473 | €4,897 | ▼ 10.5% |
| Amounts payable17/49 | €114,249 | €77,491 | €45,658 | €3,947 | €7,381 | €3,550 | €1,519 | ▼ 57.2% |
| Amounts payable after more than one year17 | €71,567 | €42,286 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €42,682 | €35,205 | €45,658 | €3,947 | €7,381 | €3,550 | €1,519 | ▼ 57.2% |
| Trade debts44 | €2,053 | €4,539 | €7,511 | €1,387 | €724 | €2,295 | €182 | ▼ 92.1% |
| Suppliers440/4 | - | - | - | €1,387 | €724 | €2,295 | €182 | ▼ 92.1% |
| Taxes, remuneration and social security45 | - | - | - | €2,560 | €6,657 | €1,255 | €1,338 | ▲ 6.6% |
| Taxes450/3 | - | - | - | €2,560 | €6,657 | €1,255 | €1,338 | ▲ 6.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,262 | €20,395 | €47,351 | €28,909 | €35,942 | €53,773 | €26,217 | ▼ 51.2% |
| + Depreciation and write-downs630 | €35,624 | €30,529 | €20,169 | €23,383 | €16,444 | €17,049 | €16,950 | ▼ 0.6% |
| Operating cash flow (approximation) | €54,886 | €50,924 | €67,520 | €52,292 | €52,386 | €70,822 | €43,167 | ▼ 39.0% |
| Investment in fixed assets (approximation) | - | -€6,404 | -€21,422 | -€1,573 | €7,192 | -€19,418 | -€3,295 | ▲ 83.0% |
| Change in cash | - | €23,426 | €6,107 | €17,734 | €74,699 | €53,756 | -€127,070 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 24-07-2025 | 2025-00311111 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00363507 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00401025 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20303215 | |
| 31-12-2020 | micro format | 24-09-2021 | 2021-68400116 | |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43900321 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52500018 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-48300505 | |
| 31-12-2016 | full format | 25-07-2017 | 2017-36900069 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-45000118 |