CLEFIOR
ActiveSummary
CLEFIOR has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €99,606. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 12.64 against 3.61 in 2024; short-term debt: 3.3% and cash: 9.7% of total assets), and 3.3% of the assets are financed with debt.
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Signals
Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
96.7%
Return on assets
6.4%
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 27-05-2026, 65 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
65 d early
2024
66 d early
2023
42 d early
2022
70 d early
2021
61 d late
2020
1 d early
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.5m▲ 7.1%
2024 · €1.4m
Total assets
€1.6m▼ 2.4%
2024 · €1.6m
Net result
€99,606▼ 43.9%
2024 · €177,534
Working capital
€596,397▲ 20.5%
2024 · €494,882
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,750€32,979▲ 124%€25,137▼ 23.8%€21,132▼ 15.9%€2,565▼ 87.9%
Net result€145,217above the sector's middle half€95,606within the sector's middle half▼ 34.2%€105,736within the sector's middle half▲ 10.6%€177,534above the sector's middle half▲ 67.9%€99,606within the sector's middle half▼ 43.9%
Equity€1.4mabove the sector's middle half▲ 11.8%€1.3mwithin the sector's middle half▼ 7.2%€1.4mwithin the sector's middle half▲ 8.3%€1.4mwithin the sector's middle half▲ 1.5%€1.5mabove the sector's middle half▲ 7.1%
Total assets€1.4mwithin the sector's middle half▲ 12.1%€1.5mwithin the sector's middle half▲ 8.6%€1.4mwithin the sector's middle half▼ 7.1%€1.6mwithin the sector's middle half▲ 12.0%€1.6mwithin the sector's middle half▼ 2.4%
Debt€35,092▲ 24.8%€255,508▲ 628%€40,946▼ 84.0%€189,945▲ 364%€51,971▼ 72.6%
Working capital€471,087above the sector's middle half▲ 44.8%€361,878within the sector's middle half▼ 23.2%€472,501above the sector's middle half▲ 30.6%€494,882above the sector's middle half▲ 4.7%€596,397above the sector's middle half▲ 20.5%
Solvency97.5%above the sector's middle half▼ 0.3pp83.3%above the sector's middle half▼ 14.2pp97.1%above the sector's middle half▲ 13.8pp88.1%above the sector's middle half▼ 9.1pp96.7%above the sector's middle half▲ 8.6pp
Current ratio14.42above the sector's middle half▲ 1.862.42within the sector's middle half▼ 12.0112.54above the sector's middle half▲ 10.123.61within the sector's middle half▼ 8.9312.64above the sector's middle half▲ 9.03
Return on assets (ROA)10.3%within the sector's middle half▲ 10.7pp6.2%within the sector's middle half▼ 4.1pp7.4%within the sector's middle half▲ 1.2pp11.2%within the sector's middle half▲ 3.7pp6.4%within the sector's middle half▼ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€905,246 ▼ 0.1%
Current assets
€647,634 ▼ 5.4%
Equity and liabilities €1.6m
Equity
€1.5m ▲ 7.1%
Debt
€51,971 ▼ 72.6%
Debt's share of the balance-sheet total falls from 11.9% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,741▼
2024 · €22,378
Cash flow
€100,781▼
2024 · €178,780
Debt to equity
0.03▼
2024 · 0.14
ROE
6.6%▼
2024 · 12.7%
Interest coverage
78.53▼
2024 · 122.99
Debt ≤ 1 year
€51,237▼
2024 · €189,945
Income taxes
€15,435▼
2024 · €25,603
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €642 | €1,816 | €1,130 | €1,245 | €1,175 | ▼ 5.6% |
| Other operating charges640/8 | €1,759 | €2,684 | €3,345 | €2,577 | €3,047 | ▲ 18.2% |
| Non-recurring operating charges66A | - | - | €976 | - | - | - |
| Gross operating margin9900 | €17,150 | €37,480 | €30,589 | €24,955 | €6,788 | ▼ 72.8% |
| Operating profit (loss)9901 | €14,750 | €32,979 | €25,137 | €21,132 | €2,565 | ▼ 87.9% |
| Financial income75/76B | €151,198 | €84,188 | €101,011 | €182,187 | €112,523 | ▼ 38.2% |
| Recurring financial income75 | €151,198 | €84,188 | €101,011 | €182,187 | €112,523 | ▼ 38.2% |
| Financial charges65/66B | €62 | €191 | €766 | €182 | €48 | ▼ 73.8% |
| Recurring financial charges65 | €62 | €191 | €766 | €182 | €48 | ▼ 73.8% |
| Profit (loss) for the period before taxes9903 | €165,886 | €116,977 | €125,382 | €203,137 | €115,041 | ▼ 43.4% |
| Income taxes67/77 | €20,669 | €21,371 | €19,646 | €25,603 | €15,435 | ▼ 39.7% |
| Profit (loss) for the period9904 | €145,217 | €95,606 | €105,736 | €177,534 | €99,606 | ▼ 43.9% |
| Profit (loss) for the period to be appropriated9905 | €145,217 | €95,606 | €105,736 | €177,534 | €99,606 | ▼ 43.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.4m | €1.6m | €1.6m | ▼ 2.4% |
| Fixed assets21/28 | €902,946 | €912,554 | €907,667 | €906,421 | €905,246 | ▼ 0.1% |
| Tangible fixed assets22/27 | €246 | €9,854 | €4,967 | €3,721 | €2,546 | ▼ 31.6% |
| Furniture and vehicles24 | €246 | €9,854 | €4,967 | €3,721 | €2,546 | ▼ 31.6% |
| Financial fixed assets28 | €902,700 | €902,700 | €902,700 | €902,700 | €902,700 | = |
| Current assets29/58 | €506,179 | €617,386 | €513,447 | €684,827 | €647,634 | ▼ 5.4% |
| Amounts receivable after more than one year29 | €84,921 | €272,620 | €88,352 | €90,119 | €91,926 | ▲ 2.0% |
| Trade receivables290 | €84,921 | €86,620 | €88,352 | €90,119 | €91,926 | ▲ 2.0% |
| Other amounts receivable291 | - | €186,000 | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | €123,520 | €18 | ▼ 100.0% |
| Trade receivables40 | - | - | - | €18 | €18 | = |
| Other amounts receivable41 | - | - | - | €123,501 | - | - |
| Current investments50/53 | - | - | - | €400,000 | €400,000 | = |
| Cash at bank and in hand54/58 | €419,559 | €338,579 | €422,214 | €67,208 | €151,400 | ▲ 125% |
| Deferred charges and accrued income490/1 | €1,698 | €6,188 | €2,881 | €3,980 | €4,289 | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.4m | €1.6m | €1.6m | ▼ 2.4% |
| Equity10/15 | €1.4m | €1.3m | €1.4m | €1.4m | €1.5m | ▲ 7.1% |
| Contributions10/11 | €882,700 | €882,700 | €882,700 | €882,700 | €882,700 | = |
| Reserves13 | €491,333 | €391,732 | €497,468 | €518,603 | €618,209 | ▲ 19.2% |
| Non-distributable reserves130/1 | €10,800 | €10,800 | - | - | - | - |
| Reserves not available under the articles1311 | €10,800 | €10,800 | - | - | - | - |
| Distributable reserves133 | €480,533 | €380,932 | €497,468 | €518,603 | €618,209 | ▲ 19.2% |
| Amounts payable17/49 | €35,092 | €255,508 | €40,946 | €189,945 | €51,971 | ▼ 72.6% |
| Amounts payable within one year42/48 | €35,092 | €255,508 | €40,946 | €189,945 | €51,237 | ▼ 73.0% |
| Trade debts44 | €317 | €1,309 | €2,185 | €2,610 | €2,292 | ▼ 12.2% |
| Suppliers440/4 | €317 | €1,309 | €2,185 | €2,610 | €2,292 | ▼ 12.2% |
| Taxes, remuneration and social security45 | €28,424 | €50,841 | €36,763 | €30,936 | €26,849 | ▼ 13.2% |
| Taxes450/3 | €28,424 | €49,836 | €36,763 | €30,936 | €26,849 | ▼ 13.2% |
| Remuneration and social security454/9 | - | €1,005 | - | - | - | - |
| Other amounts payable47/48 | €6,351 | €203,358 | €1,999 | €156,399 | €22,096 | ▼ 85.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €734 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145,217 | €95,606 | €105,736 | €177,534 | €99,606 | ▼ 43.9% |
| + Depreciation and write-downs630 | €642 | €1,816 | €1,130 | €1,245 | €1,175 | ▼ 5.6% |
| Operating cash flow (approximation) | €145,859 | €97,422 | €106,866 | €178,780 | €100,781 | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | -€11,424 | €3,757 | €0 | €0 | - |
| Change in cash | - | -€80,981 | €83,635 | -€355,006 | €84,192 | ▲ 124% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 12.64
Current ratio from 3.61 to 12.64; short-term debt falls from €189,945 to €51,237.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €177,534 ▲67.9%
Net result €177,534, the highest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 5current ratio 12.54
Current ratio from 2.42 to 12.54; short-term debt falls from €255,508 to €40,946.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Back to profitnet €145,217
Net result €145,217 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€5,490
Net result drops to -€5,490, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 13.55
Current ratio from 6.15 to 13.55; short-term debt falls from €37,800 to €26,326.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Borgloon · 1 establishment unit since 2016
Ground area
1,147 m²
Parcel 73034B0562/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
CLEFIOR
since 20162.260.577.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73034B0562/00A000 | Flanders | 1,147 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
65%
-
50%
According to the 2025 annual accounts of CLEFIOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 1,758 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667960311
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.