CLEFRA
ActiveSummary
CLEFRA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €627k and a net result of €24k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-14
Solvency83▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.82 in 2024; short-term debt: 10.6% and cash: 0% of total assets), and 42% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
58%
Return on assets
2.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
28 d late
2022
7 d late
2021
26 d late
2020
9 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€627k▲ 4.1%
2024 · €602k
2019: €410klowest in 7 years
2020: €448k▲ +9.1% vs 2019
2021: €456k▲ +1.9% vs 2020
2022: €455k▼ -0.2% vs 2021
2023: €453k▼ -0.6% vs 2022
2024: €602k▲ +33.0% vs 2023
2025: €627k▲ +4.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.08M▼ 1.7%
2024 · €1.10M
2019: €1.38M
2020: €1.39M▲ +1.0% vs 2019highest in 7 years
2021: €1.39M▼ -0.2% vs 2020
2022: €1.36M▼ -1.7% vs 2021
2023: €1.24M▼ -9.1% vs 2022
2024: €1.10M▼ -11.3% vs 2023
2025: €1.08M▼ -1.7% vs 2024lowest in 7 years
2019 → 2025
Net result
€24k▼ 83.6%
2024 · €149k
2019: €20k
2020: €37k▲ +88.0% vs 2019
2021: €9k▼ -76.8% vs 2020
2022: €-1k▼ -113% vs 2021
2023: €-3k▼ -133% vs 2022lowest in 7 years
2024: €149k▲ +5987% vs 2023highest in 7 years
2025: €24k▼ -83.6% vs 2024
2019 → 2025
Working capital
€169k▼ 1.2%
2024 · €171k
2019: €44k
2020: €66k▲ +51.2% vs 2019
2021: €120k▲ +80.6% vs 2020
2022: €30k▼ -75.3% vs 2021
2023: €-64k▼ -318% vs 2022lowest in 7 years
2024: €171k▲ +365% vs 2023highest in 7 years
2025: €169k▼ -1.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€456k-€455k▼ 0.2%€453k▼ 0.6%€602k▲ 33.0%€627k▲ 4.1%
2021: €456k
2022: €455k▼ -0.2% vs 2021
2023: €453k▼ -0.6% vs 2022lowest in 5 years
2024: €602k▲ +33.0% vs 2023
2025: €627k▲ +4.1% vs 2024highest in 5 years
Operating result€21k-€19k▼ 11.6%€13k▼ 27.5%€248k▲ 1,745%€41k▼ 83.5%
2021: €21k
2022: €19k▼ -11.6% vs 2021
2023: €13k▼ -27.5% vs 2022lowest in 5 years
2024: €248k▲ +1745% vs 2023highest in 5 years
2025: €41k▼ -83.5% vs 2024
Net result€9k-€-1k€-3k▼ 133%€149k€24k▼ 83.6%
2021: €9k
2022: €-1k▼ -113% vs 2021
2023: €-3k▼ -133% vs 2022lowest in 5 years
2024: €149k▲ +5987% vs 2023highest in 5 years
2025: €24k▼ -83.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€798k ▼ 4.5%
Current assets
€283k ▲ 7.0%
Equity and liabilities €1.08M
Equity
€627k ▲ 4.1%
Provisions
€74k =
Debt
€380k ▼ 10.3%
Debt's share of the balance-sheet total falls from 38.5% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▼
2024 · €285k
Cash flow
€62k▼
2024 · €187k
Current ratio
2.47▼
2024 · 2.82
Debt to equity
0.61▼
2024 · 0.70
ROE
3.9%▼
2024 · 24.8%
ROA
2.3%▼
2024 · 13.6%
Interest coverage
8.09▼
2024 · 12.70
Debt ≤ 1 year
€114k▲
2024 · €94k
Debt > 1 year
€266k▼
2024 · €330k
Income taxes
€7k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.08M▼
Fixed assets21/28€835k€798k▼
Tangible fixed assets22/27€608k€571k▼
Land and buildings22€608k€571k▼
Financial fixed assets28€227k€227k=
Current assets29/58€265k€283k▲
Amounts receivable within one year40/41€264k€283k▲
Trade receivables40€28k€12k▼
Other amounts receivable41€237k€271k▲
Cash at bank and in hand54/58€388€74▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.08M▼
Equity10/15€602k€627k▲
Contributions10/11€244k€244k=
Outside capital11€244k€244k=
Other1109/19€244k€244k=
Reserves13€423k€423k=
Non-distributable reserves130/1€24k€24k=
Reserves not available under the articles1311€24k€24k=
Tax-exempt reserves132€211k€211k=
Distributable reserves133€188k€188k=
Profit (loss) carried forward14€-65k€-41k▲
Provisions and deferred taxes16€74k€74k=
Deferred taxes168€74k€74k=
Amounts payable17/49€424k€380k▼
Amounts payable after more than one year17€330k€266k▼
Financial debts170/4€330k€266k▼
Amounts payable within one year42/48€94k€114k▲
Current portion of amounts payable after more than one year42€62k€69k▲
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€21k€26k▲
Suppliers440/4€21k€26k▲
Taxes, remuneration and social security45€10k€20k▲
Taxes450/3€6k€18k▲
Remuneration and social security454/9€4k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€229k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k=
Other operating charges640/8€8k€6k▼
Gross operating margin9900€293k€84k▼
Operating profit (loss)9901€248k€41k▼
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€22k€10k▼
Recurring financial charges65€22k€10k▼
Profit (loss) for the period before taxes9903€226k€31k▼
Transfer from deferred taxes780€4k-
Transfer to deferred taxes680€78k-
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€149k€24k▼
Transfer from tax-exempt reserves789€11k-
Transfer to tax-exempt reserves689€222k-
Profit (loss) for the period to be appropriated9905€-61k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€-41k▲
Profit (loss) brought forward from the previous period14P€-4k€-65k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €229k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45k | €51k | €51k | €37k | €37k | = |
| Other operating charges640/8 | - | €6k | €10k | €8k | €6k | ▼ 26.5% |
| Gross operating margin9900 | €85k | €76k | €75k | €293k | €84k | ▼ 71.3% |
| Operating profit (loss)9901 | €21k | €19k | €13k | €248k | €41k | ▼ 83.5% |
| Financial income75/76B | - | - | - | €20 | - | - |
| Recurring financial income75 | - | - | - | €20 | - | - |
| Financial charges65/66B | - | €20k | €16k | €22k | €10k | ▼ 56.9% |
| Recurring financial charges65 | €9k | €20k | €16k | €22k | €10k | ▼ 56.9% |
| Profit (loss) for the period before taxes9903 | €12k | €-1k | €-3k | €226k | €31k | ▼ 86.1% |
| Transfer from deferred taxes780 | - | - | - | €4k | - | - |
| Transfer to deferred taxes680 | - | - | - | €78k | - | - |
| Income taxes67/77 | €3k | - | - | €2k | €7k | ▲ 204% |
| Profit (loss) for the period9904 | €9k | €-1k | €-3k | €149k | €24k | ▼ 83.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €11k | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €222k | - | - |
| Profit (loss) for the period to be appropriated9905 | €9k | €-1k | €-3k | €-61k | €24k | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.39M | €1.36M | €1.24M | €1.10M | €1.08M | ▼ 1.7% |
| Fixed assets21/28 | €1.12M | €1.20M | €1.15M | €835k | €798k | ▼ 4.5% |
| Tangible fixed assets22/27 | €896k | €976k | €925k | €608k | €571k | ▼ 6.1% |
| Land and buildings22 | - | €976k | €925k | €608k | €571k | ▼ 6.1% |
| Financial fixed assets28 | €227k | €227k | €227k | €227k | €227k | = |
| Current assets29/58 | €264k | €161k | €88k | €265k | €283k | ▲ 7.0% |
| Amounts receivable within one year40/41 | €204k | €100k | €88k | €264k | €283k | ▲ 7.1% |
| Trade receivables40 | - | - | €1k | €28k | €12k | ▼ 56.3% |
| Other amounts receivable41 | - | €100k | €87k | €237k | €271k | ▲ 14.5% |
| Cash at bank and in hand54/58 | €2k | €3k | €638 | €388 | €74 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | - | €58k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.39M | €1.36M | €1.24M | €1.10M | €1.08M | ▼ 1.7% |
| Equity10/15 | €456k | €455k | €453k | €602k | €627k | ▲ 4.1% |
| Contributions10/11 | - | €244k | €244k | €244k | €244k | = |
| Outside capital11 | - | €244k | €244k | €244k | €244k | = |
| Other1109/19 | - | €244k | €244k | €244k | €244k | = |
| Reserves13 | €212k | €212k | €212k | €423k | €423k | = |
| Non-distributable reserves130/1 | - | €24k | €24k | €24k | €24k | = |
| Reserves not available under the articles1311 | - | €24k | €24k | €24k | €24k | = |
| Tax-exempt reserves132 | - | - | - | €211k | €211k | = |
| Distributable reserves133 | - | €188k | €188k | €188k | €188k | = |
| Profit (loss) carried forward14 | - | €-1k | €-4k | €-65k | €-41k | ▲ 37.6% |
| Provisions and deferred taxes16 | - | - | - | €74k | €74k | = |
| Deferred taxes168 | - | - | - | €74k | €74k | = |
| Amounts payable17/49 | €930k | €908k | €787k | €424k | €380k | ▼ 10.3% |
| Amounts payable after more than one year17 | €786k | €777k | €635k | €330k | €266k | ▼ 19.4% |
| Financial debts170/4 | - | €777k | €635k | €330k | €266k | ▼ 19.4% |
| Amounts payable within one year42/48 | €144k | €131k | €153k | €94k | €114k | ▲ 21.8% |
| Current portion of amounts payable after more than one year42 | - | €75k | €109k | €62k | €69k | ▲ 11.3% |
| Financial debts43 | - | - | - | €2k | - | - |
| Credit institutions430/8 | - | - | - | €2k | - | - |
| Trade debts44 | €54k | €50k | €19k | €21k | €26k | ▲ 23.8% |
| Suppliers440/4 | - | €50k | €19k | €21k | €26k | ▲ 23.8% |
| Taxes, remuneration and social security45 | - | €6k | €15k | €10k | €20k | ▲ 102% |
| Taxes450/3 | - | €6k | €15k | €6k | €18k | ▲ 199% |
| Remuneration and social security454/9 | - | - | - | €4k | €2k | ▼ 39.2% |
| Other amounts payable47/48 | - | - | €10k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-1k | €-3k | €149k | €24k | ▼ 83.6% |
| + Depreciation and write-downs630 | €45k | €51k | €51k | €37k | €37k | = |
| Operating cash flow (approximation) | €53k | €50k | €49k | €187k | €62k | ▼ 66.9% |
| Investment in fixed assets (approximation) | - | €-131k | €0 | €279k | €0 | ▼ 100% |
| Change in cash | - | €1k | €-2k | €-250 | €-314 | ▼ 26.0% |
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
27-08
State Gazette act
PurposeName change · Purpose change · Statutes amendment5 facts ▸
State Gazette act
Purpose
Name change · Purpose change · Statutes amendment5 facts ▸
- General meeting, 04-08-2026
- Name change, Franken
- Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen: - Het ui…
- Statutes amendment
- Statutes amendment
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €149k
Net result €149k after 2 loss-making years.
31-03
Financial
Liquidity times 5current ratio 2.82
Current ratio from 0.58 to 2.82; short-term debt falls from €153k to €94k.
31-03
Financial
Equity above €500kEq €602k ▲33%
Equity rises from €453k to €602k.
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
31-03
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bree · 1 establishment unit since 2011
Ground area
3,363 m²
Building footprint
38 m²
Parcel 72004C0333/00Z021, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Franken
since 20112.198.398.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004C0333/00Z021 | Flanders | 3,363 m² | 1 · 38 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 8,321 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
Founded22-03-2011
Fiscal year end31-03
Legal name NL
Franken
Activities, NACEBEL 2025
41001General construction of residential buildings
25110Manufacture of metal structures and parts of structures
43320Joinery installation
43410Roofing work
43910Bricklaying and masonry work
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.