CLEH
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 56 days after the deadline Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00528616.
Annual accounts 2025 filed on 25-09-2026 at the NBB all 8 filings
Turnover
≈ €1.8m
Estimated: probably between €1.4m and €1.9m
EBIT margin
Not included in this filing
Net result
€460
2024 · -€46,102
Working capital
€147,095▲ 25.9%
2024 · €116,814
In the rankings
#5 employer in Mons, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€14,540
2025
20182025
Net result
€460
2025
middle half of the sector
20182025
Equity
€233,765
▲ 0.2%
2025
middle half of the sector
20182025
Total assets
€522,484
▼ 12.5%
2025
middle half of the sector
20182025
Debt
€288,719
▼ 20.7%
2025
20182025
Working capital
€147,095
▲ 25.9%
2025
middle half of the sector
20182025
Solvency
44.7%
▲ 5.7pp
2025
middle half of the sector
20182025
Current ratio
1.53
▲ 0.21
2025
middle half of the sector
20182025
Return on assets (ROA)
0.1%
▲ 7.8pp
2025
middle half of the sector
20182025
Staff (FTE)
16.5
▲ 2.5%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€7,353--€4,380▲ 40.4%€73,370€360,874▲ 392%€100,420▼ 72.2%-€105,865-€34,266▲ 67.6%€14,540
Net result-€7,400--€4,916▲ 33.6%€62,205above the sector's middle half€266,823above the sector's middle half▲ 329%€67,995above the sector's middle half▼ 74.5%-€123,901below the sector's middle half-€46,102below the sector's middle half▲ 62.8%€460within the sector's middle half
Equity€11,200-€6,285▼ 43.9%€68,490above the sector's middle half▲ 990%€335,313above the sector's middle half▲ 390%€403,308above the sector's middle half▲ 20.3%€279,407above the sector's middle half▼ 30.7%€233,305within the sector's middle half▼ 16.5%€233,765within the sector's middle half▲ 0.2%
Total assets€15,644-€22,667▲ 44.9%€95,133within the sector's middle half▲ 320%€469,096above the sector's middle half▲ 393%€595,384above the sector's middle half▲ 26.9%€494,014within the sector's middle half▼ 17.0%€597,354within the sector's middle half▲ 20.9%€522,484within the sector's middle half▼ 12.5%
Debt€4,443-€16,382▲ 269%€26,643▲ 62.6%€133,783▲ 402%€192,076▲ 43.6%€214,607▲ 11.7%€364,049▲ 69.6%€288,719▼ 20.7%
Working capital-€760-€1,975€42,632above the sector's middle half▲ 22×€291,584above the sector's middle half▲ 584%€333,857above the sector's middle half▲ 14.5%€173,174above the sector's middle half▼ 48.1%€116,814above the sector's middle half▼ 32.5%€147,095within the sector's middle half▲ 25.9%
Solvency71.6%-27.7%▼ 43.9pp72.0%above the sector's middle half▲ 44.3pp71.5%above the sector's middle half▼ 0.5pp67.7%above the sector's middle half▼ 3.7pp56.6%above the sector's middle half▼ 11.2pp39.1%within the sector's middle half▼ 17.5pp44.7%within the sector's middle half▲ 5.7pp
Current ratio0.83-1.20▲ 0.382.60above the sector's middle half▲ 1.403.19above the sector's middle half▲ 0.592.78above the sector's middle half▼ 0.411.81above the sector's middle half▼ 0.971.32within the sector's middle half▼ 0.481.53within the sector's middle half▲ 0.21
Return on assets (ROA)-47.3%--21.7%▲ 25.6pp65.4%above the sector's middle half▲ 87.1pp56.9%above the sector's middle half▼ 8.5pp11.4%within the sector's middle half▼ 45.5pp-25.1%below the sector's middle half▼ 36.5pp-7.7%below the sector's middle half▲ 17.4pp0.1%within the sector's middle half▲ 7.8pp
Staff (FTE)11.613.5▲ 16.4%9.8within the sector's middle half▼ 27.4%16.1within the sector's middle half▲ 64.3%16.5within the sector's middle half▲ 2.5%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €14,540, after a loss of €34,266 in 2024. It is the highest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €522,484
Fixed assets
€99,355 ▼ 16.1%
Current assets
€423,128 ▼ 11.6%
Equity and liabilities €522,484
Equity
€233,765 ▲ 0.2%
Debt
€288,719 ▼ 20.7%
Debt's share of the balance-sheet total falls from 60.9% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,068▲
2024 · -€9,370
Cash flow
€26,988▲
2024 · -€21,207
Quick ratio
1.37▲
2024 · 1.17
Debt to equity
1.24▼
2024 · 1.56
ROE
0.2%▲
2024 · -19.8%
Interest coverage
2.66▲
2024 · -0.73
Debt ≤ 1 year
€276,034▼
2024 · €362,060
Income taxes
€480▲
2024 · €158
Staff costs
€553,310▼
2024 · €604,470
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 18 | 20 | 25 | 28 | 32 |
| full-time | 1 | 4 | 5 | 8 | 4 |
| part-time | 17 | 16 | 20 | 20 | 28 |
| in full-time equivalents | 5.4 | 8.2 | 12.1 | 17.1 | 15.1 |
| Average over the year, in full-time equivalents | 3.2 | 6.6 | 9.8 | 16.1 | 16.5 |
| On a permanent contract | 9 | 9 | 12 | 19 | 19 |
| Joined | 18 | 57 | 54 | 53 | 39 |
| Left | 12 | 54 | 47 | 51 | 35 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,290 | €38,132 | €25,783 | €37,142 | €7,403 |
| Financial fixed assets | €6,500 | - | €21,000 | - | - |
| Depreciation and write-downs of the year | €2,571 | €8,258 | €14,501 | €24,895 | €26,528 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,454 | €9,845 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €52,462 | €218,475 | €342,821 | €604,470 | €553,310 | ▼ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,321 | €900 | €1,135 | €2,571 | €8,258 | €14,501 | €24,895 | €26,528 | ▲ 6.6% |
| Other operating charges640/8 | - | - | - | €3,197 | €5,758 | €5,051 | €7,309 | €13,037 | ▲ 78.4% |
| Non-recurring operating charges66A | - | - | - | €15,560 | - | €936 | - | - | - |
| Gross operating margin9900 | -€5,568 | -€1,827 | €122,782 | €434,664 | €332,911 | €257,445 | €602,408 | €607,415 | ▲ 0.8% |
| Operating profit (loss)9901 | -€7,353 | -€4,380 | €73,370 | €360,874 | €100,420 | -€105,865 | -€34,266 | €14,540 | - |
| Financial income75/76B | - | - | - | €0 | - | - | €1,245 | €1,829 | ▲ 46.9% |
| Recurring financial income75 | €3 | €9 | €4 | €0 | - | - | €1,245 | €1,829 | ▲ 46.9% |
| Financial charges65/66B | - | - | - | €2,437 | €9,343 | €15,238 | €12,924 | €15,429 | ▲ 19.4% |
| Recurring financial charges65 | €50 | €544 | €2,677 | €2,437 | €9,343 | €15,238 | €12,924 | €15,429 | ▲ 19.4% |
| Profit (loss) for the period before taxes9903 | -€7,400 | -€4,916 | €70,696 | €358,437 | €91,078 | -€121,102 | -€45,945 | €940 | - |
| Income taxes67/77 | - | - | €8,491 | €91,613 | €23,083 | €2,798 | €158 | €480 | ▲ 205% |
| Profit (loss) for the period9904 | -€7,400 | -€4,916 | €62,205 | €266,823 | €67,995 | -€123,901 | -€46,102 | €460 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,400 | -€4,916 | €62,205 | €266,823 | €67,995 | -€123,901 | -€46,102 | €460 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15,644 | €22,667 | €95,133 | €469,096 | €595,384 | €494,014 | €597,354 | €522,484 | ▼ 12.5% |
| Fixed assets21/28 | €11,960 | €11,060 | €25,857 | €44,077 | €73,951 | €106,233 | €118,480 | €99,355 | ▼ 16.1% |
| Tangible fixed assets22/27 | €5,210 | €4,310 | €5,744 | €17,464 | €47,338 | €58,620 | €70,867 | €51,742 | ▼ 27.0% |
| Plant, machinery and equipment23 | - | - | - | €2,866 | €34,583 | €47,453 | €46,670 | €36,705 | ▼ 21.4% |
| Furniture and vehicles24 | - | - | - | €13,131 | €11,545 | €10,214 | €23,501 | €14,597 | ▼ 37.9% |
| Other tangible fixed assets26 | - | - | - | €1,467 | €1,210 | €953 | €696 | €440 | ▼ 36.9% |
| Financial fixed assets28 | €6,750 | €6,750 | €20,113 | €26,613 | €26,613 | €47,613 | €47,613 | €47,613 | = |
| Current assets29/58 | €3,683 | €11,607 | €69,276 | €425,019 | €521,433 | €387,780 | €478,874 | €423,128 | ▼ 11.6% |
| Stocks and contracts in progress3 | €673 | €564 | €43,420 | €120,215 | €161,123 | €169,710 | €53,795 | €43,661 | ▼ 18.8% |
| Stocks30/36 | - | - | - | €120,215 | €161,123 | €169,710 | €53,795 | €43,661 | ▼ 18.8% |
| Amounts receivable within one year40/41 | €2,347 | €4,970 | €17,235 | €181,159 | €199,475 | €126,414 | €316,027 | €278,914 | ▼ 11.7% |
| Trade receivables40 | - | - | - | €40,047 | €55,174 | €61,954 | €226,906 | €239,268 | ▲ 5.4% |
| Other amounts receivable41 | - | - | - | €141,112 | €144,302 | €64,460 | €89,121 | €39,647 | ▼ 55.5% |
| Cash at bank and in hand54/58 | €663 | €5,569 | €5,167 | €80,722 | €126,283 | €67,316 | €43,638 | €98,699 | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | - | €42,924 | €34,552 | €24,341 | €65,414 | €1,854 | ▼ 97.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15,644 | €22,667 | €95,133 | €469,096 | €595,384 | €494,014 | €597,354 | €522,484 | ▼ 12.5% |
| Equity10/15 | €11,200 | €6,285 | €68,490 | €335,313 | €403,308 | €279,407 | €233,305 | €233,765 | ▲ 0.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€7,400 | -€12,315 | €49,890 | €316,713 | €384,708 | €260,807 | €214,705 | €215,165 | ▲ 0.2% |
| Amounts payable17/49 | €4,443 | €16,382 | €26,643 | €133,783 | €192,076 | €214,607 | €364,049 | €288,719 | ▼ 20.7% |
| Amounts payable within one year42/48 | €4,443 | €9,632 | €26,643 | €133,435 | €187,576 | €214,607 | €362,060 | €276,034 | ▼ 23.8% |
| Trade debts44 | €2,189 | €3,318 | €13,323 | €14,494 | €21,970 | €80,437 | €191,645 | €208,225 | ▲ 8.7% |
| Suppliers440/4 | - | - | - | €14,494 | €21,970 | €80,437 | €191,645 | €208,225 | ▲ 8.7% |
| Taxes, remuneration and social security45 | - | - | - | €118,141 | €156,826 | €73,777 | €93,019 | €64,136 | ▼ 31.1% |
| Taxes450/3 | - | - | - | €100,663 | €132,113 | €25,292 | €25,725 | €670 | ▼ 97.4% |
| Remuneration and social security454/9 | - | - | - | €17,478 | €24,713 | €48,484 | €67,294 | €63,466 | ▼ 5.7% |
| Other amounts payable47/48 | - | - | - | €800 | €8,781 | €60,392 | €77,396 | €3,674 | ▼ 95.3% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €4,500 | - | €1,989 | €12,685 | ▲ 538% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,400 | -€4,916 | €62,205 | €266,823 | €67,995 | -€123,901 | -€46,102 | €460 | - |
| + Depreciation and write-downs630 | €1,321 | €900 | €1,135 | €2,571 | €8,258 | €14,501 | €24,895 | €26,528 | ▲ 6.6% |
| Operating cash flow (approximation) | -€6,078 | -€4,016 | €63,340 | €269,394 | €76,253 | -€109,400 | -€21,207 | €26,988 | - |
| Investment in fixed assets (approximation) | - | €0 | -€15,932 | -€20,790 | -€38,132 | -€46,783 | -€37,142 | -€7,403 | ▲ 80.1% |
| Change in cash | - | €4,906 | -€402 | €75,555 | €45,561 | -€58,967 | -€23,677 | €55,061 | - |
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, 1,639 companies had the same profile as CLEH has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.5%
was still going
3.7%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CLEH itself is higher: 2.2% within 12 months. It rests on far more data about CLEH than the profile alone.
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 1,639 companies, not a prediction for CLEH. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 25-09-2026 | 2026-00528616 | |
| 31-12-2024 | full format | 09-12-2025 | 2025-00578575 | |
| 31-12-2023 | full format | 08-10-2024 | 2024-00500527 | |
| 31-12-2022 | micro format | 21-12-2023 | 2023-00538774 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20447708 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69800561 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44700191 | |
| 31-12-2018 | micro format | 25-09-2019 | 2019-67600533 |