Summary
CLEMAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.7m and a net result of €646,456. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 77% of 2460 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
7 d early
2023
27 d early
2022
19 d early
2021
27 d early
2020
39 d early
2019
30 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.7m▲ 11.2%
2024 · €2.4m
Net result
€646,456▲ 41.1%
2024 · €458,195
Total assets
€3.4m▲ 5.2%
2024 · €3.2m
Solvency
78.0%▲ 4.2pp
2024 · 73.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€773,501▲ 38.0%€624,194▼ 19.3%€692,389▲ 10.9%€657,779▼ 5.0%€936,342▲ 42.3%
Net result€520,029▲ 37.2%€424,881▼ 18.3%€475,892▲ 12.0%€458,195▼ 3.7%€646,456▲ 41.1%
Equity€2.8m▲ 22.6%€2.6m▼ 9.2%€2.8m▲ 8.3%€2.4m▼ 13.9%€2.7m▲ 11.2%
Total assets€3.1m▲ 4.8%€3.3m▲ 4.9%€3.3m▼ 0.9%€3.2m▼ 1.0%€3.4m▲ 5.2%
Debt€324,465▼ 53.7%€737,138▲ 127%€495,491▼ 32.8%€846,892▲ 70.9%€748,333▼ 11.6%
Working capital€246,867-€94,483€155,961-€203,778-€388,530▼ 90.7%
Solvency89.7%▲ 13.0pp77.7%▼ 12.0pp84.9%▲ 7.2pp73.8%▼ 11.0pp78.0%▲ 4.2pp
Staff (FTE)00.4
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 recovers in 2025; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€3.0m ▲ 17.4%
Current assets
€359,802 ▼ 44.1%
Equity and liabilities €3.4m
Equity
€2.7m ▲ 11.2%
Debt
€748,333 ▼ 11.6%
Debt's share of the balance-sheet total falls from 26.2% to 22.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.3%▲
2024 · 19.2%
ROA
19.0%▲
2024 · 14.2%
Debt ≤ 1 year
€748,333▼
2024 · €846,892
Income taxes
€308,710▲
2024 · €219,182
Staff costs
€35,997▲
2024 · €29,116
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €3,000 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €29,116 | €35,997 | ▲ 23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,515 | €20,962 | €38,264 | €44,021 | €44,299 | ▲ 0.6% |
| Other operating charges640/8 | €111 | €112 | €697 | €609 | €627 | ▲ 3.0% |
| Gross operating margin9900 | €791,128 | €645,268 | €731,349 | €731,525 | €1.0m | ▲ 39.1% |
| Operating profit (loss)9901 | €773,501 | €624,194 | €692,389 | €657,779 | €936,342 | ▲ 42.3% |
| Financial income75/76B | €0 | €3,521 | €11,939 | €19,662 | €19,209 | ▼ 2.3% |
| Recurring financial income75 | €0 | €3,521 | €11,939 | €19,662 | €19,209 | ▼ 2.3% |
| Financial charges65/66B | €223 | €155 | €98 | €63 | €384 | ▲ 510% |
| Recurring financial charges65 | €223 | €155 | €98 | €63 | €384 | ▲ 510% |
| Profit (loss) for the period before taxes9903 | €773,278 | €627,559 | €704,230 | €677,377 | €955,167 | ▲ 41.0% |
| Income taxes67/77 | €253,250 | €202,678 | €228,338 | €219,182 | €308,710 | ▲ 40.8% |
| Profit (loss) for the period9904 | €520,029 | €424,881 | €475,892 | €458,195 | €646,456 | ▲ 41.1% |
| Transfer from tax-exempt reserves789 | €10,940 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €530,968 | €424,881 | €475,892 | €458,195 | €646,456 | ▲ 41.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.3m | €3.3m | €3.2m | €3.4m | ▲ 5.2% |
| Fixed assets21/28 | €2.6m | €2.7m | €2.6m | €2.6m | €3.0m | ▲ 17.4% |
| Tangible fixed assets22/27 | €67,010 | €149,789 | €111,526 | €85,767 | €62,890 | ▼ 26.7% |
| Plant, machinery and equipment23 | €2,038 | €1,522 | €1,007 | €12,996 | €24,840 | ▲ 91.1% |
| Furniture and vehicles24 | €64,973 | €148,267 | €110,519 | €72,771 | €38,050 | ▼ 47.7% |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €3.0m | ▲ 18.9% |
| Current assets29/58 | €571,157 | €642,634 | €651,337 | €643,114 | €359,802 | ▼ 44.1% |
| Amounts receivable after more than one year29 | - | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €250,000 | €250,000 | €250,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0 | €14,889 | €14,810 | €0 | - | - |
| Trade receivables40 | €0 | - | - | - | - | - |
| Other amounts receivable41 | - | €14,889 | €14,810 | €0 | - | - |
| Current investments50/53 | - | - | €225,000 | €245,000 | €250,000 | ▲ 2.0% |
| Cash at bank and in hand54/58 | €569,289 | €370,883 | €154,644 | €144,432 | €105,304 | ▼ 27.1% |
| Deferred charges and accrued income490/1 | €1,868 | €6,862 | €6,884 | €3,682 | €4,498 | ▲ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.3m | €3.3m | €3.2m | €3.4m | ▲ 5.2% |
| Equity10/15 | €2.8m | €2.6m | €2.8m | €2.4m | €2.7m | ▲ 11.2% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €2.7m | €2.4m | €2.7m | €2.3m | €2.5m | ▲ 11.7% |
| Non-distributable reserves130/1 | €10,860 | €10,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €10,860 | €10,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €2.7m | €2.4m | €2.7m | €2.3m | €2.5m | ▲ 11.7% |
| Profit (loss) carried forward14 | €101,128 | €101,128 | €101,128 | €101,128 | €101,128 | = |
| Amounts payable17/49 | €324,465 | €737,138 | €495,491 | €846,892 | €748,333 | ▼ 11.6% |
| Amounts payable within one year42/48 | €324,289 | €737,118 | €495,376 | €846,892 | €748,333 | ▼ 11.6% |
| Trade debts44 | €1,412 | €1,375 | €1,146 | €3,536 | €10,922 | ▲ 209% |
| Suppliers440/4 | €1,412 | €1,375 | €1,146 | €3,536 | €10,922 | ▲ 209% |
| Taxes, remuneration and social security45 | €102,931 | €145,419 | €145,645 | €197,997 | €187,717 | ▼ 5.2% |
| Taxes450/3 | €102,931 | €145,419 | €145,645 | €194,440 | €183,736 | ▼ 5.5% |
| Remuneration and social security454/9 | - | - | - | €3,557 | €3,980 | ▲ 11.9% |
| Other amounts payable47/48 | €219,947 | €590,324 | €348,585 | €645,358 | €549,694 | ▼ 14.8% |
| Accrued charges and deferred income492/3 | €176 | €21 | €115 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €520,029 | €424,881 | €475,892 | €458,195 | €646,456 | ▲ 41.1% |
| + Depreciation and write-downs630 | €17,515 | €20,962 | €38,264 | €44,021 | €44,299 | ▲ 0.6% |
| Operating cash flow (approximation) | €537,544 | €445,843 | €514,155 | €502,217 | €690,756 | ▲ 37.5% |
| Investment in fixed assets (approximation) | - | -€103,741 | €0 | -€18,262 | -€496,422 | ▼ 2,618% |
| Change in cash | - | -€198,406 | -€216,239 | -€10,212 | -€39,128 | ▼ 283% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €646,456 ▲41.1%
Operating result €936,342, net result €646,456, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 1.76
Current ratio from 0.59 to 1.76; short-term debt falls from €700,934 to €324,289.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Waregem · 1 establishment unit since 2009
Ground area
1,212 m²
Building footprint
457 m²
Volume, LiDAR
100 m³
Parcel 34452A0878/00M000, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
1 establishment unit
CLEMAX
since 20092.176.586.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452A0878/00M000 | Flanders | 1,212 m² | 1 · 457 m² | 6.8 m |
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
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
31.37%
According to the 2025 annual accounts of CLEMAX 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 4,673 companies in sector 66220 we hold annual accounts for 3,220. 1,397 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
Founded05-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809070565
Also
9925:BE0809070565
Registered
02-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.