CLEMENTINE
ActiveSummary
CLEMENTINE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,061 and a net result of -€10,889. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-9
Solvency57▼-1
Growth72=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.14 in 2024; short-term debt: 27.8% and cash: 3.9% of total assets), and 67.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-4.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
26 d late
2022
23 d late
2021
22 d late
2020
27 d late
2019
27 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 25 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 23 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€39,958▲ 75.3%
2018 · €22,796
EBIT margin
-105.5%▼ 36.4pp
2018 · -69.1%
Net result
-€10,889
2024 · €6,486
Working capital
-€56,642▼ 0.7%
2024 · -€56,235
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€6,265▲ 56.5%-€9,007▼ 43.8%-€11,074▼ 22.9%€5,794-€11,883
Net result-€5,279within the sector's middle half▲ 62.3%-€7,207within the sector's middle half▼ 36.5%-€11,017below the sector's middle half▼ 52.9%€6,486within the sector's middle half-€10,889below the sector's middle half
EBIT margin
Equity€98,689within the sector's middle half▼ 5.1%€91,482within the sector's middle half▼ 7.3%€80,465within the sector's middle half▼ 12.0%€86,951within the sector's middle half▲ 8.1%€76,061within the sector's middle half▼ 12.5%
Total assets€333,754within the sector's middle half▼ 10.0%€304,328within the sector's middle half▼ 8.8%€293,001within the sector's middle half▼ 3.7%€262,440within the sector's middle half▼ 10.4%€236,774within the sector's middle half▼ 9.8%
Debt€185,563▼ 13.3%€166,718▼ 10.2%€169,782▲ 1.8%€136,108▼ 19.8%€124,705▼ 8.4%
Working capital-€92,984below the sector's middle half▲ 15.6%-€83,623below the sector's middle half▲ 10.1%-€78,150below the sector's middle half▲ 6.5%-€56,235within the sector's middle half▲ 28.0%-€56,642within the sector's middle half▼ 0.7%
Solvency29.6%within the sector's middle half▲ 1.5pp30.1%within the sector's middle half▲ 0.5pp27.5%within the sector's middle half▼ 2.6pp33.1%within the sector's middle half▲ 5.7pp32.1%within the sector's middle half▼ 1.0pp
Current ratio0.07below the sector's middle half▼ 0.010.07below the sector's middle half=0.11below the sector's middle half▲ 0.040.14below the sector's middle half▲ 0.030.14below the sector's middle half=
Return on assets (ROA)-1.6%within the sector's middle half▲ 2.2pp-2.4%below the sector's middle half▼ 0.8pp-3.8%below the sector's middle half▼ 1.4pp2.5%within the sector's middle half▲ 6.2pp-4.6%below the sector's middle half▼ 7.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,883 after €5,794 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236,774
Fixed assets
€227,513 ▼ 10.1%
Current assets
€9,261 ▼ 1.5%
Equity and liabilities €236,774
Equity
€76,061 ▼ 12.5%
Provisions
€36,007 ▼ 8.6%
Debt
€124,705 ▼ 8.4%
Debt's share of the balance-sheet total rises from 51.9% to 52.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18,116▼
2024 · €39,713
Cash flow
€19,110▼
2024 · €40,405
Debt to equity
1.64▲
2024 · 1.57
ROE
-14.3%▼
2024 · 7.5%
Interest coverage
7.60▼
2024 · 14.81
Debt ≤ 1 year
€65,903▲
2024 · €65,636
Debt > 1 year
€58,802▼
2024 · €70,472
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €16,328 | €16,166 | €40,754 | €28,828 | €22,428 | ▼ 22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,130 | €35,199 | €36,689 | €33,919 | €29,999 | ▼ 11.6% |
| Other operating charges640/8 | €4,234 | €2,871 | €3,839 | €3,680 | €6,661 | ▲ 81.0% |
| Gross operating margin9900 | €33,099 | €29,063 | €29,454 | €43,392 | €24,777 | ▼ 42.9% |
| Operating profit (loss)9901 | -€6,265 | -€9,007 | -€11,074 | €5,794 | -€11,883 | ▼ 305% |
| Financial income75/76B | - | - | €36 | - | €5 | - |
| Recurring financial income75 | - | - | €36 | - | €5 | - |
| Financial charges65/66B | €2,387 | €1,574 | €3,352 | €2,681 | €2,385 | ▼ 11.0% |
| Recurring financial charges65 | €2,387 | €1,574 | €3,352 | €2,681 | €2,385 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | -€8,652 | -€10,581 | -€14,391 | €3,112 | -€14,263 | ▼ 558% |
| Transfer from deferred taxes780 | €3,374 | €3,374 | €3,374 | €3,374 | €3,374 | = |
| Profit (loss) for the period9904 | -€5,279 | -€7,207 | -€11,017 | €6,486 | -€10,889 | ▼ 268% |
| Transfer from tax-exempt reserves789 | €8,778 | €8,778 | €8,778 | €8,778 | €8,778 | = |
| Profit (loss) for the period to be appropriated9905 | €3,500 | €1,571 | -€2,239 | €15,264 | -€2,111 | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €333,754 | €304,328 | €293,001 | €262,440 | €236,774 | ▼ 9.8% |
| Fixed assets21/28 | €326,909 | €297,704 | €283,380 | €253,039 | €227,513 | ▼ 10.1% |
| Tangible fixed assets22/27 | €326,909 | €297,704 | €283,380 | €253,039 | €227,513 | ▼ 10.1% |
| Land and buildings22 | €324,580 | €295,154 | €281,361 | €248,937 | €224,906 | ▼ 9.7% |
| Plant, machinery and equipment23 | €2,329 | €2,550 | €2,019 | €4,102 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €2,607 | - |
| Current assets29/58 | €6,845 | €6,624 | €9,621 | €9,401 | €9,261 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €400 | - | - | - | - | - |
| Trade receivables40 | €400 | - | - | - | - | - |
| Current investments50/53 | €1,050 | €1,050 | €1,050 | - | - | - |
| Cash at bank and in hand54/58 | €5,395 | €5,574 | €8,571 | €9,401 | €9,261 | ▼ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €333,754 | €304,328 | €293,001 | €262,440 | €236,774 | ▼ 9.8% |
| Equity10/15 | €98,689 | €91,482 | €80,465 | €86,951 | €76,061 | ▼ 12.5% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €63,144 | €54,365 | €45,587 | €51,808 | €43,030 | ▼ 16.9% |
| Non-distributable reserves130/1 | €4,801 | €4,801 | €4,801 | €4,801 | €4,801 | = |
| Reserves not available under the articles1311 | €4,801 | €4,801 | €4,801 | €4,801 | €4,801 | = |
| Tax-exempt reserves132 | €58,343 | €49,565 | €40,786 | €32,008 | €23,229 | ▼ 27.4% |
| Distributable reserves133 | - | - | - | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €29,348 | €30,919 | €28,681 | €28,945 | €26,834 | ▼ 7.3% |
| Provisions and deferred taxes16 | €49,502 | €46,128 | €42,755 | €39,381 | €36,007 | ▼ 8.6% |
| Deferred taxes168 | €49,502 | €46,128 | €42,755 | €39,381 | €36,007 | ▼ 8.6% |
| Amounts payable17/49 | €185,563 | €166,718 | €169,782 | €136,108 | €124,705 | ▼ 8.4% |
| Amounts payable after more than one year17 | €85,734 | €76,470 | €82,011 | €70,472 | €58,802 | ▼ 16.6% |
| Financial debts170/4 | €85,734 | €76,470 | €82,011 | €70,472 | €58,802 | ▼ 16.6% |
| Amounts payable within one year42/48 | €99,829 | €90,247 | €87,771 | €65,636 | €65,903 | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | €9,606 | €9,792 | €11,804 | €11,539 | €11,670 | ▲ 1.1% |
| Trade debts44 | €2,341 | €1,195 | €6,098 | €2,331 | €3,323 | ▲ 42.5% |
| Suppliers440/4 | €2,341 | €1,195 | €6,098 | €2,331 | €3,323 | ▲ 42.5% |
| Other amounts payable47/48 | €87,883 | €79,261 | €69,869 | €51,766 | €50,909 | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,279 | -€7,207 | -€11,017 | €6,486 | -€10,889 | ▼ 268% |
| + Depreciation and write-downs630 | €35,130 | €35,199 | €36,689 | €33,919 | €29,999 | ▼ 11.6% |
| Operating cash flow (approximation) | €29,851 | €27,992 | €25,672 | €40,405 | €19,110 | ▼ 52.7% |
| Investment in fixed assets (approximation) | - | -€5,994 | -€22,366 | -€3,578 | -€4,473 | ▼ 25.0% |
| Change in cash | - | €179 | €2,996 | €831 | -€140 | ▼ 117% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €6,486
Net result €6,486 after 6 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€40,295
Net result drops to -€40,295, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
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, Lasne · 1 establishment unit since 1990
Ground area
2,007 m²
Building footprint
269 m²
Volume, LiDAR
1,804 m³
Parcel 25076C0414/00E000, Wallonia · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CLEMENTINE SPRL
since 19902.047.131.352
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076C0414/00E000 | Wallonia | 2,007 m² | 1 · 269 m² | 11.6 m · 2 fl. |
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 11,755 companies in sector 68310 we hold annual accounts for 6,912. 5,113 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
Founded06-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439238665
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.