Cleo Construct
ActiveSummary
Cleo Construct has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €997k and a net result of €50k. Equity is growing by ~66.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+4
Solvency43▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.28 in 2024; short-term debt: 81.8% and cash: 2.1% of total assets), and 81.8% 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○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
Sector 68
lower
← 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
18.2%
Return on assets
0.9%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
238 d late
2023
1 d early
2022
2 d early
2021
on the day
2020
2 d early
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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€997k▲ 5.3%
2024 · €947k
2019: €73k
2020: €76k
2021: €142k
2022: €772k
2023: €953k
2024: €947k
2019 → 2025
Total assets
€5.47M▲ 26.1%
2024 · €4.34M
2019: €91k
2020: €92k
2021: €1.71M
2022: €2.82M
2023: €2.26M
2024: €4.34M
2019 → 2025
Net result
€50k▲ 161%
2024 · €19k
2019: €-19k
2020: €3k
2021: €66k
2022: €629k
2023: €181k
2024: €19k
2019 → 2025
Working capital
€984k▲ 5.1%
2024 · €937k
2019: €73k
2020: €75k
2021: €129k
2022: €632k
2023: €942k
2024: €937k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€142k-€772k▲ 442%€953k▲ 23.5%€947k▼ 0.6%€997k▲ 5.3%
Operating result€124k-€956k▲ 674%€311k▼ 67.5%€126k▼ 59.4%€194k▲ 53.5%
Net result€66k-€629k▲ 855%€181k▼ 71.2%€19k▼ 89.4%€50k▲ 161%
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 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.47M
Fixed assets
€14k ▲ 13.3%
Current assets
€5.46M ▲ 26.1%
Equity and liabilities €5.47M
Equity
€997k ▲ 5.3%
Debt
€4.48M ▲ 31.9%
Debt's share of the balance-sheet total rises from 78.2% to 81.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€196k▲
2024 · €128k
Cash flow
€53k▲
2024 · €21k
Current ratio
1.22▼
2024 · 1.28
Quick ratio
0.26▼
2024 · 0.51
Debt to equity
4.49▲
2024 · 3.58
ROE
5.0%▲
2024 · 2.0%
ROA
0.9%▲
2024 · 0.4%
Interest coverage
1.52▲
2024 · 1.14
Debt ≤ 1 year
€4.48M▲
2024 · €3.39M
Income taxes
€31k▲
2024 · €15k
Staff costs
€61k▲
2024 · €59k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.34M€5.47M▲
Fixed assets21/28€13k€14k▲
Tangible fixed assets22/27€13k€14k▲
Furniture and vehicles24€13k€14k▲
Current assets29/58€4.33M€5.46M▲
Stocks and contracts in progress3€2.61M€4.28M▲
Stocks30/36€2.61M€4.28M▲
Amounts receivable within one year40/41€1.51M€1.05M▼
Trade receivables40€420k€764k▲
Other amounts receivable41€1.09M€287k▼
Cash at bank and in hand54/58€202k€117k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€4.34M€5.47M▲
Equity10/15€947k€997k▲
Contributions10/11€45k€45k=
Reserves13€902k€952k▲
Tax-exempt reserves132€10k€10k=
Distributable reserves133€892k€943k▲
Amounts payable17/49€3.39M€4.48M▲
Amounts payable within one year42/48€3.39M€4.48M▲
Financial debts43€2.38M€549k▼
Credit institutions430/8€2.38M€549k▼
Trade debts44€411k€186k▼
Suppliers440/4€411k€186k▼
Advances received on contracts in progress46-€2.74M
Taxes, remuneration and social security45€43k€197k▲
Taxes450/3€40k€196k▲
Remuneration and social security454/9€3k€637▼
Other amounts payable47/48€555k€804k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€59k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€12k€11k▼
Gross operating margin9900€200k€268k▲
Operating profit (loss)9901€126k€194k▲
Financial income75/76B€20k€17k▼
Recurring financial income75€20k€17k▼
Financial charges65/66B€112k€129k▲
Recurring financial charges65€112k€129k▲
Profit (loss) for the period before taxes9903€34k€81k▲
Income taxes67/77€15k€31k▲
Profit (loss) for the period9904€19k€50k▲
Profit (loss) for the period to be appropriated9905€19k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€50k▲
Transfer from equity791/2€25k-
Transfer to equity691/2€19k€50k▲
To other reserves6921€19k€50k▲
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 238 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €629k ▲855%
Operating result €956k, net result €629k, both a record.
30-06
Financial
Equity above €500kEq €772k ▲442%
3 profitable years in a row build equity to €772k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €100kEq €142k ▲86.4%
2 profitable years in a row build equity to €142k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Vilvoorde · 1 establishment unit since 2015
Ground area
5,088 m²
Building footprint
2,294 m²
Volume, LiDAR
15,598 m³
Parcel 23643E0213/00H000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CLEO CONSTRUCT
since 20152.238.972.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0213/00H000 | Flanders | 5,088 m² | 1 · 2,294 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JUVA PROJECTS
BE 0827.415.740
Koekelare · Eq €997,776
VAN HYFTE PROJECTS
BE 0479.630.653
Maldegem · Eq €997,845
SOLAR ROOF CHARLEROI
BE 0785.507.681
Heusden-Zolder · Eq €996,405
LAFAUT INVESTMENT & DEVELOPMENT
BE 0822.943.644
Nazareth · Eq €996,331
STRAK PROJECT
BE 0806.055.053
Zelzate · Eq €996,289
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,920 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2015
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.