Cleo Construct
Annual accounts 2025
abbreviated format, filed on 29-01-2026, 2 days before the deadline€268,252
▲ 34.0%
€193,763
▲ 53.5%
€50,263
▲ 161%
€984,353
▲ 5.1%
18.2%
▼ 3.6 percentage points
1.22
▼ 0.06
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €480,000. Estimated: probably between €360,000 and €780,000.
Balance sheet
balance sheet total €5.5m on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
18.2%
Higher than 37% of 11,299 companies in 2025.
1.22
Higher than 53% of 10,851 companies in 2025.
0.9%
Higher than 50% of 11,184 companies in 2025.
Cleo Construct
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff
€61,230
Staff costs divided by the average number of full-time equivalents.
Blue and white collar1 blue-collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
5.5m | 4.3m | 2.3m | 2.8m | 1.7m | 92,062 | 91,061 | 123,955 | 240,542 | 55,311 | |
21/28 |
14,190 | 12,524 | 12,856 | 147,434 | 16,678 | 1,692 | 1,300 | - | - | - | |
21 |
- | - | - | - | - | 650 | 1,300 | - | - | - | |
22/27 |
14,190 | 12,524 | 12,856 | 147,434 | 16,678 | 1,042 | - | - | - | - | |
24 |
14,190 | 12,524 | 12,856 | 147,434 | 16,678 | 1,042 | - | - | - | - | |
29/58 |
5.5m | 4.3m | 2.3m | 2.7m | 1.7m | 90,370 | 89,761 | 123,955 | 240,542 | 55,311 | |
3 |
4.3m | 2.6m | 221,630 | 1.2m | 1.4m | 25,181 | - | - | - | 18,033 | |
30/36 |
4.3m | 2.6m | 221,630 | 1.2m | 1.4m | 25,181 | - | - | - | 18,033 | |
40/41 |
1.1m | 1.5m | 2.0m | 170,622 | 47,832 | 61,890 | 88,542 | 106,165 | 239,713 | 37,259 | |
40 |
764,151 | 420,156 | 566,127 | 115,145 | 29,423 | 3,360 | 85,617 | 56,800 | 51,169 | - | |
41 |
287,499 | 1.1m | 1.4m | 55,477 | 18,408 | 58,530 | 2,925 | 49,365 | 188,544 | 37,259 | |
54/58 |
117,279 | 202,344 | 33,992 | 1.3m | 207,766 | 2,129 | 1,219 | 17,113 | 655 | 19 | |
490/1 |
7,186 | 5,829 | 11,203 | 2,640 | 6,341 | 1,169 | - | 677 | 174 | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
5.5m | 4.3m | 2.3m | 2.8m | 1.7m | 92,062 | 91,061 | 123,955 | 240,542 | 55,311 | |
10/15 |
997,342 | 947,080 | 952,581 | 771,587 | 142,269 | 76,338 | 73,286 | 92,261 | 101,135 | 45,876 | |
10/11 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | - | 45,000 | 45,000 | 45,000 | 45,000 | |
100 |
- | - | - | - | - | - | 45,000 | 45,000 | 45,000 | 45,000 | |
11 |
- | - | - | - | - | 45,000 | - | - | - | - | |
1100/10 |
- | - | - | - | - | 45,000 | - | - | - | - | |
13 |
952,342 | 902,080 | 907,581 | 726,587 | 97,269 | 31,338 | 28,286 | 47,261 | 56,135 | 876 | |
130/1 |
- | - | 3,639 | 3,639 | 3,639 | 3,639 | - | - | - | - | |
130 |
- | - | - | - | - | - | 3,639 | 3,639 | 3,639 | 876 | |
1311 |
- | - | 3,639 | 3,639 | 3,639 | - | - | - | - | - | |
1319 |
- | - | - | - | - | 3,639 | - | - | - | - | |
132 |
9,724 | 9,724 | 9,724 | 9,724 | - | - | - | - | - | - | |
133 |
942,618 | 892,356 | 894,217 | 713,224 | 93,630 | 27,699 | 24,647 | 43,622 | 52,496 | - | |
17/49 |
4.5m | 3.4m | 1.3m | 2.0m | 1.6m | 15,724 | 17,775 | 31,694 | 139,407 | 9,435 | |
42/48 |
4.5m | 3.4m | 1.3m | 2.0m | 1.6m | 15,453 | 17,008 | 31,631 | 139,345 | 9,435 | |
43 |
549,039 | 2.4m | 210,000 | 775,152 | 750,870 | - | - | - | - | - | |
430/8 |
549,039 | 2.4m | - | 705,152 | 750,870 | - | - | - | - | - | |
439 |
- | - | 210,000 | 70,000 | - | - | - | - | - | - | |
44 |
186,067 | 410,950 | 544,835 | 645,570 | 367,828 | 13,230 | 6,948 | 26,834 | 63,486 | 6,796 | |
440/4 |
186,067 | 410,950 | 544,835 | 645,570 | 367,828 | 13,230 | 6,948 | 26,834 | 63,486 | 6,796 | |
46 |
2.7m | - | - | - | 105,199 | - | - | - | - | - | |
45 |
196,566 | 42,543 | 311,906 | 251,491 | 46,124 | 2,223 | 3,986 | 4,798 | 75,859 | 2,639 | |
450/3 |
195,929 | 39,941 | 308,590 | 250,632 | 43,409 | 226 | 969 | 3,939 | 71,900 | 63 | |
454/9 |
637 | 2,601 | 3,316 | 859 | 2,715 | 1,997 | 3,016 | 858 | 3,959 | 2,575 | |
47/48 |
804,165 | 554,567 | 241,480 | 367,968 | 292,833 | - | 6,074 | - | - | - | |
492/3 |
1,200 | 1,946 | 2,393 | 8,295 | 3,515 | 271 | 767 | 63 | 63 | - | |
| Income statement | |||||||||||
9900 |
268,252 | 200,213 | 413,254 | 1.1m | 203,070 | 57,041 | 42,528 | 66,606 | 188,140 | 60,756 | |
62 |
61,230 | 59,489 | 62,847 | 52,043 | 57,531 | 51,551 | 56,300 | 74,977 | 98,503 | 59,036 | |
630 |
2,342 | 2,226 | 1,650 | 2,244 | 1,515 | 1,171 | 650 | - | 4,793 | - | |
640/8 |
10,917 | 12,294 | 38,081 | 49,870 | 20,472 | 717 | 4,037 | 579 | 644 | 778 | |
9901 |
193,763 | 126,204 | 310,676 | 956,044 | 123,552 | 3,602 | -18,459 | -8,949 | 84,200 | 942 | |
75/76B |
16,791 | 20,339 | 10,038 | 2,322 | 771 | 57 | 0 | 249 | 1,975 | 27 | |
75 |
16,791 | 20,339 | 10,038 | 2,322 | 771 | 57 | 0 | 249 | 1,975 | 27 | |
65/66B |
129,400 | 112,298 | 47,691 | 80,838 | 43,368 | 504 | 516 | 174 | 1,857 | 29 | |
65 |
129,400 | 112,298 | 47,691 | 80,838 | 43,368 | 504 | 516 | 174 | 1,857 | 29 | |
9903 |
81,155 | 34,245 | 273,023 | 877,528 | 80,955 | 3,155 | -18,975 | -8,874 | 84,318 | 940 | |
67/77 |
30,892 | 14,994 | 92,030 | 248,209 | 15,024 | 104 | - | - | 29,060 | 64 | |
9904 |
50,263 | 19,252 | 180,993 | 629,318 | 65,931 | 3,052 | -18,975 | -8,874 | 55,259 | 876 | |
9905 |
50,263 | 19,252 | 180,993 | 629,318 | 65,931 | 3,052 | -18,975 | -8,874 | 55,259 | 876 | |
| Appropriation of the result | |||||||||||
9906 |
50,263 | 19,252 | 180,993 | 629,318 | 65,931 | 3,052 | -18,975 | -8,874 | 55,259 | 876 | |
791/2 |
- | 24,752 | - | - | - | - | 18,975 | 8,874 | - | - | |
691/2 |
50,263 | 19,252 | 180,993 | 629,318 | 65,931 | 3,052 | - | - | 55,259 | 876 | |
6920 |
- | - | - | - | - | - | - | - | 2,763 | 876 | |
6921 |
50,263 | 19,252 | 180,993 | 629,318 | 65,931 | 3,052 | - | - | 52,496 | - | |
694/7 |
- | 24,752 | - | - | - | - | - | - | - | - | |
694 |
- | 24,752 | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
1 | 1 | - | 1 | 1 | 1 | 1 | 1.5 | 2 | 2 | |
Hours worked1013 |
1,576 | 1,640 | - | 1,640 | 1,792 | 1,640 | 1,744 | 2,460 | 3,376 | 2,000 | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00032248 | |
| 30-06-2024 | abbreviated format | 26-09-2025 | 2025-00506315 | |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00026834 | |
| 30-06-2022 | micro format | 29-01-2023 | 2023-00016022 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03700218 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-04600259 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-04500299 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-04500122 | |
| 30-06-2017 | micro format | 12-02-2018 | 2018-04800205 | |
| 30-06-2016 | abbreviated format | 02-02-2017 | 2017-03600367 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 196,105 | 128,430 | 312,326 | 958,288 | 125,066 | 4,773 | -17,809 | - | 88,993 | - | ||
| 52,605 | 21,478 | 182,643 | 631,563 | 67,446 | 4,223 | -18,325 | - | 60,052 | - | ||
| 4,007 | 1,894 | 13,965 | 133,000 | 16,500 | 1,564 | 1,950 | - | 4,793 | - | ||
| -85,065 | 168,352 | -1.3m | 1.1m | 205,637 | 911 | -15,894 | 16,458 | 636 | - | ||
| 984,353 | 936,502 | 942,117 | 632,449 | 129,106 | 74,917 | 72,752 | 92,323 | 101,197 | 45,876 | ||
| 18.2% | 21.8% | 42.1% | 27.4% | 8.3% | 82.9% | 80.5% | 74.4% | 42.0% | 82.9% | ||
| 1.22 | 1.28 | 1.72 | 1.31 | 1.08 | 5.85 | 5.28 | 3.92 | 1.73 | 5.86 | ||
| 0.26 | 0.51 | 1.55 | 0.74 | 0.17 | 4.22 | 5.28 | 3.92 | 1.73 | 3.95 | ||
| 4.49 | 3.58 | 1.38 | 2.65 | 11.01 | 0.21 | 0.24 | 0.34 | 1.38 | 0.21 | ||
| 5.0% | 2.0% | 19.0% | 81.6% | 46.3% | 4.0% | -25.9% | -9.6% | 54.6% | 1.9% | ||
| 0.9% | 0.4% | 8.0% | 22.3% | 3.9% | 3.3% | -20.8% | -7.2% | 23.0% | 1.6% | ||
| 1.52 | 1.14 | 6.55 | 11.85 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 | 30-06-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | €27,500 | - |
| Carrying value of the mortgaged assets | - | - | €40,676 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €4,007 | €1,894 | €13,965 | €133,000 |
| €2,342 | €2,226 | €1,650 | €2,244 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Cleo Construct
The operating result for 2025 is 54% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 78.2% to 81.8%. Equity and debt are higher.
Large changes and their cause
- 2023 Net result -71% on 2022. Merger absorbing H. EN F. BRION, effective 12-05-2022, in the previous financial year. That operation now counts for a full year for the first time. The accounts now follow the abbreviated format, last year the micro format.
- 2022 Net result +855%, Equity +442%, Total assets +65% on 2021. Merger absorbing H. EN F. BRION, effective 12-05-2022.