CLEOSA
ActiveSummary
The computed 12-month bankruptcy probability of CLEOSA is 3.4% (moderate). The 2025 annual accounts show negative equity (-€2,656) and a net result of -€1,187. Equity is shrinking by ~54.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 10485 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-61
Solvency0▼-4
Growth42▼-16
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.79 in 2024; short-term debt: 135.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-35.6%
Return on assets
-15.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€2,656
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
23 d late
2023
31 d late
2022
32 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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, abbreviated schema
Turnover
€23,228▼ 7.1%
2024 · €25,009
EBIT margin
-2.0%▼ 11.3pp
2024 · 9.3%
Net result
-€1,187
2024 · €1,464
Working capital
-€2,700▼ 51.6%
2024 · -€1,781
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
Turnover€25,009€23,228▼ 7.1%
Operating result-€1,214--€918▲ 24.3%-€2,348▼ 156%€2,319-€469
Net result-€1,340--€988▲ 26.3%-€2,605▼ 164%€1,464-€1,187
EBIT margin9.3%-2.0%▼ 11.3pp
Equity€660--€327-€2,933▼ 796%-€1,469▲ 49.9%-€2,656▼ 80.8%
Total assets€6,555-€5,288▼ 19.3%€4,382▼ 17.1%€7,134▲ 62.8%€7,467▲ 4.7%
Debt€5,894-€5,615▼ 4.7%€7,314▲ 30.3%€8,603▲ 17.6%€10,123▲ 17.7%
Working capital-€453--€1,173▼ 159%-€3,511▼ 199%-€1,781▲ 49.3%-€2,700▼ 51.6%
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 turns negative in 2025: a loss of €469 after €2,319 in 2024.
Key figures and ratios
EBITDA
-€202▼
2024 · €2,585
Cash flow
-€920▼
2024 · €1,730
Solvency
-35.6%▼
2024 · -20.6%
Current ratio
0.73▼
2024 · 0.79
Quick ratio
0.07▼
2024 · 0.08
Debt to equity
-3.81▲
2024 · -5.86
ROA
-15.9%▼
2024 · 20.5%
Interest coverage
-0.28▼
2024 · 3.02
Debt ≤ 1 year
€10,123▲
2024 · €8,603
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €25,009 | €23,228 | ▼ 7.1% |
| Goods, raw materials, services and sundry goods60/61 | €1,831 | - | - | €21,708 | €24,956 | ▲ 15.0% |
| Remuneration, social security and pensions62 | €0 | €0 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €224 | €268 | €268 | €266 | €267 | ▲ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €207 | €1,032 | €288 | -€1,526 | ▼ 630% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €348 | €348 | €384 | €428 | €0 | ▼ 100% |
| Gross operating margin9900 | -€642 | -€97 | -€664 | €3,301 | -€1,728 | ▼ 152% |
| Operating profit (loss)9901 | -€1,214 | -€918 | -€2,348 | €2,319 | -€469 | ▼ 120% |
| Financial income75/76B | - | - | - | - | €6 | - |
| Recurring financial income75 | - | - | - | - | €6 | - |
| Financial charges65/66B | €126 | €69 | €257 | €855 | €724 | ▼ 15.3% |
| Recurring financial charges65 | €126 | €69 | €257 | €855 | €724 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | -€1,340 | -€988 | -€2,605 | €1,464 | -€1,187 | ▼ 181% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€1,340 | -€988 | -€2,605 | €1,464 | -€1,187 | ▼ 181% |
| Profit (loss) for the period to be appropriated9905 | -€1,340 | -€988 | -€2,605 | €1,464 | -€1,187 | ▼ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,555 | €5,288 | €4,382 | €7,134 | €7,467 | ▲ 4.7% |
| Formation expenses20 | €1,114 | €846 | €578 | €312 | €44 | ▼ 85.9% |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Current assets29/58 | €5,441 | €4,442 | €3,803 | €6,822 | €7,423 | ▲ 8.8% |
| Stocks and contracts in progress3 | €4,132 | €3,917 | €2,712 | €6,107 | €6,750 | ▲ 10.5% |
| Stocks30/36 | €4,132 | €3,917 | €2,712 | €6,107 | €6,750 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €951 | €256 | €29 | €24 | €125 | ▲ 421% |
| Trade receivables40 | €811 | €207 | €29 | €24 | €125 | ▲ 421% |
| Other amounts receivable41 | €139 | €49 | - | - | - | - |
| Current investments50/53 | - | - | - | €691 | €548 | ▼ 20.7% |
| Cash at bank and in hand54/58 | €358 | €269 | €1,062 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,555 | €5,288 | €4,382 | €7,134 | €7,467 | ▲ 4.7% |
| Equity10/15 | €660 | -€327 | -€2,933 | -€1,469 | -€2,656 | ▼ 80.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€1,340 | -€2,327 | -€4,933 | -€3,469 | -€4,656 | ▼ 34.2% |
| Amounts payable17/49 | €5,894 | €5,615 | €7,314 | €8,603 | €10,123 | ▲ 17.7% |
| Amounts payable within one year42/48 | €5,894 | €5,615 | €7,314 | €8,603 | €10,123 | ▲ 17.7% |
| Trade debts44 | €1,100 | €524 | €391 | €519 | €201 | ▼ 61.3% |
| Suppliers440/4 | €1,100 | €524 | €391 | €519 | €201 | ▼ 61.3% |
| Advances received on contracts in progress46 | €47 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €64 | €364 | €875 | €1,411 | ▲ 61.3% |
| Taxes450/3 | - | €64 | €364 | €875 | €1,411 | ▲ 61.3% |
| Other amounts payable47/48 | €4,747 | €5,027 | €6,559 | €7,209 | €8,511 | ▲ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,340 | -€988 | -€2,605 | €1,464 | -€1,187 | ▼ 181% |
| + Depreciation and write-downs630 | €224 | €268 | €268 | €266 | €267 | ▲ 0.4% |
| Operating cash flow (approximation) | -€1,115 | -€720 | -€2,338 | €1,730 | -€920 | ▼ 153% |
| Change in cash | - | -€89 | €793 | - | - | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Back to profitnet €1,464
Net result €1,464 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€2,605
Net result drops to -€2,605, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Virton · 1 establishment unit since 2021
Ground area
426 m²
Building footprint
388 m²
Volume, LiDAR
1,895 m³
Parcel 85010C0983/00F003, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CLEOSA SRL
since 20212.314.331.116
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85010C0983/00F003 | Wallonia | 426 m² | 1 · 388 m² | 7.7 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 12,956 companies in sector 47120 we hold annual accounts for 2,192. 335 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
Founded05-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764715039
Registered
15-03-2021
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.