CleverSystems
ActiveSummary
CleverSystems has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,270 and a net result of €5,803. Equity has been growing by about 79% per year since 2019. Its solvency ranks better than 85% of 4,342 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-06-2010 Normal situation
- Activity
- Other professional, scientific and technical activities NACE 74999
- Establishment unit
- 2.190.424.702 1300 Wavre, since 15-06-2010
- Financial year end
- 30 September
- Peppol
- Reachable since 22-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €12,197
- ▲ 5.0%
- Turnover
- ≈ €73,000
- estimated
- Profit
- €5,803
- ▼ 23.2%
- Equity
- €34,270
- ▲ 20.4%
- Total assets
- €40,950
- ▲ 18.8%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateSize: total assets €40,950lowers riskLiquidity: current ratio 5.59, cash €17,896Equity €34,270 (83.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 88% of them on solvency, 91% on liquidity, 62% on profitability and 66% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00135458.
Annual accounts 2025 filed on 31-05-2026 PDF all 15 filings
Every figure per financial year
The operating result for 2025 is 21% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €8,900 | - |
| Depreciation and write-downs of the year | - | - | - | €228 | €2,966 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €228 | €2,966 | ▲ 13× |
| Other operating charges640/8 | - | - | €20 | €522 | €455 | €552 | €719 | ▲ 30.1% |
| Gross operating margin9900 | -€465 | €5,151 | €3,182 | €8,207 | €13,353 | €11,622 | €12,197 | ▲ 5.0% |
| Operating profit (loss)9901 | -€726 | €2,443 | €3,162 | €7,685 | €12,898 | €10,842 | €8,512 | ▼ 21.5% |
| Financial income75/76B | - | - | - | - | €592 | €597 | €992 | ▲ 66.0% |
| Recurring financial income75 | - | - | - | - | €592 | €597 | €992 | ▲ 66.0% |
| Financial charges65/66B | - | - | €46 | €132 | €97 | €45 | €149 | ▲ 230% |
| Recurring financial charges65 | - | €38 | €46 | €132 | €97 | €45 | €149 | ▲ 230% |
| Profit (loss) for the period before taxes9903 | -€726 | €2,405 | €3,115 | €7,553 | €13,393 | €11,394 | €9,355 | ▼ 17.9% |
| Income taxes67/77 | - | - | - | - | €1,515 | €3,841 | €3,553 | ▼ 7.5% |
| Profit (loss) for the period9904 | -€726 | €2,405 | €3,115 | €7,553 | €11,878 | €7,553 | €5,803 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | -€726 | €2,405 | €3,115 | €7,553 | €11,878 | €7,553 | €5,803 | ▼ 23.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2,879 | €1,796 | €4,516 | €20,002 | €25,659 | €34,459 | €40,950 | ▲ 18.8% |
| Fixed assets21/28 | - | - | - | - | - | €8,672 | €5,706 | ▼ 34.2% |
| Tangible fixed assets22/27 | - | - | - | - | - | €8,672 | €5,706 | ▼ 34.2% |
| Furniture and vehicles24 | - | - | - | - | - | €8,672 | €5,706 | ▼ 34.2% |
| Current assets29/58 | €2,879 | €1,796 | €4,516 | €20,002 | €25,659 | €25,786 | €35,244 | ▲ 36.7% |
| Stocks and contracts in progress3 | €2,300 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €493 | €1,669 | €4,241 | €18,548 | €23,578 | €19,731 | €17,101 | ▼ 13.3% |
| Trade receivables40 | - | - | €896 | - | €1,725 | €450 | - | - |
| Other amounts receivable41 | - | - | €3,345 | €18,548 | €21,853 | €19,281 | €17,101 | ▼ 11.3% |
| Cash at bank and in hand54/58 | - | €126 | €275 | €1,408 | €2,031 | €6,003 | €17,896 | ▲ 198% |
| Deferred charges and accrued income490/1 | - | - | - | €45 | €51 | €52 | €247 | ▲ 376% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2,879 | €1,796 | €4,516 | €20,002 | €25,659 | €34,459 | €40,950 | ▲ 18.8% |
| Equity10/15 | -€4,038 | -€1,633 | €1,483 | €9,036 | €20,914 | €28,467 | €34,270 | ▲ 20.4% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | - | - | - | - | €2,300 | €9,800 | €15,550 | ▲ 58.7% |
| Distributable reserves133 | - | - | - | - | €2,300 | €9,800 | €15,550 | ▲ 58.7% |
| Profit (loss) carried forward14 | -€22,638 | -€20,233 | -€17,117 | -€9,564 | €14 | €67 | €120 | ▲ 78.6% |
| Amounts payable17/49 | €6,918 | €3,428 | €3,033 | €10,966 | €4,745 | €5,992 | €6,680 | ▲ 11.5% |
| Amounts payable within one year42/48 | €6,918 | €3,108 | €2,380 | €10,166 | €2,957 | €5,538 | €6,301 | ▲ 13.8% |
| Trade debts44 | €1,552 | €1,406 | €2,380 | €10,166 | €1,442 | €1,698 | €2,050 | ▲ 20.8% |
| Suppliers440/4 | - | - | €2,380 | €10,166 | €1,442 | €1,698 | €2,050 | ▲ 20.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €1,515 | €3,841 | €2,053 | ▼ 46.6% |
| Taxes450/3 | - | - | - | - | €1,515 | €3,841 | €2,053 | ▼ 46.6% |
| Other amounts payable47/48 | - | - | - | - | - | - | €2,199 | - |
| Accrued charges and deferred income492/3 | - | - | €653 | €800 | €1,788 | €453 | €379 | ▼ 16.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€726 | €2,405 | €3,115 | €7,553 | €11,878 | €7,553 | €5,803 | ▼ 23.2% |
| + Depreciation and write-downs630 | - | - | - | - | - | €228 | €2,966 | ▲ 13× |
| Operating cash flow (approximation) | -€726 | €2,405 | €3,115 | €7,553 | €11,878 | €7,781 | €8,769 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | - |
| Change in cash | - | - | €149 | €1,133 | €623 | €3,972 | €11,893 | ▲ 199% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as CleverSystems has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CleverSystems itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for CleverSystems. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 31-05-2026 | 2026-00135458 | |
| 30-09-2024 | micro format | 26-05-2025 | 2025-00109884 | |
| 30-09-2023 | micro format | 30-05-2024 | 2024-00103402 | |
| 30-09-2022 | micro format | 04-05-2023 | 2023-00079111 | |
| 30-09-2021 | micro format | 31-05-2022 | 2022-20039203 | |
| 30-09-2020 | micro format | 26-05-2021 | 2021-15100266 | |
| 30-09-2019 | micro format | 18-05-2020 | 2020-12200505 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11200395 | |
| 30-09-2017 | micro format | 23-03-2018 | 2018-07500055 | |
| 30-09-2016 | full format | 24-05-2017 | 2017-13000022 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
CleverSystems shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of CleverSystems. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25055D0522/00E000 | Wallonia | 1,362 m² | 1 · 147 m² | 9.6 m · 2 |