CLICTELIA
ActiveSummary
CLICTELIA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€97,946. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-16
Solvency51▼-31
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.84 in 2024; short-term debt: 74.1% and cash: 58.1% of total assets), and 74.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
25.7%
Return on assets
-1.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
29 d late
2023
14 d early
2022
39 d early
2021
37 d early
2020
19 d late
2019
88 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€11.4m
EBIT margin
-0.3%
Net result
-€97,946
2024 · €3,082
Working capital
€1.1m▲ 103%
2024 · €549,028
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€11.4m
Operating result€500,541▲ 268%€378,903▼ 24.3%€223,796▼ 40.9%€23,047▼ 89.7%-€30,504
Net result€463,017within the sector's middle half▲ 250%€272,560within the sector's middle half▼ 41.1%€165,607within the sector's middle half▼ 39.2%€3,082within the sector's middle half▼ 98.1%-€97,946below the sector's middle half
EBIT margin-0.3%
Equity€1.2mwithin the sector's middle half▲ 66.2%€733,764within the sector's middle half▼ 36.9%€899,372within the sector's middle half▲ 22.6%€902,453within the sector's middle half▲ 0.3%€1.6mwithin the sector's middle half▲ 79.0%
Total assets€2.2mwithin the sector's middle half▲ 64.7%€1.8mwithin the sector's middle half▼ 17.2%€2.5mwithin the sector's middle half▲ 35.4%€1.6mwithin the sector's middle half▼ 36.2%€6.3mwithin the sector's middle half▲ 298%
Debt€1.0m▲ 63.2%€1.1m▲ 4.8%€1.6m▲ 44.0%€675,285▼ 57.1%€4.7m▲ 591%
Working capital€889,627within the sector's middle half▲ 88.7%€312,577within the sector's middle half▼ 64.9%€379,694within the sector's middle half▲ 21.5%€549,028within the sector's middle half▲ 44.6%€1.1mwithin the sector's middle half▲ 103%
Solvency52.7%within the sector's middle half▲ 0.5pp40.1%within the sector's middle half▼ 12.5pp36.3%within the sector's middle half▼ 3.8pp57.2%within the sector's middle half▲ 20.9pp25.7%within the sector's middle half▼ 31.5pp
Current ratio1.85within the sector's middle half▲ 0.121.29within the sector's middle half▼ 0.561.25within the sector's middle half▼ 0.051.84within the sector's middle half▲ 0.591.24within the sector's middle half▼ 0.60
Return on assets (ROA)21.0%above the sector's middle half▲ 11.1pp14.9%above the sector's middle half▼ 6.1pp6.7%within the sector's middle half▼ 8.2pp0.2%within the sector's middle half▼ 6.5pp-1.6%below the sector's middle half▼ 1.8pp
Staff (FTE)7.4within the sector's middle half▲ 19.4%8.2within the sector's middle half▲ 10.8%11.6within the sector's middle half▲ 41.5%13.6within the sector's middle half▲ 17.2%27.3within the sector's middle half▲ 101%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 €30,504 after €23,047 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.3m
Fixed assets
€513,544 ▲ 37.2%
Current assets
€5.8m ▲ 379%
Equity and liabilities €6.3m
Equity
€1.6m ▲ 79.0%
Debt
€4.7m ▲ 591%
Debt's share of the balance-sheet total rises from 42.8% to 74.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195,935▼
2024 · €202,538
Cash flow
€128,493▼
2024 · €182,573
Debt to equity
2.89▲
2024 · 0.75
ROE
-6.1%▼
2024 · 0.3%
Interest coverage
7.83▼
2024 · 97.74
Debt ≤ 1 year
€4.7m▲
2024 · €654,542
Debt > 1 year
€11,257▼
2024 · €20,743
Income taxes
€25,790▲
2024 · €17,954
Staff costs
€1.6m▲
2024 · €793,239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
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 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 1,422 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €11.6m | - |
| Turnover70 | - | - | - | - | €11.4m | - |
| Other operating income74 | - | - | - | - | €227,244 | - |
| Operating charges60/66A | - | - | - | - | €11.7m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €7.1m | - |
| Purchases600/8 | - | - | - | - | €7.1m | - |
| Services and other goods61 | - | - | - | - | €2.8m | - |
| Remuneration, social security and pensions62 | €425,033 | €503,738 | €671,251 | €793,239 | €1.6m | ▲ 98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95,143 | €103,200 | €193,163 | €179,491 | €226,439 | ▲ 26.2% |
| Other operating charges640/8 | €1,764 | €1,825 | €4,760 | €1,920 | €7,681 | ▲ 300% |
| Non-recurring operating charges66A | - | €42,000 | - | - | - | - |
| Gross operating margin9900 | €1.0m | €1.0m | €1.1m | €997,697 | - | - |
| Operating profit (loss)9901 | €500,541 | €378,903 | €223,796 | €23,047 | -€30,504 | ▼ 232% |
| Financial income75/76B | €759 | €428 | €625 | €61 | €15,069 | ▲ 24,619% |
| Recurring financial income75 | €759 | €428 | €625 | €61 | €15,069 | ▲ 24,619% |
| Income from current assets751 | - | - | - | - | €2,633 | - |
| Other financial income752/9 | - | - | - | - | €12,436 | - |
| Financial charges65/66B | €2,630 | €4,280 | €1,666 | €2,072 | €56,721 | ▲ 2,637% |
| Recurring financial charges65 | €2,630 | €4,280 | €1,665 | €2,072 | €56,721 | ▲ 2,637% |
| Debt charges650 | - | - | - | - | €25,023 | - |
| Other financial charges652/9 | - | - | - | - | €31,698 | - |
| Non-recurring financial charges66B | - | - | €1 | - | - | - |
| Profit (loss) for the period before taxes9903 | €498,671 | €375,051 | €222,755 | €21,036 | -€72,156 | ▼ 443% |
| Income taxes67/77 | €35,654 | €102,491 | €57,148 | €17,954 | €25,790 | ▲ 43.6% |
| Taxes670/3 | - | - | - | - | €25,790 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €463,017 | €272,560 | €165,607 | €3,082 | -€97,946 | ▼ 3,278% |
| Profit (loss) for the period to be appropriated9905 | €463,017 | €272,560 | €165,607 | €3,082 | -€97,946 | ▼ 3,278% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €1.8m | €2.5m | €1.6m | €6.3m | ▲ 298% |
| Formation expenses20 | - | - | - | - | €205 | - |
| Fixed assets21/28 | €272,977 | €444,497 | €552,911 | €374,169 | €513,544 | ▲ 37.2% |
| Intangible fixed assets21 | €270,197 | €421,129 | €497,048 | €345,879 | €481,785 | ▲ 39.3% |
| Tangible fixed assets22/27 | - | €20,588 | €53,083 | €24,761 | €24,082 | ▼ 2.7% |
| Plant, machinery and equipment23 | - | - | - | - | €8,673 | - |
| Furniture and vehicles24 | - | €20,588 | €53,083 | €24,761 | €15,409 | ▼ 37.8% |
| Financial fixed assets28 | €2,780 | €2,780 | €2,780 | €3,528 | €7,676 | ▲ 118% |
| Other financial fixed assets284/8 | - | - | - | - | €7,676 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €7,676 | - |
| Current assets29/58 | €1.9m | €1.4m | €1.9m | €1.2m | €5.8m | ▲ 379% |
| Stocks and contracts in progress3 | €14,000 | - | - | - | - | - |
| Stocks30/36 | €14,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €169,227 | €221,285 | €229,237 | €259,580 | €2.1m | ▲ 703% |
| Trade receivables40 | €169,227 | €121,285 | €229,237 | €259,580 | €1.7m | ▲ 541% |
| Other amounts receivable41 | - | €100,000 | - | - | €422,202 | - |
| Cash at bank and in hand54/58 | €1.7m | €1.2m | €1.7m | €931,276 | €3.7m | ▲ 292% |
| Deferred charges and accrued income490/1 | €3,782 | €994 | €7,799 | €12,715 | €29,561 | ▲ 132% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €1.8m | €2.5m | €1.6m | €6.3m | ▲ 298% |
| Equity10/15 | €1.2m | €733,764 | €899,372 | €902,453 | €1.6m | ▲ 79.0% |
| Contributions10/11 | €1.2m | €542,200 | €542,200 | €542,200 | €571,374 | ▲ 5.4% |
| Capital10 | €1.2m | €542,200 | €542,200 | €542,200 | €542,200 | = |
| Issued capital100 | €1.2m | €542,200 | €542,200 | €542,200 | €542,200 | = |
| Outside capital11 | - | - | - | - | €29,174 | - |
| Other1109/19 | - | - | - | - | €29,174 | - |
| Reserves13 | €40 | €40 | €40 | €40 | €782,200 | ▲ 1,955,400% |
| Non-distributable reserves130/1 | €40 | €40 | €40 | €40 | €40 | = |
| Legal reserve130 | €40 | €40 | €40 | €40 | €40 | = |
| Distributable reserves133 | - | - | - | - | €782,160 | - |
| Profit (loss) carried forward14 | -€81,036 | €191,524 | €357,132 | €360,213 | €262,267 | ▼ 27.2% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.6m | €675,285 | €4.7m | ▲ 591% |
| Amounts payable after more than one year17 | - | €23,310 | €33,234 | €20,743 | €11,257 | ▼ 45.7% |
| Financial debts170/4 | - | €23,310 | €33,234 | €20,743 | €11,257 | ▼ 45.7% |
| Credit institutions173 | - | - | - | - | €11,257 | - |
| Amounts payable within one year42/48 | €1.0m | €1.1m | €1.5m | €654,542 | €4.7m | ▲ 611% |
| Current portion of amounts payable after more than one year42 | - | - | €12,033 | €12,491 | €9,486 | ▼ 24.1% |
| Trade debts44 | €227,549 | €294,698 | €183,558 | €105,829 | €788,116 | ▲ 645% |
| Suppliers440/4 | €227,549 | €294,698 | €183,558 | €105,829 | €788,116 | ▲ 645% |
| Advances received on contracts in progress46 | €681,845 | €521,752 | €1.1m | €291,243 | €405,829 | ▲ 39.3% |
| Taxes, remuneration and social security45 | €134,999 | €254,527 | €215,321 | €244,980 | €537,054 | ▲ 119% |
| Taxes450/3 | €92,045 | €186,269 | €93,068 | €61,247 | €206,066 | ▲ 236% |
| Remuneration and social security454/9 | €42,954 | €68,258 | €122,253 | €183,733 | €330,988 | ▲ 80.1% |
| Other amounts payable47/48 | - | - | - | - | €2.9m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €463,017 | €272,560 | €165,607 | €3,082 | -€97,946 | ▼ 3,278% |
| + Depreciation and write-downs630 | €95,143 | €103,200 | €193,163 | €179,491 | €226,439 | ▲ 26.2% |
| Operating cash flow (approximation) | €558,160 | €375,761 | €358,770 | €182,573 | €128,493 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | -€274,720 | -€301,577 | -€748 | -€365,814 | ▼ 48,789% |
| Change in cash | - | -€585,735 | €523,485 | -€753,485 | €2.7m | ▲ 461% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €1mEq €1.6m ▲79%
Equity rises from €902,453 to €1.6m.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €463,017 ▲250%
Operating result €500,541, net result €463,017, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲66.2%
2 profitable years in a row build equity to €1.2m.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial
Back to profitnet €132,342
Net result €132,342 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet -€342,020
Net result drops to -€342,020, the lowest in the series; recovery starts the following year.
Show earlier events
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 36 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Nivelles · 1 establishment unit since 2011
Ground area
3,673 m²
Building footprint
1,895 m²
Volume, LiDAR
10,732 m³
Parcel 25099D0025/00V003, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Clictelia SA
since 20112.202.205.153
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0025/00V003 | Wallonia | 3,673 m² | 1 · 1,895 m² | 7.3 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 6,146 companies in sector 46190 we hold annual accounts for 2,576. 917 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
82300Organisation of conventions and trade shows
82910Office administrative, office support and other business support activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809950691
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.