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Complete company report
Generated 13-08-2026
Active BE 0714.925.038Int'l non-profit association

ClientEarth

Troonstraat 60 ·1050 Elsene, Belgium· 7 yrs active
Sector: Verenigingen op het vlak van milieu en mobiliteit (94994)
Conclusion Checked

The computed 12-month bankruptcy probability of ClientEarth is < 0.1% (very low). The 2023 annual accounts show equity of €1.30M and a net result of €132k. Equity is growing by ~84.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 73 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €1.30M
Net result €132k
Staff (FTE) 59.5
Better than sector 55%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health93Profitability51Solvency89Growth78Stability100
82 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 51
Solvency 89
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
93 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 22-07-2024 with the NBB · fiscal year 2023 · volledig
€-500k€0€500k€1.00MOperating result 2019: €711€711Operating result 2020: €-1k€-1kNet result 2020: €2k€2kOperating result 2021: €39k€39kNet result 2021: €39k€39kOperating result 2022: €1.13M€1.13MNet result 2022: €1.13M€1.13MOperating result 2023: €134k€134kNet result 2023: €132k€132k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~84.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M€4.00M2024: €1.92M (€1.58M - €2.26M)2025: €2.43M (€1.89M - €2.97M)2026: €2.94M (€2.19M - €3.68M)2020: €2k2021: €40k2022: €1.17M2023: €1.30M2020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 94 · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 51.0% 48.8%
better than 55% of 73 sector peers
Net result €132k €13k
better than 81% of 73 sector peers
Equity €1.30M €496k
better than 75% of 73 sector peers
Gross operating margin €5.70M €644k
better than 95% of 74 sector peers
Staff costs €5.36M €675k
higher than 95% of 64 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€180k
-84.3% 19-23
Net profit
€132k
-88.3% 19-23
Cash flow
€179k
-84.3% 19-23
Total assets
€2.55M
+12.8% 19-23
Equity
€1.30M
+11.3% 19-23
Working capital
€887k
-14.1% 19-23
Employees (FTE)
60
+14.4% 19-23
Staff costs
€5.36M
+22.0% 19-23
Debt
€1.25M
+14.5% 19-23
Debt ≤ 1y
€1.25M
+14.5% 19-23
Debt > 1y
€1k
0.0% 19-23
Current ratio
1.71
-12.1% 19-23
Quick ratio
1.71
-12.1% 19-23
Solvency
51.0%
-1.3% 19-23
Debt / equity
0.96
+2.8% 19-23
ROE
10.2%
-89.5% 19-23
ROA
5.2%
-89.6% 19-23
Interest coverage
118.83
-66.8% 19-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA€180k
Net profit€132k
Cash flow€179k
Staff costs€5.36M
Income taxes-
Dividends-
Total assets€2.55M
Equity€1.30M
Debt€1.25M
of which ≤ 1y€1.25M
of which > 1y-
Working capital€887k
Employees (FTE)59.5
Ratios (computed)
2023
Current ratio1.71
Quick ratio1.71
Working capital ratio34.8%
Solvency51.0%
Debt / equity0.96
Long-term debt ratio-
Interest coverage118.83
Gross margin-
Net margin-
ROA5.2%
ROE10.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€2.55M
Fixed assets 21/28€413k
Tangible fixed assets 22/27€360k
Financial fixed assets 28€53k
Current assets 29/58€2.13M
Amounts receivable within one year 40/41€1.27M
Cash & bank 54/58€851k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.55M
Equity 10/15€1.30M
Accumulated profits (losses) 14€1.30M
Amounts payable 17/49€1.25M
Amounts payable within one year 42/48€1.25M
Trade debts payable within one year 44€598k
Income statement
Gross operating margin 9900€5.70M
Operating result 9901€134k
Financial charges 65€2k
Result before taxes 9903€132k
Net result for the period 9904€132k
Result to be appropriated 9905€132k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 5 directors
Directors derived from a single State Gazette act, under verification
All 4 current directors first appear in the same act (24146388). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Adam WEISS
    Director (executive)
    State Gazette act 24146388 (10-10-2024)
    Current
    13-06-2024 → present
  • Anaïs Berthier
    Director (executive)
    State Gazette act 24146388 (10-10-2024)
    Current
    13-06-2024 → present
  • Peter GIJBELS
    Director (executive)
    State Gazette act 24146388 (10-10-2024)
    Current
    13-06-2024 → present
  • Maria KLEIS-WALRAVENS
    Director (executive)
    State Gazette act 24146388 (10-10-2024)
    Current
    16-05-2022 → present
    2 events
    • 13-06-2024 Appointed· Director (executive)
    • 16-05-2022 Appointed· Chair
Former directors (1)
  • James Thomton
    Chair
    State Gazette act 22148529 (15-12-2022)
    Former
    - → 16-05-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Verenigingen op het vlak van milieu en mobiliteit(94994)
Legal form Int'l non-profit association(125)
Incorporation29-11-2018
StatusActive
Postal code1050
Establishment units 1 location
ClientEarth
Troonstraat 60, 1050 ElseneVerenigingen op het vlak van milieu en mobiliteit
since 20192.287.098.167
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21442A0009/00X007 Brussels 1,034 m² - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
10-10-2024
State Gazette act Director changes
22-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
24-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
15-12-2022
State Gazette act Director changes
14-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
08-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
09-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2024
10-10-2024 4 directors appointed Director changes
  • Anaïs Berthier, Directeur
  • Maria KLEIS-WALRAVENS, Directeur
  • Adam WEISS, Directeur
  • Peter GIJBELS, Directeur
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2022
15-12-2022 1 director appointed, 1 resigning Director changes
  • Maria Kleis-Walravens, Voorzitter
  • James Thomton, Voorzitter
Technical details 
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      "kind": "decharge_granted",
      "role": "delegated_bestuurder",
      "person": {
        "rrn": null,
        "name": "Ines Vandevelde",
        "address": null,
        "birth_date": null,
        "profession": "avocat",
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": null,
        "name": "Claeys \u0026 Engels",
        "address": "Boulevard du Souverain 280, 1160 Bruxelles",
        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Le Conseil d\u00E9cide de donner procuration \u00E0 Ma\u00EEtre Jan Van Gysegem et Ma\u00EEtre Ines Vandevelde, avocats Claeys \u0026 Engels",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-12-15",
    "filing_date": "2022-12-07",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "conseil_d_administration",
      "date": "2022-05-16",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0714.925.038",
    "name_full": "ClienEarth",
    "legal_form": "ASBL"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Claeys \u0026 Engels",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Verenigingen op het vlak van milieu en mobiliteit94994Verenigingen op het vlak van milieu en mobiliteit94994
Primary activity highlighted.
Names & trade names
Legal nameFR ClientEarth
Registered office
Troonstraat 60 bus 11
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Comparable size · 28 of 485 companies in this sector with filed accounts
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TOURNESOL-ZONNEBLOEM - ZONNEBLOEM TOURNESOL BE 0431.921.303 · Watermaal-Bosvoorde
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative