CLIMAGROUP
ActiveSummary
The computed 12-month bankruptcy probability of CLIMAGROUP is 1.6% (moderate). The annual accounts of CLIMAGROUP for fiscal year 2025 show a net loss of 53% of total assets and of 493% of the equity at the start of that year. The 2025 annual accounts show equity of €231,534 and a net result of -€9.9m. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 8% of 7940 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 743 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 86% are still going.
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
- without size
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 743 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €14,445 | - |
| Remuneration, social security and pensions62 | - | €1.6m | €2.3m | €2.4m | €14.4m | ▲ 508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €127,572 | €136,308 | €106,424 | €31,710 | €1.1m | ▲ 3,263% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €34,674 | €97,321 | -€12,399 | -€285,044 | ▼ 2,199% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€5,514 | €162,085 | -€33,715 | €538,022 | ▲ 1,696% |
| Other operating charges640/8 | - | €1,743 | €2,903 | €4,855 | €131,641 | ▲ 2,612% |
| Non-recurring operating charges66A | - | - | - | €81,044 | €860,851 | ▲ 962% |
| Gross operating margin9900 | €1.7m | €1.8m | €3.1m | €1.9m | €7.0m | ▲ 268% |
| Operating profit (loss)9901 | €55,656 | €76,051 | €429,815 | -€529,987 | -€9.7m | ▼ 1,727% |
| Financial income75/76B | - | €51,597 | €49,420 | €62,631 | €19,597 | ▼ 68.7% |
| Recurring financial income75 | €60,255 | €51,597 | €49,420 | €62,631 | €19,597 | ▼ 68.7% |
| Financial charges65/66B | - | €851 | €4,402 | €12,497 | €186,902 | ▲ 1,396% |
| Recurring financial charges65 | €1,630 | €851 | €4,402 | €12,497 | €186,902 | ▲ 1,396% |
| Profit (loss) for the period before taxes9903 | €114,281 | €126,798 | €474,832 | -€479,853 | -€9.8m | ▼ 1,953% |
| Income taxes67/77 | €48,115 | €33,408 | €147,130 | -€1,640 | €14,102 | ▲ 960% |
| Profit (loss) for the period9904 | €66,166 | €93,390 | €327,703 | -€478,213 | -€9.9m | ▼ 1,963% |
| Profit (loss) for the period to be appropriated9905 | €66,166 | €93,390 | €327,703 | -€478,213 | -€9.9m | ▼ 1,963% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €3.4m | €5.8m | €4.4m | €18.8m | ▲ 325% |
| Formation expenses20 | - | - | - | - | €90,571 | - |
| Fixed assets21/28 | €279,175 | €162,781 | €84,701 | €216,091 | €653,706 | ▲ 203% |
| Intangible fixed assets21 | €208,089 | €88,960 | €6,026 | €4,418 | €78,882 | ▲ 1,685% |
| Tangible fixed assets22/27 | €71,086 | €73,821 | €78,675 | €211,673 | €574,704 | ▲ 172% |
| Land and buildings22 | - | €16,322 | €14,406 | - | €68,580 | - |
| Plant, machinery and equipment23 | - | €55,491 | €62,459 | €47,555 | €212,771 | ▲ 347% |
| Furniture and vehicles24 | - | €2,008 | €1,810 | €2,519 | €60,711 | ▲ 2,311% |
| Other tangible fixed assets26 | - | - | - | €161,599 | €232,642 | ▲ 44.0% |
| Financial fixed assets28 | - | - | - | - | €120 | - |
| Current assets29/58 | €2.4m | €3.3m | €5.7m | €4.2m | €18.0m | ▲ 329% |
| Amounts receivable after more than one year29 | - | - | - | - | €22,560 | - |
| Trade receivables290 | - | - | - | - | €22,560 | - |
| Stocks and contracts in progress3 | €189,739 | €661,603 | €1.0m | €1.4m | €10.0m | ▲ 623% |
| Stocks30/36 | - | €176,449 | €416,726 | €589,137 | €2.4m | ▲ 314% |
| Contracts in progress37 | - | €485,155 | €587,350 | €795,581 | €7.6m | ▲ 853% |
| Amounts receivable within one year40/41 | €2.2m | €2.6m | €4.7m | €2.8m | €7.8m | ▲ 177% |
| Trade receivables40 | - | €1.8m | €3.4m | €2.0m | €7.8m | ▲ 289% |
| Other amounts receivable41 | - | €815,855 | €1.3m | €814,702 | €26,131 | ▼ 96.8% |
| Cash at bank and in hand54/58 | €418 | €191 | €4,486 | €263 | €16,999 | ▲ 6,368% |
| Deferred charges and accrued income490/1 | - | €9,846 | €16,180 | €10,461 | €193,349 | ▲ 1,748% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €3.4m | €5.8m | €4.4m | €18.8m | ▲ 325% |
| Equity10/15 | €2.1m | €2.2m | €2.5m | €2.0m | €231,534 | ▼ 88.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €6.2m | ▲ 9,880% |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €6.1m | ▲ 9,692% |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €6.1m | ▲ 9,692% |
| Outside capital11 | - | - | - | - | €116,282 | - |
| Share premium1100/10 | - | - | - | - | €8,914 | - |
| Other1109/19 | - | - | - | - | €107,368 | - |
| Reserves13 | €2.0m | €2.1m | €2.4m | €1.9m | €5.1m | ▲ 163% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €153,229 | ▲ 2,371% |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €127,114 | ▲ 1,950% |
| Reserves not available under the articles1311 | - | - | - | - | €26,115 | - |
| Tax-exempt reserves132 | - | €48 | €48 | €48 | €53,756 | ▲ 112,502% |
| Distributable reserves133 | - | €2.1m | €2.4m | €1.9m | €4.9m | ▲ 153% |
| Profit (loss) carried forward14 | - | - | - | - | -€11.0m | - |
| Provisions and deferred taxes16 | €65,712 | €60,198 | €222,283 | €199,249 | €1.3m | ▲ 535% |
| Provisions for liabilities and charges160/5 | - | €60,198 | €222,283 | €199,249 | €1.3m | ▲ 535% |
| Other liabilities and charges164/5 | - | €60,198 | €222,283 | €199,249 | €1.3m | ▲ 535% |
| Amounts payable17/49 | €597,048 | €1.2m | €3.1m | €2.2m | €17.3m | ▲ 678% |
| Amounts payable after more than one year17 | - | - | - | - | €72,905 | - |
| Financial debts170/4 | - | - | - | - | €72,905 | - |
| Amounts payable within one year42/48 | €597,048 | €1.2m | €3.1m | €2.2m | €17.0m | ▲ 667% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €21,863 | - |
| Trade debts44 | €295,280 | €926,481 | €2.1m | €1.6m | €4.2m | ▲ 164% |
| Suppliers440/4 | - | €926,481 | €2.1m | €1.6m | €4.2m | ▲ 164% |
| Advances received on contracts in progress46 | - | €116,210 | €306,209 | €154,386 | €3.0m | ▲ 1,838% |
| Taxes, remuneration and social security45 | - | €167,460 | €699,206 | €458,803 | €1.9m | ▲ 313% |
| Taxes450/3 | - | €9,320 | €444,059 | €214,460 | €115,833 | ▼ 46.0% |
| Remuneration and social security454/9 | - | €158,140 | €255,146 | €244,343 | €1.8m | ▲ 628% |
| Other amounts payable47/48 | - | €1,049 | €1,800 | - | €7.9m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €167,647 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,166 | €93,390 | €327,703 | -€478,213 | -€9.9m | ▼ 1,963% |
| + Depreciation and write-downs630 | €127,572 | €136,308 | €106,424 | €31,710 | €1.1m | ▲ 3,263% |
| Operating cash flow (approximation) | €193,738 | €229,698 | €434,127 | -€446,504 | -€8.8m | ▼ 1,870% |
| Investment in fixed assets (approximation) | - | -€19,914 | -€28,345 | -€163,100 | -€1.5m | ▼ 822% |
| Change in cash | - | -€227 | €4,295 | -€4,223 | €16,736 | ▲ 496% |
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
24-07
State Gazette act
Registered office · Capital & shares · Statutes amendmentRegistered-office move · Capital increase · Capital decrease6 facts ▸
- General meeting, 24-06-2026
- Registered-office move, Kolmenstraat 1607, 3570 Alken
- Capital increase, €9.767.994
- Capital decrease, €11.047.694
- Statutes amendment, 5
- Auditor report, kapitaalverhoging middels inbreng in natura, opdrachtbrief van 12 mei 2026
About the unread acts
Of the 31 Belgian State Gazette acts we know for this company, 1 has been read. The other 30 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
7 establishment units
Show 1 more locations
7 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00K033 | Flanders | 3.4 ha | 1 · 4,766 m² | - |
| 73302C0113/00M000 | Flanders | 8,955 m² | 1 · 6,423 m² | 7.8 m · 2 fl. |
| 73302C0088/00F000 | Flanders | 6,739 m² | 1 · 2,845 m² | 7.5 m · 2 fl. |
| 12007C0074/00Z000 | Flanders | 3,732 m² | 1 · 1,352 m² | - |
| 71304D1198/00D023 | Flanders | 3,516 m² | 1 · 962 m² | 6.8 m · 2 fl. |
| 44054B1128/00A000 | Flanders | 3,322 m² | - | - |
| 25105B0357/00L004 | Wallonia | 1,595 m² | 1 · 624 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- Hasco
- Climagroup Holding
- CLIMAGROUP
Highest known parent: Hasco. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
- Climagroup Holding 475,122 shares · 9,767,994 EUR in kind
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-07-2026 Capital increase of 9,767,994 EUR · to 15,946,503.80 EUR · 475,122 new shares · in kind
- 24-07-2026 Capital reduction of 11,047,694 EUR · to 4,898,809.80 EUR · “afschrijving van de geleden verliezen”
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,981 EUR awarded · 1,981 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 1,129 EUR |
| 2024 | 1 | 1,129 EUR | 0 EUR |
| 2023 | 1 | 852 EUR | 852 EUR |
Recognitions · licences · registrations
Recognised contractor
8 categoriesSimilar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.