CLIPEX
ActiveSummary
CLIPEX has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€10,184. Equity is growing by ~25.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-32
Solvency100=
Growth78=
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
short-term debt: 0.2% and cash: 21.6% of total assets, and 24.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
75.7%
Return on assets
-0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
2 d early
2022
18 d early
2021
18 d early
2020
27 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.3m▼ 0.8%
2024 · €1.3m
Total assets
€1.7m▼ 1.0%
2024 · €1.7m
Net result
-€10,184
2024 · €657,425
Working capital
€370,019▼ 0.2%
2024 · €370,653
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
Operating result€784,740-€25,191-€44,251▼ 75.7%€877,125-€19,662
Net result€549,351-€21,932-€36,309▼ 65.6%€657,425-€10,184
Equity€675,426▲ 366%€653,494▼ 3.2%€617,184▼ 5.6%€1.3m▲ 107%€1.3m▼ 0.8%
Total assets€891,424▲ 314%€855,041▼ 4.1%€811,223▼ 5.1%€1.7m▲ 108%€1.7m▼ 1.0%
Debt€13,451▼ 80.9%€2,750▼ 79.6%€2,986▲ 8.6%€640▼ 78.6%€2,511▲ 292%
Working capital€457,613€144,548▼ 68.4%€134,583▼ 6.9%€370,653▲ 175%€370,019▼ 0.2%
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 €19,662 after €877,125 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.3m ▼ 1.4%
Current assets
€372,530 ▲ 0.3%
Equity and liabilities €1.7m
Equity
€1.3m ▼ 0.8%
Provisions
€402,414 ▼ 2.1%
Debt
€2,511 ▲ 292%
Debt's share of the balance-sheet total rises from 0.0% to 0.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22,042▼
2024 · €897,820
Cash flow
€31,520▼
2024 · €678,120
Debt to equity
0.00▲
2024 · 0.00
ROE
-0.8%▼
2024 · 51.6%
ROA
-0.6%▼
2024 · 39.0%
Interest coverage
54.86▼
2024 · 2100.95
Debt ≤ 1 year
€2,511▲
2024 · €640
A ratio outside any meaningful range has been withheld (balance sheet total €1.7m, equity €1.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% 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 497,058 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 8,594 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,191 | €19,328 | €35,504 | €20,695 | €41,704 | ▲ 102% |
| Other operating charges640/8 | €11,200 | €1,996 | €3,207 | €3,286 | €4,875 | ▲ 48.4% |
| Gross operating margin9900 | €803,131 | -€3,868 | -€5,541 | €901,106 | €26,917 | ▼ 97.0% |
| Operating profit (loss)9901 | €784,740 | -€25,191 | -€44,251 | €877,125 | -€19,662 | ▼ 102% |
| Financial income75/76B | €96 | €348 | - | €721 | €1,249 | ▲ 73.2% |
| Recurring financial income75 | €96 | €348 | - | €721 | €1,249 | ▲ 73.2% |
| Financial charges65/66B | €32,938 | €838 | -€196 | €427 | €402 | ▼ 6.0% |
| Recurring financial charges65 | €32,938 | €838 | -€196 | €427 | €402 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €751,898 | -€25,682 | -€44,055 | €877,419 | -€18,815 | ▼ 102% |
| Transfer from deferred taxes780 | €715 | €3,749 | €7,746 | €4,032 | €8,631 | ▲ 114% |
| Transfer to deferred taxes680 | €203,263 | - | - | €224,025 | - | - |
| Profit (loss) for the period9904 | €549,351 | -€21,932 | -€36,309 | €657,425 | -€10,184 | ▼ 102% |
| Transfer from tax-exempt reserves789 | €2,146 | €11,248 | €23,238 | €12,095 | €25,893 | ▲ 114% |
| Transfer to tax-exempt reserves689 | €609,788 | - | - | €672,076 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€58,291 | -€10,684 | -€13,071 | -€2,556 | €15,709 | ▲ 715% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €891,424 | €855,041 | €811,223 | €1.7m | €1.7m | ▼ 1.0% |
| Fixed assets21/28 | €420,360 | €707,743 | €673,653 | €1.3m | €1.3m | ▼ 1.4% |
| Tangible fixed assets22/27 | €420,236 | €707,619 | €673,529 | €1.3m | €1.3m | ▼ 1.4% |
| Land and buildings22 | €223,810 | €707,619 | €672,768 | €1.3m | €1.3m | ▼ 2.1% |
| Plant, machinery and equipment23 | - | - | €762 | €2,162 | €1,662 | ▼ 23.1% |
| Furniture and vehicles24 | - | - | - | - | €9,239 | - |
| Assets under construction and advance payments27 | €196,426 | - | - | - | - | - |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €471,064 | €147,298 | €137,569 | €371,293 | €372,530 | ▲ 0.3% |
| Amounts receivable within one year40/41 | - | €18,150 | €21,656 | €13,599 | €11,188 | ▼ 17.7% |
| Trade receivables40 | - | €18,150 | €18,557 | - | €333 | - |
| Other amounts receivable41 | - | - | €3,099 | €13,599 | €10,855 | ▼ 20.2% |
| Cash at bank and in hand54/58 | €471,064 | €129,069 | €115,825 | €357,601 | €361,244 | ▲ 1.0% |
| Deferred charges and accrued income490/1 | - | €80 | €88 | €93 | €98 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €891,424 | €855,041 | €811,223 | €1.7m | €1.7m | ▼ 1.0% |
| Equity10/15 | €675,426 | €653,494 | €617,184 | €1.3m | €1.3m | ▼ 0.8% |
| Contributions10/11 | €357,689 | €357,689 | €357,689 | €357,689 | €357,689 | = |
| Capital10 | €264,676 | €264,676 | €264,676 | €264,676 | €264,676 | = |
| Issued capital100 | €264,676 | €264,676 | €264,676 | €264,676 | €264,676 | = |
| Outside capital11 | €93,013 | €93,013 | €93,013 | €93,013 | €93,013 | = |
| Share premium1100/10 | €93,013 | €93,013 | €93,013 | €93,013 | €93,013 | = |
| Reserves13 | €624,375 | €613,126 | €589,888 | €1.2m | €1.2m | ▼ 2.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | €607,642 | €596,394 | €573,155 | €1.2m | €1.2m | ▼ 2.1% |
| Distributable reserves133 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Profit (loss) carried forward14 | -€306,638 | -€317,322 | -€330,393 | -€332,949 | -€317,240 | ▲ 4.7% |
| Provisions and deferred taxes16 | €202,547 | €198,798 | €191,052 | €411,045 | €402,414 | ▼ 2.1% |
| Deferred taxes168 | €202,547 | €198,798 | €191,052 | €411,045 | €402,414 | ▼ 2.1% |
| Amounts payable17/49 | €13,451 | €2,750 | €2,986 | €640 | €2,511 | ▲ 292% |
| Amounts payable within one year42/48 | €13,451 | €2,750 | €2,986 | €640 | €2,511 | ▲ 292% |
| Trade debts44 | €1,689 | €2,550 | €2,204 | - | - | - |
| Suppliers440/4 | €1,689 | €2,550 | €2,204 | - | - | - |
| Other amounts payable47/48 | €11,761 | €200 | €782 | €640 | €2,511 | ▲ 292% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €549,351 | -€21,932 | -€36,309 | €657,425 | -€10,184 | ▼ 102% |
| + Depreciation and write-downs630 | €7,191 | €19,328 | €35,504 | €20,695 | €41,704 | ▲ 102% |
| Operating cash flow (approximation) | €556,542 | -€2,604 | -€805 | €678,120 | €31,520 | ▼ 95.4% |
| Investment in fixed assets (approximation) | - | -€306,711 | -€1,414 | -€662,044 | -€23,522 | ▲ 96.4% |
| Change in cash | - | -€341,995 | -€13,244 | €241,776 | €3,643 | ▼ 98.5% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
28-08
State Gazette act
Appointment: Hervé Jadot (non-statutory director)Power of attorney3 facts ▸
State Gazette act
Appointment: Hervé Jadot (non-statutory director)
Power of attorney3 facts ▸
- General meeting, 10-07-2026
- Director appointment, Hervé Jadot (non-statutory director)
- Power of attorney, BV Kanopi Accountants & Advisors
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €657,425
Net result €657,425 after 2 loss-making years.
31-12
Financial
Liquidity times 13current ratio 580.14
Current ratio from 46.06 to 580.14; short-term debt falls from €2,986 to €640.
31-12
Financial
Equity above €1mEq €1.3m ▲107%
Equity rises from €617,184 to €1.3m.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€36,309
Net result drops to -€36,309, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €549,351
Net result €549,351 after 3 loss-making years.
31-12
Financial
Liquidity times 208current ratio 35.02
Current ratio from 0.17 to 35.02; short-term debt falls from €70,513 to €13,451.
Show earlier events
31-12
Financial
Equity above €500,000Eq €675,426 ▲366%
Equity rises from €144,926 to €675,426.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 139 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Hervé Jadot
CurrentNon-statutory director · since 10-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 1975
Ground area
1,750 m²
Building footprint
391 m²
Volume, LiDAR
2,260 m³
2 parcels, Brussels, Flanders · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Delaunoystraat 56, 1080 Sint-Jans-Molenbeek
since 19752.011.384.971
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016B0026/00D000 | Flanders | 1,655 m² | 1 · 297 m² | 7.0 m · 1 fl. |
| 21523B0786/00D006 | Brussels | 94 m² | 1 · 95 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Hervé Jadot |
|
Structure & network
Owners and holdings
1 owner · 1 holding · 5 subsidiaries in the treeChain of control
- GRIPEX INVEST
- CLIPEX
Highest known parent: GRIPEX INVEST. The sources do not say who stands above it.
Owners 1
- GRIPEX INVESTparent99.98%
Holdings 1
- GRIPEX INVESTsubsidiarySourceown accounts 2024100%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
GRIPEX INVEST 100%4 subsidiaries
- GrissinLU 99.99%
- THE SOLUTIONSS 99.9%
- LYRAMA 99.67%
- Les Batons 99%
According to the 2024 annual accounts of CLIPEX and those 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded01-06-1975
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415340835
Also
9925:BE0415340835
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.