CLITEUR
ActiveSummary
CLITEUR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€135,443) and a net result of -€29,007. Equity is shrinking by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-13
Solvency8▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.63 against 3.3 in 2024; short-term debt: 18.2% and cash: 4.2% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-17.4%
Return on assets
-3.7%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€135,443
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
19 d early
2023
on the day
2022
14 d early
2021
13 d early
2020
31 d late
2019
113 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 11 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€29,007
2024 · €1,544
Working capital
€372,073▼ 5.0%
2024 · €391,829
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Operating result€19,256▲ 111%-€21,782€3,804€33,391▲ 778%€1,798▼ 94.6%
Net result-€15,302below the sector's middle half▲ 37.7%-€54,779below the sector's middle half▼ 258%-€28,039below the sector's middle half▲ 48.8%€1,544within the sector's middle half-€29,007below the sector's middle half
Equity-€25,161below the sector's middle half▼ 155%-€79,941below the sector's middle half▼ 218%-€107,980below the sector's middle half▼ 35.1%-€106,436below the sector's middle half▲ 1.4%-€135,443below the sector's middle half▼ 27.3%
Total assets€1.0mabove the sector's middle half▼ 6.2%€917,473above the sector's middle half▼ 9.1%€870,801above the sector's middle half▼ 5.1%€846,947above the sector's middle half▼ 2.7%€778,361above the sector's middle half▼ 8.1%
Debt€1.0m▼ 4.7%€997,413▼ 3.6%€978,781▼ 1.9%€953,383▼ 2.6%€913,804▼ 4.2%
Working capital€499,236above the sector's middle half▼ 4.2%€443,189above the sector's middle half▼ 11.2%€386,891above the sector's middle half▼ 12.7%€391,829above the sector's middle half▲ 1.3%€372,073above the sector's middle half▼ 5.0%
Solvency-2.5%below the sector's middle half▼ 1.6pp-8.7%below the sector's middle half▼ 6.2pp-12.4%below the sector's middle half▼ 3.7pp-12.6%below the sector's middle half▼ 0.2pp-17.4%below the sector's middle half▼ 4.8pp
Current ratio3.58above the sector's middle half▲ 0.203.68above the sector's middle half▲ 0.103.34above the sector's middle half▼ 0.343.30above the sector's middle half▼ 0.043.63above the sector's middle half▲ 0.33
Return on assets (ROA)-1.5%below the sector's middle half▲ 0.8pp-6.0%below the sector's middle half▼ 4.5pp-3.2%within the sector's middle half▲ 2.8pp0.2%within the sector's middle half▲ 3.4pp-3.7%below the sector's middle half▼ 3.9pp
Staff (FTE)2▲ 53.8%2=2=1.8▼ 10.0%1.5▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €778,361
Fixed assets
€264,916 ▼ 6.9%
Current assets
€513,445 ▼ 8.7%
Key figures and ratios
EBITDA
€44,449▼
2024 · €77,098
Cash flow
€13,644▼
2024 · €45,251
Quick ratio
0.49▲
2024 · 0.39
Debt to equity
-6.75▲
2024 · -8.96
Interest coverage
1.45▼
2024 · 2.41
Debt ≤ 1 year
€141,373▼
2024 · €170,513
Debt > 1 year
€772,359▼
2024 · €782,688
Income taxes
€445▲
2024 · €430
Staff costs
€54,569▼
2024 · €59,058
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 2,338 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,666 | - |
| Remuneration, social security and pensions62 | €28,181 | €57,285 | €66,633 | €59,058 | €54,569 | ▼ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,057 | €41,978 | €44,087 | €43,707 | €42,651 | ▼ 2.4% |
| Other operating charges640/8 | €5,447 | €5,580 | €4,860 | €6,540 | €6,043 | ▼ 7.6% |
| Non-recurring operating charges66A | - | - | - | - | €3,666 | - |
| Gross operating margin9900 | €92,941 | €83,060 | €119,384 | €142,697 | €108,726 | ▼ 23.8% |
| Operating profit (loss)9901 | €19,256 | -€21,782 | €3,804 | €33,391 | €1,798 | ▼ 94.6% |
| Financial income75/76B | €385 | €1,248 | €1,341 | €523 | €383 | ▼ 26.6% |
| Recurring financial income75 | €385 | €1,248 | €1,341 | €523 | €383 | ▼ 26.6% |
| Financial charges65/66B | €34,545 | €33,804 | €32,715 | €31,940 | €30,743 | ▼ 3.7% |
| Recurring financial charges65 | €34,545 | €33,804 | €32,715 | €31,940 | €30,743 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | -€14,904 | -€54,338 | -€27,569 | €1,974 | -€28,561 | ▼ 1,547% |
| Income taxes67/77 | €398 | €441 | €470 | €430 | €445 | ▲ 3.6% |
| Profit (loss) for the period9904 | -€15,302 | -€54,779 | -€28,039 | €1,544 | -€29,007 | ▼ 1,979% |
| Profit (loss) for the period to be appropriated9905 | -€15,302 | -€54,779 | -€28,039 | €1,544 | -€29,007 | ▼ 1,979% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €917,473 | €870,801 | €846,947 | €778,361 | ▼ 8.1% |
| Fixed assets21/28 | €317,013 | €308,990 | €318,602 | €284,605 | €264,916 | ▼ 6.9% |
| Intangible fixed assets21 | €111,291 | €116,906 | €120,984 | €107,440 | €107,433 | = |
| Tangible fixed assets22/27 | €205,272 | €191,634 | €197,528 | €177,075 | €157,393 | ▼ 11.1% |
| Plant, machinery and equipment23 | €5,153 | €4,199 | €3,127 | €2,206 | €1,285 | ▼ 41.7% |
| Furniture and vehicles24 | €4,816 | €7,786 | €13,052 | €10,049 | €7,818 | ▼ 22.2% |
| Leasing and similar rights25 | €195,303 | €179,649 | €181,348 | €164,819 | €148,290 | ▼ 10.0% |
| Financial fixed assets28 | €450 | €450 | €90 | €90 | €90 | = |
| Current assets29/58 | €692,816 | €608,483 | €552,199 | €562,342 | €513,445 | ▼ 8.7% |
| Stocks and contracts in progress3 | €566,866 | €538,854 | €505,054 | €495,524 | €444,709 | ▼ 10.3% |
| Stocks30/36 | €566,866 | €538,854 | €505,054 | €495,524 | €444,709 | ▼ 10.3% |
| Amounts receivable within one year40/41 | €50,019 | €40,120 | €20,387 | €31,461 | €22,387 | ▼ 28.8% |
| Trade receivables40 | €35,079 | €22,427 | €14,358 | €27,093 | €18,199 | ▼ 32.8% |
| Other amounts receivable41 | €14,939 | €17,693 | €6,028 | €4,367 | €4,189 | ▼ 4.1% |
| Cash at bank and in hand54/58 | €65,547 | €14,379 | €14,666 | €26,238 | €32,473 | ▲ 23.8% |
| Deferred charges and accrued income490/1 | €10,385 | €15,129 | €12,093 | €9,119 | €13,877 | ▲ 52.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €917,473 | €870,801 | €846,947 | €778,361 | ▼ 8.1% |
| Equity10/15 | -€25,161 | -€79,941 | -€107,980 | -€106,436 | -€135,443 | ▼ 27.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€47,161 | -€101,941 | -€129,980 | -€128,436 | -€157,443 | ▼ 22.6% |
| Amounts payable17/49 | €1.0m | €997,413 | €978,781 | €953,383 | €913,804 | ▼ 4.2% |
| Amounts payable after more than one year17 | €840,981 | €831,753 | €813,227 | €782,688 | €772,359 | ▼ 1.3% |
| Financial debts170/4 | €840,981 | €831,753 | €813,227 | €782,688 | €772,359 | ▼ 1.3% |
| Amounts payable within one year42/48 | €193,580 | €165,294 | €165,308 | €170,513 | €141,373 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | €26,550 | €19,227 | €25,872 | €27,046 | €20,541 | ▼ 24.1% |
| Financial debts43 | - | - | €1,223 | - | - | - |
| Credit institutions430/8 | - | - | €1,223 | - | - | - |
| Trade debts44 | €25,012 | €22,567 | €21,996 | €41,057 | €29,248 | ▼ 28.8% |
| Suppliers440/4 | €25,012 | €22,567 | €21,996 | €41,057 | €29,248 | ▼ 28.8% |
| Taxes, remuneration and social security45 | €11,410 | €4,928 | €9,851 | €10,417 | €7,325 | ▼ 29.7% |
| Taxes450/3 | €6,387 | €841 | €2,288 | €4,615 | €3,390 | ▼ 26.5% |
| Remuneration and social security454/9 | €5,023 | €4,086 | €7,563 | €5,802 | €3,935 | ▼ 32.2% |
| Other amounts payable47/48 | €130,608 | €118,573 | €106,367 | €91,993 | €84,259 | ▼ 8.4% |
| Accrued charges and deferred income492/3 | €430 | €366 | €246 | €182 | €72 | ▼ 60.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,302 | -€54,779 | -€28,039 | €1,544 | -€29,007 | ▼ 1,979% |
| + Depreciation and write-downs630 | €40,057 | €41,978 | €44,087 | €43,707 | €42,651 | ▼ 2.4% |
| Operating cash flow (approximation) | €24,755 | -€12,801 | €16,047 | €45,251 | €13,644 | ▼ 69.8% |
| Investment in fixed assets (approximation) | - | -€33,955 | -€53,698 | -€9,710 | -€22,962 | ▼ 136% |
| Change in cash | - | -€51,167 | €287 | €11,572 | €6,235 | ▼ 46.1% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,544
Net result €1,544 after 6 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€54,779
Net result drops to -€54,779, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 113 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Manhay · 1 establishment unit since 2009
Ground area
520 m²
Building footprint
375 m²
Parcel 83023B0028/00H000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Route de Saint-Antoine 21, 6960 Manhay
since 20092.174.914.501
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83023B0028/00H000 | Wallonia | 520 m² | 1 · 375 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteManhay2.174.914.501
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Of 1,395 companies in sector 47784 we hold annual accounts for 429. 263 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808092548
Registered
02-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.