CLIVER
ActiveSummary
CLIVER has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332,034 and a net result of €27,744. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-11
Solvency79▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 5.15 against 6.39 in 2024; short-term debt: 9.2% and cash: 43.7% of total assets), and 46.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
53.7%
Return on assets
4.5%
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
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 15-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
83 d early
2023
56 d early
2022
87 d early
2021
30 d early
2020
88 d early
2019
57 d early
← 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 73 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 9 May (4 of the last 5 filed years within 30 days of that day).
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
Equity
€332,034▼ 1.6%
2024 · €337,381
Total assets
€618,080▲ 1.9%
2024 · €606,262
Net result
€27,744▼ 65.5%
2024 · €80,517
Working capital
€236,083▼ 12.8%
2024 · €270,820
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€12,626▼ 54.4%€29,988▲ 138%€22,145▼ 26.2%€135,245▲ 511%€44,995▼ 66.7%
Net result€112,168above the sector's middle half▲ 512%€16,854within the sector's middle half▼ 85.0%€11,348within the sector's middle half▼ 32.7%€80,517above the sector's middle half▲ 610%€27,744within the sector's middle half▼ 65.5%
Equity€272,960above the sector's middle half▲ 46.0%€277,113above the sector's middle half▲ 1.5%€266,863above the sector's middle half▼ 3.7%€337,381above the sector's middle half▲ 26.4%€332,034above the sector's middle half▼ 1.6%
Total assets€626,145above the sector's middle half▲ 206%€603,629above the sector's middle half▼ 3.6%€846,884above the sector's middle half▲ 40.3%€606,262above the sector's middle half▼ 28.4%€618,080above the sector's middle half▲ 1.9%
Debt€326,792▲ 1,764%€300,931▼ 7.9%€555,244▲ 84.5%€268,881▼ 51.6%€286,046▲ 6.4%
Working capital€28,634within the sector's middle half▲ 81.1%€18,352within the sector's middle half▼ 35.9%-€237,176below the sector's middle half€270,820above the sector's middle half€236,083above the sector's middle half▼ 12.8%
Solvency43.6%within the sector's middle half▼ 47.8pp45.9%within the sector's middle half▲ 2.3pp31.5%within the sector's middle half▼ 14.4pp55.6%within the sector's middle half▲ 24.1pp53.7%within the sector's middle half▼ 1.9pp
Current ratio1.56within the sector's middle half▼ 0.401.41within the sector's middle half▼ 0.140.25below the sector's middle half▼ 1.166.39above the sector's middle half▲ 6.145.15above the sector's middle half▼ 1.24
Return on assets (ROA)17.9%within the sector's middle half▲ 8.9pp2.8%within the sector's middle half▼ 15.1pp1.3%below the sector's middle half▼ 1.5pp13.3%within the sector's middle half▲ 11.9pp4.5%within the sector's middle half▼ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618,080
Fixed assets
€325,086 ▲ 14.0%
Current assets
€292,995 ▼ 8.7%
Equity and liabilities €618,080
Equity
€332,034 ▼ 1.6%
Debt
€286,046 ▲ 6.4%
Debt's share of the balance-sheet total rises from 44.4% to 46.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53,680▼
2024 · €148,338
Cash flow
€36,429▼
2024 · €93,610
Debt to equity
0.86▲
2024 · 0.80
ROE
8.4%▼
2024 · 23.9%
Interest coverage
6.72▼
2024 · 22.64
Debt ≤ 1 year
€56,912▲
2024 · €50,225
Debt > 1 year
€229,134▲
2024 · €218,657
Income taxes
€12,496▼
2024 · €79,915
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 6,045 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 | - | - | - | €103,287 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,818 | €13,899 | €15,915 | €13,093 | €8,685 | ▼ 33.7% |
| Other operating charges640/8 | €2,178 | €3,563 | €51,997 | €7,238 | €13,597 | ▲ 87.9% |
| Gross operating margin9900 | €40,622 | €47,450 | €90,057 | €155,576 | €67,277 | ▼ 56.8% |
| Operating profit (loss)9901 | €12,626 | €29,988 | €22,145 | €135,245 | €44,995 | ▼ 66.7% |
| Financial income75/76B | €133,339 | €1 | €0 | €6,964 | €3,232 | ▼ 53.6% |
| Recurring financial income75 | €0 | €1 | €0 | €6,964 | €3,232 | ▼ 53.6% |
| Non-recurring financial income76B | €133,339 | €0 | - | - | - | - |
| Financial charges65/66B | €3,004 | €3,739 | €3,667 | €6,553 | €7,988 | ▲ 21.9% |
| Recurring financial charges65 | €3,004 | €3,739 | €3,667 | €6,553 | €7,988 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | €142,960 | €26,250 | €18,478 | €135,656 | €40,239 | ▼ 70.3% |
| Transfer from deferred taxes780 | €275 | €808 | €808 | €24,777 | €0 | ▼ 100% |
| Transfer to deferred taxes680 | €26,668 | €0 | - | - | - | - |
| Income taxes67/77 | €4,399 | €10,204 | €7,939 | €79,915 | €12,496 | ▼ 84.4% |
| Profit (loss) for the period9904 | €112,168 | €16,854 | €11,348 | €80,517 | €27,744 | ▼ 65.5% |
| Transfer from tax-exempt reserves789 | €1,098 | €3,232 | €3,232 | €99,108 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | €106,671 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,596 | €20,086 | €14,580 | €179,625 | €27,744 | ▼ 84.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €626,145 | €603,629 | €846,884 | €606,262 | €618,080 | ▲ 1.9% |
| Fixed assets21/28 | €546,126 | €541,054 | €766,729 | €285,217 | €325,086 | ▲ 14.0% |
| Tangible fixed assets22/27 | €546,126 | €541,054 | €766,729 | €285,217 | €325,086 | ▲ 14.0% |
| Land and buildings22 | €546,126 | €539,848 | €758,125 | €270,135 | €262,396 | ▼ 2.9% |
| Furniture and vehicles24 | €0 | €1,207 | €8,604 | €1,852 | €4,416 | ▲ 138% |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €13,231 | €58,273 | ▲ 340% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €80,019 | €62,575 | €80,155 | €321,044 | €292,995 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €989 | €1,126 | €15,493 | €21,472 | €20,997 | ▼ 2.2% |
| Trade receivables40 | €0 | €1,126 | €11,682 | €11,644 | €17,082 | ▲ 46.7% |
| Other amounts receivable41 | €989 | €0 | €3,811 | €9,827 | €3,915 | ▼ 60.2% |
| Current investments50/53 | - | - | - | €250,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €76,808 | €59,346 | €64,547 | €45,064 | €269,878 | ▲ 499% |
| Deferred charges and accrued income490/1 | €2,222 | €2,103 | €115 | €4,509 | €2,119 | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €626,145 | €603,629 | €846,884 | €606,262 | €618,080 | ▲ 1.9% |
| Equity10/15 | €272,960 | €277,113 | €266,863 | €337,381 | €332,034 | ▼ 1.6% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €182,163 | €186,315 | €176,863 | €247,375 | €242,025 | ▼ 2.2% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €105,573 | €102,340 | €99,108 | €0 | - | - |
| Distributable reserves133 | €76,590 | €83,975 | €77,755 | €247,375 | €242,025 | ▼ 2.2% |
| Profit (loss) carried forward14 | €797 | €798 | €0 | €6 | €9 | ▲ 64.8% |
| Provisions and deferred taxes16 | €26,393 | €25,585 | €24,777 | €0 | - | - |
| Deferred taxes168 | €26,393 | €25,585 | €24,777 | €0 | - | - |
| Amounts payable17/49 | €326,792 | €300,931 | €555,244 | €268,881 | €286,046 | ▲ 6.4% |
| Amounts payable after more than one year17 | €275,407 | €256,708 | €237,797 | €218,657 | €229,134 | ▲ 4.8% |
| Financial debts170/4 | €275,407 | €256,708 | €237,797 | €218,657 | €229,134 | ▲ 4.8% |
| Amounts payable within one year42/48 | €51,384 | €44,223 | €317,332 | €50,225 | €56,912 | ▲ 13.3% |
| Current portion of amounts payable after more than one year42 | €19,457 | €18,700 | €18,911 | €19,140 | €19,365 | ▲ 1.2% |
| Trade debts44 | €3,199 | €1,909 | €279,704 | €2,759 | €836 | ▼ 69.7% |
| Suppliers440/4 | €3,199 | €1,909 | €279,704 | €2,759 | €836 | ▼ 69.7% |
| Taxes, remuneration and social security45 | €11,124 | €23,282 | €14,720 | €27,276 | €36,313 | ▲ 33.1% |
| Taxes450/3 | €11,124 | €23,282 | €14,720 | €27,276 | €32,913 | ▲ 20.7% |
| Remuneration and social security454/9 | - | - | - | - | €3,400 | - |
| Other amounts payable47/48 | €17,604 | €333 | €3,998 | €1,049 | €399 | ▼ 62.0% |
| Accrued charges and deferred income492/3 | - | - | €115 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,168 | €16,854 | €11,348 | €80,517 | €27,744 | ▼ 65.5% |
| + Depreciation and write-downs630 | €25,818 | €13,899 | €15,915 | €13,093 | €8,685 | ▼ 33.7% |
| Operating cash flow (approximation) | €137,986 | €30,753 | €27,263 | €93,610 | €36,429 | ▼ 61.1% |
| Investment in fixed assets (approximation) | - | -€8,827 | -€241,590 | €468,418 | -€48,553 | ▼ 110% |
| Change in cash | - | -€17,462 | €5,201 | -€19,483 | €224,814 | ▲ 1,254% |
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
17-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Other statement
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 25current ratio 6.39
Current ratio from 0.25 to 6.39; short-term debt falls from €317,332 to €50,225.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €112,168 ▲512%
Net result €112,168, the highest in the series.
31-12
Financial
Equity above €200,000Eq €272,960 ▲46%
4 profitable years in a row build equity to €272,960.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
20-01
State Gazette act
General meeting · Board meeting
Merger · Net-asset statement
2020
21-10
State Gazette act
Board meeting · Merger
Capital · Corporate purpose
Show earlier events
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €8,380 ▼16.9%
Net result drops to €8,380, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.56
Current ratio from 0.98 to 2.56; short-term debt falls from €18,066 to €8,064.
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortrijk · 1 establishment unit since 2010
Ground area
7,368 m²
Building footprint
400 m²
Volume, LiDAR
2,100 m³
Parcel 34016B0351/00G000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cliver
since 20102.186.833.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0351/00G000 | Flanders | 7,368 m² | 1 · 400 m² | 9.1 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 37,567 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
Founded01-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824685981
Also
9925:BE0824685981
Registered
31-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.