CLM ASSURANCES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
31 d late
2021
29 d late
2020
26 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 30 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 (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29,458▲ 42.0%
2022 · €20,748
Working capital
€43,483▲ 383%
2022 · €9,004
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
Line20192020202120222023
Operating result€29,221▲ 1.4%€42,333▲ 44.9%€21,513▼ 49.2%€28,018▲ 30.2%€42,724▲ 52.5%
Net result€15,491▲ 10.7%€28,100▲ 81.4%€130,398▲ 364%€20,748▼ 84.1%€29,458▲ 42.0%
Equity€1.0m▼ 5.0%€1.0m▼ 1.6%€1.1m▲ 8.4%€1.1m▲ 1.9%€1.2m▲ 2.6%
Total assets€1.2m▼ 10.8%€1.2m▼ 3.7%€1.2m▲ 6.1%€1.8m▲ 44.4%€1.8m▲ 4.1%
Debt€166,553▼ 35.4%€139,538▼ 16.2%€85,895▼ 38.4%€610,375▲ 611%€653,063▲ 7.0%
Working capital€19,172▼ 78.2%€31,019▲ 61.8%-€5,028€9,004€43,483▲ 383%
Staff (FTE)1▼ 47.4%2▲ 100%2=2=1.9▼ 5.0%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 52% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.2m =
Current assets
€691,482 ▲ 11.6%
Equity and liabilities €1.8m
Equity
€1.2m ▲ 2.6%
Provisions
€38,500 =
Debt
€653,063 ▲ 7.0%
Debt's share of the balance-sheet total rises from 34.4% to 35.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,209▲
2022 · €30,107
Cash flow
€32,943▲
2022 · €22,837
Current ratio
1.07▲
2022 · 1.01
Debt to equity
0.57▲
2022 · 0.54
ROE
2.6%▲
2022 · 1.8%
ROA
1.6%▲
2022 · 1.2%
Interest coverage
449.86▲
2022 · 144.84
Debt ≤ 1 year
€647,999▲
2022 · €610,375
Income taxes
€13,207▲
2022 · €8,359
Staff costs
€93,948▲
2022 · €55,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €62,505 | €55,832 | €93,948 | ▲ 68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,477 | €1,461 | €2,237 | €2,089 | €3,485 | ▲ 66.8% |
| Other operating charges640/8 | - | - | €1,899 | €1,543 | €2,761 | ▲ 79.0% |
| Gross operating margin9900 | €111,971 | €142,591 | €88,154 | €87,482 | €142,919 | ▲ 63.4% |
| Operating profit (loss)9901 | €29,221 | €42,333 | €21,513 | €28,018 | €42,724 | ▲ 52.5% |
| Financial income75/76B | - | - | €154,000 | €1,297 | €43 | ▼ 96.7% |
| Recurring financial income75 | €873 | €103 | €0 | €1,297 | €43 | ▼ 96.7% |
| Non-recurring financial income76B | - | - | €154,000 | €0 | - | - |
| Financial charges65/66B | - | - | €373 | €208 | €103 | ▼ 50.6% |
| Recurring financial charges65 | €6,059 | €446 | €373 | €208 | €103 | ▼ 50.6% |
| Profit (loss) for the period before taxes9903 | €24,034 | €41,990 | €175,140 | €29,107 | €42,665 | ▲ 46.6% |
| Transfer to deferred taxes680 | - | - | €38,500 | €0 | - | - |
| Income taxes67/77 | €8,543 | €13,890 | €6,242 | €8,359 | €13,207 | ▲ 58.0% |
| Profit (loss) for the period9904 | €15,491 | €28,100 | €130,398 | €20,748 | €29,458 | ▲ 42.0% |
| Transfer to tax-exempt reserves689 | - | - | €115,500 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €15,491 | €28,100 | €14,898 | €20,748 | €29,458 | ▲ 42.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.8m | €1.8m | ▲ 4.1% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.2m | €1.2m | €1.2m | = |
| Tangible fixed assets22/27 | €39,819 | €4,339 | €4,982 | €5,051 | €5,094 | ▲ 0.9% |
| Furniture and vehicles24 | - | - | €2,805 | €3,550 | €4,271 | ▲ 20.3% |
| Other tangible fixed assets26 | - | - | €2,177 | €1,500 | €823 | ▼ 45.1% |
| Financial fixed assets28 | €996,174 | €996,174 | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €167,042 | €158,607 | €74,219 | €619,379 | €691,482 | ▲ 11.6% |
| Amounts receivable after more than one year29 | - | - | €50,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | - | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €164,016 | €73,744 | €18,987 | €560,948 | €632,957 | ▲ 12.8% |
| Trade receivables40 | - | - | €3,099 | €28,502 | €26,965 | ▼ 5.4% |
| Other amounts receivable41 | - | - | €15,887 | €532,446 | €605,992 | ▲ 13.8% |
| Cash at bank and in hand54/58 | €1,976 | €34,862 | €4,786 | €8,431 | €8,525 | ▲ 1.1% |
| Deferred charges and accrued income490/1 | - | - | €446 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.8m | €1.8m | ▲ 4.1% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 2.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | - | €18,600 | - |
| Reserves13 | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | ▲ 2.3% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €136,709 | €136,709 | €136,709 | = |
| Distributable reserves133 | - | - | €947,811 | €968,560 | €993,560 | ▲ 2.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €4,458 | - |
| Provisions and deferred taxes16 | - | - | €38,500 | €38,500 | €38,500 | = |
| Deferred taxes168 | - | - | €38,500 | €38,500 | €38,500 | = |
| Amounts payable17/49 | €166,553 | €139,538 | €85,895 | €610,375 | €653,063 | ▲ 7.0% |
| Amounts payable after more than one year17 | €18,683 | €11,951 | €5,148 | €0 | - | - |
| Financial debts170/4 | - | - | €5,148 | €0 | - | - |
| Amounts payable within one year42/48 | €147,870 | €127,587 | €79,247 | €610,375 | €647,999 | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | - | €6,802 | €5,148 | - | - |
| Financial debts43 | - | - | €7,538 | €0 | - | - |
| Other loans439 | - | - | €7,538 | €0 | - | - |
| Trade debts44 | €23,733 | €8,679 | €3,009 | €26,701 | €4,789 | ▼ 82.1% |
| Suppliers440/4 | - | - | €3,009 | €26,701 | €4,789 | ▼ 82.1% |
| Advances received on contracts in progress46 | - | - | €1,608 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €3,636 | €2,026 | €33,506 | ▲ 1,554% |
| Taxes450/3 | - | - | €69 | €26 | €15,489 | ▲ 58,861% |
| Remuneration and social security454/9 | - | - | €3,567 | €2,000 | €18,017 | ▲ 801% |
| Other amounts payable47/48 | - | - | €56,653 | €576,500 | €609,705 | ▲ 5.8% |
| Accrued charges and deferred income492/3 | - | - | €1,500 | €0 | €5,064 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,491 | €28,100 | €130,398 | €20,748 | €29,458 | ▲ 42.0% |
| + Depreciation and write-downs630 | €22,477 | €1,461 | €2,237 | €2,089 | €3,485 | ▲ 66.8% |
| Operating cash flow (approximation) | €37,969 | €29,562 | €132,635 | €22,837 | €32,943 | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | €34,018 | -€156,880 | -€2,157 | -€3,528 | ▼ 63.6% |
| Change in cash | - | €32,886 | -€30,076 | €3,645 | €94 | ▼ 97.4% |
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
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €130,398 ▲364%
Net result €130,398, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 96 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 392 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
69.68%
According to the 2023 annual accounts of CLM ASSURANCES 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
No current directors or connected companies found in the register.