Cloë
ActiveSummary
Cloë has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €400k and a net result of €-43k. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 164 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-54
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.38 in 2024; short-term debt: 25.1% and cash: 3.1% of total assets), and 25.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-43k
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
19 d early
2023
10 d early
2022
1 d early
2021
28 d late
2020
123 d late
2019
36 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€400k▼ 9.7%
2024 · €443k
2018: €594k
2019: €595k▲ +0.3% vs 2018highest in 8 years
2020: €571k▼ -4.1% vs 2019
2021: €529k▼ -7.4% vs 2020
2022: €516k▼ -2.5% vs 2021
2023: €469k▼ -9.1% vs 2022
2024: €443k▼ -5.5% vs 2023
2025: €400k▼ -9.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€535k▼ 7.8%
2024 · €580k
2018: €612k
2019: €743k▲ +21.4% vs 2018highest in 8 years
2020: €713k▼ -4.0% vs 2019
2021: €702k▼ -1.5% vs 2020
2022: €650k▼ -7.4% vs 2021
2023: €605k▼ -6.9% vs 2022
2024: €580k▼ -4.2% vs 2023
2025: €535k▼ -7.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-43k▼ 65.4%
2024 · €-26k
2018: €194
2019: €2k▲ +727% vs 2018highest in 8 years
2020: €-24k▼ -1613% vs 2019
2021: €-42k▼ -73.1% vs 2020
2022: €-13k▲ +69.0% vs 2021
2023: €-47k▼ -261% vs 2022lowest in 8 years
2024: €-26k▲ +45.0% vs 2023
2025: €-43k▼ -65.4% vs 2024
2018 → 2025
Working capital
€-116k▼ 36.8%
2024 · €-84k
2018: €131khighest in 8 years
2019: €36k▼ -72.3% vs 2018
2020: €14k▼ -60.6% vs 2019
2021: €-16k▼ -210% vs 2020
2022: €-38k▼ -144% vs 2021
2023: €-70k▼ -82.5% vs 2022
2024: €-84k▼ -20.3% vs 2023
2025: €-116k▼ -36.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€529k-€516k▼ 2.5%€469k▼ 9.1%€443k▼ 5.5%€400k▼ 9.7%
2021: €529khighest in 5 years
2022: €516k▼ -2.5% vs 2021
2023: €469k▼ -9.1% vs 2022
2024: €443k▼ -5.5% vs 2023
2025: €400k▼ -9.7% vs 2024lowest in 5 years
Operating result€-42k-€-13k▲ 68.2%€-47k▼ 253%€-26k▲ 45.1%€-43k▼ 65.7%
2021: €-42k
2022: €-13k▲ +68.2% vs 2021highest in 5 years
2023: €-47k▼ -253% vs 2022lowest in 5 years
2024: €-26k▲ +45.1% vs 2023
2025: €-43k▼ -65.7% vs 2024
Net result€-42k-€-13k▲ 69.0%€-47k▼ 261%€-26k▲ 45.0%€-43k▼ 65.4%
2021: €-42k
2022: €-13k▲ +69.0% vs 2021highest in 5 years
2023: €-47k▼ -261% vs 2022lowest in 5 years
2024: €-26k▲ +45.0% vs 2023
2025: €-43k▼ -65.4% vs 2024
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 stays negative: a loss of €43k in 2025 against €26k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535k
Fixed assets
€516k ▼ 2.2%
Current assets
€19k ▼ 64.3%
Equity and liabilities €535k
Equity
€400k ▼ 9.7%
Debt
€134k ▼ 1.8%
Debt's share of the balance-sheet total rises from 23.6% to 25.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €8k
Cash flow
€-10k▼
2024 · €8k
Current ratio
0.14▼
2024 · 0.38
Debt to equity
0.34▲
2024 · 0.31
ROE
-10.7%▼
2024 · -5.8%
ROA
-8.0%▼
2024 · -4.5%
Interest coverage
-77.40▼
2024 · 68.32
Debt ≤ 1 year
€134k▼
2024 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€580k€535k▼
Fixed assets21/28€528k€516k▼
Tangible fixed assets22/27€528k€516k▼
Land and buildings22€496k€475k▼
Plant, machinery and equipment23€21k€32k▲
Furniture and vehicles24€4k€4k▼
Other tangible fixed assets26€7k€6k▼
Current assets29/58€52k€19k▼
Amounts receivable within one year40/41€9k€2k▼
Trade receivables40€9k€2k▼
Cash at bank and in hand54/58€43k€17k▼
Deferred charges and accrued income490/1-€21
Equity and liabilities
Total equity and liabilities10/49€580k€535k▼
Equity10/15€443k€400k▼
Contributions10/11€442k€442k=
Reserves13€165k€165k=
Tax-exempt reserves132€12k€12k=
Distributable reserves133€153k€153k=
Profit (loss) carried forward14€-164k€-207k▼
Amounts payable17/49€137k€134k▼
Amounts payable within one year42/48€137k€134k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€1k€269▼
Taxes450/3€1k€269▼
Other amounts payable47/48€132k€132k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€32k▼
Other operating charges640/8€15k€16k▲
Gross operating margin9900€23k€6k▼
Operating profit (loss)9901€-26k€-43k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€117€132▲
Recurring financial charges65€117€132▲
Profit (loss) for the period before taxes9903€-26k€-43k▼
Profit (loss) for the period9904€-26k€-43k▼
Profit (loss) for the period to be appropriated9905€-26k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-164k€-207k▼
Profit (loss) brought forward from the previous period14P€-138k€-164k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €34k | €36k | €34k | €32k | ▼ 3.9% |
| Other operating charges640/8 | €23k | €14k | €15k | €15k | €16k | ▲ 5.1% |
| Gross operating margin9900 | €11k | €35k | €4k | €23k | €6k | ▼ 75.6% |
| Operating profit (loss)9901 | €-42k | €-13k | €-47k | €-26k | €-43k | ▼ 65.7% |
| Financial income75/76B | €5 | €413 | €6 | - | €0 | - |
| Recurring financial income75 | €5 | €413 | €6 | - | €0 | - |
| Financial charges65/66B | €144 | €130 | €154 | €117 | €132 | ▲ 12.7% |
| Recurring financial charges65 | €144 | €130 | €154 | €117 | €132 | ▲ 12.7% |
| Profit (loss) for the period before taxes9903 | €-42k | €-13k | €-47k | €-26k | €-43k | ▼ 65.4% |
| Profit (loss) for the period9904 | €-42k | €-13k | €-47k | €-26k | €-43k | ▼ 65.4% |
| Profit (loss) for the period to be appropriated9905 | €-42k | €-13k | €-47k | €-26k | €-43k | ▼ 65.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €702k | €650k | €605k | €580k | €535k | ▼ 7.8% |
| Fixed assets21/28 | €545k | €555k | €539k | €528k | €516k | ▼ 2.2% |
| Tangible fixed assets22/27 | €545k | €555k | €539k | €528k | €516k | ▼ 2.2% |
| Land and buildings22 | €534k | €541k | €511k | €496k | €475k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €4k | €19k | €21k | €32k | ▲ 52.2% |
| Furniture and vehicles24 | €3k | €2k | €2k | €4k | €4k | ▼ 19.5% |
| Other tangible fixed assets26 | €8k | €7k | €7k | €7k | €6k | ▼ 6.3% |
| Current assets29/58 | €158k | €95k | €66k | €52k | €19k | ▼ 64.3% |
| Amounts receivable within one year40/41 | €59k | €61k | €8k | €9k | €2k | ▼ 77.1% |
| Trade receivables40 | €53k | €59k | €7k | €9k | €2k | ▼ 77.1% |
| Other amounts receivable41 | €6k | €3k | €1k | - | - | - |
| Cash at bank and in hand54/58 | €12k | €32k | €58k | €43k | €17k | ▼ 61.5% |
| Deferred charges and accrued income490/1 | €86k | €2k | - | - | €21 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €702k | €650k | €605k | €580k | €535k | ▼ 7.8% |
| Equity10/15 | €529k | €516k | €469k | €443k | €400k | ▼ 9.7% |
| Contributions10/11 | €442k | €442k | €442k | €442k | €442k | = |
| Reserves13 | €165k | €165k | €165k | €165k | €165k | = |
| Non-distributable reserves130/1 | €102k | €102k | €58k | - | - | - |
| Reserves not available under the articles1311 | €58k | €44k | - | - | - | - |
| Other1319 | €44k | €58k | €58k | - | - | - |
| Tax-exempt reserves132 | €12k | €12k | €12k | €12k | €12k | = |
| Distributable reserves133 | €51k | €51k | €95k | €153k | €153k | = |
| Profit (loss) carried forward14 | €-78k | €-91k | €-138k | €-164k | €-207k | ▼ 26.0% |
| Amounts payable17/49 | €173k | €134k | €136k | €137k | €134k | ▼ 1.8% |
| Amounts payable within one year42/48 | €173k | €134k | €136k | €137k | €134k | ▼ 1.8% |
| Trade debts44 | €40k | €2k | €4k | €4k | €2k | ▼ 40.0% |
| Suppliers440/4 | €40k | €2k | €4k | €4k | €2k | ▼ 40.0% |
| Taxes, remuneration and social security45 | €762 | - | - | €1k | €269 | ▼ 80.5% |
| Taxes450/3 | €762 | - | - | €1k | €269 | ▼ 80.5% |
| Other amounts payable47/48 | €132k | €132k | €132k | €132k | €132k | = |
| Accrued charges and deferred income492/3 | - | €233 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-42k | €-13k | €-47k | €-26k | €-43k | ▼ 65.4% |
| + Depreciation and write-downs630 | €30k | €34k | €36k | €34k | €32k | ▼ 3.9% |
| Operating cash flow (approximation) | €-12k | €21k | €-11k | €8k | €-10k | ▼ 231% |
| Investment in fixed assets (approximation) | - | €-44k | €-20k | €-22k | €-21k | ▲ 6.2% |
| Change in cash | - | €20k | €26k | €-15k | €-26k | ▼ 80.7% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 123 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €2k ▲727%
Operating result €2k, net result €2k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Ninove · 1 establishment unit since 1985
Ground area
3,112 m²
Building footprint
1,459 m²
Volume, LiDAR
10,555 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Merellaan 46, 9400 Ninove
since 19852.026.313.568
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0119/00Z000 | Flanders | 2,302 m² | 1 · 650 m² | 11.7 m · 1 fl. |
| 41362B0119/00A002 | Flanders | 809 m² | 1 · 809 m² | 11.6 m · 3 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.
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Of 1,092 companies in sector 14210 we hold annual accounts for 212. 138 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
Founded11-01-1985
Fiscal year end31-12
Activities, NACEBEL 2025
14210Manufacture of outerwear
Scores and ratios are computed by Checked and are not a credit decision.