CLOFINI
ActiveSummary
CLOFINI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €442,478. Equity is growing by ~59% per year across the filed fiscal years. Its solvency ranks better than 91% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 9.54 against 8.46 in 2024; short-term debt: 5.4% and cash: 19.7% of total assets), and 5.7% 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
94.3%
Return on assets
19.2%
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 · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
38 d early
2023
37 d early
2022
26 d early
2021
32 d early
2020
25 d early
2019
46 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 12 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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.2m▲ 25.6%
2024 · €1.7m
Total assets
€2.3m▲ 26.8%
2024 · €1.8m
Net result
€442,478▼ 33.0%
2024 · €660,290
Working capital
€1.1m▲ 77.2%
2024 · €595,532
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€261,523▲ 1,482%€121,260▼ 53.6%€190,636▲ 57.2%€172,833▼ 9.3%€155,101▼ 10.3%
Net result€220,593above the sector's middle half▲ 2,390%€79,427above the sector's middle half▼ 64.0%€617,230above the sector's middle half▲ 677%€660,290above the sector's middle half▲ 7.0%€442,478above the sector's middle half▼ 33.0%
Equity€373,966above the sector's middle half▲ 144%€453,393above the sector's middle half▲ 21.2%€1.1mabove the sector's middle half▲ 136%€1.7mabove the sector's middle half▲ 61.7%€2.2mabove the sector's middle half▲ 25.6%
Total assets€1.7mabove the sector's middle half▲ 18.4%€1.6mabove the sector's middle half▼ 4.8%€1.3mabove the sector's middle half▼ 17.6%€1.8mwithin the sector's middle half▲ 36.3%€2.3mwithin the sector's middle half▲ 26.8%
Debt€1.3m▲ 3.4%€1.2m▼ 12.2%€263,080▼ 77.4%€87,532▼ 66.7%€132,176▲ 51.0%
Working capital-€49,586below the sector's middle half▲ 84.0%-€346below the sector's middle half▲ 99.3%€150,452above the sector's middle half€595,532above the sector's middle half▲ 296%€1.1mabove the sector's middle half▲ 77.2%
Solvency22.0%below the sector's middle half▲ 11.3pp28.0%within the sector's middle half▲ 6.0pp80.3%above the sector's middle half▲ 52.3pp95.2%above the sector's middle half▲ 14.9pp94.3%above the sector's middle half▼ 0.9pp
Current ratio0.89below the sector's middle half▲ 0.571.00below the sector's middle half▲ 0.113.16within the sector's middle half▲ 2.178.46above the sector's middle half▲ 5.299.54above the sector's middle half▲ 1.08
Return on assets (ROA)13.0%within the sector's middle half▲ 12.4pp4.9%within the sector's middle half▼ 8.1pp46.3%above the sector's middle half▲ 41.4pp36.3%above the sector's middle half▼ 10.0pp19.2%above the sector's middle half▼ 17.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
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 abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +2,390% on 2020. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.1m ▼ 1.4%
Current assets
€1.2m ▲ 74.5%
Equity and liabilities €2.3m
Equity
€2.2m ▲ 25.6%
Debt
€132,176 ▲ 51.0%
Debt's share of the balance-sheet total rises from 4.8% to 5.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€227,550▼
2024 · €238,283
Cash flow
€514,926▼
2024 · €725,740
Debt to equity
0.06▲
2024 · 0.05
ROE
20.4%▼
2024 · 38.1%
Interest coverage
6.96▼
2024 · 22.78
Debt ≤ 1 year
€123,561▲
2024 · €79,857
Debt > 1 year
€7,861▲
2024 · €7,674
Income taxes
€80,727▼
2024 · €102,486
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,811 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 | - | - | - | €4,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,675 | €66,907 | €65,157 | €65,450 | €72,449 | ▲ 10.7% |
| Other operating charges640/8 | €11,073 | €7,820 | €10,871 | €21,673 | €18,362 | ▼ 15.3% |
| Gross operating margin9900 | €335,271 | €195,986 | €266,664 | €259,956 | €245,912 | ▼ 5.4% |
| Operating profit (loss)9901 | €261,523 | €121,260 | €190,636 | €172,833 | €155,101 | ▼ 10.3% |
| Financial income75/76B | €0 | €0 | €606,000 | €600,405 | €400,807 | ▼ 33.2% |
| Recurring financial income75 | €0 | €0 | €606,000 | €600,405 | €400,807 | ▼ 33.2% |
| Financial charges65/66B | €40,694 | €41,233 | €121,953 | €10,462 | €32,704 | ▲ 213% |
| Recurring financial charges65 | €40,694 | €41,233 | €41,561 | €10,462 | €32,704 | ▲ 213% |
| Non-recurring financial charges66B | - | - | €80,392 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €220,830 | €80,026 | €674,683 | €762,776 | €523,204 | ▼ 31.4% |
| Income taxes67/77 | €236 | €599 | €57,453 | €102,486 | €80,727 | ▼ 21.2% |
| Profit (loss) for the period9904 | €220,593 | €79,427 | €617,230 | €660,290 | €442,478 | ▼ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €220,593 | €79,427 | €617,230 | €660,290 | €442,478 | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.3m | €1.8m | €2.3m | ▲ 26.8% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 1.4% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 1.6% |
| Land and buildings22 | €1.1m | €1.0m | €955,757 | €963,764 | €950,491 | ▼ 1.4% |
| Plant, machinery and equipment23 | €2,175 | €1,662 | €3,970 | €2,877 | €1,785 | ▼ 38.0% |
| Furniture and vehicles24 | €46,625 | €39,346 | €43,642 | €66,043 | €64,300 | ▼ 2.6% |
| Financial fixed assets28 | €189,600 | €190,762 | €110,370 | €110,370 | €110,370 | = |
| Current assets29/58 | €411,593 | €386,614 | €219,963 | €675,390 | €1.2m | ▲ 74.5% |
| Amounts receivable after more than one year29 | €111,000 | €111,000 | €111,000 | €110,888 | €110,888 | = |
| Trade receivables290 | €111,000 | - | - | - | - | - |
| Other amounts receivable291 | - | €111,000 | €111,000 | €110,888 | €110,888 | = |
| Amounts receivable within one year40/41 | €273,341 | €56,399 | €21,786 | €3,543 | €46,703 | ▲ 1,218% |
| Trade receivables40 | €273,341 | €6,142 | €0 | - | €34,249 | - |
| Other amounts receivable41 | - | €50,256 | €21,786 | €3,543 | €12,454 | ▲ 252% |
| Current investments50/53 | - | - | - | - | €562,765 | - |
| Cash at bank and in hand54/58 | €26,496 | €215,957 | €82,787 | €557,686 | €454,904 | ▼ 18.4% |
| Deferred charges and accrued income490/1 | €757 | €3,259 | €4,390 | €3,273 | €3,360 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.3m | €1.8m | €2.3m | ▲ 26.8% |
| Equity10/15 | €373,966 | €453,393 | €1.1m | €1.7m | €2.2m | ▲ 25.6% |
| Contributions10/11 | €525,000 | €525,000 | €525,000 | €525,000 | €525,000 | = |
| Reserves13 | €10,852 | €10,852 | €545,622 | €1.2m | €1.6m | ▲ 36.7% |
| Non-distributable reserves130/1 | €10,852 | €10,852 | €0 | - | - | - |
| Reserves not available under the articles1311 | €10,852 | €10,852 | €0 | - | - | - |
| Distributable reserves133 | - | - | €545,622 | €1.2m | €1.6m | ▲ 36.7% |
| Profit (loss) carried forward14 | -€161,886 | -€82,459 | €0 | - | - | - |
| Amounts payable17/49 | €1.3m | €1.2m | €263,080 | €87,532 | €132,176 | ▲ 51.0% |
| Amounts payable after more than one year17 | €831,399 | €744,717 | €193,095 | €7,674 | €7,861 | ▲ 2.4% |
| Other amounts payable178/9 | €831,399 | €744,717 | €193,095 | €7,674 | €7,861 | ▲ 2.4% |
| Amounts payable within one year42/48 | €461,180 | €386,960 | €69,511 | €79,857 | €123,561 | ▲ 54.7% |
| Current portion of amounts payable after more than one year42 | €412,400 | €378,033 | €0 | - | - | - |
| Trade debts44 | €1,104 | €8,280 | €8,182 | €10,574 | €79,313 | ▲ 650% |
| Suppliers440/4 | €1,104 | €8,280 | €8,182 | €10,574 | €79,313 | ▲ 650% |
| Taxes, remuneration and social security45 | €47,676 | €647 | €61,329 | €69,284 | €44,248 | ▼ 36.1% |
| Taxes450/3 | €47,676 | €647 | €61,329 | €69,284 | €44,248 | ▼ 36.1% |
| Accrued charges and deferred income492/3 | €34,576 | €33,589 | €474 | €0 | €754 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €220,593 | €79,427 | €617,230 | €660,290 | €442,478 | ▼ 33.0% |
| + Depreciation and write-downs630 | €62,675 | €66,907 | €65,157 | €65,450 | €72,449 | ▲ 10.7% |
| Operating cash flow (approximation) | €283,269 | €146,333 | €682,387 | €725,740 | €514,926 | ▼ 29.0% |
| Investment in fixed assets (approximation) | - | -€9,425 | €53,148 | -€94,765 | -€56,341 | ▲ 40.5% |
| Change in cash | - | €189,461 | -€133,170 | €474,899 | -€102,782 | ▼ 122% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Equity above €2mEq €2.2m ▲25.6%
6 profitable years in a row build equity to €2.2m.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €660,290 ▲7%
Net result €660,290, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 8.46
Current ratio from 3.16 to 8.46.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.16
Current ratio from 1.00 to 3.16; short-term debt falls from €386,960 to €69,511.
31-12
Financial
Equity above €1mEq €1.1m ▲136%
4 profitable years in a row build equity to €1.1m.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €373,966 ▲144%
2 profitable years in a row build equity to €373,966.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Back to profitnet €8,859
Net result €8,859 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €153,372 ▲6.1%
Equity rises from €144,513 to €153,372.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
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, Leuven · 1 establishment unit since 2011
Ground area
122 m²
Building footprint
94 m²
Volume, LiDAR
589 m³
Parcel 24504E0087/00E000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Clofini
since 20112.204.766.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504E0087/00E000 | Flanders | 122 m² | 1 · 94 m² | 9.2 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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
- Environmental Waterproofing Solutions Ltd.GBsubsidiarySourceown accounts 2024100%
According to the 2024 annual accounts of CLOFINI 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400NAQA7DOW7JEC58
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 19,205 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
Founded10-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
philip.moors@me.comLeuven
Phone
0473/742951Leuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840953574
Also
9925:BE0840953574
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.