CLOITRE I
ActiveSummary
CLOITRE I has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €733,401 and a net result of €92,003. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 39% of 5,763 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, full format
Turnover
€353,531▲ 22.4%
2024 · €288,784
EBIT margin
38.1%▲ 7.0pp
2024 · 31.1%
Net result
€92,003▼ 30.3%
2024 · €131,917
Working capital
-€1.0m▲ 1.3%
2024 · -€1.0m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.4m
2025
Operating result€0.1m
2025
Net result€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.8m
2025
Equity€0.7m
2025
Debt€2.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.0m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin38.1%
2025
Return on assets (ROA)3.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency26.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.33
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.3m-€0.2m▼ 12.7%€0.2m▼ 1.0%€0.2m▲ 4.9%€0.3m▲ 7.5%€0.3m▲ 6.5%€0.3m▲ 2.1%€0.4m▲ 22.4%
Operating result€0.1m-€0.07m▼ 30.5%€0.05m▼ 29.6%€0.07m▲ 41.2%€0.08m▲ 11.1%€0.09m▲ 13.8%€0.09m▲ 1.6%€0.1m▲ 50.1%
Net result€0.09m--€0.1m€0.08mwithin the sector's middle half€0.07mwithin the sector's middle half▼ 7.3%€0.07mwithin the sector's middle half▲ 5.9%-€0.08mbelow the sector's middle half€0.1mwithin the sector's middle half€0.09mwithin the sector's middle half▼ 30.3%
EBIT margin37.1%-29.5%▼ 7.6pp21.0%▼ 8.5pp28.3%▲ 7.3pp29.2%▲ 0.9pp31.2%▲ 2.0pp31.1%▼ 0.2pp38.1%▲ 7.0pp
Equity€0.3m-€0.2m▼ 34.6%€0.4mwithin the sector's middle half▲ 101%€0.5mwithin the sector's middle half▲ 15.6%€0.6mwithin the sector's middle half▲ 14.3%€0.5mwithin the sector's middle half▼ 14.2%€0.6mwithin the sector's middle half▲ 25.9%€0.7mwithin the sector's middle half▲ 14.3%
Total assets€2.8m-€2.7m▼ 2.3%€2.7mwithin the sector's middle half▲ 0.5%€2.8mwithin the sector's middle half▲ 1.5%€2.8mwithin the sector's middle half▲ 1.2%€2.7mwithin the sector's middle half▼ 3.6%€2.8mwithin the sector's middle half▲ 2.2%€2.8mwithin the sector's middle half▲ 1.9%
Debt€2.4m-€2.5m▲ 2.2%€2.3m▼ 8.5%€2.2m▼ 1.3%€2.2m▼ 1.8%€2.2m▼ 0.7%€2.1m▼ 3.3%€2.1m▼ 1.9%
Working capital-€0.7m--€0.8m▼ 11.8%-€0.9mbelow the sector's middle half▼ 10.2%-€0.9mbelow the sector's middle half▼ 5.2%-€1.0mbelow the sector's middle half▼ 4.0%-€1.0mbelow the sector's middle half▼ 3.5%-€1.0mbelow the sector's middle half▼ 3.4%-€1.0mbelow the sector's middle half▲ 1.3%
Solvency12.4%-8.3%▼ 4.1pp16.5%within the sector's middle half▲ 8.3pp18.8%within the sector's middle half▲ 2.3pp21.3%within the sector's middle half▲ 2.4pp18.9%within the sector's middle half▼ 2.3pp23.3%within the sector's middle half▲ 4.4pp26.1%within the sector's middle half▲ 2.9pp
Current ratio0.42-0.42=0.30below the sector's middle half▼ 0.120.30below the sector's middle half=0.30below the sector's middle half=0.31below the sector's middle half▲ 0.010.30below the sector's middle half▼ 0.010.33below the sector's middle half▲ 0.03
Return on assets (ROA)3.4%--4.4%▼ 7.7pp2.8%within the sector's middle half▲ 7.2pp2.5%within the sector's middle half▼ 0.2pp2.7%within the sector's middle half▲ 0.1pp-3.1%below the sector's middle half▼ 5.8pp4.8%above the sector's middle half▲ 7.9pp3.3%within the sector's middle half▼ 1.5pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.3m ▼ 0.5%
Current assets
€501,659 ▲ 14.5%
Equity and liabilities €2.8m
Equity
€733,401 ▲ 14.3%
Provisions
€150
Debt
€2.1m ▼ 1.9%
Debt's share of the balance-sheet total falls from 76.7% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€147,586▲
2024 · €102,271
Cash flow
€104,943▼
2024 · €144,487
Debt to equity
2.82▼
2024 · 3.29
ROE
12.5%▼
2024 · 20.6%
Interest coverage
2.70▲
2024 · 1.82
Debt ≤ 1 year
€1.5m▲
2024 · €1.5m
Debt > 1 year
€540,000▼
2024 · €630,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €247,126 | €265,743 | €286,921 | €288,784 | €358,093 | ▲ 24.0% |
| Turnover70 | €272,565 | €237,880 | €235,504 | €247,126 | €265,668 | €282,877 | €288,784 | €353,531 | ▲ 22.4% |
| Other operating income74 | - | - | - | €0 | €75 | €4,044 | - | €4,562 | - |
| Operating charges60/66A | - | - | - | €177,272 | €188,163 | €198,626 | €199,082 | €223,447 | ▲ 12.2% |
| Services and other goods61 | - | - | - | €117,132 | €122,463 | €139,768 | €137,237 | €154,160 | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,532 | €29,330 | €26,737 | €26,300 | €22,988 | €14,335 | €12,570 | €12,941 | ▲ 3.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €150 | - |
| Other operating charges640/8 | - | - | - | €33,839 | €42,712 | €44,522 | €49,275 | €56,197 | ▲ 14.0% |
| Operating profit (loss)9901 | €101,068 | €70,243 | €49,459 | €69,854 | €77,580 | €88,296 | €89,702 | €134,646 | ▲ 50.1% |
| Financial income75/76B | - | - | - | €58,853 | - | €56,760 | €100,184 | €60,457 | ▼ 39.7% |
| Recurring financial income75 | €54,917 | €58,263 | €59,881 | €53,296 | €55,034 | €56,760 | €58,581 | €60,457 | ▲ 3.2% |
| Income from financial fixed assets750 | - | - | - | €42,739 | €43,995 | €56,704 | €58,581 | €60,457 | ▲ 3.2% |
| Income from current assets751 | - | - | - | €10,557 | €11,039 | - | - | - | - |
| Other financial income752/9 | - | - | - | - | - | €56 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €5,558 | - | - | €41,603 | - | - |
| Financial charges65/66B | - | - | - | €58,621 | €58,408 | €229,367 | €57,968 | €103,100 | ▲ 77.9% |
| Recurring financial charges65 | €63,192 | €63,180 | €63,379 | €58,621 | €58,408 | €58,651 | €57,968 | €56,444 | ▼ 2.6% |
| Debt charges650 | €60,506 | €61,761 | €61,529 | €56,631 | €56,824 | €56,904 | €56,287 | €54,676 | ▼ 2.9% |
| Other financial charges652/9 | - | - | - | €1,990 | €1,584 | €1,747 | €1,681 | €1,768 | ▲ 5.2% |
| Non-recurring financial charges66B | - | - | - | - | - | €170,716 | - | €46,656 | - |
| Profit (loss) for the period before taxes9903 | €92,794 | -€118,674 | €75,613 | €70,086 | €74,206 | -€84,311 | €131,917 | €92,003 | ▼ 30.3% |
| Profit (loss) for the period9904 | €92,794 | -€118,674 | €75,613 | €70,086 | €74,206 | -€84,311 | €131,917 | €92,003 | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €92,794 | -€118,674 | €75,613 | €70,086 | €74,206 | -€84,311 | €131,917 | €92,003 | ▼ 30.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €2.7m | €2.7m | €2.8m | €2.8m | €2.7m | €2.8m | €2.8m | ▲ 1.9% |
| Formation expenses20 | - | - | - | - | - | €0 | - | - | - |
| Fixed assets21/28 | €2.2m | €2.1m | €2.3m | €2.4m | €2.4m | €2.2m | €2.3m | €2.3m | ▼ 0.5% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Financial fixed assets28 | €1.9m | €1.7m | €1.9m | €2.0m | €2.0m | €1.9m | €2.0m | €2.0m | ▲ 0.1% |
| Affiliated companies280/1 | - | - | - | €2.0m | €2.0m | €1.9m | €2.0m | €2.0m | ▲ 0.1% |
| Participating interests280 | - | - | - | €0.5m | €0.5m | €0.3m | €0.4m | €0.3m | ▼ 13.1% |
| Amounts receivable281 | - | - | - | €1.5m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 2.9% |
| Current assets29/58 | €0.5m | €0.6m | €0.4m | €0.4m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 14.5% |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 16.2% |
| Trade receivables40 | - | - | - | €0.02m | €0.03m | €0.04m | €0.03m | €0.05m | ▲ 101% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 10.9% |
| Cash at bank and in hand54/58 | €0.006m | €0.01m | €0.02m | €0.01m | €0.002m | €0.02m | €0 | €0.001m | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.006m | €0.001m | €0.007m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €2.7m | €2.7m | €2.8m | €2.8m | €2.7m | €2.8m | €2.8m | ▲ 1.9% |
| Equity10/15 | €0.3m | €0.2m | €0.4m | €0.5m | €0.6m | €0.5m | €0.6m | €0.7m | ▲ 14.3% |
| Contributions10/11 | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.02m | €0.02m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.1m | €0.06m | €0.1m | €0.2m | €0.1m | €0.3m | €0.3m | ▲ 35.9% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €150 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €150 | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | - | €150 | - |
| Amounts payable17/49 | €2.4m | €2.5m | €2.3m | €2.2m | €2.2m | €2.2m | €2.1m | €2.1m | ▼ 1.9% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 14.3% |
| Financial debts170/4 | - | - | - | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 14.3% |
| Credit institutions173 | - | - | - | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 14.3% |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €1.3m | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Financial debts43 | - | - | - | - | - | - | €0.009m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €0.009m | €0 | ▼ 100% |
| Trade debts44 | €0.01m | €0.06m | €0.03m | €0.03m | €0.03m | €0.04m | €0.03m | €0.04m | ▲ 54.2% |
| Suppliers440/4 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | €0.04m | ▲ 54.2% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0 | €0.003m | €0.04m | ▲ 975% |
| Taxes450/3 | - | - | - | - | - | €0 | €0.003m | €0.04m | ▲ 975% |
| Other amounts payable47/48 | - | - | - | €1.2m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 0.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | €0 | €0 | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,794 | -€118,674 | €75,613 | €70,086 | €74,206 | -€84,311 | €131,917 | €92,003 | ▼ 30.3% |
| + Depreciation and write-downs630 | €32,532 | €29,330 | €26,737 | €26,300 | €22,988 | €14,335 | €12,570 | €12,941 | ▲ 3.0% |
| Operating cash flow (approximation) | €125,325 | -€89,344 | €102,350 | €96,387 | €97,194 | -€69,975 | €144,487 | €104,943 | ▼ 27.4% |
| Investment in fixed assets (approximation) | - | €93,936 | -€244,674 | -€53,025 | -€43,995 | €125,427 | -€88,351 | -€1,339 | ▲ 98.5% |
| Change in cash | - | €3,546 | €9,348 | -€7,694 | -€9,106 | €12,824 | -€15,167 | €543 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 06-07-2026 | 2026-00276218 |
| 31-12-2024 | full format | 27-06-2025 | 2025-00219390 |
| 31-12-2023 | full format | 18-06-2024 | 2024-00138538 |
| 31-12-2022 | full format | 27-07-2023 | 2023-00285990 |
| 31-12-2021 | full format | 13-06-2022 | 2022-20059305 |
| 31-12-2020 | full format | 05-07-2021 | 2021-31200429 |
| 31-12-2019 | full format | 03-07-2020 | 2020-25800183 |
| 31-12-2018 | full format | 02-07-2019 | 2019-28200023 |
| 31-12-2017 | full format | 27-06-2018 | 2018-24300124 |
| 31-12-2016 | full format | 14-06-2017 | 2017-18100004 |
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Of the 9,073 active companies whose main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201), figures are known for 6,766. 4,953 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.