CLOUD WALKER
ActiveSummary
CLOUD WALKER has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €587k and a net result of €163k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+5
Solvency70▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.93 in 2024; short-term debt: 16.3% and cash: 12.8% of total assets), but 55.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
44.5%
Return on assets
12.3%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
34 d early
2023
27 d late
2022
14 d early
2021
29 d late
2020
37 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
€587k▲ 38.3%
2024 · €425k
2020: €120klowest in 6 years
2021: €218k▲ +81.3% vs 2020
2022: €264k▲ +21.1% vs 2021
2023: €336k▲ +27.3% vs 2022
2024: €425k▲ +26.2% vs 2023
2025: €587k▲ +38.3% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.32M▲ 19.8%
2024 · €1.10M
2020: €301klowest in 6 years
2021: €464k▲ +54.1% vs 2020
2022: €893k▲ +92.4% vs 2021
2023: €1.07M▲ +19.5% vs 2022
2024: €1.10M▲ +3.1% vs 2023
2025: €1.32M▲ +19.8% vs 2024highest in 6 years
2020 → 2025
Net result
€163k▲ 82.5%
2024 · €89k
2020: €117k
2021: €98k▼ -16.3% vs 2020
2022: €46k▼ -53.0% vs 2021lowest in 6 years
2023: €73k▲ +58.5% vs 2022
2024: €89k▲ +22.1% vs 2023
2025: €163k▲ +82.5% vs 2024highest in 6 years
2020 → 2025
Working capital
€268k▲ 77.8%
2024 · €151k
2020: €83klowest in 6 years
2021: €176k▲ +113% vs 2020
2022: €196k▲ +11.2% vs 2021
2023: €96k▼ -50.8% vs 2022
2024: €151k▲ +56.7% vs 2023
2025: €268k▲ +77.8% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€218k-€264k▲ 21.1%€336k▲ 27.3%€425k▲ 26.2%€587k▲ 38.3%
2021: €218klowest in 5 years
2022: €264k▲ +21.1% vs 2021
2023: €336k▲ +27.3% vs 2022
2024: €425k▲ +26.2% vs 2023
2025: €587k▲ +38.3% vs 2024highest in 5 years
Operating result€128k-€53k▼ 58.9%€105k▲ 98.7%€143k▲ 36.9%€239k▲ 67.1%
2021: €128k
2022: €53k▼ -58.9% vs 2021lowest in 5 years
2023: €105k▲ +98.7% vs 2022
2024: €143k▲ +36.9% vs 2023
2025: €239k▲ +67.1% vs 2024highest in 5 years
Net result€98k-€46k▼ 53.0%€73k▲ 58.5%€89k▲ 22.1%€163k▲ 82.5%
2021: €98k
2022: €46k▼ -53.0% vs 2021lowest in 5 years
2023: €73k▲ +58.5% vs 2022
2024: €89k▲ +22.1% vs 2023
2025: €163k▲ +82.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 67% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.32M
Fixed assets
€836k ▲ 6.2%
Current assets
€483k ▲ 54.0%
Equity and liabilities €1.32M
Equity
€587k ▲ 38.3%
Debt
€732k ▲ 8.2%
Debt's share of the balance-sheet total falls from 61.4% to 55.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€267k▲
2024 · €171k
Cash flow
€190k▲
2024 · €117k
Current ratio
2.25▲
2024 · 1.93
Debt to equity
1.25▼
2024 · 1.59
ROE
27.7%▲
2024 · 21.0%
ROA
12.3%▲
2024 · 8.1%
Interest coverage
10.28▲
2024 · 7.86
Debt ≤ 1 year
€215k▲
2024 · €163k
Debt > 1 year
€516k▲
2024 · €512k
Income taxes
€52k▲
2024 · €33k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.32M▲
Fixed assets21/28€787k€836k▲
Tangible fixed assets22/27€666k€715k▲
Land and buildings22€666k€715k▲
Furniture and vehicles24€233€0▼
Financial fixed assets28€121k€121k=
Current assets29/58€314k€483k▲
Amounts receivable within one year40/41€220k€312k▲
Trade receivables40€124k€126k▲
Other amounts receivable41€96k€186k▲
Cash at bank and in hand54/58€93k€169k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.32M▲
Equity10/15€425k€587k▲
Contributions10/11€4k€4k=
Reserves13€421k€584k▲
Distributable reserves133€421k€584k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€676k€732k▲
Amounts payable after more than one year17€512k€516k▲
Financial debts170/4€512k€516k▲
Amounts payable within one year42/48€163k€215k▲
Current portion of amounts payable after more than one year42€57k€60k▲
Trade debts44€12k€18k▲
Suppliers440/4€12k€18k▲
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€54k€115k▲
Taxes450/3€53k€114k▲
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€37k€19k▼
Accrued charges and deferred income492/3€979€1k▲
Income statement
Code20242025
Non-recurring operating income76A-€71k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€0▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€176k€271k▲
Operating profit (loss)9901€143k€239k▲
Financial income75/76B€948€1k▲
Recurring financial income75€948€1k▲
Financial charges65/66B€22k€26k▲
Recurring financial charges65€22k€26k▲
Profit (loss) for the period before taxes9903€122k€215k▲
Income taxes67/77€33k€52k▲
Profit (loss) for the period9904€89k€163k▲
Profit (loss) for the period to be appropriated9905€89k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€163k▲
Transfer to equity691/2€88k€163k▲
To other reserves6921€88k€163k▲
Profit to be distributed694/7€800€0▼
Return on contributions (dividend)694€800€0▼
The notes to these accounts (13 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €71k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €28k | €28k | €27k | ▼ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4k | €0 | ▼ 100% |
| Other operating charges640/8 | €2k | €4k | €2k | €2k | €4k | ▲ 157% |
| Gross operating margin9900 | €136k | €64k | €135k | €176k | €271k | ▲ 53.5% |
| Operating profit (loss)9901 | €128k | €53k | €105k | €143k | €239k | ▲ 67.1% |
| Financial income75/76B | €344 | €1k | €5k | €948 | €1k | ▲ 57.2% |
| Recurring financial income75 | €344 | €1k | €5k | €948 | €1k | ▲ 57.2% |
| Financial charges65/66B | €4k | €8k | €23k | €22k | €26k | ▲ 19.1% |
| Recurring financial charges65 | €4k | €8k | €23k | €22k | €26k | ▲ 19.1% |
| Profit (loss) for the period before taxes9903 | €125k | €46k | €87k | €122k | €215k | ▲ 75.6% |
| Income taxes67/77 | €27k | €144 | €14k | €33k | €52k | ▲ 57.0% |
| Profit (loss) for the period9904 | €98k | €46k | €73k | €89k | €163k | ▲ 82.5% |
| Profit (loss) for the period to be appropriated9905 | €98k | €46k | €73k | €89k | €163k | ▲ 82.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €464k | €893k | €1.07M | €1.10M | €1.32M | ▲ 19.8% |
| Fixed assets21/28 | €137k | €552k | €810k | €787k | €836k | ▲ 6.2% |
| Tangible fixed assets22/27 | €137k | €431k | €689k | €666k | €715k | ▲ 7.3% |
| Land and buildings22 | €133k | €431k | €688k | €666k | €715k | ▲ 7.4% |
| Furniture and vehicles24 | €4k | €708 | €470 | €233 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €121k | €121k | €121k | €121k | = |
| Current assets29/58 | €327k | €340k | €258k | €314k | €483k | ▲ 54.0% |
| Amounts receivable within one year40/41 | €170k | €201k | €218k | €220k | €312k | ▲ 41.8% |
| Trade receivables40 | €115k | €86k | €123k | €124k | €126k | ▲ 1.6% |
| Other amounts receivable41 | €55k | €115k | €95k | €96k | €186k | ▲ 93.5% |
| Cash at bank and in hand54/58 | €157k | €137k | €39k | €93k | €169k | ▲ 82.2% |
| Deferred charges and accrued income490/1 | €249 | €2k | €1k | €1k | €2k | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €464k | €893k | €1.07M | €1.10M | €1.32M | ▲ 19.8% |
| Equity10/15 | €218k | €264k | €336k | €425k | €587k | ▲ 38.3% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves13 | €215k | €261k | €333k | €421k | €584k | ▲ 38.6% |
| Distributable reserves133 | €215k | €261k | €333k | €421k | €584k | ▲ 38.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €246k | €629k | €731k | €676k | €732k | ▲ 8.2% |
| Amounts payable after more than one year17 | €94k | €481k | €570k | €512k | €516k | ▲ 0.7% |
| Financial debts170/4 | €94k | €481k | €570k | €512k | €516k | ▲ 0.7% |
| Amounts payable within one year42/48 | €151k | €145k | €161k | €163k | €215k | ▲ 31.9% |
| Current portion of amounts payable after more than one year42 | €6k | €44k | €59k | €57k | €60k | ▲ 5.2% |
| Trade debts44 | €8k | €10k | €27k | €12k | €18k | ▲ 54.5% |
| Suppliers440/4 | €8k | €10k | €27k | €12k | €18k | ▲ 54.5% |
| Advances received on contracts in progress46 | - | - | €2k | €2k | €2k | = |
| Taxes, remuneration and social security45 | €77k | €31k | €18k | €54k | €115k | ▲ 112% |
| Taxes450/3 | €72k | €28k | €14k | €53k | €114k | ▲ 115% |
| Remuneration and social security454/9 | €5k | €3k | €3k | €1k | €1k | ▼ 10.1% |
| Other amounts payable47/48 | €60k | €60k | €55k | €37k | €19k | ▼ 48.8% |
| Accrued charges and deferred income492/3 | €700 | €2k | €0 | €979 | €1k | ▲ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98k | €46k | €73k | €89k | €163k | ▲ 82.5% |
| + Depreciation and write-downs630 | €7k | €8k | €28k | €28k | €27k | ▼ 2.0% |
| Operating cash flow (approximation) | €105k | €54k | €101k | €117k | €190k | ▲ 62.4% |
| Investment in fixed assets (approximation) | - | €-423k | €-285k | €-5k | €-76k | ▼ 1,353% |
| Change in cash | - | €-20k | €-98k | €54k | €76k | ▲ 41.2% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €163k ▲82.5%
Operating result €239k, net result €163k, both a record.
31-12
Financial
Equity above €500kEq €587k ▲38.3%
6 profitable years in a row build equity to €587k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €46k ▼53%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €200kEq €218k ▲81.3%
2 profitable years in a row build equity to €218k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brugge · 1 establishment unit since 2019
Ground area
2,010 m²
Building footprint
311 m²
Volume, LiDAR
1,676 m³
2 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CLOUD WALKER
since 20192.293.448.895
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31041A0844/00M000 | Flanders | 1,543 m² | 1 · 154 m² | 7.8 m · 2 fl. |
| 31808M0523/00K003 | Flanders | 467 m² | 1 · 158 m² | 11.3 m · 2 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 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,405 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
Founded29-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.