Equity
CLOUD WALKER has made a profit in every financial year since 2020.
CLOUD WALKER has made a profit in every financial year since 2020.
The result rose in 2025 from €89,039 to €162,513.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2021 accounts came latest: 29 days after the end of the period.
Higher net result than 95% of companies in real estate. Sector median €5,995 · 17,190 companies.
In July 2024, 6,782 companies had the same profile as CLOUD WALKER has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for CLOUD WALKER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CLOUD WALKER Bruges | €1.3m | €270,822 | 44.5% | - |
| 't Boerenhuys Pittem | €1.2m | €278,064 | 30.3% | 1.4 |
| ANKUR ESTATE Torhout | €1.2m | €206,012 | 7.6% | - |
| FH Properties Uccle | €1.3m | €256,674 | 36.6% | - |
| RACE WORLD HOLDING Malmedy | €1.5m | €227,546 | 17.7% | - |
| DUXI INVEST Grimbergen | €1.4m | €219,486 | 11.2% | - |
| RT INVESTS Nivelles | €1.0m | €282,934 | 26.2% | - |
These companies have the same main activity as CLOUD WALKER: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1m and €1.5m, founded between 2018 and 2019.
CLOUD WALKER files the micro format. That format states no turnover. The gross margin rose from €148,863 in 2020 to €270,822 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €650,000. Estimated: probably between €390,000 and €800,000.
Higher than 62% of 17,199 companies in 2025.
Higher than 70% of 16,496 companies in 2025.
Higher than 78% of 16,875 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.3m | 1.1m | 1.1m | 892,819 | 464,099 | 301,094 | |
21/28 |
835,927 | 787,002 | 809,630 | 552,333 | 137,045 | 138,326 | |
22/27 |
714,967 | 666,042 | 688,670 | 431,373 | 137,045 | 138,326 | |
22 |
714,967 | 665,809 | 688,199 | 430,665 | 133,332 | 133,216 | |
24 |
0 | 233 | 470 | 708 | 3,713 | 5,110 | |
28 |
120,960 | 120,960 | 120,960 | 120,960 | - | - | |
29/58 |
483,056 | 313,758 | 257,649 | 340,486 | 327,054 | 162,768 | |
3 |
- | - | - | - | - | 9,755 | |
30/36 |
- | - | - | - | - | 9,755 | |
40/41 |
312,028 | 220,028 | 217,869 | 201,004 | 169,952 | 112,258 | |
40 |
125,795 | 123,776 | 122,565 | 86,084 | 114,604 | 15,933 | |
41 |
186,233 | 96,252 | 95,304 | 114,919 | 55,348 | 96,325 | |
54/58 |
168,698 | 92,602 | 38,696 | 137,051 | 156,853 | 39,782 | |
490/1 |
2,330 | 1,128 | 1,085 | 2,431 | 249 | 973 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.3m | 1.1m | 1.1m | 892,819 | 464,099 | 301,094 | |
10/15 |
587,043 | 424,530 | 336,291 | 264,169 | 218,159 | 120,347 | |
10/11 |
3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |
13 |
583,543 | 421,030 | 332,791 | 260,669 | 214,659 | 116,847 | |
133 |
583,543 | 421,030 | 332,791 | 260,669 | 214,659 | 116,847 | |
14 |
0 | 0 | 0 | - | - | - | |
17/49 |
731,939 | 676,230 | 730,988 | 628,649 | 245,940 | 180,747 | |
17 |
515,821 | 512,274 | 569,554 | 481,408 | 94,169 | 100,541 | |
170/4 |
515,821 | 512,274 | 569,554 | 481,408 | 94,169 | 100,541 | |
42/48 |
215,012 | 162,976 | 161,434 | 144,752 | 151,071 | 80,206 | |
42 |
60,281 | 57,280 | 59,105 | 43,939 | 6,372 | 6,259 | |
44 |
18,498 | 11,977 | 26,979 | 10,112 | 8,198 | 24,064 | |
440/4 |
18,498 | 11,977 | 26,979 | 10,112 | 8,198 | 24,064 | |
46 |
2,280 | 2,280 | 2,250 | - | - | - | |
45 |
114,908 | 54,267 | 17,656 | 30,695 | 76,526 | 26,428 | |
450/3 |
113,580 | 52,789 | 14,453 | 27,670 | 71,564 | 26,428 | |
454/9 |
1,328 | 1,477 | 3,203 | 3,025 | 4,962 | - | |
47/48 |
19,044 | 37,173 | 55,445 | 60,006 | 59,975 | 23,455 | |
492/3 |
1,107 | 979 | 0 | 2,490 | 700 | - | |
| Income statement | |||||||
76A |
71,319 | - | - | - | - | - | |
9900 |
270,822 | 176,486 | 134,549 | 64,309 | 136,369 | 148,863 | |
630 |
27,319 | 27,874 | 27,905 | 8,095 | 6,799 | 4,286 | |
631/4 |
0 | 3,750 | - | - | - | - | |
640/8 |
4,111 | 1,598 | 1,991 | 3,540 | 1,502 | 1,687 | |
9901 |
239,393 | 143,264 | 104,653 | 52,673 | 128,068 | 142,889 | |
75/76B |
1,490 | 948 | 5,395 | 1,393 | 344 | 744 | |
75 |
1,490 | 948 | 5,395 | 1,393 | 344 | 744 | |
65/66B |
25,936 | 21,783 | 22,667 | 7,911 | 3,807 | 358 | |
65 |
25,936 | 21,783 | 22,667 | 7,911 | 3,807 | 358 | |
9903 |
214,947 | 122,429 | 87,381 | 46,155 | 124,605 | 143,275 | |
67/77 |
52,434 | 33,390 | 14,460 | 144 | 26,794 | 26,428 | |
9904 |
162,513 | 89,039 | 72,921 | 46,011 | 97,812 | 116,847 | |
9905 |
162,513 | 89,039 | 72,921 | 46,011 | 97,812 | 116,847 | |
| Appropriation of the result | |||||||
9906 |
162,513 | 89,039 | 72,921 | 46,011 | 97,812 | 116,847 | |
691/2 |
162,513 | 88,239 | 72,121 | 46,011 | 97,812 | 116,847 | |
6921 |
162,513 | 88,239 | 72,121 | 46,011 | 97,812 | 116,847 | |
694/7 |
0 | 800 | 800 | - | - | - | |
694 |
0 | 800 | 800 | - | - | - | |
| Document | |||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00320557 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00186158 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00374983 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00240256 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20332905 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23800245 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 266,712 | 171,138 | 132,558 | 60,769 | 134,868 | 147,176 | ||
| 189,832 | 116,913 | 100,826 | 54,106 | 104,611 | 121,134 | ||
| 228,475 | 5,247 | 285,201 | 426,151 | 5,518 | 141,273 | ||
| 76,096 | 53,906 | -98,355 | -19,802 | 117,072 | - | ||
| 268,044 | 150,781 | 96,215 | 195,734 | 175,983 | 82,562 | ||
| 44.5% | 38.6% | 31.5% | 29.6% | 47.0% | 40.0% | ||
| 2.25 | 1.93 | 1.60 | 2.35 | 2.16 | 2.03 | ||
| 2.25 | 1.93 | 1.60 | 2.35 | 2.16 | 1.91 | ||
| 1.25 | 1.59 | 2.17 | 2.38 | 1.13 | 1.50 | ||
| 27.7% | 21.0% | 21.7% | 17.4% | 44.8% | 97.1% | ||
| 12.3% | 8.1% | 6.8% | 5.2% | 21.1% | 38.8% | ||
| 10.28 | 7.86 | 5.85 | 7.68 | 35.42 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €232,800 | €232,800 | €232,800 | €232,800 | €106,800 |
| Carrying value of the mortgaged assets | €714,967 | €665,809 | €688,199 | €430,665 | €133,332 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €228,475 | €5,247 | €285,201 | €305,191 | €5,518 |
| Financial fixed assets | - | - | - | €120,960 | - |
| €27,319 | €27,874 | €27,905 | €8,095 | €6,799 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 67% higher than in 2024 and the highest since 2020. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 61.4% to 55.5%. Equity and debt are higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| CANDICO
registered office since 01-01-2013 · founded in 2012 |
total assets €1.7m (2025) 0508.517.550 |
| ALTOHAUS
registered office since 03-10-2017 · founded in 2017 |
total assets €640,177 (2025) 0682.459.633 |
| Dr. Frederic Baekelandt
establishment since 04-01-2019 · founded in 2019 |
total assets €497,702 (2025) 0717.637.672 |
| Name | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 18% | ||||
Source: list of holdings in its own accounts
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 29 May 2019, CLOUD WALKER was incorporated as a private limited company by one natural person, with a starting capital of €3,500.12 In 2026 the registered office moved to Bruges.3 is director of the company, appointed by deed of 03-06-2019.2 Total assets went from €301,094 in 2020 to €1.3m in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Gouden-Boomstraat 35 registered office 8000 Bruges | ||
| Krakeelstraat 1 8490 Jabbeke | 29-05-2019 | 2.293.448.895 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31041A0844/00M000 | 1,543 m² | 1 · 154 m² | 7.8 m · 2 |
| 31808M0523/00K003 | 467 m² | 1 · 158 m² | 11.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0727.635.305
If something looks wrong or is missing, please tell us.