Losses
-€4,474 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
CloudBlue
Lifetime
2 annual accounts with figures on one time axispeak €55 (2025)
€55▲ €1,322
lowest -€3,071 (2024)
-€1,403▲ €1,668
peak €1,929 (2024)
€526▼ 72.7%
€3,535▲ 0.4%
Board1 name since 2023
1 directorDHAWAN Nitin
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from -€1,267 to €55Loss of €1,403Equity from €1,929 to €526
Key points
from the 2025 annual accountsChecked score
54
Fair
Financially stronger than 23% of micro companies in publishing (NACE 58)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,282 companies (NACE 58, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.6 percentage points vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Equity €526 (13.0% of total assets)
lowers risk
Sector: Publishing activities (NACE 58)
Size: total assets €4,062
Liquidity: current ratio 0.81, cash €2,851
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro). It does better than 28% of them on solvency, 45% on liquidity, 8% on profitability and 10% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,207 companies had the same profile as CloudBlue has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CloudBlue itself is lower: 0.2% within 12 months. It rests on far more data about CloudBlue than the profile alone.
Test of the method
The method was tested on the 497,447 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 1,207 companies, not a prediction for CloudBlue. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 14 days after the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DHAWAN Nitin 250 sharesdeed of 10-10-2023
- DHAWAN Krish 250 sharesdeed of 10-10-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1000903012
Incorporation
Founding capital of €5,000, 500 shares · Founders: DHAWAN Nitin and DHAWAN Krish · Appointment: DHAWAN Nitin (director) · published on 10-10-2023 · Gazette deed
First establishment
Italiëlaan 14, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CloudBlue Ixelles | €4,062 | €55 | 13.0% | - |
| ERAWYPS Ottignies-Louvain-la-Neuve | €5,527 | -€26,117 | -379.2% | - |
| nuuro Uccle | €3,411 | -€6,029 | -62.4% | - |
| AUWILSE Ghent | €5,410 | -€2,851 | -50.1% | - |
| Similitude System Zaventem | €2,732 | -€8,131 | -591.6% | - |
| ELLOIS Zuienkerke | €2,773 | -€792 | -19.9% | - |
| Matteryx Ghent | €2,586 | -€1,709 | 46.6% | - |
These companies have the same main activity as CloudBlue: other software publishing (NACE 58290). They are comparable in size and age: total assets between €2,590 and €5,530, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 06-10-2023Normal situation
- Activity
- Other software publishingNACE 58290and 3 others
- Establishment unit
- 2.351.912.3791050 Ixelles, since 06-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2025
Annual accounts 2025
- €4,062▼ 25.5%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on CloudBlue
The annual accounts of CloudBlue for financial year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €526 and a net result of -€1,403.
Its solvency ranks better than 28% of 825 sector peers (NACE 58, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CloudBlue
- What is the company number of CloudBlue?
- The company number of CloudBlue is 1000.903.012. The VAT number is the same number with BE in front: BE 1000.903.012.
- Where is CloudBlue based?
- The registered office is at Italiëlaan 14, 1050 Ixelles.Company details
- What does CloudBlue do?
- According to the KBO register, the main activity is other software publishing (NACE 58290).
- What is the legal form of CloudBlue?
- CloudBlue is a private limited company (BV).
- When was CloudBlue founded?
- CloudBlue was founded on 06-10-2023.
- Is CloudBlue still active?
- Yes, CloudBlue is an active enterprise in the KBO register.
- What is the turnover of CloudBlue?
- The turnover in financial year 2025 is ≈ €420. This figure is estimated from the gross margin of €55 and 6,299 comparable companies of the same size. It probably lies between €190 and €1,000. It is a rough estimate.Financials
- Is CloudBlue profitable?
- In financial year 2025, CloudBlue made a loss of €1,403.
- Where can I find the annual accounts of CloudBlue?
- CloudBlue filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CloudBlue due?
- CloudBlue must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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