CLOVER
ActiveSummary
CLOVER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.37M and a net result of €62k. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▲+5
Solvency76=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.18 in 2023; short-term debt: 42.4% and cash: 9.1% of total assets), and 48.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.2%
Return on assets
0.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
51 d early
2022
21 d early
2021
18 d early
2020
5 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€4.37M▲ 1.4%
2023 · €4.31M
2018: €4.10Mlowest in 7 years
2019: €4.15M▲ +1.2% vs 2018
2020: €4.15M▲ +0.1% vs 2019
2021: €4.20M▲ +1.1% vs 2020
2022: €4.26M▲ +1.4% vs 2021
2023: €4.31M▲ +1.0% vs 2022
2024: €4.37M▲ +1.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€8.53M▲ 1.0%
2023 · €8.44M
2018: €6.55Mlowest in 7 years
2019: €6.62M▲ +1.1% vs 2018
2020: €8.24M▲ +24.5% vs 2019
2021: €8.32M▲ +0.9% vs 2020
2022: €8.39M▲ +0.9% vs 2021
2023: €8.44M▲ +0.6% vs 2022
2024: €8.53M▲ +1.0% vs 2023highest in 7 years
2018 → 2024
Net result
€62k▲ 41.2%
2023 · €44k
2018: €32k
2019: €49k▲ +51.8% vs 2018
2020: €3k▼ -94.1% vs 2019lowest in 7 years
2021: €48k▲ +1552% vs 2020
2022: €59k▲ +24.2% vs 2021
2023: €44k▼ -26.3% vs 2022
2024: €62k▲ +41.2% vs 2023highest in 7 years
2018 → 2024
Working capital
€-2.82M▲ 5.3%
2023 · €-2.98M
2018: €-2.07M
2019: €-1.93M▲ +6.9% vs 2018highest in 7 years
2020: €-3.42M▼ -77.7% vs 2019lowest in 7 years
2021: €-3.27M▲ +4.5% vs 2020
2022: €-3.12M▲ +4.6% vs 2021
2023: €-2.98M▲ +4.5% vs 2022
2024: €-2.82M▲ +5.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.15M-€4.20M▲ 1.1%€4.26M▲ 1.4%€4.31M▲ 1.0%€4.37M▲ 1.4%
2020: €4.15Mlowest in 5 years
2021: €4.20M▲ +1.1% vs 2020
2022: €4.26M▲ +1.4% vs 2021
2023: €4.31M▲ +1.0% vs 2022
2024: €4.37M▲ +1.4% vs 2023highest in 5 years
Operating result€58k-€46k▼ 21.8%€82k▲ 79.9%€63k▼ 23.7%€86k▲ 37.0%
2020: €58k
2021: €46k▼ -21.8% vs 2020lowest in 5 years
2022: €82k▲ +79.9% vs 2021
2023: €63k▼ -23.7% vs 2022
2024: €86k▲ +37.0% vs 2023highest in 5 years
Net result€3k-€48k▲ 1,552%€59k▲ 24.2%€44k▼ 26.3%€62k▲ 41.2%
2020: €3klowest in 5 years
2021: €48k▲ +1552% vs 2020
2022: €59k▲ +24.2% vs 2021
2023: €44k▼ -26.3% vs 2022
2024: €62k▲ +41.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.53M
Fixed assets
€7.73M ▼ 0.6%
Current assets
€795k ▲ 20.6%
Equity and liabilities €8.53M
Equity
€4.37M ▲ 1.4%
Debt
€4.16M ▲ 0.6%
Debt's share of the balance-sheet total falls from 49.0% to 48.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136k▲
2023 · €113k
Cash flow
€112k▲
2023 · €94k
Current ratio
0.22▲
2023 · 0.18
Debt to equity
0.95▼
2023 · 0.96
ROE
1.4%▲
2023 · 1.0%
ROA
0.7%▲
2023 · 0.5%
Interest coverage
3.04▲
2023 · 2.45
Debt ≤ 1 year
€3.62M▼
2023 · €3.64M
Income taxes
€16k▲
2023 · €8k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8.44M€8.53M▲
Fixed assets21/28€7.78M€7.73M▼
Tangible fixed assets22/27€6.76M€6.71M▼
Land and buildings22€6.76M€6.71M▼
Financial fixed assets28€1.02M€1.02M=
Current assets29/58€660k€795k▲
Amounts receivable within one year40/41€10k€16k▲
Other amounts receivable41€10k€16k▲
Cash at bank and in hand54/58€649k€780k▲
Equity and liabilities
Total equity and liabilities10/49€8.44M€8.53M▲
Equity10/15€4.31M€4.37M▲
Contributions10/11€3.27M€3.27M=
Capital10€3.27M€3.27M=
Issued capital100€3.27M€3.27M=
Reserves13€63k€66k▲
Non-distributable reserves130/1€63k€66k▲
Legal reserve130€63k€66k▲
Profit (loss) carried forward14€970k€1.03M▲
Amounts payable17/49€4.14M€4.16M▲
Amounts payable within one year42/48€3.64M€3.62M▼
Trade debts44-€12k
Suppliers440/4-€12k
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€3.64M€3.60M▼
Accrued charges and deferred income492/3€497k€542k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€50k=
Other operating charges640/8€30k€31k▲
Gross operating margin9900€143k€167k▲
Operating profit (loss)9901€63k€86k▲
Financial income75/76B€35k€37k▲
Recurring financial income75€35k€37k▲
Financial charges65/66B€46k€45k▼
Recurring financial charges65€46k€45k▼
Profit (loss) for the period before taxes9903€52k€78k▲
Income taxes67/77€8k€16k▲
Profit (loss) for the period9904€44k€62k▲
Profit (loss) for the period to be appropriated9905€44k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€973k€1.03M▲
Profit (loss) brought forward from the previous period14P€929k€970k▲
Transfer to equity691/2€3k€4k▲
To the legal reserve6920€3k€4k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50k | €50k | €50k | €50k | €50k | = |
| Other operating charges640/8 | - | €25k | €27k | €30k | €31k | ▲ 2.9% |
| Gross operating margin9900 | €132k | €121k | €159k | €143k | €167k | ▲ 16.8% |
| Operating profit (loss)9901 | €58k | €46k | €82k | €63k | €86k | ▲ 37.0% |
| Financial income75/76B | - | €55k | €35k | €35k | €37k | ▲ 4.2% |
| Recurring financial income75 | - | €55k | €35k | €35k | €37k | ▲ 4.2% |
| Financial charges65/66B | - | €49k | €48k | €46k | €45k | ▼ 2.9% |
| Recurring financial charges65 | €50k | €49k | €48k | €46k | €45k | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €8k | €52k | €70k | €52k | €78k | ▲ 50.4% |
| Income taxes67/77 | €5k | €5k | €11k | €8k | €16k | ▲ 100% |
| Profit (loss) for the period9904 | €3k | €48k | €59k | €44k | €62k | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €3k | €48k | €59k | €44k | €62k | ▲ 41.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.24M | €8.32M | €8.39M | €8.44M | €8.53M | ▲ 1.0% |
| Fixed assets21/28 | €7.93M | €7.88M | €7.83M | €7.78M | €7.73M | ▼ 0.6% |
| Tangible fixed assets22/27 | €6.91M | €6.86M | €6.81M | €6.76M | €6.71M | ▼ 0.7% |
| Land and buildings22 | - | €6.86M | €6.81M | €6.76M | €6.71M | ▼ 0.7% |
| Financial fixed assets28 | €1.02M | €1.02M | €1.02M | €1.02M | €1.02M | = |
| Current assets29/58 | €310k | €434k | €561k | €660k | €795k | ▲ 20.6% |
| Amounts receivable within one year40/41 | €9k | €17k | €22k | €10k | €16k | ▲ 54.6% |
| Other amounts receivable41 | - | €17k | €22k | €10k | €16k | ▲ 54.6% |
| Cash at bank and in hand54/58 | €301k | €417k | €539k | €649k | €780k | ▲ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.24M | €8.32M | €8.39M | €8.44M | €8.53M | ▲ 1.0% |
| Equity10/15 | €4.15M | €4.20M | €4.26M | €4.31M | €4.37M | ▲ 1.4% |
| Contributions10/11 | €3.27M | €3.27M | €3.27M | €3.27M | €3.27M | = |
| Capital10 | - | €3.27M | €3.27M | €3.27M | €3.27M | = |
| Issued capital100 | - | €3.27M | €3.27M | €3.27M | €3.27M | = |
| Reserves13 | €54k | €57k | €60k | €63k | €66k | ▲ 5.7% |
| Non-distributable reserves130/1 | - | €57k | €60k | €63k | €66k | ▲ 5.7% |
| Legal reserve130 | - | €57k | €60k | €63k | €66k | ▲ 5.7% |
| Profit (loss) carried forward14 | €828k | €873k | €929k | €970k | €1.03M | ▲ 6.0% |
| Amounts payable17/49 | €4.09M | €4.11M | €4.13M | €4.14M | €4.16M | ▲ 0.6% |
| Amounts payable within one year42/48 | €3.73M | €3.70M | €3.68M | €3.64M | €3.62M | ▼ 0.6% |
| Trade debts44 | - | - | €7k | - | €12k | - |
| Suppliers440/4 | - | - | €7k | - | €12k | - |
| Taxes, remuneration and social security45 | - | €2k | €2k | €1k | €3k | ▲ 168% |
| Taxes450/3 | - | €2k | €2k | €1k | €3k | ▲ 168% |
| Other amounts payable47/48 | - | €3.70M | €3.67M | €3.64M | €3.60M | ▼ 0.9% |
| Accrued charges and deferred income492/3 | - | €410k | €451k | €497k | €542k | ▲ 9.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €48k | €59k | €44k | €62k | ▲ 41.2% |
| + Depreciation and write-downs630 | €50k | €50k | €50k | €50k | €50k | = |
| Operating cash flow (approximation) | €53k | €98k | €110k | €94k | €112k | ▲ 19.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €116k | €122k | €110k | €130k | ▲ 17.8% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €62k ▲41.2%
Operating result €86k, net result €62k, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €3k ▼94.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Gent
Ground area
3.8 ha
Building footprint
9,120 m²
Parcel 44807G0718/00R000, Flanders. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0718/00R000 | Flanders | 3.8 ha | 1 · 9,120 m² | - |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded23-02-1995
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.