CLOVERBAR
InactiveCLOVERBAR was declared bankrupt on 31-03-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 21-10-2025, published in the Belgian State Gazette on 07-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2020
88 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 95 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
€92,414▲ 300%
2020 · €23,083
EBIT margin
28.7%▲ 27.9pp
2020 · 0.8%
Net result
€22,699
2020 · -€713
Working capital
-€22,275▲ 45.3%
2020 · -€40,703
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Turnover€25,674-€23,083▼ 10.1%€92,414▲ 300%
Operating result-€115-€186€26,563▲ 14,181%
Net result-€1,590--€713▲ 55.2%€22,699
EBIT margin-0.4%-0.8%▲ 1.3pp28.7%▲ 27.9pp
Equity-€42,177--€42,890▼ 1.7%-€20,191▲ 52.9%
Total assets€11,115-€10,438▼ 6.1%€15,589▲ 49.3%
Debt€53,292-€53,328▲ 0.1%€35,780▼ 32.9%
Working capital-€38,822--€40,703▼ 4.8%-€22,275▲ 45.3%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 14,181% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €15,589
Fixed assets
€6,050 ▼ 6.9%
Current assets
€9,539 ▲ 142%
Key figures and ratios
EBITDA
€27,012▲
2020 · €859
Cash flow
€23,148▲
2020 · -€40
Solvency
-129.5%▲
2020 · -410.9%
Current ratio
0.30▲
2020 · 0.09
Quick ratio
0.28▲
2020 · 0.08
Debt to equity
-1.77▼
2020 · -0.20
ROA
145.6%▲
2020 · -6.8%
Interest coverage
6.99
Debt ≤ 1 year
€31,814▼
2020 · €44,642
Debt > 1 year
€3,966▼
2020 · €8,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €25,674 | €23,083 | €92,414 | ▲ 300% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €64,680 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €673 | €673 | €449 | ▼ 33.3% |
| Other operating charges640/8 | - | - | €721 | - |
| Gross operating margin9900 | €558 | €2,241 | €27,733 | ▲ 1,138% |
| Operating profit (loss)9901 | -€115 | €186 | €26,563 | ▲ 14,181% |
| Financial charges65/66B | - | - | €3,864 | - |
| Recurring financial charges65 | €1,475 | €899 | €3,864 | ▲ 330% |
| Profit (loss) for the period before taxes9903 | -€1,590 | -€713 | €22,699 | ▲ 3,284% |
| Profit (loss) for the period9904 | -€1,590 | -€713 | €22,699 | ▲ 3,284% |
| Profit (loss) for the period to be appropriated9905 | -€1,590 | -€713 | €22,699 | ▲ 3,284% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11,115 | €10,438 | €15,589 | ▲ 49.3% |
| Fixed assets21/28 | €6,121 | €6,499 | €6,050 | ▼ 6.9% |
| Tangible fixed assets22/27 | €1,121 | €449 | - | - |
| Financial fixed assets28 | €5,000 | €6,050 | €6,050 | = |
| Current assets29/58 | €4,994 | €3,939 | €9,539 | ▲ 142% |
| Stocks and contracts in progress3 | €1,551 | €490 | €490 | = |
| Stocks30/36 | - | - | €490 | - |
| Amounts receivable within one year40/41 | €2,075 | €3,150 | €5,619 | ▲ 78.4% |
| Other amounts receivable41 | - | - | €5,619 | - |
| Cash at bank and in hand54/58 | €1,368 | €299 | €3,430 | ▲ 1,047% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11,115 | €10,438 | €15,589 | ▲ 49.3% |
| Equity10/15 | -€42,177 | -€42,890 | -€20,191 | ▲ 52.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€60,777 | -€61,490 | -€38,791 | ▲ 36.9% |
| Amounts payable17/49 | €53,292 | €53,328 | €35,780 | ▼ 32.9% |
| Amounts payable after more than one year17 | €9,476 | €8,686 | €3,966 | ▼ 54.3% |
| Financial debts170/4 | - | - | €3,966 | - |
| Amounts payable within one year42/48 | €43,816 | €44,642 | €31,814 | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | - | - | €16,016 | - |
| Trade debts44 | €12,361 | €11,045 | €3,069 | ▼ 72.2% |
| Suppliers440/4 | - | - | €3,069 | - |
| Other amounts payable47/48 | - | - | €12,729 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,590 | -€713 | €22,699 | ▲ 3,284% |
| + Depreciation and write-downs630 | €673 | €673 | €449 | ▼ 33.3% |
| Operating cash flow (approximation) | -€917 | -€40 | €23,148 | ▲ 57,970% |
| Investment in fixed assets (approximation) | - | -€1,051 | €0 | ▲ 100% |
| Change in cash | - | -€1,069 | €3,131 | ▲ 393% |
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
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 21-10-2025
08-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 31-03-2025
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
31-12
Financial
Back to profitnet €22,699
Net result €22,699 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
31-03-2025 → 21-10-2025 |