CLOVIA
ActiveSummary
CLOVIA has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238,330 and a net result of -€61,819. Equity is shrinking by about 6.1% per year across the filed financial years. Its solvency ranks better than 18% of 2,056 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Staff
- 0.5 FTE
- Equity
- €238,330
- Loss
- -€61,819
- Holdings
- 1
Why 63raises riskLatest accounts 60 days late; 3 of the last 3 late1 change of registered office in 24 monthsLiquidity: current ratio 0.68, cash €137,879, halvedlowers riskSize: 0.5 FTE, total assets €3.9mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 73, micro): better than 17% on solvency, 12% on liquidity, 22% on profitability and 24% on growth.
The bankruptcy probability was computed on 21-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 57 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Registered office · NameName change · Registered-office move…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529668.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 83% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 92.7% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €302 | - | €3,886 | €11,138 | €10,378 | ▼ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121,968 | €124,462 | €136,697 | €228,186 | €174,265 | €0 | €72,267 | €98,849 | ▲ 36.8% |
| Other operating charges640/8 | - | - | - | €62,890 | €7,229 | €11,005 | €10,058 | €4,706 | ▼ 53.2% |
| Non-recurring operating charges66A | - | - | - | - | €50,000 | €221,805 | €0 | - | - |
| Gross operating margin9900 | -€52,083 | €321,560 | €209,871 | €292,233 | €271,617 | €61,023 | €192,284 | €130,455 | ▼ 32.2% |
| Operating profit (loss)9901 | -€217,822 | €188,642 | €60,075 | €855 | €40,124 | -€175,673 | €98,821 | €16,522 | ▼ 83.3% |
| Financial income75/76B | - | - | - | €5,546 | €1 | €2 | €143 | €410 | ▲ 186% |
| Recurring financial income75 | €4 | €8,718 | €1,073 | €5,546 | €1 | €2 | €143 | €173 | ▲ 20.8% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €237 | - |
| Financial charges65/66B | - | - | - | €24,910 | €44,509 | €38,039 | €134,496 | €61,326 | ▼ 54.4% |
| Recurring financial charges65 | €17,983 | €30,237 | €21,203 | €24,910 | €44,509 | €38,039 | €134,496 | €61,326 | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | -€237,867 | €167,123 | €39,944 | -€18,509 | -€4,384 | -€213,710 | -€35,532 | -€44,394 | ▼ 24.9% |
| Income taxes67/77 | €1 | €66,348 | €0 | - | - | €4,190 | €0 | €17,425 | - |
| Profit (loss) for the period9904 | -€237,868 | €100,776 | €39,944 | -€18,509 | -€4,384 | -€217,900 | -€35,532 | -€61,819 | ▼ 74.0% |
| Profit (loss) for the period to be appropriated9905 | -€237,868 | €100,776 | €39,944 | -€18,509 | -€4,384 | -€217,900 | -€35,532 | -€61,819 | ▼ 74.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €2.0m | €2.0m | €3.1m | €3.6m | €3.6m | €3.7m | €3.9m | ▲ 3.0% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.4m | €2.4m | €2.3m | €1.7m | €1.6m | €2.2m | ▲ 36.6% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.4m | €2.4m | €2.3m | €1.7m | €1.6m | €2.2m | ▲ 36.7% |
| Land and buildings22 | - | - | - | €1.9m | €1.9m | €1.5m | €1.4m | €1.9m | ▲ 36.5% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.007m | €0.01m | €0.08m | ▲ 564% |
| Furniture and vehicles24 | - | - | - | €0.5m | €0.4m | €0.2m | €0.2m | €0.2m | ▲ 9.2% |
| Leasing and similar rights25 | - | - | - | - | - | - | €0.03m | €0.02m | ▼ 27.1% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 0.1% |
| Current assets29/58 | €0.5m | €0.8m | €0.6m | €0.7m | €1.3m | €1.9m | €2.1m | €1.6m | ▼ 23.0% |
| Amounts receivable within one year40/41 | €0.1m | €0.4m | €0.3m | €0.5m | €0.7m | €0.2m | €0.3m | €0.2m | ▼ 46.0% |
| Trade receivables40 | - | - | - | €0.2m | €0.05m | €132 | €0.02m | - | - |
| Other amounts receivable41 | - | - | - | €0.3m | €0.7m | €0.2m | €0.3m | €0.2m | ▼ 41.6% |
| Current investments50/53 | - | - | - | - | €0.02m | €1.3m | €1.3m | €1.3m | ▲ 0.9% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.07m | €0.2m | €0.1m | €0.4m | €0.1m | ▼ 64.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.3m | €0.2m | €0.1m | €0.03m | ▼ 78.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €2.0m | €2.0m | €3.1m | €3.6m | €3.6m | €3.7m | €3.9m | ▲ 3.0% |
| Equity10/15 | €0.3m | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 20.6% |
| Contributions10/11 | €0.4m | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Revaluation surpluses12 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Tax-exempt reserves132 | - | - | - | €185 | €185 | €185 | €185 | €185 | ▲ 0.2% |
| Profit (loss) carried forward14 | -€0.4m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.5m | -€0.6m | -€0.6m | ▼ 10.9% |
| Amounts payable17/49 | €1.4m | €1.5m | €1.5m | €2.6m | €3.1m | €3.2m | €3.4m | €3.6m | ▲ 5.1% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €1.6m | €1.6m | €1.4m | €0.4m | €0.7m | ▲ 47.3% |
| Financial debts170/4 | - | - | - | €1.6m | €1.6m | €1.4m | €0.4m | €0.7m | ▲ 47.3% |
| Amounts payable within one year42/48 | €0.1m | €0.4m | €0.4m | €0.4m | €0.9m | €1.3m | €2.5m | €2.4m | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.5m | €0.6m | €1.5m | €1.6m | ▲ 5.3% |
| Trade debts44 | €0.004m | €0.007m | €341 | €0.003m | €0.05m | €0.2m | €0.1m | €0.02m | ▼ 85.5% |
| Suppliers440/4 | - | - | - | €0.003m | €0.05m | €0.2m | €0.1m | €0.02m | ▼ 85.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.007m | €0.004m | €0 | €0.01m | - |
| Taxes450/3 | - | - | - | €0.02m | €0.007m | €0.004m | €0 | €0.01m | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.3m | €0.5m | €0.9m | €0.8m | ▼ 12.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.5m | €0.6m | €0.5m | €0.5m | €0.6m | ▲ 18.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.1m | €0.04m | -€0.02m | -€0.004m | -€0.2m | -€0.04m | -€0.06m | ▼ 74.0% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0 | €0.07m | €0.1m | ▲ 36.8% |
| Operating cash flow (approximation) | -€0.1m | €0.2m | €0.2m | €0.2m | €0.2m | -€0.2m | €0.04m | €0.04m | ▲ 0.8% |
| Investment in fixed assets (approximation) | - | -€0.08m | -€0.3m | -€1.3m | -€0.02m | €0.5m | €0.03m | -€0.7m | - |
| Change in cash | - | -€0.03m | €0.003m | -€0.05m | €0.2m | -€0.09m | €0.3m | -€0.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-09-2026 | 2026-00529668 |
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00514654 |
| 31-12-2023 | abbreviated format | 19-12-2024 | 2024-00619900 |
| 31-12-2022 | abbreviated format | 30-09-2023 | 2023-00472762 |
| 31-12-2021 | abbreviated format | 18-10-2022 | 2022-20470919 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-66000061 |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-25200428 |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-68600217 |
| 31-12-2017 | abbreviated format | 26-09-2018 | 2018-65200489 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56500053 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €120,799 awarded · €120,799 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €75,965 |
| 2024 | 1 | €75,965 | €44,834 |
| 2023 | 1 | €44,834 | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- Asian Global Partners LimitedHKsubsidiarySourceown accounts 2022100%
According to the 2022 annual accounts of CLOVIA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
30-04
Gazette deed
Registered office · NameName change · Registered-office move · Power of attorney5 facts ▸
- General meeting, 31-03-2025
- Name change, CLOVIA
- Registered-office move, Hagaard 8,3090 Overijse
- Power of attorney, Van Oudenhove Benjamin (director)
- Amendment of the articles
26-04
Gazette deed
Resignation: Benjamin Van Oudenhove (manager)Reappointment: Benjamin Van Oudenhove (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 23-04-2024
- Other provision, “handelsnaam toevoeging, toevoegen” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Director resignation, Benjamin Van Oudenhove (manager)
- Director reappointment, Benjamin Van Oudenhove (director (not named in the articles))
- Director discharge, Benjamin Van Oudenhove
- Registered office clause, “verklaring adres zetel, Roger Vandendriesschelaan 40” (deed in Dutch)
- Power of attorney, Anne Verhaeghe
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23546L0778/00F000 | Flanders | 1,088 m² | 1 · 160 m² | - |
| 23402E0176/00B000 | Flanders | 609 m² | 1 · 483 m² | 16.7 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het leveren van advies in financiële, juridische en economische materies in de meest ruime zin; Het opnemen van bestuursfuncties in…” (deed in Dutch)
8 activities (deed in Dutch)
- Het leveren van advies in financiële, juridische en economische materies in de meest ruime zin
- Het opnemen van bestuursfuncties in binnenlandse en buitenlandse vennootschappen en verenigingen
- Het investeren in ondernemingen naar binnenlands of buitenlands recht
- Het investeren in, aankopen, verkopen, renoveren, decoreren, huren, verhuren, in pand geven, leasen, verhandelen van onroerende goederen en roerende goederen zoals wijn en gelijkaardige artikelen, antiek, verzamelingen van alle aard, wagens en toebehoren, kunstwerken en aanverwante voorwerpen; alles te begrijpen in de meeste ruim zin van het woord
- Het verwerven, aanhouden en verkopen van participaties
- Het organiseren van evenementen in de meest ruime betekenis, daarin inbegrepen alle neven-activiteiten en randactiviteiten, het toeleveren van de benodigde materialen zelf of via tussenpersonen, en het verlenen van
- Advies inzake het organiseren van evenementen in de meest ruime betekenis van het woord
- Het verlenen van diensten zoals het ter beschikking stellen van personeel
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- R.E. INVESTMENTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijk Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of in het buitenland” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering die benoemt” (deed in Dutch)“Al dan niet ten kosteloze titel, algemene kosten los van representatie- reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met voorgeschreven vermeldingen van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor de helft ten laste van overdrager en voor andere helft ten laste van koper(s), naar evenredigheid bij meer kopers, ook bij weigering…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, recht algemene vergadering om één of meerdere vereffenaars aan te duiden,bevoegdheden te…” (deed in Dutch)