CLOVRA
ActiveSummary
The computed 12-month bankruptcy probability of CLOVRA is 2.7% (moderate). The 2024 annual accounts show equity of €213,149 and a net result of -€25,505. Equity is growing by about 2.7% per year across the filed financial years. The company has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €213,149
- Loss
- -€25,505
Why 50raises riskFigures for financial year 2024 (filed 17-07-2025)Liquidity: current ratio 0.58, cash €1,622, halvedNo main activity registeredlowers riskSize: total assets €548,457Show the evidence
Checked score
About 3 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 (no NACE code, micro): better than 38% on solvency, 12% on liquidity, 17% on profitability and 20% on growth.
The bankruptcy probability was computed on 24-10-2026 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 6 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · abbreviated…
- General meeting · Annual general meetingAmendment of the articles ·…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 25 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €13,854 after €216,206 in 2023, the lowest result in the available series.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 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% |
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 8,617 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 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €230,408 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,371 | €31,451 | €28,626 | €26,214 | €33,059 | €27,529 | €29,493 | ▲ 7.1% |
| Other operating charges640/8 | - | - | - | €14,512 | €10,610 | €14,334 | €13,419 | ▼ 6.4% |
| Gross operating margin9900 | €38,457 | -€42,230 | €37,617 | €60,836 | €41,720 | €258,069 | €29,057 | ▼ 88.7% |
| Operating profit (loss)9901 | -€19,956 | -€88,774 | -€3,781 | €20,111 | -€1,948 | €216,206 | -€13,854 | - |
| Financial income75/76B | - | - | - | €1,557 | €2,360 | €3,592 | €5,795 | ▲ 61.3% |
| Recurring financial income75 | €2,782 | €2,146 | €1,488 | €1,557 | €2,360 | €3,592 | €5,795 | ▲ 61.3% |
| Financial charges65/66B | - | - | - | €8,951 | €13,786 | €17,856 | €18,217 | ▲ 2.0% |
| Recurring financial charges65 | €18,748 | €18,468 | €11,001 | €8,951 | €13,786 | €17,856 | €18,217 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€35,922 | -€105,096 | -€19,321 | €12,717 | -€13,375 | €201,942 | -€26,277 | - |
| Transfer from deferred taxes780 | - | - | - | €151 | €1,079 | €3,585 | €965 | ▼ 73.1% |
| Income taxes67/77 | €318 | €301 | €345 | €418 | €499 | €8,743 | €193 | ▼ 97.8% |
| Profit (loss) for the period9904 | -€35,774 | -€105,061 | -€19,515 | €12,450 | -€12,795 | €196,785 | -€25,505 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €293 | €2,095 | €6,963 | €1,873 | ▼ 73.1% |
| Profit (loss) for the period to be appropriated9905 | -€34,868 | -€104,409 | -€19,222 | €12,744 | -€10,701 | €203,747 | -€23,632 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €863,565 | €640,308 | €624,996 | €623,447 | €622,958 | €543,563 | €548,457 | ▲ 0.9% |
| Fixed assets21/28 | €587,768 | €568,799 | €541,071 | €531,145 | €498,086 | €391,561 | €362,068 | ▼ 7.5% |
| Tangible fixed assets22/27 | €585,729 | €566,760 | €539,033 | €529,106 | €496,048 | €389,522 | €360,030 | ▼ 7.6% |
| Land and buildings22 | - | - | - | €511,002 | €481,943 | €371,754 | €346,202 | ▼ 6.9% |
| Furniture and vehicles24 | - | - | - | €18,104 | €14,104 | €17,768 | €13,828 | ▼ 22.2% |
| Financial fixed assets28 | €2,039 | €2,039 | €2,039 | €2,039 | €2,039 | €2,039 | €2,039 | = |
| Current assets29/58 | €275,797 | €71,508 | €83,925 | €92,302 | €124,872 | €152,002 | €186,389 | ▲ 22.6% |
| Stocks and contracts in progress3 | €125,465 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €120,091 | €54,370 | €78,184 | €85,094 | €111,065 | €144,960 | €182,183 | ▲ 25.7% |
| Trade receivables40 | - | - | - | €4,166 | €5,630 | €6,615 | €8,095 | ▲ 22.4% |
| Other amounts receivable41 | - | - | - | €80,928 | €105,435 | €138,345 | €174,088 | ▲ 25.8% |
| Cash at bank and in hand54/58 | €20,938 | €10,305 | €2,967 | €4,607 | €11,352 | €4,270 | €1,622 | ▼ 62.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,601 | €2,455 | €2,773 | €2,584 | ▼ 6.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €863,565 | €640,308 | €624,996 | €623,447 | €622,958 | €543,563 | €548,457 | ▲ 0.9% |
| Equity10/15 | €181,387 | €76,325 | €56,810 | €69,261 | €56,465 | €253,250 | €213,149 | ▼ 15.8% |
| Contributions10/11 | €62,000 | €62,000 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €216,132 | €215,480 | €215,187 | €39,748 | €37,654 | €191,250 | €174,780 | ▼ 8.6% |
| Tax-exempt reserves132 | - | - | - | €39,748 | €37,654 | €30,691 | €28,818 | ▼ 6.1% |
| Distributable reserves133 | - | - | - | - | - | €160,559 | €145,963 | ▼ 9.1% |
| Profit (loss) carried forward14 | -€96,745 | -€201,155 | -€220,377 | -€32,487 | -€43,188 | - | -€23,632 | - |
| Provisions and deferred taxes16 | €21,114 | €20,778 | €20,627 | €20,477 | €19,398 | €15,813 | €14,848 | ▼ 6.1% |
| Deferred taxes168 | - | - | - | €20,477 | €19,398 | €15,813 | €14,848 | ▼ 6.1% |
| Amounts payable17/49 | €661,064 | €543,204 | €547,558 | €533,710 | €547,095 | €274,501 | €320,461 | ▲ 16.7% |
| Amounts payable after more than one year17 | €331,985 | €20,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €328,944 | €523,185 | €547,558 | €533,710 | €544,116 | €274,501 | €320,461 | ▲ 16.7% |
| Financial debts43 | - | - | - | €515,000 | €530,000 | €250,000 | €265,000 | ▲ 6.0% |
| Credit institutions430/8 | - | - | - | €515,000 | €530,000 | €250,000 | €265,000 | ▲ 6.0% |
| Trade debts44 | €58,228 | €7,884 | €11,851 | €16,323 | €12,399 | €14,459 | €31,128 | ▲ 115% |
| Suppliers440/4 | - | - | - | €16,323 | €12,399 | €14,459 | €31,128 | ▲ 115% |
| Taxes, remuneration and social security45 | - | - | - | €763 | €917 | €9,242 | €23,532 | ▲ 155% |
| Taxes450/3 | - | - | - | €763 | €917 | €9,242 | €23,532 | ▲ 155% |
| Other amounts payable47/48 | - | - | - | €1,624 | €800 | €800 | €800 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,978 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,774 | -€105,061 | -€19,515 | €12,450 | -€12,795 | €196,785 | -€25,505 | - |
| + Depreciation and write-downs630 | €30,371 | €31,451 | €28,626 | €26,214 | €33,059 | €27,529 | €29,493 | ▲ 7.1% |
| Operating cash flow (approximation) | -€5,403 | -€73,610 | €9,111 | €38,664 | €20,263 | €224,314 | €3,987 | ▼ 98.2% |
| Investment in fixed assets (approximation) | - | -€12,482 | -€898 | -€16,287 | €0 | €78,996 | €0 | ▼ 100% |
| Change in cash | - | -€10,633 | -€7,339 | €1,641 | €6,745 | -€7,082 | -€2,648 | ▲ 62.6% |
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 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 17-07-2025 | 2025-00280202 |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00479578 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00160079 |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20203426 |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-24700293 |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-32000244 |
| 31-12-2018 | abbreviated format | 25-06-2019 | 2019-22700438 |
| 31-12-2017 | micro format | 26-06-2018 | 2018-24000584 |
| 31-12-2016 | micro format | 29-06-2017 | 2017-24400076 |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-25200349 |
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.
History
Acts, filings and financial milestones
Show earlier events
About the unread acts
We know of 7 Belgian Official Gazette acts for this company. None of them has 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 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71065F0274/00E000 | Flanders | 1,649 m² | 1 · 270 m² | 5.4 m · 1 |