Turnover
≈ €51,000 estimated
The accounts state no turnover.
CLS IMMO
Lifetime
5 annual accounts with figures on one time axispeak €60,293 (2023)
€12,253
lowest -€34,520 (2021)
-€5,512
peak €54,717 (2020)
€43,427
€395,756
Board2 names since 2020
1 directorItalo SANTINI
Documentsfilings and deeds
18-03-202646 days late
2025micro format
Loss of €5,512Assemblee Generale - Annee Comptable 04-02No figures for the year before
Key points
from the 2025 annual accountsChecked score
52
Fair
Financially stronger than 23% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 0.9%▼ -0.7 percentage points vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025lowest value
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.4 percentage points vs 07-2025
09-2025: 1.5%▲ +0.2 percentage points vs 08-2025
10-2025: 2.3%▲ +0.8 percentage points vs 09-2025
11-2025: 2.4%▲ +0.1 percentage points vs 10-2025
12-2025: 2.7%▲ +0.3 percentage points vs 11-2025
01-2026: 4.3%▲ +1.6 percentage points vs 12-2025
02-2026: 4.3%● unchanged vs 01-2026
03-2026: 4.6%▲ +0.3 percentage points vs 02-2026highest value
04-2026: 2.2%▼ -2.4 percentage points vs 03-2026
05-2026: 2.2%● unchanged vs 04-2026
06-2026: 2.3%▲ +0.1 percentage points vs 05-2026
07-2026: 2.3%● unchanged vs 06-2026
08-2026: 2.3%● unchanged vs 07-2026
09-2026: 2.3%● unchanged vs 08-2026
10-2026: 2.1%▼ -0.2 percentage points vs 09-2026
11-2026: 2.0%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 47 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.18
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €439,183
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 68, micro). It does better than 31% of them on solvency, 9% on liquidity and 30% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 849 companies had the same profile as CLS IMMO has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLS IMMO itself: 2.0% within 12 months.
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 849 companies, not a prediction for CLS IMMO. 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
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.18 (1.25 in 2023), below the usual 1.5. Short-term debt is 84.4% of total assets. 90.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 46 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-03-2026, 46 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
46 days late
2023
106 days late
2022
34 days early
2021
11 days early
2020
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 16 days after the deadline. In the sector (NACE 68), the median for financial year 2023 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0744590806
Assemblee Generale - Annee Comptable
General meeting of 06/12/204 · Gazette deed
Company renamed from GTC IMMO to CLS IMMO
General meeting of 25-04-2023 · Gazette deed
Registered office moved from Colfontaine to Quaregnon
Transfer of 100 shares from Grégory CUCUZZELLA to Italo SANTINI · New registered office: Zoning Industriel du Brûlé n°59 à 7390 QUAREGNON · Previous registered office: Rue du Petit-Wasmes n°22/A à 7340 COLFONTAINE · General meeting of 14-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CLS IMMO Quaregnon | €439,183 | €12,253 | 9.9% | - |
| YFSI Cartel Knokke-Heist | €449,055 | €13,157 | 9.8% | - |
| K-Imvest Beveren-Kruibeke-Zwijndrecht | €436,941 | €7,879 | 4.0% | - |
| MAAJ CONSTRUCT Kampenhout | €487,487 | €18,484 | 13.6% | - |
| PRO Development Huy | €349,402 | €13,303 | 19.6% | - |
| ANTÉMA Fosses-la-Ville | €440,532 | €20,078 | 58.3% | - |
| HDP-Construct Evergem | €549,407 | €16,894 | -1.5% | - |
These companies have the same main activity as CLS IMMO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €349,000 and €549,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 29-02-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.300.346.2887340 Colfontaine, since 29-02-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 26-11-2025
Insights on CLS IMMO
CLS IMMO files the micro format. That format states no turnover. The gross margin fell from €35,072 in 2020 to €12,253 in 2025.
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 CLS IMMO
- What is the company number of CLS IMMO?
- The company number of CLS IMMO is 0744.590.806. The VAT number is the same number with BE in front: BE 0744.590.806.
- Where is CLS IMMO based?
- The registered office is at Rue du Zoning du Brûle 59, 7390 Quaregnon.Company details
- What does CLS IMMO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of CLS IMMO?
- CLS IMMO is a private limited company (BV).
- When was CLS IMMO founded?
- CLS IMMO was founded on 29-02-2020.
- Is CLS IMMO still active?
- Yes, CLS IMMO is an active enterprise in the KBO register.
- What is the turnover of CLS IMMO?
- The turnover in financial year 2025 is ≈ €51,000. This figure is estimated from the gross margin of €12,253 and 48 comparable companies (NACE 68121). It probably lies between €25,000 and €160,000. It is a rough estimate.Financials
- Is CLS IMMO profitable?
- In financial year 2025, CLS IMMO made a loss of €5,512.
- Where can I find the annual accounts of CLS IMMO?
- CLS IMMO filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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