CLS IMMO
ActiveSummary
CLS IMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-6k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability34▼-57
Solvency35▼-10
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.25 in 2023; short-term debt: 84.4% of total assets), and 90.1% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.9%
Return on assets
-1.3%
Age of the figures
15 mo
neutral · Filed after the deadline
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. 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 · 5 filingsDeviation from the deadline
2025
46 d late
2023
106 d late
2022
34 d early
2021
11 d early
2020
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k
2023 · €52k
Working capital
€68k▲ 39.9%
2023 · €49k
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
Line20202021202220232025
Operating result€9k-€-29k€-20k▲ 30.9%€58k€10k-
Net result€5k-€-35k€-23k▲ 33.5%€52k€-6k-
Equity€55k-€20k▼ 63.1%€-3k€49k€43k-
Total assets€339k-€188k▼ 44.4%€161k▼ 14.6%€241k▲ 49.9%€439k-
Debt€284k-€168k▼ 40.8%€163k▼ 2.7%€192k▲ 17.5%€396k-
Working capital€55k-€20k▼ 63.8%€-3k€49k€68k-
Result per fiscal year
Operating resultNet result
The operating result is €10k in 2025, compared with €58k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €439k
Fixed assets
€363 =
Current assets
€439k ▲ 82.5%
Equity and liabilities €439k
Equity
€43k ▼ 11.3%
Debt
€396k ▲ 106%
Debt's share of the balance-sheet total rises from 79.7% to 90.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.18▼
2023 · 1.25
Quick ratio
0.15▼
2023 · 0.37
Debt to equity
9.11▲
2023 · 3.92
ROE
-12.7%▼
2023 · 105.6%
ROA
-1.3%▼
2023 · 21.5%
Debt ≤ 1 year
€371k▲
2023 · €192k
Debt > 1 year
€25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1k | €6k | €2k | €2k | - |
| Gross operating margin9900 | €35k | €-28k | €-14k | €60k | €12k | - |
| Operating profit (loss)9901 | €9k | €-29k | €-20k | €58k | €10k | - |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €7k | €3k | €7k | €16k | - |
| Recurring financial charges65 | €3k | €7k | €3k | €7k | €16k | - |
| Profit (loss) for the period before taxes9903 | €6k | €-35k | €-23k | €52k | €-6k | - |
| Income taxes67/77 | €2k | €-635 | - | - | - | - |
| Profit (loss) for the period9904 | €5k | €-35k | €-23k | €52k | €-6k | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €-35k | €-23k | €52k | €-6k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €339k | €188k | €161k | €241k | €439k | - |
| Fixed assets21/28 | - | €363 | €363 | €363 | €363 | - |
| Financial fixed assets28 | - | €363 | €363 | €363 | €363 | - |
| Current assets29/58 | €339k | €188k | €160k | €240k | €439k | - |
| Stocks and contracts in progress3 | €274k | €120k | €160k | €169k | €384k | - |
| Stocks30/36 | - | €120k | €160k | €169k | €384k | - |
| Amounts receivable within one year40/41 | - | €40k | €714 | €42k | €55k | - |
| Trade receivables40 | - | €20k | - | €42k | €14k | - |
| Other amounts receivable41 | - | €20k | €714 | €131 | €41k | - |
| Cash at bank and in hand54/58 | €54k | €28k | €12 | €30k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €339k | €188k | €161k | €241k | €439k | - |
| Equity10/15 | €55k | €20k | €-3k | €49k | €43k | - |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | - |
| Capital10 | - | - | - | - | €50k | - |
| Issued capital100 | - | - | - | - | €50k | - |
| Outside capital11 | - | €50k | €50k | - | - | - |
| Share premium1100/10 | - | €50k | €50k | - | - | - |
| Profit (loss) carried forward14 | €5k | €-30k | €-53k | €-1k | €-7k | - |
| Amounts payable17/49 | €284k | €168k | €163k | €192k | €396k | - |
| Amounts payable after more than one year17 | - | - | - | - | €25k | - |
| Financial debts170/4 | - | - | - | - | €25k | - |
| Amounts payable within one year42/48 | €284k | €168k | €163k | €192k | €371k | - |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5k | - |
| Financial debts43 | - | - | - | - | €51k | - |
| Credit institutions430/8 | - | - | - | - | €51k | - |
| Trade debts44 | €9k | €7k | €363 | €374 | €132k | - |
| Suppliers440/4 | - | €7k | €363 | €374 | €132k | - |
| Taxes, remuneration and social security45 | - | - | - | €9k | €3k | - |
| Taxes450/3 | - | - | - | €9k | €3k | - |
| Other amounts payable47/48 | - | €160k | €163k | €182k | €179k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-35k | €-23k | €52k | €-6k | - |
| Operating cash flow (approximation) | €5k | €-35k | €-23k | €52k | €-6k | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - |
| Change in cash | - | €-26k | €-28k | €30k | - | - |
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
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 106 days late
2023
31-12
Financial
Back to profitnet €52k
Net result €52k after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Quaregnon · 1 establishment unit since 2020
Ground area
1,764 m²
Building footprint
925 m²
Volume, LiDAR
3,552 m³
2 parcels, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GTC IMMO
since 20202.300.346.288
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53065A0467/00M000 | Wallonia | 1,630 m² | 1 · 648 m² | 6.2 m · 2 fl. |
| 53079D0053/00S219 | Wallonia | 135 m² | 1 · 277 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 4,894 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-02-2020
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.