Financials
- Fiscal year
- 2025
- Total assets
- €29,640
- Loss
- -€2.0m
- Solvency
- -841.8%
Total assets▼ 98.5%
Net result
20182025
CLUSTEO
ActiveSummary
CLUSTEO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€249,494) and a net result of -€2.0m. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 5% of 2997 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Computer programming
NACE 62100NACE 62010
#10 oldest company in Elsene, Telecoms and IT sector1 site
Size
€29,640total assets 2025
- Equity
- -€249,494
- Loss
- -€2.0m
Turnover not published (abridged schema)
Structure
- Parent
- PERCEVAL TECHNOLOGIES · 99.93%
- Board
- 3 members
Accounts 4 d early2 of 8 deeds read
Why 52Capped at 59: negative equity- 1 change of registered office in 24 months- Loss of €2.0m, the second in a row (FY 2025)- Negative equity -€249,494+ Size: total assets €29,640Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 4% of its sector peers (NACE 62, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0-100
equity -841.8% of total assets
Liquidity
17-33
short-term debt 112.9% · cash 13.5%
Profitability
0-17
return on assets -6632.0%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 1.1%lowest value
08-2026: 1.2%▲ +5.7% vs 07-2026highest value
09-2026: 1.2%● 0.0% vs 08-2026highest value
10-2026: 1.2%● 0.0% vs 09-2026highest value
- Size: total assets €29,640 lowers the probability for this profile
- 1 change of registered office in 24 months raises the probability
- Loss of €2.0m, the second in a row (FY 2025) raises the probability
- Negative equity -€249,494 raises the probability
No credit on open account
Liquidity short (current ratio 0.13 against 0.1 in 2024; short-term debt: 112.9% and cash: 13.5% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 3%, liquidity 6%, profitability 5%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€249,494
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
25 d late
2023
308 d late
2022
153 d late
2021
152 d late
2020
381 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 154 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 December (4 of the last 5 filed years within 156 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Appointments: PANKRATIEVA Ioulia, de VINCK Olga…Reappointment: de VINCK Emmanuel (director)
- Resignations: PERCEVAL TECHNOLOGIES (director) and POLLET…Registered-office move · Capital decrease…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€249,494 View
- Risk: 7 loss-making years in a rowloss fiscal year 2025 -€2.0m View
- Caution: Result fell in 2025from -€34,279 to -€2.0m ▼ 5,634% View
- Caution: Among the weakest 5% on solvencysector median 45.9% · 2,997 companies -841.8% View
- Board changedlatest change 15-07-2026 · 3 in office 3 joined · 2 left View
- Controlled by PERCEVAL TECHNOLOGIES 99.93% View
By topic
Board & ownership
- Board
- 3 members
- Parent
- PERCEVAL TECHNOLOGIES · 99.93%
Go to Board & ownership
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-07-2027
- 27-07-2026Annual accounts filed
- 15-07-2026Appointments: PANKRATIEVA Ioulia, de VINCK Olga and…
- 10-04-2026Resignations: PERCEVAL TECHNOLOGIES (director) and POLLET Henri-Jean…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Computer programmingNACE 62100
- Founded
- 01-08-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 50
- Annual meeting
- Last Friday of May at 11:00
- Purpose
- De rendre des services dans le domaine de gestion, d’organisation, de technologie de…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.