Checked.be
Active
BE 0454.276.536Private limited company
CLUSTER
Natiënlaan 225 ·8300 Knokke-Heist, Belgium· 31 yrs active
Sector: Pre-press and pre-media services
(18130)
Conclusion
CLUSTER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €58k. Equity is growing by ~73.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €130k |
| Net result | €58k |
| Better than sector | 82% |
| Active | 31 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1995, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€12k
estimate, not credit advice
Score history
55
2021
93
2022
78
2023
93
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.13 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.13 (≥ 1.0)
+5
Leverage
Debt/equity 0.19 (< 1.0)
+10
Profitability
ROE 44% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~73.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 18, Printing and reproduction of recorded media · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 83.7% | 51.9% | |
| Net result | €58k | €6k | |
| Equity | €130k | €66k | |
| Gross operating margin | €86k | €31k | |
| Total assets | €155k | €140k |
€-1k
-
21-25
€58k
+12.3%
21-25
€-1k
-
21-25
€155k
+49.3%
21-25
€130k
+79.8%
21-25
€130k
+79.8%
21-25
€29k
+87.1%
21-25
€25k
-20.1%
21-25
€25k
-20.1%
21-25
6.13
+86.9%
21-25
6.13
+86.9%
21-25
83.7%
+20.4%
21-25
0.19
-55.6%
21-25
44.4%
-37.5%
21-25
37.1%
-24.8%
21-25
-34.80
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | €-1k |
| Net profit | €58k | €51k | €2k | €3k | €-2k |
| Cash flow | - | - | - | - | €-1k |
| Staff costs | - | - | - | - | - |
| Income taxes | €29k | €16k | - | €112 | €234 |
| Dividends | - | - | - | - | - |
| Total assets | €155k | €104k | €24k | €22k | €20k |
| Equity | €130k | €72k | €21k | €19k | €17k |
| Debt | €25k | €32k | €3k | €2k | €3k |
| of which ≤ 1y | €25k | €32k | €3k | €2k | €3k |
| of which > 1y | - | - | - | - | - |
| Working capital | €130k | €72k | €21k | €19k | €16k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 6.13 | 3.28 | 7.69 | 9.06 | 6.12 |
| Quick ratio | 6.13 | 3.28 | 7.69 | 9.06 | 6.12 |
| Working capital ratio | 83.7% | 69.5% | 87.0% | 89.0% | 82.5% |
| Solvency | 83.7% | 69.5% | 87.0% | 89.0% | 83.9% |
| Debt / equity | 0.19 | 0.44 | 0.15 | 0.12 | 0.19 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | -34.80 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 37.1% | 49.4% | 7.2% | 11.7% | -7.7% |
| ROE | 44.4% | 71.0% | 8.2% | 13.2% | -9.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €155k | €104k | €24k | €22k | €20k |
| Fixed assets | 21/28 | - | - | - | - | €271 |
| Tangible fixed assets | 22/27 | - | - | - | - | €264 |
| Financial fixed assets | 28 | - | - | - | - | €7 |
| Current assets | 29/58 | €155k | €104k | €24k | €22k | €20k |
| Amounts receivable within one year | 40/41 | €26k | €65k | €23k | €1k | €876 |
| Cash & bank | 54/58 | €10k | €38k | €565 | €20k | €18k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €155k | €104k | €24k | €22k | €20k |
| Equity | 10/15 | €130k | €72k | €21k | €19k | €17k |
| Contributions / capital | 10/11 | €22k | €22k | €22k | €20k | €20k |
| Reserves | 13 | €108k | €50k | - | €2k | €2k |
| Accumulated profits (losses) | 14 | - | - | €-1k | €-3k | €-5k |
| Amounts payable | 17/49 | €25k | €32k | €3k | €2k | €3k |
| Amounts payable within one year | 42/48 | €25k | €32k | €3k | €2k | €3k |
| Trade debts payable within one year | 44 | €2k | €2k | €3k | €850 | €576 |
| Income statement | ||||||
| Gross operating margin | 9900 | €86k | €66k | €2k | €4k | €-159 |
| Operating result | 9901 | €86k | €66k | €2k | €3k | €-1k |
| Financial income | 75 | €1k | €1k | - | - | - |
| Financial charges | 65 | €87 | €44 | €37 | €43 | €34 |
| Result before taxes | 9903 | €87k | €67k | €2k | €3k | €-1k |
| Income taxes | 67/77 | €29k | €16k | - | €112 | €234 |
| Net result for the period | 9904 | €58k | €51k | €2k | €3k | €-2k |
| Result to be appropriated | 9905 | €58k | €51k | €2k | €3k | €-2k |
Directors & mandates
Current directors & mandates
-
KURRIS Marc Catharina RogerDirectorState Gazette act 23449293 (07-12-2023)Current07-12-2023 → present
-
Marc KurrisDirectorState Gazette act 23052453 (18-04-2023)Current18-04-2023 → present
Former directors (1)
-
Marc PopelierDirectorState Gazette act 23052453 (18-04-2023)Former- → 18-04-2023
Legal Structure
| NACE primary | Pre-press and pre-media services(18130) |
| Legal form | Private limited company(610) |
| Incorporation | 06-01-1995 |
| Status | Active |
| Postal code | 8300 |
Establishment units
CLUSTER BVBA
since 19952.069.989.896
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039A0119/00G003 | Flanders | 2,254 m² | 1 · 817 m² | 10.8 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €58k ▲12.3%
Operating result €86k, net result €58k, both a record.
31-12
Financial
Equity above €100kEq €130k ▲79.8%
4 profitable years in a row build equity to €130k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-12
State Gazette act
Director changes
v3.2
18-04
State Gazette act
Director changes
v3.2
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 2
updated 2 years ago
2023
07-12-2023 KURRIS Marc Catharina Roger appointed as director
- KURRIS Marc Catharina Roger, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "KURRIS Marc Catharina Roger",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0454.276.536",
"name_full": "CLUSTER"
}
}18-04-2023 1 director appointed, 1 resigning
- Marc Kurris, Bestuurder
- Marc Popelier, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Marc Popelier",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Marc Kurris",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0454.276.536",
"name_full": "CLUSTER"
}
}Credit advice
Company registry (CBE)
Activities
Pre-press and pre-media services1813022250
Names & trade names
| Legal nameNL | CLUSTER |
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