KLACKEN
ActiveKLACKEN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468k and a net result of €-112k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 1722 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-20
Solvency40▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.71 against 1.16 in 2024; short-term debt: 6.8% and cash: 4% of total assets), and 84.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1722 sector peers (2025).
NBB · sector comparisonPosition among 1722 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
27 d late
2023
27 d late
2022
2 d early
2021
25 d late
2020
44 d late
2019
85 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€468k▼ 19.2%
2024 · €580k
2018: €-626k
2019: €-55k
2020: €-67k
2021: €-138k
2022: €-248k
2023: €577k
2024: €580k
2018 → 2025
Total assets
€3.09M▼ 4.3%
2024 · €3.23M
2019: €2.08M
2020: €2.36M
2021: €2.63M
2022: €2.82M
2023: €2.79M
2024: €3.23M
2019 → 2025
Net result
€-112k
2024 · €3k
2019: €-61k
2020: €-12k
2021: €-71k
2022: €-110k
2023: €-68k
2024: €3k
2019 → 2025
Working capital
€-62k
2024 · €35k
2019: €-156k
2020: €-93k
2021: €58k
2022: €-166k
2023: €-107k
2024: €35k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-138k-€-248k▼ 79.8%€577k€580k▲ 0.4%€468k▼ 19.2%
Operating result€-50k-€-103k▼ 106%€-62k▲ 39.6%€-128k▼ 105%€-213k▼ 66.0%
Net result€-71k-€-110k▼ 54.4%€-68k▲ 38.2%€3k€-112k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €213k in 2025 against €128k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.09M
Fixed assets
€2.94M▼ 1.1%
Current assets
€147k▼ 41.7%
Equity and liabilities €3.09M
Equity
€468k▼ 19.2%
Debt
€2.62M▼ 1.0%
The debt ratio rises from 82.0% to 84.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-55k▼
2024 · €36k
Cash flow
€46k▼
2024 · €167k
Solvency
15.2%▼
2024 · 18.0%
Current ratio
0.71▼
2024 · 1.16
Quick ratio
0.71▼
2024 · 1.16
Debt / equity
5.60▲
2024 · 4.57
ROE
-23.8%▼
2024 · 0.4%
ROA
-3.6%▼
2024 · 0.1%
Interest coverage
-2.67▼
2024 · 1.83
Debt
€2.62M▼
2024 · €2.65M
Debt ≤ 1 year
€209k▼
2024 · €217k
Debt > 1 year
€2.41M▼
2024 · €2.43M
Staff costs
€51k▼
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.23M€3.09M▼
Fixed assets21/28€2.98M€2.94M▼
Tangible fixed assets22/27€1.27M€1.18M▼
Land and buildings22€412k€393k▼
Plant, machinery and equipment23€703k€638k▼
Furniture and vehicles24€33k€31k▼
Other tangible fixed assets26€117k€121k▲
Financial fixed assets28€1.71M€1.76M▲
Current assets29/58€253k€147k▼
Amounts receivable within one year40/41€192k€15k▼
Trade receivables40€42k€11k▼
Other amounts receivable41€150k€4k▼
Cash at bank and in hand54/58€57k€122k▲
Deferred charges and accrued income490/1€4k€10k▲
Equity and liabilities
Total equity and liabilities10/49€3.23M€3.09M▼
Equity10/15€580k€468k▼
Contributions10/11€1.54M€1.54M=
Profit (loss) carried forward14€-965k€-1.08M▼
Amounts payable17/49€2.65M€2.62M▼
Amounts payable after more than one year17€2.43M€2.41M▼
Financial debts170/4€847k€697k▼
Other amounts payable178/9€1.58M€1.71M▲
Amounts payable within one year42/48€217k€209k▼
Current portion of amounts payable after more than one year42€170k€153k▼
Trade debts44€10k€34k▲
Suppliers440/4€10k€34k▲
Taxes, remuneration and social security45€33k€21k▼
Taxes450/3€18k€10k▼
Remuneration and social security454/9€15k€12k▼
Other amounts payable47/48€4k€541▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€51k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164k€158k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€90k€-167▼
Operating profit (loss)9901€-128k€-213k▼
Financial income75/76B€150k€124k▼
Recurring financial income75€150k€100k▼
Non-recurring financial income76B€386€24k▲
Financial charges65/66B€20k€23k▲
Recurring financial charges65€20k€21k▲
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€3k€-112k▼
Profit (loss) for the period9904€3k€-112k▼
Profit (loss) for the period to be appropriated9905€3k€-112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-965k€-1.08M▼
Profit (loss) brought forward from the previous period14P€-967k€-965k▲
Social balance
Average headcount (FTE)90870.951,197.7▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-112k ▼4552%
Net result drops to €-112k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.48 to 1.16.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Equity above €500kEq €577k
Equity rises from €-248k to €577k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Liquidity times 6current ratio 2.34
Current ratio from 0.38 to 2.34; short-term debt falls from €150k to €43k.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 85 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lievegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijvers 819930 LievegemGround area
602 m²
Building footprint
284 m²
Volume, LiDAR
1,181 m³
Parcel 44080F0934/00H000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Klacken
since 20192.297.633.357
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080F0934/00H000 | Flanders | 602 m² | 1 · 284 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 4 entries · 28,450 EUR awarded · 28,450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 206 EUR | 12,706 EUR |
| 2023 | 2 | 28,244 EUR | 15,744 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
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W.W.D. HORSE POWER
BE 0599.985.877
Peer · Eq €476k
TKX EQUISERVICES
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Bree · Eq €480k
DE JOLIE
BE 0695.387.852
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METTA
BE 0823.923.245
Lokeren · Eq €483k
Of 1,958 companies in sector 01430 we hold annual accounts for 743. 462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2003
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
93110Operation of sports facilities
46110Wholesale trade
46190Agents in non-specialised wholesale trade
46231Wholesale of live animals
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.