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KLAVIER

Active
Private limited companyfounded 2021active for 5 yearsTiensesteenweg 313, 3010 Leuven, BelgiumKBO/BCE: BE 0768.771.421
Summary

KLAVIER has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €346,512 and a net result of €5,569. Equity is shrinking by about 4.3% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · financial year 2025, micro format

Equity
€346,512▲ 1.6%
2024 · €340,943
Total assets
€2.3m▼ 4.1%
2024 · €2.4m
Net result
€5,569
2024 · -€22,100
Working capital
-€112,664▼ 3.8%
2024 · -€108,548
Trend over the years

2021 to 2025, 5 financial years

The operating result recovers in 2025; 2025 is 121% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.04m 2025 Net result€0.006m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result-€0.04m--€0.07m▼ 108%€0.04m€0.02m▼ 52.8%€0.04m▲ 121%
Net result-€0.05m--€0.09m▼ 101%€0.005m-€0.02m€0.006m
Equity€0.5m-€0.4m▼ 20.9%€0.4m▲ 1.4%€0.3m▼ 6.1%€0.3m▲ 1.6%
Total assets€1.4m-€2.1m▲ 46.0%€2.5m▲ 19.7%€2.4m▼ 4.7%€2.3m▼ 4.1%
Debt€1.0m-€1.7m▲ 77.2%€2.1m▲ 23.6%€2.0m▼ 4.5%€1.9m▼ 5.1%
Working capital€0.005m--€0.1m-€0.09m▲ 5.8%-€0.1m▼ 18.2%-€0.1m▼ 3.8%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets €2.3m ▼ 4.0%
Current assets €2,990 ▼ 47.2%
Equity and liabilities €2.3m
Equity €346,512 ▲ 1.6%
Debt €1.9m ▼ 5.1%
Debt's share of the balance-sheet total falls from 85.6% to 84.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€136,796▲
2024 · €114,775
Cash flow
€102,780▲
2024 · €74,738
Current ratio
0.03▼
2024 · 0.05
Debt to equity
5.57▼
2024 · 5.97
ROE
1.6%▲
2024 · -6.5%
ROA
0.2%▲
2024 · -0.9%
Interest coverage
4.02▲
2024 · 2.87
Debt ≤ 1 year
€115,654▲
2024 · €114,212
Debt > 1 year
€1.8m▼
2024 · €1.9m
Income taxes
€0▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96.6% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.4% stopped otherwise
96.6% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.3m▼
Fixed assets21/28€2.4m€2.3m▼
Tangible fixed assets22/27€2.4m€2.3m▼
Land and buildings22€2.4m€2.3m▼
Plant, machinery and equipment23€0.01m€0.01m▼
Current assets29/58€0.006m€0.003m▼
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Current investments50/53€30€24▼
Cash at bank and in hand54/58€0.006m€0.003m▼
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.3m▼
Equity10/15€0.3m€0.3m▲
Contributions10/11€0.5m€0.5m=
Profit (loss) carried forward14-€0.2m-€0.2m▲
Amounts payable17/49€2.0m€1.9m▼
Amounts payable after more than one year17€1.9m€1.8m▼
Financial debts170/4€1.9m€1.8m▼
Amounts payable within one year42/48€0.1m€0.1m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Trade debts44€0.001m€401▼
Suppliers440/4€0.001m€401▼
Other amounts payable47/48€0.002m€0.002m▼
Accrued charges and deferred income492/3€0.007m€0.006m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Other operating charges640/8€0.01m€0.01m▲
Gross operating margin9900€0.1m€0.1m▲
Operating profit (loss)9901€0.02m€0.04m▲
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€0.04m€0.03m▼
Recurring financial charges65€0.04m€0.03m▼
Profit (loss) for the period before taxes9903-€0.02m€0.006m▲
Income taxes67/77€0€0▲
Profit (loss) for the period9904-€0.02m€0.006m▲
Profit (loss) for the period to be appropriated9905-€0.02m€0.006m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.2m▲
Profit (loss) brought forward from the previous period14P-€0.1m-€0.2m▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,895€60,935€100,583€96,838€97,211▲ 0.4%
Other operating charges640/8€4,834€6,628€9,484€9,530€9,744▲ 2.2%
Gross operating margin9900-€1,904-€6,467€148,055€124,306€146,540▲ 17.9%
Operating profit (loss)9901-€35,633-€74,030€37,988€17,937€39,584▲ 121%
Financial income75/76B-€4,883€148€0€0=
Recurring financial income75-€4,883€148€0€0=
Financial charges65/66B€11,483€25,578€33,251€40,037€34,016▼ 15.0%
Recurring financial charges65€11,483€25,578€33,251€40,037€34,016▼ 15.0%
Profit (loss) for the period before taxes9903-€47,116-€94,725€4,885-€22,100€5,569-
Income taxes67/77-€0€0€0€0▲ 8.3%
Profit (loss) for the period9904-€47,116-€94,726€4,885-€22,100€5,569-
Profit (loss) for the period to be appropriated9905-€47,116-€94,726€4,885-€22,100€5,569-
Line20212022202320242025Change
Assets
Total assets20/58€1.4m€2.1m€2.5m€2.4m€2.3m▼ 4.1%
Fixed assets21/28€1.4m€2.1m€2.4m€2.4m€2.3m▼ 4.0%
Tangible fixed assets22/27€1.4m€2.1m€2.4m€2.4m€2.3m▼ 4.0%
Land and buildings22€1.4m€2.1m€2.4m€2.4m€2.3m▼ 4.0%
Plant, machinery and equipment23€0.02m€0.02m€0.01m€0.01m€0.01m▼ 15.6%
Current assets29/58€0.006m€0.01m€0.04m€0.006m€0.003m▼ 47.2%
Amounts receivable within one year40/41--€0.03m€0--
Trade receivables40--€0.03m€0--
Current investments50/53€25€25€26€30€24▼ 19.2%
Cash at bank and in hand54/58€0.006m€0.01m€0.02m€0.006m€0.003m▼ 47.4%
Equity and liabilities
Total equity and liabilities10/49€1.4m€2.1m€2.5m€2.4m€2.3m▼ 4.1%
Equity10/15€0.5m€0.4m€0.4m€0.3m€0.3m▲ 1.6%
Contributions10/11€0.5m€0.5m€0.5m€0.5m€0.5m=
Profit (loss) carried forward14-€0.05m-€0.1m-€0.1m-€0.2m-€0.2m▲ 3.5%
Amounts payable17/49€1.0m€1.7m€2.1m€2.0m€1.9m▼ 5.1%
Amounts payable after more than one year17€1.0m€1.6m€2.0m€1.9m€1.8m▼ 5.5%
Financial debts170/4€1.0m€1.6m€2.0m€1.9m€1.8m▼ 5.5%
Amounts payable within one year42/48€0.001m€0.1m€0.1m€0.1m€0.1m▲ 1.3%
Current portion of amounts payable after more than one year42-€0.09m€0.1m€0.1m€0.1m▲ 1.7%
Trade debts44€359€0.006m€0.02m€0.001m€401▼ 49.8%
Suppliers440/4€359€0.006m€0.02m€0.001m€401▼ 49.8%
Taxes, remuneration and social security45-€366€0---
Taxes450/3-€366€0---
Other amounts payable47/48€438€0.01m€0.01m€0.002m€0.002m▼ 1.2%
Accrued charges and deferred income492/3€0.002m€0.002m€0.005m€0.007m€0.006m▼ 2.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€47,116-€94,726€4,885-€22,100€5,569-
+ Depreciation and write-downs630€28,895€60,935€100,583€96,838€97,211▲ 0.4%
Operating cash flow (approximation)-€18,221-€33,791€105,468€74,738€102,780▲ 37.5%
Investment in fixed assets (approximation)--€712,175-€478,543-€17,683-€1,373▲ 92.2%
Change in cash-€4,989€4,526-€9,435-€2,668▲ 71.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 micro format 17-06-2026 2026-00168723
31-12-2024 micro format 30-08-2025 2025-00464989
31-12-2023 micro format 30-08-2024 2024-00436114
31-12-2022 micro format 31-08-2023 2023-00431013
31-12-2021 micro format 08-08-2022 2022-20275314

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.