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LE CLAIR & MEERT

Active
Public limited companyfounded 1996active for 30 yearsDeinsesteenweg(KRU) 25, 9770 Kruisem, BelgiumKBO/BCE: BE 0458.304.808
Summary

LE CLAIR & MEERT has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €308,390 and a net result of €344,489. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 6,035 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, full format

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€344,489▲ 411%
2024 · €67,449
Working capital
€261,161▼ 30.9%
2024 · €377,676
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 463% above 2024.

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

Operating result€0.4m 2025 Net result€0.3m 2025

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

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.01m▼ 81.8%€0.4m▲ 3,901%€0.5m▲ 23.7%€0.1m▼ 81.9%€0.1m▲ 25.4%€0.07m▼ 43.4%€0.4m▲ 463%
Net result€0.05m-€0.02m▼ 67.0%€0.4mabove the sector's middle half▲ 2,106%€0.5mabove the sector's middle half▲ 20.2%€0.08mwithin the sector's middle half▼ 83.2%€0.1mwithin the sector's middle half▲ 80.2%€0.07mwithin the sector's middle half▼ 52.6%€0.3mwithin the sector's middle half▲ 411%
Equity€0.4m-€0.4m▲ 4.7%€0.6mwithin the sector's middle half▲ 42.8%€0.8mwithin the sector's middle half▲ 32.4%€0.8mwithin the sector's middle half▲ 10.5%€0.8mwithin the sector's middle half▲ 0.3%€0.4mwithin the sector's middle half▼ 55.5%€0.3mbelow the sector's middle half▼ 17.1%
Total assets€1.6m-€1.9m▲ 22.3%€2.0mwithin the sector's middle half▲ 2.5%€2.0mwithin the sector's middle half▼ 0.2%€1.6mwithin the sector's middle half▼ 20.1%€1.6mwithin the sector's middle half▼ 1.6%€0.9mwithin the sector's middle half▼ 40.6%€1.3mbelow the sector's middle half▲ 35.5%
Debt€1.2m-€1.5m▲ 27.3%€1.4m▼ 8.0%€1.2m▼ 13.3%€0.7m▼ 39.0%€0.7m▼ 3.8%€0.6m▼ 23.2%€0.9m▲ 71.0%
Working capital€0.1m-€0.2m▲ 57.5%€0.4mwithin the sector's middle half▲ 95.8%€0.9mabove the sector's middle half▲ 122%€0.9mabove the sector's middle half▼ 2.4%€0.7mwithin the sector's middle half▼ 19.6%€0.4mwithin the sector's middle half▼ 49.3%€0.3mwithin the sector's middle half▼ 30.9%
Solvency24.1%-20.6%▼ 3.5pp28.8%within the sector's middle half▲ 8.1pp38.2%within the sector's middle half▲ 9.4pp52.8%within the sector's middle half▲ 14.6pp53.8%within the sector's middle half▲ 1.0pp40.3%within the sector's middle half▼ 13.5pp24.7%within the sector's middle half▼ 15.6pp
Current ratio1.12-1.18▲ 0.061.37within the sector's middle half▲ 0.192.27within the sector's middle half▲ 0.913.11above the sector's middle half▲ 0.842.34within the sector's middle half▼ 0.771.80within the sector's middle half▼ 0.541.28within the sector's middle half▼ 0.53
Return on assets (ROA)3.4%-0.9%▼ 2.5pp19.7%above the sector's middle half▲ 18.8pp23.8%above the sector's middle half▲ 4.0pp5.0%within the sector's middle half▼ 18.8pp9.2%within the sector's middle half▲ 4.2pp7.3%within the sector's middle half▼ 1.9pp27.5%above the sector's middle half▲ 20.2pp
Staff (FTE)5.4-5▼ 7.4%4.8within the sector's middle half▼ 4.0%4within the sector's middle half▼ 16.7%4.4within the sector's middle half▲ 10.0%4.6within the sector's middle half▲ 4.5%4.6within the sector's middle half=3.9within the sector's middle half▼ 15.2%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result +411% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets €51,055 ▼ 32.2%
Current assets €1.2m ▲ 41.5%
Equity and liabilities €1.3m
Equity €308,390 ▼ 17.1%
Debt €942,144 ▲ 71.0%
Debt's share of the balance-sheet total rises from 59.7% to 75.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€412,454▲
2024 · €101,430
Cash flow
€370,024▲
2024 · €100,216
Quick ratio
1.18▼
2024 · 1.62
Debt to equity
3.06▲
2024 · 1.48
ROE
111.7%▲
2024 · 18.1%
Interest coverage
52.00▲
2024 · 9.70
Debt ≤ 1 year
€938,318▲
2024 · €469,998
Debt > 1 year
€0▼
2024 · €80,000
Income taxes
€50,920▲
2024 · €16,993
Staff costs
€278,801▼
2024 · €340,782
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.1% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
3.7% stopped otherwise
95.1% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,470 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% 1.0%
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 3,818 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 · 66 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.9m€1.3m▲
Fixed assets21/28€0.08m€0.05m▼
Intangible fixed assets21€9€0▼
Tangible fixed assets22/27€0.07m€0.05m▼
Land and buildings22€0-
Plant, machinery and equipment23€67€0▼
Furniture and vehicles24€0.06m€0.04m▼
Other tangible fixed assets26€0.02m€0.007m▼
Financial fixed assets28€0.001m€359▼
Current assets29/58€0.8m€1.2m▲
Stocks and contracts in progress3€0.09m€0.09m▲
Stocks30/36€0.09m€0.09m▲
Amounts receivable within one year40/41€0.7m€0.5m▼
Trade receivables40€0.7m€0.5m▼
Other amounts receivable41€0.02m€0.04m▲
Current investments50/53€0€0.5m▲
Cash at bank and in hand54/58€0.01m€0.03m▲
Deferred charges and accrued income490/1€0.002m€0.003m▲
Equity and liabilities
Total equity and liabilities10/49€0.9m€1.3m▲
Equity10/15€0.4m€0.3m▼
Contributions10/11€0.08m€0.08m=
Capital10€0.08m€0.08m=
Issued capital100€0.08m€0.08m=
Reserves13€0.3m€0.2m▼
Non-distributable reserves130/1€0.008m€0.008m=
Legal reserve130€0.008m€0.008m=
Tax-exempt reserves132€0.07m€0.02m▼
Distributable reserves133€0.2m€0.2m▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€0.6m€0.9m▲
Amounts payable after more than one year17€0.08m€0▼
Financial debts170/4€0.08m€0▼
Amounts payable within one year42/48€0.5m€0.9m▲
Current portion of amounts payable after more than one year42€0.08m€0.08m▼
Financial debts43-€0.05m
Credit institutions430/8-€0.05m
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Advances received on contracts in progress46€0.01m€0.09m▲
Taxes, remuneration and social security45€0.07m€0.06m▼
Taxes450/3€0.02m€0.03m▲
Remuneration and social security454/9€0.04m€0.03m▼
Other amounts payable47/48€0.2m€0.5m▲
Accrued charges and deferred income492/3€0.001m€0.004m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.3m€0.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.01m-€72▲
Other operating charges640/8€0.003m€0.002m▼
Gross operating margin9900€0.4m€0.7m▲
Operating profit (loss)9901€0.07m€0.4m▲
Financial income75/76B€0.03m€0.02m▼
Recurring financial income75€0.03m€0.02m▼
Financial charges65/66B€0.01m€0.008m▼
Recurring financial charges65€0.01m€0.008m▼
Profit (loss) for the period before taxes9903€0.08m€0.4m▲
Income taxes67/77€0.02m€0.05m▲
Profit (loss) for the period9904€0.07m€0.3m▲
Profit (loss) for the period to be appropriated9905€0.07m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.07m€0.3m▲
Transfer from equity791/2-€0.07m
Transfer to equity691/2€0.03m€0.004m▼
To other reserves6921€0.03m€0.004m▼
Profit to be distributed694/7€0.04m€0.4m▲
Return on contributions (dividend)694-€0.2m
Directors or managers695€0.04m€0.2m▲
Social balance sheet
Average headcount (FTE)90874.63.9▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€266,653€298,059€342,415€340,782€278,801▼ 18.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,777€184,911€124,087€109,209€74,112€26,503€32,767€25,535▼ 22.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€605-€2,570€987-€10,238-€72▲ 99.3%
Other operating charges640/8---€5,042€5,066€4,737€2,907€1,851▼ 36.3%
Non-recurring operating charges66A---€1,095€0----
Gross operating margin9900€443,523€608,850€835,156€918,299€471,397€495,952€434,881€693,035▲ 59.4%
Operating profit (loss)9901€59,526€10,827€433,182€535,695€96,730€121,310€68,664€386,919▲ 463%
Financial income75/76B---€15,485€24,523€40,255€26,237€16,422▼ 37.4%
Recurring financial income75€14,291€15,594€15,019€15,485€24,523€40,255€26,237€16,422▼ 37.4%
Financial charges65/66B---€7,259€16,228€12,305€10,459€7,933▼ 24.2%
Recurring financial charges65€7,825€7,438€9,647€7,259€16,228€12,305€10,459€7,933▼ 24.2%
Profit (loss) for the period before taxes9903€68,710€18,515€438,555€543,921€105,025€149,260€84,442€395,408▲ 368%
Income taxes67/77€15,072€799€47,809€74,251€26,030€6,939€16,993€50,920▲ 200%
Profit (loss) for the period9904€53,639€17,716€390,746€469,670€78,995€142,321€67,449€344,489▲ 411%
Transfer to tax-exempt reserves689---€126,300€0----
Profit (loss) for the period to be appropriated9905€53,639€17,716€296,021€343,370€78,995€142,321€67,449€344,489▲ 411%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.6m€1.9m€2.0m€2.0m€1.6m€1.6m€0.9m€1.3m▲ 35.5%
Formation expenses20€0--------
Fixed assets21/28€0.2m€0.5m€0.4m€0.3m€0.2m€0.3m€0.08m€0.05m▼ 32.2%
Intangible fixed assets21€0.001m€266€0.001m€0.001m€424€217€9€0▼ 100%
Tangible fixed assets22/27€0.2m€0.5m€0.4m€0.3m€0.2m€0.3m€0.07m€0.05m▼ 32.0%
Land and buildings22---€0.2m€0.1m€0.1m€0--
Plant, machinery and equipment23---€0.001m€0.001m€298€67€0▼ 100%
Furniture and vehicles24---€0.03m€0.02m€0.08m€0.06m€0.04m▼ 26.4%
Other tangible fixed assets26---€0.1m€0.05m€0.03m€0.02m€0.007m▼ 52.9%
Financial fixed assets28€359€359€359€359€359€0.002m€0.001m€359▼ 51.0%
Current assets29/58€1.3m€1.5m€1.6m€1.7m€1.4m€1.3m€0.8m€1.2m▲ 41.5%
Stocks and contracts in progress3€0.3m€0.3m€0.1m€0.06m€0.2m€0.09m€0.09m€0.09m▲ 6.3%
Stocks30/36---€0.06m€0.2m€0.09m€0.09m€0.09m▲ 6.3%
Amounts receivable within one year40/41€1.0m€1.1m€0.7m€0.9m€0.5m€0.5m€0.7m€0.5m▼ 28.3%
Trade receivables40---€0.7m€0.5m€0.5m€0.7m€0.5m▼ 32.4%
Other amounts receivable41---€0.2m€0.03m€0.03m€0.02m€0.04m▲ 143%
Current investments50/53€0----€0.6m€0€0.5m-
Cash at bank and in hand54/58€0.02m€0.08m€0.7m€0.7m€0.6m€0.08m€0.01m€0.03m▲ 112%
Deferred charges and accrued income490/1---€0.01m€0.02m€0.005m€0.002m€0.003m▲ 32.0%
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.9m€2.0m€2.0m€1.6m€1.6m€0.9m€1.3m▲ 35.5%
Equity10/15€0.4m€0.4m€0.6m€0.8m€0.8m€0.8m€0.4m€0.3m▼ 17.1%
Contributions10/11€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.08m€0.08m=
Capital10---€0.2m€0.2m€0.2m€0.08m€0.08m=
Issued capital100---€0.2m€0.2m€0.2m€0.08m€0.08m=
Reserves13€0.2m€0.2m€0.4m€0.6m€0.6m€0.6m€0.3m€0.2m▼ 21.9%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.008m€0.008m=
Legal reserve130---€0.02m€0.02m€0.02m€0.008m€0.008m=
Tax-exempt reserves132---€0.3m€0.3m€0.3m€0.07m€0.02m▼ 69.2%
Distributable reserves133---€0.3m€0.3m€0.3m€0.2m€0.2m▼ 5.9%
Profit (loss) carried forward14-€0.007m--€0€0€0€0€0-
Provisions and deferred taxes16€0.01m€0-------
Amounts payable17/49€1.2m€1.5m€1.4m€1.2m€0.7m€0.7m€0.6m€0.9m▲ 71.0%
Amounts payable after more than one year17€0.02m€0.3m€0.2m€0.5m€0.3m€0.2m€0.08m€0▼ 100%
Financial debts170/4---€0.5m€0.3m€0.2m€0.08m€0▼ 100%
Amounts payable within one year42/48€1.2m€1.2m€1.2m€0.7m€0.4m€0.6m€0.5m€0.9m▲ 99.6%
Current portion of amounts payable after more than one year42---€0.2m€0.1m€0.1m€0.08m€0.08m▼ 1.9%
Financial debts43-------€0.05m-
Credit institutions430/8-------€0.05m-
Trade debts44€0.4m€0.3m€0.1m€0.2m€0.2m€0.1m€0.1m€0.2m▲ 60.5%
Suppliers440/4---€0.2m€0.2m€0.1m€0.1m€0.2m▲ 60.5%
Advances received on contracts in progress46----€0.004m€0€0.01m€0.09m▲ 660%
Taxes, remuneration and social security45---€0.07m€0.07m€0.06m€0.07m€0.06m▼ 11.2%
Taxes450/3---€0.04m€0.02m€0.01m€0.02m€0.03m▲ 29.6%
Remuneration and social security454/9---€0.03m€0.05m€0.04m€0.04m€0.03m▼ 31.8%
Other amounts payable47/48---€0.3m€0.001m€0.3m€0.2m€0.5m▲ 136%
Accrued charges and deferred income492/3---€0.02m€0.01m€0.002m€0.001m€0.004m▲ 295%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€53,639€17,716€390,746€469,670€78,995€142,321€67,449€344,489▲ 411%
+ Depreciation and write-downs630€47,777€184,911€124,087€109,209€74,112€26,503€32,767€25,535▼ 22.1%
Operating cash flow (approximation)€101,416€202,627€514,832€578,878€153,107€168,824€100,216€370,024▲ 269%
Investment in fixed assets (approximation)--€413,943-€32,980-€9,038-€7,092-€66,652€145,554-€1,246-
Change in cash-€58,106€622,422€41,539-€102,893-€564,321-€66,098€13,508-

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

Latest 10 of 28 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 10-07-2026 2026-00279192
31-12-2024 abbreviated format 22-07-2025 2025-00298534
31-12-2023 abbreviated format 15-07-2024 2024-00246669
31-12-2022 abbreviated format 13-07-2023 2023-00236970
31-12-2021 abbreviated format 20-07-2022 2022-20207048
31-12-2020 abbreviated format 23-07-2021 2021-39100566
31-12-2019 abbreviated format 30-09-2020 2020-57200034
31-12-2018 abbreviated format 24-07-2019 2019-37600356
31-12-2017 abbreviated format 28-08-2018 2018-52500405
31-12-2016 abbreviated format 19-07-2017 2017-33700145

Show all 28 filings

Similar companies · same sector, comparable size

Of the 69 active companies whose main activity is wholesale trade (NACE 46648), figures are known for 51. 40 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 · 1 entry · €3,047 awarded · €3,047 paid
Schemes
1 entry · €3,047 · €3,047 paid · Vlaams Agentschap voor Internationaal Ondernemen

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