Paul Claes
ActiveSummary
Paul Claes has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €631k and a net result of €138k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+10
Solvency80▲+29
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days only on tighter terms
Liquidity ample (current ratio 2.51 against 1.2 in 2023; short-term debt: 18.4% and cash: 29.8% of total assets), and 45.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
54.6%
Return on assets
12%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
27 d late
2022
18 d early
2021
44 d early
2020
47 d early
2019
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€631k▲ 121%
2023 · €285k
2018: €303k
2019: €324k
2020: €390k
2021: €452k
2022: €451k
2023: €285k
2018 → 2024
Total assets
€1.16M▲ 4.3%
2023 · €1.11M
2018: €936k
2019: €1.07M
2020: €1.18M
2021: €1.25M
2022: €1.29M
2023: €1.11M
2018 → 2024
Net result
€138k▲ 216%
2023 · €44k
2018: €51k
2019: €21k
2020: €66k
2021: €82k
2022: €119k
2023: €44k
2018 → 2024
Working capital
€321k▲ 259%
2023 · €90k
2018: €170k
2019: €132k
2020: €150k
2021: €279k
2022: €255k
2023: €90k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€390k-€452k▲ 16.0%€451k▼ 0.2%€285k▼ 36.8%€631k▲ 121%
Operating result€96k-€113k▲ 18.3%€159k▲ 39.9%€66k▼ 58.3%€193k▲ 191%
Net result€66k-€82k▲ 24.9%€119k▲ 44.5%€44k▼ 63.1%€138k▲ 216%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 191% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.16M
Fixed assets
€622k ▲ 7.3%
Current assets
€534k ▲ 1.0%
Equity and liabilities €1.16M
Equity
€631k ▲ 121%
Debt
€524k ▼ 36.3%
Debt's share of the balance-sheet total falls from 74.3% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€290k▲
2023 · €161k
Cash flow
€236k▲
2023 · €138k
Current ratio
2.51▲
2023 · 1.20
Quick ratio
2.31▲
2023 · 1.09
Debt to equity
0.83▼
2023 · 2.89
ROE
21.9%▲
2023 · 15.4%
ROA
12.0%▲
2023 · 4.0%
Interest coverage
21.49▲
2023 · 12.27
Debt ≤ 1 year
€212k▼
2023 · €439k
Debt > 1 year
€308k▼
2023 · €384k
Income taxes
€46k▲
2023 · €13k
Staff costs
€267k▲
2023 · €257k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.11M€1.16M▲
Fixed assets21/28€579k€622k▲
Intangible fixed assets21-€6k
Tangible fixed assets22/27€579k€615k▲
Land and buildings22€483k€452k▼
Plant, machinery and equipment23€48k€111k▲
Furniture and vehicles24€49k€52k▲
Current assets29/58€529k€534k▲
Stocks and contracts in progress3€48k€42k▼
Stocks30/36€48k€42k▼
Amounts receivable within one year40/41€401k€118k▼
Trade receivables40€262k€46k▼
Other amounts receivable41€139k€72k▼
Cash at bank and in hand54/58€63k€344k▲
Deferred charges and accrued income490/1€17k€29k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.16M▲
Equity10/15€285k€631k▲
Contributions10/11€19k€19k=
Reserves13€129k€613k▲
Distributable reserves133€129k€613k▲
Profit (loss) carried forward14€137k-
Amounts payable17/49€823k€524k▼
Amounts payable after more than one year17€384k€308k▼
Financial debts170/4€384k€308k▼
Amounts payable within one year42/48€439k€212k▼
Current portion of amounts payable after more than one year42€93k€76k▼
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€62k€136k▲
Suppliers440/4€62k€136k▲
Taxes, remuneration and social security45€130k€369▼
Taxes450/3€122k€369▼
Remuneration and social security454/9€9k-
Other amounts payable47/48€150k-
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Remuneration, social security and pensions62€257k€267k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€97k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-23k
Other operating charges640/8€17k€79k▲
Gross operating margin9900€435k€612k▲
Operating profit (loss)9901€66k€193k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€13k€13k▲
Recurring financial charges65€13k€13k▲
Profit (loss) for the period before taxes9903€57k€184k▲
Income taxes67/77€13k€46k▲
Profit (loss) for the period9904€44k€138k▲
Profit (loss) for the period to be appropriated9905€44k€138k▲
Appropriation of the result
Profit (loss) to be appropriated9906€347k€483k▲
Profit (loss) brought forward from the previous period14P€303k€345k▲
Transfer to equity691/2-€483k
To other reserves6921-€483k
Profit to be distributed694/7€210k-
Return on contributions (dividend)694€200k-
Directors or managers695€10k-
Social balance
Average headcount (FTE)90874.94.9=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €138k ▲216%
Operating result €193k, net result €138k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.20 to 2.51; short-term debt falls from €439k to €212k.
31-12
Financial
Equity above €500kEq €631k ▲121%
7 profitable years in a row build equity to €631k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
31-12
Financial
Weakest financial yearnet €21k ▼58%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Mol · 2 establishment units since 1989
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.
Mariëndal 52400 MolGround area
4,130 m²
Building footprint
2,223 m²
Volume, LiDAR
15,778 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
CLAES PAUL
since 19892.042.629.958
Paul Claes BV
since 20252.372.486.277
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E0067/00G002 | Flanders | 3,962 m² | 1 · 2,074 m² | 8.5 m · 2 fl. |
| 13433E1498/00R000 | Flanders | 168 m² | 1 · 149 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 6 entries · 41,905 EUR awarded · 41,905 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 14,063 EUR | 14,063 EUR |
| 2024 | 1 | 8,645 EUR | 8,645 EUR |
| 2023 | 1 | 8,588 EUR | 8,588 EUR |
| 2022 | 1 | 10,609 EUR | 10,609 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ERIC CHARLIER
BE 0457.422.702
Namur · Eq €646k
GOPA
BE 0753.696.532
Maaseik · Eq €615k
KEUKENS DE JONG INTERIEURINRICHTING
BE 0417.981.809
Arendonk · Eq €650k
CLEYS INTERIEUR
BE 0452.206.377
Stekene · Eq €611k
INTERIOR CONSTRUCT
BE 0458.690.828
Alken · Eq €655k
Of 619 companies in sector 31002 we hold annual accounts for 349. 253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-1989
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.