PAUL CLAESSEN
ActivePAUL CLAESSEN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.35M and a net result of €43k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 95% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 22.83 against 4.38 in 2024; short-term debt: 0.8% and cash: 7.7% of total assets), and 0.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.2%
Return on assets
1.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
14 d early
2023
26 d late
2022
30 d late
2021
25 d late
2020
9 d early
2019
36 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.35M▲ 1.9%
2024 · €2.30M
2018: €1.95M
2019: €2.09M
2020: €2.14M
2021: €2.14M
2022: €2.15M
2023: €2.18M
2024: €2.30M
2018 → 2025
Total assets
€2.37M▼ 1.3%
2024 · €2.40M
2018: €2.16M
2019: €2.17M
2020: €2.17M
2021: €2.21M
2022: €2.25M
2023: €2.25M
2024: €2.40M
2018 → 2025
Net result
€43k▼ 66.4%
2024 · €128k
2018: €148k
2019: €142k
2020: €53k
2021: €596
2022: €2k
2023: €30k
2024: €128k
2018 → 2025
Working capital
€390k▲ 29.4%
2024 · €301k
2018: €1.72M
2019: €1.85M
2020: €1.95M
2021: €1.34M
2022: €626k
2023: €438k
2024: €301k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.14M-€2.15M▲ 0.1%€2.18M▲ 1.4%€2.30M▲ 5.9%€2.35M▲ 1.9%
Operating result€4k-€6k▲ 47.7%€44k▲ 616%€174k▲ 299%€58k▼ 66.7%
Net result€596-€2k▲ 240%€30k▲ 1,380%€128k▲ 326%€43k▼ 66.4%
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 falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.37M
Fixed assets
€1.96M▼ 2.4%
Current assets
€408k▲ 4.4%
Equity and liabilities €2.37M
Equity
€2.35M▲ 1.9%
Debt
€20k▼ 79.0%
The debt ratio falls from 3.9% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106k▼
2024 · €229k
Cash flow
€91k▼
2024 · €182k
Solvency
99.2%▲
2024 · 96.1%
Current ratio
22.83▲
2024 · 4.38
Quick ratio
22.83▲
2024 · 4.38
Debt / equity
0.01▼
2024 · 0.04
ROE
1.8%▼
2024 · 5.5%
ROA
1.8%▼
2024 · 5.3%
Interest coverage
811.28▼
2024 · 865.76
Debt
€20k▼
2024 · €94k
Debt ≤ 1 year
€18k▼
2024 · €89k
Debt > 1 year
€2k=
2024 · €2k
Income taxes
€15k▼
2024 · €47k
Staff costs
€186k▼
2024 · €205k
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€2.40M€2.37M▼
Fixed assets21/28€2.01M€1.96M▼
Tangible fixed assets22/27€2.01M€1.96M▼
Land and buildings22€2.01M€1.96M▼
Current assets29/58€391k€408k▲
Amounts receivable within one year40/41€186k€227k▲
Trade receivables40€35k€73k▲
Other amounts receivable41€151k€154k▲
Cash at bank and in hand54/58€205k€181k▼
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.37M▼
Equity10/15€2.30M€2.35M▲
Contributions10/11€25k€25k=
Reserves13€2.28M€2.32M▲
Distributable reserves133€2.28M€2.32M▲
Amounts payable17/49€94k€20k▼
Amounts payable after more than one year17€2k€2k=
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€89k€18k▼
Trade debts44€1k€998▼
Suppliers440/4€1k€998▼
Taxes, remuneration and social security45€88k€17k▼
Taxes450/3€83k€13k▼
Remuneration and social security454/9€5k€4k▼
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€205k€186k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€48k▼
Other operating charges640/8€16k€2k▼
Gross operating margin9900€450k€295k▼
Operating profit (loss)9901€174k€58k▼
Financial income75/76B€990€83▼
Recurring financial income75€990€83▼
Financial charges65/66B€264€131▼
Recurring financial charges65€264€131▼
Profit (loss) for the period before taxes9903€175k€58k▼
Income taxes67/77€47k€15k▼
Profit (loss) for the period9904€128k€43k▼
Profit (loss) for the period to be appropriated9905€128k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€43k▼
Transfer to equity691/2€128k€43k▼
To other reserves6921€128k€43k▼
The notes to these accounts (10 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Liquidity times 5current ratio 22.83
Current ratio from 4.38 to 22.83; short-term debt falls from €89k to €18k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €596 ▼98.9%
Net result drops to €596, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 67.28
Current ratio from 23.75 to 67.28; short-term debt falls from €81k to €29k.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 23.75
Current ratio from 9.29 to 23.75; short-term debt falls from €207k to €81k.
31-12
Financial
Equity above €2MEq €2.09M ▲7.3%
2 profitable years in a row build equity to €2.09M.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herentals · 1 establishment unit since 2002
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.
Watervoort(HRT) 1142200 HerentalsGround area
4,754 m²
Building footprint
425 m²
Volume, LiDAR
2,395 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Watervoort(HRT) 136, 2200 Herentals
since 20022.052.020.152
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011B0302/00R000 | Flanders | 2,642 m² | 1 · 226 m² | 7.7 m · 2 fl. |
| 13011B0285/00M000 | Flanders | 2,112 m² | 1 · 199 m² | 8.2 m · 2 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
2025 · 1 entry · 147 EUR awarded · 147 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 147 EUR | 147 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 2,776 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-1991
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
45211
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.