CLARIFAR · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CLARIFAR is 0.6% (low). The 2025 annual accounts show equity of €93k and a net result of €24k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 1081 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 1081 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	30-03-2026	31 d early	2026-00065443
30-09-2024	30-04-2025	31-03-2025	30 d early	2025-00057995
30-09-2023	30-04-2024	29-03-2024	32 d early	2024-00054988
30-09-2022	30-04-2023	31-03-2023	30 d early	2023-00052112

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€24k+44.2%

Working capital€93k+9.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 30-03-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~20.2%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 82 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	97.0%	51.1%	better than 95% of 1081 sector peers
Net result	€24k	€24k	better than 50% of 1081 sector peers
Equity	€93k	€51k	better than 66% of 1082 sector peers
Gross operating margin	€32k	€45k	better than 37% of 1081 sector peers
Total assets	€95k	€116k	better than 42% of 1082 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Improving position over 2022-2025 · n=1081-3174

Net result P50

Weakening position over 2022-2025 · n=1081-3173

Equity P66

Stable position over 2022-2025 · n=1082-3176

Gross operating margin P37

Weakening position over 2022-2025 · n=1081-3173

Describes the position versus peers, not a forecast.

EBITDA

€65k

- 22-25

Net profit

€24k

+44.2% 22-25

Cash flow

€47k

- 22-25

Total assets

€95k

+4.4% 22-25

Equity

€93k

+9.9% 22-25

Working capital

€93k

+9.9% 22-25

Income taxes

€6k

+41.8% 22-25

Dividends

€16k

+1677.8% 22-25

Debt

€3k

-60.5% 22-25

Debt ≤ 1y

€3k

-60.5% 22-25

Current ratio

33.39

+164.5% 22-25

Quick ratio

33.39

+164.5% 22-25

Solvency

97.0%

+5.3% 22-25

Debt / equity

0.03

-64.1% 22-25

ROE

26.3%

+31.2% 22-25

ROA

25.5%

+38.2% 22-25

Interest coverage

608.46

- 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€24k
Cash flow	-
Staff costs	-
Income taxes	€6k
Dividends	€16k
Total assets	€95k
Equity	€93k
Debt	€3k
of which ≤ 1y	€3k
of which > 1y	-
Working capital	€93k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	33.39
Quick ratio	33.39
Working capital ratio	97.0%
Solvency	97.0%
Debt / equity	0.03
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	25.5%
ROE	26.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €93k · 97.0% Debt €3k · 3.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€95k
Current assets	29/58	€95k
Amounts receivable within one year	40/41	€5k
Cash & bank	54/58	€90k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€95k
Equity	10/15	€93k
Contributions / capital	10/11	€4k
Reserves	13	€88k
Accumulated profits (losses)	14	€381
Amounts payable	17/49	€3k
Amounts payable within one year	42/48	€3k
Trade debts payable within one year	44	€88
Income statement
Gross operating margin	9900	€32k
Operating result	9901	€31k
Financial charges	65	€138
Result before taxes	9903	€31k
Income taxes	67/77	€6k
Net result for the period	9904	€24k
Result to be appropriated	9905	€24k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Molenstraat 999820 Merelbeke-Melle

Establishment units

1 location

CLARIFAR

Molenstraat 99, 9820 Merelbeke-MelleOverige zakelijke dienstverlening, neg

since 20202.309.813.884

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,462 m²

Buildings1

Building footprint304 m²

Volume (LiDAR)1,414 m³

Tallest building9.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44058B0194/00K002	Flanders	1,462 m²	1 · 304 m²	9.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 100

Solvency 100

Growth 52

Stability 94

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