CLAVIS
ActiveSummary
CLAVIS has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.34M and a net result of €-5k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-8
Solvency53=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.65 in 2024; short-term debt: 55% and cash: 3.4% of total assets), but 72.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← 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 2025Solvency, return and age of the figures
Solvency
27.8%
Return on assets
-0.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
14 d early
2023
22 d early
2022
14 d early
2021
16 d early
2020
11 d early
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€10.28M
EBIT margin
1.6%
Net result
€-5k
2024 · €56k
2018: €67k
2019: €-380k
2020: €202k
2021: €129k
2022: €293k
2023: €7k
2024: €56k
2018 → 2025
Working capital
€3.14M▲ 5.4%
2024 · €2.98M
2018: €1.37M
2019: €753k
2020: €1.02M
2021: €1.09M
2022: €2.08M
2023: €3.08M
2024: €2.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.28M
Equity€1.99M-€2.28M▲ 14.9%€2.29M▲ 0.3%€2.35M▲ 2.4%€2.34M▼ 0.2%
Operating result€154k-€574k▲ 272%€167k▼ 70.8%€267k▲ 59.7%€215k▼ 19.4%
Net result€129k-€293k▲ 127%€7k▼ 97.5%€56k▲ 656%€-5k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.44M
Fixed assets
€660k ▼ 16.2%
Current assets
€7.78M ▲ 2.4%
Equity and liabilities €8.44M
Equity
€2.34M ▼ 0.2%
Provisions
€69k ▼ 14.4%
Debt
€6.02M ▲ 1.2%
Debt's share of the balance-sheet total rises from 71.0% to 71.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€401k▼
2024 · €465k
Cash flow
€181k▼
2024 · €253k
Current ratio
1.68▲
2024 · 1.65
Quick ratio
0.93▲
2024 · 0.93
Debt to equity
2.57▲
2024 · 2.54
ROE
-0.2%▼
2024 · 2.4%
ROA
-0.1%▼
2024 · 0.7%
Interest coverage
1.44▼
2024 · 2.38
Debt ≤ 1 year
€4.64M▲
2024 · €4.62M
Debt > 1 year
€1.35M▲
2024 · €1.28M
Income taxes
€38k▼
2024 · €65k
Staff costs
€2.51M▼
2024 · €2.59M
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 · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.38M€8.44M▲
Fixed assets21/28€787k€660k▼
Intangible fixed assets21€114k€48k▼
Tangible fixed assets22/27€383k€316k▼
Land and buildings22€146k€132k▼
Plant, machinery and equipment23€150k€181k▲
Furniture and vehicles24€87k€4k▼
Financial fixed assets28€290k€295k▲
Current assets29/58€7.60M€7.78M▲
Amounts receivable after more than one year29€271k€270k▼
Other amounts receivable291€271k€270k▼
Stocks and contracts in progress3€3.31M€3.45M▲
Stocks30/36€3.31M€3.45M▲
Amounts receivable within one year40/41€3.88M€3.73M▼
Trade receivables40€3.43M€3.36M▼
Other amounts receivable41€454k€376k▼
Current investments50/53€25€25=
Cash at bank and in hand54/58€69k€283k▲
Deferred charges and accrued income490/1€61k€39k▼
Equity and liabilities
Total equity and liabilities10/49€8.38M€8.44M▲
Equity10/15€2.35M€2.34M▼
Contributions10/11€1.33M€1.33M=
Reserves13€1.02M€1.02M▼
Non-distributable reserves130/1€38k€38k=
Reserves not available under the articles1311€38k€38k=
Tax-exempt reserves132€318k€208k▼
Distributable reserves133€667k€773k▲
Provisions and deferred taxes16€81k€69k▼
Deferred taxes168€81k€69k▼
Amounts payable17/49€5.95M€6.02M▲
Amounts payable after more than one year17€1.28M€1.35M▲
Financial debts170/4€1.28M€1.35M▲
Amounts payable within one year42/48€4.62M€4.64M▲
Current portion of amounts payable after more than one year42€237k€165k▼
Financial debts43€1.19M€1.49M▲
Credit institutions430/8€1.19M€1.49M▲
Trade debts44€2.47M€2.31M▼
Suppliers440/4€2.47M€2.31M▼
Taxes, remuneration and social security45€611k€543k▼
Taxes450/3€96k€73k▼
Remuneration and social security454/9€515k€470k▼
Other amounts payable47/48€109k€122k▲
Accrued charges and deferred income492/3€60k€36k▼
Income statement
Code20242025
Non-recurring operating income76A€15k-
Remuneration, social security and pensions62€2.59M€2.51M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198k€186k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-87k€66k▲
Other operating charges640/8€370k€195k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€3.34M€3.17M▼
Operating profit (loss)9901€267k€215k▼
Financial income75/76B€41k€85k▲
Recurring financial income75€41k€85k▲
Financial charges65/66B€195k€279k▲
Recurring financial charges65€195k€279k▲
Profit (loss) for the period before taxes9903€113k€21k▼
Transfer from deferred taxes780€7k€12k▲
Income taxes67/77€65k€38k▼
Profit (loss) for the period9904€56k€-5k▼
Transfer from tax-exempt reserves789€21k€111k▲
Profit (loss) for the period to be appropriated9905€77k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€106k▲
Transfer to equity691/2€77k€106k▲
To other reserves6921€77k€106k▲
Social balance
Average headcount (FTE)908736.934.3▼
The notes to these accounts (20 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €293k ▲127%
Operating result €574k, net result €293k, both a record.
31-12
Financial
Equity above €2MEq €2.28M ▲14.9%
3 profitable years in a row build equity to €2.28M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €202k
Net result €202k after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet €-380k
Net result drops to €-380k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Hasselt · 4 establishment units since 1989
Ground area
8,530 m²
Building footprint
3,481 m²
Volume, LiDAR
34,070 m³
4 parcels, Flanders · tallest building 22.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
4 establishment units
UITGEVERIJ CLAVIS BVBA
since 19892.018.413.315
Clavis Conceptstore
since 20182.288.442.608
Clavis Conceptstore
since 20192.288.442.707
Clavis conceptstore
since 20242.361.762.037
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0065/00A000 | Flanders | 8,097 m² | 1 · 3,026 m² | 22.9 m · 3 fl. |
| 24505F0558/00D000 | Flanders | 217 m² | 1 · 217 m² | 17.7 m · 5 fl. |
| 31804D0459/00A000 | Flanders | 137 m² | 1 · 172 m² | 18.0 m · 5 fl. |
| 71022H1034/00B000 | Flanders | 79 m² | 1 · 67 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
3 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 58,451 EUR awarded · 59,611 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 16,627 EUR | 16,627 EUR |
| 2024 | 3 | 24,368 EUR | 25,528 EUR |
| 2023 | 3 | 13,342 EUR | 13,342 EUR |
| 2022 | 2 | 4,114 EUR | 4,114 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
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Of 1,112 companies in sector 58110 we hold annual accounts for 363. 125 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
Founded21-01-1981
Fiscal year end31-12
Activities, NACEBEL 2025
58110Book publishing
47610Retail trade
47621Retail sale of newspapers and periodicals
47640Retail sale of games and toys
74112Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.clavisbooks.com