CLS
ActiveSummary
CLS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €12k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+4
Solvency98▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 1.57 in 2024; short-term debt: 19.6% and cash: 18.6% of total assets), and 27.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
72.8%
Return on assets
11%
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 06-08-2026, 6 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
6 d late
2024
40 d late
2023
61 d late
2022
60 d late
2021
142 d late
2020
181 d late
2019
91 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▲ 17.8%
2024 · €67k
2018: €60k
2019: €53k▼ -12.1% vs 2018
2020: €8k▼ -84.5% vs 2019lowest in 8 years
2021: €24k▲ +192% vs 2020
2022: €26k▲ +6.8% vs 2021
2023: €58k▲ +127% vs 2022
2024: €67k▲ +15.9% vs 2023
2025: €79k▲ +17.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€109k▼ 2.4%
2024 · €112k
2018: €110k
2019: €123k▲ +12.4% vs 2018
2020: €89k▼ -27.7% vs 2019lowest in 8 years
2021: €93k▲ +4.3% vs 2020
2022: €103k▲ +10.5% vs 2021
2023: €157k▲ +52.8% vs 2022highest in 8 years
2024: €112k▼ -29.0% vs 2023
2025: €109k▼ -2.4% vs 2024
2018 → 2025
Net result
€12k▲ 29.7%
2024 · €9k
2018: €-24k
2019: €-7k▲ +70.1% vs 2018
2020: €-45k▼ -515% vs 2019lowest in 8 years
2021: €16k▲ +135% vs 2020
2022: €2k▼ -89.7% vs 2021
2023: €32k▲ +1888% vs 2022highest in 8 years
2024: €9k▼ -71.5% vs 2023
2025: €12k▲ +29.7% vs 2024
2018 → 2025
Working capital
€42k▲ 139%
2024 · €18k
2018: €48khighest in 8 years
2019: €23k▼ -51.3% vs 2018
2020: €-10k▼ -141% vs 2019
2021: €11k▲ +212% vs 2020
2022: €-11k▼ -206% vs 2021lowest in 8 years
2023: €-2k▲ +83.7% vs 2022
2024: €18k▲ +1040% vs 2023
2025: €42k▲ +139% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€26k▲ 6.8%€58k▲ 127%€67k▲ 15.9%€79k▲ 17.8%
2021: €24klowest in 5 years
2022: €26k▲ +6.8% vs 2021
2023: €58k▲ +127% vs 2022
2024: €67k▲ +15.9% vs 2023
2025: €79k▲ +17.8% vs 2024highest in 5 years
Operating result€15k-€1k▼ 92.3%€34k▲ 2,775%€11k▼ 68.6%€13k▲ 24.7%
2021: €15k
2022: €1k▼ -92.3% vs 2021lowest in 5 years
2023: €34k▲ +2775% vs 2022highest in 5 years
2024: €11k▼ -68.6% vs 2023
2025: €13k▲ +24.7% vs 2024
Net result€16k-€2k▼ 89.7%€32k▲ 1,888%€9k▼ 71.5%€12k▲ 29.7%
2021: €16k
2022: €2k▼ -89.7% vs 2021lowest in 5 years
2023: €32k▲ +1888% vs 2022highest in 5 years
2024: €9k▼ -71.5% vs 2023
2025: €12k▲ +29.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€46k ▼ 27.8%
Current assets
€63k ▲ 30.7%
Equity and liabilities €109k
Equity
€79k ▲ 17.8%
Debt
€30k ▼ 33.2%
Debt's share of the balance-sheet total falls from 39.7% to 27.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2024 · €28k
Cash flow
€30k▲
2024 · €27k
Current ratio
2.96▲
2024 · 1.57
Quick ratio
2.91▲
2024 · 0.47
Debt to equity
0.37▼
2024 · 0.66
ROE
15.1%▲
2024 · 13.7%
ROA
11.0%▲
2024 · 8.3%
Interest coverage
30.50▲
2024 · 28.02
Debt ≤ 1 year
€21k▼
2024 · €31k
Debt > 1 year
€8k▼
2024 · €14k
Income taxes
€1k▲
2024 · €920
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€112k€109k▼
Fixed assets21/28€63k€46k▼
Tangible fixed assets22/27€63k€46k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€53k€39k▼
Current assets29/58€48k€63k▲
Stocks and contracts in progress3€34k€894▼
Stocks30/36€34k€894▼
Amounts receivable within one year40/41€6k€41k▲
Trade receivables40€1k€34k▲
Other amounts receivable41€5k€7k▲
Current investments50/53€24-
Cash at bank and in hand54/58€7k€20k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€112k€109k▼
Equity10/15€67k€79k▲
Contributions10/11€12k€12k=
Reserves13€46k€58k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€44k€56k▲
Profit (loss) carried forward14€9k€9k▲
Amounts payable17/49€44k€30k▼
Amounts payable after more than one year17€14k€8k▼
Financial debts170/4€14k€8k▼
Amounts payable within one year42/48€31k€21k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€11k€3k▼
Suppliers440/4€11k€3k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€12k€2k▼
Accrued charges and deferred income492/3€20-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k=
Other operating charges640/8€866€989▲
Non-recurring operating charges66A-€545
Gross operating margin9900€29k€32k▲
Operating profit (loss)9901€11k€13k▲
Financial income75/76B€570€977▲
Recurring financial income75€570€977▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€10k€13k▲
Income taxes67/77€920€1k▲
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€21k▲
Profit (loss) brought forward from the previous period14P€9k€9k▲
Transfer to equity691/2€9k€12k▲
To other reserves6921€9k€12k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €318 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €15k | €15k | €18k | €18k | = |
| Other operating charges640/8 | €31k | €835 | €1k | €866 | €989 | ▲ 14.2% |
| Non-recurring operating charges66A | - | - | €50 | - | €545 | - |
| Gross operating margin9900 | €59k | €17k | €50k | €29k | €32k | ▲ 11.3% |
| Operating profit (loss)9901 | €15k | €1k | €34k | €11k | €13k | ▲ 24.7% |
| Financial income75/76B | €1k | €789 | €736 | €570 | €977 | ▲ 71.4% |
| Recurring financial income75 | €1k | €789 | €736 | €570 | €977 | ▲ 71.4% |
| Financial charges65/66B | €615 | €332 | €749 | €1k | €1k | ▲ 0.4% |
| Recurring financial charges65 | €615 | €332 | €749 | €1k | €1k | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €16k | €2k | €34k | €10k | €13k | ▲ 29.8% |
| Income taxes67/77 | - | - | €1k | €920 | €1k | ▲ 30.1% |
| Profit (loss) for the period9904 | €16k | €2k | €32k | €9k | €12k | ▲ 29.7% |
| Profit (loss) for the period to be appropriated9905 | €16k | €2k | €32k | €9k | €12k | ▲ 29.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €103k | €157k | €112k | €109k | ▼ 2.4% |
| Fixed assets21/28 | €28k | €45k | €78k | €63k | €46k | ▼ 27.8% |
| Tangible fixed assets22/27 | €28k | €45k | €78k | €63k | €46k | ▼ 27.8% |
| Plant, machinery and equipment23 | €3k | €11k | €11k | €10k | €7k | ▼ 27.4% |
| Furniture and vehicles24 | €25k | €34k | €68k | €53k | €39k | ▼ 27.8% |
| Current assets29/58 | €65k | €57k | €79k | €48k | €63k | ▲ 30.7% |
| Stocks and contracts in progress3 | €42k | €576 | €1k | €34k | €894 | ▼ 97.4% |
| Stocks30/36 | €42k | €576 | €1k | €34k | €894 | ▼ 97.4% |
| Amounts receivable within one year40/41 | €15k | €55k | €74k | €6k | €41k | ▲ 560% |
| Trade receivables40 | €11k | €53k | €72k | €1k | €34k | ▲ 3,282% |
| Other amounts receivable41 | €4k | €2k | €3k | €5k | €7k | ▲ 34.2% |
| Current investments50/53 | €19 | €19 | €0 | €24 | - | - |
| Cash at bank and in hand54/58 | €8k | €1k | €3k | €7k | €20k | ▲ 184% |
| Deferred charges and accrued income490/1 | - | - | €913 | €1k | €1k | ▲ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €103k | €157k | €112k | €109k | ▼ 2.4% |
| Equity10/15 | €24k | €26k | €58k | €67k | €79k | ▲ 17.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €24k | €24k | €37k | €46k | €58k | ▲ 26.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €22k | €22k | €35k | €44k | €56k | ▲ 27.1% |
| Profit (loss) carried forward14 | €-12k | €-10k | €9k | €9k | €9k | ▲ 0.1% |
| Amounts payable17/49 | €69k | €77k | €99k | €44k | €30k | ▼ 33.2% |
| Amounts payable after more than one year17 | €15k | €8k | €19k | €14k | €8k | ▼ 38.8% |
| Financial debts170/4 | €15k | €8k | €19k | €14k | €8k | ▼ 38.8% |
| Amounts payable within one year42/48 | €55k | €69k | €81k | €31k | €21k | ▼ 30.7% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €5k | €5k | €5k | ▲ 4.2% |
| Trade debts44 | €7k | €6k | €2k | €11k | €3k | ▼ 74.8% |
| Suppliers440/4 | €7k | €6k | €2k | €11k | €3k | ▼ 74.8% |
| Advances received on contracts in progress46 | - | - | - | - | €9k | - |
| Taxes, remuneration and social security45 | €81 | €215 | €1k | €2k | €3k | ▲ 11.0% |
| Taxes450/3 | €81 | €215 | €1k | €2k | €3k | ▲ 11.0% |
| Other amounts payable47/48 | €42k | €57k | €72k | €12k | €2k | ▼ 83.5% |
| Accrued charges and deferred income492/3 | - | - | €10 | €20 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €2k | €32k | €9k | €12k | ▲ 29.7% |
| + Depreciation and write-downs630 | €12k | €15k | €15k | €18k | €18k | = |
| Operating cash flow (approximation) | €28k | €17k | €48k | €27k | €30k | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | €-33k | €-48k | €-2k | €-43 | ▲ 98.2% |
| Change in cash | - | €-7k | €1k | €5k | €13k | ▲ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €32k ▲1,888%
Operating result €34k, net result €32k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 181 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 3 loss-making years.
2020
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Malmedy · 1 establishment unit since 2003
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.
Bévercé-La Petite Suisse 254960 Malmedy1 establishment unit
Bévercé-La Petite Suisse 25, 4960 Malmedy
since 20032.126.745.190
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Of 4,418 companies in sector 46180 we hold annual accounts for 1,885. 1,406 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
16230Manufacture of other builders' carpentry and joinery
43230Insulation installation
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.