Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
CLUSTEO from Elsene, company number BE0441430469, closed financial year 2025 with a result of € -2 million after tax. For that financial year CLUSTEO recorded a gross margin of € -1,072 and equity of € -249,494. Compared with financial year 2024, the result moved from € -34,279 to € -2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ -249,494
▼ € 2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ 5634 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,014
▲ 273% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -369,344.
Debts at end 2025
€ 245,661
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 180
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,830 | € -1,559 | € -1,274 | € -1,072 | ▲ € 202 |
| Profit after taxes | € -16,502 | € -15,407 | € -34,279 | € -1,965,700 | ▼ € 1.9 million |
| Equity | € 1,765,892 | € 1,750,485 | € 1,716,206 | € -249,494 | ▼ € 2 million |
| Total debts | € 268,235 | € 271,132 | € 274,485 | € 279,133 | ▲ 2% |
| Cash | € 175 | € 418 | € 1,075 | € 4,014 | ▲ 273% |
| Retained profit | € -303,958 | € -319,365 | € -353,644 | € -369,344 | ▼ € 15,700 |
| Bank debt | € 225,800 | € 228,650 | € 231,150 | € 245,661 | ▲ 6% |
| Balance sheet total | € 2,034,127 | € 2,021,617 | € 1,990,692 | € 29,640 | ▼ 99% |
Key figures of CLUSTEO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CLUSTEO?
What happened at CLUSTEO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuel DE VINCK stepped down as director. NBB
- Olga DE VINCK stepped down as director. NBB
- Ioulia PANKRATIEVA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million. Source: NBB ↗
- Emmanuel DE VINCK became a director. NBB
- Olga DE VINCK became a director. NBB
- Ioulia PANKRATIEVA became a director. NBB
- Henri-Jean POLLET stepped down as director. NBB
In short
From € 16,502 loss in 2022 to € 2 million loss in 2025.
Management
The stake of PERCEVAL TECHNOLOGIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CLUSTEOThe shares are held by PERCEVAL TECHNOLOGIES (99.9%).
Directors
According to the 2025 annual accounts
Emmanuel DE VINCK
Managing director
since 2025 · until 2031
Olga DE VINCK
Director
since 2025 · until 2031
Ioulia PANKRATIEVA
Director
since 2025 · until 2031
Henri-Jean POLLET
Director
since 2020 · until 2025
Managing director · represented by Henri-Jean POLLET
since 2020 · until 2025
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Faiderstraat 99
1050 Elsene
Mauricelaan 1
1050 Elsene
Active since 10 September 1990
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
PERCEVAL, BE
Domain
Domain
clusteo.com
Registered
2008-12-10
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2026-12-10
Website info
Features
Security
Details
- Company number
- 0441.430.469
- VAT number
- BE 0441.430.469
- Registered office
- Faiderstraat 99, 1050 Elsene
- Names & denominations
- CLUSTEO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1990
- Peppol
- Active · Active since 29 Jul 2026
- Contact
- clusteo.com
- Activities · NACE
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