ACTIVE

CLOCKWORK

Export PDF
Financial year 2025 · closed on 30/09/2025
Net result
18,2 k €
+3.9% YoY
Gross margin
434,7 k €
-1.2% YoY
Equity
403,5 k €
+4.7% YoY
Workforce
6,0 ETP
+17.6% YoY

What does CLOCKWORK do?

CLOCKWORK is a Private limited company incorporated in 1996. Its main activity is: Advertising agencies. Its registered office is in Gent. It employs on average 6,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0457.154.862
Incorporation
23/01/1996
Legal form
Private limited company
Registered office
Ottergemsesteenweg-Zuid 808 box B41
9000 Gent · FlandreSee on map
Contributed capital
7 844,79 €
Latest accounts
30/09/2025
Average workforce
6,0 ETP
Activities (NACE)
73110Advertising agencies· main73110Advertising agencies90021Support activities to performing arts90391Creative, arts and entertainment activities70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (1)
  • 20000
Contacts
1 public detail availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220202019201820172016201520142013201220112010200920082007
Income statement
Gross margin434,7 k €440,0 k €311,2 k €193,3 k €78,5 k €70,7 k €61,4 k €75,0 k €49,4 k €51,5 k €41,4 k €38,1 k €43,6 k €35,7 k €25,8 k €30,9 k €52,2 k €53,1 k €
EBITDA57,0 k €67,6 k €9,4 k €61,2 k €65,4 k €50,5 k €52,9 k €41,8 k €27,7 k €34,7 k €34,6 k €28,1 k €35,7 k €29,7 k €15,3 k €27,0 k €49,8 k €38,3 k €
Operating result45,0 k €50,8 k €-9,4 k €36,9 k €43,6 k €41,2 k €44,8 k €37,5 k €24,7 k €34,7 k €34,6 k €28,1 k €37,8 k €29,7 k €10,5 k €16,3 k €29,2 k €12,7 k €
Net result18,2 k €17,5 k €19,5 k €-5,3 k €28,3 k €12,2 k €8,8 k €16,8 k €4,3 k €14,2 k €4,2 k €11,7 k €18,7 k €15,1 k €7,3 k €11,7 k €25,4 k €12,4 k €
Balance sheet
Equity403,5 k €385,3 k €367,9 k €348,4 k €333,0 k €304,7 k €292,4 k €283,6 k €266,8 k €262,5 k €248,3 k €244,1 k €232,5 k €213,7 k €198,6 k €191,3 k €179,7 k €154,3 k €
Total assets3,5 M €2,0 M €2,0 M €2,1 M €1,5 M €1,5 M €1,4 M €1,3 M €1,5 M €1,4 M €1,8 M €1,2 M €945,8 k €832,7 k €592,4 k €622,3 k €623,5 k €755,7 k €
Cash406,2 k €157,5 k €161,2 k €48,0 k €58,6 k €76,5 k €151,9 k €52,6 k €41,2 k €212,4 k €157,9 k €69,2 k €170,0 k €198,0 k €13,8 k €54,0 k €33,6 k €65,7 k €
Debts2,3 M €1,6 M €1,5 M €1,7 M €1,1 M €1,2 M €1,1 M €937,3 k €1,2 M €1,2 M €1,5 M €902,2 k €713,4 k €601,2 k €384,3 k €420,7 k €386,9 k €546,6 k €
Other
Workforce6,0 ETP5,1 ETP4,7 ETP3,1 ETP––––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 18 ended

Active mandates

Michiel Vanderheyden

Director · since 31 mars 2022

Active
Mike De Smet

Director · since 31 mars 2022

Active

Ended mandates

Mike De Smet

Manager · since 15 mai 2016

Ended
M. VANDERHEYDEN

Manager · since 29 novembre 2011 · 0867.242.653

Represented by Michiel Vanderheyden

Ended
J.RENAER

Manager · 0881.000.916

Represented by Jan Renaer

Ended
J.RENAER

Mandate · 0881.000.916

Represented by Jan Renaer

Ended
At this address

Other companies at this address

CompanyCBE no.
2HOLD● Active
0756.862.096
ACCUMEN● Bankrupt
0808.872.409
Across Health● Active
0894.968.223
ACROSS HEALTH INTERNATIONAL● Active
1038.876.136
Ad PeopleBridge● Active
0820.096.891
Apotheken Paracelsus - Gent● Active
1035.178.852
Arena Events● Active
0836.260.556
Arena Hub● Active
1040.818.215
Armada Ganda● Active
0738.731.808
ARTEVELDE-STADION● Active
0863.176.670
ATOS EUROPE● Active
0875.649.187
Awingu● Active
0832.859.222
AxTalis● Active
0745.587.926
AxTalis Holdco● Active
1008.561.161
BASWARE BELGIUM● Active
0500.813.770
BIZZCONTROL● Active
0746.718.173
Bontinck Architecture and Interior NV● Active
0428.573.120
BONTINCK GROEP● Active
0550.816.082
Brooks 'n' Fields● Active
0800.859.417
Buffalo Talent Center● Active
0805.054.963
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/04/202629/04/202530/04/202428/04/202308/03/202230/04/2021
General meeting28/04/202603/03/202504/03/202406/03/202307/03/202201/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202528/04/202630/04/2026DutchPDF
Abridged model30/09/202403/03/202529/04/2025DutchPDF
Abridged model30/09/202304/03/202430/04/2024DutchPDF
Abridged model30/09/202206/03/202328/04/2023DutchPDF
Abridged model30/09/202107/03/202208/03/2022DutchPDF
Abridged model30/09/202001/03/202130/04/2021DutchPDF
Abridged model30/09/201902/03/202015/04/2020DutchPDF
Abridged model30/09/201804/03/201910/05/2019DutchPDF
Abridged model30/09/201705/03/201830/05/2018DutchPDF
Abridged model30/09/201606/03/201702/05/2017DutchPDF
Abridged model30/09/201507/03/201601/04/2016DutchPDF
Abridged model30/09/201409/04/201510/04/2015DutchPDF
Abridged model30/09/201303/03/201410/03/2014DutchPDF
Abridged model30/09/201204/03/201328/03/2013DutchPDF
Abridged model30/09/201105/03/201217/04/2012DutchPDF
Abridged model30/09/201007/03/201127/05/2011DutchPDF
Abridged model30/09/200901/03/201027/04/2010DutchPDF
Abridged model30/09/200802/03/200905/05/2009DutchPDF
Abridged model30/09/200703/03/200814/05/2008DutchPDF
Abridged model30/09/200605/03/200721/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 18 ended

Active mandates

Michiel Vanderheyden

Director · since 31 mars 2022

Active
Mike De Smet

Director · since 31 mars 2022

Active

Ended mandates

Mike De Smet

Manager · since 15 mai 2016

Ended
M. VANDERHEYDEN

Manager · since 29 novembre 2011 · 0867.242.653

Represented by Michiel Vanderheyden

Ended
J.RENAER

Manager · 0881.000.916

Represented by Jan Renaer

Ended
J.RENAER

Mandate · 0881.000.916

Represented by Jan Renaer

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares14/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Registered office12/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/04/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring22/02/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Mandates13/09/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/11/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/12/2011
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates09/04/2004
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202518,2 k €↑
  2. 2024
    Annual accounts 202417,5 k €↓
  3. 2023
    Annual accounts 202319,5 k €↑
  4. 2022
    Annual accounts 2022-5,3 k €↓
  5. 2020
    Annual accounts 202028,3 k €↑
  6. 2019
    Annual accounts 201912,2 k €↑
  7. 2018
    Annual accounts 20188,8 k €↓
  8. 2017
    Annual accounts 201716,8 k €↑
  9. 2016
    Annual accounts 20164,3 k €↓
  10. 2015
    Annual accounts 201514,2 k €↑
  11. 2014
    Annual accounts 20144,2 k €↓
  12. 2013
    Annual accounts 201311,7 k €↓
  13. 2012
    Annual accounts 201218,7 k €↑
  14. 2011
    Annual accounts 201115,1 k €↑
  15. 2010
    Annual accounts 20107,3 k €↓
  16. 2009
    Annual accounts 200911,7 k €↓
  17. 2008
    Annual accounts 200825,4 k €↑
  18. 2007
    Annual accounts 200712,4 k €
  19. 23/01/1996
    IncorporationPrivate limited company