2CALIBRATE
Inactive2CALIBRATE was declared bankrupt on 12-11-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 24-06-2025, published in the Belgian State Gazette on 03-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-07-2024, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
10 d early
2022
34 d early
2021
33 d early
2020
23 d late
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€90,311▲ 14.5%
2022 · -€105,635
Total assets
€117,452▲ 616%
2022 · €16,398
Net result
€15,324▼ 3.9%
2022 · €15,948
Working capital
-€74,663▲ 29.3%
2022 · -€105,635
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€6,419▲ 18.6%-€4,410▲ 31.3%-€152,194▼ 3,351%€15,967€23,791▲ 49.0%
Net result-€9,083▼ 1.5%-€4,659▲ 48.7%-€152,291▼ 3,169%€15,948€15,324▼ 3.9%
Equity€35,366▼ 20.4%€30,707▼ 13.2%-€121,583-€105,635▲ 13.1%-€90,311▲ 14.5%
Total assets€154,397▼ 4.0%€153,780▼ 0.4%€532▼ 99.7%€16,398▲ 2,983%€117,452▲ 616%
Debt€119,030▲ 2.3%€123,072▲ 3.4%€122,115▼ 0.8%€122,033▼ 0.1%€207,763▲ 70.3%
Working capital-€116,359▼ 18.7%-€121,018▼ 4.0%-€121,583▼ 0.5%-€105,635▲ 13.1%-€74,663▲ 29.3%
Staff (FTE)2.7
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 49% above 2022 and is the highest result in the available series.
Balance-sheet composition
Assets €117,452
Fixed assets
€67,313
Current assets
€50,139
Key figures and ratios
EBITDA
€29,219
Cash flow
€20,752
Solvency
-76.9%▲
2022 · -644.2%
Current ratio
0.40▲
2022 · 0.13
Debt to equity
-2.30▼
2022 · -1.16
ROA
13.0%▼
2022 · 97.3%
Interest coverage
9.87
Debt ≤ 1 year
€124,802▲
2022 · €122,033
Debt > 1 year
€48,799
Income taxes
€5,509
Staff costs
€3,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €3,532 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €5,427 | - |
| Other operating charges640/8 | - | - | - | - | €792 | - |
| Non-recurring operating charges66A | - | - | €150,225 | - | - | - |
| Gross operating margin9900 | -€6,072 | -€4,410 | -€1,969 | €15,967 | €33,543 | ▲ 110% |
| Operating profit (loss)9901 | -€6,419 | -€4,410 | -€152,194 | €15,967 | €23,791 | ▲ 49.0% |
| Financial income75/76B | - | - | - | - | €2 | - |
| Recurring financial income75 | - | €0 | - | - | €2 | - |
| Financial charges65/66B | - | - | €97 | €19 | €2,960 | ▲ 15,684% |
| Recurring financial charges65 | €673 | €249 | €97 | €19 | €2,960 | ▲ 15,684% |
| Profit (loss) for the period before taxes9903 | -€7,093 | -€4,659 | -€152,291 | €15,948 | €20,834 | ▲ 30.6% |
| Income taxes67/77 | €1,991 | - | - | - | €5,509 | - |
| Profit (loss) for the period9904 | -€9,083 | -€4,659 | -€152,291 | €15,948 | €15,324 | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | -€9,083 | -€4,659 | -€152,291 | €15,948 | €15,324 | ▼ 3.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,397 | €153,780 | €532 | €16,398 | €117,452 | ▲ 616% |
| Fixed assets21/28 | €151,725 | €151,725 | - | - | €67,313 | - |
| Tangible fixed assets22/27 | - | - | - | - | €60,800 | - |
| Land and buildings22 | - | - | - | - | €4,128 | - |
| Plant, machinery and equipment23 | - | - | - | - | €55,791 | - |
| Furniture and vehicles24 | - | - | - | - | €881 | - |
| Financial fixed assets28 | €151,725 | €151,725 | - | - | €6,513 | - |
| Current assets29/58 | €2,672 | €2,055 | €532 | €16,398 | €50,139 | ▲ 206% |
| Amounts receivable within one year40/41 | €783 | €1,603 | €427 | €9,547 | €37,303 | ▲ 291% |
| Trade receivables40 | - | - | - | €9,547 | €36,038 | ▲ 277% |
| Other amounts receivable41 | - | - | €427 | - | €1,265 | - |
| Cash at bank and in hand54/58 | €1,888 | €452 | €105 | €6,851 | €10,158 | ▲ 48.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,678 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,397 | €153,780 | €532 | €16,398 | €117,452 | ▲ 616% |
| Equity10/15 | €35,366 | €30,707 | -€121,583 | -€105,635 | -€90,311 | ▲ 14.5% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | €18,600 | - | - |
| Other1109/19 | - | - | €18,600 | €18,600 | - | - |
| Reserves13 | €16,766 | €12,107 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | - | - | -€142,043 | -€126,095 | -€110,771 | ▲ 12.2% |
| Amounts payable17/49 | €119,030 | €123,072 | €122,115 | €122,033 | €207,763 | ▲ 70.3% |
| Amounts payable after more than one year17 | - | - | - | - | €48,799 | - |
| Financial debts170/4 | - | - | - | - | €48,799 | - |
| Amounts payable within one year42/48 | €119,030 | €123,072 | €122,115 | €122,033 | €124,802 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12,256 | - |
| Trade debts44 | €35 | - | - | €971 | €6,975 | ▲ 618% |
| Suppliers440/4 | - | - | - | €971 | €6,975 | ▲ 618% |
| Taxes, remuneration and social security45 | - | - | - | €3,554 | €10,486 | ▲ 195% |
| Taxes450/3 | - | - | - | €3,554 | €9,749 | ▲ 174% |
| Remuneration and social security454/9 | - | - | - | - | €736 | - |
| Other amounts payable47/48 | - | - | €122,115 | €117,508 | €95,085 | ▼ 19.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €34,161 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,083 | -€4,659 | -€152,291 | €15,948 | €15,324 | ▼ 3.9% |
| + Depreciation and write-downs630 | - | - | - | - | €5,427 | - |
| Operating cash flow (approximation) | -€9,083 | -€4,659 | -€152,291 | €15,948 | €20,752 | ▲ 30.1% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€1,436 | -€347 | €6,746 | €3,307 | ▼ 51.0% |
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
2025
03-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 24-06-2025
2024
19-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-11-2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15,948
Net result €15,948 after 4 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€152,291
Net result drops to -€152,291, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC DEWAEL A. DE COCKPLEIN 9, 1831 DIEGEM- |
12-11-2024 → 24-06-2025 |
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 896 EUR awarded · 45 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 851 EUR | 0 EUR |
| 2023 | 1 | 45 EUR | 45 EUR |