Financials
- Fiscal year
- 2025
- Total assets
- €135,886
- Loss
- -€11,554
- Solvency
- 9.3%
Total assets▲ 0.4%
Net result
20182025
CAL-ANN
ActiveSummary
CAL-ANN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,661 and a net result of -€11,554. Equity is shrinking by ~15.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Activity not known1 site
How big
€135,886total assets 2025
- Equity
- €12,661
- Loss
- -€11,554
Who decides
- Holdings
- 1
Accounts 25 d early0 of 6 deeds read
Why 83- Loss of €11,554, the second in a row (FY 2025)+ Size: total assets €135,886+ Founded in 1991+ Figures for FY 2025 (filed 06-07-2026)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Better than 13% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
34-9
equity 9.3% of total assets
Liquidity
1-4
short-term debt 90.7% · cash 0.7%
Profitability
16+1
return on assets -8.5%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 0.4%highest value
08-2026: 0.2%▼ -41.7% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Size: total assets €135,886 lowers the probability for this profile
- Founded in 1991 lowers the probability for this profile
- Loss of €11,554, the second in a row (FY 2025) raises the probability
- Figures for FY 2025 (filed 06-07-2026) lowers the probability
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.0 in 2024; short-term debt: 90.7% and cash: 0.7% of total assets), and 90.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 22%, liquidity 4%, profitability 15%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,554
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
17 d early
2023
7 d early
2022
7 d early
2021
33 d early
2020
18 d late
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 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 (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. Usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet -€12,303
Key points
By topic
Network & group
- Subsidiaries
- 2
- Holdings
- 1
2 subsidiaries
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 06-07-2026Annual accounts filed
- 14-07-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 18-12-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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