CALAGO
Judicial reorganisationSummary
The file of CALAGO contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for CALAGO the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €82,442 and a net result of €31,504. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 36381 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Liège
- Opened
- 6 August 2026
- Track
- Reorganisation by amicable settlement
- Docket number
- 20260053
- Moratorium until
- 6 October 2026
- Delegated judge
- Nadia Ajvazov
- Official Gazette
- 13-08-2026 (pdf) ↗search the document for 2026/134476
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 6 October 2026, unless the court extends or ends it earlier.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2024
44
/ 100
Weak
An ongoing judicial reorganisation from the Belgian State Gazette caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-13
Solvency55▲+9
Growth78=
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 46.53 against 16.86 in 2023; short-term debt: 0.7% and cash: 0.3% of total assets), but 70.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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
not confirmed
2024
88 d late
2023
321 d late
2022
687 d late
2021
997 d late
2020
1041 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 527 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Other building finishing work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€82,442▲ 61.8%
2023 · €50,941
Total assets
€276,060▲ 14.8%
2023 · €240,527
Net result
€31,504▲ 58.3%
2023 · €19,900
Working capital
€83,589▲ 78.1%
2023 · €46,931
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€15,189€11,724€11,977▲ 2.2%€25,974▲ 117%€46,005▲ 77.1%
Net result-€19,051below the sector's middle half€11,686within the sector's middle half€5,980within the sector's middle half▼ 48.8%€19,900within the sector's middle half▲ 233%€31,504above the sector's middle half▲ 58.3%
Equity€13,375below the sector's middle half▼ 58.8%€25,061within the sector's middle half▲ 87.4%€31,041within the sector's middle half▲ 23.9%€50,941within the sector's middle half▲ 64.1%€82,442within the sector's middle half▲ 61.8%
Total assets€257,334within the sector's middle half▼ 3.1%€281,463within the sector's middle half▲ 9.4%€252,852within the sector's middle half▼ 10.2%€240,527within the sector's middle half▼ 4.9%€276,060within the sector's middle half▲ 14.8%
Debt€243,959▲ 4.6%€256,402▲ 5.1%€221,811▼ 13.5%€189,585▼ 14.5%€193,619▲ 2.1%
Working capital-€4,638below the sector's middle half€19,913within the sector's middle half€15,872within the sector's middle half▼ 20.3%€46,931within the sector's middle half▲ 196%€83,589within the sector's middle half▲ 78.1%
Solvency5.2%below the sector's middle half▼ 7.0pp8.9%below the sector's middle half▲ 3.7pp12.3%below the sector's middle half▲ 3.4pp21.2%below the sector's middle half▲ 8.9pp29.9%within the sector's middle half▲ 8.7pp
Current ratio0.79below the sector's middle half▼ 0.281.52within the sector's middle half▲ 0.731.53within the sector's middle half▲ 0.0116.86above the sector's middle half▲ 15.3346.53above the sector's middle half▲ 29.68
Return on assets (ROA)-7.4%below the sector's middle half▼ 8.7pp4.2%within the sector's middle half▲ 11.6pp2.4%within the sector's middle half▼ 1.8pp8.3%within the sector's middle half▲ 5.9pp11.4%within the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 77% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €276,060
Fixed assets
€190,636 =
Current assets
€85,424 ▲ 71.2%
Equity and liabilities €276,060
Equity
€82,442 ▲ 61.8%
Debt
€193,619 ▲ 2.1%
Debt's share of the balance-sheet total falls from 78.8% to 70.1%. Equity and debt are higher.
Key figures and ratios
Debt to equity
2.35▼
2023 · 3.72
ROE
38.2%▼
2023 · 39.1%
Debt ≤ 1 year
€1,836▼
2023 · €2,960
Debt > 1 year
€191,783▲
2023 · €186,317
Staff costs
€509▲
2023 · €158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €509 | €158 | €509 | ▲ 222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,448 | €16,378 | €16,316 | €16,316 | - | - |
| Other operating charges640/8 | €503 | €681 | €6,277 | €910 | €343 | ▼ 62.3% |
| Gross operating margin9900 | €1,762 | €28,783 | €35,080 | €43,358 | €46,857 | ▲ 8.1% |
| Operating profit (loss)9901 | -€15,189 | €11,724 | €11,977 | €25,974 | €46,005 | ▲ 77.1% |
| Financial income75/76B | €2,500 | - | - | - | - | - |
| Recurring financial income75 | €2,500 | - | - | - | - | - |
| Financial charges65/66B | €6,362 | €38 | €5,997 | €6,074 | €14,502 | ▲ 139% |
| Recurring financial charges65 | €6,362 | €38 | €5,997 | €6,074 | €14,502 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | -€19,051 | €11,686 | €5,980 | €19,900 | €31,504 | ▲ 58.3% |
| Profit (loss) for the period9904 | -€19,051 | €11,686 | €5,980 | €19,900 | €31,504 | ▲ 58.3% |
| Profit (loss) for the period to be appropriated9905 | -€19,051 | €11,686 | €5,980 | €19,900 | €31,504 | ▲ 58.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,334 | €281,463 | €252,852 | €240,527 | €276,060 | ▲ 14.8% |
| Fixed assets21/28 | €239,646 | €223,269 | €206,952 | €190,636 | €190,636 | = |
| Tangible fixed assets22/27 | €239,646 | €223,269 | €206,952 | €190,636 | €190,636 | = |
| Land and buildings22 | €233,404 | €219,382 | €205,361 | €189,045 | €189,045 | = |
| Plant, machinery and equipment23 | €328 | €134 | €0 | - | - | - |
| Furniture and vehicles24 | €3,262 | €1,631 | €0 | - | - | - |
| Other tangible fixed assets26 | €2,652 | €2,122 | €1,591 | €1,591 | €1,591 | = |
| Current assets29/58 | €17,688 | €58,195 | €45,900 | €49,891 | €85,424 | ▲ 71.2% |
| Amounts receivable within one year40/41 | €17,688 | €58,195 | €44,182 | €49,071 | €57,428 | ▲ 17.0% |
| Trade receivables40 | €9,404 | €58,195 | €0 | €7,000 | €10,944 | ▲ 56.3% |
| Other amounts receivable41 | €8,284 | €0 | €44,182 | €42,071 | €46,484 | ▲ 10.5% |
| Cash at bank and in hand54/58 | - | - | €820 | €820 | €965 | ▲ 17.7% |
| Deferred charges and accrued income490/1 | - | - | €898 | - | €27,031 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,334 | €281,463 | €252,852 | €240,527 | €276,060 | ▲ 14.8% |
| Equity10/15 | €13,375 | €25,061 | €31,041 | €50,941 | €82,442 | ▲ 61.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€7,085 | €4,601 | €10,581 | €30,481 | €61,982 | ▲ 103% |
| Amounts payable17/49 | €243,959 | €256,402 | €221,811 | €189,585 | €193,619 | ▲ 2.1% |
| Amounts payable after more than one year17 | €221,633 | €206,506 | €191,783 | €186,317 | €191,783 | ▲ 2.9% |
| Financial debts170/4 | €221,633 | €206,506 | €191,783 | €186,317 | €191,783 | ▲ 2.9% |
| Amounts payable within one year42/48 | €22,326 | €38,282 | €30,028 | €2,960 | €1,836 | ▼ 38.0% |
| Current portion of amounts payable after more than one year42 | €14,621 | €463 | €12,745 | - | - | - |
| Financial debts43 | €1,852 | €40 | €0 | - | - | - |
| Other loans439 | €1,852 | €40 | €0 | - | - | - |
| Trade debts44 | €2,853 | €19,752 | €15,283 | €1,124 | - | - |
| Suppliers440/4 | €2,853 | €19,752 | €15,283 | €1,124 | - | - |
| Taxes, remuneration and social security45 | €3,000 | - | - | - | - | - |
| Remuneration and social security454/9 | €3,000 | - | - | - | - | - |
| Other amounts payable47/48 | - | €18,027 | €2,000 | €1,836 | €1,836 | = |
| Accrued charges and deferred income492/3 | - | €11,614 | - | €309 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,051 | €11,686 | €5,980 | €19,900 | €31,504 | ▲ 58.3% |
| + Depreciation and write-downs630 | €16,448 | €16,378 | €16,316 | €16,316 | - | - |
| Operating cash flow (approximation) | -€2,603 | €28,064 | €22,297 | €36,216 | €31,504 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€1 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €0 | €145 | - |
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
2026
13-08
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · amicable agreement · event 06-08-2026
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 88 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 321 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 687 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 997 days late
2024
31-12
Financial
Highest result since 2018net €31,504 ▲58.3%
Operating result €46,005, net result €31,504, both a record.
31-12
Financial
Liquidity triplescurrent ratio 46.53
Current ratio from 16.86 to 46.53; short-term debt falls from €2,960 to €1,836.
06-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1041 days late
2023
31-12
Financial
Liquidity times 11current ratio 16.86
Current ratio from 1.53 to 16.86; short-term debt falls from €30,028 to €2,960.
2021
31-12
Financial
Back to profitnet €11,686
Net result €11,686 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€19,051
Net result drops to -€19,051, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 1.07
Current ratio from 0.52 to 1.07; short-term debt falls from €17,777 to €13,458.
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 71 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 39 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 281 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2011
Ground area
3,111 m²
Building footprint
94 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Calago
since 20112.198.807.282
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135C0050/00E000 | Wallonia | 1,713 m² | 1 · 94 m² | - |
| 92135F0148/00F000 | Wallonia | 1,398 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,363. 1,997 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)
Founded14-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
74130Interior design
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835531274
Also
9925:BE0835531274
Registered
25-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.