Starting capital
€22.2m
CALAS
Lifetime
1 annual account with figurespeak -€71,995 (2025)
-€71,995
lowest -€121,642 (2025)
-€121,642
peak €22.1m (2025)
€22.1m
€12.9m
peak 0 FTE (2025)
0 FTE
Board3 names since 2024
3 directorsHOCKE Pierre and 2 others
Documentsfilings and deeds
14-09-202645 days late
2025abbreviated format
Loss of €121,642First year with figures
Key points
from the 2025 annual accountsAt the same address
232 companies
2025 accounts filed 45 days after the deadlineTurnover not published (abbreviated format)
Checked score
91
Excellent
Financially stronger than 56% of medium-sized companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 2.5%
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.6%▲ +0.1 percentage points vs 02-2026
04-2026: 3.0%▲ +0.4 percentage points vs 03-2026
05-2026: 3.2%▲ +0.2 percentage points vs 04-2026
06-2026: 3.5%▲ +0.3 percentage points vs 05-2026
07-2026: 3.5%● unchanged vs 06-2026
08-2026: 3.7%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 3.6%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%▼ -3.5 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Last filed accounts filed 45 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €35.0m
No main activity registered
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized). It does better than 43% of them on solvency, 91% on liquidity and 35% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 249 companies had the same profile as CALAS has now. Each dot is one company, two years later.
94.0%
were still trading
4.8%
stopped another way
0.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CALAS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 249 companies, not a prediction for CALAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 73.61, above the usual 1.5. Short-term debt is 1.1% and cash 10.6% of total assets. 36.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 45 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
45 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Yves CARAKÉHIAN founderdeed of 27-12-2024
- Julia LUBOMIRSKI founderdeed of 27-12-2024
- Edouard CARAKÉHIAN founderdeed of 27-12-2024
Recent changes
Incorporation
Founding capital of €22,233,381 · Founders: Yves CARAKÉHIAN, Julia LUBOMIRSKI, Edouard CARAKÉHIAN and 2 others · Appointments: Yves CARAKÉHIAN, Julia LUBOMIRSKI and HOCKE Pierre · published on 27-12-2024 · Gazette deed
First establishment
Terhulpsesteenweg 150, Watermael-Boitsfort
Official details
Source: KBO- Status
- Active since 23-12-2024Normal situation
- Registered office
- 233 active companies are registered at this address24 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “La gestion d’un patrimoine familial en vue de sa préservation,de son développement et de…” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.370.412.7541170 Watermael-Boitsfort, since 23-12-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on CALAS
CALAS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.1m and a net result of -€121,642.
The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CALAS
- What is the company number of CALAS?
- The company number of CALAS is 1017.810.013. The VAT number is the same number with BE in front: BE 1017.810.013.
- Where is CALAS based?
- The registered office is at Terhulpsesteenweg 150, 1170 Watermael-Boitsfort.Company details
- What is the legal form of CALAS?
- CALAS is a private limited company (BV).
- When was CALAS founded?
- CALAS was founded on 23-12-2024.
- Is CALAS still active?
- Yes, CALAS is an active enterprise in the KBO register.
- What is the turnover of CALAS?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is CALAS profitable?
- In financial year 2025, CALAS made a loss of €121,642.
- Where can I find the annual accounts of CALAS?
- CALAS filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark Estimate what this company is worth.Value indication
See how customers, suppliers and banks see your own company and what to improve first.