CALCULARE
ActiveSummary
CALCULARE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,298 and a net result of €112,183. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 8% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+6
Solvency29▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.28 in 2024; short-term debt: 24% and cash: 1.6% of total assets), and 95.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.2%
Return on assets
12.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 12829 sector peers (2025).
NBB · sector comparisonPosition among 12829 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
on the day
2022
on the day
2021
1 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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 1 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,298▼ 32.9%
2024 · €54,115
Total assets
€871,603▼ 2.0%
2024 · €889,263
Net result
€112,183▲ 59.1%
2024 · €70,521
Working capital
€40,114▼ 16.1%
2024 · €47,790
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result€46,867▼ 37.6%€126,977▲ 171%€151,255▲ 19.1%€105,435▼ 30.3%€155,178▲ 47.2%
Net result€36,803within the sector's middle half▼ 36.8%€93,363above the sector's middle half▲ 154%€108,742above the sector's middle half▲ 16.5%€70,521within the sector's middle half▼ 35.1%€112,183above the sector's middle half▲ 59.1%
Equity€53,089within the sector's middle half▲ 226%€32,852below the sector's middle half▼ 38.1%€78,594within the sector's middle half▲ 139%€54,115within the sector's middle half▼ 31.1%€36,298within the sector's middle half▼ 32.9%
Total assets€886,239above the sector's middle half▲ 1,207%€843,007above the sector's middle half▼ 4.9%€962,001above the sector's middle half▲ 14.1%€889,263above the sector's middle half▼ 7.6%€871,603above the sector's middle half▼ 2.0%
Debt€833,150▲ 1,517%€810,155▼ 2.8%€883,407▲ 9.0%€835,148▼ 5.5%€835,305=
Working capital€129,691within the sector's middle half▲ 1,898%€58,892within the sector's middle half▼ 54.6%€70,084within the sector's middle half▲ 19.0%€47,790within the sector's middle half▼ 31.8%€40,114within the sector's middle half▼ 16.1%
Solvency6.0%below the sector's middle half▼ 18.0pp3.9%below the sector's middle half▼ 2.1pp8.2%below the sector's middle half▲ 4.3pp6.1%below the sector's middle half▼ 2.1pp4.2%below the sector's middle half▼ 1.9pp
Current ratio2.09within the sector's middle half▲ 0.961.36within the sector's middle half▼ 0.721.41within the sector's middle half▲ 0.041.28within the sector's middle half▼ 0.121.19within the sector's middle half▼ 0.09
Return on assets (ROA)4.2%within the sector's middle half▼ 81.7pp11.1%within the sector's middle half▲ 6.9pp11.3%within the sector's middle half▲ 0.2pp7.9%within the sector's middle half▼ 3.4pp12.9%within the sector's middle half▲ 4.9pp
Staff (FTE)1.8▲ 125%3▲ 66.7%3=3.9▲ 30.0%4.4▲ 12.8%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 recovers in 2025; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €871,603
Fixed assets
€622,106 ▼ 7.4%
Current assets
€249,496 ▲ 14.9%
Equity and liabilities €871,603
Equity
€36,298 ▼ 32.9%
Debt
€835,305 =
Debt's share of the balance-sheet total rises from 93.9% to 95.8%. Equity is lower.
Key figures and ratios
EBITDA
€213,407▲
2024 · €168,074
Cash flow
€170,412▲
2024 · €133,159
Debt to equity
23.01▲
2024 · 15.43
ROE
309.1%▲
2024 · 130.3%
Interest coverage
13.46▲
2024 · 10.18
Debt ≤ 1 year
€209,382▲
2024 · €169,348
Debt > 1 year
€625,923▼
2024 · €665,801
Income taxes
€30,000▲
2024 · €21,888
Staff costs
€187,605▲
2024 · €119,404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,153 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €42,954 | €94,217 | €96,888 | €119,404 | €187,605 | ▲ 57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,745 | €41,837 | €51,132 | €62,638 | €58,229 | ▼ 7.0% |
| Other operating charges640/8 | €5,067 | €1,628 | €3,851 | €3,397 | €4,382 | ▲ 29.0% |
| Gross operating margin9900 | €165,633 | €264,660 | €303,126 | €290,875 | €405,394 | ▲ 39.4% |
| Operating profit (loss)9901 | €46,867 | €126,977 | €151,255 | €105,435 | €155,178 | ▲ 47.2% |
| Financial income75/76B | €1,263 | €4,757 | €3,554 | €3,483 | €2,858 | ▼ 17.9% |
| Recurring financial income75 | €1,263 | €4,757 | €3,554 | €3,483 | €2,858 | ▼ 17.9% |
| Financial charges65/66B | €3,868 | €11,720 | €13,826 | €16,510 | €15,854 | ▼ 4.0% |
| Recurring financial charges65 | €3,868 | €11,720 | €13,826 | €16,510 | €15,854 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €44,262 | €120,014 | €140,983 | €92,409 | €142,183 | ▲ 53.9% |
| Income taxes67/77 | €7,459 | €26,652 | €32,241 | €21,888 | €30,000 | ▲ 37.1% |
| Profit (loss) for the period9904 | €36,803 | €93,363 | €108,742 | €70,521 | €112,183 | ▲ 59.1% |
| Profit (loss) for the period to be appropriated9905 | €36,803 | €93,363 | €108,742 | €70,521 | €112,183 | ▲ 59.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €886,239 | €843,007 | €962,001 | €889,263 | €871,603 | ▼ 2.0% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €637,450 | €622,527 | €719,702 | €672,125 | €622,106 | ▼ 7.4% |
| Intangible fixed assets21 | €744 | €1,401 | €4,103 | €2,636 | €1,769 | ▼ 32.9% |
| Tangible fixed assets22/27 | €636,706 | €621,126 | €715,599 | €669,489 | €620,337 | ▼ 7.3% |
| Land and buildings22 | €557,374 | €534,851 | €512,328 | €489,806 | €467,283 | ▼ 4.6% |
| Plant, machinery and equipment23 | €61,651 | €73,227 | €194,077 | €173,098 | €149,317 | ▼ 13.7% |
| Furniture and vehicles24 | €17,681 | €13,047 | €9,194 | €6,585 | €3,737 | ▼ 43.3% |
| Current assets29/58 | €248,789 | €220,480 | €242,299 | €217,138 | €249,496 | ▲ 14.9% |
| Amounts receivable after more than one year29 | €158,000 | €124,840 | €128,946 | €102,298 | €132,593 | ▲ 29.6% |
| Other amounts receivable291 | €158,000 | €124,840 | €128,946 | €102,298 | €132,593 | ▲ 29.6% |
| Amounts receivable within one year40/41 | €44,522 | €45,068 | €89,630 | €86,913 | €97,672 | ▲ 12.4% |
| Trade receivables40 | €41,984 | €42,530 | €89,630 | €78,801 | €89,560 | ▲ 13.7% |
| Other amounts receivable41 | €2,538 | €2,538 | - | €8,112 | €8,112 | = |
| Cash at bank and in hand54/58 | €35,496 | €33,159 | €8,809 | €23,119 | €13,722 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | €10,771 | €17,413 | €14,914 | €4,807 | €5,510 | ▲ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €886,239 | €843,007 | €962,001 | €889,263 | €871,603 | ▼ 2.0% |
| Equity10/15 | €53,089 | €32,852 | €78,594 | €54,115 | €36,298 | ▼ 32.9% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €750 | €750 | €750 | €750 | €750 | = |
| Distributable reserves133 | €750 | €750 | €750 | €750 | €750 | = |
| Profit (loss) carried forward14 | €46,139 | €13,502 | €59,244 | €34,765 | €16,948 | ▼ 51.2% |
| Amounts payable17/49 | €833,150 | €810,155 | €883,407 | €835,148 | €835,305 | = |
| Amounts payable after more than one year17 | €713,688 | €648,567 | €711,192 | €665,801 | €625,923 | ▼ 6.0% |
| Financial debts170/4 | €713,688 | €648,567 | €711,192 | €665,801 | €625,923 | ▼ 6.0% |
| Amounts payable within one year42/48 | €119,098 | €161,588 | €172,214 | €169,348 | €209,382 | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | €25,153 | €54,880 | €76,129 | €70,532 | €75,818 | ▲ 7.5% |
| Financial debts43 | €3,344 | €4,981 | €6,771 | €15,223 | €21,089 | ▲ 38.5% |
| Other loans439 | €3,344 | €4,981 | €6,771 | €15,223 | €21,089 | ▲ 38.5% |
| Trade debts44 | €13,629 | €25,350 | €19,799 | €10,994 | €20,446 | ▲ 86.0% |
| Suppliers440/4 | €13,629 | €25,350 | €19,799 | €10,994 | €20,446 | ▲ 86.0% |
| Taxes, remuneration and social security45 | €26,489 | €53,877 | €69,349 | €71,916 | €92,029 | ▲ 28.0% |
| Taxes450/3 | €26,364 | €40,979 | €54,385 | €51,942 | €53,345 | ▲ 2.7% |
| Remuneration and social security454/9 | €125 | €12,897 | €14,965 | €19,974 | €38,683 | ▲ 93.7% |
| Other amounts payable47/48 | €50,483 | €22,500 | €165 | €684 | - | - |
| Accrued charges and deferred income492/3 | €364 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,803 | €93,363 | €108,742 | €70,521 | €112,183 | ▲ 59.1% |
| + Depreciation and write-downs630 | €70,745 | €41,837 | €51,132 | €62,638 | €58,229 | ▼ 7.0% |
| Operating cash flow (approximation) | €107,548 | €135,200 | €159,874 | €133,159 | €170,412 | ▲ 28.0% |
| Investment in fixed assets (approximation) | - | -€26,915 | -€148,307 | -€15,061 | -€8,210 | ▲ 45.5% |
| Change in cash | - | -€2,338 | -€24,350 | €14,310 | -€9,397 | ▼ 166% |
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
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
Incorporation · Founder
Name clause · Legal form clause
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
14-08
State Gazette act
Incorporation · Legal form clause
Name clause · Registered office clause
02-06
State Gazette act
Incorporation · Name clause
Registered office clause · Duration
30-03
State Gazette act
General meeting · Statutes amendment
Reserve release · Registered-office move · Yves De Deken
2025
31-12
Financial
Highest result since 2018net €112,183 ▲59.1%
Operating result €155,178, net result €112,183, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2017
Ground area
136 m²
Building footprint
136 m²
Volume, LiDAR
986 m³
Parcel 11808H1199/00P004, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CALCULARE
since 20172.263.997.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1199/00P004 | Flanders | 136 m² | 1 · 136 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,283 EUR awarded · 1,284 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 120 EUR | 120 EUR |
| 2024 | 1 | 210 EUR | 376 EUR |
| 2023 | 1 | 434 EUR | 269 EUR |
| 2022 | 1 | 519 EUR | 519 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 5,474 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
Founded20-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
www.calculare.beAntwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674903729
Also
9925:BE0674903729
Registered
10-11-2025
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.