CALCULE
ActiveSummary
CALCULE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €63k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency39▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.95 in 2024; short-term debt: 25.3% and cash: 0.9% of total assets), and 85.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
14.4%
Return on assets
5.9%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3307 sector peers (2025).
NBB · sector comparisonPosition among 3307 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
35 d early
2023
25 d early
2022
24 d early
2021
5 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€153k▲ 3.3%
2024 · €148k
2018: €105klowest in 8 years
2019: €112k▲ +6.7% vs 2018
2020: €124k▲ +11.0% vs 2019
2021: €126k▲ +1.6% vs 2020
2022: €127k▲ +1.0% vs 2021
2023: €137k▲ +7.8% vs 2022
2024: €148k▲ +7.8% vs 2023
2025: €153k▲ +3.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.06M▼ 4.0%
2024 · €1.11M
2018: €1.67Mhighest in 8 years
2019: €1.64M▼ -2.1% vs 2018
2020: €1.49M▼ -9.1% vs 2019
2021: €1.39M▼ -6.3% vs 2020
2022: €1.21M▼ -13.4% vs 2021
2023: €1.19M▼ -1.8% vs 2022
2024: €1.11M▼ -6.6% vs 2023
2025: €1.06M▼ -4.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€63k▼ 6.1%
2024 · €67k
2018: €28klowest in 8 years
2019: €67k▲ +143% vs 2018
2020: €72k▲ +8.0% vs 2019highest in 8 years
2021: €59k▼ -17.8% vs 2020
2022: €56k▼ -5.4% vs 2021
2023: €65k▲ +15.5% vs 2022
2024: €67k▲ +3.1% vs 2023
2025: €63k▼ -6.1% vs 2024
2018 → 2025
Working capital
€-52k▼ 361%
2024 · €-11k
2018: €-78klowest in 8 years
2019: €64k▲ +182% vs 2018
2020: €94k▲ +46.9% vs 2019
2021: €129k▲ +37.2% vs 2020highest in 8 years
2022: €63k▼ -51.3% vs 2021
2023: €22k▼ -64.5% vs 2022
2024: €-11k▼ -151% vs 2023
2025: €-52k▼ -361% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€126k-€127k▲ 1.0%€137k▲ 7.8%€148k▲ 7.8%€153k▲ 3.3%
2021: €126klowest in 5 years
2022: €127k▲ +1.0% vs 2021
2023: €137k▲ +7.8% vs 2022
2024: €148k▲ +7.8% vs 2023
2025: €153k▲ +3.3% vs 2024highest in 5 years
Operating result€160k-€99k▼ 38.5%€125k▲ 26.7%€132k▲ 5.3%€125k▼ 4.7%
2021: €160khighest in 5 years
2022: €99k▼ -38.5% vs 2021lowest in 5 years
2023: €125k▲ +26.7% vs 2022
2024: €132k▲ +5.3% vs 2023
2025: €125k▼ -4.7% vs 2024
Net result€59k-€56k▼ 5.4%€65k▲ 15.5%€67k▲ 3.1%€63k▼ 6.1%
2021: €59k
2022: €56k▼ -5.4% vs 2021lowest in 5 years
2023: €65k▲ +15.5% vs 2022
2024: €67k▲ +3.1% vs 2023highest in 5 years
2025: €63k▼ -6.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€847k ▼ 4.6%
Current assets
€216k ▼ 1.6%
Equity and liabilities €1.06M
Equity
€153k ▲ 3.3%
Debt
€910k ▼ 5.1%
Debt's share of the balance-sheet total falls from 86.6% to 85.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€173k▼
2024 · €180k
Cash flow
€110k▼
2024 · €115k
Current ratio
0.81▼
2024 · 0.95
Debt to equity
5.96▼
2024 · 6.49
ROE
41.1%▼
2024 · 45.2%
ROA
5.9%▼
2024 · 6.0%
Interest coverage
5.23▲
2024 · 5.18
Debt ≤ 1 year
€269k▲
2024 · €231k
Debt > 1 year
€641k▼
2024 · €729k
Income taxes
€30k▼
2024 · €30k
Staff costs
€376k▲
2024 · €362k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.06M▼
Fixed assets21/28€888k€847k▼
Intangible fixed assets21-€4k
Tangible fixed assets22/27€888k€843k▼
Land and buildings22€870k€832k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€13k€8k▼
Current assets29/58€220k€216k▼
Amounts receivable within one year40/41€205k€205k=
Trade receivables40€205k€205k▼
Other amounts receivable41-€458
Cash at bank and in hand54/58€15k€9k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.06M▼
Equity10/15€148k€153k▲
Contributions10/11€19k€19k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€107k€112k▲
Amounts payable17/49€960k€910k▼
Amounts payable after more than one year17€729k€641k▼
Financial debts170/4€690k€602k▼
Trade debts175€39k€39k=
Amounts payable within one year42/48€231k€269k▲
Current portion of amounts payable after more than one year42€97k€88k▼
Financial debts43€24k€43k▲
Credit institutions430/8€24k€43k▲
Trade debts44€42k€25k▼
Suppliers440/4€42k€25k▼
Taxes, remuneration and social security45€12k€12k▼
Taxes450/3€12k€4k▼
Remuneration and social security454/9-€8k
Other amounts payable47/48€56k€100k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€25k€130▼
Remuneration, social security and pensions62€362k€376k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€-600▲
Other operating charges640/8€13k€18k▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€573k€566k▼
Operating profit (loss)9901€132k€125k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€35k€33k▼
Recurring financial charges65€35k€33k▼
Profit (loss) for the period before taxes9903€97k€92k▼
Income taxes67/77€30k€30k▼
Profit (loss) for the period9904€67k€63k▼
Profit (loss) for the period to be appropriated9905€67k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€164k€170k▲
Profit (loss) brought forward from the previous period14P€97k€107k▲
Profit to be distributed694/7€56k€58k▲
Return on contributions (dividend)694€50k€50k=
Employees696€6k€8k▲
Social balance
Average headcount (FTE)90877.38.5▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €23k | - | €25k | €130 | ▼ 99.5% |
| Remuneration, social security and pensions62 | €307k | €316k | €342k | €362k | €376k | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115k | €74k | €49k | €48k | €48k | ▼ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-48k | €-49k | €-22k | €-7k | €-600 | ▲ 91.5% |
| Other operating charges640/8 | €13k | €40k | €37k | €13k | €18k | ▲ 38.1% |
| Non-recurring operating charges66A | €2k | €28k | - | €25k | - | - |
| Gross operating margin9900 | €548k | €509k | €531k | €573k | €566k | ▼ 1.3% |
| Operating profit (loss)9901 | €160k | €99k | €125k | €132k | €125k | ▼ 4.7% |
| Financial income75/76B | €4k | €12k | - | - | €1 | - |
| Recurring financial income75 | €0 | €4 | - | - | €1 | - |
| Non-recurring financial income76B | €4k | €12k | - | - | - | - |
| Financial charges65/66B | €99k | €30k | €33k | €35k | €33k | ▼ 4.8% |
| Recurring financial charges65 | €45k | €30k | €33k | €35k | €33k | ▼ 4.8% |
| Non-recurring financial charges66B | €54k | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €65k | €80k | €92k | €97k | €92k | ▼ 4.7% |
| Income taxes67/77 | €6k | €24k | €27k | €30k | €30k | ▼ 1.6% |
| Profit (loss) for the period9904 | €59k | €56k | €65k | €67k | €63k | ▼ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €59k | €56k | €65k | €67k | €63k | ▼ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.39M | €1.21M | €1.19M | €1.11M | €1.06M | ▼ 4.0% |
| Fixed assets21/28 | €998k | €936k | €936k | €888k | €847k | ▼ 4.6% |
| Intangible fixed assets21 | €24k | €0 | - | - | €4k | - |
| Tangible fixed assets22/27 | €974k | €936k | €936k | €888k | €843k | ▼ 5.1% |
| Land and buildings22 | €928k | €893k | €908k | €870k | €832k | ▼ 4.4% |
| Plant, machinery and equipment23 | €1k | €9k | €7k | €4k | €2k | ▼ 53.7% |
| Furniture and vehicles24 | €45k | €33k | €21k | €13k | €8k | ▼ 35.7% |
| Current assets29/58 | €395k | €272k | €250k | €220k | €216k | ▼ 1.6% |
| Amounts receivable within one year40/41 | €158k | €93k | €198k | €205k | €205k | = |
| Trade receivables40 | €146k | €92k | €193k | €205k | €205k | ▼ 0.2% |
| Other amounts receivable41 | €12k | €863 | €4k | - | €458 | - |
| Cash at bank and in hand54/58 | €17k | €13k | €9k | €15k | €9k | ▼ 37.5% |
| Deferred charges and accrued income490/1 | €220k | €166k | €44k | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.39M | €1.21M | €1.19M | €1.11M | €1.06M | ▼ 4.0% |
| Equity10/15 | €126k | €127k | €137k | €148k | €153k | ▲ 3.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €22k | €22k | €22k | €22k | €22k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €20k | - | - | - | - |
| Distributable reserves133 | €20k | - | €22k | €22k | €22k | = |
| Profit (loss) carried forward14 | €86k | €87k | €97k | €107k | €112k | ▲ 4.6% |
| Amounts payable17/49 | €1.27M | €1.08M | €1.05M | €960k | €910k | ▼ 5.1% |
| Amounts payable after more than one year17 | €1,000k | €871k | €821k | €729k | €641k | ▼ 12.0% |
| Financial debts170/4 | €1,000k | €871k | €787k | €690k | €602k | ▼ 12.7% |
| Trade debts175 | - | - | €35k | €39k | €39k | = |
| Amounts payable within one year42/48 | €267k | €209k | €228k | €231k | €269k | ▲ 16.2% |
| Current portion of amounts payable after more than one year42 | €129k | €129k | €124k | €97k | €88k | ▼ 9.6% |
| Financial debts43 | €3k | €0 | €18k | €24k | €43k | ▲ 83.2% |
| Credit institutions430/8 | €3k | €0 | €18k | €24k | €43k | ▲ 83.2% |
| Trade debts44 | €7k | €23k | €24k | €42k | €25k | ▼ 39.9% |
| Suppliers440/4 | €7k | €23k | €24k | €42k | €25k | ▼ 39.9% |
| Taxes, remuneration and social security45 | €11k | €3k | €7k | €12k | €12k | ▼ 2.0% |
| Taxes450/3 | €11k | €3k | - | €12k | €4k | ▼ 69.6% |
| Remuneration and social security454/9 | €0 | - | €7k | - | €8k | - |
| Other amounts payable47/48 | €117k | €55k | €55k | €56k | €100k | ▲ 78.9% |
| Accrued charges and deferred income492/3 | €1k | €0 | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €56k | €65k | €67k | €63k | ▼ 6.1% |
| + Depreciation and write-downs630 | €115k | €74k | €49k | €48k | €48k | ▼ 1.6% |
| Operating cash flow (approximation) | €174k | €130k | €114k | €115k | €110k | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | €-12k | €-50k | €0 | €-7k | - |
| Change in cash | - | €-4k | €-4k | €6k | €-6k | ▼ 194% |
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
18-09
State Gazette act
Incorporation · Founder
Legal form clause · Name clause
18-09
State Gazette act
Incorporation · Founding capital
Subscribers · Registered office clause
09-09
State Gazette act
General meeting · Declaration
Director discharge · Liquidation closure
28-07
State Gazette act
General meeting · Director reappointment
Mandate compensation · Director appointment
22-07
State Gazette act
Merger · Corporate purpose
Accounting effect · Shareholding
22-07
State Gazette act
Merger · Accounting effect
Power of attorney
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
19-03
State Gazette act
General meeting · Director appointment
Mandate compensation · Power of attorney
2025
30-09
Financial
Equity above €150kEq €153k ▲3.3%
8 profitable years in a row build equity to €153k.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Show earlier events
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €72k ▲8%
Net result €72k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 130 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Oostende · 1 establishment unit since 2011
Ground area
2,192 m²
Building footprint
1,144 m²
Volume, LiDAR
20,709 m³
Parcel 35386D0216/00D000, Flanders · tallest building 25.2 m, ±8 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Calcule
since 20112.213.751.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0216/00D000 | Flanders | 2,192 m² | 1 · 1,144 m² | 25.1 m · 8 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 · 5 entries · 10,500 EUR awarded · 10,905 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,628 EUR | 2,628 EUR |
| 2024 | 1 | 973 EUR | 973 EUR |
| 2023 | 2 | 4,368 EUR | 4,773 EUR |
| 2022 | 1 | 2,531 EUR | 2,531 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,512 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
Founded04-01-2011
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Website
www.calcule.beOostende
E-mail
info@calcule.beOostende
Phone
059270540Oostende
Fax
059512515Oostende
Scores and ratios are computed by Checked and are not a credit decision.