CALCUTTA IMMO

Active

Public limited companyfounded 198739 yrs activeWaterlelielaan 1, 9032 Gent, BelgiumKBO/BCE: BE 0430.301.106

The file of CALCUTTA IMMO contains 2 judicial reorganisations, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 1.2% (low). The 2025 annual accounts show equity of €924k and a net result of €-216k. Equity is shrinking by ~18.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 11% of 154 sector peers (fiscal year 2025).

Watch Print / PDF

Checked score

Score 2025

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability13▲+8

Solvency44▼-3

Growth78=

Track record60

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days only on tighter terms

Liquidity ample (current ratio 3.5 against 1.95 in 2024; short-term debt: 1.4% and cash: 1.5% of total assets), but 81.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Judicial reorganisation on record

A judicial reorganisation is on record, and one often precedes a bankruptcy.

Belgian State Gazette

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 13

Relative position

BE, all sectors

reference

Sector 13

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

18.6%

Return on assets

-4.4%

Age of the figures

9 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

182122232425

2018 to 2025 · latest year €-216k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 154 sector peers (2025).

NBB · sector comparison

Position among 154 sector peers

Solvency

better than 11%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filings

Deviation from the deadline

2025

6 d late

2024

32 d late

2023

1 d early

2022

127 d late

2021

on the day

2020

32 d early

2019

56 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-216k▲ 63.2%

2024 · €-588k

2018: €-1.14M 2021: €-218k 2022: €-904k 2023: €-1.14M 2024: €-588k

2018 → 2025

Working capital

€167k▼ 26.8%

2024 · €228k

2018: €-4.28M 2021: €-1.53M 2022: €-2.26M 2023: €-3.47M 2024: €228k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€2.67M-€2.86M▲ 7.2%€1.73M▼ 39.6%€1.14M▼ 34.0%€924k▼ 19.0%

Operating result€-108k-€-756k▼ 597%€-1.19M▼ 57.3%€-239k▲ 79.9%€-90k▲ 62.2%

Net result€-218k-€-904k▼ 315%€-1.14M▼ 25.6%€-588k▲ 48.2%€-216k▲ 63.2%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €90k in 2025 against €239k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.96M

95.3%

Fixed assets €4.72M ▼ 0.4%

Current assets €234k ▼ 50.0%

Equity and liabilities €4.96M

18.6%

81.4%

Equity €924k ▼ 19.0%

Debt €4.03M ▼ 1.0%

The debt ratio rises from 78.1% to 81.4%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-69k▲

2024 · €-212k

Cash flow

€-195k▲

2024 · €-561k

Current ratio

3.50▲

2024 · 1.95

Debt / equity

4.36▲

2024 · 3.57

ROE

-23.4%▲

2024 · -51.5%

ROA

-4.4%▲

2024 · -11.3%

Interest coverage

-0.49▲

2024 · -0.61

Debt ≤ 1 year

€67k▼

2024 · €239k

Debt > 1 year

€3.75M=

2024 · €3.75M

Income taxes

€-13k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines

Balance sheet Code20242025

Assets

Total assets20/58€5.21M€4.96M▼

Fixed assets21/28€4.75M€4.72M▼

Intangible fixed assets21€70k€64k▼

Tangible fixed assets22/27€4.68M€4.66M▼

Land and buildings22€4.66M€4.65M▼

Plant, machinery and equipment23€0-

Furniture and vehicles24€15k€15k=

Current assets29/58€468k€234k▼

Amounts receivable within one year40/41€166k€158k▼

Trade receivables40€116k€95k▼

Other amounts receivable41€50k€62k▲

Cash at bank and in hand54/58€299k€76k▼

Deferred charges and accrued income490/1€3k€154▼

Equity and liabilities

Total equity and liabilities10/49€5.21M€4.96M▼

Equity10/15€1.14M€924k▼

Contributions10/11€4.00M€4.00M=

Capital10€4.00M€4.00M=

Issued capital100€4.00M€4.00M=

Reserves13€35k€35k=

Tax-exempt reserves132€35k€35k=

Profit (loss) carried forward14€-2.89M€-3.11M▼

Amounts payable17/49€4.07M€4.03M▼

Amounts payable after more than one year17€3.75M€3.75M=

Financial debts170/4€3.75M€3.75M=

Amounts payable within one year42/48€239k€67k▼

Current portion of amounts payable after more than one year42€0-

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€213k€44k▼

Suppliers440/4€213k€44k▼

Taxes, remuneration and social security45€26k€23k▼

Taxes450/3€26k€23k▼

Accrued charges and deferred income492/3€83k€217k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€21k▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€-10k€0▲

Other operating charges640/8€119k€6k▼

Non-recurring operating charges66A€91k€0▼

Gross operating margin9900€-13k€-63k▼

Operating profit (loss)9901€-239k€-90k▲

Financial income75/76B€0€2k▲

Recurring financial income75€0€2k▲

Financial charges65/66B€348k€141k▼

Recurring financial charges65€348k€141k▼

Profit (loss) for the period before taxes9903€-588k€-229k▲

Income taxes67/77-€-13k

Profit (loss) for the period9904€-588k€-216k▲

Profit (loss) for the period to be appropriated9905€-588k€-216k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2.89M€-3.11M▼

Profit (loss) brought forward from the previous period14P€-2.30M€-2.89M▼

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Signals 2Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 6 days late

2025

01-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 32 days late

2024

31-12

Financial Liquidity times 79current ratio 1.95

Current ratio from 0.02 to 1.95; short-term debt falls from €3.56M to €239k.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

05-12

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 127 days late

2022

31-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Equity above €2MEq €2.67M

Equity rises from €-3.92M to €2.67M.

29-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

25-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 56 days late

2019

24-09

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 55 days late

27-03

Judicial reorganisation Plan homologation

Ondernemingsrechtbank Gent · 20180024 · event 12-03-2019

2018

25-09

Judicial reorganisation Opening

Rechtbank van koophandel Gent · collectif · event 18-09-2018

06-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 37 days late

2017

22-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 53 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

18 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, Gent · 1 establishment unit since 1987

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waterlelielaan 19032 Gent

Ground area

2.4 ha

Building footprint

1.4 ha

2 parcels, Flanders. Linked by address, not a title deed.

1 establishment unit

CALCUTTA

Schoolstraat 20, 9940 EvergemNACE 3663013

since 19872.033.749.609

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44066D0161/00H002	Flanders	1.8 ha	1 · 1.4 ha	-
44074C0050/00H000 ProtectedMonumentHoeve Dossche: boerenwoningSource ↗	Flanders	5,728 m²	1 · 268 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar companies · same sector, comparable size

VAN LAEKE VLASBEWERKING

BE 0467.141.112

Sint-Laureins · Eq €915k

Of 210 companies in sector 13100 we hold annual accounts for 139. 99 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded30-01-1987

Fiscal year end31-12

Activities, NACEBEL 2025

13100Manufacture of textiles

Sources

Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.