CALDAR
ActiveSummary
CALDAR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €54,901 and a net result of €39,625. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 449 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency91▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.7 against 2.98 in 2025; short-term debt: 14% and cash: 44.8% of total assets), and 33.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2026Solvency, return and age of the figures
Solvency
66.1%
Return on assets
47.7%
Age of the figures
6 mo
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €54,901
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
40 d early
2025
39 d early
2024
9 d early
2023
1 d early
2022
3 d late
2021
30 d late
2020
30 d late
← 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 before 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 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 22 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Turnover
€28,396
EBIT margin
60.3%
Net result
€39,625▲ 135%
2025 · €16,851
Working capital
€43,241▲ 50.1%
2025 · €28,805
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20222023202420252026
Turnover€28,396
Operating result€3,871▼ 86.7%-€20,322-€11,882▲ 41.5%€17,127€50,043▲ 192%
Net result€1,937below the sector's middle half▼ 90.1%-€20,681below the sector's middle half-€12,153below the sector's middle half▲ 41.2%€16,851within the sector's middle half€39,625▲ 135%
EBIT margin60.3%
Equity€46,127within the sector's middle half▲ 4.4%€25,446below the sector's middle half▼ 44.8%€13,293below the sector's middle half▼ 47.8%€30,145within the sector's middle half▲ 127%€54,901▲ 82.1%
Total assets€59,029below the sector's middle half▼ 32.9%€38,925below the sector's middle half▼ 34.1%€26,899below the sector's middle half▼ 30.9%€44,672below the sector's middle half▲ 66.1%€83,099▲ 86.0%
Debt€12,902▼ 70.5%€13,479▲ 4.5%€13,606▲ 0.9%€14,528▲ 6.8%€28,198▲ 94.1%
Working capital-€8,016below the sector's middle half▲ 17.8%€21,500within the sector's middle half€10,818within the sector's middle half▼ 49.7%€28,805within the sector's middle half▲ 166%€43,241▲ 50.1%
Solvency78.1%above the sector's middle half▲ 27.9pp65.4%within the sector's middle half▼ 12.8pp49.4%within the sector's middle half▼ 16.0pp67.5%within the sector's middle half▲ 18.1pp66.1%▼ 1.4pp
Current ratio0.38below the sector's middle half▼ 0.392.60within the sector's middle half▲ 2.221.80within the sector's middle half▼ 0.802.98within the sector's middle half▲ 1.194.70▲ 1.72
Return on assets (ROA)3.3%within the sector's middle half▼ 19.0pp-53.1%below the sector's middle half▼ 56.4pp-45.2%below the sector's middle half▲ 7.9pp37.7%above the sector's middle half▲ 82.9pp47.7%▲ 10.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
After the dip in 2023 the operating result has climbed three years in a row; 2026 is 192% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €83,099
Fixed assets
€28,186 ▲ 2,004%
Current assets
€54,912 ▲ 26.7%
Equity and liabilities €83,099
Equity
€54,901 ▲ 82.1%
Debt
€28,198 ▲ 94.1%
Debt's share of the balance-sheet total rises from 32.5% to 33.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56,356▲
2025 · €18,262
Cash flow
€45,938▲
2025 · €17,987
Debt to equity
0.51▲
2025 · 0.48
ROE
72.2%▲
2025 · 55.9%
Interest coverage
63.25▼
2025 · 229.48
Debt ≤ 1 year
€11,672▼
2025 · €14,528
Debt > 1 year
€16,364
Income taxes
€9,647▲
2025 · €257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €28,396 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €12,904 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,070 | €1,506 | €1,471 | €1,135 | €6,314 | ▲ 456% |
| Other operating charges640/8 | €647 | €1,177 | €608 | €148 | €3,352 | ▲ 2,165% |
| Gross operating margin9900 | €5,588 | -€17,639 | -€9,803 | €18,410 | €59,708 | ▲ 224% |
| Operating profit (loss)9901 | €3,871 | -€20,322 | -€11,882 | €17,127 | €50,043 | ▲ 192% |
| Financial income75/76B | - | - | - | €61 | €121 | ▲ 98.4% |
| Recurring financial income75 | - | - | - | €61 | €121 | ▲ 98.4% |
| Financial charges65/66B | €515 | €235 | €173 | €80 | €891 | ▲ 1,020% |
| Recurring financial charges65 | €515 | €235 | €173 | €80 | €891 | ▲ 1,020% |
| Profit (loss) for the period before taxes9903 | €3,356 | -€20,557 | -€12,055 | €17,108 | €49,272 | ▲ 188% |
| Income taxes67/77 | €1,419 | €124 | €98 | €257 | €9,647 | ▲ 3,658% |
| Profit (loss) for the period9904 | €1,937 | -€20,681 | -€12,153 | €16,851 | €39,625 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €1,937 | -€20,681 | -€12,153 | €16,851 | €39,625 | ▲ 135% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,029 | €38,925 | €26,899 | €44,672 | €83,099 | ▲ 86.0% |
| Fixed assets21/28 | €54,143 | €3,946 | €2,475 | €1,340 | €28,186 | ▲ 2,004% |
| Tangible fixed assets22/27 | €54,143 | €3,946 | €2,475 | €1,340 | €28,186 | ▲ 2,004% |
| Plant, machinery and equipment23 | €706 | €1,208 | €436 | - | - | - |
| Furniture and vehicles24 | €53,437 | €2,738 | €2,039 | €1,340 | €641 | ▼ 52.2% |
| Leasing and similar rights25 | - | - | - | - | €27,546 | - |
| Current assets29/58 | €4,885 | €34,979 | €24,424 | €43,332 | €54,912 | ▲ 26.7% |
| Amounts receivable within one year40/41 | €3,125 | €617 | €2,908 | €9,562 | €17,723 | ▲ 85.4% |
| Trade receivables40 | €2,637 | €0 | €2,741 | €9,396 | €12,371 | ▲ 31.7% |
| Other amounts receivable41 | €488 | €617 | €167 | €167 | €5,353 | ▲ 3,114% |
| Cash at bank and in hand54/58 | €1,760 | €33,173 | €21,180 | €33,770 | €37,189 | ▲ 10.1% |
| Deferred charges and accrued income490/1 | - | €1,189 | €337 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,029 | €38,925 | €26,899 | €44,672 | €83,099 | ▲ 86.0% |
| Equity10/15 | €46,127 | €25,446 | €13,293 | €30,145 | €54,901 | ▲ 82.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €18,600 | ▲ 50.0% |
| Reserves13 | €33,727 | €33,727 | €33,727 | €33,727 | €36,301 | ▲ 7.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | €196 | €196 | €196 | €196 | €196 | = |
| Distributable reserves133 | €31,671 | €31,671 | €31,671 | €33,531 | €36,105 | ▲ 7.7% |
| Profit (loss) carried forward14 | - | -€20,681 | -€32,834 | -€15,982 | €0 | ▲ 100% |
| Amounts payable17/49 | €12,902 | €13,479 | €13,606 | €14,528 | €28,198 | ▲ 94.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | €16,364 | - |
| Financial debts170/4 | €0 | - | - | - | €16,364 | - |
| Amounts payable within one year42/48 | €12,902 | €13,479 | €13,606 | €14,528 | €11,672 | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | €1,272 | €0 | - | - | €6,291 | - |
| Trade debts44 | €0 | €1,511 | €4,033 | €204 | €552 | ▲ 171% |
| Suppliers440/4 | €0 | €1,511 | €4,033 | €204 | €552 | ▲ 171% |
| Advances received on contracts in progress46 | - | - | - | €10,723 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0 | €124 | €397 | €3,429 | €3,488 | ▲ 1.7% |
| Taxes450/3 | €0 | €124 | €397 | €3,429 | €3,488 | ▲ 1.7% |
| Other amounts payable47/48 | €11,630 | €11,844 | €9,177 | €172 | €1,341 | ▲ 681% |
| Accrued charges and deferred income492/3 | - | - | - | - | €162 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,937 | -€20,681 | -€12,153 | €16,851 | €39,625 | ▲ 135% |
| + Depreciation and write-downs630 | €1,070 | €1,506 | €1,471 | €1,135 | €6,314 | ▲ 456% |
| Operating cash flow (approximation) | €3,007 | -€19,175 | -€10,682 | €17,987 | €45,938 | ▲ 155% |
| Investment in fixed assets (approximation) | - | €48,692 | €0 | €0 | -€33,160 | - |
| Change in cash | - | €31,413 | -€11,993 | €12,591 | €3,419 | ▼ 72.8% |
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2019net €39,625 ▲135%
Operating result €50,043, net result €39,625, both a record.
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €16,851
Net result €16,851 after 2 loss-making years.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€20,681
Net result drops to -€20,681, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 7current ratio 2.60
Current ratio from 0.38 to 2.60.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Back to profitnet €20,994
Net result €20,994 after one loss-making year.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Mechelen · 1 establishment unit since 2017
Ground area
527 m²
Building footprint
74 m²
Volume, LiDAR
656 m³
Parcel 12409A0318/00H008, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Caldar
since 20172.261.750.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12409A0318/00H008 | Flanders | 527 m² | 1 · 74 m² | 9.4 m · 3 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 38,573 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
Founded21-02-2017
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
86995Nutrition and dietetics services
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671679468
Also
9925:BE0671679468
Registered
06-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.