CALECO
ActiveSummary
CALECO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €91,897. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency29▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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%
Return on assets
72.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 12%
← 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 23-03-2026, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
38 d early
2024
79 d early
2023
6 d early
2022
53 d early
2021
64 d early
2020
71 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,000=
2024 · €5,000
Total assets
€126,348▼ 32.3%
2024 · €186,701
Net result
€91,897▼ 29.9%
2024 · €131,144
Working capital
-€2,071
2024 · €4,201
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
Line20212022202320242025
Operating result€174,263▲ 69.2%€82,660▼ 52.6%€81,709▼ 1.2%€172,367▲ 111%€117,594▼ 31.8%
Net result€135,569above the sector's middle half▲ 69.5%€65,651above the sector's middle half▼ 51.6%€63,988above the sector's middle half▼ 2.5%€131,144above the sector's middle half▲ 105%€91,897above the sector's middle half▼ 29.9%
Equity€220,540within the sector's middle half▲ 160%€5,000below the sector's middle half▼ 97.7%€5,000below the sector's middle half=€5,000below the sector's middle half=€5,000below the sector's middle half=
Total assets€228,574within the sector's middle half▲ 165%€315,391within the sector's middle half▲ 38.0%€137,241within the sector's middle half▼ 56.5%€186,701within the sector's middle half▲ 36.0%€126,348within the sector's middle half▼ 32.3%
Debt€8,034▲ 613%€310,391▲ 3,763%€132,241▼ 57.4%€181,701▲ 37.4%€121,348▼ 33.2%
Working capital€215,399above the sector's middle half▲ 153%€1,175within the sector's middle half▼ 99.5%€2,740within the sector's middle half▲ 133%€4,201within the sector's middle half▲ 53.3%-€2,071below the sector's middle half
Solvency96.5%above the sector's middle half▼ 2.2pp1.6%below the sector's middle half▼ 94.9pp3.6%below the sector's middle half▲ 2.1pp2.7%below the sector's middle half▼ 1.0pp4.0%below the sector's middle half▲ 1.3pp
Current ratio28.67above the sector's middle half▼ 69.531.00below the sector's middle half▼ 27.671.02below the sector's middle half▲ 0.021.02below the sector's middle half=0.98below the sector's middle half▼ 0.04
Return on assets (ROA)59.3%above the sector's middle half▼ 33.6pp20.8%within the sector's middle half▼ 38.5pp46.6%above the sector's middle half▲ 25.8pp70.2%above the sector's middle half▲ 23.6pp72.7%above the sector's middle half▲ 2.5pp
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
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,348
Fixed assets
€7,071 ▲ 784%
Current assets
€119,277 ▼ 35.8%
Equity and liabilities €126,348
Equity
€5,000 =
Debt
€121,348 ▼ 33.2%
Debt's share of the balance-sheet total falls from 97.3% to 96.0%. Debt is lower.
Key figures and ratios
EBITDA
€118,638▼
2024 · €173,828
Cash flow
€92,940▼
2024 · €132,605
Debt to equity
24.27▼
2024 · 36.34
Interest coverage
204.15▼
2024 · 755.51
Debt ≤ 1 year
€121,348▼
2024 · €181,701
Income taxes
€25,117▼
2024 · €40,993
A ratio outside any meaningful range has been withheld (balance sheet total €126,348, equity €5,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
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 2,151 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €692 | €1,565 | €1,565 | €1,461 | €1,043 | ▼ 28.6% |
| Other operating charges640/8 | - | €139 | €139 | €139 | €62 | ▼ 55.4% |
| Gross operating margin9900 | €175,017 | €84,364 | €83,413 | €173,967 | €118,700 | ▼ 31.8% |
| Operating profit (loss)9901 | €174,263 | €82,660 | €81,709 | €172,367 | €117,594 | ▼ 31.8% |
| Financial income75/76B | - | - | €357 | - | €0 | - |
| Recurring financial income75 | - | - | €357 | - | €0 | - |
| Financial charges65/66B | - | €204 | €282 | €230 | €581 | ▲ 153% |
| Recurring financial charges65 | €119 | €204 | €282 | €230 | €581 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €174,144 | €82,456 | €81,783 | €172,137 | €117,013 | ▼ 32.0% |
| Income taxes67/77 | €38,576 | €16,805 | €17,795 | €40,993 | €25,117 | ▼ 38.7% |
| Profit (loss) for the period9904 | €135,569 | €65,651 | €63,988 | €131,144 | €91,897 | ▼ 29.9% |
| Profit (loss) for the period to be appropriated9905 | €135,569 | €65,651 | €63,988 | €131,144 | €91,897 | ▼ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228,574 | €315,391 | €137,241 | €186,701 | €126,348 | ▼ 32.3% |
| Fixed assets21/28 | €5,391 | €3,825 | €2,260 | €800 | €7,071 | ▲ 784% |
| Tangible fixed assets22/27 | €5,391 | €3,825 | €2,260 | €800 | €7,071 | ▲ 784% |
| Land and buildings22 | - | - | - | - | €5,485 | - |
| Furniture and vehicles24 | - | €3,825 | €2,260 | €800 | €1,586 | ▲ 98.4% |
| Current assets29/58 | €223,183 | €311,565 | €134,981 | €185,901 | €119,277 | ▼ 35.8% |
| Amounts receivable within one year40/41 | €16,552 | €15,128 | €15,125 | €19,663 | €18,150 | ▼ 7.7% |
| Trade receivables40 | - | €15,125 | €15,125 | €18,150 | €18,150 | = |
| Other amounts receivable41 | - | €3 | - | €1,513 | - | - |
| Cash at bank and in hand54/58 | €206,432 | €296,238 | €119,856 | €166,227 | €101,127 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €200 | - | €11 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228,574 | €315,391 | €137,241 | €186,701 | €126,348 | ▼ 32.3% |
| Equity10/15 | €220,540 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €215,540 | - | - | - | - | - |
| Amounts payable17/49 | €8,034 | €310,391 | €132,241 | €181,701 | €121,348 | ▼ 33.2% |
| Amounts payable within one year42/48 | €7,784 | €310,391 | €132,241 | €181,701 | €121,348 | ▼ 33.2% |
| Trade debts44 | €270 | €4,753 | €2,987 | - | €7,105 | - |
| Suppliers440/4 | - | €4,753 | €2,987 | - | €7,105 | - |
| Taxes, remuneration and social security45 | - | €66,456 | €36,183 | €181,242 | €27,558 | ▼ 84.8% |
| Taxes450/3 | - | €66,456 | €36,183 | €69,905 | €27,558 | ▼ 60.6% |
| Remuneration and social security454/9 | - | - | - | €111,336 | - | - |
| Other amounts payable47/48 | - | €239,181 | €93,071 | €459 | €86,685 | ▲ 18,794% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €135,569 | €65,651 | €63,988 | €131,144 | €91,897 | ▼ 29.9% |
| + Depreciation and write-downs630 | €692 | €1,565 | €1,565 | €1,461 | €1,043 | ▼ 28.6% |
| Operating cash flow (approximation) | €136,261 | €67,216 | €65,553 | €132,605 | €92,940 | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,315 | - |
| Change in cash | - | €89,806 | -€176,382 | €46,372 | -€65,100 | ▼ 240% |
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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €63,988 ▼2.5%
Net result drops to €63,988, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2020net €135,569 ▲69.5%
Operating result €174,263, net result €135,569, both a record.
30-09
Financial
Equity above €200,000Eq €220,540 ▲160%
2 profitable years in a row build equity to €220,540.
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tongeren-Borgloon · 1 establishment unit since 2019
Ground area
2,970 m²
Building footprint
202 m²
Parcel 73059A0188/00R000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
CALECO
since 20192.292.203.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0188/00R000 | Flanders | 2,970 m² | 1 · 202 m² | 0.1 m |
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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 15,603 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
Founded19-07-2019
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730879261
Also
9925:BE0730879261
Registered
22-11-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.