CALIS PROJECTS
ActiveSummary
CALIS PROJECTS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.6m and a net result of €1.1m. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 67% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency82▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.4 in 2023; short-term debt: 42.6% and cash: 7.8% of total assets), and 42.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57.4%
Return on assets
24.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €2.6m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
57 d early
2022
32 d early
2021
41 d early
2020
53 d early
2019
59 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 49 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 company by equity in Wervik, Construction sector#3 company by total assets in Wervik, Construction sector#3 oldest company in Wervik, Construction sector
Turnover
€12.5m
EBIT margin
11.2%
Net result
€1.1m▼ 17.7%
2023 · €1.4m
Working capital
€2.2m▲ 109%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Turnover€12.5m
Operating result€1.1m▲ 45.5%€1.4m▲ 26.1%€1.5m▲ 4.5%€1.5m▲ 2.5%€1.5m▲ 3.3%
Net result€1.0mabove the sector's middle half▲ 59.8%€1.3mabove the sector's middle half▲ 29.2%€1.3mabove the sector's middle half▲ 0.7%€1.4mabove the sector's middle half▲ 2.8%€1.1mabove the sector's middle half▼ 17.7%
EBIT margin11.2%
Equity€1.9mabove the sector's middle half▲ 12.7%€1.5mabove the sector's middle half▼ 22.0%€1.5mabove the sector's middle half▲ 1.1%€1.5mabove the sector's middle half▲ 0.2%€2.6mabove the sector's middle half▲ 74.8%
Total assets€4.4mabove the sector's middle half▲ 14.7%€3.9mabove the sector's middle half▼ 11.1%€3.7mabove the sector's middle half▼ 5.6%€4.2mabove the sector's middle half▲ 12.1%€4.5mabove the sector's middle half▲ 9.2%
Debt€2.5m▲ 16.3%€2.5m▼ 2.9%€2.2m▼ 9.6%€2.7m▲ 20.1%€1.9m▼ 27.5%
Working capital€1.3mabove the sector's middle half▲ 4.5%€1.1mabove the sector's middle half▼ 12.9%€1.1mabove the sector's middle half▲ 1.2%€1.1mabove the sector's middle half▼ 5.8%€2.2mabove the sector's middle half▲ 109%
Solvency42.7%within the sector's middle half▼ 0.8pp37.4%within the sector's middle half▼ 5.3pp40.1%within the sector's middle half▲ 2.7pp35.8%within the sector's middle half▼ 4.3pp57.4%within the sector's middle half▲ 21.5pp
Current ratio1.54within the sector's middle half▼ 0.111.46within the sector's middle half▼ 0.091.51within the sector's middle half▲ 0.051.40within the sector's middle half▼ 0.112.15within the sector's middle half▲ 0.75
Return on assets (ROA)22.9%above the sector's middle half▲ 6.5pp33.3%above the sector's middle half▲ 10.4pp35.5%above the sector's middle half▲ 2.2pp32.5%above the sector's middle half▼ 3.0pp24.5%above the sector's middle half▼ 8.0pp
Staff (FTE)43.5above the sector's middle half▼ 0.7%42.1above the sector's middle half▼ 3.2%41.4above the sector's middle half▼ 1.7%41.5above the sector's middle half▲ 0.2%39.8above the sector's middle half▼ 4.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.5m
Fixed assets
€373,278 ▼ 11.5%
Current assets
€4.2m ▲ 11.5%
Equity and liabilities €4.5m
Equity
€2.6m ▲ 74.8%
Debt
€1.9m ▼ 27.5%
Debt's share of the balance-sheet total falls from 64.2% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.7m▲
2023 · €1.6m
Cash flow
€1.3m▼
2023 · €1.5m
Quick ratio
1.30▲
2023 · 0.74
Debt to equity
0.74▼
2023 · 1.79
ROE
42.8%▼
2023 · 90.9%
Interest coverage
33.18▲
2023 · 24.86
Debt ≤ 1 year
€1.9m▼
2023 · €2.7m
Income taxes
€397,455▲
2023 · €102,441
Staff costs
€3.1m▲
2023 · €3.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €12.5m | - | - | - | - |
| Non-recurring operating income76A | - | €50,234 | €4,821 | €5,608 | €1,653 | ▼ 70.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €8.5m | - | - | - | - |
| Remuneration, social security and pensions62 | - | €2.9m | €2.9m | €3.1m | €3.1m | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199,468 | €129,471 | €113,004 | €123,521 | €163,294 | ▲ 32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€4,975 | -€40,517 | €37,016 | €25,354 | ▼ 31.5% |
| Other operating charges640/8 | - | €111,294 | €29,995 | €33,424 | €33,107 | ▼ 0.9% |
| Non-recurring operating charges66A | - | €12,685 | €35,882 | €1,059 | €3,307 | ▲ 212% |
| Gross operating margin9900 | €4.0m | €4.5m | €4.5m | €4.7m | €4.9m | ▲ 2.6% |
| Operating profit (loss)9901 | €1.1m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 3.3% |
| Financial income75/76B | - | €16,637 | €12,928 | €27,065 | €20,837 | ▼ 23.0% |
| Recurring financial income75 | €19,133 | €16,637 | €12,928 | €27,065 | €20,837 | ▼ 23.0% |
| Financial charges65/66B | - | €13,704 | €40,507 | €65,030 | €51,382 | ▼ 21.0% |
| Recurring financial charges65 | €16,004 | €13,704 | €40,507 | €65,030 | €51,382 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.4m | €1.4m | €1.5m | €1.5m | ▲ 3.9% |
| Income taxes67/77 | €97,886 | €90,162 | €113,496 | €102,441 | €397,455 | ▲ 288% |
| Profit (loss) for the period9904 | €1.0m | €1.3m | €1.3m | €1.4m | €1.1m | ▼ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.3m | €1.3m | €1.4m | €1.1m | ▼ 17.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.4m | €3.9m | €3.7m | €4.2m | €4.5m | ▲ 9.2% |
| Fixed assets21/28 | €764,172 | €358,640 | €353,236 | €421,716 | €373,278 | ▼ 11.5% |
| Tangible fixed assets22/27 | €764,172 | €349,140 | €343,736 | €421,716 | €373,278 | ▼ 11.5% |
| Land and buildings22 | - | €3,559 | €2,034 | €508 | - | - |
| Plant, machinery and equipment23 | - | €54,423 | €52,652 | €38,027 | €26,473 | ▼ 30.4% |
| Furniture and vehicles24 | - | €274,192 | €275,735 | €370,971 | €338,849 | ▼ 8.7% |
| Other tangible fixed assets26 | - | €16,966 | €13,315 | €12,209 | €7,956 | ▼ 34.8% |
| Financial fixed assets28 | - | €9,500 | €9,500 | - | - | - |
| Current assets29/58 | €3.7m | €3.6m | €3.4m | €3.7m | €4.2m | ▲ 11.5% |
| Stocks and contracts in progress3 | €350,226 | €682,008 | €754,268 | €1.8m | €1.6m | ▼ 7.2% |
| Stocks30/36 | - | €682,008 | €754,268 | €1.8m | €1.6m | ▼ 7.2% |
| Amounts receivable within one year40/41 | €2.0m | €1.8m | €1.9m | €1.6m | €2.1m | ▲ 36.9% |
| Trade receivables40 | - | €1.8m | €1.9m | €1.6m | €2.0m | ▲ 30.1% |
| Other amounts receivable41 | - | €2,700 | €2,465 | €499 | €106,644 | ▲ 21,252% |
| Current investments50/53 | €100,000 | €350,000 | €51,000 | €51,108 | €1,155 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €1.1m | €677,841 | €586,273 | €295,478 | €352,803 | ▲ 19.4% |
| Deferred charges and accrued income490/1 | - | €68,283 | €73,024 | €53,797 | €27,879 | ▼ 48.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.4m | €3.9m | €3.7m | €4.2m | €4.5m | ▲ 9.2% |
| Equity10/15 | €1.9m | €1.5m | €1.5m | €1.5m | €2.6m | ▲ 74.8% |
| Contributions10/11 | - | €34,917 | €34,918 | €34,918 | €34,918 | = |
| Reserves13 | €1.8m | €1.4m | €1.5m | €1.5m | €2.6m | ▲ 76.6% |
| Distributable reserves133 | - | €1.4m | €1.5m | €1.5m | €2.6m | ▲ 76.6% |
| Amounts payable17/49 | €2.5m | €2.5m | €2.2m | €2.7m | €1.9m | ▼ 27.5% |
| Amounts payable after more than one year17 | €164,584 | €8,333 | - | - | - | - |
| Financial debts170/4 | - | €8,333 | - | - | - | - |
| Amounts payable within one year42/48 | €2.4m | €2.4m | €2.2m | €2.7m | €1.9m | ▼ 27.5% |
| Current portion of amounts payable after more than one year42 | - | €100,000 | €8,333 | - | - | - |
| Trade debts44 | €87,546 | €141,936 | €143,016 | €234,801 | €583,660 | ▲ 149% |
| Suppliers440/4 | - | €141,936 | €143,016 | €234,801 | €583,660 | ▲ 149% |
| Advances received on contracts in progress46 | - | €633,646 | €304,124 | €627,142 | €425,330 | ▼ 32.2% |
| Taxes, remuneration and social security45 | - | €273,719 | €443,156 | €427,779 | €252,119 | ▼ 41.1% |
| Taxes450/3 | - | €24,390 | €166,980 | €95,249 | €7,122 | ▼ 92.5% |
| Remuneration and social security454/9 | - | €249,329 | €276,177 | €332,530 | €244,997 | ▼ 26.3% |
| Other amounts payable47/48 | - | €1.3m | €1.3m | €1.4m | €673,564 | ▼ 51.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €1.3m | €1.3m | €1.4m | €1.1m | ▼ 17.7% |
| + Depreciation and write-downs630 | €199,468 | €129,471 | €113,004 | €123,521 | €163,294 | ▲ 32.2% |
| Operating cash flow (approximation) | €1.2m | €1.4m | €1.4m | €1.5m | €1.3m | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €276,061 | -€107,600 | -€192,001 | -€114,856 | ▲ 40.2% |
| Change in cash | - | -€413,625 | -€91,568 | -€290,795 | €57,325 | ▲ 120% |
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
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2mEq €2.6m ▲74.8%
7 profitable years in a row build equity to €2.6m.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.4m ▲2.8%
Net result €1.4m, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Wervik · 1 establishment unit since 1988
Ground area
5,893 m²
Building footprint
3,538 m²
Volume, LiDAR
23,551 m³
Parcel 33009C0925/00X000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Calis Projects
since 19882.035.199.857
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009C0925/00X000 | Flanders | 5,893 m² | 1 · 3,538 m² | 9.2 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 · 16,884 EUR awarded · 16,654 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,205 EUR | 4,109 EUR |
| 2024 | 1 | 1,177 EUR | 2,035 EUR |
| 2023 | 1 | 7,353 EUR | 8,869 EUR |
| 2022 | 1 | 4,149 EUR | 1,641 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryCALIS PROJECTS BV20846
Dual-learning approval
3 endedKoelinstallaties duaal (so)
Technicus koelinstallaties duaal (so)
Koelmonteur (so)
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 1,709 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
Founded15-02-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
46647Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433499532
Also
9925:BE0433499532
Registered
30-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.