Equity
Callens-Clincke paid out €200,000 in dividends. That is 213% of the 2025 profit.
Callens-Clincke paid out €200,000 in dividends. That is 213% of the 2025 profit.
The abbreviated format states no turnover.
Of this, €173,812 falls due within a year.
In 2025, 119 short contracts started and 123 ended, on average 107 hours worked per contract. Staff averaged 5.6 full-time equivalents.
Short-term debts rose from €164,669 to €173,812.
The last five annual accounts were filed 0 to 45 days before the end of the period.
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 44% of them on solvency, 48% on liquidity, 90% on profitability and 11% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as Callens-Clincke has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Callens-Clincke itself: 1.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Callens-Clincke. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.72 (1.61 in 2024), below 1. Short-term debt is 43% and cash 15.2% of total assets. 71.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 23 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Callens-Clincke Wingene | €404,473 | €426,373 | 28.7% | 5.6 |
| Keurslager Derycker Ostend | €399,122 | €379,885 | 26.0% | 6.4 |
| SLAGERIJ ROOM Ypres | €481,234 | €451,910 | 53.8% | 4.4 |
| CHRIPLAN Aalter | €366,037 | €384,994 | 66.6% | 5 |
| Slagerij De Tram Malle | €496,338 | €324,213 | 54.4% | 5.9 |
| Boucherie DE POOTER La Louvière | €575,250 | €455,175 | 7.2% | 6.3 |
| Boucherie VERHAEGHE La Hulpe | €376,623 | €520,871 | 5.4% | 5.1 |
These companies have the same main activity as Callens-Clincke: retail sale of meat and meat products, excluding game and poultry (NACE 47221). They are comparable in size and age: total assets between €366,000 and €575,000, founded between 2017 and 2021.
Callens-Clincke files the abbreviated format. That format states no turnover. The gross margin rose from €220,588 in 2021 to €426,373 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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