callensvyncke
ActiveSummary
callensvyncke has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,650 and a net result of -€1.1m. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-74
Solvency25▼-6
Growth52▼-27
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.07 in 2024; short-term debt: 93.8% and cash: 10.7% of total assets), and 99.8% of the assets are financed with debt.
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Signals
Six 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 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer 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 2025Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-3.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 270 sector peers (2025).
NBB · sector comparisonPosition among 270 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
28 d early
2022
32 d early
2021
20 d early
2020
19 d early
2019
30 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#7 fastest grower in Belgium, Energy sector
Turnover
€10.6m▲ 34.2%
2024 · €7.9m
EBIT margin
-7.4%▼ 29.4pp
2024 · 22.0%
Net result
-€1.1m
2024 · €1.8m
Working capital
€1.8m▼ 30.0%
2024 · €2.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€18.7m▲ 148%€23.1m▲ 23.6%€7.5m▼ 67.4%€7.9m▲ 5.3%€10.6m▲ 34.2%
Operating result€1.8m▲ 732%€3.0m▲ 70.7%€945,402▼ 68.5%€1.7m▲ 84.8%-€788,707
Net result€1.6m▲ 1,268%€2.7m▲ 72.4%€843,968▼ 69.0%€1.8m▲ 119%-€1.1m
EBIT margin9.4%▲ 6.6pp13.0%▲ 3.6pp12.6%▼ 0.5pp22.0%▲ 9.5pp-7.4%▼ 29.4pp
Equity€1.1m▲ 53.7%€1.8m▲ 66.5%€1.9m▲ 5.2%€2.3m▲ 18.2%€67,650▼ 97.0%
Total assets€25.1m▼ 20.6%€14.6m▼ 42.0%€22.1m▲ 51.6%€37.3m▲ 68.6%€29.6m▼ 20.6%
Debt€23.1m▼ 24.4%€12.0m▼ 48.2%€19.7m▲ 64.5%€34.6m▲ 75.8%€27.8m▼ 19.9%
Working capital€2.0m▲ 19.6%€2.6m▲ 30.2%€2.4m▼ 8.2%€2.6m▲ 9.4%€1.8m▼ 30.0%
Staff (FTE)11.2▲ 4.7%10.9▼ 2.7%12.1▲ 11.0%15.7▲ 29.8%15.5▼ 1.3%
Why a figure moved sharply
- 2025 Equity -97% on 2024. Cause not known from the registers.
- 2024 Net result +119%, Total assets +69% on 2023. Cause not known from the registers.
- 2023 Turnover -67%, Net result -69%, Total assets +52% on 2022. Cause not known from the registers.
- 2022 Net result +72%, Equity +66% on 2021. Cause not known from the registers.
- 2021 Turnover +148%, Net result +1,268%, Equity +54% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €788,707 after €1.7m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.6m
Fixed assets
€32,106 ▼ 18.5%
Current assets
€29.6m ▼ 20.6%
Equity and liabilities €29.6m
Equity
€67,650 ▼ 97.0%
Provisions
€1.8m ▲ 387%
Debt
€27.8m ▼ 19.9%
Debt's share of the balance-sheet total rises from 93.0% to 93.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€774,159▼
2024 · €1.8m
Cash flow
-€1.1m▼
2024 · €1.9m
Current ratio
1.07▼
2024 · 1.07
Quick ratio
0.14▼
2024 · 0.46
ROA
-3.7%▼
2024 · 5.0%
Interest coverage
-34.61▼
2024 · 128.09
Debt ≤ 1 year
€27.8m▼
2024 · €34.6m
Income taxes
€390,612▲
2024 · €281,979
Staff costs
€1.5m▲
2024 · €1.5m
A ratio outside any meaningful range has been withheld (balance sheet total €29.6m, equity €67,650).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% 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 497,058 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% | 1.6% |
| 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 74% 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 912 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €15.3m | €13.2m | €12.1m | €22.6m | €15.4m | ▼ 31.9% |
| Turnover70 | €18.7m | €23.1m | €7.5m | €7.9m | €10.6m | ▲ 34.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€3.5m | -€10.0m | €4.6m | €14.6m | €4.2m | ▼ 71.4% |
| Own construction capitalised72 | €23,644 | €0 | €0 | - | - | - |
| Other operating income74 | €129,124 | €77,836 | €43,831 | €78,450 | €571,039 | ▲ 628% |
| Non-recurring operating income76A | - | - | - | - | €24,125 | - |
| Operating charges60/66A | €13.6m | €10.2m | €11.2m | €20.9m | €16.2m | ▼ 22.4% |
| Goods for resale, raw materials and consumables60 | €10.8m | €8.7m | €9.2m | €17.9m | €11.5m | ▼ 35.7% |
| Purchases600/8 | €10.8m | €8.7m | €9.2m | €17.9m | €11.5m | ▼ 35.7% |
| Services and other goods61 | €1.0m | €1.0m | €1.1m | €1.6m | €1.8m | ▲ 12.3% |
| Remuneration, social security and pensions62 | €875,603 | €947,609 | €1.1m | €1.5m | €1.5m | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €382 | €8,455 | €9,957 | €13,046 | €14,548 | ▲ 11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €316,326 | -€316,326 | - | - | -€8,414 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €560,644 | -€132,463 | -€295,365 | -€130,917 | €1.4m | ▲ 1,172% |
| Other operating charges640/8 | €1,287 | €4,471 | €1,856 | €10,729 | €12,673 | ▲ 18.1% |
| Operating profit (loss)9901 | €1.8m | €3.0m | €945,402 | €1.7m | -€788,707 | ▼ 145% |
| Financial income75/76B | €4,086 | €266 | €131,779 | €438,297 | €133,677 | ▼ 69.5% |
| Recurring financial income75 | €4,086 | €266 | €131,779 | €438,297 | €133,677 | ▼ 69.5% |
| Income from current assets751 | €4,086 | - | €131,384 | €434,614 | €128,157 | ▼ 70.5% |
| Other financial income752/9 | - | €266 | €395 | €3,683 | €5,520 | ▲ 49.9% |
| Financial charges65/66B | €46,373 | €29,045 | €54,069 | €56,917 | €37,391 | ▼ 34.3% |
| Recurring financial charges65 | €46,373 | €29,045 | €54,069 | €56,917 | €37,391 | ▼ 34.3% |
| Debt charges650 | €2,249 | €1,981 | €3,408 | €13,741 | €22,365 | ▲ 62.8% |
| Other financial charges652/9 | €44,124 | €27,064 | €50,662 | €43,176 | €15,025 | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €1.7m | €3.0m | €1.0m | €2.1m | -€692,421 | ▼ 133% |
| Income taxes67/77 | €139,089 | €254,015 | €179,144 | €281,979 | €390,612 | ▲ 38.5% |
| Taxes670/3 | €139,089 | €254,927 | €179,144 | €281,979 | €390,612 | ▲ 38.5% |
| Tax adjustments and reversals of tax provisions77 | - | €912 | - | - | - | - |
| Profit (loss) for the period9904 | €1.6m | €2.7m | €843,968 | €1.8m | -€1.1m | ▼ 159% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €2.7m | €843,968 | €1.8m | -€1.1m | ▼ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25.1m | €14.6m | €22.1m | €37.3m | €29.6m | ▼ 20.6% |
| Fixed assets21/28 | €40,781 | €34,404 | €43,679 | €39,414 | €32,106 | ▼ 18.5% |
| Intangible fixed assets21 | €38,384 | €32,389 | €29,215 | €20,076 | €10,936 | ▼ 45.5% |
| Tangible fixed assets22/27 | €2,396 | €2,015 | €14,464 | €19,338 | €21,170 | ▲ 9.5% |
| Plant, machinery and equipment23 | €2,396 | €2,015 | €1,633 | €1,251 | €869 | ▼ 30.5% |
| Furniture and vehicles24 | - | - | €6,161 | €8,402 | €8,187 | ▼ 2.6% |
| Other tangible fixed assets26 | - | - | €6,669 | €9,685 | €12,114 | ▲ 25.1% |
| Current assets29/58 | €25.1m | €14.5m | €22.1m | €37.2m | €29.6m | ▼ 20.6% |
| Stocks and contracts in progress3 | €16.4m | €4.6m | €6.8m | €21.4m | €25.6m | ▲ 19.5% |
| Stocks30/36 | €4.5m | €2.4m | - | - | - | - |
| Advance payments36 | €4.5m | €2.4m | - | - | - | - |
| Contracts in progress37 | €11.9m | €2.2m | €6.8m | €21.4m | €25.6m | ▲ 19.5% |
| Amounts receivable within one year40/41 | €709,107 | €2.3m | €1.4m | €3.4m | €801,856 | ▼ 76.5% |
| Trade receivables40 | €421,591 | €2.2m | €1.2m | €2.5m | €652,533 | ▼ 74.1% |
| Other amounts receivable41 | €287,516 | €106,349 | €178,924 | €885,129 | €149,323 | ▼ 83.1% |
| Current investments50/53 | €499,700 | - | €8,920 | €18,550 | €22,390 | ▲ 20.7% |
| Other investments51/53 | €499,700 | - | €8,920 | €18,550 | €22,390 | ▲ 20.7% |
| Cash at bank and in hand54/58 | €7.5m | €7.6m | €13.8m | €12.2m | €3.2m | ▼ 74.2% |
| Deferred charges and accrued income490/1 | €4,850 | €2,352 | €88,373 | €161,632 | €8,828 | ▼ 94.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25.1m | €14.6m | €22.1m | €37.3m | €29.6m | ▼ 20.6% |
| Equity10/15 | €1.1m | €1.8m | €1.9m | €2.3m | €67,650 | ▼ 97.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €1.0m | €1.7m | €1.8m | €2.2m | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €921,261 | €788,798 | €493,433 | €362,516 | €1.8m | ▲ 387% |
| Provisions for liabilities and charges160/5 | €921,261 | €788,798 | €493,433 | €362,516 | €1.8m | ▲ 387% |
| Other liabilities and charges164/5 | €921,261 | €788,798 | €493,433 | €362,516 | €1.8m | ▲ 387% |
| Amounts payable17/49 | €23.1m | €12.0m | €19.7m | €34.6m | €27.8m | ▼ 19.9% |
| Amounts payable within one year42/48 | €23.1m | €12.0m | €19.7m | €34.6m | €27.8m | ▼ 19.9% |
| Trade debts44 | €376,802 | €649,645 | €1.5m | €2.0m | €650,975 | ▼ 67.5% |
| Suppliers440/4 | €376,802 | €649,645 | €1.5m | €2.0m | €650,975 | ▼ 67.5% |
| Advances received on contracts in progress46 | €21.5m | €9.2m | €17.2m | €30.9m | €25.5m | ▼ 17.6% |
| Taxes, remuneration and social security45 | €90,732 | €165,189 | €220,609 | €234,411 | €548,281 | ▲ 134% |
| Taxes450/3 | €358 | €56,111 | €79,515 | €101,688 | €426,393 | ▲ 319% |
| Remuneration and social security454/9 | €90,374 | €109,078 | €141,094 | €132,722 | €121,888 | ▼ 8.2% |
| Other amounts payable47/48 | €1.2m | €2.0m | €750,000 | €1.5m | €1.1m | ▼ 26.6% |
| Accrued charges and deferred income492/3 | €5,000 | €3,500 | €3,657 | €5,345 | €4,607 | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €2.7m | €843,968 | €1.8m | -€1.1m | ▼ 159% |
| + Depreciation and write-downs630 | €382 | €8,455 | €9,957 | €13,046 | €14,548 | ▲ 11.5% |
| Operating cash flow (approximation) | €1.6m | €2.7m | €853,925 | €1.9m | -€1.1m | ▼ 157% |
| Investment in fixed assets (approximation) | - | -€2,079 | -€19,232 | -€8,781 | -€7,240 | ▲ 17.5% |
| Change in cash | - | €126,930 | €6.1m | -€1.6m | -€9.1m | ▼ 480% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2mEq €2.3m ▲18.2%
7 profitable years in a row build equity to €2.3m.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €2.7m ▲72.4%
Operating result €3.0m, net result €2.7m, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1mEq €1.1m ▲53.7%
4 profitable years in a row build equity to €1.1m.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500,000Eq €592,305 ▲52.7%
2 profitable years in a row build equity to €592,305.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Waregem · 1 establishment unit since 2010
Ground area
3.1 ha
Building footprint
1.5 ha
Volume, LiDAR
157,591 m³
Parcel 34453F0803/00H000, Flanders · tallest building 35.7 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
callensvyncke
since 20102.184.405.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0803/00H000 | Flanders | 3.1 ha | 1 · 1.5 ha | 35.7 m · 4 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.
Structure & network
Part of the group
CALMAN
4 companies
Group, risk and exposure
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of callensvyncke and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 10,133 EUR awarded · 10,246 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,139 EUR | 1,299 EUR |
| 2024 | 1 | 1,731 EUR | 1,571 EUR |
| 2023 | 1 | 1,480 EUR | 2,310 EUR |
| 2022 | 1 | 5,783 EUR | 5,066 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriescallensvyncke NV37189
Legal Entity Identifier
875500H15GE6ZFFKJL95
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Of 814 companies in sector 35110 we hold annual accounts for 631. 275 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
71121Engineering and related technical consultancy, excluding land surveyors
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821383528
Also
9925:BE0821383528
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.