callensvyncke
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 16 filings
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
In the rankings
#8 company by staff growth in Belgium, Energy sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€10.6m
▲ 34.2%
2025
20182025
Operating result
-€788,707
2025
20182025
Net result
-€1.1m
2025
lowest quarter of the sector
20182025
EBIT margin
-7.4%
▼ 29.4pp
2025
20182025
Equity
€67,650
▼ 97.0%
2025
lowest quarter of the sector
20182025
Total assets
€29.6m
▼ 20.6%
2025
middle half of the sector
20182025
Debt
€27.8m
▼ 19.9%
2025
20182025
Working capital
€1.8m
▼ 30.0%
2025
middle half of the sector
20182025
Solvency
0.2%
▼ 5.8pp
2025
lowest quarter of the sector
20182025
Current ratio
1.07
▼ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
-3.7%
▼ 8.6pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
15.5
▼ 1.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€3.6m-€10.7m▲ 201%€7.5m▼ 29.7%€18.7m▲ 148%€23.1m▲ 23.6%€7.5m▼ 67.4%€7.9m▲ 5.3%€10.6m▲ 34.2%
Operating result€0.4m-€0.8m▲ 79.1%€0.2m▼ 72.5%€1.8m▲ 732%€3.0m▲ 70.7%€0.9m▼ 68.5%€1.7m▲ 84.8%-€0.8m
Net result€0.3m-€0.6m▲ 129%€0.1mwithin the sector's middle half▼ 81.5%€1.6mabove the sector's middle half▲ 14×€2.7mabove the sector's middle half▲ 72.4%€0.8mwithin the sector's middle half▼ 69.0%€1.8mabove the sector's middle half▲ 119%-€1.1mbelow the sector's middle half
EBIT margin12.1%-7.2%▼ 4.9pp2.8%▼ 4.4pp9.4%▲ 6.6pp13.0%▲ 3.6pp12.6%▼ 0.5pp22.0%▲ 9.5pp-7.4%▼ 29.4pp
Equity€0.4m-€0.6m▲ 52.7%€0.7mwithin the sector's middle half▲ 19.5%€1.1mwithin the sector's middle half▲ 53.7%€1.8mwithin the sector's middle half▲ 66.5%€1.9mwithin the sector's middle half▲ 5.2%€2.3mwithin the sector's middle half▲ 18.2%€0.07mbelow the sector's middle half▼ 97.0%
Total assets€7.5m-€10.7m▲ 41.7%€31.7mwithin the sector's middle half▲ 196%€25.1mwithin the sector's middle half▼ 20.6%€14.6mwithin the sector's middle half▼ 42.0%€22.1mwithin the sector's middle half▲ 51.6%€37.3mabove the sector's middle half▲ 68.6%€29.6mwithin the sector's middle half▼ 20.6%
Debt€6.6m-€9.7m▲ 46.3%€30.6m▲ 216%€23.1m▼ 24.4%€12.0m▼ 48.2%€19.7m▲ 64.5%€34.6m▲ 75.8%€27.8m▼ 19.9%
Working capital€0.9m-€1.1m▲ 17.8%€1.6mabove the sector's middle half▲ 51.0%€2.0mabove the sector's middle half▲ 19.6%€2.6mabove the sector's middle half▲ 30.2%€2.4mabove the sector's middle half▼ 8.2%€2.6mabove the sector's middle half▲ 9.4%€1.8mwithin the sector's middle half▼ 30.0%
Solvency5.1%-5.5%▲ 0.4pp2.2%below the sector's middle half▼ 3.3pp4.3%below the sector's middle half▲ 2.1pp12.4%within the sector's middle half▲ 8.1pp8.6%below the sector's middle half▼ 3.8pp6.0%below the sector's middle half▼ 2.6pp0.2%below the sector's middle half▼ 5.8pp
Current ratio1.14-1.11▼ 0.031.05within the sector's middle half▼ 0.061.09within the sector's middle half▲ 0.031.21within the sector's middle half▲ 0.131.12within the sector's middle half▼ 0.091.07within the sector's middle half▼ 0.051.07within the sector's middle half▼ 0.01
Return on assets (ROA)3.6%-5.8%▲ 2.2pp0.4%within the sector's middle half▼ 5.5pp6.3%above the sector's middle half▲ 5.9pp18.7%above the sector's middle half▲ 12.4pp3.8%within the sector's middle half▼ 14.9pp5.0%within the sector's middle half▲ 1.1pp-3.7%below the sector's middle half▼ 8.6pp
Staff (FTE)11.4-12.6▲ 10.5%10.7within the sector's middle half▼ 15.1%11.2within the sector's middle half▲ 4.7%10.9within the sector's middle half▼ 2.7%12.1within the sector's middle half▲ 11.0%15.7within the sector's middle half▲ 29.8%15.5within the sector's middle half▼ 1.3%
above
within
below
The sector band is the middle half of the companies in Electricity, gas, steam and air conditioning supply (NACE 35). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €788,707, after a profit of €1.7m in 2024. It is the lowest result since 2021.
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
Quick ratio
0.14▼
2024 · 0.46
Interest coverage
-34.61▼
2024 · over 100
Debt ≤ 1 year
€27.8m▼
2024 · €34.6m
Income taxes
€390,612▲
2024 · €281,979
Customer credit
22 days▼
2024 · 116 days
Supplier credit
21 days▼
2024 · 41 days
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.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 12 | 15 | 16 | 11 |
| full-time | 10 | 11 | 14 | 15 | 11 |
| part-time | 1 | 1 | 1 | 1 | - |
| in full-time equivalents | 10.9 | 11.9 | 14.9 | 15.9 | 11 |
| Average over the year, in full-time equivalents | 11.1 | 10.9 | 12.1 | 15.7 | 15.5 |
| On a permanent contract | 11 | 12 | 15 | 16 | 11 |
| Joined | 0 | 3 | 4 | 3 | 2 |
| Left | 1 | 2 | 1 | 2 | 7 |
| Training hours | 288 | 365 | 336 | 403 | 496 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €14,039 | €8,781 | €7,240 |
| Intangible fixed assets | €38,384 | €2,079 | €5,193 | €0 | - |
| Depreciation and write-downs of the year | €382 | €8,455 | €9,957 | €13,046 | €14,548 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is Ernst et Young Reviseurs d'Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €6,703 | €7,766 | €8,485 | €8,589 | €9,093 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €10,133 awarded · €10,246 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,139 | €1,299 |
| 2024 | 1 | €1,731 | €1,571 |
| 2023 | 1 | €1,480 | €2,310 |
| 2022 | 1 | €5,783 | €5,066 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €15.3m | €13.2m | €12.1m | €22.6m | €15.4m | ▼ 31.9% |
| Turnover70 | €3.6m | €10.7m | €7.5m | €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 | - | - | - | €0.02m | €0 | €0 | - | - | - |
| Other operating income74 | - | - | - | €0.1m | €0.08m | €0.04m | €0.08m | €0.6m | ▲ 628% |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.02m | - |
| 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 | - | - | - | €0.9m | €0.9m | €1.1m | €1.5m | €1.5m | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €279 | €382 | €382 | €382 | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.3m | -€0.3m | - | - | -€0.008m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.6m | -€0.1m | -€0.3m | -€0.1m | €1.4m | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.004m | €0.002m | €0.01m | €0.01m | ▲ 18.1% |
| Operating profit (loss)9901 | €0.4m | €0.8m | €0.2m | €1.8m | €3.0m | €0.9m | €1.7m | -€0.8m | - |
| Financial income75/76B | - | - | - | €0.004m | €266 | €0.1m | €0.4m | €0.1m | ▼ 69.5% |
| Recurring financial income75 | €0.002m | €28 | €234 | €0.004m | €266 | €0.1m | €0.4m | €0.1m | ▼ 69.5% |
| Income from current assets751 | - | - | - | €0.004m | - | €0.1m | €0.4m | €0.1m | ▼ 70.5% |
| Other financial income752/9 | - | - | - | - | €266 | €395 | €0.004m | €0.006m | ▲ 49.9% |
| Financial charges65/66B | - | - | - | €0.05m | €0.03m | €0.05m | €0.06m | €0.04m | ▼ 34.3% |
| Recurring financial charges65 | €0.02m | €0.05m | €0.05m | €0.05m | €0.03m | €0.05m | €0.06m | €0.04m | ▼ 34.3% |
| Debt charges650 | €0.002m | €0.003m | €0.003m | €0.002m | €0.002m | €0.003m | €0.01m | €0.02m | ▲ 62.8% |
| Other financial charges652/9 | - | - | - | €0.04m | €0.03m | €0.05m | €0.04m | €0.02m | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.7m | €0.2m | €1.7m | €3.0m | €1.0m | €2.1m | -€0.7m | - |
| Income taxes67/77 | €0.1m | €0.1m | €0.05m | €0.1m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 38.5% |
| Taxes670/3 | - | - | - | €0.1m | €0.3m | €0.2m | €0.3m | €0.4m | ▲ 38.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.001m | - | - | - | - |
| Profit (loss) for the period9904 | €0.3m | €0.6m | €0.1m | €1.6m | €2.7m | €0.8m | €1.8m | -€1.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.6m | €0.1m | €1.6m | €2.7m | €0.8m | €1.8m | -€1.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.5m | €10.7m | €31.7m | €25.1m | €14.6m | €22.1m | €37.3m | €29.6m | ▼ 20.6% |
| Fixed assets21/28 | €0.004m | €0.003m | €0.003m | €0.04m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 18.5% |
| Intangible fixed assets21 | - | - | - | €0.04m | €0.03m | €0.03m | €0.02m | €0.01m | ▼ 45.5% |
| Tangible fixed assets22/27 | €0.004m | €0.003m | €0.003m | €0.002m | €0.002m | €0.01m | €0.02m | €0.02m | ▲ 9.5% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 30.5% |
| Furniture and vehicles24 | - | - | - | - | - | €0.006m | €0.008m | €0.008m | ▼ 2.6% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.007m | €0.01m | €0.01m | ▲ 25.1% |
| Current assets29/58 | €7.5m | €10.7m | €31.7m | €25.1m | €14.5m | €22.1m | €37.2m | €29.6m | ▼ 20.6% |
| Stocks and contracts in progress3 | - | €0.4m | €4.6m | €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 | €3.5m | €3.0m | €2.3m | €0.7m | €2.3m | €1.4m | €3.4m | €0.8m | ▼ 76.5% |
| Trade receivables40 | - | - | - | €0.4m | €2.2m | €1.2m | €2.5m | €0.7m | ▼ 74.1% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.1m | €0.2m | €0.9m | €0.1m | ▼ 83.1% |
| Current investments50/53 | €0.4m | €1.1m | €0.5m | €0.5m | - | €0.009m | €0.02m | €0.02m | ▲ 20.7% |
| Other investments51/53 | - | - | - | €0.5m | - | €0.009m | €0.02m | €0.02m | ▲ 20.7% |
| Cash at bank and in hand54/58 | €3.6m | €6.3m | €8.6m | €7.5m | €7.6m | €13.8m | €12.2m | €3.2m | ▼ 74.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.002m | €0.09m | €0.2m | €0.009m | ▼ 94.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.5m | €10.7m | €31.7m | €25.1m | €14.6m | €22.1m | €37.3m | €29.6m | ▼ 20.6% |
| Equity10/15 | €0.4m | €0.6m | €0.7m | €1.1m | €1.8m | €1.9m | €2.3m | €0.07m | ▼ 97.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.3m | €0.5m | €0.6m | €1.0m | €1.7m | €1.8m | €2.2m | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €0.5m | €0.4m | €0.4m | €0.9m | €0.8m | €0.5m | €0.4m | €1.8m | ▲ 387% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.9m | €0.8m | €0.5m | €0.4m | €1.8m | ▲ 387% |
| Other liabilities and charges164/5 | - | - | - | €0.9m | €0.8m | €0.5m | €0.4m | €1.8m | ▲ 387% |
| Amounts payable17/49 | €6.6m | €9.7m | €30.6m | €23.1m | €12.0m | €19.7m | €34.6m | €27.8m | ▼ 19.9% |
| Amounts payable within one year42/48 | €6.6m | €9.6m | €30.0m | €23.1m | €12.0m | €19.7m | €34.6m | €27.8m | ▼ 19.9% |
| Trade debts44 | €1.8m | €2.8m | €2.8m | €0.4m | €0.6m | €1.5m | €2.0m | €0.7m | ▼ 67.5% |
| Suppliers440/4 | - | - | - | €0.4m | €0.6m | €1.5m | €2.0m | €0.7m | ▼ 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 | - | - | - | €0.09m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 134% |
| Taxes450/3 | - | - | - | €358 | €0.06m | €0.08m | €0.1m | €0.4m | ▲ 319% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.2% |
| Other amounts payable47/48 | - | - | - | €1.2m | €2.0m | €0.8m | €1.5m | €1.1m | ▼ 26.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.004m | €0.004m | €0.005m | €0.005m | ▼ 13.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.6m | €0.1m | €1.6m | €2.7m | €0.8m | €1.8m | -€1.1m | - |
| + Depreciation and write-downs630 | €279 | €382 | €382 | €382 | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 11.5% |
| Operating cash flow (approximation) | €0.3m | €0.6m | €0.1m | €1.6m | €2.7m | €0.9m | €1.9m | -€1.1m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0.04m | -€0.002m | -€0.02m | -€0.009m | -€0.007m | ▲ 17.5% |
| Change in cash | - | €2.6m | €2.3m | -€1.0m | €0.1m | €6.1m | -€1.6m | -€9.1m | ▼ 480% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 912 companies had the same profile as callensvyncke has now. Two years later, 95.3% were still going and 2.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
95.3%
was still going
2.1%
stopped otherwise
2.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of callensvyncke itself is lower: 0.2% within 12 months. It rests on far more data about callensvyncke than the profile alone.
Test of the method
The method was tested on the 497,446 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 912 companies, not a prediction for callensvyncke. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00237729 | |
| 31-12-2024 | full format | 02-07-2025 | 2025-00224389 | |
| 31-12-2023 | full format | 03-07-2024 | 2024-00203831 | |
| 31-12-2022 | full format | 29-06-2023 | 2023-00175312 | |
| 31-12-2021 | full format | 11-07-2022 | 2022-20175907 | |
| 31-12-2020 | full format | 12-07-2021 | 2021-35400331 | |
| 31-12-2019 | full format | 01-07-2020 | 2020-25500333 | |
| 31-12-2018 | full format | 25-07-2019 | 2019-39900202 | |
| 31-12-2017 | full format | 19-07-2018 | 2018-35800088 | |
| 31-12-2016 | full format | 18-07-2017 | 2017-33400342 |