Checked.be
Active
BE 0472.389.604Private limited company
CALLIOPE
Nijverheidsweg 9 ·3945 Tessenderlo-Ham, Belgium· 26 yrs active
Sector: Post-production of films, video and television programmes
(59120)
Conclusion
CALLIOPE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23k and a net result of €-6k. Equity is shrinking by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €23k |
| Net result | €-6k |
| Better than sector | 82% |
| Active | 26 yrs |
Financial profile
58
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
60
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
60
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
86
2021
52
2022
52
2023
60
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.10 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.65 (≥ 1.0)
+5
Leverage
Debt/equity 0.25 (< 1.0)
+10
Profitability
Negatieve ROE -26%
-10
Interest coverage
Interest coverage -3.6× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~29.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 79.8% | 49.0% | |
| Net result | €-6k | €5k | |
| Equity | €23k | €41k | |
| Gross operating margin | €-1k | €23k | |
| Total assets | €29k | €100k |
€-3k
+70.2%
21-24
€-6k
+51.6%
21-24
€-4k
+64.2%
21-24
€29k
-24.7%
21-24
€23k
-20.5%
21-24
€17k
-33.8%
21-24
€213
+2.9%
21-24
€14k
-51.5%
21-24
€6k
-37.7%
21-24
€4k
-45.1%
21-24
5.10
+15.9%
21-24
4.65
+14.5%
21-24
79.8%
+5.6%
21-24
0.25
-21.7%
21-24
-25.8%
+39.1%
21-24
-20.6%
+35.7%
21-24
-3.56
+60.7%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-3k | €-9k | €-3k | €10k |
| Net profit | €-6k | €-12k | €-6k | €4k |
| Cash flow | €-4k | €-10k | €-4k | €6k |
| Staff costs | - | - | - | - |
| Income taxes | €213 | €207 | €205 | €2k |
| Dividends | - | €14k | - | €30k |
| Total assets | €29k | €39k | €67k | €73k |
| Equity | €23k | €29k | €56k | €62k |
| Debt | €6k | €9k | €11k | €11k |
| of which ≤ 1y | €4k | €8k | €9k | €9k |
| of which > 1y | - | - | - | - |
| Working capital | €17k | €26k | €51k | €56k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 5.10 | 4.40 | 6.89 | 7.12 |
| Quick ratio | 4.65 | 4.06 | 6.66 | 6.90 |
| Working capital ratio | 59.2% | 67.3% | 77.2% | 77.1% |
| Solvency | 79.8% | 75.6% | 84.0% | 84.9% |
| Debt / equity | 0.25 | 0.32 | 0.19 | 0.18 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -3.56 | -9.04 | -2.71 | 8.67 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -20.6% | -32.1% | -8.7% | 5.4% |
| ROE | -25.8% | -42.4% | -10.4% | 6.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €29k | €39k | €67k | €73k |
| Fixed assets | 21/28 | €8k | €5k | €6k | €8k |
| Tangible fixed assets | 22/27 | €8k | €5k | €6k | €8k |
| Current assets | 29/58 | €21k | €34k | €60k | €65k |
| Stocks & contracts in progress | 3 | €2k | €3k | €2k | €2k |
| Amounts receivable within one year | 40/41 | €11k | €19k | €24k | €20k |
| Cash & bank | 54/58 | €8k | €11k | €33k | €43k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €29k | €39k | €67k | €73k |
| Equity | 10/15 | €23k | €29k | €56k | €62k |
| Contributions / capital | 10/11 | €7k | €7k | €7k | €7k |
| Reserves | 13 | €17k | €22k | €49k | €55k |
| Accumulated profits (losses) | 14 | €-191 | - | - | - |
| Amounts payable | 17/49 | €6k | €9k | €11k | €11k |
| Amounts payable within one year | 42/48 | €4k | €8k | €9k | €9k |
| Trade debts payable within one year | 44 | €499 | €878 | €1k | €677 |
| Income statement | |||||
| Gross operating margin | 9900 | €-1k | €-7k | €-1k | €11k |
| Operating result | 9901 | €-5k | €-11k | €-5k | €7k |
| Financial income | 75 | €1 | €1 | - | €322 |
| Financial charges | 65 | €750 | €989 | €970 | €1k |
| Result before taxes | 9903 | €-6k | €-12k | €-6k | €6k |
| Income taxes | 67/77 | €213 | €207 | €205 | €2k |
| Net result for the period | 9904 | €-6k | €-12k | €-6k | €4k |
| Result to be appropriated | 9905 | €-6k | €-12k | €-6k | €4k |
Directors & mandates
Current directors & mandates
-
VERHEYEN TineDirectorState Gazette act 23458364 (14-12-2023)Current14-12-2023 → present
2 events
- 14-12-2023 Resigned· Director
- 14-12-2023 Appointed· Director
Legal Structure
| NACE primary | Post-production of films, video and television programmes(59120) |
| Legal form | Private limited company(610) |
| Incorporation | 03-08-2000 |
| Status | Active |
| Postal code | 3945 |
Establishment units
TiTaTine
since 20002.116.069.549
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71046A0936/02C002 | Flanders | 754 m² | 1 · 255 m² | 6.3 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
14-12
State Gazette act
Director changes
v3.2
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
14-12-2023 1 director appointed, 1 resigning
- VERHEYEN Tine, Bestuurder
- VERHEYEN Tine, Bestuurder
Summary:
v3.2
Technical details
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"events": [
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"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
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"address": null,
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},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "VERHEYEN Tine",
"address": null,
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}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0472.389.604",
"name_full": "CALLIOPE"
}
}Credit advice
Company registry (CBE)
Activities
Post-production of films, video and television programmes5912092114Other retail sale of food47279Retail trade47299Retail sale of other household articles47559Retail trade47599Other retail sale of new goods47789Design of textile patterns, clothing, jewellery, furniture and decorative items74111Arts creation and performing arts activities90031Literary creation90111Beauty treatment96022Beauty care and other beauty treatments96220
Names & trade names
| Legal nameNL | CALLIOPE |
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