Callitrix
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 33 filings
Turnover
≈ €300,000
Estimated: probably between €200,000 and €650,000
Total assets
€221,161▲ 2.9%
2024 · €214,873
Net result
€3,451
2024 · -€15,901
Working capital
€143,022▲ 14.3%
2024 · €125,135
In the rankings
#1 oldest company in Merksplas, Telecoms and IT sector#6 company by equity in Merksplas, Telecoms and IT sector#9 company by total assets in Merksplas, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€11,515
2025
20182025
Net result
€3,451
2025
middle half of the sector
20182025
Equity
€191,422
▲ 1.8%
2025
middle half of the sector
20182025
Total assets
€221,161
▲ 2.9%
2025
middle half of the sector
20182025
Debt
€29,739
▲ 10.5%
2025
20182025
Working capital
€143,022
▲ 14.3%
2025
middle half of the sector
20182025
Solvency
86.6%
▼ 0.9pp
2025
highest quarter of the sector
20182025
Current ratio
5.81
▲ 0.16
2025
highest quarter of the sector
20182025
Return on assets (ROA)
1.6%
▲ 9.0pp
2025
middle half of the sector
20182025
Staff (FTE)
1.7
▼ 15.0%
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
Operating result€199,028--€89,322-€6,518▲ 92.7%-€54,160▼ 731%€32,344€44,647▲ 38.0%-€15,242€11,515
Net result€175,768--€90,343-€8,122below the sector's middle half▲ 91.0%-€55,383below the sector's middle half▼ 582%€28,796within the sector's middle half€28,068within the sector's middle half▼ 2.5%-€15,901below the sector's middle half€3,451within the sector's middle half
Equity€308,852-€218,509▼ 29.3%€210,388within the sector's middle half▼ 3.7%€155,005within the sector's middle half▼ 26.3%€183,801within the sector's middle half▲ 18.6%€211,869within the sector's middle half▲ 15.3%€187,970above the sector's middle half▼ 11.3%€191,422within the sector's middle half▲ 1.8%
Total assets€432,817-€306,372▼ 29.2%€259,161within the sector's middle half▼ 15.4%€199,201below the sector's middle half▼ 23.1%€478,279within the sector's middle half▲ 140%€266,354within the sector's middle half▼ 44.3%€214,873within the sector's middle half▼ 19.3%€221,161within the sector's middle half▲ 2.9%
Debt€123,965-€87,863▼ 29.1%€48,773▼ 44.5%€44,196▼ 9.4%€294,478▲ 566%€54,485▼ 81.5%€26,903▼ 50.6%€29,739▲ 10.5%
Working capital€157,903-€82,683▼ 47.6%€98,739within the sector's middle half▲ 19.4%€68,792within the sector's middle half▼ 30.3%€294,886within the sector's middle half▲ 329%€128,628within the sector's middle half▼ 56.4%€125,135above the sector's middle half▼ 2.7%€143,022within the sector's middle half▲ 14.3%
Solvency71.4%-71.3%=81.2%above the sector's middle half▲ 9.9pp77.8%above the sector's middle half▼ 3.4pp38.4%within the sector's middle half▼ 39.4pp79.5%above the sector's middle half▲ 41.1pp87.5%above the sector's middle half▲ 7.9pp86.6%above the sector's middle half▼ 0.9pp
Current ratio2.49-2.13▼ 0.363.27within the sector's middle half▲ 1.142.64within the sector's middle half▼ 0.633.47above the sector's middle half▲ 0.833.36within the sector's middle half▼ 0.115.65above the sector's middle half▲ 2.295.81above the sector's middle half▲ 0.16
Return on assets (ROA)40.6%--29.5%▼ 70.1pp-3.1%below the sector's middle half▲ 26.4pp-27.8%below the sector's middle half▼ 24.7pp6.0%within the sector's middle half▲ 33.8pp10.5%within the sector's middle half▲ 4.5pp-7.4%below the sector's middle half▼ 17.9pp1.6%within the sector's middle half▲ 9.0pp
Staff (FTE)1-2▲ 100%3within the sector's middle half▲ 50.0%4within the sector's middle half▲ 33.3%3.5within the sector's middle half▼ 12.5%2.3within the sector's middle half▼ 34.3%2▼ 13.0%1.7within the sector's middle half▼ 15.0%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 profit of €11,515, after a loss of €15,242 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,161
Fixed assets
€48,399 ▼ 23.0%
Current assets
€172,761 ▲ 13.6%
Equity and liabilities €221,161
Equity
€191,422 ▲ 1.8%
Debt
€29,739 ▲ 10.5%
Debt's share of the balance-sheet total rises from 12.5% to 13.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,906▲
2024 · €6,509
Cash flow
€25,843▲
2024 · €5,851
Debt to equity
0.16▲
2024 · 0.14
ROE
1.8%▲
2024 · -8.5%
Interest coverage
48.01▲
2024 · 5.21
Debt ≤ 1 year
€29,739▲
2024 · €26,903
Income taxes
€7,455▲
2024 · €602
Staff costs
€97,887▼
2024 · €100,120
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 | 4 | 4 | 3 | 3 | 2 |
| full-time | 4 | 3 | 1 | 1 | 1 |
| part-time | 0 | 1 | 2 | 2 | 1 |
| in full-time equivalents | 4 | 3.6 | 2.3 | 1.9 | 1.6 |
| Average over the year, in full-time equivalents | 4 | 3.5 | 2.3 | 2 | 1.7 |
| On a permanent contract | 4 | 4 | 3 | 3 | 2 |
| Joined | 1 | 1 | 0 | - | 0 |
| Left | 0 | 1 | 1 | - | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,305 | €36,895 | €1,346 | €7,956 |
| Intangible fixed assets | - | - | €2,859 | - | - |
| Depreciation and write-downs of the year | €28,491 | €27,782 | €20,429 | €21,751 | €22,391 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | -€10,800 | €0 |
| 2022 | 1 | €10,800 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €103,067 | €125,571 | €99,096 | €100,120 | €97,887 | ▼ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,894 | €32,469 | €29,284 | €28,491 | €27,782 | €20,429 | €21,751 | €22,391 | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €3,380 | €1,773 | €1,285 | €4,556 | €1,662 | ▼ 63.5% |
| Gross operating margin9900 | €270,466 | €41,711 | €114,665 | €80,779 | €187,469 | €165,458 | €111,185 | €133,455 | ▲ 20.0% |
| Operating profit (loss)9901 | €199,028 | -€89,322 | -€6,518 | -€54,160 | €32,344 | €44,647 | -€15,242 | €11,515 | - |
| Financial income75/76B | - | - | - | €10 | €10 | €43 | €1,193 | €98 | ▼ 91.8% |
| Recurring financial income75 | €1,975 | €105 | €0 | €10 | €10 | €43 | €1,193 | €98 | ▼ 91.8% |
| Financial charges65/66B | - | - | - | €1,232 | €165 | €1,286 | €1,250 | €706 | ▼ 43.5% |
| Recurring financial charges65 | €3,196 | €1,826 | €1,604 | €1,232 | €165 | €1,286 | €1,250 | €706 | ▼ 43.5% |
| Profit (loss) for the period before taxes9903 | €197,807 | -€91,043 | -€8,122 | -€55,383 | €32,188 | €43,404 | -€15,299 | €10,907 | - |
| Income taxes67/77 | €22,039 | -€700 | - | - | €3,392 | €15,336 | €602 | €7,455 | ▲ 12× |
| Profit (loss) for the period9904 | €175,768 | -€90,343 | -€8,122 | -€55,383 | €28,796 | €28,068 | -€15,901 | €3,451 | - |
| Profit (loss) for the period to be appropriated9905 | €175,768 | -€28,343 | -€8,122 | -€55,383 | €28,796 | €28,068 | -€15,901 | €3,451 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €432,817 | €306,372 | €259,161 | €199,201 | €478,279 | €266,354 | €214,873 | €221,161 | ▲ 2.9% |
| Fixed assets21/28 | €168,846 | €150,368 | €116,884 | €88,392 | €63,915 | €83,241 | €62,835 | €48,399 | ▼ 23.0% |
| Intangible fixed assets21 | €104,679 | €93,048 | €81,417 | €69,786 | €58,155 | €49,314 | €37,397 | €25,480 | ▼ 31.9% |
| Tangible fixed assets22/27 | €59,967 | €53,120 | €35,466 | €18,606 | €5,760 | €33,927 | €25,439 | €22,920 | ▼ 9.9% |
| Land and buildings22 | - | - | - | - | - | €3,154 | €2,988 | €2,823 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €557 | €0 | €19,178 | €14,956 | €10,734 | ▼ 28.2% |
| Furniture and vehicles24 | - | - | - | €0 | €3,281 | €11,596 | €7,495 | €1,808 | ▼ 75.9% |
| Leasing and similar rights25 | - | - | - | €18,049 | €2,479 | €0 | - | €7,554 | - |
| Financial fixed assets28 | €4,200 | €4,200 | - | - | - | - | - | - | - |
| Current assets29/58 | €263,971 | €156,004 | €142,277 | €110,809 | €414,364 | €183,114 | €152,038 | €172,761 | ▲ 13.6% |
| Amounts receivable within one year40/41 | €21,169 | €74,674 | €70,488 | €54,241 | €75,368 | €77,455 | €51,934 | €105,026 | ▲ 102% |
| Trade receivables40 | - | - | - | €36,469 | €44,557 | €35,417 | €14,139 | €66,207 | ▲ 368% |
| Other amounts receivable41 | - | - | - | €17,772 | €30,812 | €42,038 | €37,795 | €38,819 | ▲ 2.7% |
| Cash at bank and in hand54/58 | €242,802 | €81,330 | €71,789 | €56,567 | €338,995 | €105,659 | €100,104 | €67,735 | ▼ 32.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €432,817 | €306,372 | €259,161 | €199,201 | €478,279 | €266,354 | €214,873 | €221,161 | ▲ 2.9% |
| Equity10/15 | €308,852 | €218,509 | €210,388 | €155,005 | €183,801 | €211,869 | €187,970 | €191,422 | ▲ 1.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €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 | €247,352 | €157,009 | €148,888 | €93,505 | €122,301 | €150,369 | €128,451 | €129,922 | ▲ 1.1% |
| 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 | = |
| Distributable reserves133 | - | - | - | €87,355 | €116,151 | €144,219 | €122,301 | €123,772 | ▲ 1.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€1,980 | €0 | - |
| Amounts payable17/49 | €123,965 | €87,863 | €48,773 | €44,196 | €294,478 | €54,485 | €26,903 | €29,739 | ▲ 10.5% |
| Amounts payable after more than one year17 | €17,897 | €14,541 | €5,235 | €2,179 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €2,179 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €106,068 | €73,322 | €43,539 | €42,017 | €119,478 | €54,485 | €26,903 | €29,739 | ▲ 10.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,055 | €2,179 | €0 | - | - | - |
| Trade debts44 | €71,813 | €35,897 | €20,094 | €20,221 | €86,313 | €13,081 | €3,949 | €2,898 | ▼ 26.6% |
| Suppliers440/4 | - | - | - | €20,221 | €86,313 | €13,081 | €3,949 | €2,898 | ▼ 26.6% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €11,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €18,741 | €30,985 | €41,405 | €11,954 | €26,841 | ▲ 125% |
| Taxes450/3 | - | - | - | €2,908 | €6,059 | €23,062 | €1,665 | €15,277 | ▲ 818% |
| Remuneration and social security454/9 | - | - | - | €15,833 | €24,925 | €18,343 | €10,289 | €11,563 | ▲ 12.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €175,000 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €175,768 | -€90,343 | -€8,122 | -€55,383 | €28,796 | €28,068 | -€15,901 | €3,451 | - |
| + Depreciation and write-downs630 | €30,894 | €32,469 | €29,284 | €28,491 | €27,782 | €20,429 | €21,751 | €22,391 | ▲ 2.9% |
| Operating cash flow (approximation) | €206,661 | -€57,874 | €21,163 | -€26,891 | €56,578 | €48,497 | €5,851 | €25,843 | ▲ 342% |
| Investment in fixed assets (approximation) | - | -€13,991 | €4,200 | €0 | -€3,305 | -€39,754 | -€1,346 | -€7,956 | ▼ 491% |
| Change in cash | - | -€161,472 | -€9,541 | -€15,222 | €282,428 | -€233,336 | -€5,555 | -€32,368 | ▼ 483% |
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, 17,041 companies had the same profile as Callitrix has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Callitrix itself: < 0.1% within 12 months.
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 17,041 companies, not a prediction for Callitrix. 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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00300155 | |
| 31-12-2024 | micro format | 11-09-2025 | 2025-00489345 | |
| 31-12-2023 | abbreviated format | 27-11-2024 | 2024-00605013 | |
| 31-12-2022 | abbreviated format | 06-09-2023 | 2023-00435084 | |
| 31-12-2021 | abbreviated format | 17-10-2022 | 2022-20462454 | |
| 31-12-2020 | abbreviated format | 16-11-2021 | 2021-77800311 | |
| 31-12-2019 | abbreviated format | 12-11-2020 | 2020-70200164 | |
| 31-12-2018 | abbreviated format | 19-12-2019 | 2019-76800231 | |
| 31-12-2017 | micro format | 18-06-2018 | 2018-19600496 | |
| 31-12-2016 | micro format | 20-06-2017 | 2017-19100346 |