Calodar
ActiveSummary
Calodar has been active since 1954 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2024 annual accounts show equity of €6.9m and a net result of -€1.2m. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 44% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-33
Solvency62▲+4
Growth41▲+12
Track record84
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.1 in 2023; short-term debt: 63.4% and cash: 0% of total assets), and 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.5%
Return on assets
-6.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
86 d late
2021
233 d late
2020
405 d late
2019
196 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 164 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€19.0m▼ 11.4%
2023 · €21.4m
EBIT margin
-4.3%▼ 6.3pp
2023 · 2.0%
Net result
-€1.2m
2023 · €15,685
Working capital
€448,653▼ 64.3%
2023 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€23.8m▼ 6.3%€24.8m▲ 4.2%€22.7m▼ 8.6%€21.4m▼ 5.5%€19.0m▼ 11.4%
Operating result€472,705▼ 16.7%€392,634▼ 16.9%€29,726▼ 92.4%€435,481▲ 1,365%-€811,894
Net result€216,540within the sector's middle half€96,237within the sector's middle half▼ 55.6%-€215,817below the sector's middle half€15,685-€1.2mbelow the sector's middle half
EBIT margin2.0%▼ 0.2pp1.6%▼ 0.4pp0.1%▼ 1.5pp2.0%▲ 1.9pp-4.3%▼ 6.3pp
Equity€6.0mabove the sector's middle half▲ 0.4%€6.1mabove the sector's middle half▲ 1.6%€5.9mabove the sector's middle half▼ 3.5%€5.9m▲ 0.3%€6.9mabove the sector's middle half▲ 16.8%
Total assets€17.4mabove the sector's middle half▲ 7.9%€17.8mabove the sector's middle half▲ 2.2%€18.7mabove the sector's middle half▲ 4.9%€18.0m▼ 3.5%€19.0mabove the sector's middle half▲ 5.2%
Debt€11.4m▲ 12.3%€11.7m▲ 2.5%€12.8m▲ 9.3%€12.1m▼ 5.2%€12.0m▼ 0.5%
Working capital€1.8m▲ 28.3%€2.0m▲ 8.8%€1.0m▼ 48.9%€1.3m▲ 24.6%€448,653▼ 64.3%
Solvency34.6%within the sector's middle half▼ 2.6pp34.4%within the sector's middle half▼ 0.2pp31.7%within the sector's middle half▼ 2.8pp32.9%▲ 1.2pp36.5%within the sector's middle half▲ 3.6pp
Staff (FTE)21.5within the sector's middle half▼ 1.8%21.3within the sector's middle half▼ 0.9%19.9within the sector's middle half▼ 6.6%18.5▼ 7.0%18within the sector's middle half▼ 2.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €811,894 after €435,481 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.0m
Fixed assets
€6.5m ▲ 37.3%
Current assets
€12.5m ▼ 6.3%
Equity and liabilities €19.0m
Equity
€6.9m ▲ 16.8%
Debt
€12.0m ▼ 0.5%
Debt's share of the balance-sheet total falls from 67.1% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€291,716▼
2023 · €1.1m
Cash flow
-€727,411▼
2023 · €709,203
Current ratio
1.04▼
2023 · 1.10
Quick ratio
0.55▼
2023 · 0.60
Debt to equity
1.74▼
2023 · 2.04
ROE
-18.0%▼
2023 · 0.3%
ROA
-6.6%▼
2023 · 0.1%
Interest coverage
-0.75▼
2023 · 3.42
Debt ≤ 1 year
€12.0m▼
2023 · €12.0m
Debt > 1 year
€10,566▼
2023 · €48,583
Income taxes
€32,582▼
2023 · €36,069
Staff costs
€1.7m▼
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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 8,594 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €24.0m | €25.0m | €22.8m | €21.6m | €19.2m | ▼ 11.1% |
| Turnover70 | €23.8m | €24.8m | €22.7m | €21.4m | €19.0m | ▼ 11.4% |
| Other operating income74 | €187,556 | €179,571 | €168,764 | €172,556 | €209,547 | ▲ 21.4% |
| Non-recurring operating income76A | €1,163 | €4,669 | €500 | - | - | - |
| Operating charges60/66A | €23.5m | €24.6m | €22.8m | €21.2m | €20.0m | ▼ 5.5% |
| Goods for resale, raw materials and consumables60 | €16.4m | €16.6m | €15.3m | €13.5m | €12.5m | ▼ 7.7% |
| Purchases600/8 | €15.7m | €17.8m | €15.1m | - | €12.2m | - |
| Change in stocks: decrease (increase)609 | €716,183 | -€1.2m | €235,403 | €602,728 | €315,631 | ▼ 47.6% |
| Services and other goods61 | €5.0m | €5.0m | €4.8m | €5.1m | €5.1m | ▼ 0.8% |
| Remuneration, social security and pensions62 | €1.6m | €1.7m | €1.7m | €1.8m | €1.7m | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €503,433 | €530,350 | €632,168 | €693,518 | €520,177 | ▼ 25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€73,510 | €604,163 | €221,984 | -€126,129 | - | - |
| Other operating charges640/8 | €138,856 | €112,195 | €119,871 | €155,096 | €174,090 | ▲ 12.2% |
| Non-recurring operating charges66A | - | €8,000 | €0 | - | - | - |
| Operating profit (loss)9901 | €472,705 | €392,634 | €29,726 | €435,481 | -€811,894 | ▼ 286% |
| Financial income75/76B | €203,447 | €206,838 | €180,792 | - | €225,335 | - |
| Recurring financial income75 | €203,447 | €206,838 | €180,792 | €193,270 | €148,629 | ▼ 23.1% |
| Income from current assets751 | €143,367 | €100,866 | €111,355 | €97,880 | €122,031 | ▲ 24.7% |
| Other financial income752/9 | €60,080 | €105,972 | €69,438 | €95,390 | €26,599 | ▼ 72.1% |
| Non-recurring financial income76B | - | - | - | - | €76,706 | - |
| Financial charges65/66B | €391,869 | €409,001 | €401,324 | €576,997 | €628,448 | ▲ 8.9% |
| Recurring financial charges65 | €391,869 | €409,001 | €401,324 | €576,997 | €628,448 | ▲ 8.9% |
| Debt charges650 | €126,223 | €122,649 | €152,508 | €330,318 | €388,868 | ▲ 17.7% |
| Other financial charges652/9 | €265,646 | €286,352 | €248,816 | €246,679 | €239,581 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €284,283 | €190,472 | -€190,805 | €51,754 | -€1.2m | ▼ 2,448% |
| Income taxes67/77 | €67,743 | €94,235 | €25,012 | €36,069 | €32,582 | ▼ 9.7% |
| Taxes670/3 | €67,743 | €94,235 | €25,012 | €36,069 | €32,582 | ▼ 9.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | €0 | - | - | - |
| Profit (loss) for the period9904 | €216,540 | €96,237 | -€215,817 | €15,685 | -€1.2m | ▼ 8,054% |
| Profit (loss) for the period to be appropriated9905 | €216,540 | €96,237 | -€215,817 | €15,685 | -€1.2m | ▼ 8,054% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.4m | €17.8m | €18.7m | €18.0m | €19.0m | ▲ 5.2% |
| Fixed assets21/28 | €4.4m | €4.3m | €5.0m | €4.7m | €6.5m | ▲ 37.3% |
| Tangible fixed assets22/27 | €4.1m | €4.0m | €4.7m | €4.4m | €6.1m | ▲ 40.3% |
| Land and buildings22 | €2.3m | €2.2m | €2.1m | €2.1m | €4.2m | ▲ 106% |
| Plant, machinery and equipment23 | €62,554 | €38,606 | €20,918 | €4,318 | €1,456 | ▼ 66.3% |
| Furniture and vehicles24 | €359,416 | €430,467 | €1.4m | €1.3m | €1.1m | ▼ 17.6% |
| Leasing and similar rights25 | €1.4m | €1.3m | €1.2m | €974,051 | €791,706 | ▼ 18.7% |
| Financial fixed assets28 | €345,030 | €345,030 | €345,030 | €345,030 | €345,030 | = |
| Affiliated companies280/1 | €344,406 | €344,406 | €344,406 | €344,406 | €344,406 | = |
| Participating interests280 | €344,406 | €344,406 | €344,406 | €344,406 | €344,406 | = |
| Other financial fixed assets284/8 | €624 | €624 | €624 | €624 | €624 | = |
| Amounts receivable and cash guarantees285/8 | €624 | €624 | €624 | €624 | €624 | = |
| Current assets29/58 | €13.0m | €13.5m | €13.6m | €13.3m | €12.5m | ▼ 6.3% |
| Amounts receivable after more than one year29 | €277,373 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Trade receivables290 | €277,373 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Stocks and contracts in progress3 | €5.6m | €6.7m | €6.5m | €6.1m | €5.8m | ▼ 5.1% |
| Stocks30/36 | €5.6m | €6.7m | €6.5m | €6.1m | €5.8m | ▼ 5.1% |
| Raw materials and consumables30/31 | - | - | - | €6.1m | €5.8m | ▼ 5.1% |
| Goods purchased for resale34 | €5.6m | €6.7m | €6.5m | - | - | - |
| Amounts receivable within one year40/41 | €6.5m | €6.4m | €6.8m | €6.6m | €6.0m | ▼ 8.6% |
| Trade receivables40 | €4.1m | €3.8m | €4.1m | €3.7m | €3.0m | ▼ 18.6% |
| Other amounts receivable41 | €2.4m | €2.6m | €2.7m | €2.8m | €3.0m | ▲ 4.4% |
| Cash at bank and in hand54/58 | €506,296 | €120,381 | €21,731 | €36,832 | €4,919 | ▼ 86.6% |
| Deferred charges and accrued income490/1 | €183,445 | €6,130 | €49,141 | €371,219 | €453,593 | ▲ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.4m | €17.8m | €18.7m | €18.0m | €19.0m | ▲ 5.2% |
| Equity10/15 | €6.0m | €6.1m | €5.9m | €5.9m | €6.9m | ▲ 16.8% |
| Contributions10/11 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Capital10 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Issued capital100 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Revaluation surpluses12 | €214,113 | €214,113 | €214,113 | €214,113 | €2.5m | ▲ 1,048% |
| Reserves13 | €320,943 | €417,179 | €417,179 | €417,179 | €417,179 | = |
| Non-distributable reserves130/1 | €320,943 | €417,179 | €417,179 | €417,179 | €417,179 | = |
| Legal reserve130 | €320,943 | €417,179 | €417,179 | €417,179 | €417,179 | = |
| Profit (loss) carried forward14 | - | - | -€215,817 | -€200,132 | -€1.4m | ▼ 623% |
| Amounts payable17/49 | €11.4m | €11.7m | €12.8m | €12.1m | €12.0m | ▼ 0.5% |
| Amounts payable after more than one year17 | €190,743 | €187,875 | €139,863 | €48,583 | €10,566 | ▼ 78.3% |
| Financial debts170/4 | €190,743 | €187,875 | €139,863 | €48,583 | €10,566 | ▼ 78.3% |
| Leasing and similar obligations172 | €153,322 | €184,559 | €53,211 | €26,914 | - | - |
| Credit institutions173 | €37,421 | €3,317 | €86,652 | €21,669 | €10,566 | ▼ 51.2% |
| Amounts payable within one year42/48 | €11.2m | €11.5m | €12.6m | €12.0m | €12.0m | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €116,208 | €107,678 | €90,622 | €92,644 | €38,016 | ▼ 59.0% |
| Financial debts43 | €6.8m | €6.6m | €6.7m | €6.5m | €6.5m | = |
| Credit institutions430/8 | €6.8m | €6.6m | €6.7m | €6.5m | €6.5m | = |
| Trade debts44 | €3.7m | €3.9m | €5.1m | €4.5m | €4.5m | ▲ 1.1% |
| Suppliers440/4 | €3.7m | €3.9m | €5.1m | €4.5m | €4.5m | ▲ 1.1% |
| Taxes, remuneration and social security45 | €383,774 | €495,367 | €329,903 | €455,738 | €492,249 | ▲ 8.0% |
| Taxes450/3 | €177,589 | €273,354 | €128,489 | €180,911 | €253,606 | ▲ 40.2% |
| Remuneration and social security454/9 | €206,185 | €222,012 | €201,414 | €274,827 | €238,644 | ▼ 13.2% |
| Other amounts payable47/48 | €257,412 | €358,821 | €369,938 | €557,346 | €503,546 | ▼ 9.7% |
| Accrued charges and deferred income492/3 | €4,351 | €470 | €969 | €5,365 | €2,503 | ▼ 53.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €216,540 | €96,237 | -€215,817 | €15,685 | -€1.2m | ▼ 8,054% |
| + Depreciation and write-downs630 | €503,433 | €530,350 | €632,168 | €693,518 | €520,177 | ▼ 25.0% |
| Operating cash flow (approximation) | €719,973 | €626,587 | €416,351 | €709,203 | -€727,411 | ▼ 203% |
| Investment in fixed assets (approximation) | - | -€460,183 | -€1.3m | -€373,950 | -€2.3m | ▼ 511% |
| Change in cash | - | -€385,916 | -€98,649 | €15,101 | -€31,913 | ▼ 311% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
20-09
KBO administration
Address strikeout annulled
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
02-08
KBO administration
Address struck
2023
31-12
Financial
Back to profitnet €15,685
Net result €15,685 after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 86 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 233 days late
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 405 days late
2021
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 196 days late
2020
31-12
Financial
Back to profitnet €216,540
Net result €216,540 after one loss-making year.
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Antwerpen · 2 establishment units since 1955
Ground area
3.9 ha
Building footprint
1.3 ha
Volume, LiDAR
128,419 m³
2 parcels, Flanders · tallest building 22.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Ferdinand Coosemansstraat 66 7, 2600 Antwerpen
since 19552.004.200.142
Staatsbaan 20, 3945 Ham
since 19592.004.200.241
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71033A1305/00N000 | Flanders | 3.8 ha | 1 · 1.2 ha | 22.4 m · 3 fl. |
| 11003B0243/00C011 | Flanders | 1,045 m² | 1 · 1,033 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- Sanifin
- Calodar
Highest known parent: Sanifin. The sources do not say who stands above it.
Owners 1
- SanifinparentSourceaccounts Sanifin 202599%
Holdings 1
-
99.82%
According to the 2024 annual accounts of Calodar 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
2024 · 1 entry · 105 EUR awarded · 105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 105 EUR | 105 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300KJV8JGELHU0Q15
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Identification & contact
Identification
Legal formPublic limited company
Founded13-12-1954
Fiscal year end31-12
Activities, NACEBEL 2025
46836Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404289268
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.