CALPOL

Active

Private limited companyfounded 200224 yrs activeKrekebekestraat 3, 8610 Kortemark, BelgiumKBO/BCE: BE 0477.145.176

CALPOL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €427k and a net result of €-3k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

43 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability34▼-1

Solvency41▼-2

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €18k at 30 days only on tighter terms

Liquidity tight (current ratio 1.16 against 1.17 in 2023; short-term debt: 76.1% and cash: 2.8% of total assets), and 83.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

16.2%

Return on assets

-0.1%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9623 sector peers (2024).

NBB · sector comparison

Position among 9623 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

69 d late

2022

119 d late

2021

124 d late

2020

46 d late

2019

61 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€427k▼ 0.8%

2023 · €430k

2018: €352k 2019: €308k 2020: €356k 2021: €422k 2022: €423k 2023: €430k

2018 → 2024

Total assets

€2.63M▲ 9.2%

2023 · €2.41M

2018: €2.74M 2019: €2.71M 2020: €2.95M 2021: €2.38M 2022: €2.52M 2023: €2.41M

2018 → 2024

Net result

€-3k

2023 · €7k

2018: €-3k 2019: €-44k 2020: €49k 2021: €66k 2022: €349 2023: €7k

2018 → 2024

Working capital

€316k▼ 2.1%

2023 · €323k

2018: €205k 2019: €167k 2020: €217k 2021: €298k 2022: €326k 2023: €323k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€356k-€422k▲ 18.5%€423k▲ 0.1%€430k▲ 1.7%€427k▼ 0.8%

Operating result€114k-€39k▼ 66.3%€48k▲ 23.3%€87k▲ 82.8%€79k▼ 8.8%

Net result€49k-€66k▲ 35.5%€349▼ 99.5%€7k▲ 1,937%€-3k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 9% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.63M

12%

88.1%

Fixed assets €313k▲ 50.9%

Current assets €2.32M▲ 5.3%

Equity and liabilities €2.63M

16.2%

83.8%

Equity €427k▼ 0.8%

Debt €2.21M▲ 11.4%

The debt ratio rises from 82.2% to 83.8%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€164k▲

2023 · €159k

Cash flow

€81k▲

2023 · €79k

Solvency

16.2%▼

2023 · 17.8%

Current ratio

1.16▼

2023 · 1.17

Quick ratio

0.24▼

2023 · 0.31

Debt / equity

5.18▲

2023 · 4.61

ROE

-0.8%▼

2023 · 1.7%

ROA

-0.1%▼

2023 · 0.3%

Interest coverage

1.83▼

2023 · 1.94

Debt

€2.21M▲

2023 · €1.98M

Debt ≤ 1 year

€2.01M▲

2023 · €1.88M

Debt > 1 year

€190k▲

2023 · €101k

Income taxes

€4k▼

2023 · €8k

Staff costs

€768k▲

2023 · €709k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.41M€2.63M▲

Fixed assets21/28€207k€313k▲

Tangible fixed assets22/27€207k€313k▲

Land and buildings22€3k€3k▼

Plant, machinery and equipment23€188k€297k▲

Furniture and vehicles24€17k€14k▼

Current assets29/58€2.20M€2.32M▲

Stocks and contracts in progress3€1.62M€1.85M▲

Stocks30/36€1.62M€1.85M▲

Amounts receivable within one year40/41€415k€400k▼

Trade receivables40€71k€50k▼

Other amounts receivable41€344k€351k▲

Cash at bank and in hand54/58€167k€75k▼

Deferred charges and accrued income490/1€462€479▲

Equity and liabilities

Total equity and liabilities10/49€2.41M€2.63M▲

Equity10/15€430k€427k▼

Contributions10/11€367k€367k=

Reserves13€22k€22k=

Distributable reserves133€22k€22k=

Profit (loss) carried forward14€42k€38k▼

Amounts payable17/49€1.98M€2.21M▲

Amounts payable after more than one year17€101k€190k▲

Financial debts170/4€101k€190k▲

Amounts payable within one year42/48€1.88M€2.01M▲

Current portion of amounts payable after more than one year42€58k€74k▲

Financial debts43€978k€975k▼

Credit institutions430/8€978k€975k▼

Trade debts44€682k€812k▲

Suppliers440/4€682k€812k▲

Taxes, remuneration and social security45€163k€144k▼

Taxes450/3€32k€24k▼

Remuneration and social security454/9€131k€120k▼

Accrued charges and deferred income492/3-€13k

Income statement Code20232024

Remuneration, social security and pensions62€709k€768k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€84k▲

Other operating charges640/8€48k€50k▲

Gross operating margin9900€917k€982k▲

Operating profit (loss)9901€87k€79k▼

Financial income75/76B€10k€10k▲

Recurring financial income75€10k€10k▲

Financial charges65/66B€82k€89k▲

Recurring financial charges65€82k€89k▲

Profit (loss) for the period before taxes9903€15k€421▼

Income taxes67/77€8k€4k▼

Profit (loss) for the period9904€7k€-3k▼

Profit (loss) for the period to be appropriated9905€7k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€42k€38k▼

Profit (loss) brought forward from the previous period14P€34k€42k▲

Social balance

Average headcount (FTE)908721.022.5▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

08-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 69 days late

2023

27-11

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 119 days late

2022

02-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 124 days late

2021

31-12

Financial Highest result since 2018net €66k ▲35.5%

Net result €66k, the highest in the series.

15-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 46 days late

2020

31-12

Financial Back to profitnet €49k

Net result €49k after 2 loss-making years.

30-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 61 days late

2019

31-12

Financial Weakest financial yearnet €-44k

Net result drops to €-44k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 31 days late

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 1 day late

2017

16-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 16 days late

2016

16-11

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 108 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Kortemark · 2 establishment units since 2002

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Krekebekestraat 38610 Kortemark

Ground area

2.1 ha

Building footprint

6,860 m²

Volume, LiDAR

16,667 m³

3 parcels, Flanders, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

CALPOL

Plavitoutstraat 131, 7700 MouscronNACE 52461

since 20022.096.202.959

BRICO

Wijmeriestraat 13, 8790 WaregemNACE 5244201

since 20072.164.560.443

3 parcels

Flanders 2 (66.7%) Wallonia 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34040C0247/00A002	Flanders	1.0 ha	1 · 2,017 m²	12.8 m · 2 fl.
54007B0670/00H000	Wallonia	8,637 m²	1 · 4,351 m²	-
32011C0274/00D002	Flanders	1,977 m²	1 · 491 m²	11.5 m · 2 fl.