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CALSA

Active
Public limited companyfounded 195076 yrs activeRoeselaarsestraat 9, 8850 Ardooie, BelgiumKBO/BCE: BE 0405.817.910
Summary

CALSA has been active since 1950 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.2m and a net result of €1.1m. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 6016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
CALSAActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of fruit and vegetables, excluding potatoes
NACE 46319NACE 51310
#1 oldest company in Ardooie1 site
Size
€49.6mturnover 2025
Staff
17.5 FTE
Equity
€9.2m
Profit
€1.1m
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
AMATUS · 100%
Auditor: Auditas Assurance PartnersAccounts 38 d early1 of 18 deeds read
Why 94- Liquidity: current ratio 1.48, cash €995,199+ Founded in 1950+ Equity €9.2m (58.9% of total assets)+ Profit of €1.1m (FY 2025)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 84+8
equity 58.9% of total assets
Liquidity 45-2
short-term debt 31.1% · cash 6.4%
Profitability 63=
return on assets 6.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -3.3% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▼ -1.7% vs 03-2025lowest value 05-2025: 0.1%▲ +5.3% vs 04-2025 06-2025: 0.1%▲ +1.7% vs 05-2025 07-2025: 0.1%▲ +3.3% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.8% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -1.7% vs 03-2026 05-2026: 0.1%▲ +5.1% vs 04-2026 06-2026: 0.1%▲ +1.6% vs 05-2026 07-2026: 0.1%▲ +58.7% vs 06-2026highest value 08-2026: 0.1%● 0.0% vs 07-2026highest value 09-2026: 0.1%● 0.0% vs 08-2026highest value 10-2026: 0.1%● 0.0% vs 09-2026highest value
  • Founded in 1950 lowers the probability for this profile
  • Liquidity: current ratio 1.48, cash €995,199 raises the probability
  • Equity €9.2m (58.9% of total assets) lowers the probability
  • Profit of €1.1m (FY 2025) lowers the probability
Credit up to €850,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.44 in 2024; short-term debt: 31.1% and cash: 6.4% of total assets), and 41.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 68%, liquidity 52%, profitability 50%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1950
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 1.48, cash €995,199
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €9.2m (58.9% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Profit of €1.1m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
48 d early
2023
42 d early
2022
39 d early
2021
34 d early
2020
31 d early
2019
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Permanent representatives: Jens Vanden Driessche and…Reappointment: Auditas Assurance Partners (statutory…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Oldest company in Ardooiein the Checked rankings #1 View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €1.1m 8 years View
  • Controlled by AMATUSknown shareholders 100% 100% View
  • Active since 1950founded 17-02-1950 76 years View

By topic

Financials

Fiscal year
2025
Turnover
€49.6m
Profit
€1.1m
Solvency
58.9%
Turnover▼ 1.3%
Net result
20182025
Go to Financials

Board & ownership

Parent
AMATUS · 100%
Known shareholders
100%
Auditor
Auditas Assurance Partners
Go to Board & ownership

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 23-09-2026Permanent representatives: Jens Vanden Driessche and Jeroen…
  2. 23-06-2026Annual accounts filed
  3. 13-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of fruit and vegetables, excluding potatoesNACE 46319
Founded
17-02-1950
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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