Calu Construct
ActiveSummary
Calu Construct has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294,198 and a net result of €20,932. Equity is growing by about 8.4% per year across the filed financial years. Its solvency ranks better than 81% of 34,728 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €294,198
- Profit
- €20,932
- Callewaert FrankyDirector
- Demyttenaere KatrienDirector
Why 96raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.92, cash €177,537Equity €294,198 (75.7% of total assets)Founded in 2005Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 88% on liquidity, 50% on profitability and 51% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 32 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2019 to 2025net €59,560 ▲34.4%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 65% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €58,412 | €55,486 | €61,114 | €56,782 | ▼ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,908 | €9,422 | €9,870 | €5,011 | €15,359 | €12,319 | €12,319 | = |
| Other operating charges640/8 | - | - | - | €1,303 | €1,786 | €1,546 | €1,258 | ▼ 18.7% |
| Gross operating margin9900 | €123,229 | €110,131 | €68,148 | €137,755 | €127,273 | €154,633 | €98,071 | ▼ 36.6% |
| Operating profit (loss)9901 | -€6,724 | €47,572 | €29,906 | €73,029 | €54,642 | €79,654 | €27,713 | ▼ 65.2% |
| Financial income75/76B | - | - | - | €5,581 | €7,450 | €4,269 | €5,402 | ▲ 26.6% |
| Recurring financial income75 | €148 | €425 | €1,032 | €5,581 | €7,450 | €4,269 | €5,402 | ▲ 26.6% |
| Financial charges65/66B | - | - | - | €407 | €514 | €1,036 | €3,359 | ▲ 224% |
| Recurring financial charges65 | €564 | €200 | €143 | €407 | €514 | €1,036 | €3,359 | ▲ 224% |
| Profit (loss) for the period before taxes9903 | -€7,139 | €47,797 | €30,795 | €78,203 | €61,578 | €82,886 | €29,756 | ▼ 64.1% |
| Income taxes67/77 | €474 | €2,185 | €8,613 | €22,464 | €17,266 | €23,327 | €8,825 | ▼ 62.2% |
| Profit (loss) for the period9904 | -€7,614 | €45,612 | €22,182 | €55,739 | €44,312 | €59,560 | €20,932 | ▼ 64.9% |
| Profit (loss) for the period to be appropriated9905 | -€7,614 | €45,612 | €22,182 | €55,739 | €44,312 | €59,560 | €20,932 | ▼ 64.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €250,282 | €260,530 | €294,086 | €345,659 | €403,673 | €369,356 | €388,753 | ▲ 5.3% |
| Fixed assets21/28 | €24,872 | €17,000 | €13,680 | €11,299 | €46,807 | €34,487 | €24,123 | ▼ 30.1% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €24,871 | €16,999 | €13,679 | €11,298 | €46,806 | €34,486 | €24,122 | ▼ 30.1% |
| Plant, machinery and equipment23 | - | - | - | €7,030 | €4,924 | €3,151 | €1,531 | ▼ 51.4% |
| Furniture and vehicles24 | - | - | - | €4,267 | €41,881 | €31,335 | €22,590 | ▼ 27.9% |
| Current assets29/58 | €225,411 | €243,530 | €280,406 | €334,360 | €356,867 | €334,869 | €364,630 | ▲ 8.9% |
| Stocks and contracts in progress3 | €35,620 | €25,385 | €25,778 | €115,077 | €32,060 | €67,058 | €24,224 | ▼ 63.9% |
| Stocks30/36 | - | - | - | €30,900 | €16,280 | €20,035 | €19,874 | ▼ 0.8% |
| Contracts in progress37 | - | - | - | €84,177 | €15,780 | €47,023 | €4,350 | ▼ 90.7% |
| Amounts receivable within one year40/41 | €33,698 | €40,936 | €121,847 | €99,226 | €93,440 | €26,787 | €39,322 | ▲ 46.8% |
| Trade receivables40 | - | - | - | €34,212 | €30,710 | €22,613 | €20,368 | ▼ 9.9% |
| Other amounts receivable41 | - | - | - | €65,013 | €62,729 | €4,174 | €18,954 | ▲ 354% |
| Current investments50/53 | - | - | - | - | - | - | €120,000 | - |
| Cash at bank and in hand54/58 | €128,825 | €85,547 | €115,885 | €117,651 | €228,056 | €239,029 | €177,537 | ▼ 25.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,406 | €3,311 | €1,995 | €3,548 | ▲ 77.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €250,282 | €260,530 | €294,086 | €345,659 | €403,673 | €369,356 | €388,753 | ▲ 5.3% |
| Equity10/15 | €155,662 | €201,273 | €223,455 | €279,194 | €323,506 | €273,266 | €294,198 | ▲ 7.7% |
| Contributions10/11 | €122,200 | - | - | €122,200 | €122,200 | €12,400 | €12,400 | = |
| Reserves13 | €73,419 | €73,419 | €95,419 | €151,149 | €195,449 | €255,009 | €281,798 | ▲ 10.5% |
| Non-distributable reserves130/1 | - | - | - | €12,220 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €12,220 | - | - | - | - |
| Distributable reserves133 | - | - | - | €138,929 | €195,449 | €255,009 | €281,798 | ▲ 10.5% |
| Profit (loss) carried forward14 | -€39,958 | €5,654 | €5,836 | €5,845 | €5,857 | €5,857 | €0 | ▼ 100% |
| Amounts payable17/49 | €94,621 | €59,257 | €70,631 | €66,464 | €80,167 | €96,090 | €94,555 | ▼ 1.6% |
| Amounts payable after more than one year17 | €1,188 | - | - | - | €18,487 | €9,684 | €750 | ▼ 92.3% |
| Financial debts170/4 | - | - | - | - | €18,487 | €9,684 | €750 | ▼ 92.3% |
| Amounts payable within one year42/48 | €91,909 | €57,900 | €69,279 | €66,129 | €61,223 | €85,837 | €93,023 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,674 | €8,803 | - | - |
| Financial debts43 | - | - | - | - | - | - | €8,934 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €8,934 | - |
| Trade debts44 | €40,625 | €24,752 | €28,197 | €25,098 | €4,376 | €14,810 | €6,229 | ▼ 57.9% |
| Suppliers440/4 | - | - | - | €25,098 | €4,376 | €14,810 | €6,229 | ▼ 57.9% |
| Advances received on contracts in progress46 | - | - | - | €22,450 | €24,875 | €2,600 | €31,290 | ▲ 12× |
| Taxes, remuneration and social security45 | - | - | - | €18,581 | €23,299 | €16,012 | €5,330 | ▼ 66.7% |
| Taxes450/3 | - | - | - | €16,814 | €20,208 | €11,645 | €3,706 | ▼ 68.2% |
| Remuneration and social security454/9 | - | - | - | €1,767 | €3,091 | €4,366 | €1,624 | ▼ 62.8% |
| Other amounts payable47/48 | - | - | - | - | - | €43,613 | €41,240 | ▼ 5.4% |
| Accrued charges and deferred income492/3 | - | - | - | €335 | €456 | €569 | €781 | ▲ 37.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,614 | €45,612 | €22,182 | €55,739 | €44,312 | €59,560 | €20,932 | ▼ 64.9% |
| + Depreciation and write-downs630 | €13,908 | €9,422 | €9,870 | €5,011 | €15,359 | €12,319 | €12,319 | = |
| Operating cash flow (approximation) | €6,294 | €55,034 | €32,052 | €60,750 | €59,671 | €71,879 | €33,250 | ▼ 53.7% |
| Investment in fixed assets (approximation) | - | -€1,551 | -€6,549 | -€2,630 | -€50,867 | €0 | -€1,954 | - |
| Change in cash | - | -€43,279 | €30,339 | €1,766 | €110,405 | €10,973 | -€61,492 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 03-03-2026 | 2026-00048695 |
| 30-09-2024 | micro format | 27-02-2025 | 2025-00041470 |
| 30-09-2023 | micro format | 27-03-2024 | 2024-00051944 |
| 30-09-2022 | micro format | 24-04-2023 | 2023-00063413 |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09800481 |
| 30-09-2020 | micro format | 28-04-2021 | 2021-11800466 |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08200493 |
| 30-09-2018 | micro format | 02-04-2019 | 2019-09000093 |
| 30-09-2017 | micro format | 26-04-2018 | 2018-10900588 |
| 30-09-2016 | abbreviated format | 02-05-2017 | 2017-10900516 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Callewaert Franky |
|
| Demyttenaere Katrien |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-07
Gazette deed
Resignations: Callewaert Franky (director) and Demyttenaere Katrien (director)Appointments: Callewaert Franky (director) and Demyttenaere Katrien (director) · Capital conversion · Amendment of the articles15 facts ▸
- General meeting, “buitengewone algemene vergadering, unaniem” (deed in Dutch)
- Other provision, “vaststelling terminologische omzetting, van rechtswege omzetting” (deed in Dutch)
- Capital conversion, “vaststelling van rechtswege omzetting kapitaal en wettelijke reserve, TWEEDE BESLISSING” (deed in Dutch)
- Other provision, “omzetting statutair onbeschikbare eigen vermogensrekeningen, DERDE BESLISSING” (deed in Dutch)
- Amendment of the articles
- Director resignation, Callewaert Franky (director)
- Director resignation, Demyttenaere Katrien (director)
- Director discharge, Callewaert Franky (2 times)
- Director discharge, Demyttenaere Katrien (2 times)
- Director appointment, Callewaert Franky (director)
- Director appointment, Demyttenaere Katrien (director)
- Other provision, “geen verbod mandaat, geen verbod opgelegd tot uitoefenen mandaat bestuurder of zaakvoerder” (deed in Dutch) (2 times)
- +3 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0876.333.929
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34372C0273/00W000 | Flanders | 1,054 m² | 1 · 164 m² | - |
| 34027F0092/00A002 | Flanders | 894 m² | 1 · 135 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Onderneming voor het plaatsen van ijzerwerk,metalen luiken en metalen schrijnwerk; Onderneming voor fabricage en plaatsing van ramen en…” (deed in Dutch)
17 activities (deed in Dutch)
- Onderneming voor het plaatsen van ijzerwerk,metalen luiken en metalen schrijnwerk.
- Onderneming voor fabricage en plaatsing van ramen en toebehoren in zowel hout,kunststof als in metaal.
- Het aannemen van glaswerken in de zin van het plaatsen van ruiten,glazen deuren,spiegelglas,gekleurde ramen en het aanwenden van alle doorschijnend en doorzichtig materiaal,met inbegrip van het daarbijhorend fatsoeneringswerk,het inzetten,alsmede het monteren door middel van lood,messingroeden of andere metalen en materialen.
- Het maken,leveren en plaatsen van allerlei glasconstructies.
- Het inrichten van een werkplaats voor de metaalverwerkende nijverheid.
- Onderneming voor het plaatsen van scheidingswanden en valse zolderingen.
- Onderneming voor het bouwen,verbouwen en restaureren van gebouwen.
- Onderneming voor het uitvoeren van metsel- en voegwerken.
- Algemene bouwaannemingen omvattende,benevens voornoemde bedrijvigheden,deze die betrekking hebben op de gehele of gedeeltelijke uitvoering van voltooiingswerken of op de coordinatie van deze laatste wanneer zij door onderaannemers worden uitgevoerd.
- Onderneming voor het leggen van tegelvloeren en mozaiek en voor het plaatsen van alle wand- en vloerbekledingen.
- Onderneming voor het bouwen van stellingen,alsmede voor het invoegen en reinigen van gevels.
- De groot- en kleinhandel in bouwmaterialen.
- Onderneming voor de aankoop en verkoop,het leveren en plaatsen,het onderhouden en herstellen van alle technische,electrische en electronische apparatuur,leidingen en/of onderdelen ervan.
- Onderneming voor het plaatsen van centrale verwarming met warm water en stoom,voor het plaatsen van ventilatie,verluchting en van verwarming met warme lucht.
- Tussenpersoon in de handel,dit zowel als makelaar in goederen,als zelfstandig handelsvertegenwoordiger en als commissionair.
- Het houden van aandelen van vennootschappen.
- Het beheer van onroerende goederen,zowel voor eigen rekening als voor rekening van derden,kortom het optreden als syndicus,evenals het optreden als vastgoedmakelaar.Het adviseren en bemiddelen inzake immobiliën,kredieten en verzekeringen.
- Name clauseThe name the company operates under according to its articles.
- Calu Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director“2. Indien er twee of meer bestuurders worden benoemd, en behoudens inrichting door de algemene vergadering van een collegiaal…”
Full text
2. Indien er twee of meer bestuurders worden benoemd, en behoudens inrichting door de algemene vergadering van een collegiaal bestuursorgaan, - mag iedere bestuurder, alleen optredend, alle handelingen te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap, tenzij die waarvoor volgens de wet of huidige statuten de algemene vergadering bevoegd is. - is iedere bestuurder, alleen optredend, bevoegd om de vennootschap te vertegenwoordigen in en buiten rechte.
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur;bij gebrek onbepaalde duur, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 25 February at 10:00