CALUSTEF
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 27-04-2023, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
3 d early
2021
25 d early
2020
29 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,863
2021 · -€45,654
Working capital
-€100,762▲ 27.5%
2021 · -€138,989
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€95,616-€93,056▼ 2.7%€4,678▼ 95.0%-€45,448€46,724
Net result€88,961-€132,734▲ 49.2%€1,907▼ 98.6%-€45,654€45,863
Equity€851,352-€984,086▲ 15.6%€985,994▲ 0.2%€940,340▼ 4.6%€986,203▲ 4.9%
Total assets€1.2m-€1.2m▲ 2.0%€1.2m▲ 1.2%€1.1m▼ 7.6%€1.2m▲ 11.9%
Debt€308,467-€198,764▼ 35.6%€211,159▲ 6.2%€166,106▼ 21.3%€252,085▲ 51.8%
Working capital-€169,632--€89,657▲ 47.1%-€95,115▼ 6.1%-€138,989▼ 46.1%-€100,762▲ 27.5%
Staff (FTE)3.8-3.9▲ 2.6%4▲ 2.6%3.8▼ 5.0%4▲ 5.3%
Why a figure moved sharply
- 2020 Net result -99% on 2019. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €46,724 after a loss of €45,448 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▲ 0.7%
Current assets
€151,323 ▲ 458%
Equity and liabilities €1.2m
Equity
€986,203 ▲ 4.9%
Debt
€252,085 ▲ 51.8%
Debt's share of the balance-sheet total rises from 15.0% to 20.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,052▲
2021 · -€43,668
Cash flow
€47,191▲
2021 · -€43,874
Current ratio
0.60▲
2021 · 0.16
Debt to equity
0.26▲
2021 · 0.18
ROE
4.7%▲
2021 · -4.9%
ROA
3.7%▲
2021 · -4.1%
Interest coverage
199.43▲
2021 · -211.92
Debt ≤ 1 year
€252,085▲
2021 · €166,106
Income taxes
€620▲
2021 · €0
Staff costs
€242,966▲
2021 · €183,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €183,361 | €242,966 | ▲ 32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,422 | €3,554 | €1,780 | €1,780 | €1,327 | ▼ 25.4% |
| Gross operating margin9900 | €269,257 | €294,347 | €193,294 | €139,693 | €291,018 | ▲ 108% |
| Operating profit (loss)9901 | €95,616 | €93,056 | €4,678 | -€45,448 | €46,724 | ▲ 203% |
| Recurring financial income75 | €29,960 | €69,907 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €206 | €241 | ▲ 16.9% |
| Recurring financial charges65 | €5,025 | €3,523 | €1,617 | €206 | €241 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €120,551 | €159,440 | €3,061 | -€45,654 | €46,483 | ▲ 202% |
| Income taxes67/77 | €31,591 | €26,706 | €1,153 | €0 | €620 | - |
| Profit (loss) for the period9904 | €88,961 | €132,734 | €1,907 | -€45,654 | €45,863 | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | €88,961 | €132,734 | €1,907 | -€45,654 | €45,863 | ▲ 200% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 11.9% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.7% |
| Intangible fixed assets21 | €1,774 | €0 | - | - | €6,000 | - |
| Tangible fixed assets22/27 | €3,502 | €4,173 | €2,393 | €613 | €2,250 | ▲ 267% |
| Furniture and vehicles24 | - | - | - | €613 | €2,250 | ▲ 267% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €75,828 | €99,962 | €116,044 | €27,117 | €151,323 | ▲ 458% |
| Amounts receivable within one year40/41 | €54,326 | €86,557 | €112,510 | €25,513 | €149,690 | ▲ 487% |
| Trade receivables40 | - | - | - | €0 | €138,310 | - |
| Other amounts receivable41 | - | - | - | €25,513 | €11,380 | ▼ 55.4% |
| Cash at bank and in hand54/58 | €21,502 | €13,404 | €3,534 | €1,605 | €1,633 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 11.9% |
| Equity10/15 | €851,352 | €984,086 | €985,994 | €940,340 | €986,203 | ▲ 4.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €830,892 | €963,626 | €965,534 | €919,880 | €965,743 | ▲ 5.0% |
| Amounts payable17/49 | €308,467 | €198,764 | €211,159 | €166,106 | €252,085 | ▲ 51.8% |
| Amounts payable after more than one year17 | €63,007 | €9,146 | €0 | - | - | - |
| Amounts payable within one year42/48 | €245,460 | €189,618 | €211,159 | €166,106 | €252,085 | ▲ 51.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - |
| Financial debts43 | - | - | - | €10,010 | €7,038 | ▼ 29.7% |
| Credit institutions430/8 | - | - | - | €10,010 | €7,038 | ▼ 29.7% |
| Trade debts44 | €13,045 | €9,435 | €106,613 | €78,583 | €57,067 | ▼ 27.4% |
| Suppliers440/4 | - | - | - | €78,583 | €57,067 | ▼ 27.4% |
| Taxes, remuneration and social security45 | - | - | - | €18,191 | €45,260 | ▲ 149% |
| Taxes450/3 | - | - | - | €0 | €13,896 | - |
| Remuneration and social security454/9 | - | - | - | €18,191 | €31,364 | ▲ 72.4% |
| Other amounts payable47/48 | - | - | - | €59,322 | €142,720 | ▲ 141% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,961 | €132,734 | €1,907 | -€45,654 | €45,863 | ▲ 200% |
| + Depreciation and write-downs630 | €6,422 | €3,554 | €1,780 | €1,780 | €1,327 | ▼ 25.4% |
| Operating cash flow (approximation) | €95,382 | €136,288 | €3,687 | -€43,874 | €47,191 | ▲ 208% |
| Investment in fixed assets (approximation) | - | -€2,451 | €0 | €0 | -€8,964 | - |
| Change in cash | - | -€8,098 | -€9,870 | -€1,930 | €28 | ▲ 101% |
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
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Back to profitnet €45,863
Net result €45,863 after one loss-making year.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€45,654
Net result drops to -€45,654, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €132,734 ▲49.2%
Net result €132,734, the highest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
19-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
07-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- POLENTA GROUP
- CALUSTEF
Highest known parent: POLENTA GROUP. The sources do not say who stands above it.
Owners 1
- POLENTA GROUPparent99.87%
Holdings 2
-
99.87%
-
97.14%
According to the annual accounts to 30-09-2022 of CALUSTEF 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.