CALVET
ActiveCALVET has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.15M and a net result of €1.27M. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
88
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+3
Solvency59▲+30
Growth80▲+8
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.25 in 2024), and 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.7%
Return on assets
7.5%
Age of the figures
8 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
27 d late
2023
19 d early
2022
26 d late
2021
37 d early
2020
52 d early
2019
45 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€44.32M▲ 66.5%
2024 · €26.62M
2018: €16.20M
2019: €16.82M
2020: €17.95M
2021: €19.43M
2022: €22.35M
2023: €26.68M
2024: €26.62M
2018 → 2025
EBIT margin
3.5%▲ 0.2pp
2024 · 3.3%
2018: 0.7%
2019: 1.2%
2020: 2.9%
2021: 2.5%
2022: 2.0%
2023: 5.3%
2024: 3.3%
2018 → 2025
Net result
€1.27M▲ 79.8%
2024 · €704k
2018: €119k
2019: €146k
2020: €454k
2021: €422k
2022: €410k
2023: €1.13M
2024: €704k
2018 → 2025
Working capital
€4.82M▲ 24.6%
2024 · €3.86M
2018: €1.23M
2019: €1.06M
2020: €1.79M
2021: €2.11M
2022: €2.37M
2023: €3.35M
2024: €3.86M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€19.43M-€22.35M▲ 15.0%€26.68M▲ 19.4%€26.62M▼ 0.2%€44.32M▲ 66.5%
Equity€1.63M-€2.04M▲ 25.1%€3.18M▲ 55.4%€3.88M▲ 22.2%€5.15M▲ 32.6%
Operating result€487k-€455k▼ 6.6%€1.42M▲ 212%€876k▼ 38.2%€1.55M▲ 77.2%
Net result€422k-€410k▼ 2.7%€1.13M▲ 176%€704k▼ 37.8%€1.27M▲ 79.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 77% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.77M
Fixed assets
€1.19M▲ 37.1%
Current assets
€15.58M▼ 20.5%
Equity and liabilities €16.77M
Equity
€5.15M▲ 32.6%
Provisions
€750k▲ 32.5%
Debt
€10.88M▼ 32.1%
The debt ratio falls from 78.3% to 64.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.88M▲
2024 · €1.17M
Cash flow
€1.60M▲
2024 · €995k
Solvency
30.7%▲
2024 · 19.0%
Current ratio
1.45▲
2024 · 1.25
Quick ratio
1.12▲
2024 · 1.04
Debt / equity
2.11▼
2024 · 4.13
ROE
24.6%▲
2024 · 18.1%
ROA
7.5%▲
2024 · 3.4%
Interest coverage
669925.31▲
2024 · 668.13
Debt
€10.88M▼
2024 · €16.02M
Debt ≤ 1 year
€10.76M▼
2024 · €15.73M
Income taxes
€456k▲
2024 · €269k
Staff costs
€2.30M▲
2024 · €2.19M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20.46M€16.77M▼
Fixed assets21/28€872k€1.19M▲
Intangible fixed assets21€163k€371k▲
Tangible fixed assets22/27€636k€748k▲
Plant, machinery and equipment23€213k€153k▼
Furniture and vehicles24€423k€595k▲
Other tangible fixed assets26€0-
Financial fixed assets28€72k€76k▲
Other financial fixed assets284/8€72k€76k▲
Amounts receivable and cash guarantees285/8€72k€76k▲
Current assets29/58€19.59M€15.58M▼
Stocks and contracts in progress3€3.26M€3.49M▲
Stocks30/36€3.26M€3.49M▲
Goods purchased for resale34€3.26M€3.49M▲
Amounts receivable within one year40/41€13.97M€8.29M▼
Trade receivables40€13.93M€8.20M▼
Other amounts receivable41€39k€91k▲
Cash at bank and in hand54/58€2.36M€3.72M▲
Deferred charges and accrued income490/1€6k€71k▲
Equity and liabilities
Total equity and liabilities10/49€20.46M€16.77M▼
Equity10/15€3.88M€5.15M▲
Contributions10/11€120k€120k=
Capital10€120k€120k=
Issued capital100€120k€120k=
Reserves13€558k€530k▼
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€213k€185k▼
Distributable reserves133€333k€333k=
Profit (loss) carried forward14€3.20M€4.50M▲
Provisions and deferred taxes16€566k€750k▲
Provisions for liabilities and charges160/5€566k€750k▲
Environmental obligations163€251k€435k▲
Other liabilities and charges164/5€315k€315k=
Amounts payable17/49€16.02M€10.88M▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Credit institutions173€0-
Amounts payable within one year42/48€15.73M€10.76M▼
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€3.28M€2.89M▼
Suppliers440/4€3.28M€2.89M▼
Advances received on contracts in progress46€11.64M€7.41M▼
Taxes, remuneration and social security45€794k€457k▼
Taxes450/3€572k€150k▼
Remuneration and social security454/9€223k€308k▲
Other amounts payable47/48€7k€2k▼
Accrued charges and deferred income492/3€290k€115k▼
Income statement
Code20242025
Operating income70/76A€26.91M€44.44M▲
Turnover70€26.62M€44.32M▲
Other operating income74€267k€82k▼
Non-recurring operating income76A€30k€41k▲
Operating charges60/66A€26.04M€42.89M▲
Goods for resale, raw materials and consumables60€18.77M€34.91M▲
Purchases600/8€19.15M€34.97M▲
Change in stocks: decrease (increase)609€-380k€-61k▲
Services and other goods61€4.41M€5.18M▲
Remuneration, social security and pensions62€2.19M€2.30M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€291k€330k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€376k€-40k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-25k€184k▲
Other operating charges640/8€24k€15k▼
Non-recurring operating charges66A€0€23k▲
Operating profit (loss)9901€876k€1.55M▲
Financial income75/76B€119k€185k▲
Recurring financial income75€119k€185k▲
Income from current assets751€17k€19k▲
Other financial income752/9€102k€166k▲
Financial charges65/66B€22k€15k▼
Recurring financial charges65€22k€15k▼
Debt charges650€2k€3▼
Other financial charges652/9€20k€15k▼
Profit (loss) for the period before taxes9903€973k€1.72M▲
Income taxes67/77€269k€456k▲
Taxes670/3€269k€456k▲
Profit (loss) for the period9904€704k€1.27M▲
Transfer from tax-exempt reserves789€28k€28k=
Profit (loss) for the period to be appropriated9905€732k€1.29M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.20M€4.50M▲
Profit (loss) brought forward from the previous period14P€2.47M€3.20M▲
Social balance
Average headcount (FTE)908725.026.5▲
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.27M ▲79.8%
Operating result €1.55M, net result €1.27M, both a record.
31-12
Financial
Equity above €5MEq €5.15M ▲32.6%
8 profitable years in a row build equity to €5.15M.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 26 days late
2022
31-12
Financial
Equity above €2MEq €2.04M ▲25.1%
5 profitable years in a row build equity to €2.04M.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Asse · 1 establishment unit since 1961
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.
Z. 1 Researchpark 2301731 AsseGround area
4,863 m²
Building footprint
2,477 m²
Volume, LiDAR
21,687 m³
Parcel 23095C0033/00A007, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Z. 1 Researchpark 230, 1731 Asse
since 19612.039.450.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095C0033/00A007 | Flanders | 4,863 m² | 1 · 2,477 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 25,000 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 25,000 EUR | 0 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Similar companies · same sector, comparable size
DEMA - SHOP
BE 0426.954.705
Roeselare · Eq €5.10M
INDUSYS TECHNOLOGIES
BE 0452.999.304
Sprimont · Eq €4.80M
RUTTEN ELECTROMECANIQUE
BE 0421.862.304
Herstal · Eq €4.65M
FULL METAL SERVICES
BE 0424.886.427
Braine-l'Alleud · Eq €4.60M
FIRMA CRISPYN
BE 0422.925.641
Maldegem · Eq €3.96M
Of 135 companies in sector 28410 we hold annual accounts for 106. 61 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
28410Manufacture of machinery and equipment not elsewhere classified
29420
46649Wholesale of other machinery and equipment
51872
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.