CALVIN
ActiveSummary
CALVIN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,898 and a net result of €3,573. Equity is growing by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 25.31 against 13.3 in 2024; short-term debt: 1.4% and cash: 35.3% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
98.6%
Return on assets
3.3%
Age of the figures
9 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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
10 d late
2023
4 d late
2022
15 d late
2021
8 d late
2020
24 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days after 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 (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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€106,898▲ 3.5%
2024 · €103,325
Total assets
€108,450▲ 2.7%
2024 · €105,588
Net result
€3,573▲ 271%
2024 · €962
Working capital
€37,730▲ 35.6%
2024 · €27,833
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
Line20212022202320242025
Operating result€1,447▼ 15.3%€2,645▲ 82.8%€6,350▲ 140%€962▼ 84.8%€4,764▲ 395%
Net result€1,447▼ 15.3%€2,645▲ 82.8%€6,350▲ 140%€962▼ 84.8%€3,573▲ 271%
Equity€93,367▲ 1.6%€96,012▲ 2.8%€102,362▲ 6.6%€103,325▲ 0.9%€106,898▲ 3.5%
Total assets€99,383▲ 0.1%€103,504▲ 4.1%€107,152▲ 3.5%€105,588▼ 1.5%€108,450▲ 2.7%
Debt€6,016▼ 18.1%€7,492▲ 24.5%€4,790▼ 36.1%€2,263▼ 52.8%€1,552▼ 31.4%
Working capital€6,365€8,244▲ 29.5%€21,098▲ 156%€27,833▲ 31.9%€37,730▲ 35.6%
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 395% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,450
Fixed assets
€69,167 ▼ 8.4%
Current assets
€39,282 ▲ 30.5%
Equity and liabilities €108,450
Equity
€106,898 ▲ 3.5%
Debt
€1,552 ▼ 31.4%
Debt's share of the balance-sheet total falls from 2.1% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,088▲
2024 · €7,284
Cash flow
€9,897▲
2024 · €7,284
Current ratio
25.31▲
2024 · 13.30
Debt to equity
0.01▼
2024 · 0.02
ROE
3.3%▲
2024 · 0.9%
ROA
3.3%▲
2024 · 0.9%
Debt ≤ 1 year
€1,552▼
2024 · €2,263
Income taxes
€1,191
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 16,986 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,364 | €6,317 | €6,504 | €6,321 | €6,324 | = |
| Other operating charges640/8 | €2,111 | €2,128 | €2,278 | €2,336 | €2,450 | ▲ 4.9% |
| Gross operating margin9900 | €9,923 | €11,091 | €15,131 | €9,620 | €13,538 | ▲ 40.7% |
| Operating profit (loss)9901 | €1,447 | €2,645 | €6,350 | €962 | €4,764 | ▲ 395% |
| Profit (loss) for the period before taxes9903 | €1,447 | €2,645 | €6,350 | €962 | €4,764 | ▲ 395% |
| Transfer from deferred taxes780 | €3,125 | €4,425 | - | - | - | - |
| Transfer to deferred taxes680 | €3,125 | €4,425 | - | - | - | - |
| Income taxes67/77 | - | - | - | - | €1,191 | - |
| Profit (loss) for the period9904 | €1,447 | €2,645 | €6,350 | €962 | €3,573 | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | €1,447 | €2,645 | €6,350 | €962 | €3,573 | ▲ 271% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,383 | €103,504 | €107,152 | €105,588 | €108,450 | ▲ 2.7% |
| Fixed assets21/28 | €87,003 | €87,768 | €81,265 | €75,491 | €69,167 | ▼ 8.4% |
| Tangible fixed assets22/27 | €87,003 | €87,768 | €81,265 | €75,491 | €69,167 | ▼ 8.4% |
| Land and buildings22 | €87,003 | €87,768 | €81,265 | €75,491 | €69,167 | ▼ 8.4% |
| Current assets29/58 | €12,380 | €15,735 | €25,888 | €30,097 | €39,282 | ▲ 30.5% |
| Amounts receivable within one year40/41 | - | - | - | €769 | €960 | ▲ 24.8% |
| Other amounts receivable41 | - | - | - | €769 | €960 | ▲ 24.8% |
| Cash at bank and in hand54/58 | €12,380 | €15,735 | €25,888 | €29,328 | €38,323 | ▲ 30.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,383 | €103,504 | €107,152 | €105,588 | €108,450 | ▲ 2.7% |
| Equity10/15 | €93,367 | €96,012 | €102,362 | €103,325 | €106,898 | ▲ 3.5% |
| Contributions10/11 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Capital10 | €68,171 | - | - | - | €68,171 | - |
| Issued capital100 | €68,171 | - | - | - | €68,171 | - |
| Reserves13 | €6,711 | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Non-distributable reserves130/1 | €6,711 | - | - | - | - | - |
| Legal reserve130 | €6,711 | - | - | - | - | - |
| Distributable reserves133 | - | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Profit (loss) carried forward14 | €18,485 | €21,024 | €27,374 | €28,337 | €31,910 | ▲ 12.6% |
| Amounts payable17/49 | €6,016 | €7,492 | €4,790 | €2,263 | €1,552 | ▼ 31.4% |
| Amounts payable within one year42/48 | €6,016 | €7,492 | €4,790 | €2,263 | €1,552 | ▼ 31.4% |
| Trade debts44 | €1,108 | €1,284 | €1,313 | - | - | - |
| Suppliers440/4 | €1,108 | €1,284 | €1,313 | - | - | - |
| Taxes, remuneration and social security45 | €3,125 | €4,425 | €1,695 | €481 | €1,552 | ▲ 223% |
| Taxes450/3 | €3,125 | €4,425 | €1,695 | €481 | €1,552 | ▲ 223% |
| Other amounts payable47/48 | €1,782 | €1,782 | €1,782 | €1,782 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,447 | €2,645 | €6,350 | €962 | €3,573 | ▲ 271% |
| + Depreciation and write-downs630 | €6,364 | €6,317 | €6,504 | €6,321 | €6,324 | = |
| Operating cash flow (approximation) | €7,812 | €8,963 | €12,854 | €7,284 | €9,897 | ▲ 35.9% |
| Investment in fixed assets (approximation) | - | -€7,083 | €0 | -€548 | €0 | ▲ 100% |
| Change in cash | - | €3,355 | €10,152 | €3,440 | €8,995 | ▲ 161% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
31-12
Financial
Weakest financial yearnet €962 ▼84.8%
Net result drops to €962, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 13.30
Current ratio from 5.40 to 13.30; short-term debt falls from €4,790 to €2,263.
04-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 4 days late
2023
31-12
Financial
Highest result since 2018net €6,350 ▲140%
Operating result €6,350, net result €6,350, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.40
Current ratio from 2.10 to 5.40; short-term debt falls from €7,492 to €4,790.
31-12
Financial
Equity above €100,000Eq €102,362 ▲6.6%
6 profitable years in a row build equity to €102,362.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.06
Current ratio from 0.68 to 2.06; short-term debt falls from €7,346 to €6,016.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Show earlier events
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1997
Ground area
483 m²
Building footprint
179 m²
Volume, LiDAR
1,801 m³
2 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DE KROON
since 19972.082.913.662
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46027C0951/00S000 | Flanders | 393 m² | 1 · 103 m² | 10.1 m · 3 fl. |
| 11003B0051/00X020 | Flanders | 90 m² | 1 · 77 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded25-10-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459094169
Also
9925:BE0459094169
Registered
13-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.