DE CALUWE
ActiveDE CALUWE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €38. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 33% of 402 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45=
Solvency46▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.46 in 2024; short-term debt: 11.5% and cash: 8.1% of total assets), and 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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
21%
Return on assets
0%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
26 d late
2023
1 d late
2022
17 d late
2021
2 d early
2020
74 d late
2019
28 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€127k=
2024 · €127k
2018: €128k
2019: €111k
2020: €139k
2021: €139k
2022: €116k
2023: €127k
2024: €127k
2018 → 2025
Total assets
€602k▼ 5.1%
2024 · €635k
2018: €568k
2019: €522k
2020: €500k
2021: €436k
2022: €405k
2023: €573k
2024: €635k
2018 → 2025
Net result
€38▲ 452%
2024 · €7
2018: €7k
2019: €-16k
2020: €28k
2021: €-536
2022: €-2k
2023: €11k
2024: €7
2018 → 2025
Working capital
€31k▼ 9.0%
2024 · €34k
2018: €-80k
2019: €-78k
2020: €114k
2021: €99k
2022: €67k
2023: €79k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€116k▼ 16.6%€127k▲ 9.4%€127k=€127k=
Operating result€8k-€7k▼ 9.4%€26k▲ 256%€18k▼ 31.7%€18k▼ 1.7%
Net result€-536-€-2k▼ 350%€11k€7▼ 99.9%€38▲ 452%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €602k
Fixed assets
€502k▼ 4.5%
Current assets
€100k▼ 8.1%
Equity and liabilities €602k
Equity
€127k=
Debt
€476k▼ 6.4%
The debt ratio falls from 80.0% to 79.0%. Debt is lower.
Key figures and ratios
EBITDA
€53k▲
2024 · €52k
Cash flow
€35k▲
2024 · €34k
Solvency
21.0%▲
2024 · 20.0%
Current ratio
1.45▼
2024 · 1.46
Quick ratio
1.45▼
2024 · 1.46
Debt / equity
3.75▼
2024 · 4.01
ROE
0.0%▲
2024 · 0.0%
ROA
0.0%▲
2024 · 0.0%
Interest coverage
3.16▲
2024 · 3.11
Debt
€476k▼
2024 · €508k
Debt ≤ 1 year
€69k▼
2024 · €75k
Debt > 1 year
€406k▼
2024 · €433k
Income taxes
€1k▼
2024 · €1k
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€635k€602k▼
Fixed assets21/28€525k€502k▼
Tangible fixed assets22/27€525k€502k▼
Land and buildings22€503k€483k▼
Plant, machinery and equipment23€15k€15k▲
Furniture and vehicles24€7k€4k▼
Current assets29/58€109k€100k▼
Amounts receivable within one year40/41€58k€44k▼
Trade receivables40€43k€32k▼
Other amounts receivable41€15k€13k▼
Cash at bank and in hand54/58€46k€49k▲
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€635k€602k▼
Equity10/15€127k€127k=
Reserves13€78k€78k=
Distributable reserves133€78k€78k=
Profit (loss) carried forward14€49k€49k▲
Amounts payable17/49€508k€476k▼
Amounts payable after more than one year17€433k€406k▼
Financial debts170/4€433k€406k▼
Amounts payable within one year42/48€75k€69k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Financial debts43€2k€2k=
Credit institutions430/8€2k€2k=
Trade debts44€26k€18k▼
Suppliers440/4€26k€18k▼
Advances received on contracts in progress46€788€788=
Taxes, remuneration and social security45€0€202▲
Taxes450/3€0€202▲
Other amounts payable47/48€21k€22k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€35k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€2k▼
Gross operating margin9900€55k€55k▼
Operating profit (loss)9901€18k€18k▼
Financial income75/76B€71€39▼
Recurring financial income75€71€39▼
Financial charges65/66B€17k€17k▲
Recurring financial charges65€17k€17k▲
Profit (loss) for the period before taxes9903€1k€1k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€7€38▲
Profit (loss) for the period to be appropriated9905€7€38▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€49k▲
Profit (loss) brought forward from the previous period14P€49k€49k=
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 74 days late
2020
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 2.51
Current ratio from 0.30 to 2.51; short-term debt falls from €111k to €75k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €-16k ▼341%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Berlare · 2 establishment units since 2011
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.
Bareldonkdreef(B) 309290 BerlareGround area
1,697 m²
Building footprint
531 m²
Volume, LiDAR
3,071 m³
3 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Aquazone
since 20112.201.547.533
Aquabox
since 20252.368.446.723
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003A1268/00A000 | Flanders | 1,107 m² | 1 · 132 m² | 6.8 m · 1 fl. |
| 42006D0789/00F000 | Flanders | 306 m² | 1 · 296 m² | 10.2 m · 2 fl. |
| 42001B0503/00T002 | Flanders | 284 m² | 1 · 103 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DORCHY
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R.V. MAATMEUBELEN
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MODUL3
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ATELIER 7
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Nazareth-De Pinte · Eq €125k
Of 1,501 companies in sector 31004 we hold annual accounts for 621. 468 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2011
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
42219Civil engineering
43240Other construction installation
43299Specialised construction activities
43331Floor and wall tiling
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.