Kalbi
ActiveSummary
Kalbi has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €19k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency40▼-60
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
15.2%
Return on assets
67.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 18%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
108 d early
2023
100 d early
2022
14 d late
2021
30 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 91.9%
2024 · €52k
2021: €15k
2022: €25k▲ +63.1% vs 2021
2023: €34k▲ +34.0% vs 2022
2024: €52k▲ +54.6% vs 2023highest in 5 years
2025: €4k▼ -91.9% vs 2024lowest in 5 years
2021 → 2025
Total assets
€28k▼ 51.2%
2024 · €57k
2021: €24klowest in 5 years
2022: €34k▲ +40.0% vs 2021
2023: €42k▲ +22.4% vs 2022
2024: €57k▲ +35.7% vs 2023highest in 5 years
2025: €28k▼ -51.2% vs 2024
2021 → 2025
Net result
€19k▲ 1.5%
2024 · €18k
2021: €14k
2022: €11k▼ -26.0% vs 2021
2023: €9k▼ -11.3% vs 2022lowest in 5 years
2024: €18k▲ +96.9% vs 2023
2025: €19k▲ +1.5% vs 2024highest in 5 years
2021 → 2025
Working capital
€-195
2024 · €52k
2021: €15k
2022: €25k▲ +63.1% vs 2021
2023: €34k▲ +34.0% vs 2022
2024: €52k▲ +54.6% vs 2023highest in 5 years
2025: €-195▼ -100% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€25k▲ 63.1%€34k▲ 34.0%€52k▲ 54.6%€4k▼ 91.9%
2021: €15k
2022: €25k▲ +63.1% vs 2021
2023: €34k▲ +34.0% vs 2022
2024: €52k▲ +54.6% vs 2023highest in 5 years
2025: €4k▼ -91.9% vs 2024lowest in 5 years
Operating result€18k-€15k▼ 16.9%€14k▼ 9.8%€25k▲ 83.4%€27k▲ 9.3%
2021: €18k
2022: €15k▼ -16.9% vs 2021
2023: €14k▼ -9.8% vs 2022lowest in 5 years
2024: €25k▲ +83.4% vs 2023
2025: €27k▲ +9.3% vs 2024highest in 5 years
Net result€14k-€11k▼ 26.0%€9k▼ 11.3%€18k▲ 96.9%€19k▲ 1.5%
2021: €14k
2022: €11k▼ -26.0% vs 2021
2023: €9k▼ -11.3% vs 2022lowest in 5 years
2024: €18k▲ +96.9% vs 2023
2025: €19k▲ +1.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€4k
Current assets
€23k
Equity and liabilities €28k
Equity
€4k ▼ 91.9%
Debt
€23k ▲ 426%
Debt's share of the balance-sheet total rises from 7.9% to 84.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27k
Cash flow
€19k
Current ratio
0.99▼
2024 · 12.71
Debt to equity
5.57▲
2024 · 0.09
ROE
444.4%▲
2024 · 35.3%
ROA
67.7%▲
2024 · 32.5%
Interest coverage
71.91
Debt ≤ 1 year
€23k▲
2024 · €4k
Income taxes
€8k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€57k€28k▼
Fixed assets21/28-€4k
Tangible fixed assets22/27-€4k
Furniture and vehicles24-€4k
Current assets29/58€57k€23k▼
Amounts receivable within one year40/41€385-
Trade receivables40€385-
Cash at bank and in hand54/58€56k€23k▼
Deferred charges and accrued income490/1-€515
Equity and liabilities
Total equity and liabilities10/49€57k€28k▼
Equity10/15€52k€4k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€50k€2k▼
Amounts payable17/49€4k€23k▲
Amounts payable within one year42/48€4k€23k▲
Trade debts44€83€801▲
Suppliers440/4€83€801▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€156€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€183
Other operating charges640/8€185-
Gross operating margin9900€25k€27k▲
Operating profit (loss)9901€25k€27k▲
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€437€380▼
Recurring financial charges65€437€380▼
Profit (loss) for the period before taxes9903€24k€27k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€18k€19k▲
Profit (loss) for the period to be appropriated9905€18k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€69k▲
Profit (loss) brought forward from the previous period14P€32k€50k▲
Profit to be distributed694/7-€67k
Return on contributions (dividend)694-€67k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €265 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €183 | - |
| Other operating charges640/8 | €265 | - | €168 | €185 | - | - |
| Gross operating margin9900 | €18k | €15k | €14k | €25k | €27k | ▲ 9.2% |
| Operating profit (loss)9901 | €18k | €15k | €14k | €25k | €27k | ▲ 9.3% |
| Financial income75/76B | €65 | - | - | €9 | - | - |
| Recurring financial income75 | €65 | - | - | €9 | - | - |
| Financial charges65/66B | €51 | €703 | €659 | €437 | €380 | ▼ 12.9% |
| Recurring financial charges65 | €51 | €703 | €654 | €437 | €380 | ▼ 12.9% |
| Non-recurring financial charges66B | - | €0 | €5 | - | - | - |
| Profit (loss) for the period before taxes9903 | €18k | €14k | €13k | €24k | €27k | ▲ 9.6% |
| Income taxes67/77 | €4k | €4k | €4k | €6k | €8k | ▲ 34.5% |
| Profit (loss) for the period9904 | €14k | €11k | €9k | €18k | €19k | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €14k | €11k | €9k | €18k | €19k | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24k | €34k | €42k | €57k | €28k | ▼ 51.2% |
| Fixed assets21/28 | - | - | - | - | €4k | - |
| Tangible fixed assets22/27 | - | - | - | - | €4k | - |
| Furniture and vehicles24 | - | - | - | - | €4k | - |
| Current assets29/58 | €24k | €34k | €42k | €57k | €23k | ▼ 59.0% |
| Amounts receivable within one year40/41 | €9k | €13k | €8k | €385 | - | - |
| Trade receivables40 | €7k | €7k | €8k | €385 | - | - |
| Other amounts receivable41 | €2k | €6k | - | - | - | - |
| Cash at bank and in hand54/58 | €14k | €20k | €34k | €56k | €23k | ▼ 59.6% |
| Deferred charges and accrued income490/1 | €919 | €688 | €200 | - | €515 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24k | €34k | €42k | €57k | €28k | ▼ 51.2% |
| Equity10/15 | €15k | €25k | €34k | €52k | €4k | ▼ 91.9% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €13k | €23k | €32k | €50k | €2k | ▼ 95.6% |
| Amounts payable17/49 | €9k | €9k | €8k | €4k | €23k | ▲ 426% |
| Amounts payable within one year42/48 | €9k | €9k | €8k | €4k | €23k | ▲ 426% |
| Trade debts44 | €730 | €882 | €211 | €83 | €801 | ▲ 864% |
| Suppliers440/4 | €730 | €882 | €211 | €83 | €801 | ▲ 864% |
| Taxes, remuneration and social security45 | €7k | €7k | €7k | €4k | €6k | ▲ 40.1% |
| Taxes450/3 | €7k | €7k | €7k | €4k | €6k | ▲ 40.1% |
| Other amounts payable47/48 | €800 | €834 | €956 | €156 | €17k | ▲ 10,641% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €11k | €9k | €18k | €19k | ▲ 1.5% |
| + Depreciation and write-downs630 | - | - | - | - | €183 | - |
| Operating cash flow (approximation) | €14k | €11k | €9k | €18k | €19k | ▲ 2.5% |
| Change in cash | - | €6k | €14k | €22k | €-34k | ▼ 250% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €19k ▲1.5%
Operating result €27k, net result €19k, both a record.
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 12.71
Current ratio from 5.23 to 12.71; short-term debt falls from €8k to €4k.
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9k ▼11.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Braine-l'Alleud · 1 establishment unit since 2021
Ground area
1,182 m²
Building footprint
153 m²
Volume, LiDAR
1,066 m³
Parcel 25743K0004/00E008, Wallonia · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KALBI
since 20212.318.494.493
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743K0004/00E008 | Wallonia | 1,182 m² | 1 · 153 m² | 13.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
HEART AND BRAIN GROUP
BE 0633.571.930
Mechelen · Eq €4,217
LEVELUP-CONSULTING
BE 0744.688.497
Zaventem · Eq €4,200
SV Innovations
BE 1028.396.176
Kalmthout · Eq €4,194
ESSAFIO CORP
BE 0792.158.517
Anderlecht · Eq €4,229
UtibesTEK
BE 0792.578.783
Lommel · Eq €4,189
Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 5,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.