Kalden

Active

Private limited company (pre-2019)founded 20179 yrs activeHolstraat 40, 8790 Waregem, BelgiumKBO/BCE: BE 0676.379.317

The computed 12-month bankruptcy probability of Kalden is 3.3% (moderate). The 2025 annual accounts show equity of €104k and a net result of €-56k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 13090 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-71

Solvency95▼-4

Growth52=

Track record100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days acceptable

Liquidity ample (current ratio 3.09 against 4.14 in 2024; short-term debt: 26.4% and cash: 5.1% of total assets), and 29.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

70.1%

Return on assets

-37.7%

Age of the figures

9 mo

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 8 filings

Deviation from the deadline

2025

31 d late

2024

29 d early

2023

8 d early

2022

48 d early

2021

29 d late

2020

15 d early

2019

27 d early

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€104k▼ 35.0%

2024 · €160k

2018: €29k 2019: €62k 2020: €165k 2021: €145k 2022: €141k 2023: €156k 2024: €160k

2018 → 2025

Total assets

€148k▼ 31.5%

2024 · €216k

2018: €57k 2019: €149k 2020: €293k 2021: €386k 2022: €223k 2023: €232k 2024: €216k

2018 → 2025

Net result

€-56k

2024 · €4k

2018: €29k 2019: €39k 2020: €123k 2021: €100k 2022: €-16k 2023: €15k 2024: €4k

2018 → 2025

Working capital

€82k▼ 38.9%

2024 · €134k

2018: €5k 2019: €30k 2020: €146k 2021: €134k 2022: €131k 2023: €124k 2024: €134k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€145k-€141k▼ 2.7%€156k▲ 10.5%€160k▲ 2.5%€104k▼ 35.0%

Operating result€126k-€-15k€22k€7k▼ 66.9%€-56k

Net result€100k-€-16k€15k€4k▼ 74.0%€-56k

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 turns negative in 2025: a loss of €56k after €7k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €148k

18.4%

81.6%

Fixed assets €27k▼ 31.4%

Current assets €121k▼ 31.5%

Equity and liabilities €148k

70.1%

29.9%

Equity €104k▼ 35.0%

Debt €44k▼ 21.8%

The debt ratio rises from 26.2% to 29.9%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-43k▼

2024 · €22k

Cash flow

€-43k▼

2024 · €18k

Solvency

70.1%▼

2024 · 73.8%

Current ratio

3.09▼

2024 · 4.14

Quick ratio

3.09▼

2024 · 4.14

Debt / equity

0.43▲

2024 · 0.36

ROE

-53.7%▼

2024 · 2.4%

ROA

-37.7%▼

2024 · 1.8%

Interest coverage

-13.92▼

2024 · 7.13

Debt

€44k▼

2024 · €57k

Debt ≤ 1 year

€39k▼

2024 · €43k

Debt > 1 year

€5k▼

2024 · €14k

Income taxes

€935▼

2024 · €4k

Staff costs

€132k▼

2024 · €145k

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€216k€148k▼

Fixed assets21/28€40k€27k▼

Tangible fixed assets22/27€40k€27k▼

Land and buildings22€85€0▼

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€36k€25k▼

Financial fixed assets28€0-

Current assets29/58€176k€121k▼

Amounts receivable within one year40/41€76k€110k▲

Trade receivables40€3k€8k▲

Other amounts receivable41€73k€102k▲

Cash at bank and in hand54/58€92k€8k▼

Deferred charges and accrued income490/1€9k€3k▼

Equity and liabilities

Total equity and liabilities10/49€216k€148k▼

Equity10/15€160k€104k▼

Contributions10/11€19k€19k=

Reserves13€141k€85k▼

Non-distributable reserves130/1€3k€3k=

Reserves not available under the articles1311€3k€3k=

Distributable reserves133€138k€83k▼

Profit (loss) carried forward14€0-

Amounts payable17/49€57k€44k▼

Amounts payable after more than one year17€14k€5k▼

Financial debts170/4€14k€5k▼

Amounts payable within one year42/48€43k€39k▼

Current portion of amounts payable after more than one year42€8k€9k▲

Trade debts44€24k€17k▼

Suppliers440/4€24k€17k▼

Taxes, remuneration and social security45€10k€14k▲

Taxes450/3€5k€3k▼

Remuneration and social security454/9€5k€11k▲

Income statement Code20242025

Remuneration, social security and pensions62€145k€132k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼

Other operating charges640/8€5k€5k▲

Gross operating margin9900€172k€94k▼

Operating profit (loss)9901€7k€-56k▼

Financial income75/76B€4k€4k▲

Recurring financial income75€4k€4k▲

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€8k€-55k▼

Income taxes67/77€4k€935▼

Profit (loss) for the period9904€4k€-56k▼

Profit (loss) for the period to be appropriated9905€4k€-56k▼

Appropriation of the result

Profit (loss) to be appropriated9906€2k€-56k▼

Profit (loss) brought forward from the previous period14P€-2k€0▲

Transfer from equity791/2€2k€56k▲

Transfer to equity691/2€4k€0▼

To other reserves6921€4k€0▼

Social balance

Average headcount (FTE)90872.2-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 5Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €-56k ▼1547%

Net result drops to €-56k, the lowest in the series.

02-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

23-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

31-12

Financial Equity above €150kEq €156k ▲10.5%

Equity rises from €141k to €156k.

13-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

16-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €123k ▲217%

Operating result €137k, net result €123k, both a record.

31-12

Financial Equity above €150kEq €165k ▲167%

3 profitable years in a row build equity to €165k.

04-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

05-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Waregem · 3 establishment units since 2017

establishment All 3 establishment units on the map

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.

Holstraat 408790 Waregem

Ground area

1.6 ha

Building footprint

4,678 m²

Volume, LiDAR

31,283 m³

3 parcels, Flanders · tallest building 15.8 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

Kalden

Holstraat 40, 8790 WaregemFood and beverage service activities

since 20172.266.492.793

Kalden

Kortrijkstraat 307, 8560 WevelgemFood and beverage service activities

since 20182.277.603.649

Kalden

Zuiderlaan 72, 8790 WaregemFood and beverage service activities

since 20222.328.257.148

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34452B0413/00B002	Flanders	8,235 m²	1 · 2,598 m²	8.4 m · 2 fl.
34302B0875/00N005	Flanders	7,456 m²	1 · 1,941 m²	7.9 m · 2 fl.
34040C1404/00L000	Flanders	360 m²	1 · 138 m²	15.8 m · 3 fl.