KALEAS
ActiveSummary
KALEAS has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €891,668 and a net result of €47,234. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-3
Solvency97▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 21.84 against 28.89 in 2024; short-term debt: 0.9% and cash: 1.2% of total assets), and 28.3% of the assets are financed with debt.
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Signals
Seven 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.7%
Return on assets
3.8%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
53 d late
2023
6 d late
2022
32 d late
2021
11 d late
2020
88 d late
2019
137 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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. Usually files around 11 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Sint-Pieters-Woluwe, Real estate sector
Equity
€891,668▲ 5.6%
2024 · €844,434
Total assets
€1.2m▲ 12.9%
2024 · €1.1m
Net result
€47,234▼ 29.4%
2024 · €66,868
Working capital
€229,344▼ 17.7%
2024 · €278,827
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,893▲ 60.6%€414,980€94,673▼ 77.2%€81,570▼ 13.8%€62,701▼ 23.1%
Net result€4,632within the sector's middle half€335,952above the sector's middle half▲ 7,153%€106,994above the sector's middle half▼ 68.2%€66,868above the sector's middle half▼ 37.5%€47,234within the sector's middle half▼ 29.4%
Equity€334,620above the sector's middle half▲ 1.4%€670,572above the sector's middle half▲ 100%€777,566above the sector's middle half▲ 16.0%€844,434above the sector's middle half▲ 8.6%€891,668within the sector's middle half▲ 5.6%
Total assets€348,894within the sector's middle half▼ 3.8%€1.1mwithin the sector's middle half▲ 209%€1.1mwithin the sector's middle half▼ 0.9%€1.1mabove the sector's middle half▲ 3.1%€1.2mwithin the sector's middle half▲ 12.9%
Debt€14,274▼ 56.2%€302,993▲ 2,023%€190,095▼ 37.3%€159,998▼ 15.8%€258,007▲ 61.3%
Working capital€257,258above the sector's middle half▲ 12.4%€35,711within the sector's middle half▼ 86.1%€136,555above the sector's middle half▲ 282%€278,827above the sector's middle half▲ 104%€229,344within the sector's middle half▼ 17.7%
Solvency95.9%above the sector's middle half▲ 4.9pp62.2%within the sector's middle half▼ 33.7pp72.7%above the sector's middle half▲ 10.6pp76.6%above the sector's middle half▲ 3.9pp71.7%above the sector's middle half▼ 4.9pp
Current ratio19.02above the sector's middle half▲ 11.001.12within the sector's middle half▼ 17.911.72within the sector's middle half▲ 0.6028.89above the sector's middle half▲ 27.1721.84above the sector's middle half▼ 7.05
Return on assets (ROA)1.3%within the sector's middle half▲ 8.1pp31.2%above the sector's middle half▲ 29.8pp10.0%above the sector's middle half▼ 21.1pp6.1%within the sector's middle half▼ 3.9pp3.8%within the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 has fallen three years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.0m ▲ 23.4%
Current assets
€240,351 ▼ 16.8%
Equity and liabilities €1.2m
Equity
€891,668 ▲ 5.6%
Provisions
€94,190 ▼ 3.6%
Debt
€258,007 ▲ 61.3%
Debt's share of the balance-sheet total rises from 14.5% to 20.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106,351▲
2024 · €105,990
Cash flow
€90,884▼
2024 · €91,289
Debt to equity
0.29▲
2024 · 0.19
ROE
5.3%▼
2024 · 7.9%
Interest coverage
8.27▼
2024 · 18.68
Debt ≤ 1 year
€11,007▲
2024 · €9,998
Debt > 1 year
€247,000▲
2024 · €150,000
Income taxes
€29,642▼
2024 · €34,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,732 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,377 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,839 | €90,559 | €16,522 | €24,421 | €43,650 | ▲ 78.7% |
| Other operating charges640/8 | €3,138 | €3,260 | €2,332 | €3,088 | €3,176 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | €7,309 | - | - | - |
| Gross operating margin9900 | €13,085 | €508,798 | €120,837 | €109,079 | €109,527 | ▲ 0.4% |
| Operating profit (loss)9901 | -€13,893 | €414,980 | €94,673 | €81,570 | €62,701 | ▼ 23.1% |
| Financial income75/76B | €21,281 | €28,791 | €19,230 | €22,222 | €23,542 | ▲ 5.9% |
| Recurring financial income75 | €17,869 | €28,791 | €19,230 | €22,222 | €23,542 | ▲ 5.9% |
| Non-recurring financial income76B | €3,412 | - | - | - | - | - |
| Financial charges65/66B | €2,225 | €2,534 | €4,611 | €5,675 | €12,856 | ▲ 127% |
| Recurring financial charges65 | €2,225 | €2,534 | €4,611 | €5,675 | €12,856 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €5,164 | €441,237 | €109,293 | €98,116 | €73,387 | ▼ 25.2% |
| Transfer from deferred taxes780 | - | €4,243 | €3,489 | €3,489 | €3,489 | = |
| Transfer to deferred taxes680 | - | €108,899 | - | - | - | - |
| Income taxes67/77 | €532 | €628 | €5,787 | €34,737 | €29,642 | ▼ 14.7% |
| Profit (loss) for the period9904 | €4,632 | €335,952 | €106,994 | €66,868 | €47,234 | ▼ 29.4% |
| Transfer from tax-exempt reserves789 | - | €12,730 | €10,466 | €10,466 | €10,466 | = |
| Transfer to tax-exempt reserves689 | - | €326,698 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4,632 | €21,985 | €117,460 | €77,334 | €57,700 | ▼ 25.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348,894 | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 12.9% |
| Fixed assets21/28 | €77,361 | €739,517 | €742,629 | €813,285 | €1.0m | ▲ 23.4% |
| Tangible fixed assets22/27 | €77,361 | €739,517 | €742,629 | €813,285 | €1.0m | ▲ 23.4% |
| Land and buildings22 | €77,361 | €739,517 | €733,860 | €754,481 | €874,691 | ▲ 15.9% |
| Furniture and vehicles24 | - | - | €8,768 | €46,819 | €36,786 | ▼ 21.4% |
| Other tangible fixed assets26 | - | - | - | €11,985 | €92,038 | ▲ 668% |
| Current assets29/58 | €271,532 | €338,704 | €326,200 | €288,825 | €240,351 | ▼ 16.8% |
| Amounts receivable within one year40/41 | €9,020 | €113,650 | €105,003 | €49,849 | €13,061 | ▼ 73.8% |
| Trade receivables40 | - | €100,000 | €93,889 | €39,258 | - | - |
| Other amounts receivable41 | €9,020 | €13,650 | €11,114 | €10,592 | €13,061 | ▲ 23.3% |
| Current investments50/53 | €208,162 | €208,162 | €208,162 | €208,162 | €209,720 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €46,670 | €8,707 | €12,054 | €28,610 | €15,248 | ▼ 46.7% |
| Deferred charges and accrued income490/1 | €7,680 | €8,185 | €982 | €2,204 | €2,322 | ▲ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348,894 | €1.1m | €1.1m | €1.1m | €1.2m | ▲ 12.9% |
| Equity10/15 | €334,620 | €670,572 | €777,566 | €844,434 | €891,668 | ▲ 5.6% |
| Contributions10/11 | €395,500 | €395,500 | €395,500 | €395,500 | €395,500 | = |
| Capital10 | €395,500 | €395,500 | €395,500 | €395,500 | €395,500 | = |
| Issued capital100 | €395,500 | €395,500 | €395,500 | €395,500 | €395,500 | = |
| Reserves13 | €77,195 | €391,163 | €382,066 | €448,934 | €496,168 | ▲ 10.5% |
| Non-distributable reserves130/1 | €6,250 | €6,250 | €6,250 | €6,250 | €9,135 | ▲ 46.2% |
| Legal reserve130 | €6,250 | €6,250 | €6,250 | €6,250 | €9,135 | ▲ 46.2% |
| Tax-exempt reserves132 | €21,366 | €335,334 | €324,868 | €314,403 | €303,937 | ▼ 3.3% |
| Distributable reserves133 | €49,579 | €49,579 | €50,948 | €128,281 | €183,096 | ▲ 42.7% |
| Profit (loss) carried forward14 | -€138,075 | -€116,091 | - | - | - | - |
| Provisions and deferred taxes16 | - | €104,656 | €101,167 | €97,679 | €94,190 | ▼ 3.6% |
| Deferred taxes168 | - | €104,656 | €101,167 | €97,679 | €94,190 | ▼ 3.6% |
| Amounts payable17/49 | €14,274 | €302,993 | €190,095 | €159,998 | €258,007 | ▲ 61.3% |
| Amounts payable after more than one year17 | - | - | - | €150,000 | €247,000 | ▲ 64.7% |
| Financial debts170/4 | - | - | - | €150,000 | €247,000 | ▲ 64.7% |
| Amounts payable within one year42/48 | €14,274 | €302,993 | €189,645 | €9,998 | €11,007 | ▲ 10.1% |
| Trade debts44 | €12,959 | €1,861 | €9,007 | €3,003 | €2,570 | ▼ 14.4% |
| Suppliers440/4 | €12,959 | €1,861 | €9,007 | €3,003 | €2,570 | ▼ 14.4% |
| Taxes, remuneration and social security45 | - | - | €17,495 | €4,033 | €7,240 | ▲ 79.5% |
| Taxes450/3 | - | - | €17,495 | €4,033 | €7,240 | ▲ 79.5% |
| Other amounts payable47/48 | €1,315 | €301,132 | €163,144 | €2,961 | €1,197 | ▼ 59.6% |
| Accrued charges and deferred income492/3 | - | - | €450 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,632 | €335,952 | €106,994 | €66,868 | €47,234 | ▼ 29.4% |
| + Depreciation and write-downs630 | €23,839 | €90,559 | €16,522 | €24,421 | €43,650 | ▲ 78.7% |
| Operating cash flow (approximation) | €28,471 | €426,511 | €123,516 | €91,289 | €90,884 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€752,714 | -€19,634 | -€95,078 | -€233,879 | ▼ 146% |
| Change in cash | - | -€37,963 | €3,346 | €16,556 | -€13,361 | ▼ 181% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Liquidity times 17current ratio 28.89
Current ratio from 1.72 to 28.89; short-term debt falls from €189,645 to €9,998.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €335,952 ▲7,153%
Operating result €414,980, net result €335,952, both a record.
31-12
Financial
Equity above €500,000Eq €670,572 ▲100%
2 profitable years in a row build equity to €670,572.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €4,632
Net result €4,632 after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 19.02
Current ratio from 8.02 to 19.02; short-term debt falls from €32,588 to €14,274.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet -€24,664
Net result drops to -€24,664, the lowest in the series; recovery starts the following year.
Show earlier events
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 7.97
Current ratio from 2.42 to 7.97; short-term debt falls from €135,566 to €31,771.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Pieters-Woluwe · 2 establishment units since 1977
Ground area
3,045 m²
Building footprint
590 m²
Volume, LiDAR
7,058 m³
2 parcels, Brussels, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
Bemelstraat 26, 1150 Sint-Pieters-Woluwe
since 19772.013.796.115
KALEAS
since 20232.342.739.644
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0048/00R010 | Brussels | 1,827 m² | 1 · 428 m² | 17.0 m · 5 fl. |
| 24104B0004/00S002 | Flanders | 1,217 m² | 1 · 162 m² | 8.5 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900W4BOM0WF202D53
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,899 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-06-1977
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
70100Activities of head offices
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417307559
Also
9925:BE0417307559
Registered
30-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.