KALISAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.54M and a net result of €345k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 83% of 8006 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
26 d late
2023
1 d early
2022
51 d late
2021
17 d late
2020
17 d late
2019
2 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6.54M▲ 5.0%
2024 · €6.23M
2018: €1.68M
2019: €1.66M
2020: €7.37M
2021: €7.43M
2022: €6.05M
2023: €6.09M
2024: €6.23M
2018 → 2025
Net result
€345k▲ 114%
2024 · €162k
2018: €18k
2019: €31k
2020: €5.67M
2021: €55k
2022: €86k
2023: €94k
2024: €162k
2018 → 2025
Total assets
€7.68M▲ 3.3%
2024 · €7.43M
2018: €1.83M
2019: €1.86M
2020: €8.07M
2021: €8.07M
2022: €7.14M
2023: €7.24M
2024: €7.43M
2018 → 2025
Solvency
85.2%▲ 1.4pp
2024 · 83.8%
2018: 91.5%
2019: 89.1%
2020: 91.3%
2021: 92.0%
2022: 84.7%
2023: 84.0%
2024: 83.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.43M-€6.05M▼ 18.6%€6.09M▲ 0.7%€6.23M▲ 2.4%€6.54M▲ 5.0%
Operating result€25k-€60k▲ 140%€66k▲ 10.4%€116k▲ 76.2%€23k▼ 80.0%
Net result€55k-€86k▲ 56.7%€94k▲ 10.1%€162k▲ 71.5%€345k▲ 114%
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 falls in 2025; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.68M
Fixed assets
€3.17M▲ 1.4%
Current assets
€4.51M▲ 4.7%
Equity and liabilities €7.68M
Equity
€6.54M▲ 5.0%
Debt
€1.14M▼ 5.7%
The debt ratio falls from 16.2% to 14.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
85.2%▲
2024 · 83.8%
ROE
5.3%▲
2024 · 2.6%
ROA
4.5%▲
2024 · 2.2%
Debt
€1.14M▼
2024 · €1.20M
Debt ≤ 1 year
€103k▼
2024 · €125k
Debt > 1 year
€1.03M▼
2024 · €1.08M
Income taxes
€52k▲
2024 · €34k
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€7.43M€7.68M▲
Fixed assets21/28€3.12M€3.17M▲
Tangible fixed assets22/27€105k€150k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€103k€148k▲
Financial fixed assets28€3.02M€3.02M=
Current assets29/58€4.31M€4.51M▲
Amounts receivable within one year40/41€42k€190k▲
Trade receivables40€19k€2k▼
Other amounts receivable41€23k€188k▲
Current investments50/53€3.98M€4.09M▲
Cash at bank and in hand54/58€286k€231k▼
Equity and liabilities
Total equity and liabilities10/49€7.43M€7.68M▲
Equity10/15€6.23M€6.54M▲
Contributions10/11€125k€125k=
Reserves13€6.11M€6.42M▲
Non-distributable reserves130/1€13k€13k=
Reserves not available under the articles1311€13k€13k=
Distributable reserves133€6.09M€6.41M▲
Amounts payable17/49€1.20M€1.14M▼
Amounts payable after more than one year17€1.08M€1.03M▼
Financial debts170/4€1.08M€1.03M▼
Amounts payable within one year42/48€125k€103k▼
Current portion of amounts payable after more than one year42€45k€46k▲
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€27k€49k▲
Taxes450/3€27k€49k▲
Other amounts payable47/48€47k-
Income statement
Code20242025
Non-recurring operating income76A€34k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€45k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€21k
Gross operating margin9900€140k€91k▼
Operating profit (loss)9901€116k€23k▼
Financial income75/76B€127k€404k▲
Recurring financial income75€127k€404k▲
Financial charges65/66B€47k€30k▼
Recurring financial charges65€47k€30k▼
Profit (loss) for the period before taxes9903€196k€397k▲
Income taxes67/77€34k€52k▲
Profit (loss) for the period9904€162k€345k▲
Profit (loss) for the period to be appropriated9905€162k€345k▲
Appropriation of the result
Profit (loss) to be appropriated9906€162k€345k▲
Transfer from equity791/2€18k€31k▲
Transfer to equity691/2€162k€345k▲
To other reserves6921€162k€345k▲
Profit to be distributed694/7€18k€31k▲
Return on contributions (dividend)694€18k€31k▲
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 51 days late
2022
31-12
Financial
Liquidity times 6current ratio 45.44
Current ratio from 8.09 to 45.44; short-term debt falls from €646k to €94k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Highest result since 2018net €5.67M ▲18286%
Net result €5.67M, the highest in the series.
31-12
Financial
Equity above €5MEq €7.37M ▲345%
3 profitable years in a row build equity to €7.37M.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2015
10-08
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
21-04
State Gazette act
Board meeting · Demerger
Capital · Corporate purpose
Financial milestoneState Gazette actNBB 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, Lierde · 1 establishment unit since 2013
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.
Eikenmolen 139570 LierdeGround area
7,005 m²
Building footprint
746 m²
Volume, LiDAR
3,900 m³
Parcel 45050B0750/00G000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KALISAN
since 20132.219.382.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45050B0750/00G000 | Flanders | 7,005 m² | 1 · 746 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyKALISANBE 0525.657.450
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 7,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-04-2013
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.