Kalliopé
ActiveSummary
Kalliopé has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,009 and a net result of €19,226. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+6
Growth71▲+10
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 4.2 against 3.22 in 2024; short-term debt: 21.2% and cash: 66.7% of total assets), and 21.2% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
78.8%
Return on assets
26.6%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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 · 6 filingsDeviation from the deadline
2025
28 d late
2024
59 d late
2023
26 d late
2022
28 d late
2021
49 d late
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€41,271▲ 27.8%
2024 · €32,296
EBIT margin
71.1%▲ 3.7pp
2024 · 67.3%
Net result
€19,226▲ 16.6%
2024 · €16,494
Working capital
€48,986▲ 30.9%
2024 · €37,424
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€33,639€7,432▼ 77.9%€32,296▲ 335%€41,271▲ 27.8%
Operating result-€9,788▼ 165%€17,825-€12,983€21,737€29,325▲ 34.9%
Net result-€10,465below the sector's middle half▼ 124%€16,055within the sector's middle half-€13,431below the sector's middle half€16,494within the sector's middle half€19,226within the sector's middle half▲ 16.6%
EBIT margin53.0%-174.7%▼ 227.7pp67.3%▲ 242.0pp71.1%▲ 3.7pp
Equity€18,664below the sector's middle half▼ 35.9%€34,720within the sector's middle half▲ 86.0%€21,289below the sector's middle half▼ 38.7%€37,782within the sector's middle half▲ 77.5%€57,009within the sector's middle half▲ 50.9%
Total assets€33,599below the sector's middle half▼ 34.6%€38,888below the sector's middle half▲ 15.7%€22,759below the sector's middle half▼ 41.5%€54,625below the sector's middle half▲ 140%€72,331below the sector's middle half▲ 32.4%
Debt€14,935▼ 33.0%€4,168▼ 72.1%€1,470▼ 64.7%€16,843▲ 1,046%€15,322▼ 9.0%
Working capital€6,612within the sector's middle half▲ 9.3%€21,829within the sector's middle half▲ 230%€20,177within the sector's middle half▼ 7.6%€37,424within the sector's middle half▲ 85.5%€48,986within the sector's middle half▲ 30.9%
Solvency55.5%within the sector's middle half▼ 1.1pp89.3%above the sector's middle half▲ 33.7pp93.5%above the sector's middle half▲ 4.3pp69.2%within the sector's middle half▼ 24.4pp78.8%above the sector's middle half▲ 9.7pp
Current ratio2.34within the sector's middle half▲ 0.856.24above the sector's middle half▲ 3.9014.73above the sector's middle half▲ 8.493.22within the sector's middle half▼ 11.514.20within the sector's middle half▲ 0.98
Return on assets (ROA)-31.1%below the sector's middle half▼ 22.0pp41.3%above the sector's middle half▲ 72.4pp-59.0%below the sector's middle half▼ 100.3pp30.2%within the sector's middle half▲ 89.2pp26.6%within the sector's middle half▼ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,331
Fixed assets
€8,022 ▲ 2,136%
Current assets
€64,309 ▲ 18.5%
Equity and liabilities €72,331
Equity
€57,009 ▲ 50.9%
Debt
€15,322 ▼ 9.0%
Debt's share of the balance-sheet total falls from 30.8% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,043▲
2024 · €22,490
Cash flow
€20,945▲
2024 · €17,246
Debt to equity
0.27▼
2024 · 0.45
ROE
33.7%▼
2024 · 43.7%
Interest coverage
352.05▲
2024 · 211.43
Debt ≤ 1 year
€15,322▼
2024 · €16,843
Income taxes
€10,115▲
2024 · €5,779
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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% | 1.8% |
| 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 34,696 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €33,639 | €7,432 | €32,296 | €41,271 | ▲ 27.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €11,792 | €11,639 | €13,903 | €15,934 | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,026 | €11,419 | €11,779 | €753 | €1,719 | ▲ 128% |
| Other operating charges640/8 | - | €1,028 | €2,128 | €895 | €2,356 | ▲ 163% |
| Gross operating margin9900 | €2,140 | €30,272 | €924 | €23,385 | €33,399 | ▲ 42.8% |
| Operating profit (loss)9901 | -€9,788 | €17,825 | -€12,983 | €21,737 | €29,325 | ▲ 34.9% |
| Financial income75/76B | - | €57 | €224 | €642 | €104 | ▼ 83.7% |
| Recurring financial income75 | - | €57 | €224 | €642 | €104 | ▼ 83.7% |
| Financial charges65/66B | - | €154 | €181 | €106 | €88 | ▼ 17.1% |
| Recurring financial charges65 | €146 | €154 | €181 | €106 | €88 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | -€9,934 | €17,728 | -€12,939 | €22,273 | €29,341 | ▲ 31.7% |
| Income taxes67/77 | €531 | €1,673 | €491 | €5,779 | €10,115 | ▲ 75.0% |
| Profit (loss) for the period9904 | -€10,465 | €16,055 | -€13,431 | €16,494 | €19,226 | ▲ 16.6% |
| Profit (loss) for the period to be appropriated9905 | -€10,465 | €16,055 | -€13,431 | €16,494 | €19,226 | ▲ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,599 | €38,888 | €22,759 | €54,625 | €72,331 | ▲ 32.4% |
| Fixed assets21/28 | €22,052 | €12,890 | €1,112 | €359 | €8,022 | ▲ 2,136% |
| Tangible fixed assets22/27 | €22,052 | €12,890 | €1,112 | €359 | €8,022 | ▲ 2,136% |
| Furniture and vehicles24 | - | €12,890 | €1,112 | €359 | €8,022 | ▲ 2,136% |
| Current assets29/58 | €11,547 | €25,998 | €21,647 | €54,266 | €64,309 | ▲ 18.5% |
| Amounts receivable within one year40/41 | €5,456 | €17,028 | €12,654 | €15,709 | €10,950 | ▼ 30.3% |
| Trade receivables40 | - | €10,809 | €4,130 | €8,569 | €10,950 | ▲ 27.8% |
| Other amounts receivable41 | - | €6,219 | €8,524 | €7,140 | - | - |
| Cash at bank and in hand54/58 | €956 | €3,624 | €3,501 | €32,698 | €48,275 | ▲ 47.6% |
| Deferred charges and accrued income490/1 | - | €5,345 | €5,492 | €5,860 | €5,084 | ▼ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,599 | €38,888 | €22,759 | €54,625 | €72,331 | ▲ 32.4% |
| Equity10/15 | €18,664 | €34,720 | €21,289 | €37,782 | €57,009 | ▲ 50.9% |
| Contributions10/11 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Outside capital11 | - | €7,500 | - | - | - | - |
| Share premium1100/10 | - | €7,500 | - | - | - | - |
| Reserves13 | €4,750 | €4,750 | €4,750 | €18,750 | €37,976 | ▲ 103% |
| Non-distributable reserves130/1 | - | - | - | €250 | €250 | = |
| Reserves not available under the articles1311 | - | - | - | €250 | €250 | = |
| Distributable reserves133 | - | €4,750 | €4,750 | €18,500 | €37,726 | ▲ 104% |
| Profit (loss) carried forward14 | €6,414 | €22,470 | €9,039 | €11,532 | €11,532 | = |
| Amounts payable17/49 | €14,935 | €4,168 | €1,470 | €16,843 | €15,322 | ▼ 9.0% |
| Amounts payable after more than one year17 | €10,000 | €0 | - | - | - | - |
| Other amounts payable178/9 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €4,935 | €4,168 | €1,470 | €16,843 | €15,322 | ▼ 9.0% |
| Trade debts44 | €585 | €2,566 | €1,470 | €1,568 | €2,689 | ▲ 71.5% |
| Suppliers440/4 | - | €2,566 | €1,470 | €1,568 | €2,689 | ▲ 71.5% |
| Advances received on contracts in progress46 | - | - | - | €9,824 | €8 | ▼ 99.9% |
| Taxes, remuneration and social security45 | - | €673 | €0 | €5,452 | €9,048 | ▲ 66.0% |
| Taxes450/3 | - | €673 | €0 | €5,452 | €9,048 | ▲ 66.0% |
| Other amounts payable47/48 | - | €930 | €0 | €0 | €3,577 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,465 | €16,055 | -€13,431 | €16,494 | €19,226 | ▲ 16.6% |
| + Depreciation and write-downs630 | €11,026 | €11,419 | €11,779 | €753 | €1,719 | ▲ 128% |
| Operating cash flow (approximation) | €561 | €27,475 | -€1,652 | €17,246 | €20,945 | ▲ 21.4% |
| Investment in fixed assets (approximation) | - | -€2,257 | €0 | €0 | -€9,382 | - |
| Change in cash | - | €2,668 | -€123 | €29,197 | €15,577 | ▼ 46.6% |
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
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-06
Financial
Highest result since 2020net €19,226 ▲16.6%
Operating result €29,325, net result €19,226, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
30-06
Financial
Back to profitnet €16,494
Net result €16,494 after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-06
Financial
Weakest financial yearnet -€13,431
Net result drops to -€13,431, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 14.73
Current ratio from 6.24 to 14.73; short-term debt falls from €4,168 to €1,470.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Back to profitnet €16,055
Net result €16,055 after 2 loss-making years.
30-06
Financial
Liquidity triplescurrent ratio 6.24
Current ratio from 2.34 to 6.24; short-term debt falls from €4,935 to €4,168.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 49 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chaudfontaine · 1 establishment unit since 2014
Ground area
1,144 m²
Building footprint
178 m²
Volume, LiDAR
1,116 m³
Parcel 62012D0040/00S002, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KALLIOPE
since 20142.296.498.061
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012D0040/00S002 | Wallonia | 1,144 m² | 1 · 178 m² | 7.5 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 38,750 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded17-07-2014
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Contact
E-mail
josie.kromer@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0556677159
Also
9925:BE0556677159
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.