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Kalmthal

Active
Public limited companyfounded 197946 yrs activeBrasschaatsteenweg (C) 304, 2920 Kalmthout, BelgiumKBO/BCE: BE 0419.957.639
Summary

Kalmthal has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,735 and a net result of €12,295. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 503 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
KalmthalActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Operation of sports facilities
NACE 93110NACE 92611
#1 oldest company in Kalmthout, Arts, sports and recreation sector1 site
Size
€592,667total assets 2025
Staff
2.6 FTE
Equity
€90,735
Profit
€12,295
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
TOCKHEYN BEHEER · 100%
Accounts filed 30 d late1 of 7 deeds read
Why 92- Equity €90,735 (15.3% of total assets)+ Size: 2.6 FTE, total assets €592,667+ Founded in 1979+ Liquidity: current ratio 0.54, cash €114,737Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 50% of its sector peers (NACE 93, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 40+2
equity 15.3% of total assets
Liquidity 56+7
short-term debt 39.7% · cash 19.4%
Profitability 56-13
return on assets 2.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,227 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%▲ +1.8% vs 01-2025 03-2025: 0.1%▲ +3.4% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +15.0% vs 04-2025 06-2025: 0.2%▲ +122% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%▲ +5.2% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%▼ -2.5% vs 02-2026 04-2026: 0.2%● 0.0% vs 03-2026 05-2026: 0.2%▲ +0.6% vs 04-2026 06-2026: 0.2%▲ +13.3% vs 05-2026 07-2026: 0.2%▲ +8.4% vs 06-2026 08-2026: 0.4%▲ +80.9% vs 07-2026highest value 09-2026: 0.1%▼ -63.2% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Equity €90,735 (15.3% of total assets) raises the probability
  • Size: 2.6 FTE, total assets €592,667 lowers the probability for this profile
  • Founded in 1979 lowers the probability for this profile
  • Liquidity: current ratio 0.54, cash €114,737 lowers the probability
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.37 in 2024; short-term debt: 39.7% and cash: 19.4% of total assets), and 84.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, micro). Better than this share of them on solvency 38%, liquidity 61%, profitability 37%, growth against the median 66%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Equity €90,735 (15.3% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: 2.6 FTE, total assets €592,667
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1979
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 0.54, cash €114,737
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €90,735
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filings
Deviation from the deadline
2025
30 d late
2024
64 d early
2023
51 d early
2022
24 d early
2021
54 d early
2020
53 d early
2019
31 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Appointment: Tockheyn Beheer BV (managing director)Permanent representative: Gerhardus Tock
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Oldest company in Kalmthout, Arts, sports and recreation…in the Checked rankings #1 View
  • Positive: 8 profitable years in a rowprofit 2025: €12,295 8 years View
  • Controlled by TOCKHEYN BEHEER 100% View
  • New directorlatest change 20-10-2025 · 0 in office 1 joined View
  • Active since 1979founded 15-11-1979 46 years View

By topic

Financials

Fiscal year
2025
Total assets
€592,667
Profit
€12,295
Solvency
15.3%
Total assets▲ 0.7%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 30-08-2026Annual accounts filed
  2. 05-05-2026Appointment: Tockheyn Beheer BV (managing director)
  3. 28-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Operation of sports facilitiesNACE 93110
Founded
15-11-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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