Kalsang-Tec
ActiveSummary
The computed 12-month bankruptcy probability of Kalsang-Tec is 2.3% (moderate). The 2025 annual accounts show equity of €37k and a net result of €11k. Its solvency ranks better than 51% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-14
Solvency73▲+14
Growth52
Track record82
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 0.9 in 2024; short-term debt: 52.2% and cash: 28% of total assets), and 52.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
47.8%
Return on assets
14.2%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▲ 42.1%
2024 · €26k
2024: €26k
2025: €37k▲ +42.1% vs 2024
2024 → 2025
Total assets
€78k▲ 0.9%
2024 · €77k
2024: €77k
2025: €78k▲ +0.9% vs 2024
2024 → 2025
Net result
€11k▼ 54.4%
2024 · €24k
2024: €24k
2025: €11k▼ -54.4% vs 2024
2024 → 2025
Working capital
€12k
2024 · €-5k
2024: €-5k
2025: €12k▲ +344% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€26k-€37k▲ 42.1%
2024: €26k
2025: €37k▲ +42.1% vs 2024
Operating result€33k-€14k▼ 58.5%
2024: €33k
2025: €14k▼ -58.5% vs 2024
Net result€24k-€11k▼ 54.4%
2024: €24k
2025: €11k▼ -54.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78k
Fixed assets
€25k ▼ 19.5%
Current assets
€53k ▲ 14.6%
Equity and liabilities €78k
Equity
€37k ▲ 42.1%
Debt
€41k ▼ 20.3%
Debt's share of the balance-sheet total falls from 66.1% to 52.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €36k
Cash flow
€18k▼
2024 · €27k
Current ratio
1.30▲
2024 · 0.90
Quick ratio
0.86▼
2024 · 0.90
Debt to equity
1.09▼
2024 · 1.95
ROE
29.6%▼
2024 · 92.4%
ROA
14.2%▼
2024 · 31.3%
Interest coverage
397.83▼
2024 · 2534.69
Debt ≤ 1 year
€41k▼
2024 · €51k
Income taxes
€3k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€78k▲
Fixed assets21/28€31k€25k▼
Tangible fixed assets22/27€31k€25k▼
Plant, machinery and equipment23-€653
Furniture and vehicles24€31k€25k▼
Current assets29/58€46k€53k▲
Stocks and contracts in progress3-€18k
Stocks30/36-€700
Contracts in progress37-€17k
Amounts receivable within one year40/41€15k€13k▼
Trade receivables40€13k€11k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€30k€22k▼
Deferred charges and accrued income490/1€412€378▼
Equity and liabilities
Total equity and liabilities10/49€77k€78k▲
Equity10/15€26k€37k▲
Contributions10/11€2k€2k=
Reserves13€24k€35k▲
Distributable reserves133€24k€35k▲
Amounts payable17/49€51k€41k▼
Amounts payable within one year42/48€51k€41k▼
Trade debts44€881€931▲
Suppliers440/4€881€931▲
Taxes, remuneration and social security45€13k€34k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€7k€29k▲
Other amounts payable47/48€38k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€181€653▲
Gross operating margin9900€36k€22k▼
Operating profit (loss)9901€33k€14k▼
Financial income75/76B€14€2▼
Recurring financial income75€14€2▼
Financial charges65/66B€14€53▲
Recurring financial charges65€14€53▲
Profit (loss) for the period before taxes9903€33k€14k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€24k€11k▼
Profit (loss) for the period to be appropriated9905€24k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€11k▼
Transfer to equity691/2€24k€11k▼
To other reserves6921€24k€11k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | ▲ 173% |
| Other operating charges640/8 | €181 | €653 | ▲ 261% |
| Gross operating margin9900 | €36k | €22k | ▼ 39.8% |
| Operating profit (loss)9901 | €33k | €14k | ▼ 58.5% |
| Financial income75/76B | €14 | €2 | ▼ 88.7% |
| Recurring financial income75 | €14 | €2 | ▼ 88.7% |
| Financial charges65/66B | €14 | €53 | ▲ 274% |
| Recurring financial charges65 | €14 | €53 | ▲ 274% |
| Profit (loss) for the period before taxes9903 | €33k | €14k | ▼ 58.6% |
| Income taxes67/77 | €9k | €3k | ▼ 69.9% |
| Profit (loss) for the period9904 | €24k | €11k | ▼ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €24k | €11k | ▼ 54.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €77k | €78k | ▲ 0.9% |
| Fixed assets21/28 | €31k | €25k | ▼ 19.5% |
| Tangible fixed assets22/27 | €31k | €25k | ▼ 19.5% |
| Plant, machinery and equipment23 | - | €653 | - |
| Furniture and vehicles24 | €31k | €25k | ▼ 21.6% |
| Current assets29/58 | €46k | €53k | ▲ 14.6% |
| Stocks and contracts in progress3 | - | €18k | - |
| Stocks30/36 | - | €700 | - |
| Contracts in progress37 | - | €17k | - |
| Amounts receivable within one year40/41 | €15k | €13k | ▼ 16.9% |
| Trade receivables40 | €13k | €11k | ▼ 21.8% |
| Other amounts receivable41 | €2k | €2k | ▲ 16.1% |
| Cash at bank and in hand54/58 | €30k | €22k | ▼ 28.0% |
| Deferred charges and accrued income490/1 | €412 | €378 | ▼ 8.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €77k | €78k | ▲ 0.9% |
| Equity10/15 | €26k | €37k | ▲ 42.1% |
| Contributions10/11 | €2k | €2k | = |
| Reserves13 | €24k | €35k | ▲ 45.6% |
| Distributable reserves133 | €24k | €35k | ▲ 45.6% |
| Amounts payable17/49 | €51k | €41k | ▼ 20.3% |
| Amounts payable within one year42/48 | €51k | €41k | ▼ 20.3% |
| Trade debts44 | €881 | €931 | ▲ 5.7% |
| Suppliers440/4 | €881 | €931 | ▲ 5.7% |
| Taxes, remuneration and social security45 | €13k | €34k | ▲ 167% |
| Taxes450/3 | €6k | €5k | ▼ 12.8% |
| Remuneration and social security454/9 | €7k | €29k | ▲ 335% |
| Other amounts payable47/48 | €38k | €6k | ▼ 84.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €11k | ▼ 54.4% |
| + Depreciation and write-downs630 | €3k | €7k | ▲ 173% |
| Operating cash flow (approximation) | €27k | €18k | ▼ 32.1% |
| Investment in fixed assets (approximation) | - | €-1k | - |
| Change in cash | - | €-8k | - |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
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, Antwerpen · 1 establishment unit since 2023
Ground area
178 m²
Building footprint
75 m²
Volume, LiDAR
554 m³
Parcel 11028A0151/00H002, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kalsang-Tec
since 20232.353.308.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0151/00H002 | Flanders | 178 m² | 1 · 75 m² | 8.9 m · 3 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 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,262 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.