Kalutech
ActiveSummary
The computed 12-month bankruptcy probability of Kalutech is 2.9% (moderate). The 2025 annual accounts show equity of €66,173 and a net result of -€12,254. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 28254 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-31
Solvency37▼-1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.43 against 0.63 in 2024; short-term debt: 14.3% and cash: 1.9% of total assets), and 87.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 16%
← weakest
strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
18 d early
2024
42 d early
2023
30 d early
2022
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 30 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 1 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€66,173▼ 15.6%
2024 · €78,427
Total assets
€545,656▼ 11.9%
2024 · €619,677
Net result
-€12,254
2024 · €3,880
Working capital
-€44,464▼ 5.1%
2024 · -€42,321
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2022202320242025
Operating result€14,232-€67,154▲ 372%€4,846▼ 92.8%€2,669▼ 44.9%
Net result€12,032within the sector's middle half-€53,715above the sector's middle half▲ 346%€3,880within the sector's middle half▼ 92.8%-€12,254below the sector's middle half
Equity€22,032within the sector's middle half-€74,547within the sector's middle half▲ 238%€78,427within the sector's middle half▲ 5.2%€66,173within the sector's middle half▼ 15.6%
Total assets€70,336within the sector's middle half-€139,478within the sector's middle half▲ 98.3%€619,677above the sector's middle half▲ 344%€545,656above the sector's middle half▼ 11.9%
Debt€48,304-€64,931▲ 34.4%€541,250▲ 734%€479,483▼ 11.4%
Working capital-€10,580below the sector's middle half-€45,859within the sector's middle half-€42,321below the sector's middle half-€44,464below the sector's middle half▼ 5.1%
Solvency31.3%within the sector's middle half-53.4%within the sector's middle half▲ 22.1pp12.7%below the sector's middle half▼ 40.8pp12.1%below the sector's middle half▼ 0.5pp
Current ratio0.71below the sector's middle half-1.79within the sector's middle half▲ 1.080.63below the sector's middle half▼ 1.160.43below the sector's middle half▼ 0.20
Return on assets (ROA)17.1%within the sector's middle half-38.5%above the sector's middle half▲ 21.4pp0.6%within the sector's middle half▼ 37.9pp-2.2%below the sector's middle half▼ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545,656
Fixed assets
€512,175 ▼ 6.5%
Current assets
€33,481 ▼ 53.4%
Equity and liabilities €545,656
Equity
€66,173 ▼ 15.6%
Debt
€479,483 ▼ 11.4%
Debt's share of the balance-sheet total rises from 87.3% to 87.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40,468▲
2024 · €22,503
Cash flow
€25,545▲
2024 · €21,537
Quick ratio
0.17▼
2024 · 0.26
Debt to equity
7.25▲
2024 · 6.90
ROE
-18.5%▼
2024 · 4.9%
Interest coverage
2.71▼
2024 · 93.37
Debt ≤ 1 year
€77,945▼
2024 · €114,154
Debt > 1 year
€401,538▼
2024 · €427,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 441 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 441 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,212 | €14,121 | €17,657 | €37,799 | ▲ 114% |
| Other operating charges640/8 | €645 | €418 | €2,395 | €4,730 | ▲ 97.5% |
| Gross operating margin9900 | €25,089 | €81,693 | €24,898 | €45,198 | ▲ 81.5% |
| Operating profit (loss)9901 | €14,232 | €67,154 | €4,846 | €2,669 | ▼ 44.9% |
| Financial income75/76B | - | €18 | €1 | - | - |
| Recurring financial income75 | - | €18 | €1 | - | - |
| Financial charges65/66B | €36 | €100 | €241 | €14,923 | ▲ 6,092% |
| Recurring financial charges65 | €36 | €100 | €241 | €14,923 | ▲ 6,092% |
| Profit (loss) for the period before taxes9903 | €14,196 | €67,072 | €4,606 | -€12,254 | ▼ 366% |
| Income taxes67/77 | €2,164 | €13,357 | €726 | - | - |
| Profit (loss) for the period9904 | €12,032 | €53,715 | €3,880 | -€12,254 | ▼ 416% |
| Profit (loss) for the period to be appropriated9905 | €12,032 | €53,715 | €3,880 | -€12,254 | ▼ 416% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70,336 | €139,478 | €619,677 | €545,656 | ▼ 11.9% |
| Fixed assets21/28 | €44,913 | €35,311 | €547,844 | €512,175 | ▼ 6.5% |
| Intangible fixed assets21 | - | €1,454 | €1,154 | €854 | ▼ 26.0% |
| Tangible fixed assets22/27 | €44,550 | €33,494 | €546,327 | €510,958 | ▼ 6.5% |
| Land and buildings22 | - | - | €514,061 | €492,771 | ▼ 4.1% |
| Plant, machinery and equipment23 | €5,975 | €4,196 | €4,152 | €1,745 | ▼ 58.0% |
| Furniture and vehicles24 | €10,869 | €10,184 | €17,592 | €14,512 | ▼ 17.5% |
| Leasing and similar rights25 | €27,706 | €19,114 | €10,522 | €1,930 | ▼ 81.7% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €25,423 | €104,167 | €71,833 | €33,481 | ▼ 53.4% |
| Stocks and contracts in progress3 | €16,302 | €31,569 | €42,160 | €19,942 | ▼ 52.7% |
| Stocks30/36 | €16,302 | €31,569 | €42,160 | €19,942 | ▼ 52.7% |
| Amounts receivable within one year40/41 | €3,817 | €1,317 | €4,106 | €2,000 | ▼ 51.3% |
| Trade receivables40 | €2,500 | - | €4,106 | €2,000 | ▼ 51.3% |
| Other amounts receivable41 | €1,317 | €1,317 | - | - | - |
| Cash at bank and in hand54/58 | €5,304 | €70,107 | €25,480 | €10,583 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | - | €1,174 | €87 | €956 | ▲ 999% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70,336 | €139,478 | €619,677 | €545,656 | ▼ 11.9% |
| Equity10/15 | €22,032 | €74,547 | €78,427 | €66,173 | ▼ 15.6% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €12,032 | €64,547 | €68,427 | €56,173 | ▼ 17.9% |
| Amounts payable17/49 | €48,304 | €64,931 | €541,250 | €479,483 | ▼ 11.4% |
| Amounts payable after more than one year17 | €12,301 | €6,623 | €427,096 | €401,538 | ▼ 6.0% |
| Financial debts170/4 | €12,301 | €6,623 | €427,096 | €401,538 | ▼ 6.0% |
| Amounts payable within one year42/48 | €36,003 | €58,308 | €114,154 | €77,945 | ▼ 31.7% |
| Current portion of amounts payable after more than one year42 | €5,678 | €5,678 | €29,528 | €25,562 | ▼ 13.4% |
| Trade debts44 | €24,351 | €562 | €3,143 | €12,420 | ▲ 295% |
| Suppliers440/4 | €24,351 | €247 | €3,143 | €12,420 | ▲ 295% |
| Bills of exchange payable441 | - | €315 | - | - | - |
| Advances received on contracts in progress46 | - | €39,970 | €58,884 | €30,725 | ▼ 47.8% |
| Taxes, remuneration and social security45 | €5,974 | €10,898 | €4,599 | €1,881 | ▼ 59.1% |
| Taxes450/3 | €4,474 | €10,898 | €4,416 | €1,697 | ▼ 61.6% |
| Remuneration and social security454/9 | €1,500 | - | €183 | €184 | ▲ 0.5% |
| Other amounts payable47/48 | - | €1,200 | €18,000 | €7,357 | ▼ 59.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,032 | €53,715 | €3,880 | -€12,254 | ▼ 416% |
| + Depreciation and write-downs630 | €10,212 | €14,121 | €17,657 | €37,799 | ▲ 114% |
| Operating cash flow (approximation) | €22,244 | €67,836 | €21,537 | €25,545 | ▲ 18.6% |
| Investment in fixed assets (approximation) | - | -€4,519 | -€530,190 | -€2,130 | ▲ 99.6% |
| Change in cash | - | €64,803 | -€44,627 | -€14,897 | ▲ 66.6% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€12,254
Net result drops to -€12,254, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €53,715 ▲346%
Operating result €67,154, net result €53,715, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.79
Current ratio from 0.71 to 1.79.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Quiévrain · 1 establishment unit since 2022
Ground area
932 m²
Parcel 53068A0494/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Kalutech
since 20222.327.246.368
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53068A0494/00A000 | Wallonia | 932 m² | - | - |
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.
Similar companies · same sector, comparable size
PROFIN-INTERNATIONAL
BE 0780.555.436
Zaventem · Eq €66,197
Security4you
BE 0870.896.187
Mechelen · Eq €65,917
Dirk Steen
BE 1006.169.617
Cerfontaine · Eq €66,527
CS Tech
BE 0689.737.702
Neupré · Eq €66,577
m-elek
BE 0701.970.687
Heusden-Zolder · Eq €65,770
Of 4,093 companies in sector 43240 we hold annual accounts for 1,635. 1,361 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
Founded28-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
Contact
Website
www.kalu-tech.com
E-mail
kalutech@outlook.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781298178
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.