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Kalvermarkt

Active
Non-profit associationfounded 198937 yrs activeKortrijksesteenweg 534, 9000 Gent, BelgiumKBO/BCE: BE 0441.313.178
Summary

Kalvermarkt has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of -€580,096. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 12% of 641 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisWatch ReportCompare
KalvermarktActiveChecked score 63/100
Risk analysis ReportCompare

Overview

Activity
Residential care activities
NACE 87101
Size
€4.1mturnover 2024
Staff
77.3 FTE
Equity
€1.7m
Loss
-€580,096
Financial health
63 Healthy Checked score 2024
Bankruptcy chance 12 m
1.2%
Structure
Board
6 members
Accounts 66 d overdue1 of 10 deeds read
Why 63- 2 changes of registered office in 24 months- Liquidity: current ratio 0.13, cash €65,471, halved- Figures for FY 2024 (filed 16-07-2025)+ Legal form Non-profit associationShow the evidence

Checked score

Score 2024
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 18% of its sector peers (NACE 87, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 31-57
equity 6.5% of total assets
Liquidity 0-47
short-term debt 92.2% · cash 0.2%
Profitability 11-20
return on assets -2.2%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (538 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%▲ +47.4% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%▲ +10.7% vs 02-2025 04-2025: < 0.1%● 0.0% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%▲ +9.7% vs 06-2025 08-2025: 0.1%▲ +200% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -3.9% vs 01-2026 03-2026: 0.1%▲ +5.1% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.1%▼ -2.9% vs 04-2026 06-2026: 0.4%▲ +278% vs 05-2026 07-2026: 0.4%▲ +2.4% vs 06-2026 08-2026: 0.5%▲ +24.0% vs 07-2026 09-2026: 0.7%▲ +40.6% vs 08-2026 10-2026: 1.2%▲ +82.4% vs 09-2026highest value
  • Legal form Non-profit association lowers the probability
  • 2 changes of registered office in 24 months raises the probability
  • Liquidity: current ratio 0.13, cash €65,471, halved raises the probability
  • Figures for FY 2024 (filed 16-07-2025) raises the probability
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 3.29 in 2023; short-term debt: 92.2% and cash: 0.2% of total assets), and 93.5% 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 87, medium-sized). Better than this share of them on solvency 16%, liquidity 2%, profitability 9%, growth against the median 44%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Liquidity: current ratio 0.13, cash €65,471, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 16-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 641 sector peers (2024).
NBB · sector comparison
Position among 641 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
21 d early
2023
37 d early
2022
49 d early
2021
13 d early
2020
2 d early
2019
39 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 14 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 25% of the sector filed late.

Checked, nothing found (1)
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. Appointments: Geoffrey de Hemptine, Georges Cloquet…Resignations: Raphaël De Rycke, Ludo…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Weakest financial yearnet -€580,096

Key points

  • Caution: From profit to loss in 2024after €63,390 in 2023 -€580,096 View
  • Caution: Among the weakest 6% on net resultsector median €109,343 · 643 companies -€580,096 View
  • Caution: Board changedlatest change 06-05-2026 · 6 in office 5 joined · 9 left View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Positive: 5 years of growth in a rowturnover 2024: €4.1m 5 years View
  • Branch transferred to Evara (voordien: Organisatie Broeders van…contribution on 01-01-2025 2025 View
  • Flemish supportawarded 2022 - 2025 €2.4m View

By topic

Financials

Fiscal year
2024
Turnover
€4.1m
Loss
-€580,096
Solvency
6.5%
Turnover▲ 5.9%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2016
  1. 06-05-2026Appointments: Geoffrey de Hemptine, Georges Cloquet and…
  2. 10-07-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Legal form
Non-profit association
Activity
Residential care activitiesNACE 87101
Founded
06-09-1989
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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