La Calestienne
ActiveLa Calestienne has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512k and a net result of €-195k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 30% of 87 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency72▲+11
Growth32▼-14
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity ample (current ratio 2.28 against 1.05 in 2024), but 68.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€195k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 filingsDeviation from the deadline
2025
38 d late
2024
23 d early
2023
26 d early
2022
26 d early
2021
9 d late
2020
26 d early
2019
21 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€591k▲ 17.1%
2022 · €504k
2018: €603k
2019: €429k
2020: €356k
2021: €464k
2022: €504k
2018 → 2023
EBIT margin
1.2%▼ 2.0pp
2022 · 3.3%
2018: 22.8%
2019: -0.1%
2020: 34.3%
2021: 12.2%
2022: 3.3%
2018 → 2023
Net result
€-195k▼ 164%
2024 · €-74k
2018: €202k
2019: €-7k
2020: €114k
2021: €47k
2022: €8k
2023: €315
2024: €-74k
2018 → 2025
Working capital
€293k▲ 679%
2024 · €38k
2018: €266k
2019: €187k
2020: €264k
2021: €348k
2022: €337k
2023: €221k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€464k-€504k▲ 8.7%€591k▲ 17.1%
Equity€784k-€786k▲ 0.2%€781k▼ 0.6%€707k▼ 9.5%€512k▼ 27.5%
Operating result€56k-€16k▼ 70.9%€7k▼ 56.4%€-66k€-186k▼ 183%
Net result€47k-€8k▼ 83.6%€315▼ 96.0%€-74k€-195k▼ 164%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €186k in 2025 against €66k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€966k▼ 3.5%
Current assets
€521k▼ 38.4%
Equity and liabilities €1.63M
Equity
€512k▼ 27.5%
Provisions
€20k=
Debt
€1.10M▼ 2.1%
The debt ratio rises from 60.6% to 67.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-122k▼
2024 · €-12k
Cash flow
€-131k▼
2024 · €-20k
Solvency
31.5%▼
2024 · 38.3%
Current ratio
2.28▲
2024 · 1.05
Quick ratio
2.03▲
2024 · 0.72
Debt / equity
2.14▲
2024 · 1.58
ROE
-38.0%▼
2024 · -10.5%
ROA
-12.0%▼
2024 · -4.0%
Interest coverage
-13.57▼
2024 · -1.40
Debt
€1.10M▼
2024 · €1.12M
Debt ≤ 1 year
€228k▼
2024 · €809k
Debt > 1 year
€867k▲
2024 · €311k
Income taxes
€995▲
2024 · €910
Staff costs
€1.22M▲
2024 · €1.18M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.85M€1.63M▼
Formation expenses20-€142k
Fixed assets21/28€1.00M€966k▼
Tangible fixed assets22/27€978k€943k▼
Land and buildings22€902k€878k▼
Plant, machinery and equipment23€22k€22k▼
Furniture and vehicles24€53k€43k▼
Financial fixed assets28€23k€23k=
Current assets29/58€847k€521k▼
Stocks and contracts in progress3€267k€57k▼
Stocks30/36€26k€30k▲
Contracts in progress37€241k€27k▼
Amounts receivable within one year40/41€526k€418k▼
Trade receivables40€194k€123k▼
Other amounts receivable41€332k€295k▼
Cash at bank and in hand54/58€51k€44k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.63M▼
Equity10/15€707k€512k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Reserves13€701k€514k▼
Profit (loss) carried forward14€0€-8k▼
Provisions and deferred taxes16€20k€20k=
Provisions for liabilities and charges160/5€20k€20k=
Environmental obligations163€20k-
Other liabilities and charges164/5-€20k
Amounts payable17/49€1.12M€1.10M▼
Amounts payable after more than one year17€311k€867k▲
Financial debts170/4€311k€277k▼
Other amounts payable178/9-€591k
Amounts payable within one year42/48€809k€228k▼
Current portion of amounts payable after more than one year42€34k€34k▲
Trade debts44€171k€76k▼
Suppliers440/4€171k€76k▼
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€133k€110k▼
Taxes450/3€6k€1▼
Remuneration and social security454/9€127k€110k▼
Accrued charges and deferred income492/3€191€576▲
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€1.18M€1.22M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€64k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€71
Gross operating margin9900€1.17M€1.10M▼
Operating profit (loss)9901€-66k€-186k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€-73k€-194k▼
Income taxes67/77€910€995▲
Profit (loss) for the period9904€-74k€-195k▼
Profit (loss) for the period to be appropriated9905€-74k€-195k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-200k▼
Profit (loss) brought forward from the previous period14P€18k€-6k▼
From contributions791€56k€193k▲
Social balance
Average headcount (FTE)908717.015.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 38 days late
2025
31-12
Financial
Weakest financial yearnet €-195k
Net result drops to €-195k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.28
Current ratio from 1.05 to 2.28; short-term debt falls from €809k to €228k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €114k
Net result €114k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Beauraing · 2 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Faubourg Saint-Martin 225570 BeauraingGround area
2,060 m²
Building footprint
802 m²
Volume, LiDAR
5,660 m³
2 parcels, Wallonia · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
La Calestienne
since 19952.162.955.983
Calestienne Boulangerie
since 20212.316.326.940
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91013B0165/00E002 | Wallonia | 1,690 m² | 1 · 694 m² | 13.1 m · 2 fl. |
| 91013B0637/00C002 | Wallonia | 370 m² | 1 · 108 m² | 7.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
7 categoriesLa Calestienne ASBL30173
Food safety, FASFC
2 sitesBeauraing2.316.326.940
Beauraing2.162.955.983
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Of 607 companies in sector 02100 we hold annual accounts for 212. 151 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded20-03-1995
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
80421
85592Vocational training
01410Raising of dairy cattle
55201Accommodation
55210
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:082711052