Summary
SCALEF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €160,312 and a net result of €4,259. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 84% of 109 sector peers (fiscal year 2026). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-09-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
60 d early
2025
50 d early
2024
on the day
2023
40 d early
2022
39 d early
2021
52 d early
2020
44 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 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
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 2026, abbreviated schema
Equity
€160,312▼ 5.0%
2025 · €168,773
Net result
€4,259▲ 2.3%
2025 · €4,162
Total assets
€174,552▲ 0.9%
2025 · €172,993
Solvency
91.8%▼ 5.7pp
2025 · 97.6%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€3,362▼ 91.0%-€680€103,122-€1,144€5,750
Net result€38,163▲ 219%-€704€76,698€4,162▼ 94.6%€4,259▲ 2.3%
Equity€200,336▲ 16.0%€172,632▼ 13.8%€168,331▼ 2.5%€168,773▲ 0.3%€160,312▼ 5.0%
Total assets€230,800▼ 15.6%€219,843▼ 4.7%€288,631▲ 31.3%€172,993▼ 40.1%€174,552▲ 0.9%
Debt€30,464▼ 69.8%€47,211▲ 55.0%€120,300▲ 155%€4,220▼ 96.5%€14,240▲ 237%
Working capital€200,336▲ 16.0%€172,632▼ 13.8%€168,331▼ 2.5%€168,773▲ 0.3%€160,312▼ 5.0%
Solvency86.8%▲ 23.7pp78.5%▼ 8.3pp58.3%▼ 20.2pp97.6%▲ 39.2pp91.8%▼ 5.7pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €5,750 after a loss of €1,144 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €174,552
Equity
€160,312 ▼ 5.0%
Debt
€14,240 ▲ 237%
Debt's share of the balance-sheet total rises from 2.4% to 8.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
2.7%▲
2025 · 2.5%
ROA
2.4%▲
2025 · 2.4%
Debt ≤ 1 year
€14,240▲
2025 · €4,220
Income taxes
€1,622▲
2025 · -€175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €979 | €460 | €104,011 | €655 | €528 | ▼ 19.5% |
| Gross operating margin9900 | €4,341 | -€221 | €207,133 | -€489 | €6,278 | ▲ 1,384% |
| Operating profit (loss)9901 | €3,362 | -€680 | €103,122 | -€1,144 | €5,750 | ▲ 603% |
| Financial income75/76B | €55,687 | - | €12,700 | €5,390 | €177 | ▼ 96.7% |
| Recurring financial income75 | €55,687 | - | €12,700 | €5,390 | €177 | ▼ 96.7% |
| Non-recurring financial income76B | - | - | €12,700 | €5,390 | - | - |
| Financial charges65/66B | €1,016 | €24 | €225 | €259 | €45 | ▼ 82.5% |
| Recurring financial charges65 | €1,016 | €24 | €225 | €259 | €45 | ▼ 82.5% |
| Profit (loss) for the period before taxes9903 | €58,033 | -€704 | €115,596 | €3,987 | €5,881 | ▲ 47.5% |
| Income taxes67/77 | €19,870 | - | €38,898 | -€175 | €1,622 | ▲ 1,027% |
| Profit (loss) for the period9904 | €38,163 | -€704 | €76,698 | €4,162 | €4,259 | ▲ 2.3% |
| Transfer from tax-exempt reserves789 | €10,464 | €27,000 | €81,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €48,627 | €26,296 | €157,698 | €4,162 | €4,259 | ▲ 2.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,800 | €219,843 | €288,631 | €172,993 | €174,552 | ▲ 0.9% |
| Current assets29/58 | €230,800 | €219,843 | €288,631 | €172,993 | €174,552 | ▲ 0.9% |
| Stocks and contracts in progress3 | €29,207 | €108,204 | €8,550 | - | - | - |
| Stocks30/36 | €29,207 | €108,204 | €8,550 | - | - | - |
| Amounts receivable within one year40/41 | €20,015 | €110 | €64,104 | €1 | €5 | ▲ 657% |
| Trade receivables40 | €20,000 | - | €64,049 | - | - | - |
| Other amounts receivable41 | €15 | €110 | €56 | €1 | €5 | ▲ 657% |
| Cash at bank and in hand54/58 | €181,578 | €111,529 | €215,976 | €172,992 | €174,547 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,800 | €219,843 | €288,631 | €172,993 | €174,552 | ▲ 0.9% |
| Equity10/15 | €200,336 | €172,632 | €168,331 | €168,773 | €160,312 | ▼ 5.0% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €20,460 | €20,460 | €20,460 | = |
| Share premium1100/10 | - | - | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €159,778 | €132,778 | €124,618 | €124,618 | €115,618 | ▼ 7.2% |
| Non-distributable reserves130/1 | €156,360 | €129,360 | €121,200 | €121,200 | €112,200 | ▼ 7.4% |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | €154,500 | €127,500 | €121,200 | €121,200 | €112,200 | ▼ 7.4% |
| Distributable reserves133 | €3,418 | €3,418 | €3,418 | €3,418 | €3,418 | = |
| Profit (loss) carried forward14 | €21,959 | €21,255 | €23,253 | €23,695 | €24,234 | ▲ 2.3% |
| Amounts payable17/49 | €30,464 | €47,211 | €120,300 | €4,220 | €14,240 | ▲ 237% |
| Amounts payable within one year42/48 | €30,464 | €47,211 | €120,300 | €4,220 | €14,240 | ▲ 237% |
| Trade debts44 | - | €211 | - | - | - | - |
| Suppliers440/4 | - | €211 | - | - | - | - |
| Taxes, remuneration and social security45 | €20,523 | €21,350 | €39,300 | €500 | €1,520 | ▲ 204% |
| Taxes450/3 | €20,523 | €21,350 | €39,300 | €500 | €1,520 | ▲ 204% |
| Other amounts payable47/48 | €9,941 | €25,650 | €81,000 | €3,720 | €12,720 | ▲ 242% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,163 | -€704 | €76,698 | €4,162 | €4,259 | ▲ 2.3% |
| Operating cash flow (approximation) | €38,163 | -€704 | €76,698 | €4,162 | €4,259 | ▲ 2.3% |
| Change in cash | - | -€70,049 | €104,447 | -€42,984 | €1,555 | ▲ 104% |
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 2027, expected by
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 17current ratio 40.99
Current ratio from 2.40 to 40.99; short-term debt falls from €120,300 to €4,220.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €76,698
Net result €76,698 after one loss-making year.
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€704
Net result drops to -€704, the lowest in the series; recovery starts the following year.
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 7.58
Current ratio from 2.71 to 7.58; short-term debt falls from €100,843 to €30,464.
31-03
Financial
Equity above €200,000Eq €200,336 ▲16%
2 profitable years in a row build equity to €200,336.
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €11,982
Net result €11,982 after one loss-making year.
Show earlier events
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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
4 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, Waregem · 1 establishment unit since 2007
Ground area
1.7 ha
Building footprint
3,549 m²
Volume, LiDAR
15,169 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Eurotra International
since 20072.162.103.373
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0051/00A002 | Flanders | 1.3 ha | 1 · 2,875 m² | 8.1 m · 2 fl. |
| 34035A0544/00A000 | Flanders | 3,893 m² | 1 · 674 m² | 3.9 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
GTD
BE 1002.630.404
Rijkevorsel · Eq €160,279
Multicall Group
BE 0773.593.311
Erpe-Mere · Eq €160,260
FADEVO
BE 0741.540.452
Merelbeke-Melle · Eq €160,375
DS JARANN
BE 0683.486.150
Hoegaarden · Eq €160,409
Givenco
BE 0836.869.973
Keerbergen · Eq €160,200
Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 13,334 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
Founded25-04-2007
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.