TRAGEL CALOR
ActiveTRAGEL CALOR has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €18k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 87% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-7
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 6.0 against 6.36 in 2024; short-term debt: 16.5% and cash: 88.1% of total assets), and 17.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
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
82.5%
Return on assets
7%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
77 d early
2023
47 d early
2022
25 d early
2021
48 d early
2020
71 d early
2019
49 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€209k▲ 9.2%
2024 · €192k
2018: €106k
2019: €114k
2020: €142k
2021: €153k
2022: €169k
2023: €164k
2024: €192k
2018 → 2025
Total assets
€254k▲ 11.0%
2024 · €229k
2018: €125k
2019: €163k
2020: €174k
2021: €172k
2022: €190k
2023: €192k
2024: €229k
2018 → 2025
Net result
€18k▼ 36.0%
2024 · €28k
2018: €25k
2019: €8k
2020: €27k
2021: €11k
2022: €16k
2023: €-5k
2024: €28k
2018 → 2025
Working capital
€209k▲ 10.4%
2024 · €189k
2018: €105k
2019: €103k
2020: €134k
2021: €147k
2022: €164k
2023: €164k
2024: €189k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€169k▲ 10.3%€164k▼ 2.8%€192k▲ 16.9%€209k▲ 9.2%
Operating result€21k-€21k▲ 2.8%€-4k€38k€26k▼ 31.6%
Net result€11k-€16k▲ 41.0%€-5k€28k€18k▼ 36.0%
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 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€3k▼ 27.7%
Current assets
€251k▲ 11.7%
Equity and liabilities €254k
Equity
€209k▲ 9.2%
Debt
€44k▲ 20.1%
The debt ratio rises from 16.2% to 17.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €39k
Cash flow
€19k▼
2024 · €28k
Solvency
82.5%▼
2024 · 83.8%
Current ratio
6.00▼
2024 · 6.36
Quick ratio
5.67▼
2024 · 5.96
Debt / equity
0.21▲
2024 · 0.19
ROE
8.5%▼
2024 · 14.4%
ROA
7.0%▼
2024 · 12.1%
Interest coverage
9.81▼
2024 · 20.96
Debt
€44k▲
2024 · €37k
Debt ≤ 1 year
€42k▲
2024 · €35k
Income taxes
€7k▼
2024 · €10k
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€229k€254k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€0-
Current assets29/58€225k€251k▲
Stocks and contracts in progress3€14k€14k▼
Stocks30/36€14k€14k▼
Amounts receivable within one year40/41€26k€12k▼
Trade receivables40€25k€11k▼
Other amounts receivable41€570€1k▲
Cash at bank and in hand54/58€183k€224k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€229k€254k▲
Equity10/15€192k€209k▲
Contributions10/11€19k€19k=
Reserves13€173k€191k▲
Distributable reserves133€173k€191k▲
Amounts payable17/49€37k€44k▲
Amounts payable within one year42/48€35k€42k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€5k€740▼
Suppliers440/4€5k€740▼
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€26k€41k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€616€1k▲
Other operating charges640/8€903€982▲
Gross operating margin9900€39k€28k▼
Operating profit (loss)9901€38k€26k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€37k€24k▼
Income taxes67/77€10k€7k▼
Profit (loss) for the period9904€28k€18k▼
Profit (loss) for the period to be appropriated9905€28k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€18k▼
Transfer from equity791/2€0-
Transfer to equity691/2€28k€18k▼
To other reserves6921€28k€18k▼
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €209k ▲9.2%
2 profitable years in a row build equity to €209k.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼130%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €153k ▲7.9%
4 profitable years in a row build equity to €153k.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lede · 1 establishment unit since 1978
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.
Hofstraat 79340 LedeGround area
93 m²
Building footprint
90 m²
Volume, LiDAR
566 m³
Parcel 41075A0274/00E003, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hofstraat 7, 9340 Lede
since 19782.015.324.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41075A0274/00E003 | Flanders | 93 m² | 1 · 90 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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ELEKTRICITEIT CNOCKAERT STEPHAAN
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TOM VAN DEN BOER
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FRANQUELLI REMO
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,786 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-1978
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.