CALINE KUST
ActiveSummary
CALINE KUST has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €34k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-6
Solvency53▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.5 in 2024; short-term debt: 67.9% and cash: 1.5% of total assets), and 72.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 47
Relative position
BE, all sectors
reference
Sector 47
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
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
29 d late
2024
27 d late
2023
28 d late
2022
30 d late
2021
59 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€134k▼ 30.6%
2024 · €193k
2019: €98k
2020: €160k
2021: €178k
2022: €116k
2023: €133k
2024: €193k
2019 → 2025
Total assets
€484k▼ 12.0%
2024 · €550k
2019: €494k
2020: €471k
2021: €475k
2022: €458k
2023: €515k
2024: €550k
2019 → 2025
Net result
€34k▼ 43.9%
2024 · €60k
2019: €34k
2020: €74k
2021: €19k
2022: €-62k
2023: €18k
2024: €60k
2019 → 2025
Working capital
€60k▼ 58.8%
2024 · €146k
2019: €124k
2020: €170k
2021: €186k
2022: €230k
2023: €127k
2024: €146k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€178k-€116k▼ 34.6%€133k▲ 14.5%€193k▲ 44.7%€134k▼ 30.6%
Operating result€36k-€-51k€18k€77k▲ 337%€59k▼ 22.3%
Net result€19k-€-62k€18k€60k▲ 241%€34k▼ 43.9%
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 falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484k
Fixed assets
€95k ▼ 14.4%
Current assets
€389k ▼ 11.3%
Equity and liabilities €484k
Equity
€134k ▼ 30.6%
Debt
€350k ▼ 1.9%
Debt's share of the balance-sheet total rises from 64.9% to 72.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€77k▼
2024 · €94k
Cash flow
€52k▼
2024 · €77k
Current ratio
1.18▼
2024 · 1.50
Quick ratio
0.10▼
2024 · 0.17
Debt to equity
2.61▲
2024 · 1.85
ROE
25.3%▼
2024 · 31.3%
ROA
7.0%▼
2024 · 11.0%
Interest coverage
5.77▼
2024 · 9.22
Debt ≤ 1 year
€329k▲
2024 · €293k
Debt > 1 year
€19k▼
2024 · €63k
Income taxes
€15k▲
2024 · €9k
Staff costs
€75k▼
2024 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€550k€484k▼
Fixed assets21/28€111k€95k▼
Intangible fixed assets21€1k€524▼
Tangible fixed assets22/27€110k€94k▼
Plant, machinery and equipment23€6k€3k▼
Other tangible fixed assets26€104k€91k▼
Financial fixed assets28€250€250=
Current assets29/58€438k€389k▼
Stocks and contracts in progress3€390k€357k▼
Stocks30/36€390k€357k▼
Amounts receivable within one year40/41€12k€15k▲
Trade receivables40€2k€4k▲
Other amounts receivable41€11k€11k▲
Cash at bank and in hand54/58€30k€7k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€550k€484k▼
Equity10/15€193k€134k▼
Contributions10/11€20k€20k=
Reserves13€189k€130k▼
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€187k€128k▼
Profit (loss) carried forward14€-16k€-16k▲
Amounts payable17/49€357k€350k▼
Amounts payable after more than one year17€63k€19k▼
Financial debts170/4€63k€19k▼
Amounts payable within one year42/48€293k€329k▲
Current portion of amounts payable after more than one year42€43k€47k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€106k€84k▼
Suppliers440/4€106k€84k▼
Taxes, remuneration and social security45€24k€20k▼
Taxes450/3€15k€16k▲
Remuneration and social security454/9€9k€4k▼
Other amounts payable47/48€19k€79k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€86k€75k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€182k€155k▼
Operating profit (loss)9901€77k€59k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€70k€48k▼
Income taxes67/77€9k€15k▲
Profit (loss) for the period9904€60k€34k▼
Profit (loss) for the period to be appropriated9905€60k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€18k▼
Profit (loss) brought forward from the previous period14P€-16k€-16k▲
Transfer from equity791/2-€93k
Transfer to equity691/2€59k€34k▼
To contributions691€0-
To other reserves6921€59k€34k▼
Profit to be distributed694/7€833€93k▲
Return on contributions (dividend)694€833€93k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
31-01
Financial
Equity above €150kEq €193k ▲44.7%
2 profitable years in a row build equity to €193k.
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
31-01
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
31-01
Financial
Weakest financial yearnet €-62k ▼430%
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
31-01
Financial
Highest result since 2019net €74k ▲120%
Operating result €121k, net result €74k, both a record.
31-01
Financial
Equity above €150kEq €160k ▲63.2%
2 profitable years in a row build equity to €160k.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2016
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Koksijde · 1 establishment unit since 2021
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.
Elzenlaan(Kok) 238670 KoksijdeGround area
296 m²
Building footprint
63 m²
Volume, LiDAR
394 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lingerie Caline
since 20212.322.414.283
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014F0368/00K000 | Flanders | 268 m² | 1 · 63 m² | 8.8 m · 2 fl. |
| 38402D0371/00D000 | Flanders | 28 m² | - | - |
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.
Similar companies · same sector, comparable size
CODIVA
BE 0447.291.744
Gent · Eq €136,128
Verbeek Zolder
BE 0462.641.005
Heusden-Zolder · Eq €136,146
intimo
BE 0562.824.088
Mol · Eq €131,404
GEFISCO
BE 0431.845.384
Herve · Eq €131,121
TEHEMCE
BE 0449.045.662
Ronse · Eq €136,709
Of 519 companies in sector 47714 we hold annual accounts for 263. 223 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2011
Fiscal year end31-01
Activities, NACEBEL 2025
47714Retail trade
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.