CALO
ActiveSummary
The annual accounts of CALO for fiscal year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €6k and a net result of €-17k. Equity is shrinking by ~67.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 7780 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency40▼-26
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.01 against 6.08 in 2024; short-term debt: 7.8% and cash: 10.7% of total assets), but 84.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.1%
Return on assets
-42.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-17k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7780 sector peers (2025).
NBB · sector comparisonPosition among 7780 sector peers
Solvency
better than 23%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 73.9%
2024 · €22k
2023: €36khighest in 3 years
2024: €22k▼ -37.9% vs 2023
2025: €6k▼ -73.9% vs 2024lowest in 3 years
2023 → 2025
Total assets
€39k▼ 28.6%
2024 · €54k
2023: €68khighest in 3 years
2024: €54k▼ -19.6% vs 2023
2025: €39k▼ -28.6% vs 2024lowest in 3 years
2023 → 2025
Net result
€-17k▼ 21.2%
2024 · €-14k
2023: €-14k
2024: €-14k▲ +0.7% vs 2023highest in 3 years
2025: €-17k▼ -21.2% vs 2024lowest in 3 years
2023 → 2025
Working capital
€6k▼ 39.8%
2024 · €10k
2023: €11khighest in 3 years
2024: €10k▼ -10.8% vs 2023
2025: €6k▼ -39.8% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€36k-€22k▼ 37.9%€6k▼ 73.9%
2023: €36khighest in 3 years
2024: €22k▼ -37.9% vs 2023
2025: €6k▼ -73.9% vs 2024lowest in 3 years
Operating result€-12k-€-12k▲ 7.4%€-14k▼ 25.2%
2023: €-12k
2024: €-12k▲ +7.4% vs 2023highest in 3 years
2025: €-14k▼ -25.2% vs 2024lowest in 3 years
Net result€-14k-€-14k▲ 0.7%€-17k▼ 21.2%
2023: €-14k
2024: €-14k▲ +0.7% vs 2023highest in 3 years
2025: €-17k▼ -21.2% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €12k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€29k ▼ 29.6%
Current assets
€9k ▼ 24.7%
Equity and liabilities €39k
Equity
€6k ▼ 73.9%
Debt
€33k ▲ 3.3%
Debt's share of the balance-sheet total rises from 58.7% to 84.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €1k
Cash flow
€-4k▼
2024 · €-1k
Current ratio
3.01▼
2024 · 6.08
Debt to equity
5.63▲
2024 · 1.42
ROE
-283.3%▼
2024 · -61.0%
ROA
-42.7%▼
2024 · -25.2%
Interest coverage
-0.83▼
2024 · 0.48
Debt ≤ 1 year
€3k▲
2024 · €2k
Debt > 1 year
€30k=
2024 · €30k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€39k▼
Formation expenses20€1k€785▼
Fixed assets21/28€41k€29k▼
Intangible fixed assets21€571€280▼
Tangible fixed assets22/27€41k€29k▼
Plant, machinery and equipment23€41k€29k▼
Current assets29/58€12k€9k▼
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€6k€4k▼
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€54k€39k▼
Equity10/15€22k€6k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-28k€-44k▼
Amounts payable17/49€32k€33k▲
Amounts payable after more than one year17€30k€30k=
Other amounts payable178/9€30k€30k=
Amounts payable within one year42/48€2k€3k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€936€368▼
Taxes450/3€936€368▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8-€84
Gross operating margin9900€1k€-2k▼
Operating profit (loss)9901€-12k€-14k▼
Financial charges65/66B€2k€2k=
Recurring financial charges65€2k€2k=
Profit (loss) for the period before taxes9903€-14k€-17k▼
Profit (loss) for the period9904€-14k€-17k▼
Profit (loss) for the period to be appropriated9905€-14k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-44k▼
Profit (loss) brought forward from the previous period14P€-14k€-28k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €13k | €13k | = |
| Other operating charges640/8 | - | - | €84 | - |
| Gross operating margin9900 | €-5k | €1k | €-2k | ▼ 265% |
| Operating profit (loss)9901 | €-12k | €-12k | €-14k | ▼ 25.2% |
| Financial charges65/66B | €1k | €2k | €2k | = |
| Recurring financial charges65 | €1k | €2k | €2k | = |
| Profit (loss) for the period before taxes9903 | €-14k | €-14k | €-17k | ▼ 21.2% |
| Profit (loss) for the period9904 | €-14k | €-14k | €-17k | ▼ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-14k | €-17k | ▼ 21.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €68k | €54k | €39k | ▼ 28.6% |
| Formation expenses20 | €2k | €1k | €785 | ▼ 33.3% |
| Fixed assets21/28 | €53k | €41k | €29k | ▼ 29.6% |
| Intangible fixed assets21 | €863 | €571 | €280 | ▼ 51.0% |
| Tangible fixed assets22/27 | €52k | €41k | €29k | ▼ 29.3% |
| Plant, machinery and equipment23 | €52k | €41k | €29k | ▼ 29.3% |
| Current assets29/58 | €13k | €12k | €9k | ▼ 24.7% |
| Amounts receivable within one year40/41 | €2k | €6k | €4k | ▼ 29.5% |
| Trade receivables40 | €2k | €6k | €4k | ▼ 29.5% |
| Cash at bank and in hand54/58 | €10k | €6k | €4k | ▼ 25.1% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | ▲ 3.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €68k | €54k | €39k | ▼ 28.6% |
| Equity10/15 | €36k | €22k | €6k | ▼ 73.9% |
| Contributions10/11 | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €-14k | €-28k | €-44k | ▼ 60.4% |
| Amounts payable17/49 | €32k | €32k | €33k | ▲ 3.3% |
| Amounts payable after more than one year17 | €30k | €30k | €30k | = |
| Other amounts payable178/9 | €30k | €30k | €30k | = |
| Amounts payable within one year42/48 | €1k | €2k | €3k | ▲ 52.1% |
| Trade debts44 | €1k | €1k | €3k | ▲ 151% |
| Suppliers440/4 | €1k | €1k | €3k | ▲ 151% |
| Taxes, remuneration and social security45 | €276 | €936 | €368 | ▼ 60.6% |
| Taxes450/3 | €276 | €936 | €368 | ▼ 60.6% |
| Accrued charges and deferred income492/3 | €88 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-14k | €-17k | ▼ 21.2% |
| + Depreciation and write-downs630 | €7k | €13k | €13k | = |
| Operating cash flow (approximation) | €-6k | €-1k | €-4k | ▼ 254% |
| Investment in fixed assets (approximation) | - | €-392 | €-392 | = |
| Change in cash | - | €-4k | €-1k | ▲ 68.3% |
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 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Walcourt
Ground area
1,411 m²
Building footprint
258 m²
Parcel 93078C0045/00F000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93078C0045/00F000 | Wallonia | 1,411 m² | 1 · 258 m² | - |
Linked by address, not proof of ownership
Good to know
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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Of 362 companies in sector 82400 we hold annual accounts for 68. 36 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
Founded28-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82400Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.