CALSA
ActiveSummary
CALSA has been active since 1950 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.67M and a net result of €999k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-3
Solvency76▲+1
Growth68▼-6
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.38 in 2023; short-term debt: 35.2% and cash: 9.9% of total assets), and 48.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.4%
Return on assets
5.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
42 d early
2022
39 d early
2021
34 d early
2020
31 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€50.24M▼ 18.3%
2023 · €61.48M
2018: €37.40M
2019: €39.70M
2020: €42.30M
2021: €50.34M
2022: €51.02M
2023: €61.48M
2018 → 2024
EBIT margin
2.8%▼ 0.7pp
2023 · 3.5%
2018: 1.6%
2019: 1.7%
2020: 1.8%
2021: 2.2%
2022: 2.3%
2023: 3.5%
2018 → 2024
Net result
€999k▼ 33.2%
2023 · €1.50M
2018: €393k
2019: €483k
2020: €550k
2021: €806k
2022: €868k
2023: €1.50M
2018 → 2024
Working capital
€2.64M▲ 7.5%
2023 · €2.45M
2018: €197k
2019: €1.11M
2020: €1.24M
2021: €1.65M
2022: €1.72M
2023: €2.45M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€42.30M-€50.34M▲ 19.0%€51.02M▲ 1.4%€61.48M▲ 20.5%€50.24M▼ 18.3%
Equity€5.58M-€6.26M▲ 12.1%€6.95M▲ 11.1%€8.22M▲ 18.3%€8.67M▲ 5.5%
Operating result€774k-€1.11M▲ 43.3%€1.20M▲ 7.8%€2.16M▲ 80.4%€1.39M▼ 35.4%
Net result€550k-€806k▲ 46.7%€868k▲ 7.6%€1.50M▲ 72.4%€999k▼ 33.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.88M
Fixed assets
€8.30M ▲ 11.9%
Current assets
€8.58M ▼ 4.1%
Equity and liabilities €16.88M
Equity
€8.67M ▲ 5.5%
Provisions
€4k ▼ 93.1%
Debt
€8.20M ▲ 1.4%
Debt's share of the balance-sheet total falls from 49.4% to 48.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.99M▼
2023 · €2.51M
Cash flow
€1.59M▼
2023 · €1.85M
Current ratio
1.44▲
2023 · 1.38
Quick ratio
1.36▲
2023 · 1.32
Debt to equity
0.95▼
2023 · 0.98
ROE
11.5%▼
2023 · 18.2%
ROA
5.9%▼
2023 · 9.1%
Interest coverage
21.66▼
2023 · 25.40
Debt ≤ 1 year
€5.95M▼
2023 · €6.50M
Debt > 1 year
€2.26M▲
2023 · €1.59M
Income taxes
€398k▼
2023 · €580k
Staff costs
€1.32M▼
2023 · €1.57M
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 · 2024 against 2023 · 98 lines
Balance sheet
Code20232024
Assets
Total assets20/58€16.36M€16.88M▲
Fixed assets21/28€7.41M€8.30M▲
Intangible fixed assets21€475k€413k▼
Tangible fixed assets22/27€4.79M€5.98M▲
Land and buildings22€4.47M€5.67M▲
Plant, machinery and equipment23€114k€99k▼
Furniture and vehicles24€135k€167k▲
Leasing and similar rights25€75k€45k▼
Assets under construction and advance payments27€0-
Financial fixed assets28€2.15M€1.90M▼
Affiliated companies280/1€2.14M€1.90M▼
Participating interests280€655k€0▼
Amounts receivable281€1.49M€1.90M▲
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€8.95M€8.58M▼
Amounts receivable after more than one year29€74k€117k▲
Trade receivables290€74k€117k▲
Stocks and contracts in progress3€397k€513k▲
Stocks30/36€397k€513k▲
Raw materials and consumables30/31€113k€143k▲
Goods purchased for resale34€284k€369k▲
Amounts receivable within one year40/41€6.47M€6.24M▼
Trade receivables40€5.90M€5.67M▼
Other amounts receivable41€576k€572k▼
Current investments50/53€218k€0▼
Other investments51/53€218k€0▼
Cash at bank and in hand54/58€1.76M€1.66M▼
Deferred charges and accrued income490/1€32k€46k▲
Equity and liabilities
Total equity and liabilities10/49€16.36M€16.88M▲
Equity10/15€8.22M€8.67M▲
Contributions10/11€350k€350k=
Capital10€350k€350k=
Issued capital100€350k€350k=
Revaluation surpluses12€2.83M€2.75M▼
Reserves13€5.05M€5.57M▲
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€150k€168k▲
Distributable reserves133€4.86M€5.37M▲
Provisions and deferred taxes16€59k€4k▼
Provisions for liabilities and charges160/5€59k€0▼
Other liabilities and charges164/5€59k€0▼
Deferred taxes168-€4k
Amounts payable17/49€8.09M€8.20M▲
Amounts payable after more than one year17€1.59M€2.26M▲
Financial debts170/4€1.59M€2.26M▲
Leasing and similar obligations172€37k€9k▼
Credit institutions173€1.55M€2.25M▲
Amounts payable within one year42/48€6.50M€5.95M▼
Current portion of amounts payable after more than one year42€559k€707k▲
Trade debts44€4.60M€3.75M▼
Suppliers440/4€4.60M€3.75M▼
Advances received on contracts in progress46€436k€427k▼
Taxes, remuneration and social security45€555k€486k▼
Taxes450/3€347k€368k▲
Remuneration and social security454/9€208k€119k▼
Other amounts payable47/48€355k€575k▲
Income statement
Code20232024
Operating income70/76A€61.97M€50.99M▼
Turnover70€61.48M€50.24M▼
Other operating income74€443k€671k▲
Non-recurring operating income76A€43k€82k▲
Operating charges60/66A€59.81M€49.60M▼
Goods for resale, raw materials and consumables60€52.59M€42.67M▼
Purchases600/8€52.56M€42.78M▼
Change in stocks: decrease (increase)609€32k€-115k▼
Services and other goods61€5.11M€4.98M▼
Remuneration, social security and pensions62€1.57M€1.32M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€350k€595k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€39k€8k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€59k€-59k▼
Other operating charges640/8€82k€48k▼
Non-recurring operating charges66A€13k€42k▲
Operating profit (loss)9901€2.16M€1.39M▼
Financial income75/76B€66k€117k▲
Recurring financial income75€66k€117k▲
Income from financial fixed assets750€38k€60k▲
Income from current assets751€15k€1k▼
Other financial income752/9€13k€56k▲
Financial charges65/66B€147k€113k▼
Recurring financial charges65€147k€113k▼
Debt charges650€99k€92k▼
Other financial charges652/9€48k€22k▼
Profit (loss) for the period before taxes9903€2.08M€1.40M▼
Transfer from deferred taxes780-€962
Income taxes67/77€580k€398k▼
Taxes670/3€581k€398k▼
Tax adjustments and reversals of tax provisions77€1k€0▼
Profit (loss) for the period9904€1.50M€999k▼
Transfer from tax-exempt reserves789€11k€9k▼
Transfer to tax-exempt reserves689€17k€0▼
Profit (loss) for the period to be appropriated9905€1.49M€1.01M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.49M€1.01M▼
Transfer to equity691/2€1.25M€433k▼
To other reserves6921€1.25M€433k▼
Profit to be distributed694/7€237k€575k▲
Return on contributions (dividend)694€237k€575k▲
Social balance
Average headcount (FTE)908720.916.8▼
The notes to these accounts (109 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-09
State Gazette act
Permanent representatives: Jens Vanden Driessche and Jeroen BUYCKReappointment: Auditas Assurance Partners (statutory auditor)4 facts ▸
State Gazette act
Permanent representatives: Jens Vanden Driessche and Jeroen BUYCK
Reappointment: Auditas Assurance Partners (statutory auditor)4 facts ▸
- General meeting, 06-06-2026
- Permanent representative, Jens Vanden Driessche (representative)
- Permanent representative, Jeroen BUYCK (permanent representative)
- Auditor reappointment, Auditas Assurance Partners (statutory auditor)
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.50M ▲72.4%
Operating result €2.16M, net result €1.50M, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €5MEq €5.21M ▲6.1%
2 profitable years in a row build equity to €5.21M.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ardooie · 1 establishment unit since 1952
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.
Roeselaarsestraat 98850 ArdooieGround area
1,295 m²
Building footprint
197 m²
Volume, LiDAR
1,309 m³
Parcel 36001E0491/00W000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Roeselaarsestraat 9 B, 8850 Ardooie
since 19522.005.337.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001E0491/00W000 | Flanders | 1,295 m² | 1 · 197 m² | 11.8 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.
Statutory auditor
1 auditor| Auditas Assurance PartnersCurrent Statutory auditor · represented by Jens Vanden Driessche | 23-09-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.005.337.220
Legal Entity Identifier
549300SL8BYI050M4O21
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Of 956 companies in sector 46319 we hold annual accounts for 609. 205 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 formPublic limited company
Founded17-02-1950
Fiscal year end31-12
Abbreviation NL
C.A.L.S.A.
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
46216Wholesale of agricultural produce and animal feed, general range
46460Wholesale of pharmaceutical and medical goods
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.