ACTIVE

CALMAN

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Financial year 2025 · closed on 31/12/2025
Net result
4,8 M €
-1.5% YoY
Revenue
8,5 M €
+26.3% YoY
Equity
19,2 M €
+19.4% YoY
Workforce
11,6 ETP
+8.4% YoY

What does CALMAN do?

CALMAN is a Private limited company incorporated in 2019. Its main activity is: Activities of head offices. Its registered office is in Waregem. It employs on average 11,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0736.497.343
Incorporation
11/09/2019
Legal form
Private limited company
Registered office
Industrielaan 21
8790 Waregem · FlandreSee on map
Contributed capital
2 987 145,14 €
Latest accounts
31/12/2025
Average workforce
11,6 ETP
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (1)
  • 209
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue8,5 M €6,8 M €4,2 M €2,3 M €3,3 M €
EBITDA5,1 M €4,5 M €2,3 M €592,3 k €1,4 M €
Operating result5,1 M €4,5 M €2,2 M €586,5 k €1,4 M €
Net result4,8 M €4,8 M €3,5 M €1,3 M €2,2 M €
Balance sheet
Equity19,2 M €16,1 M €13 M €10,9 M €10,8 M €
Total assets23,9 M €18,1 M €14,6 M €12,9 M €13 M €
Cash2,2 M €497,5 k €1,2 M €352,6 k €1,3 M €
Debts4,5 M €1,9 M €1,6 M €2 M €2,2 M €
Other
Workforce11,6 ETP10,7 ETP8,3 ETP7,8 ETP7,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

DYNAMIC

Director · since 11 septembre 2019 · 0474.083.144

Represented by Annick CALLENS

Active
MEWIMAN

Director · since 11 septembre 2019 · 0806.581.724

Represented by Windy MOERMAN

Active

Ended mandates

DYNAMIC

Director · since 11 septembre 2019 · 0474.083.144

Represented by Callens Annick

Ended
MEWIMAN

Director · since 11 septembre 2019 · 0806.581.724

Represented by Moerman Windy

Ended
At this address

Other companies at this address

CompanyCBE no.
callensvyncke● Active
0821.383.528
CALLENS WILLY● Active
0419.765.520
CALMAN IMMO● Active
0474.067.308
Groep Callens● Active
0748.705.881
Optimum by Callens● Active
1006.587.311
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202608/07/202503/07/202429/06/202310/08/202223/07/2021
General meeting30/06/202628/06/202529/06/202424/06/202314/07/202219/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202601/07/2026DutchPDF
Full model31/12/202428/06/202508/07/2025DutchPDF
m122-f-p31/12/202416/07/202524/07/2025DutchPDF
Full model31/12/202329/06/202403/07/2024DutchPDF
m122-f-p31/12/202329/06/202403/07/2024DutchPDF
Full model31/12/202224/06/202329/06/2023DutchPDF
m122-f-p31/12/202230/06/202305/07/2023DutchPDF
Full model31/12/202114/07/202210/08/2022DutchPDF
m122-f-p31/12/202114/07/202211/08/2022DutchPDF
Full model31/12/202019/07/202123/07/2021DutchPDF
m122-f-p31/12/202019/07/202120/07/2021DutchPDF
Full model31/12/201927/06/202015/07/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

DYNAMIC

Director · since 11 septembre 2019 · 0474.083.144

Represented by Annick CALLENS

Active
MEWIMAN

Director · since 11 septembre 2019 · 0806.581.724

Represented by Windy MOERMAN

Active

Ended mandates

DYNAMIC

Director · since 11 septembre 2019 · 0474.083.144

Represented by Callens Annick

Ended
MEWIMAN

Director · since 11 septembre 2019 · 0806.581.724

Represented by Moerman Windy

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/10/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20254,8 M €↓
  2. 2024
    Annual accounts 20244,8 M €↑
  3. 2023
    Annual accounts 20233,5 M €↑
  4. 2022
    Annual accounts 20221,3 M €↓
  5. 2021
    Annual accounts 20212,2 M €
  6. 11/09/2019
    IncorporationPrivate limited company