50five CAAS
ActiveSummary
The computed 12-month bankruptcy probability of 50five CAAS is 2.0% (moderate). The 2025 annual accounts show negative equity (-€229,332) and a net result of -€46,179. Its solvency ranks better than 5% of 190 sector peers (NACE 33, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-09-2023 Normal situation
- Registered office
- 12 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Installation of industrial machinery and equipment NACE 33200
- Establishment unit
- 2.349.597.742 2018 Antwerpen, since 06-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2023
Board and ownership
- CORTIER PietManaging director
- VAN DER PLUYM Bart Antoon MariaManaging director
- KLUMPENAAR ManfredDirector · since 06-09-2023
- 50FIVE BELUX100%· score 81annual accounts 2025
- 50Five BVconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.0%
- Gross margin
- €68,830
- Turnover
- ≈ €190,000
- estimated
- Loss
- €46,179
- ▼ 81.1%
- Equity
- -€229,332
- ▼ 25.2%
- Total assets
- €674,339
- ▲ 17.3%
- Negative equity on 31-12-2025
Score breakdownraises riskNegative equity -€229,3321 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed on 29-06-2026)Size: total assets €674,339Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro). It does better than 3% of them on solvency, 8% on liquidity, 13% on profitability and 16% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 31 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €46,179, smaller than the loss of €243,816 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
- 2025 Net result +81% on 2024. The accounts now follow the full format, last year the abbreviated format.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €386,552 | €66,480 |
| Intangible fixed assets | €149,645 | - |
| Depreciation and write-downs of the year | €72,220 | €113,873 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,220 | €113,873 | ▲ 57.7% |
| Other operating charges640/8 | €384 | €1,136 | ▲ 195% |
| Gross operating margin9900 | -€171,212 | €68,830 | - |
| Operating profit (loss)9901 | -€243,816 | -€46,179 | ▲ 81.1% |
| Financial charges65/66B | €837 | €0 | ▼ 100% |
| Recurring financial charges65 | €837 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€244,653 | -€46,179 | ▲ 81.1% |
| Profit (loss) for the period9904 | -€244,653 | -€46,179 | ▲ 81.1% |
| Profit (loss) for the period to be appropriated9905 | -€244,653 | -€46,179 | ▲ 81.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €574,829 | €674,339 | ▲ 17.3% |
| Fixed assets21/28 | €463,977 | €416,583 | ▼ 10.2% |
| Intangible fixed assets21 | €119,726 | €89,807 | ▼ 25.0% |
| Tangible fixed assets22/27 | €344,251 | €326,777 | ▼ 5.1% |
| Plant, machinery and equipment23 | €344,251 | €326,777 | ▼ 5.1% |
| Current assets29/58 | €110,852 | €257,756 | ▲ 133% |
| Amounts receivable within one year40/41 | €27,079 | €173,983 | ▲ 543% |
| Trade receivables40 | €19,950 | €23,172 | ▲ 16.2% |
| Other amounts receivable41 | €7,129 | €150,811 | ▲ 21× |
| Cash at bank and in hand54/58 | €83,773 | €83,773 | = |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €574,829 | €674,339 | ▲ 17.3% |
| Equity10/15 | -€183,153 | -€229,332 | ▼ 25.2% |
| Contributions10/11 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€244,653 | -€290,832 | ▼ 18.9% |
| Amounts payable17/49 | €757,982 | €903,671 | ▲ 19.2% |
| Amounts payable within one year42/48 | €757,982 | €903,671 | ▲ 19.2% |
| Trade debts44 | €756,761 | €903,671 | ▲ 19.4% |
| Suppliers440/4 | €756,761 | €903,671 | ▲ 19.4% |
| Other amounts payable47/48 | €1,221 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€244,653 | -€46,179 | ▲ 81.1% |
| + Depreciation and write-downs630 | €72,220 | €113,873 | ▲ 57.7% |
| Operating cash flow (approximation) | -€172,433 | €67,694 | - |
| Investment in fixed assets (approximation) | - | -€66,480 | - |
| Change in cash | - | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as 50five CAAS has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 50five CAAS itself is higher: 2.0% within 12 months. It rests on far more data about 50five CAAS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for 50five CAAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Board 3
Day-to-day management 2
Statutory auditor 1
Owners and capital
Shareholders
2 ownersChain of control
- 50Five BVNL
- 50FiveNL
- 50FIVE BELUX
- 50five CAAS
Owners 2
- 50FIVE BELUXparentEquity €969,375 Profit of €1.3m in 2025 (profit of €59,527 in 2024) Checked score 81100%
- 50Five BVNLconsolidating parentconsolidates
Capital transactions
- 50FIVE BELUX (BE 0665.579.356) 1,000 shares (100%) · in cash
- 08-09-2023 Incorporation · €61,500 · 1,000 shares
Mandate history
- Board
- Day-to-day management
- Statutory auditor
| Name | Functions and periods |
|---|---|
| CORTIER Piet |
|
| KLUMPENAAR Manfred |
|
| VAN DER PLUYM Bart Antoon Maria |
|
| Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Raad van bestuur, ten hoogste zes jaar”
Articles of association, deed of 08-09-2023 (in Dutch)
Network & group
Companies at the same address
11 other companies- TRANSUNIVERSE Forwarding Establishment · since 2026 0449443659
- 50five Charging Solutions BeLux Registered office · since 2025 1022017338
- DHK Invest Registered office · since 2021 0767802213
- 50FIVE BELUX Registered office · since 2016 0665579356
- Take The Lead Registered office · since 2016 0645912211
- The Retail Factory International Registered office · since 2009 0820010977
- BUILPROM Registered office · since 2001 0473506191
- MERTENS VASTGOED Establishment · since 1995 0454729070
- Robema Establishment · since 1992 0446928686
- INTERSHIP EUROPE Registered office · since 1978 0418239551
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
14-07
Gazette deed
Permanent representatives: Barbara Feys and Dirk Cleymans3 points ▸
- Board meeting, 01-06-2026
- Permanent representative, Barbara Feys (vaste vertegenwoordiger van de commissaris)
- Permanent representative, Dirk Cleymans (vaste vertegenwoordiger van de commissaris)
05-08
Gazette deed
Appointment: Deloitte Bedrijfsrevisoren (statutory auditor)Permanent representative: Dirk Cleymans3 points ▸
- General meeting, 28-01-2025
- Auditor appointment, Deloitte Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Dirk Cleymans
03-06
Gazette deed
Registered office moved within Antwerpen2 points ▸
- Board meeting, 15-08-2024
- Registered-office move, 2030 Antwerpen, Straatsburgdok Noordkaai 33
08-09
Gazette deed
IncorporationStarting capital €61,500 · Appointments: KLUMPENAAR Manfred, VAN DER PLUYM Bart Antoon Maria and CORTIER Piet · Registered office clause · Board rule14 points ▸
- Registered office clause, “2018 Antwerpen, Van Immerseelstraat 66” (deed in Dutch)
- Board rule, 3, “comparant” (deed in Dutch)
- Director appointment, KLUMPENAAR Manfred (director (not named in the articles))
- Director appointment, VAN DER PLUYM Bart Antoon Maria (director (not named in the articles))
- Director appointment, CORTIER Piet (director (not named in the articles))
- Other provision, “verbodsverklaring bestuurders, uitoefening functie niet verboden” (deed in Dutch)
- Pre-incorporation commitments, “artikel 2:2 WVV, tussenperiode onderworpen aan artikel 2:2 WVV” (deed in Dutch)
- Director appointment, VAN DER PLUYM Bart Antoon Maria (managing director)
- Director appointment, CORTIER Piet (managing director)
- Other provision, “verbodsverklaring gedelegeerd bestuurders, uitoefening functie niet verboden” (deed in Dutch)
- Incorporation, 05-09-2023
- Founder, 50FIVE BELUX
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 2018 Antwerpen until 01-04-2024 · act of 03-06-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- Om elke activiteit uit te voeren met betrekking tot duurzame mobiliteit, elektrisch of op basis van een andere groene energiebron,
- In het bijzonder door de installatie, de terbeschikkingstelling, in welke commerciële vorm dan ook, de verhuur, onderhoud of verkoop:
- 1. een laad- of voedingszuil of installatie,
- 2. alle technische apparatuur, inclusief IT of applicatie, energie of enig product of dienst van financiële of gelijkaardige aard, met betrekking tot het gebruik in de ruime zin van de energie die het bevat door de bestuurder, eigenaar, huurder of een derde partij geïnteresseerd.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11807G2050/00G000 | Flanders | 9,023 m² | 1 · 2,406 m² | 21.4 m · 6 |
| 11808H1129/07_000 | Flanders | 1,319 m² | 1 · 1,668 m² | 51.8 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.