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51N4E Cast

Active
Private limited companyfounded 200521 yrs activeVooruitgangstraat 76, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0872.742.949
Summary

51N4E Cast has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €864,417. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 2227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
51N4E CastActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Activities of building architects
NACE 71111Photography, excluding press photography NACE 74201
#9 company by equity in Schaarbeek, Professional and technical services sector1 site
Size
€7.1mtotal assets 2025
Staff
3.4 FTE
Equity
€4.2m
Profit
€864,417
Turnover not published (abridged schema)
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Largest shareholder
51N4E - HOLDING · 30%
Holdings
1
Accounts filed 28 d late0 of 9 deeds read
Why 94+ Size: 3.4 FTE, total assets €7.1m+ Liquidity: current ratio 2.31, cash €2.0m+ Figures for FY 2025 (filed 28-08-2026)+ Equity €4.2m (59.4% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 84-5
equity 59.4% of total assets
Liquidity 65-3
short-term debt 40.3% · cash 27.4%
Profitability 84-7
return on assets 12.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,633 companies)
Last 15 months 08-2025: < 0.1%lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%▲ +8.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%▲ +11.1% vs 05-2026 07-2026: < 0.1%▲ +10.0% vs 06-2026 08-2026: < 0.1%▲ +42.4% vs 07-2026highest value 09-2026: < 0.1%▼ -42.6% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Size: 3.4 FTE, total assets €7.1m lowers the probability for this profile
  • Liquidity: current ratio 2.31, cash €2.0m lowers the probability
  • Figures for FY 2025 (filed 28-08-2026) lowers the probability
  • Equity €4.2m (59.4% of total assets) lowers the probability
Credit up to €390,000 at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.58 in 2024; short-term debt: 40.3% and cash: 27.4% of total assets), and 40.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 57%, liquidity 53%, profitability 55%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Size: 3.4 FTE, total assets €7.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.31, cash €2.0m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 28-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €4.2m (59.4% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
28 d late
2024
on the day
2023
1 d early
2022
on the day
2021
58 d late
2020
90 d late
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €27,860 · 2,227 companies €864,417 View
  • Positive: 8 profitable years in a rowprofit 2025: €864,417 8 years View
  • Total assets 20256 fiscal years filed €7.1m View

By topic

Financials

Fiscal year
2025
Total assets
€7.1m
Profit
€864,417
Solvency
59.4%
Total assets▲ 17.6%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 31-07-2025Annual accounts filed
  3. 30-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Activities of building architectsNACE 71111
Founded
24-03-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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