Summary
Cagi is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1,746 and a net result of -€17,459. Equity is growing by about 67% per year across the filed financial years. Its solvency ranks better than 7% of 1,848 sector peers (NACE 66, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#3 employer in Limburg, Auxiliary financial services sector#6 oldest company in Lummen, Finance and insurance sector
2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00422010.
Equity
€1,746▼ 90.9%
2024 · €19,205
Net result
-€17,459▼ 136%
2024 · -€7,387
Total assets
€259,423▼ 16.5%
2024 · €310,767
Solvency
0.7%▼ 5.5pp
2024 · 6.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €8,667 after €7,118 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€8,667
2025
Net result-€17,459
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€259,423
2025
Equity€1,746
2025
Debt€257,677
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€88,245
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-6.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency0.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.48
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)18.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€108,656-€27,446▼ 74.7%€13,933▼ 49.2%€18,268▲ 31.1%€11,498▼ 37.1%€30,873▲ 168%€7,118▼ 76.9%-€8,667
Net result€94,666-€14,036▼ 85.2%€4,810below the sector's middle half▼ 65.7%€8,658below the sector's middle half▲ 80.0%€5,397below the sector's middle half▼ 37.7%€18,501within the sector's middle half▲ 243%-€7,387below the sector's middle half-€17,459below the sector's middle half▼ 136%
Equity-€24,679--€10,774▲ 56.3%-€5,964below the sector's middle half▲ 44.6%€2,694below the sector's middle half€8,090below the sector's middle half▲ 200%€26,592below the sector's middle half▲ 229%€19,205below the sector's middle half▼ 27.8%€1,746below the sector's middle half▼ 90.9%
Total assets€578,099-€551,629▼ 4.6%€485,587within the sector's middle half▼ 12.0%€394,841below the sector's middle half▼ 18.7%€397,880below the sector's middle half▲ 0.8%€437,058below the sector's middle half▲ 9.8%€310,767below the sector's middle half▼ 28.9%€259,423below the sector's middle half▼ 16.5%
Debt€602,778-€562,403▼ 6.7%€491,551▼ 12.6%€392,147▼ 20.2%€389,790▼ 0.6%€410,466▲ 5.3%€291,562▼ 29.0%€257,677▼ 11.6%
Working capital-€31,450--€53,884▼ 71.3%€135,207within the sector's middle half€65,074within the sector's middle half▼ 51.9%€39,104within the sector's middle half▼ 39.9%-€24,748below the sector's middle half-€56,246below the sector's middle half▼ 127%-€88,245below the sector's middle half▼ 56.9%
Solvency-4.3%--2.0%▲ 2.3pp-1.2%below the sector's middle half▲ 0.7pp0.7%below the sector's middle half▲ 1.9pp2.0%below the sector's middle half▲ 1.4pp6.1%below the sector's middle half▲ 4.1pp6.2%below the sector's middle half▲ 0.1pp0.7%below the sector's middle half▼ 5.5pp
Current ratio0.90-0.83▼ 0.062.27within the sector's middle half▲ 1.441.54within the sector's middle half▼ 0.731.23within the sector's middle half▼ 0.310.90below the sector's middle half▼ 0.330.68below the sector's middle half▼ 0.220.48below the sector's middle half▼ 0.20
Return on assets (ROA)16.4%-2.5%▼ 13.8pp1.0%below the sector's middle half▼ 1.6pp2.2%below the sector's middle half▲ 1.2pp1.4%below the sector's middle half▼ 0.8pp4.2%within the sector's middle half▲ 2.9pp-2.4%below the sector's middle half▼ 6.6pp-6.7%below the sector's middle half▼ 4.4pp
Staff (FTE)18.6-21.2▲ 14.0%21.2above the sector's middle half=22.1above the sector's middle half▲ 4.2%23above the sector's middle half▲ 4.1%18.8above the sector's middle half18.8above the sector's middle half=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €259,423
Fixed assets
€178,637 ▼ 7.3%
Current assets
€80,786 ▼ 31.6%
Equity and liabilities €259,423
Equity
€1,746 ▼ 90.9%
Debt
€257,677 ▼ 11.6%
Debt's share of the balance-sheet total rises from 93.8% to 99.3%. Equity and debt are lower.
Key figures and ratios
ROE
-999.9%▼
2024 · -38.5%
Debt ≤ 1 year
€169,031▼
2024 · €174,399
Debt > 1 year
€88,646▼
2024 · €117,163
Income taxes
€271▼
2024 · €1,534
Staff costs
€401,366▼
2024 · €482,938
A ratio outside any meaningful range has been withheld (balance sheet total €259,423, equity €1,746).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €84 | - |
| Remuneration, social security and pensions62 | - | - | - | €561,673 | €566,188 | €627,118 | €482,938 | €401,366 | ▼ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,231 | €35,977 | €34,908 | €34,908 | €23,840 | €24,912 | €24,303 | €24,076 | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | €3,243 | €3,075 | €2,978 | €3,016 | €2,867 | ▼ 4.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €253 | - |
| Gross operating margin9900 | €656,273 | €660,917 | €568,565 | €618,092 | €604,601 | €685,880 | €517,375 | €419,894 | ▼ 18.8% |
| Operating profit (loss)9901 | €108,656 | €27,446 | €13,933 | €18,268 | €11,498 | €30,873 | €7,118 | -€8,667 | - |
| Financial income75/76B | - | - | - | €65 | €2,157 | €15 | €28 | €9 | ▼ 69.5% |
| Recurring financial income75 | €227 | €76 | €334 | €65 | €137 | €15 | €28 | €9 | ▼ 69.5% |
| Non-recurring financial income76B | - | - | - | - | €2,020 | - | - | - | - |
| Financial charges65/66B | - | - | - | €9,295 | €8,049 | €9,152 | €12,999 | €8,529 | ▼ 34.4% |
| Recurring financial charges65 | €14,130 | €11,866 | €9,244 | €9,295 | €8,049 | €9,152 | €12,999 | €8,529 | ▼ 34.4% |
| Profit (loss) for the period before taxes9903 | €94,753 | €15,656 | €5,022 | €9,038 | €5,606 | €21,735 | -€5,853 | -€17,187 | ▼ 194% |
| Income taxes67/77 | €88 | €1,620 | €212 | €381 | €209 | €3,234 | €1,534 | €271 | ▼ 82.3% |
| Profit (loss) for the period9904 | €94,666 | €14,036 | €4,810 | €8,658 | €5,397 | €18,501 | -€7,387 | -€17,459 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €94,666 | €14,036 | €18,894 | €8,658 | €5,397 | €18,501 | -€7,387 | -€17,459 | ▼ 136% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €578,099 | €551,629 | €485,587 | €394,841 | €397,880 | €437,058 | €310,767 | €259,423 | ▼ 16.5% |
| Fixed assets21/28 | €301,327 | €279,082 | €244,174 | €209,266 | €188,106 | €216,917 | €192,614 | €178,637 | ▼ 7.3% |
| Tangible fixed assets22/27 | €301,327 | €279,082 | €244,174 | €209,266 | €185,426 | €214,237 | €189,934 | €175,957 | ▼ 7.4% |
| Land and buildings22 | - | - | - | €201,679 | €181,581 | €211,540 | €188,249 | €164,958 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €2,954 | €1,529 | €550 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €4,632 | €2,316 | €2,147 | €1,685 | €10,999 | ▲ 553% |
| Financial fixed assets28 | - | - | - | - | €2,680 | €2,680 | €2,680 | €2,680 | = |
| Current assets29/58 | €276,772 | €272,547 | €241,414 | €185,575 | €209,774 | €220,141 | €118,153 | €80,786 | ▼ 31.6% |
| Amounts receivable within one year40/41 | €261,306 | €251,705 | €200,572 | €177,929 | €167,573 | €177,308 | €94,085 | €61,929 | ▼ 34.2% |
| Trade receivables40 | - | - | - | - | €17,590 | €13,136 | - | €8,214 | - |
| Other amounts receivable41 | - | - | - | €177,929 | €149,982 | €164,172 | €94,085 | €53,715 | ▼ 42.9% |
| Cash at bank and in hand54/58 | €12,618 | €17,537 | €29,116 | €4,801 | €38,198 | €23,223 | €22,451 | €18,721 | ▼ 16.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,845 | €4,003 | €19,610 | €1,618 | €136 | ▼ 91.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €578,099 | €551,629 | €485,587 | €394,841 | €397,880 | €437,058 | €310,767 | €259,423 | ▼ 16.5% |
| Equity10/15 | -€24,679 | -€10,774 | -€5,964 | €2,694 | €8,090 | €26,592 | €19,205 | €1,746 | ▼ 90.9% |
| Contributions10/11 | €75,000 | €75,000 | - | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €46,700 | €60,737 | €46,654 | €46,654 | €46,654 | €46,654 | €46,654 | €46,654 | = |
| Non-distributable reserves130/1 | - | - | - | €3,860 | €3,860 | €3,860 | €3,860 | €3,860 | = |
| Reserves not available under the articles1311 | - | - | - | €3,860 | €3,860 | €3,860 | €3,860 | €3,860 | = |
| Distributable reserves133 | - | - | - | €42,794 | €42,794 | €42,794 | €42,794 | €42,794 | = |
| Profit (loss) carried forward14 | -€146,379 | -€146,511 | -€127,618 | -€118,960 | -€113,563 | -€95,062 | -€102,449 | -€119,907 | ▼ 17.0% |
| Amounts payable17/49 | €602,778 | €562,403 | €491,551 | €392,147 | €389,790 | €410,466 | €291,562 | €257,677 | ▼ 11.6% |
| Amounts payable after more than one year17 | €293,087 | €235,419 | €385,345 | €271,204 | €217,038 | €161,640 | €117,163 | €88,646 | ▼ 24.3% |
| Financial debts170/4 | - | - | - | €271,204 | €217,038 | €161,640 | €117,163 | €88,646 | ▼ 24.3% |
| Amounts payable within one year42/48 | €308,222 | €326,431 | €106,207 | €120,501 | €170,671 | €244,889 | €174,399 | €169,031 | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,957 | €22,416 | €69,627 | €62,741 | €49,325 | ▼ 21.4% |
| Trade debts44 | €45,309 | €30,452 | €23,345 | €5,901 | €54,165 | €61,349 | €13,237 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €5,901 | €54,165 | €61,349 | €13,237 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €61,988 | €69,192 | €73,233 | €52,804 | €51,397 | ▼ 2.7% |
| Taxes450/3 | - | - | - | €590 | €666 | €345 | €1,534 | €39 | ▼ 97.5% |
| Remuneration and social security454/9 | - | - | - | €61,398 | €68,526 | €72,888 | €51,271 | €51,358 | ▲ 0.2% |
| Other amounts payable47/48 | - | - | - | €18,655 | €24,898 | €40,680 | €45,617 | €68,310 | ▲ 49.7% |
| Accrued charges and deferred income492/3 | - | - | - | €442 | €2,081 | €3,938 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94,666 | €14,036 | €4,810 | €8,658 | €5,397 | €18,501 | -€7,387 | -€17,459 | ▼ 136% |
| + Depreciation and write-downs630 | €33,231 | €35,977 | €34,908 | €34,908 | €23,840 | €24,912 | €24,303 | €24,076 | ▼ 0.9% |
| Operating cash flow (approximation) | €127,897 | €50,014 | €39,718 | €43,566 | €29,237 | €43,413 | €16,916 | €6,617 | ▼ 60.9% |
| Investment in fixed assets (approximation) | - | -€13,732 | €0 | €0 | -€2,680 | -€53,723 | €0 | -€10,099 | - |
| Change in cash | - | €4,919 | €11,579 | -€24,315 | €33,397 | -€14,975 | -€773 | -€3,730 | ▼ 383% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-08-2026 | 2026-00422010 |
| 31-12-2024 | abbreviated format | 09-10-2025 | 2025-00536655 |
| 31-12-2023 | abbreviated format | 07-10-2024 | 2024-00496161 |
| 31-12-2022 | abbreviated format | 29-09-2023 | 2023-00465049 |
| 31-12-2021 | abbreviated format | 29-09-2022 | 2022-20444357 |
| 31-12-2020 | abbreviated format | 30-09-2021 | 2021-70000593 |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-65600085 |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-52900187 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-54400184 |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-47700300 |
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Of the 1,467 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 930. 114 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €1.6m awarded · €1.5m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €298,598 | €297,552 |
| 2024 | 2 | €391,101 | €391,180 |
| 2023 | 2 | €458,583 | €457,231 |
| 2022 | 2 | €402,481 | €401,065 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.