CAGLA
ActiveSummary
CAGLA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,942 and a net result of €39,872. Equity is growing by ~76.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+38
Solvency38▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.04 in 2024; short-term debt: 87.4% and cash: 1.8% of total assets), and 87.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.6%
Return on assets
8.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
48 d early
2023
35 d early
2022
304 d late
2021
202 d late
2020
567 d late
2019
34 d early
← 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 129 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€56,942▲ 234%
2024 · €17,070
Total assets
€451,675▼ 10.5%
2024 · €504,577
Net result
€39,872▲ 308%
2024 · €9,776
Working capital
€55,777▲ 227%
2024 · €17,070
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,029▼ 51.7%€15,857▲ 424%€1,063▼ 93.3%€13,736▲ 1,192%€54,856▲ 299%
Net result€381within the sector's middle half▼ 88.8%€10,800within the sector's middle half▲ 2,735%€583within the sector's middle half▼ 94.6%€9,776within the sector's middle half▲ 1,577%€39,872above the sector's middle half▲ 308%
Equity-€4,090below the sector's middle half▲ 8.5%€6,711within the sector's middle half€7,294within the sector's middle half▲ 8.7%€17,070within the sector's middle half▲ 134%€56,942within the sector's middle half▲ 234%
Total assets€353,724above the sector's middle half▲ 19.6%€402,506above the sector's middle half▲ 13.8%€399,582above the sector's middle half▼ 0.7%€504,577above the sector's middle half▲ 26.3%€451,675above the sector's middle half▼ 10.5%
Debt€357,814▲ 19.1%€395,796▲ 10.6%€392,288▼ 0.9%€487,506▲ 24.3%€394,733▼ 19.0%
Working capital-€778▲ 88.2%€8,075€7,294▼ 9.7%€17,070▲ 134%€55,777▲ 227%
Solvency-1.2%below the sector's middle half▲ 0.4pp1.7%below the sector's middle half▲ 2.8pp1.8%below the sector's middle half▲ 0.2pp3.4%below the sector's middle half▲ 1.6pp12.6%within the sector's middle half▲ 9.2pp
Staff (FTE)11=1
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 299% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451,675
Fixed assets
€1,165
Current assets
€450,510
Equity and liabilities €451,675
Equity
€56,942 ▲ 234%
Debt
€394,733 ▼ 19.0%
Debt's share of the balance-sheet total falls from 96.6% to 87.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,127
Cash flow
€40,142
Current ratio
1.14▲
2024 · 1.04
Quick ratio
0.50▲
2024 · 0.34
Debt to equity
6.93▼
2024 · 28.56
ROE
70.0%▲
2024 · 57.3%
ROA
8.8%▲
2024 · 1.9%
Interest coverage
1112.33
Debt ≤ 1 year
€394,733▼
2024 · €487,506
Income taxes
€14,935▲
2024 · €3,842
Staff costs
€37,103▼
2024 · €53,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37,396 | €49,722 | €51,533 | €53,128 | €37,103 | ▼ 30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,414 | €4,343 | €1,858 | - | €271 | - |
| Other operating charges640/8 | €477 | €122 | €479 | €525 | €531 | ▲ 1.2% |
| Gross operating margin9900 | €46,316 | €70,044 | €54,934 | €67,390 | €92,761 | ▲ 37.6% |
| Operating profit (loss)9901 | €3,029 | €15,857 | €1,063 | €13,736 | €54,856 | ▲ 299% |
| Financial income75/76B | - | €3 | €434 | - | - | - |
| Recurring financial income75 | - | €3 | €434 | - | - | - |
| Financial charges65/66B | €2,648 | €2,354 | €687 | €118 | €50 | ▼ 57.9% |
| Recurring financial charges65 | €2,648 | €2,354 | €687 | €118 | €50 | ▼ 57.9% |
| Profit (loss) for the period before taxes9903 | €381 | €13,507 | €810 | €13,619 | €54,807 | ▲ 302% |
| Income taxes67/77 | - | €2,706 | €227 | €3,842 | €14,935 | ▲ 289% |
| Profit (loss) for the period9904 | €381 | €10,800 | €583 | €9,776 | €39,872 | ▲ 308% |
| Profit (loss) for the period to be appropriated9905 | €381 | €10,800 | €583 | €9,776 | €39,872 | ▲ 308% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353,724 | €402,506 | €399,582 | €504,577 | €451,675 | ▼ 10.5% |
| Fixed assets21/28 | €6,201 | €1,858 | - | - | €1,165 | - |
| Tangible fixed assets22/27 | €6,201 | €1,858 | - | - | €1,165 | - |
| Plant, machinery and equipment23 | €5,453 | €1,858 | - | - | - | - |
| Furniture and vehicles24 | €748 | - | - | - | €1,165 | - |
| Current assets29/58 | €347,524 | €400,649 | €399,582 | €504,577 | €450,510 | ▼ 10.7% |
| Stocks and contracts in progress3 | €250,661 | €291,661 | €291,286 | €339,285 | €254,285 | ▼ 25.1% |
| Stocks30/36 | €250,661 | €291,661 | €291,286 | €339,285 | €254,285 | ▼ 25.1% |
| Amounts receivable within one year40/41 | €96,863 | €105,851 | €108,123 | €162,299 | €187,939 | ▲ 15.8% |
| Trade receivables40 | €96,863 | €105,851 | €108,123 | €138,741 | €153,523 | ▲ 10.7% |
| Other amounts receivable41 | - | - | - | €23,558 | €34,416 | ▲ 46.1% |
| Cash at bank and in hand54/58 | - | - | €173 | €2,992 | €8,286 | ▲ 177% |
| Deferred charges and accrued income490/1 | - | €3,137 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353,724 | €402,506 | €399,582 | €504,577 | €451,675 | ▼ 10.5% |
| Equity10/15 | -€4,090 | €6,711 | €7,294 | €17,070 | €56,942 | ▲ 234% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€24,090 | -€13,289 | -€12,706 | -€2,930 | €36,942 | ▲ 1,361% |
| Amounts payable17/49 | €357,814 | €395,796 | €392,288 | €487,506 | €394,733 | ▼ 19.0% |
| Amounts payable after more than one year17 | €9,512 | €3,222 | - | - | - | - |
| Financial debts170/4 | €9,512 | €3,222 | - | - | - | - |
| Amounts payable within one year42/48 | €348,302 | €392,574 | €392,288 | €487,506 | €394,733 | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | €8,963 | €9,163 | €9,767 | - | - | - |
| Financial debts43 | €14,663 | €14,400 | €11,549 | €11,549 | €11,549 | = |
| Credit institutions430/8 | €14,663 | €14,400 | €11,549 | €11,549 | €11,549 | = |
| Trade debts44 | €254,656 | €264,093 | €250,255 | €318,492 | €195,466 | ▼ 38.6% |
| Suppliers440/4 | €254,656 | €264,093 | €250,255 | €318,492 | €195,466 | ▼ 38.6% |
| Advances received on contracts in progress46 | €24,883 | €40,438 | €63,695 | €100,742 | €91,863 | ▼ 8.8% |
| Taxes, remuneration and social security45 | €16,830 | €22,066 | €25,365 | €26,328 | €30,473 | ▲ 15.7% |
| Taxes450/3 | €5,698 | €8,773 | €5,929 | €4,710 | €18,777 | ▲ 299% |
| Remuneration and social security454/9 | €11,132 | €13,293 | €19,436 | €21,618 | €11,695 | ▼ 45.9% |
| Other amounts payable47/48 | €28,306 | €42,413 | €31,657 | €30,396 | €65,383 | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €381 | €10,800 | €583 | €9,776 | €39,872 | ▲ 308% |
| + Depreciation and write-downs630 | €5,414 | €4,343 | €1,858 | - | €271 | - |
| Operating cash flow (approximation) | €5,795 | €15,143 | €2,441 | €9,776 | €40,142 | ▲ 311% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | - | - | €2,820 | €5,293 | ▲ 87.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2019net €39,872 ▲308%
Operating result €54,856, net result €39,872, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 304 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 202 days late
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 567 days late
2021
30-09
Financial
Weakest financial yearnet €381 ▼88.8%
Net result drops to €381, the lowest in the series; recovery starts the following year.
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
2016
22-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2000
Ground area
33 m²
Building footprint
33 m²
Volume, LiDAR
310 m³
Parcel 44021A2150/00_000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAGLA
since 20002.116.074.992
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2150/00_000 | Flanders | 33 m² | 1 · 33 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 2,016 companies in sector 47770 we hold annual accounts for 897. 663 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2000
Fiscal year end30-09
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473138878
Also
9925:BE0473138878
Registered
19-09-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.