Summary
CAGO 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 €4.2m and a net result of €631,950. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 5585 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
37 d early
2023
1 d early
2022
2 d early
2021
4 d early
2020
3 d early
2019
15 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 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 26 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Lede, Finance and insurance sector#2 company by equity in Lede, Finance and insurance sector#10 oldest company in Lede, Finance and insurance sector
Equity
€4.2m▲ 17.9%
2024 · €3.5m
Net result
€631,950▼ 14.5%
2024 · €739,176
Total assets
€5.2m▲ 6.5%
2024 · €4.9m
Solvency
80.3%▲ 7.7pp
2024 · 72.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€143,902▼ 4.2%€146,851▲ 2.0%€134,722▼ 8.3%€122,275▼ 9.2%€119,265▼ 2.5%
Net result€65,976within the sector's middle half▼ 28.8%€69,120within the sector's middle half▲ 4.8%€748,054above the sector's middle half▲ 982%€739,176above the sector's middle half▼ 1.2%€631,950above the sector's middle half▼ 14.5%
Equity€2.0mabove the sector's middle half▲ 3.5%€2.0mabove the sector's middle half▲ 3.5%€2.8mabove the sector's middle half▲ 36.6%€3.5mabove the sector's middle half▲ 26.5%€4.2mabove the sector's middle half▲ 17.9%
Total assets€3.9mabove the sector's middle half▲ 0.6%€3.9mwithin the sector's middle half▲ 0.8%€4.2mwithin the sector's middle half▲ 6.6%€4.9mabove the sector's middle half▲ 17.0%€5.2mabove the sector's middle half▲ 6.5%
Debt€1.9m▼ 2.2%€1.9m▼ 1.9%€1.4m▼ 26.4%€1.3m▼ 2.2%€1.0m▼ 23.5%
Working capital-€1.1mbelow the sector's middle half▲ 5.4%-€1.1mbelow the sector's middle half▲ 5.9%-€306,718below the sector's middle half▲ 71.2%€455,822above the sector's middle half€1.1mabove the sector's middle half▲ 136%
Solvency51.1%within the sector's middle half▲ 1.4pp52.4%within the sector's middle half▲ 1.3pp67.1%within the sector's middle half▲ 14.7pp72.5%within the sector's middle half▲ 5.4pp80.3%above the sector's middle half▲ 7.7pp
Current ratio0.38within the sector's middle half▲ 0.020.41within the sector's middle half▲ 0.030.76within the sector's middle half▲ 0.361.36within the sector's middle half▲ 0.602.13within the sector's middle half▲ 0.77
Return on assets (ROA)1.7%within the sector's middle half▼ 0.7pp1.8%within the sector's middle half▲ 0.1pp18.0%above the sector's middle half▲ 16.2pp15.2%above the sector's middle half▼ 2.8pp12.2%above the sector's middle half▼ 3.0pp
Staff (FTE)1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€3.2m =
Current assets
€2.0m ▲ 18.6%
Equity and liabilities €5.2m
Equity
€4.2m ▲ 17.9%
Debt
€1.0m ▼ 23.5%
Debt's share of the balance-sheet total falls from 27.5% to 19.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.2%▼
2024 · 20.9%
Debt ≤ 1 year
€949,911▼
2024 · €1.3m
Income taxes
€89,016▼
2024 · €95,876
Staff costs
€66,125▲
2024 · €65,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €52,185 | €54,531 | €55,274 | €65,035 | €66,125 | ▲ 1.7% |
| Other operating charges640/8 | €1,831 | €1,038 | €1,886 | €2,054 | €2,119 | ▲ 3.2% |
| Gross operating margin9900 | €197,918 | €202,420 | €191,881 | €189,364 | €187,510 | ▼ 1.0% |
| Operating profit (loss)9901 | €143,902 | €146,851 | €134,722 | €122,275 | €119,265 | ▼ 2.5% |
| Financial income75/76B | €21,072 | €21,634 | €776,423 | €799,941 | €675,356 | ▼ 15.6% |
| Recurring financial income75 | €21,072 | €21,634 | €776,423 | €799,941 | €675,356 | ▼ 15.6% |
| Financial charges65/66B | €68,289 | €67,388 | €63,528 | €87,165 | €73,654 | ▼ 15.5% |
| Recurring financial charges65 | €68,289 | €67,388 | €63,528 | €87,165 | €73,654 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €96,686 | €101,098 | €847,617 | €835,052 | €720,967 | ▼ 13.7% |
| Income taxes67/77 | €30,709 | €31,978 | €99,563 | €95,876 | €89,016 | ▼ 7.2% |
| Profit (loss) for the period9904 | €65,976 | €69,120 | €748,054 | €739,176 | €631,950 | ▼ 14.5% |
| Profit (loss) for the period to be appropriated9905 | €65,976 | €69,120 | €748,054 | €739,176 | €631,950 | ▼ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.9m | €4.2m | €4.9m | €5.2m | ▲ 6.5% |
| Fixed assets21/28 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Financial fixed assets28 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Current assets29/58 | €706,047 | €738,761 | €997,228 | €1.7m | €2.0m | ▲ 18.6% |
| Amounts receivable within one year40/41 | €588,048 | €659,351 | €912,077 | €1.7m | €2.0m | ▲ 21.1% |
| Trade receivables40 | €47,190 | €96,858 | €95,336 | €47,190 | €23,595 | ▼ 50.0% |
| Other amounts receivable41 | €540,858 | €562,493 | €816,741 | €1.6m | €2.0m | ▲ 23.2% |
| Cash at bank and in hand54/58 | €117,005 | €78,474 | €84,111 | €41,977 | €8,244 | ▼ 80.4% |
| Deferred charges and accrued income490/1 | €993 | €936 | €1,039 | €1,052 | €1,144 | ▲ 8.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.9m | €4.2m | €4.9m | €5.2m | ▲ 6.5% |
| Equity10/15 | €2.0m | €2.0m | €2.8m | €3.5m | €4.2m | ▲ 17.9% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €382,991 | €452,110 | €1.2m | €1.9m | €2.6m | ▲ 32.6% |
| Non-distributable reserves130/1 | €166,403 | €166,403 | €166,403 | €0 | - | - |
| Reserves not available under the articles1311 | €166,403 | €166,403 | €166,403 | €0 | - | - |
| Distributable reserves133 | €216,587 | €285,707 | €1.0m | €1.9m | €2.6m | ▲ 32.6% |
| Profit (loss) carried forward14 | €734 | €734 | €734 | €734 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.9m | €1.9m | €1.4m | €1.3m | €1.0m | ▼ 23.5% |
| Amounts payable within one year42/48 | €1.8m | €1.8m | €1.3m | €1.3m | €949,911 | ▼ 24.1% |
| Trade debts44 | €5,561 | €9,121 | €7,257 | €1,947 | €112 | ▼ 94.3% |
| Suppliers440/4 | €5,561 | €9,121 | €7,257 | €1,947 | €112 | ▼ 94.3% |
| Taxes, remuneration and social security45 | €38,760 | €32,346 | €103,401 | €93,761 | €88,783 | ▼ 5.3% |
| Taxes450/3 | €33,661 | €23,634 | €96,993 | €83,950 | €76,126 | ▼ 9.3% |
| Remuneration and social security454/9 | €5,100 | €8,713 | €6,408 | €9,811 | €12,657 | ▲ 29.0% |
| Other amounts payable47/48 | €1.8m | €1.8m | €1.2m | €1.2m | €861,016 | ▼ 25.5% |
| Accrued charges and deferred income492/3 | €53,441 | €51,492 | €63,431 | €86,795 | €73,757 | ▼ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,976 | €69,120 | €748,054 | €739,176 | €631,950 | ▼ 14.5% |
| Operating cash flow (approximation) | €65,976 | €69,120 | €748,054 | €739,176 | €631,950 | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€38,531 | €5,637 | -€42,134 | -€33,733 | ▲ 19.9% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €748,054 ▲982%
Net result €748,054, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €2mEq €2.0m ▲3.5%
5 profitable years in a row build equity to €2.0m.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Lede · 1 establishment unit since 2007
Ground area
1,474 m²
Building footprint
181 m²
Volume, LiDAR
1,036 m³
Parcel 41066B0005/00C004, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Molenhoek 131, 9340 Lede
since 20072.168.246.443
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066B0005/00C004 | Flanders | 1,474 m² | 1 · 181 m² | 10.2 m · 2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
99.99%
According to the annual accounts to 30-09-2025 of CAGO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,721 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
Founded13-12-2007
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894157678
Also
9925:BE0894157678
Registered
16-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.