CAIZEN
ActiveSummary
CAIZEN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,372 and a net result of €26,251. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+16
Solvency69▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.06 in 2024; short-term debt: 48.4% and cash: 18.2% of total assets), and 55.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44.5%
Return on assets
14.2%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 29-05-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
17 d early
2022
19 d early
2021
13 d early
2020
30 d late
2019
152 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 19 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€82,372▲ 46.8%
2024 · €56,121
Total assets
€185,159▲ 6.3%
2024 · €174,193
Net result
€26,251▲ 991%
2024 · €2,406
Working capital
€34,776▲ 443%
2024 · €6,407
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,660▲ 9.5%€46,783▲ 242%€14,365▼ 69.3%€32,750▲ 128%€37,833▲ 15.5%
Net result€8,923▼ 11.2%€34,614▲ 288%€8,119▼ 76.5%€2,406▼ 70.4%€26,251▲ 991%
Equity€22,982▲ 63.5%€45,596▲ 98.4%€53,715▲ 17.8%€56,121▲ 4.5%€82,372▲ 46.8%
Total assets€159,736▲ 89.3%€145,774▼ 8.7%€152,043▲ 4.3%€174,193▲ 14.6%€185,159▲ 6.3%
Debt€136,753▲ 94.5%€100,178▼ 26.7%€85,145▼ 15.0%€104,889▲ 23.2%€89,604▼ 14.6%
Working capital-€31,796-€7,208▲ 77.3%€11,400€6,407▼ 43.8%€34,776▲ 443%
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 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,159
Fixed assets
€60,779 ▼ 3.4%
Current assets
€124,380 ▲ 11.8%
Equity and liabilities €185,159
Equity
€82,372 ▲ 46.8%
Provisions
€13,183 =
Debt
€89,604 ▼ 14.6%
Debt's share of the balance-sheet total falls from 60.2% to 48.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,898▲
2024 · €36,180
Cash flow
€30,317▲
2024 · €5,835
Current ratio
1.39▲
2024 · 1.06
Debt to equity
1.09▼
2024 · 1.87
ROE
31.9%▲
2024 · 4.3%
ROA
14.2%▲
2024 · 1.4%
Interest coverage
79.91▲
2024 · 15.39
Debt ≤ 1 year
€89,604▼
2024 · €104,889
Income taxes
€11,273▼
2024 · €28,147
Staff costs
€1,743▲
2024 · €1,515
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 | - | - | - | €1,515 | €1,743 | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,163 | €1,945 | €2,188 | €3,430 | €4,066 | ▲ 18.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €13,183 | €0 | - | - |
| Other operating charges640/8 | €708 | €2,174 | €1,600 | €1,786 | €2,038 | ▲ 14.1% |
| Non-recurring operating charges66A | - | - | €112 | €19,204 | €0 | ▼ 100% |
| Gross operating margin9900 | €17,531 | €50,902 | €31,448 | €58,686 | €45,679 | ▼ 22.2% |
| Operating profit (loss)9901 | €13,660 | €46,783 | €14,365 | €32,750 | €37,833 | ▲ 15.5% |
| Financial income75/76B | €871 | €1,794 | €1,841 | €228 | €216 | ▼ 5.5% |
| Recurring financial income75 | €871 | €1,794 | €1,841 | €228 | €216 | ▼ 5.5% |
| Financial charges65/66B | €1,699 | €1,576 | €3,734 | €2,426 | €524 | ▼ 78.4% |
| Recurring financial charges65 | €1,699 | €708 | €3,734 | €2,351 | €524 | ▼ 77.7% |
| Non-recurring financial charges66B | - | €868 | - | €75 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €12,832 | €47,001 | €12,471 | €30,553 | €37,524 | ▲ 22.8% |
| Income taxes67/77 | €3,909 | €12,387 | €4,352 | €28,147 | €11,273 | ▼ 59.9% |
| Profit (loss) for the period9904 | €8,923 | €34,614 | €8,119 | €2,406 | €26,251 | ▲ 991% |
| Profit (loss) for the period to be appropriated9905 | €8,923 | €34,614 | €8,119 | €2,406 | €26,251 | ▲ 991% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,736 | €145,774 | €152,043 | €174,193 | €185,159 | ▲ 6.3% |
| Fixed assets21/28 | €55,357 | €52,804 | €55,498 | €62,897 | €60,779 | ▼ 3.4% |
| Tangible fixed assets22/27 | €5,057 | €2,804 | €5,498 | €12,897 | €10,779 | ▼ 16.4% |
| Plant, machinery and equipment23 | €341 | - | - | - | - | - |
| Furniture and vehicles24 | €4,447 | €2,804 | €5,498 | €5,355 | €4,127 | ▼ 22.9% |
| Other tangible fixed assets26 | €268 | - | - | €7,542 | €6,652 | ▼ 11.8% |
| Financial fixed assets28 | €50,300 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €104,379 | €92,970 | €96,544 | €111,296 | €124,380 | ▲ 11.8% |
| Amounts receivable within one year40/41 | €92,396 | €86,174 | €75,862 | €72,410 | €90,696 | ▲ 25.3% |
| Trade receivables40 | €20,998 | €15,663 | €3,330 | €2,071 | €13,937 | ▲ 573% |
| Other amounts receivable41 | €71,398 | €70,510 | €72,532 | €70,339 | €76,759 | ▲ 9.1% |
| Cash at bank and in hand54/58 | €11,983 | €6,796 | €20,682 | €38,886 | €33,684 | ▼ 13.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,736 | €145,774 | €152,043 | €174,193 | €185,159 | ▲ 6.3% |
| Equity10/15 | €22,982 | €45,596 | €53,715 | €56,121 | €82,372 | ▲ 46.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | €5,000 | - | - | - |
| Issued capital100 | €5,000 | €5,000 | €5,000 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,122 | €38,736 | €46,855 | €49,261 | €75,512 | ▲ 53.3% |
| Provisions and deferred taxes16 | - | - | €13,183 | €13,183 | €13,183 | = |
| Provisions for liabilities and charges160/5 | - | - | €13,183 | €13,183 | €13,183 | = |
| Pensions and similar obligations160 | - | - | €13,183 | €13,183 | €13,183 | = |
| Amounts payable17/49 | €136,753 | €100,178 | €85,145 | €104,889 | €89,604 | ▼ 14.6% |
| Amounts payable within one year42/48 | €136,175 | €100,178 | €85,145 | €104,889 | €89,604 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | €1,718 | €5,021 | - | - | €12,500 | - |
| Financial debts43 | - | - | €4,369 | €1,716 | €1,565 | ▼ 8.8% |
| Credit institutions430/8 | - | - | €4,369 | €1,716 | €1,565 | ▼ 8.8% |
| Trade debts44 | €20,718 | €849 | €10,611 | €5,484 | €21,119 | ▲ 285% |
| Suppliers440/4 | €20,718 | €849 | €10,611 | €5,484 | €21,119 | ▲ 285% |
| Taxes, remuneration and social security45 | €18,656 | €5,289 | €31,738 | €39,958 | €3,693 | ▼ 90.8% |
| Taxes450/3 | €11,156 | €5,289 | €27,238 | €39,715 | €3,693 | ▼ 90.7% |
| Remuneration and social security454/9 | €7,500 | - | €4,500 | €243 | €0 | ▼ 100% |
| Other amounts payable47/48 | €95,082 | €89,018 | €38,427 | €57,731 | €50,727 | ▼ 12.1% |
| Accrued charges and deferred income492/3 | €579 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,923 | €34,614 | €8,119 | €2,406 | €26,251 | ▲ 991% |
| + Depreciation and write-downs630 | €3,163 | €1,945 | €2,188 | €3,430 | €4,066 | ▲ 18.5% |
| Operating cash flow (approximation) | €12,086 | €36,559 | €10,307 | €5,835 | €30,317 | ▲ 420% |
| Investment in fixed assets (approximation) | - | €608 | -€4,883 | -€10,828 | -€1,948 | ▲ 82.0% |
| Change in cash | - | -€5,187 | €13,886 | €18,204 | -€5,202 | ▼ 129% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-10
Financial
Weakest financial yearnet €2,406 ▼70.4%
Net result drops to €2,406, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 255 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 620 days late
2019
31-10
Financial
Highest result since 2018net €41,923 ▲294%
Net result €41,923, the highest in the series.
31-10
Financial
Liquidity triplescurrent ratio 1.51
Current ratio from 0.46 to 1.51; short-term debt falls from €150,768 to €63,586.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Overijse · 1 establishment unit since 2016
Ground area
1,610 m²
Building footprint
292 m²
Volume, LiDAR
1,597 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAIZEN
since 20162.257.199.304
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062M0080/00D000 | Flanders | 1,038 m² | 1 · 187 m² | 9.5 m · 2 fl. |
| 23062M0209/00C000 | Flanders | 572 m² | 1 · 105 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,582 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
Founded12-07-2016
Fiscal year end31-10
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46498Wholesale trade
62100Computer programming
70200Business and other management consultancy
73110Advertising agencies
74140Other specialised design activities
Scores and ratios are computed by Checked and are not a credit decision.