CAJO
ActiveSummary
CAJO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141k and a net result of €-89k. Equity is shrinking by ~21.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-37
Solvency31▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.07 against 0.1 in 2023; short-term debt: 85.3% and cash: 0.6% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6%
Return on assets
-3.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
23 d early
2022
5 d early
2021
2 d early
2020
22 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€141k▼ 38.8%
2023 · €230k
2018: €423k
2019: €388k
2020: €319k
2021: €232k
2022: €132k
2023: €230k
2018 → 2024
Total assets
€2.34M▼ 1.8%
2023 · €2.39M
2018: €1.81M
2019: €1.56M
2020: €1.62M
2021: €2.42M
2022: €2.36M
2023: €2.39M
2018 → 2024
Net result
€-89k
2023 · €98k
2018: €-32k
2019: €-35k
2020: €-69k
2021: €-87k
2022: €-100k
2023: €98k
2018 → 2024
Working capital
€-1.85M▼ 4.4%
2023 · €-1.77M
2018: €-614k
2019: €-677k
2020: €-777k
2021: €-1.69M
2022: €-1.71M
2023: €-1.77M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€319k-€232k▼ 27.4%€132k▼ 43.0%€230k▲ 73.9%€141k▼ 38.8%
Operating result€-54k-€-78k▼ 43.6%€-70k▲ 10.1%€154k€-34k
Net result€-69k-€-87k▼ 26.5%€-100k▼ 14.3%€98k€-89k
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 turns negative in 2024: a loss of €34k after €154k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.34M
Fixed assets
€2.20M ▲ 0.1%
Current assets
€148k ▼ 23.1%
Equity and liabilities €2.34M
Equity
€141k ▼ 38.8%
Debt
€2.20M ▲ 2.2%
Debt's share of the balance-sheet total rises from 90.4% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2023 · €194k
Cash flow
€-53k▼
2023 · €137k
Current ratio
0.07▼
2023 · 0.10
Debt to equity
15.67▲
2023 · 9.39
ROE
-63.3%▼
2023 · 42.5%
ROA
-3.8%▼
2023 · 4.1%
Interest coverage
0.04▼
2023 · 3.29
Debt ≤ 1 year
€2.00M▲
2023 · €1.97M
Debt > 1 year
€150k▼
2023 · €191k
Income taxes
€2k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.39M€2.34M▼
Fixed assets21/28€2.19M€2.20M▲
Tangible fixed assets22/27€1.39M€1.40M▲
Land and buildings22€1.38M€1.39M▲
Plant, machinery and equipment23€13k€6k▼
Furniture and vehicles24€4k-
Financial fixed assets28€801k€801k=
Current assets29/58€192k€148k▼
Amounts receivable within one year40/41€93k€111k▲
Trade receivables40-€18k
Other amounts receivable41€93k€93k=
Cash at bank and in hand54/58€82k€15k▼
Deferred charges and accrued income490/1€17k€21k▲
Equity and liabilities
Total equity and liabilities10/49€2.39M€2.34M▼
Equity10/15€230k€141k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Revaluation surpluses12€439k€439k=
Reserves13€19k€19k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-291k€-380k▼
Amounts payable17/49€2.16M€2.20M▲
Amounts payable after more than one year17€191k€150k▼
Financial debts170/4€191k€150k▼
Amounts payable within one year42/48€1.97M€2.00M▲
Current portion of amounts payable after more than one year42€43k€42k▼
Financial debts43€100€30k▲
Credit institutions430/8€100€30k▲
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€1.91M€1.92M▲
Accrued charges and deferred income492/3€531€54k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€36k▼
Other operating charges640/8€43k€8k▼
Gross operating margin9900€237k€10k▼
Operating profit (loss)9901€154k€-34k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€59k€59k▼
Recurring financial charges65€59k€59k▼
Profit (loss) for the period before taxes9903€99k€-87k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€98k€-89k▼
Profit (loss) for the period to be appropriated9905€98k€-89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-291k€-380k▼
Profit (loss) brought forward from the previous period14P€-388k€-291k▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €98k
Net result €98k after 5 loss-making years.
31-12
Financial
Equity above €200kEq €230k ▲73.9%
Equity rises from €132k to €230k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-100k
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-06
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.
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, Heusden-Zolder · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
M. Scheperslaan 743550 Heusden-ZolderGround area
2,860 m²
Building footprint
267 m²
Volume, LiDAR
1,846 m³
Parcel 71065A0699/00C000, Flanders · tallest building 18.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M. Scheperslaan 74, 3550 Heusden-Zolder
since 19892.044.839.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0699/00C000 | Flanders | 2,860 m² | 1 · 267 m² | 18.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-04-1988
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.