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CAKO

Active
Public limited companyfounded 201015 yrs activeMaastrichtersteenweg 163B, 3680 Maaseik, BelgiumKBO/BCE: BE 0831.269.808
Summary

CAKO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €379,867 and a net result of -€16,159. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 31% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▼-1
Solvency45▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 5.13 against 4.39 in 2024; short-term debt: 14.3% and cash: 0.5% of total assets), but 80.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
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 2025
Solvency, return and age of the figures
Solvency
19.5%
Return on assets
-0.8%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€16,159
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 d early
2024
52 d early
2023
42 d early
2022
on the day
2021
on the day
2020
1 d late
2019
on the day
← 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 20 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CAKO was incorporated on 9 November 2010.1 Total assets fell from EUR 3.2 million in 2019 to EUR 1.9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€379,867▼ 4.1%
2024 · €396,025
Total assets
€1.9m▼ 11.9%
2024 · €2.2m
Net result
-€16,159▼ 9.1%
2024 · -€14,813
Working capital
€1.1m▼ 11.9%
2024 · €1.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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-€2,760▼ 195%-€5,136▼ 86.1%-€8,648▼ 68.4%-€9,309▼ 7.6%-€10,534▼ 13.2%
Net result-€2,242within the sector's middle half▼ 62.2%-€6,824below the sector's middle half▼ 204%-€11,728below the sector's middle half▼ 71.9%-€14,813below the sector's middle half▼ 26.3%-€16,159below the sector's middle half▼ 9.1%
Equity€429,390above the sector's middle half▼ 0.5%€422,566above the sector's middle half▼ 1.6%€410,838above the sector's middle half▼ 2.8%€396,025above the sector's middle half▼ 3.6%€379,867above the sector's middle half▼ 4.1%
Total assets€2.8mabove the sector's middle half▼ 6.5%€2.6mabove the sector's middle half▼ 6.6%€2.4mabove the sector's middle half▼ 7.8%€2.2mabove the sector's middle half▼ 8.0%€1.9mabove the sector's middle half▼ 11.9%
Debt€2.4m▼ 7.5%€2.2m▼ 7.6%€2.0m▼ 8.8%€1.8m▼ 8.9%€1.6m▼ 13.6%
Working capital€1.9m▼ 9.6%€1.7m▼ 10.2%€1.5m▼ 11.6%€1.3m▼ 13.3%€1.1m▼ 11.9%
Solvency15.4%within the sector's middle half▲ 0.9pp16.3%within the sector's middle half▲ 0.8pp17.1%within the sector's middle half▲ 0.9pp18.0%below the sector's middle half▲ 0.8pp19.5%within the sector's middle half▲ 1.6pp
above within below the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, 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
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€2,760-€2,760Net result 2021: -€2,242-€2,242Operating result 2022: -€5,136-€5,136Net result 2022: -€6,824-€6,824Operating result 2023: -€8,648-€8,648Net result 2023: -€11,728-€11,728Operating result 2024: -€9,309-€9,309Net result 2024: -€14,813-€14,813Operating result 2025: -€10,534-€10,534Net result 2025: -€16,159-€16,15920212022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€8,648-€8,650Net result 2023: -€11,728-€11,700Operating result 2024: -€9,309-€9,310Net result 2024: -€14,813-€14,800Operating result 2025: -€10,534-€10,500Net result 2025: -€16,159-€16,200202320242025
The operating result stays negative: a loss of €10,534 in 2025 against €9,309 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets €519,169 =
Current assets €1.4m ▼ 15.5%
Equity and liabilities €1.9m
Equity €379,867 ▼ 4.1%
Debt €1.6m ▼ 13.6%
Debt's share of the balance-sheet total falls from 82.0% to 80.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
5.13▲
2024 · 4.39
Debt to equity
4.12▼
2024 · 4.57
ROE
-4.3%▼
2024 · -3.7%
ROA
-0.8%▼
2024 · -0.7%
Debt ≤ 1 year
€277,588▼
2024 · €383,854
Debt > 1 year
€1.3m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
0.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,419 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€1.9m▼
Fixed assets21/28€519,169€519,169=
Tangible fixed assets22/27€519,169€519,169=
Land and buildings22€519,169€519,169=
Current assets29/58€1.7m€1.4m▼
Amounts receivable after more than one year29€1.6m€1.4m▼
Trade receivables290€1.6m€1.4m▼
Amounts receivable within one year40/41€33,290€5,381▼
Trade receivables40€33,290€5,381▼
Cash at bank and in hand54/58€35,638€10,144▼
Equity and liabilities
Total equity and liabilities10/49€2.2m€1.9m▼
Equity10/15€396,025€379,867▼
Contributions10/11€750,000€750,000=
Capital10€750,000€750,000=
Issued capital100€750,000€750,000=
Profit (loss) carried forward14-€353,975-€370,133▼
Amounts payable17/49€1.8m€1.6m▼
Amounts payable after more than one year17€1.4m€1.3m▼
Financial debts170/4€1.4m€1.3m▼
Amounts payable within one year42/48€383,854€277,588▼
Current portion of amounts payable after more than one year42€196,667€196,667=
Trade debts44€80,032€16,570▼
Suppliers440/4€80,032€16,570▼
Taxes, remuneration and social security45€12,657€12,271▼
Taxes450/3€12,657€12,271▼
Other amounts payable47/48€94,499€52,081▼
Income statement Code20242025
Other operating charges640/8€20,564€21,791▲
Gross operating margin9900€11,255€11,257=
Operating profit (loss)9901-€9,309-€10,534▼
Financial income75/76B€40,944€36,006▼
Recurring financial income75€40,944€36,006▼
Financial charges65/66B€46,448€41,630▼
Recurring financial charges65€46,448€41,630▼
Profit (loss) for the period before taxes9903-€14,813-€16,159▼
Profit (loss) for the period9904-€14,813-€16,159▼
Profit (loss) for the period to be appropriated9905-€14,813-€16,159▼
Appropriation of the result
Profit (loss) to be appropriated9906-€353,975-€370,133▼
Profit (loss) brought forward from the previous period14P-€339,162-€353,975▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€18,555€17,981€20,564€21,791▲ 6.0%
Gross operating margin9900€9,421€13,419€9,333€11,255€11,257=
Operating profit (loss)9901-€2,760-€5,136-€8,648-€9,309-€10,534▼ 13.2%
Financial income75/76B-€50,819€45,881€40,944€36,006▼ 12.1%
Recurring financial income75€55,757€50,819€45,881€40,944€36,006▼ 12.1%
Financial charges65/66B-€52,507€48,962€46,448€41,630▼ 10.4%
Recurring financial charges65€55,239€52,507€48,962€46,448€41,630▼ 10.4%
Profit (loss) for the period before taxes9903-€2,242-€6,824-€11,728-€14,813-€16,159▼ 9.1%
Profit (loss) for the period9904-€2,242-€6,824-€11,728-€14,813-€16,159▼ 9.1%
Profit (loss) for the period to be appropriated9905-€2,242-€6,824-€11,728-€14,813-€16,159▼ 9.1%
Line20212022202320242025Change
Assets
Total assets20/58€2.8m€2.6m€2.4m€2.2m€1.9m▼ 11.9%
Fixed assets21/28€519,169€519,169€519,169€519,169€519,169=
Tangible fixed assets22/27€519,169€519,169€519,169€519,169€519,169=
Land and buildings22-€519,169€519,169€519,169€519,169=
Current assets29/58€2.3m€2.1m€1.9m€1.7m€1.4m▼ 15.5%
Amounts receivable after more than one year29-€2.0m€1.8m€1.6m€1.4m▼ 12.9%
Trade receivables290-€2.0m€1.8m€1.6m€1.4m▼ 12.9%
Amounts receivable within one year40/41€110€11,373€16,068€33,290€5,381▼ 83.8%
Trade receivables40-€11,373€16,068€33,290€5,381▼ 83.8%
Cash at bank and in hand54/58€23,825€35,788€35,793€35,638€10,144▼ 71.5%
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.6m€2.4m€2.2m€1.9m▼ 11.9%
Equity10/15€429,390€422,566€410,838€396,025€379,867▼ 4.1%
Contributions10/11€750,000€750,000€750,000€750,000€750,000=
Capital10-€750,000€750,000€750,000€750,000=
Issued capital100-€750,000€750,000€750,000€750,000=
Profit (loss) carried forward14-€320,610-€327,434-€339,162-€353,975-€370,133▼ 4.6%
Amounts payable17/49€2.4m€2.2m€2.0m€1.8m€1.6m▼ 13.6%
Amounts payable after more than one year17€2.0m€1.8m€1.6m€1.4m€1.3m▼ 9.8%
Financial debts170/4-€1.8m€1.6m€1.4m€1.3m▼ 9.8%
Amounts payable within one year42/48€370,938€379,778€374,405€383,854€277,588▼ 27.7%
Current portion of amounts payable after more than one year42-€196,667€196,667€196,667€196,667=
Trade debts44€84,269€74,796€75,036€80,032€16,570▼ 79.3%
Suppliers440/4-€74,796€75,036€80,032€16,570▼ 79.3%
Taxes, remuneration and social security45-€13,381€13,113€12,657€12,271▼ 3.1%
Taxes450/3-€13,381€13,113€12,657€12,271▼ 3.1%
Other amounts payable47/48-€94,935€89,589€94,499€52,081▼ 44.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€2,242-€6,824-€11,728-€14,813-€16,159▼ 9.1%
Operating cash flow (approximation)-€2,242-€6,824-€11,728-€14,813-€16,159▼ 9.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€11,963€5-€154-€25,494▼ 16,432%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
17-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial Weakest financial yearnet -€16,159
Net result drops to -€16,159, the lowest in the series.
2024
10-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
31-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
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.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Maaseik · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
4,559 m²
Building footprint
1,483 m²
Volume, LiDAR
1,232 m³
Parcel 72021D0326/00A002, Flanders · tallest building 5.0 m. Linked by address, not a title deed.
1 establishment unit
Cako
Maastrichtersteenweg 163B, 3680 MaaseikProduction of electricity from non-renewable sources
since 20102.195.134.546
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72021D0326/00A002 Flanders 4,559 m² 1 · 1,483 m² 5.0 m
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

1 owner

Chain of control

  1. CAMELEON CONSULT 60%
  2. CAKO

Highest known parent: CAMELEON CONSULT. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Recognitions · licences · registrations

Legal Entity Identifier

6994005PHG72K1YJQL75
live in the LEI register

Similar companies · same sector, comparable size

Of 563 companies in sector 35150 we hold annual accounts for 230. 134 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded09-11-2010
Fiscal year end30-06
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0831269808
Also 9925:BE0831269808
Registered 22-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.