CAS CONCEPT
Open bankruptcyA bankruptcy procedure is open for CAS CONCEPT according to publications in the Belgian State Gazette; curator: ALAIN HENDERICKX. The 2023 annual accounts show equity of €174k and a net result of €107k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-09-2024, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
42 d late
2022
33 d early
2021
34 d early
2020
124 d late
2019
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€1.41M▼ 28.5%
2022 · €1.97M
2019: €1.21M
2020: €368k
2021: €648k
2022: €1.97M
2019 → 2023
EBIT margin
11.6%▲ 10.1pp
2022 · 1.6%
2019: -0.4%
2020: -2.0%
2021: 1.2%
2022: 1.6%
2019 → 2023
Net result
€107k▲ 424%
2022 · €20k
2019: €-6k
2020: €-13k
2021: €-400
2022: €20k
2019 → 2023
Working capital
€151k▲ 184%
2022 · €53k
2019: €58k
2020: €45k
2021: €33k
2022: €53k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.21M-€368k▼ 69.6%€648k▲ 75.9%€1.97M▲ 204%€1.41M▼ 28.5%
Equity€61k-€48k▼ 21.6%€47k▼ 0.8%€67k▲ 43.1%€174k▲ 158%
Operating result€-5k-€-7k▼ 49.7%€8k€31k▲ 299%€164k▲ 425%
Net result€-6k-€-13k▼ 108%€-400▲ 96.9%€20k€107k▲ 424%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 425% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €237k
Fixed assets
€24k▲ 63.3%
Current assets
€214k▼ 61.2%
Equity and liabilities €237k
Equity
€174k▲ 158%
Debt
€63k▼ 87.3%
The debt ratio falls from 88.1% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€172k▲
2022 · €37k
Cash flow
€114k▲
2022 · €26k
Solvency
73.4%▲
2022 · 11.9%
Current ratio
3.39▲
2022 · 1.11
Quick ratio
3.39▲
2022 · 1.11
Debt / equity
0.36▼
2022 · 7.38
ROE
61.2%▲
2022 · 30.1%
ROA
44.9%▲
2022 · 3.6%
Interest coverage
43.40▼
2022 · 82.44
Debt
€63k▼
2022 · €498k
Debt ≤ 1 year
€63k▼
2022 · €498k
Income taxes
€53k▲
2022 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€565k€237k▼
Fixed assets21/28€14k€24k▲
Tangible fixed assets22/27€14k€24k▲
Plant, machinery and equipment23-€15k
Furniture and vehicles24€14k€8k▼
Current assets29/58€551k€214k▼
Amounts receivable within one year40/41€488k€157k▼
Trade receivables40€485k€133k▼
Other amounts receivable41€4k€24k▲
Cash at bank and in hand54/58€63k€56k▼
Equity and liabilities
Total equity and liabilities10/49€565k€237k▼
Equity10/15€67k€174k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€47k€154k▲
Amounts payable17/49€498k€63k▼
Amounts payable within one year42/48€498k€63k▼
Trade debts44€484k€22k▼
Suppliers440/4€484k€22k▼
Taxes, remuneration and social security45€14k€41k▲
Taxes450/3€14k€41k▲
Remuneration and social security454/9€0-
Income statement
Code20222023
Turnover70€1.97M€1.41M▼
Goods, raw materials, services and sundry goods60/61€1.93M€1.24M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€42k€173k▲
Operating profit (loss)9901€31k€164k▲
Financial income75/76B€6€4▼
Recurring financial income75€6€4▼
Financial charges65/66B€451€4k▲
Recurring financial charges65€451€4k▲
Profit (loss) for the period before taxes9903€31k€160k▲
Income taxes67/77€10k€53k▲
Profit (loss) for the period9904€20k€107k▲
Profit (loss) for the period to be appropriated9905€20k€107k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€154k▲
Profit (loss) brought forward from the previous period14P€27k€47k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL CAS CONCEPT AVENUE CHARLES-QUINT 584, 1082 BERCHEM-SAINTE-AGATHE · event 02-06-2025
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
31-12
Financial
Highest result since 2019net €107k ▲424%
Operating result €164k, net result €107k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.39
Current ratio from 1.11 to 3.39; short-term debt falls from €498k to €63k.
31-12
Financial
Equity above €150kEq €174k ▲158%
2 profitable years in a row build equity to €174k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 124 days late
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 12.95
Current ratio from 1.31 to 12.95; short-term debt falls from €188k to €4k.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Agatha-Berchem · 1 establishment unit since 2012
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.
Keizer Karellaan 5841082 Sint-Agatha-BerchemGround area
9,383 m²
Building footprint
5,963 m²
Volume, LiDAR
74,431 m³
2 parcels, Brussels, Wallonia · tallest building 47.0 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Industrie 17, 1400 Nivelles
since 20122.209.497.078
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0576/00B010 | Wallonia | 6,400 m² | 1 · 4,674 m² | 8.3 m · 2 fl. |
| 21003A0289/00L011 | Brussels | 2,983 m² | 1 · 1,288 m² | 47.0 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 IXELLES |
02-06-2025 → present |
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,367 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-2012
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.