Cas Group
ActiveSummary
The computed 12-month bankruptcy probability of Cas Group is 3.2% (moderate). The annual accounts of Cas Group for fiscal year 2025 show a net loss of 66% of total assets and of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-11k. Equity is growing by ~69.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 27786 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency89▲+4
Growth52▼-26
Track record82
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.28 against 2.4 in 2024; short-term debt: 35.6% and cash: 0.9% of total assets), and 35.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
64.4%
Return on assets
-66.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 3 filingsDeviation from the deadline
2025
11 d late
2024
23 d early
2023
70 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 50.8%
2024 · €21k
2023: €-4k
2024: €21k
2023 → 2025
Total assets
€16k▼ 54.3%
2024 · €36k
2023: €909
2024: €36k
2023 → 2025
Net result
€-11k
2024 · €25k
2023: €-5k
2024: €25k
2023 → 2025
Working capital
€7k▼ 63.1%
2024 · €20k
2023: €-4k
2024: €20k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-4k-€21k€11k▼ 50.8%
Operating result€-5k-€31k€-11k
Net result€-5k-€25k€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€3k ▲ 147%
Current assets
€13k ▼ 61.7%
Equity and liabilities €16k
Equity
€11k ▼ 50.8%
Debt
€6k ▼ 59.6%
Debt's share of the balance-sheet total falls from 40.3% to 35.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €31k
Cash flow
€-10k▼
2024 · €26k
Current ratio
2.28▼
2024 · 2.40
Debt to equity
0.55▼
2024 · 0.67
ROE
-103.1%▼
2024 · 119.3%
ROA
-66.4%▼
2024 · 71.3%
Interest coverage
-201.50▼
2024 · 233.42
Debt ≤ 1 year
€6k▼
2024 · €14k
Staff costs
€98
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€36k€16k▼
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€1k€3k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24-€2k
Current assets29/58€35k€13k▼
Amounts receivable within one year40/41€18k€13k▼
Trade receivables40€8k-
Other amounts receivable41€10k€13k▲
Cash at bank and in hand54/58€16k€142▼
Equity and liabilities
Total equity and liabilities10/49€36k€16k▼
Equity10/15€21k€11k▼
Contributions10/11€1k€1k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14-€-11k
Amounts payable17/49€14k€6k▼
Amounts payable within one year42/48€14k€6k▼
Trade debts44€9k€481▼
Suppliers440/4€9k€481▼
Taxes, remuneration and social security45€5k€5k=
Taxes450/3€5k€5k=
Income statement
Code20242025
Remuneration, social security and pensions62-€98
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€403€1k▲
Other operating charges640/8€542€286▼
Gross operating margin9900€32k€-10k▼
Operating profit (loss)9901€31k€-11k▼
Financial income75/76B-€686
Recurring financial income75-€686
Financial charges65/66B€134€51▼
Recurring financial charges65€134€51▼
Profit (loss) for the period before taxes9903€31k€-11k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€25k€-11k▼
Profit (loss) for the period to be appropriated9905€25k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-11k▼
Profit (loss) brought forward from the previous period14P€-5k-
Transfer to equity691/2€20k-
To other reserves6921€20k-
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
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Weakest financial yearnet €-11k ▼143%
Net result drops to €-11k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 2.40
Current ratio from 0.18 to 2.40.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2023
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.
Zeven Septemberlaan 283550 Heusden-ZolderGround area
310 m²
Building footprint
81 m²
Volume, LiDAR
429 m³
Parcel 71025A0101/00S003, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cas Group
since 20232.351.995.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A0101/00S003 | Flanders | 310 m² | 1 · 81 m² | 9.1 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesCas Group BV43379
Similar companies · same sector, comparable size
PACOWIN
BE 0537.229.649
Hasselt · Eq €10,521
Tomatech
BE 0765.974.257
Merksplas · Eq €10,522
Renov-Home
BE 0835.416.260
Anthisnes · Eq €10,527
Nergye
BE 0759.882.954
Hasselt · Eq €10,509
NETCAB SOLUTIONS
BE 0743.916.655
Waremme · Eq €10,505
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,673 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.