CAS-VOS
ActiveCAS-VOS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.41M and a net result of €795k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 334 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
71
/ 100
Healthy▲ +29 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability29▲+20
Solvency30▲+1
Growth85▲+17
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days only on tighter terms
Liquidity tight (current ratio 1.27 against 1.3 in 2023), and 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 334 sector peers (2024).
NBB · sector comparisonPosition among 334 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 224 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline12-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 22-08-2025, 203 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
203 d late
2023
104 d late
2022
5 d early
2021
3 d early
2020
20 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€90.97M▼ 8.0%
2023 · €98.84M
2019: €27.90M
2020: €25.34M
2021: €29.53M
2022: €73.53M
2023: €98.84M
2019 → 2024
EBIT margin
3.0%▲ 2.9pp
2023 · 0.1%
2019: 3.1%
2020: 2.2%
2021: 8.3%
2022: 10.0%
2023: 0.1%
2019 → 2024
Net result
€795k
2023 · €-587k
2019: €619k
2020: €371k
2021: €1.71M
2022: €5.20M
2023: €-587k
2019 → 2024
Working capital
€9.61M▼ 10.6%
2023 · €10.74M
2019: €3.85M
2020: €1.36M
2021: €2.14M
2022: €13.03M
2023: €10.74M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€25.34M-€29.53M▲ 16.5%€73.53M▲ 149%€98.84M▲ 34.4%€90.97M▼ 8.0%
Equity€4.18M-€5.90M▲ 40.9%€11.10M▲ 88.2%€9.61M▼ 13.4%€10.41M▲ 8.3%
Operating result€560k-€2.46M▲ 340%€7.34M▲ 198%€81k▼ 98.9%€2.73M▲ 3,282%
Net result€371k-€1.71M▲ 361%€5.20M▲ 204%€-587k€795k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3,282% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52.09M
Fixed assets
€7.05M▼ 10.2%
Current assets
€45.04M▼ 3.6%
Equity and liabilities €52.09M
Equity
€10.41M▲ 8.3%
Debt
€41.68M▼ 7.3%
The debt ratio falls from 82.4% to 80.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.80M▲
2023 · €1.22M
Cash flow
€1.87M▲
2023 · €556k
Solvency
20.0%▲
2023 · 17.6%
Current ratio
1.27▼
2023 · 1.30
Quick ratio
1.27▼
2023 · 1.30
Debt / equity
4.01▼
2023 · 4.68
ROE
7.6%▲
2023 · -6.1%
ROA
1.5%▲
2023 · -1.1%
Interest coverage
4.49▲
2023 · 2.15
Debt
€41.68M▼
2023 · €44.95M
Debt ≤ 1 year
€35.44M▼
2023 · €35.97M
Debt > 1 year
€6.25M▼
2023 · €8.75M
Income taxes
€945k▲
2023 · €183k
Staff costs
€21.17M▲
2023 · €18.93M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€54.56M€52.09M▼
Fixed assets21/28€7.84M€7.05M▼
Intangible fixed assets21€5.68M€5.02M▼
Tangible fixed assets22/27€2.14M€2.02M▼
Plant, machinery and equipment23€448k€476k▲
Furniture and vehicles24€365k€254k▼
Other tangible fixed assets26€1.33M€1.28M▼
Financial fixed assets28€25k€14k▼
Other financial fixed assets284/8€25k€14k▼
Amounts receivable and cash guarantees285/8€25k€14k▼
Current assets29/58€46.72M€45.04M▼
Amounts receivable after more than one year29€400k€200k▼
Other amounts receivable291€400k€200k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Raw materials and consumables30/31€2k€2k=
Amounts receivable within one year40/41€42.81M€41.47M▼
Trade receivables40€33.47M€32.78M▼
Other amounts receivable41€9.34M€8.69M▼
Cash at bank and in hand54/58€3.27M€3.08M▼
Deferred charges and accrued income490/1€231k€289k▲
Equity and liabilities
Total equity and liabilities10/49€54.56M€52.09M▼
Equity10/15€9.61M€10.41M▲
Contributions10/11€515k€515k=
Reserves13€9.10M€9.89M▲
Tax-exempt reserves132€80k€80k=
Distributable reserves133€9.02M€9.81M▲
Profit (loss) carried forward14€100€0▼
Amounts payable17/49€44.95M€41.68M▼
Amounts payable after more than one year17€8.75M€6.25M▼
Financial debts170/4€8.75M€6.25M▼
Credit institutions173€8.75M€6.25M▼
Amounts payable within one year42/48€35.97M€35.44M▼
Current portion of amounts payable after more than one year42€2.82M€3.08M▲
Financial debts43€6.54M€5.97M▼
Credit institutions430/8€6.54M€5.97M▼
Trade debts44€19.28M€19.05M▼
Suppliers440/4€19.28M€19.05M▼
Taxes, remuneration and social security45€2.71M€2.45M▼
Taxes450/3€196k€245k▲
Remuneration and social security454/9€2.52M€2.21M▼
Other amounts payable47/48€4.63M€4.89M▲
Accrued charges and deferred income492/3€223k€0▼
Income statement
Code20232024
Operating income70/76A€99.98M€91.98M▼
Turnover70€98.84M€90.97M▼
Other operating income74€961k€883k▼
Non-recurring operating income76A€181k€133k▼
Operating charges60/66A€99.90M€89.25M▼
Goods for resale, raw materials and consumables60€62.37M€49.71M▼
Purchases600/8€62.37M€49.71M▼
Services and other goods61€16.67M€16.48M▼
Remuneration, social security and pensions62€18.93M€21.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.14M€1.07M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€2k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€782k€814k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€81k€2.73M▲
Financial income75/76B€260k€120k▼
Recurring financial income75€260k€120k▼
Income from financial fixed assets750€225€0▼
Income from current assets751€94k€87k▼
Other financial income752/9€166k€32k▼
Financial charges65/66B€745k€1.11M▲
Recurring financial charges65€745k€1.11M▲
Debt charges650€568k€846k▲
Other financial charges652/9€177k€264k▲
Profit (loss) for the period before taxes9903€-404k€1.74M▲
Income taxes67/77€183k€945k▲
Taxes670/3€183k€945k▲
Profit (loss) for the period9904€-587k€795k▲
Profit (loss) for the period to be appropriated9905€-587k€795k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-587k€795k▲
Profit (loss) brought forward from the previous period14P€100€100=
Transfer from equity791/2€1.49M€0▼
From reserves792€1.49M€0▼
Transfer to equity691/2€0€795k▲
To other reserves6921€0€795k▲
Profit to be distributed694/7€900k€0▼
Return on contributions (dividend)694€900k€0▼
Social balance
Average headcount (FTE)9087324.7343.3▲
The notes to these accounts (71 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 203 days late
2024
30-06
Financial
Back to profitnet €795k
Net result €795k after one loss-making year.
30-06
Financial
Equity above €10MEq €10.41M ▲8.3%
Equity rises from €9.61M to €10.41M.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 104 days late
2023
30-06
Financial
Weakest financial yearnet €-587k ▼111%
Net result drops to €-587k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Highest result since 2019net €5.20M ▲204%
Operating result €7.34M, net result €5.20M, both a record.
30-06
Financial
Equity above €10MEq €11.10M ▲88.2%
4 profitable years in a row build equity to €11.10M.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Equity above €5MEq €5.90M ▲40.9%
3 profitable years in a row build equity to €5.90M.
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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-Niklaas · 2 establishment units since 2002
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.
Europark-Oost 159100 Sint-NiklaasGround area
8,157 m²
Building footprint
2,077 m²
Volume, LiDAR
14,534 m³
Parcel 46442C0428/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
CAS-VOS
since 20022.114.292.964
CAS-VOS
since 20112.214.160.503
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0428/00G000 | Flanders | 8,157 m² | 1 · 2,077 m² | 8.0 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.
Similar companies · same sector, comparable size
IZEN ENERGY SYSTEMS
BE 0461.969.032
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ARGEA
BE 0420.191.528
Ukkel · Eq €10.68M
FODETRA-HOTTON INFRA
BE 0419.453.437
Courcelles · Eq €9.38M
Circet Projects
BE 0464.702.650
Zaventem · Eq €8.69M
CONA
BE 0479.813.270
Lokeren · Eq €8.63M
Of 1,806 companies in sector 42220 we hold annual accounts for 947. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2002
Fiscal year end30-06
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.