CASA
ActiveSummary
CASA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,698) and a net result of -€52,538. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency24▼-41
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.86 in 2024; short-term debt: 51.6% and cash: 3.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-1.5%
Return on assets
-44.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1,698
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
9 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 23 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Financials · fiscal year 2025, micro schema
Equity
-€1,698
2024 · €50,841
Total assets
€117,092▼ 7.9%
2024 · €127,117
Net result
-€52,538
2024 · €1,365
Working capital
-€40,432▼ 494%
2024 · -€6,803
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,517€1,657▼ 94.6%€3,284▲ 98.2%€4,071▲ 24.0%-€50,503
Net result€22,403▲ 392%€681▼ 97.0%€1,789▲ 163%€1,365▼ 23.7%-€52,538
Equity€60,506▲ 58.8%€47,687▼ 21.2%€49,475▲ 3.8%€50,841▲ 2.8%-€1,698
Total assets€83,656▼ 33.5%€81,880▼ 2.1%€71,569▼ 12.6%€127,117▲ 77.6%€117,092▼ 7.9%
Debt€23,150▼ 73.6%€34,194▲ 47.7%€22,093▼ 35.4%€76,276▲ 245%€118,790▲ 55.7%
Working capital€53,004▲ 53.1%€34,681▼ 34.6%€39,434▲ 13.7%-€6,803-€40,432▼ 494%
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 €50,503 after €4,071 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117,092
Fixed assets
€97,077 ▲ 15.7%
Current assets
€20,015 ▼ 53.6%
Key figures and ratios
EBITDA
-€21,149▼
2024 · €18,285
Cash flow
-€23,184▼
2024 · €15,579
Solvency
-1.5%▼
2024 · 40.0%
Current ratio
0.33▼
2024 · 0.86
Quick ratio
0.27▼
2024 · 0.84
Debt to equity
-69.96▼
2024 · 1.50
ROA
-44.9%▼
2024 · 1.1%
Interest coverage
-11.29▼
2024 · 9.02
Debt ≤ 1 year
€60,447▲
2024 · €49,984
Debt > 1 year
€58,151▲
2024 · €26,140
Income taxes
€237▼
2024 · €726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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%.
| 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 6,640 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10,142 | - | - | €2,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,133 | €3,224 | €4,068 | €14,213 | €29,355 | ▲ 107% |
| Other operating charges640/8 | €1,976 | €1,705 | €2,184 | €1,957 | €3,552 | ▲ 81.5% |
| Gross operating margin9900 | €33,627 | €6,585 | €9,536 | €20,242 | -€17,597 | ▼ 187% |
| Operating profit (loss)9901 | €30,517 | €1,657 | €3,284 | €4,071 | -€50,503 | ▼ 1,341% |
| Financial income75/76B | €2,445 | €226 | €151 | €49 | €75 | ▲ 54.3% |
| Recurring financial income75 | €2,045 | €226 | €151 | €49 | €75 | ▲ 54.3% |
| Non-recurring financial income76B | €400 | - | - | - | - | - |
| Financial charges65/66B | €2,428 | €627 | €647 | €2,028 | €1,873 | ▼ 7.6% |
| Recurring financial charges65 | €2,428 | €627 | €647 | €2,028 | €1,873 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €30,534 | €1,256 | €2,789 | €2,092 | -€52,301 | ▼ 2,600% |
| Income taxes67/77 | €8,131 | €575 | €1,000 | €726 | €237 | ▼ 67.3% |
| Profit (loss) for the period9904 | €22,403 | €681 | €1,789 | €1,365 | -€52,538 | ▼ 3,948% |
| Profit (loss) for the period to be appropriated9905 | €22,403 | €681 | €1,789 | €1,365 | -€52,538 | ▼ 3,948% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,656 | €81,880 | €71,569 | €127,117 | €117,092 | ▼ 7.9% |
| Fixed assets21/28 | €10,759 | €13,006 | €10,077 | €83,936 | €97,077 | ▲ 15.7% |
| Tangible fixed assets22/27 | €7,759 | €10,006 | €7,077 | €80,936 | €94,077 | ▲ 16.2% |
| Plant, machinery and equipment23 | €660 | €5,490 | €5,145 | €3,319 | €5,064 | ▲ 52.6% |
| Furniture and vehicles24 | €7,099 | €4,516 | €1,932 | €77,617 | €89,013 | ▲ 14.7% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €72,897 | €68,874 | €61,491 | €43,181 | €20,015 | ▼ 53.6% |
| Amounts receivable after more than one year29 | €56,517 | €33 | - | - | - | - |
| Other amounts receivable291 | €56,517 | €33 | - | - | - | - |
| Stocks and contracts in progress3 | €1,148 | €2,223 | €344 | €1,288 | €3,622 | ▲ 181% |
| Stocks30/36 | €1,148 | €2,223 | €344 | €1,288 | €3,622 | ▲ 181% |
| Amounts receivable within one year40/41 | €11,400 | €59,097 | €41,752 | €33,902 | €12,246 | ▼ 63.9% |
| Trade receivables40 | €5,237 | €49,901 | €35,656 | €27,780 | €10,508 | ▼ 62.2% |
| Other amounts receivable41 | €6,163 | €9,197 | €6,097 | €6,122 | €1,738 | ▼ 71.6% |
| Cash at bank and in hand54/58 | €3,832 | €6,947 | €18,821 | €7,991 | €4,147 | ▼ 48.1% |
| Deferred charges and accrued income490/1 | - | €574 | €574 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,656 | €81,880 | €71,569 | €127,117 | €117,092 | ▼ 7.9% |
| Equity10/15 | €60,506 | €47,687 | €49,475 | €50,841 | -€1,698 | ▼ 103% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €34,979 | €21,479 | €24,000 | €26,000 | €26,000 | = |
| Non-distributable reserves130/1 | €2,479 | €2,479 | - | - | - | - |
| Reserves not available under the articles1311 | €2,479 | €2,479 | - | - | - | - |
| Distributable reserves133 | €32,500 | €19,000 | €24,000 | €26,000 | €26,000 | = |
| Profit (loss) carried forward14 | €737 | €1,418 | €686 | €51 | -€52,487 | ▼ 102,514% |
| Amounts payable17/49 | €23,150 | €34,194 | €22,093 | €76,276 | €118,790 | ▲ 55.7% |
| Amounts payable after more than one year17 | €3,256 | - | - | €26,140 | €58,151 | ▲ 122% |
| Financial debts170/4 | €3,256 | - | - | €26,140 | €58,151 | ▲ 122% |
| Amounts payable within one year42/48 | €19,894 | €34,194 | €22,057 | €49,984 | €60,447 | ▲ 20.9% |
| Current portion of amounts payable after more than one year42 | €3,856 | €8,267 | - | €7,670 | €7,944 | ▲ 3.6% |
| Trade debts44 | €6,213 | €25,857 | €20,998 | €31,588 | €9,278 | ▼ 70.6% |
| Suppliers440/4 | €6,213 | €25,857 | €20,998 | €31,588 | €9,278 | ▼ 70.6% |
| Taxes, remuneration and social security45 | €8,131 | - | €1,060 | €726 | - | - |
| Taxes450/3 | €8,131 | - | €1,060 | €726 | - | - |
| Other amounts payable47/48 | €1,693 | €69 | - | €10,000 | €43,225 | ▲ 332% |
| Accrued charges and deferred income492/3 | - | - | €36 | €152 | €192 | ▲ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,403 | €681 | €1,789 | €1,365 | -€52,538 | ▼ 3,948% |
| + Depreciation and write-downs630 | €1,133 | €3,224 | €4,068 | €14,213 | €29,355 | ▲ 107% |
| Operating cash flow (approximation) | €23,537 | €3,904 | €5,857 | €15,579 | -€23,184 | ▼ 249% |
| Investment in fixed assets (approximation) | - | -€5,471 | -€1,140 | -€88,072 | -€42,496 | ▲ 51.7% |
| Change in cash | - | €3,116 | €11,873 | -€10,830 | -€3,844 | ▲ 64.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€52,538
Net result drops to -€52,538, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €22,403 ▲392%
Operating result €30,517, net result €22,403, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.66
Current ratio from 1.39 to 3.66; short-term debt falls from €87,712 to €19,894.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €9,101
Net result €9,101 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ranst · 1 establishment unit since 1989
Ground area
708 m²
Building footprint
212 m²
Volume, LiDAR
1,021 m³
Parcel 11035C0442/00L000, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CASA CVBA
since 19892.045.642.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035C0442/00L000 | Flanders | 708 m² | 1 · 212 m² | 9.6 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 92 EUR awarded · 92 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 92 EUR | 92 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,585 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
43350Other building finishing work
47110Non-specialised retail sale with food, beverages or tobacco predominating
56111Full-service restaurants
56120Mobile food service activities
56210Event catering
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438715558
Also
9925:BE0438715558
Registered
02-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.