CASA
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (30 days) Filed on 30 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00436917.
Equity
€34,581▼ 6.7%
2022 · €37,077
Total assets
€226,519▲ 53.7%
2022 · €147,372
Net result
-€2,496
2022 · €5,581
Working capital
€42,959▲ 13.9%
2022 · €37,722
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 71% below 2022 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€3,351
2023
Net result-€2,496
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€226,519
2023
Equity€34,581
2023
Debt€191,938
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€42,959
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.1%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency15.3%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.24
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€5,761-€19,556▲ 239%€4,762▼ 75.6%€4,627▼ 2.8%€11,532▲ 149%€3,351▼ 70.9%
Net result€2,864-€13,737▲ 380%€3,788within the sector's middle half▼ 72.4%€766within the sector's middle half▼ 79.8%€5,581within the sector's middle half▲ 628%-€2,496within the sector's middle half
Equity€16,970-€30,707▲ 80.9%€34,495below the sector's middle half▲ 12.3%€35,262below the sector's middle half▲ 2.2%€37,077below the sector's middle half▲ 5.1%€34,581below the sector's middle half▼ 6.7%
Total assets€66,678-€75,868▲ 13.8%€82,871below the sector's middle half▲ 9.2%€138,342below the sector's middle half▲ 66.9%€147,372below the sector's middle half▲ 6.5%€226,519below the sector's middle half▲ 53.7%
Debt€49,708-€45,161▼ 9.1%€48,376▲ 7.1%€103,080▲ 113%€110,295▲ 7.0%€191,938▲ 74.0%
Working capital-€2,822-€20,672€18,738within the sector's middle half▼ 9.4%€25,865within the sector's middle half▲ 38.0%€37,722within the sector's middle half▲ 45.8%€42,959within the sector's middle half▲ 13.9%
Solvency25.5%-40.5%▲ 15.0pp41.6%within the sector's middle half▲ 1.2pp25.5%within the sector's middle half▼ 16.1pp25.2%within the sector's middle half▼ 0.3pp15.3%within the sector's middle half▼ 9.9pp
Current ratio0.94-1.46▲ 0.521.50within the sector's middle half▲ 0.051.44within the sector's middle half▼ 0.061.48within the sector's middle half▲ 0.041.24within the sector's middle half▼ 0.23
Return on assets (ROA)4.3%-18.1%▲ 13.8pp4.6%within the sector's middle half▼ 13.5pp0.6%within the sector's middle half▼ 4.0pp3.8%within the sector's middle half▲ 3.2pp-1.1%within the sector's middle half▼ 4.9pp
Staff (FTE)6-3.8▼ 36.7%1within the sector's middle half▼ 73.7%2.6within the sector's middle half▲ 160%2within the sector's middle half▼ 23.1%2within the sector's middle half=
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €226,519
Fixed assets
€8,063 ▼ 73.7%
Current assets
€218,456 ▲ 87.2%
Equity and liabilities €226,519
Equity
€34,581 ▼ 6.7%
Debt
€191,938 ▲ 74.0%
Debt's share of the balance-sheet total rises from 74.8% to 84.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,934▼
2022 · €34,219
Cash flow
€20,087▼
2022 · €28,268
Debt to equity
5.55▲
2022 · 2.97
ROE
-7.2%▼
2022 · 15.1%
Interest coverage
24.93▲
2022 · 9.10
Debt ≤ 1 year
€175,497▲
2022 · €79,003
Debt > 1 year
€2,557▼
2022 · €17,791
Income taxes
€4,814▲
2022 · €2,214
Staff costs
€133,402▲
2022 · €119,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €123,214 | €119,557 | €133,402 | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,112 | €13,438 | €14,115 | €21,521 | €22,687 | €22,583 | ▼ 0.5% |
| Other operating charges640/8 | - | - | - | €1,389 | €2,493 | €19,502 | ▲ 682% |
| Gross operating margin9900 | €262,430 | €220,017 | €57,250 | €150,752 | €156,269 | €178,838 | ▲ 14.4% |
| Operating profit (loss)9901 | €5,761 | €19,556 | €4,762 | €4,627 | €11,532 | €3,351 | ▼ 70.9% |
| Financial income75/76B | - | - | - | - | €24 | €7 | ▼ 71.7% |
| Recurring financial income75 | - | - | €80 | - | €24 | €7 | ▼ 71.7% |
| Financial charges65/66B | - | - | - | €2,928 | €3,761 | €1,040 | ▼ 72.3% |
| Recurring financial charges65 | €1,151 | €191 | €675 | €2,928 | €3,761 | €1,040 | ▼ 72.3% |
| Profit (loss) for the period before taxes9903 | €4,610 | €19,365 | €4,167 | €1,699 | €7,795 | €2,318 | ▼ 70.3% |
| Income taxes67/77 | €1,746 | €5,628 | €379 | €933 | €2,214 | €4,814 | ▲ 117% |
| Profit (loss) for the period9904 | €2,864 | €13,737 | €3,788 | €766 | €5,581 | -€2,496 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €4,140 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2,864 | €13,737 | €3,788 | €4,906 | €5,581 | -€2,496 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €66,678 | €75,868 | €82,871 | €138,342 | €147,372 | €226,519 | ▲ 53.7% |
| Fixed assets21/28 | €20,892 | €10,035 | €26,975 | €53,859 | €30,647 | €8,063 | ▼ 73.7% |
| Tangible fixed assets22/27 | €20,367 | €9,510 | €26,450 | €53,334 | €30,647 | €8,063 | ▼ 73.7% |
| Plant, machinery and equipment23 | - | - | - | €35,298 | €18,604 | €2,013 | ▼ 89.2% |
| Furniture and vehicles24 | - | - | - | €18,035 | €12,043 | €6,051 | ▼ 49.8% |
| Financial fixed assets28 | €525 | €525 | €525 | €525 | - | - | - |
| Current assets29/58 | €45,786 | €65,833 | €55,896 | €84,483 | €116,725 | €218,456 | ▲ 87.2% |
| Stocks and contracts in progress3 | - | - | €5,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €40,723 | €48,522 | €36,125 | €76,417 | €106,176 | €218,226 | ▲ 106% |
| Trade receivables40 | - | - | - | €60,108 | €92,943 | €209,326 | ▲ 125% |
| Other amounts receivable41 | - | - | - | €16,309 | €13,233 | €8,900 | ▼ 32.7% |
| Cash at bank and in hand54/58 | €4,932 | €13,444 | €14,638 | €7,988 | €10,519 | €199 | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | - | - | €79 | €30 | €30 | ▲ 1.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €66,678 | €75,868 | €82,871 | €138,342 | €147,372 | €226,519 | ▲ 53.7% |
| Equity10/15 | €16,970 | €30,707 | €34,495 | €35,262 | €37,077 | €34,581 | ▼ 6.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €10,770 | €24,507 | €28,295 | €29,062 | €30,877 | €30,877 | = |
| Distributable reserves133 | - | - | - | €29,062 | €30,877 | €30,877 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€2,496 | - |
| Amounts payable17/49 | €49,708 | €45,161 | €48,376 | €103,080 | €110,295 | €191,938 | ▲ 74.0% |
| Amounts payable after more than one year17 | - | - | €11,218 | €44,462 | €17,791 | €2,557 | ▼ 85.6% |
| Financial debts170/4 | - | - | - | €44,462 | €17,791 | €2,557 | ▼ 85.6% |
| Amounts payable within one year42/48 | €48,608 | €45,161 | €37,158 | €58,618 | €79,003 | €175,497 | ▲ 122% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,486 | €16,670 | €15,235 | ▼ 8.6% |
| Trade debts44 | €11,361 | €23,553 | €4,228 | €6,468 | €34,362 | €102,831 | ▲ 199% |
| Suppliers440/4 | - | - | - | €6,468 | €34,362 | €102,831 | ▲ 199% |
| Taxes, remuneration and social security45 | - | - | - | €22,823 | €24,189 | €51,758 | ▲ 114% |
| Taxes450/3 | - | - | - | €1,311 | €2,214 | €7,896 | ▲ 257% |
| Remuneration and social security454/9 | - | - | - | €21,512 | €21,975 | €43,861 | ▲ 99.6% |
| Other amounts payable47/48 | - | - | - | €4,841 | €3,782 | €5,674 | ▲ 50.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €13,500 | €13,884 | ▲ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,864 | €13,737 | €3,788 | €766 | €5,581 | -€2,496 | - |
| + Depreciation and write-downs630 | €14,112 | €13,438 | €14,115 | €21,521 | €22,687 | €22,583 | ▼ 0.5% |
| Operating cash flow (approximation) | €16,976 | €27,175 | €17,903 | €22,288 | €28,268 | €20,087 | ▼ 28.9% |
| Investment in fixed assets (approximation) | - | -€2,581 | -€31,055 | -€48,405 | €525 | €0 | ▼ 100% |
| Change in cash | - | €8,512 | €1,194 | -€6,650 | €2,532 | -€10,320 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00436917 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00403778 |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20203011 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-60000217 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48200123 |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-42400160 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56200235 |
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Of the 9,535 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,345. 4,656 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €143 awarded · €143 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.