CASA HUMA
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00459584.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 30 filings
Turnover
≈ €53,000
Estimated: probably between €23,000 and €130,000
EBIT margin
Not included in this filing
Net result
€8,823
2024 · -€550
Working capital
€104,401▲ 3.5%
2024 · €100,850
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€11,619
2025
20182025
Net result
€8,823
2025
middle half of the sector
20182025
Equity
€109,667
▲ 8.7%
2025
middle half of the sector
20182025
Total assets
€113,300
▲ 8.3%
2025
lowest quarter of the sector
20182025
Debt
€3,633
▼ 4.0%
2025
20182025
Working capital
€104,401
▲ 3.5%
2025
middle half of the sector
20182025
Solvency
96.8%
▲ 0.4pp
2025
highest quarter of the sector
20182025
Current ratio
29.74
▲ 2.03
2025
highest quarter of the sector
20182025
Return on assets (ROA)
7.8%
▲ 8.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€426--€423▲ 0.9%-€589▼ 39.3%-€421▲ 28.6%-€405▲ 3.8%-€448▼ 10.8%-€483▼ 7.8%€11,619
Net result-€472--€482▼ 2.0%-€647below the sector's middle half▼ 34.3%-€483below the sector's middle half▲ 25.4%-€464below the sector's middle half▲ 3.9%-€515below the sector's middle half▼ 11.0%-€550below the sector's middle half▼ 6.9%€8,823within the sector's middle half
Equity€103,984-€103,502▼ 0.5%€102,855within the sector's middle half▼ 0.6%€102,373within the sector's middle half▼ 0.5%€101,909within the sector's middle half▼ 0.5%€101,394within the sector's middle half▼ 0.5%€100,843within the sector's middle half▼ 0.5%€109,667within the sector's middle half▲ 8.7%
Total assets€117,486-€109,671▼ 6.7%€105,122below the sector's middle half▼ 4.1%€104,717within the sector's middle half▼ 0.4%€105,150within the sector's middle half▲ 0.4%€114,840within the sector's middle half▲ 9.2%€104,626within the sector's middle half▼ 8.9%€113,300below the sector's middle half▲ 8.3%
Debt€13,502-€6,168▼ 54.3%€2,267▼ 63.3%€2,345▲ 3.4%€3,241▲ 38.2%€13,446▲ 315%€3,783▼ 71.9%€3,633▼ 4.0%
Working capital€103,984-€103,502▼ 0.5%€102,855within the sector's middle half▼ 0.6%€102,378within the sector's middle half▼ 0.5%€101,915within the sector's middle half▼ 0.5%€101,400within the sector's middle half▼ 0.5%€100,850within the sector's middle half▼ 0.5%€104,401within the sector's middle half▲ 3.5%
Solvency88.5%-94.4%▲ 5.9pp97.8%above the sector's middle half▲ 3.5pp97.8%above the sector's middle half▼ 0.1pp96.9%above the sector's middle half▼ 0.8pp88.3%above the sector's middle half▼ 8.6pp96.4%above the sector's middle half▲ 8.1pp96.8%above the sector's middle half▲ 0.4pp
Current ratio8.70-17.78▲ 9.0846.38above the sector's middle half▲ 28.6044.76above the sector's middle half▼ 1.6232.50above the sector's middle half▼ 12.258.54above the sector's middle half▼ 23.9627.71above the sector's middle half▲ 19.1629.74above the sector's middle half▲ 2.03
Return on assets (ROA)-0.4%--0.4%=-0.6%below the sector's middle half▼ 0.2pp-0.5%below the sector's middle half▲ 0.2pp-0.4%below the sector's middle half=-0.4%below the sector's middle half=-0.5%below the sector's middle half▼ 0.1pp7.8%within the sector's middle half▲ 8.3pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €11,619, after a loss of €483 in 2024. It is the highest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113,300
Fixed assets
€5,266
Current assets
€108,034
Equity and liabilities €113,300
Equity
€109,667 ▲ 8.7%
Debt
€3,633 ▼ 4.0%
Debt's share of the balance-sheet total falls from 3.6% to 3.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,252
Cash flow
€9,457
Debt to equity
0.03▼
2024 · 0.04
ROE
8.0%▲
2024 · -0.5%
Interest coverage
71.51
Debt ≤ 1 year
€3,633▼
2024 · €3,776
Income taxes
€2,625
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €5,899 |
| Depreciation and write-downs of the year | - | - | - | - | €634 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | - | €634 | - |
| Other operating charges640/8 | - | - | - | - | - | - | - | €995 | - |
| Gross operating margin9900 | - | -€75 | -€589 | -€421 | -€405 | -€448 | -€483 | €13,248 | - |
| Operating profit (loss)9901 | -€426 | -€423 | -€589 | -€421 | -€405 | -€448 | -€483 | €11,619 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €62 | €59 | €67 | €68 | €171 | ▲ 153% |
| Recurring financial charges65 | €46 | €59 | €58 | €62 | €59 | €67 | €68 | €171 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | -€472 | -€482 | -€647 | -€483 | -€464 | -€515 | -€550 | €11,448 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €2,625 | - |
| Profit (loss) for the period9904 | -€472 | -€482 | -€647 | -€483 | -€464 | -€515 | -€550 | €8,823 | - |
| Profit (loss) for the period to be appropriated9905 | -€472 | -€482 | -€647 | -€483 | -€464 | -€515 | -€550 | €8,823 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €117,486 | €109,671 | €105,122 | €104,717 | €105,150 | €114,840 | €104,626 | €113,300 | ▲ 8.3% |
| Fixed assets21/28 | - | - | - | - | - | - | - | €5,266 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €5,266 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €5,266 | - |
| Current assets29/58 | €117,486 | €109,671 | €105,122 | €104,717 | €105,150 | €114,840 | €104,626 | €108,034 | ▲ 3.3% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €70,000 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €70,000 | - |
| Amounts receivable within one year40/41 | €104,495 | €104,495 | €103,968 | €103,968 | €103,968 | €103,968 | €103,968 | €28,896 | ▼ 72.2% |
| Trade receivables40 | - | - | - | - | - | - | - | €27,000 | - |
| Other amounts receivable41 | - | - | - | €103,968 | €103,968 | €103,968 | €103,968 | €1,896 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €12,991 | €5,176 | €1,154 | €750 | €1,182 | €10,873 | €658 | €9,138 | ▲ 14× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €117,486 | €109,671 | €105,122 | €104,717 | €105,150 | €114,840 | €104,626 | €113,300 | ▲ 8.3% |
| Equity10/15 | €103,984 | €103,502 | €102,855 | €102,373 | €101,909 | €101,394 | €100,843 | €109,667 | ▲ 8.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €41,984 | €41,502 | €40,855 | €40,373 | €39,909 | €39,394 | €38,843 | €47,667 | ▲ 22.7% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €34,173 | €33,709 | €33,194 | €32,643 | €41,467 | ▲ 27.0% |
| Amounts payable17/49 | €13,502 | €6,168 | €2,267 | €2,345 | €3,241 | €13,446 | €3,783 | €3,633 | ▼ 4.0% |
| Amounts payable within one year42/48 | €13,502 | €6,168 | €2,267 | €2,340 | €3,235 | €13,440 | €3,776 | €3,633 | ▼ 3.8% |
| Trade debts44 | - | - | - | €73 | €478 | €514 | €578 | €770 | ▲ 33.2% |
| Suppliers440/4 | - | - | - | €73 | €478 | €514 | €578 | €770 | ▲ 33.2% |
| Taxes, remuneration and social security45 | - | - | - | €18 | €18 | €18 | €18 | €2,642 | ▲ 150× |
| Taxes450/3 | - | - | - | €18 | €18 | €18 | €18 | €2,642 | ▲ 150× |
| Other amounts payable47/48 | - | - | - | €2,249 | €2,740 | €12,908 | €3,180 | €221 | ▼ 93.1% |
| Accrued charges and deferred income492/3 | - | - | - | €5 | €6 | €6 | €6 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€472 | -€482 | -€647 | -€483 | -€464 | -€515 | -€550 | €8,823 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | - | - | €634 | - |
| Operating cash flow (approximation) | -€472 | -€482 | -€647 | -€483 | -€464 | -€515 | -€550 | €9,457 | - |
| Change in cash | - | -€7,816 | -€4,021 | -€405 | €432 | €9,691 | -€10,214 | €8,479 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CASA HUMA has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CASA HUMA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CASA HUMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00459584 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00455179 | |
| 31-12-2023 | micro format | 26-05-2024 | 2024-00095930 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00384395 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20212533 | |
| 31-12-2020 | full format | 29-09-2021 | 2021-69400588 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-54700020 | |
| 31-12-2018 | full format | 09-08-2019 | 2019-45000210 | |
| 31-12-2017 | full format | 01-08-2018 | 2018-42000111 | |
| 31-12-2016 | full format | 09-08-2017 | 2017-42000319 |