CASCAD
ActiveSummary
CASCAD has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-234k) and a net result of €95k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+34
Solvency0=
Growth85▲+33
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87 against 0.0 in 2024; short-term debt: 4.8% and cash: 2.7% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
-50%
Return on assets
20.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
14 d late
2022
28 d early
2021
79 d early
2020
29 d early
2019
84 d early
← 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
25-09-2026 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 Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Turnover
€122k▲ 367%
2024 · €26k
EBIT margin
80.0%▲ 21.3pp
2024 · 58.8%
Net result
€95k▲ 1,866%
2024 · €5k
Working capital
€-3k▲ 95.2%
2024 · €-58k
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
Turnover€60k€26k▼ 56.4%€122k▲ 367%
Operating result€31k▲ 27.2%€63k▲ 104%€40k▼ 36.1%€15k▼ 62.0%€97k▲ 535%
Net result€31k▲ 27.5%€63k▲ 104%€38k▼ 39.1%€5k▼ 87.4%€95k▲ 1,866%
EBIT margin67.3%58.8%▼ 8.6pp80.0%▲ 21.3pp
Equity€-434k▲ 6.6%€-371k▲ 14.5%€-333k▲ 10.3%€-328k▲ 1.4%€-234k▲ 28.9%
Total assets€100k▲ 0.5%€57k▼ 42.7%€48k▼ 16.8%€465k▲ 875%€467k▲ 0.5%
Debt€534k▼ 5.4%€429k▼ 19.8%€381k▼ 11.2%€793k▲ 108%€701k▼ 11.7%
Working capital€7k▲ 5.0%€-39k€-3k▲ 91.0%€-58k▼ 1,566%€-3k▲ 95.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 535% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467k
Fixed assets
€448k ▼ 3.7%
Current assets
€19k ▲ 9,874%
Key figures and ratios
EBITDA
€117k▲
2024 · €29k
Cash flow
€114k▲
2024 · €19k
Solvency
-50.0%▲
2024 · -70.6%
Current ratio
0.87▲
2024 · 0.00
Debt to equity
-3.00▼
2024 · -2.42
ROA
20.3%▲
2024 · 1.0%
Interest coverage
46.21▲
2024 · 2.79
Debt ≤ 1 year
€22k▼
2024 · €58k
Debt > 1 year
€678k▼
2024 · €735k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €60k | €26k | €122k | ▲ 367% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €18k | €16k | €33k | ▲ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €40 | €3k | €14k | €19k | ▲ 40.0% |
| Other operating charges640/8 | €348 | €379 | €0 | €777 | €2k | ▲ 186% |
| Gross operating margin9900 | €31k | €64k | €43k | €30k | €119k | ▲ 297% |
| Operating profit (loss)9901 | €31k | €63k | €40k | €15k | €97k | ▲ 535% |
| Financial charges65/66B | €79 | €186 | €2k | €10k | €3k | ▼ 75.9% |
| Recurring financial charges65 | €79 | €186 | €2k | €10k | €3k | ▼ 75.9% |
| Profit (loss) for the period before taxes9903 | €31k | €63k | €38k | €5k | €95k | ▲ 1,866% |
| Profit (loss) for the period9904 | €31k | €63k | €38k | €5k | €95k | ▲ 1,866% |
| Profit (loss) for the period to be appropriated9905 | €31k | €63k | €38k | €5k | €95k | ▲ 1,866% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100k | €57k | €48k | €465k | €467k | ▲ 0.5% |
| Fixed assets21/28 | - | €733 | €43k | €465k | €448k | ▼ 3.7% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | - | €733 | €43k | €465k | €448k | ▼ 3.7% |
| Land and buildings22 | - | - | - | €427k | €413k | ▼ 3.3% |
| Furniture and vehicles24 | - | €733 | €475 | €218 | €2k | ▲ 634% |
| Other tangible fixed assets26 | - | - | €42k | €38k | €33k | ▼ 12.0% |
| Current assets29/58 | €100k | €57k | €5k | €195 | €19k | ▲ 9,874% |
| Amounts receivable within one year40/41 | €95k | €51k | €3k | €0 | €7k | - |
| Trade receivables40 | €95k | €51k | €3k | €0 | - | - |
| Other amounts receivable41 | - | - | €0 | €0 | €7k | - |
| Cash at bank and in hand54/58 | €5k | €5k | €2k | €195 | €13k | ▲ 6,313% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100k | €57k | €48k | €465k | €467k | ▲ 0.5% |
| Equity10/15 | €-434k | €-371k | €-333k | €-328k | €-234k | ▲ 28.9% |
| Contributions10/11 | €160k | €160k | €160k | €160k | €160k | = |
| Capital10 | €160k | €160k | €160k | - | - | - |
| Issued capital100 | €180k | €180k | €180k | - | - | - |
| Uncalled capital101 | €20k | €20k | €20k | - | - | - |
| Outside capital11 | - | - | - | €160k | €160k | = |
| Other1109/19 | - | - | - | €160k | €160k | = |
| Profit (loss) carried forward14 | €-594k | €-531k | €-493k | €-488k | €-394k | ▲ 19.4% |
| Amounts payable17/49 | €534k | €429k | €381k | €793k | €701k | ▼ 11.7% |
| Amounts payable after more than one year17 | €442k | €334k | €372k | €735k | €678k | ▼ 7.7% |
| Financial debts170/4 | - | - | €39k | €240k | €223k | ▼ 6.8% |
| Other amounts payable178/9 | €442k | €334k | €334k | €495k | €455k | ▼ 8.1% |
| Amounts payable within one year42/48 | €93k | €95k | €9k | €58k | €22k | ▼ 61.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11k | €4k | ▼ 64.3% |
| Financial debts43 | - | - | €4k | €4k | €5k | ▲ 4.9% |
| Credit institutions430/8 | - | - | €4k | €4k | €5k | ▲ 4.9% |
| Trade debts44 | €541 | €116 | €375 | €2k | €211 | ▼ 87.1% |
| Suppliers440/4 | €541 | €116 | €375 | €2k | €211 | ▼ 87.1% |
| Taxes, remuneration and social security45 | €1k | €3k | €4k | €556 | €12k | ▲ 2,052% |
| Taxes450/3 | €1k | €3k | €4k | €556 | €12k | ▲ 2,052% |
| Other amounts payable47/48 | €91k | €93k | €98 | €41k | €2k | ▼ 96.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €63k | €38k | €5k | €95k | ▲ 1,866% |
| + Depreciation and write-downs630 | - | €40 | €3k | €14k | €19k | ▲ 40.0% |
| Operating cash flow (approximation) | €31k | €63k | €41k | €19k | €114k | ▲ 510% |
| Investment in fixed assets (approximation) | - | - | €-45k | €-436k | €-2k | ▲ 99.5% |
| Change in cash | - | €779 | €-3k | €-2k | €12k | ▲ 748% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.22
Current ratio from 0.55 to 1.22; short-term debt falls from €188k to €88k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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-Lambrechts-Woluwe · 1 establishment unit since 2010
Ground area
1,199 m²
Building footprint
42 m²
Volume, LiDAR
433 m³
Parcel 21018B0209/00R002, Brussels · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CASCAD
since 20102.195.748.913
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0209/00R002 | Brussels | 1,199 m² | 1 · 41 m² | 13.6 m · 3 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.
Similar companies · same sector, comparable size
J&J Construct
BE 0789.931.178
Beersel · Eq €131,546
AKKIMMO
BE 0657.811.537
Essen · Eq €131,598
LARUTH
BE 0641.881.662
Pepingen · Eq €131,285
Immobilière Belgo-Suisse
BE 0403.366.778
Elsene · Eq €131,263
WINSOR
BE 0865.929.292
Brussel · Eq €131,177
Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 5,343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.