Cascade Software Solutions
ActiveSummary
Cascade Software Solutions has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,957 and a net result of -€2,544. Equity has been shrinking by about 20% per year since 2023. Its solvency ranks better than 95% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-03-2023 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 5 others
- Establishment unit
- 2.342.959.774 9860 Oosterzele, since 20-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 27-06-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€1,262
- ▲ 55.6%
- Loss
- €2,544
- ▼ 35.6%
- Equity
- €13,957
- ▼ 15.4%
- Total assets
- €14,620
- ▼ 11.6%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 19.95, cash €11,858Size: total assets €14,620Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 5% on profitability and 27% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 3 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,484, smaller than the loss of €3,892 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €3,290 | €813 | - |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €443 | €1,051 | €1,222 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €443 | €1,051 | €1,222 | ▲ 16.3% |
| Gross operating margin9900 | €25,230 | -€2,841 | -€1,262 | ▲ 55.6% |
| Operating profit (loss)9901 | €24,787 | -€3,892 | -€2,484 | ▲ 36.2% |
| Financial income75/76B | €1 | - | - | - |
| Recurring financial income75 | €1 | - | - | - |
| Financial charges65/66B | €87 | €57 | €60 | ▲ 5.6% |
| Recurring financial charges65 | €73 | €57 | €60 | ▲ 5.6% |
| Non-recurring financial charges66B | €14 | - | - | - |
| Profit (loss) for the period before taxes9903 | €24,701 | -€3,949 | -€2,544 | ▲ 35.6% |
| Income taxes67/77 | €6,251 | - | - | - |
| Profit (loss) for the period9904 | €18,450 | -€3,949 | -€2,544 | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €18,450 | -€3,949 | -€2,544 | ▲ 35.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,701 | €16,546 | €14,620 | ▼ 11.6% |
| Fixed assets21/28 | €2,847 | €2,609 | €1,386 | ▼ 46.9% |
| Tangible fixed assets22/27 | €2,847 | €2,609 | €1,386 | ▼ 46.9% |
| Plant, machinery and equipment23 | €2,847 | €2,609 | €1,386 | ▼ 46.9% |
| Current assets29/58 | €23,854 | €13,937 | €13,234 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €363 | €497 | €1,376 | ▲ 177% |
| Trade receivables40 | - | - | €803 | - |
| Other amounts receivable41 | €363 | €497 | €573 | ▲ 15.3% |
| Cash at bank and in hand54/58 | €23,491 | €13,440 | €11,858 | ▼ 11.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,701 | €16,546 | €14,620 | ▼ 11.6% |
| Equity10/15 | €20,450 | €16,501 | €13,957 | ▼ 15.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €18,450 | €14,501 | €12,000 | ▼ 17.2% |
| Distributable reserves133 | €18,450 | €14,501 | €12,000 | ▼ 17.2% |
| Profit (loss) carried forward14 | - | - | -€43 | - |
| Amounts payable17/49 | €6,251 | €45 | €663 | ▲ 15× |
| Amounts payable within one year42/48 | €6,251 | €45 | €663 | ▲ 15× |
| Trade debts44 | - | - | €663 | - |
| Suppliers440/4 | - | - | €663 | - |
| Taxes, remuneration and social security45 | €6,251 | - | - | - |
| Taxes450/3 | €6,251 | - | - | - |
| Other amounts payable47/48 | - | €45 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,450 | -€3,949 | -€2,544 | ▲ 35.6% |
| + Depreciation and write-downs630 | €443 | €1,051 | €1,222 | ▲ 16.3% |
| Operating cash flow (approximation) | €18,893 | -€2,898 | -€1,322 | ▲ 54.4% |
| Investment in fixed assets (approximation) | - | -€813 | €0 | - |
| Change in cash | - | -€10,051 | -€1,582 | ▲ 84.3% |
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, 3,223 companies had the same profile as Cascade Software Solutions has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cascade Software Solutions itself is lower: 0.1% within 12 months. It rests on far more data about Cascade Software Solutions than the profile alone.
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 3,223 companies, not a prediction for Cascade Software Solutions. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VAN GHELUWE Casper Petrus Adriaan 100 shares (100%) · €2,000
Capital transactions
- 15-03-2023 Incorporation · €2,000 · 100 shares
Articles of association
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen, nieuwe aandelen waarop in geld wordt ingeschreven”
Articles of association, deed of 15-03-2023 (in Dutch)
Network & group
Cascade Software Solutions shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Cascade Software Solutions. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-06
Gazette deed
Registered office moved from Zele to Landskouter2 points ▸
- General meeting, 04-05-2025
- Registered-office move, Aalmoezenijestraat 21, 9860 Landskouter
15-03
Gazette deed
IncorporationStarting capital €2,000 · Appointment: VAN GHELUWE Casper Petrus Adriaan (director) · Founder10 points ▸
- Incorporation, 13-03-2023
- Founder, VAN GHELUWE Casper Petrus Adriaan
- Founding capital, €2,000
- Bank account, “vennootschap in oprichting, BE81 7350 6220 0024” (deed in Dutch)
- Declaration, “bevestiging deponering overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “beschikking over stortingen”, 2000 (deed in Dutch)
- Share issue, 100, “vergoeding voor inbrengen” (deed in Dutch)
- Registered office clause, “9240 Zele, Kouterbosstraat 11” (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, VAN GHELUWE Casper Petrus Adriaan (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Cascade Software Solutions was incorporated on 13 March 2023 as a private limited company by one natural person, with a starting capital of €2,000.12 The registered office was moved to Landskouter in 2025.3 VAN GHELUWE Casper Petrus Adriaan is director of the company, appointed in the act of 15-03-2023.2 Total assets fell from €26,701 in 2023 to €14,620 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Kouterbosstraat 11, 9240 Zele until 04-05-2025 · act of 20-06-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44031A0224/00G000 | Flanders | 380 m² | 1 · 122 m² | 8.5 m · 1 |