CASCAVEL
ActiveSummary
CASCAVEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83,124 and a net result of -€12,035. Equity is shrinking by ~8.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-4
Solvency57▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.33 in 2024; short-term debt: 64.3% and cash: 9.7% of total assets), and 68% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
32%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,035
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
35 d early
2023
36 d early
2022
40 d early
2021
46 d early
2020
31 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€83,124▼ 12.6%
2024 · €95,159
Total assets
€259,855▼ 6.7%
2024 · €278,525
Net result
-€12,035▼ 148%
2024 · -€4,845
Working capital
-€99,617▲ 13.4%
2024 · -€115,005
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-€13,908▲ 3.5%-€13,814▲ 0.7%-€14,941▼ 8.2%-€6,780▲ 54.6%-€13,967▼ 106%
Net result-€12,146▼ 2.9%-€12,052▲ 0.8%-€13,103▼ 8.7%-€4,845▲ 63.0%-€12,035▼ 148%
Equity€125,160▼ 2.6%€113,107▼ 9.6%€100,005▼ 11.6%€95,159▼ 4.8%€83,124▼ 12.6%
Total assets€375,280▼ 3.7%€351,144▼ 6.4%€310,762▼ 11.5%€278,525▼ 10.4%€259,855▼ 6.7%
Debt€233,497▼ 0.2%€223,174▼ 4.4%€197,657▼ 11.4%€172,027▼ 13.0%€167,153▼ 2.8%
Working capital-€167,261▲ 8.4%-€151,891▲ 9.2%-€137,582▲ 9.4%-€115,005▲ 16.4%-€99,617▲ 13.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,967 in 2025 against €6,780 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €259,855
Fixed assets
€192,319 ▼ 13.2%
Current assets
€67,536 ▲ 18.4%
Equity and liabilities €259,855
Equity
€83,124 ▼ 12.6%
Provisions
€9,577 ▼ 15.5%
Debt
€167,153 ▼ 2.8%
Debt's share of the balance-sheet total rises from 61.8% to 64.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,217▼
2024 · €22,404
Cash flow
€17,149▼
2024 · €24,339
Current ratio
0.40▲
2024 · 0.33
Debt to equity
2.01▲
2024 · 1.81
ROE
-14.5%▼
2024 · -5.1%
ROA
-4.6%▼
2024 · -1.7%
Interest coverage
192.63▼
2024 · 298.72
Debt ≤ 1 year
€167,153▼
2024 · €172,027
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,173 | €29,184 | €29,173 | €29,184 | €29,184 | = |
| Other operating charges640/8 | €3,228 | €3,293 | €2,612 | €132 | €6,913 | ▲ 5,137% |
| Gross operating margin9900 | €18,493 | €18,663 | €16,844 | €22,536 | €22,131 | ▼ 1.8% |
| Operating profit (loss)9901 | -€13,908 | -€13,814 | -€14,941 | -€6,780 | -€13,967 | ▼ 106% |
| Financial income75/76B | - | - | €142 | €248 | €249 | ▲ 0.4% |
| Recurring financial income75 | - | - | €142 | €248 | €249 | ▲ 0.4% |
| Financial charges65/66B | - | - | €66 | €75 | €79 | ▲ 5.3% |
| Recurring financial charges65 | - | - | €66 | €75 | €79 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€13,908 | -€13,814 | -€14,864 | -€6,607 | -€13,797 | ▼ 109% |
| Transfer from deferred taxes780 | €1,762 | €1,762 | €1,762 | €1,762 | €1,762 | = |
| Profit (loss) for the period9904 | -€12,146 | -€12,052 | -€13,103 | -€4,845 | -€12,035 | ▼ 148% |
| Transfer from tax-exempt reserves789 | €7,047 | €7,047 | €7,047 | €7,047 | €7,047 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,100 | -€5,006 | -€6,056 | €2,201 | -€4,988 | ▼ 327% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €375,280 | €351,144 | €310,762 | €278,525 | €259,855 | ▼ 6.7% |
| Fixed assets21/28 | €309,044 | €279,860 | €250,687 | €221,503 | €192,319 | ▼ 13.2% |
| Tangible fixed assets22/27 | €308,544 | €279,360 | €250,187 | €221,003 | €191,819 | ▼ 13.2% |
| Land and buildings22 | €308,544 | €279,360 | €250,187 | €221,003 | €191,819 | ▼ 13.2% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €66,236 | €71,284 | €60,075 | €57,022 | €67,536 | ▲ 18.4% |
| Amounts receivable within one year40/41 | - | €10 | €43 | €74 | €149 | ▲ 100% |
| Trade receivables40 | - | €10 | €0 | - | - | - |
| Other amounts receivable41 | - | - | €43 | €74 | €149 | ▲ 100% |
| Current investments50/53 | €41,312 | €41,312 | €41,409 | €41,575 | €41,740 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €24,673 | €29,692 | €18,317 | €15,054 | €25,309 | ▲ 68.1% |
| Deferred charges and accrued income490/1 | €251 | €270 | €306 | €319 | €338 | ▲ 6.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €375,280 | €351,144 | €310,762 | €278,525 | €259,855 | ▼ 6.7% |
| Equity10/15 | €125,160 | €113,107 | €100,005 | €95,159 | €83,124 | ▼ 12.6% |
| Contributions10/11 | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Revaluation surpluses12 | €340,000 | €340,000 | €103,476 | €103,476 | €103,476 | = |
| Reserves13 | €66,496 | €59,450 | €288,927 | €281,880 | €274,834 | ▼ 2.5% |
| Tax-exempt reserves132 | €66,496 | €59,450 | €52,403 | €45,356 | €38,310 | ▼ 15.5% |
| Distributable reserves133 | - | - | €236,524 | €236,524 | €236,524 | = |
| Profit (loss) carried forward14 | -€380,494 | -€385,500 | -€391,556 | -€389,355 | -€394,343 | ▼ 1.3% |
| Provisions and deferred taxes16 | €16,624 | €14,862 | €13,101 | €11,339 | €9,577 | ▼ 15.5% |
| Deferred taxes168 | €16,624 | €14,862 | €13,101 | €11,339 | €9,577 | ▼ 15.5% |
| Amounts payable17/49 | €233,497 | €223,174 | €197,657 | €172,027 | €167,153 | ▼ 2.8% |
| Amounts payable within one year42/48 | €233,497 | €223,174 | €197,657 | €172,027 | €167,153 | ▼ 2.8% |
| Trade debts44 | - | - | €822 | €2,144 | €3,111 | ▲ 45.1% |
| Suppliers440/4 | - | - | €822 | €2,144 | €3,111 | ▲ 45.1% |
| Other amounts payable47/48 | €233,497 | €223,174 | €196,834 | €169,884 | €164,042 | ▼ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,146 | -€12,052 | -€13,103 | -€4,845 | -€12,035 | ▼ 148% |
| + Depreciation and write-downs630 | €29,173 | €29,184 | €29,173 | €29,184 | €29,184 | = |
| Operating cash flow (approximation) | €17,026 | €17,132 | €16,070 | €24,339 | €17,149 | ▼ 29.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5,019 | -€11,374 | -€3,264 | €10,255 | ▲ 414% |
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
18-08
State Gazette act
Appointment: Sabien Gryspeerdt (director)Power of attorney3 facts ▸
State Gazette act
Appointment: Sabien Gryspeerdt (director)
Power of attorney3 facts ▸
- General meeting, 22-06-2026
- Director appointment, Sabien Gryspeerdt (director)
- Power of attorney, NV TITECA
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€13,103
Net result drops to -€13,103, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Sabien Gryspeerdt
CurrentDirector · since 22-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1992
Ground area
498 m²
Building footprint
190 m²
Volume, LiDAR
1,762 m³
Parcel 31332E0223/00A000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Elizabetlaan 10, 8300 Knokke-Heist
since 19922.058.936.153
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0223/00A000 | Flanders | 498 m² | 1 · 190 m² | 12.5 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Sabien Gryspeerdt |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-1992
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
3 convocationsOrdinary general meeting
Agenda
1. Voorlezen en goedkeuring van het jaarverslag van de raad van bestuur. 2. Voorlezen en goedkeuring van de jaarrekening. 3. Toewijzing van het resultaat. 4. Ontslagen en her(benoeming) van de bestuurders. 5. Kwijting aan de bestuurders voor hun mandaat. 6. Toekening toekomstige bestuurders- bezolding. 7. Rondvraag.
Ordinary general meeting
Agenda
1. Voorlezen en goedkeuring van het jaarverslag van de raad van bestuur. 2. Voorlezen en goedkeuring van de jaarrekening. 3. Toewijzing van het resultaat. 4. Ontslagen en (her)benoeming van de bestuurders. 5. Kwijting aan de bestuurders voor hun mandaat. 6. Toekenning toekomstige bestuurdersbezoldiging. 7. Rondvraag.
Ordinary general meeting
Agenda
1. Voorlezen en goedkeuring van het jaarverslag van de raad van bestuur. 2. Voorlezen en goedkeuring van de jaarrekening. 3. Toewij- zing van het resultaat. 4. Kwijting aan de bestuurders voor hun mandaat. 5. Toekenning toekomstige bestuurdersbezoldiging. 6. Rondvraag.