CASE
ActiveSummary
CASE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €-23k. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 11.31 against 18.9 in 2024; short-term debt: 7.1% and cash: 13.3% of total assets), and 7.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 · 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 €-23k
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
45 d early
2023
30 d early
2022
27 d early
2021
11 d early
2020
43 d early
2019
8 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▼ 17.8%
2024 · €131k
2018: €187k
2019: €238k
2020: €259k
2021: €271k
2022: €163k
2023: €145k
2024: €131k
2018 → 2025
Total assets
€116k▼ 15.1%
2024 · €137k
2018: €382k
2019: €395k
2020: €270k
2021: €282k
2022: €171k
2023: €151k
2024: €137k
2018 → 2025
Net result
€-23k▼ 65.7%
2024 · €-14k
2018: €27k
2019: €51k
2020: €21k
2021: €12k
2022: €-4k
2023: €-18k
2024: €-14k
2018 → 2025
Working capital
€85k▼ 15.6%
2024 · €101k
2018: €99k
2019: €160k
2020: €194k
2021: €215k
2022: €118k
2023: €108k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€271k-€163k▼ 39.8%€145k▼ 11.1%€131k▼ 9.7%€108k▼ 17.8%
Operating result€14k-€-7k€-18k▼ 145%€-16k▲ 13.6%€-26k▼ 64.2%
Net result€12k-€-4k€-18k▼ 307%€-14k▲ 22.5%€-23k▼ 65.7%
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 €26k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€22k ▼ 25.2%
Current assets
€94k ▼ 12.3%
Equity and liabilities €116k
Equity
€108k ▼ 17.8%
Debt
€8k ▲ 46.6%
Debt's share of the balance-sheet total rises from 4.1% to 7.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▼
2024 · €-8k
Cash flow
€-16k▼
2024 · €-6k
Current ratio
11.31▼
2024 · 18.90
Debt to equity
0.08▲
2024 · 0.04
ROE
-21.6%▼
2024 · -10.7%
ROA
-20.1%▼
2024 · -10.3%
Interest coverage
-91.50▼
2024 · -44.12
Debt ≤ 1 year
€8k▲
2024 · €6k
Income taxes
€352▲
2024 · €349
Staff costs
€16k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€137k€116k▼
Fixed assets21/28€30k€22k▼
Tangible fixed assets22/27€30k€22k▼
Land and buildings22€29k€22k▼
Furniture and vehicles24€885€422▼
Current assets29/58€107k€94k▼
Amounts receivable within one year40/41€55k€77k▲
Trade receivables40€3k€225▼
Other amounts receivable41€51k€77k▲
Cash at bank and in hand54/58€50k€15k▼
Deferred charges and accrued income490/1€2k€964▼
Equity and liabilities
Total equity and liabilities10/49€137k€116k▼
Equity10/15€131k€108k▼
Contributions10/11€19k€19k=
Reserves13€136k€125k▼
Tax-exempt reserves132€233€233=
Distributable reserves133€136k€124k▼
Profit (loss) carried forward14€-24k€-36k▼
Amounts payable17/49€6k€8k▲
Amounts payable within one year42/48€6k€8k▲
Trade debts44€100€3k▲
Suppliers440/4€100€3k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€1k€706▼
Remuneration and social security454/9€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€453-
Remuneration, social security and pensions62€15k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€8k€-593▼
Operating profit (loss)9901€-16k€-26k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€188€202▲
Recurring financial charges65€188€202▲
Profit (loss) for the period before taxes9903€-14k€-23k▼
Income taxes67/77€349€352▲
Profit (loss) for the period9904€-14k€-23k▼
Profit (loss) for the period to be appropriated9905€-14k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-48k▼
Profit (loss) brought forward from the previous period14P€-10k€-24k▼
Transfer from equity791/2-€12k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 9current ratio 18.54
Current ratio from 2.02 to 18.54; short-term debt falls from €157k to €11k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €51k ▲88.5%
Operating result €85k, net result €51k, both a record.
31-12
Financial
Equity above €200kEq €238k ▲27.2%
2 profitable years in a row build equity to €238k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Essen · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koekoekstraat 332910 EssenGround area
1,492 m²
Building footprint
98 m²
Volume, LiDAR
439 m³
Parcel 11016A1180/00V010, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Koekoekstraat 33, 2910 Essen
since 20022.101.782.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016A1180/00V010 | Flanders | 1,492 m² | 1 · 98 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Robbert&Frank Frank&Robbert
BE 0633.677.244
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BAPU
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Of 4,571 companies in sector 82300 we hold annual accounts for 1,671. 1,311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
85592Vocational training
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.