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CASE 2000

Active
Cooperative companyfounded 199630 yrs activeRue de l'Eglise de Sart 31, 1490 Court-Saint-Etienne, BelgiumKBO/BCE: BE 0457.654.017
Summary

CASE 2000 has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,601 and a net result of €6,807. Equity is growing by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability72▲+26
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 30.59 against 7.23 in 2024; short-term debt: 1.5% and cash: 43.9% of total assets), and 10.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
89.3%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
1 d early
2023
1 d early
2022
3 d early
2021
30 d late
2020
30 d late
2019
59 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 days after 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 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CASE 2000 was incorporated on 5 April 1996.1 Total assets fell from EUR 564,305 in 2018 to EUR 252,703 in 2025 and headcount from 1 full-time equivalents in 2018 to 0.1 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,807▼ 9.4%
2024 · €7,509
Working capital
€113,212▲ 84.1%
2024 · €61,498
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€19,610▲ 554%€20,376▲ 3.9%€12,990▼ 36.3%€10,528▼ 19.0%€7,058▼ 33.0%
Net result€14,310▲ 918%€13,350▼ 6.7%€11,081▼ 17.0%€7,509▼ 32.2%€6,807▼ 9.4%
Equity€186,855▲ 8.3%€200,205▲ 7.1%€211,286▲ 5.5%€218,795▲ 3.6%€225,601▲ 3.1%
Total assets€257,997▼ 14.4%€247,132▼ 4.2%€212,087▼ 14.2%€228,672▲ 7.8%€252,703▲ 10.5%
Debt€71,142▼ 44.9%€46,926▼ 34.0%€801▼ 98.3%€9,877▲ 1,133%€27,102▲ 174%
Working capital-€37,408▲ 49.9%-€1,173▲ 96.9%€31,949€61,498▲ 92.5%€113,212▲ 84.1%
Staff (FTE)0.1=
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2021: €19,610€19,610Net result 2021: €14,310€14,310Operating result 2022: €20,376€20,376Net result 2022: €13,350€13,350Operating result 2023: €12,990€12,990Net result 2023: €11,081€11,081Operating result 2024: €10,528€10,528Net result 2024: €7,509€7,509Operating result 2025: €7,058€7,058Net result 2025: €6,807€6,80720212022202320242025€0€5,000€10,000€15,000Operating result 2023: €12,990€13,000Net result 2023: €11,081€11,100Operating result 2024: €10,528€10,500Net result 2024: €7,509€7,510Operating result 2025: €7,058€7,060Net result 2025: €6,807€6,810202320242025
The operating result has fallen three years in a row; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252,703
Fixed assets €135,664 ▼ 13.8%
Current assets €117,039 ▲ 64.0%
Equity and liabilities €252,703
Equity €225,601 ▲ 3.1%
Debt €27,102 ▲ 174%
Debt's share of the balance-sheet total rises from 4.3% to 10.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,297▼
2024 · €32,568
Cash flow
€29,046▼
2024 · €29,549
Current ratio
30.59▲
2024 · 7.23
Debt to equity
0.12▲
2024 · 0.05
ROE
3.0%▼
2024 · 3.4%
ROA
2.7%▼
2024 · 3.3%
Interest coverage
426.14
Debt ≤ 1 year
€3,827▼
2024 · €9,877
Income taxes
€2,802▼
2024 · €4,294
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€228,672€252,703▲
Fixed assets21/28€157,297€135,664▼
Tangible fixed assets22/27€132,167€110,534▼
Land and buildings22€132,167€110,126▼
Furniture and vehicles24-€408
Financial fixed assets28€25,130€25,130=
Current assets29/58€71,375€117,039▲
Amounts receivable within one year40/41€6,362€6,165▼
Other amounts receivable41€6,362€6,165▼
Cash at bank and in hand54/58€65,013€110,874▲
Equity and liabilities
Total equity and liabilities10/49€228,672€252,703▲
Equity10/15€218,795€225,601▲
Contributions10/11€24,789€24,789=
Reserves13€110,011€110,011=
Non-distributable reserves130/1€3,211€3,211=
Reserves not available under the articles1311€3,211€3,211=
Distributable reserves133€106,800€106,800=
Profit (loss) carried forward14€83,995€90,801▲
Amounts payable17/49€9,877€27,102▲
Amounts payable within one year42/48€9,877€3,827▼
Trade debts44€877€2,275▲
Suppliers440/4€877€2,275▲
Taxes, remuneration and social security45€9,000€1,552▼
Taxes450/3€9,000€1,552▼
Accrued charges and deferred income492/3-€23,275
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,041€22,239▲
Other operating charges640/8€4,682€5,575▲
Gross operating margin9900€37,250€34,872▼
Operating profit (loss)9901€10,528€7,058▼
Financial income75/76B€1,275€2,619▲
Recurring financial income75€1,275€2,619▲
Financial charges65/66B-€69
Recurring financial charges65-€69
Profit (loss) for the period before taxes9903€11,803€9,608▼
Income taxes67/77€4,294€2,802▼
Profit (loss) for the period9904€7,509€6,807▼
Profit (loss) for the period to be appropriated9905€7,509€6,807▼
Appropriation of the result
Profit (loss) to be appropriated9906€83,995€90,801▲
Profit (loss) brought forward from the previous period14P€76,486€83,995▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€3,687-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,905€22,886€22,041€22,041€22,239▲ 0.9%
Other operating charges640/8€3,882€4,031€4,499€4,682€5,575▲ 19.1%
Gross operating margin9900€42,710€47,293€39,529€37,250€34,872▼ 6.4%
Operating profit (loss)9901€19,610€20,376€12,990€10,528€7,058▼ 33.0%
Financial income75/76B€3,787€706€1,975€1,275€2,619▲ 105%
Recurring financial income75€3,787€706€1,975€1,275€2,619▲ 105%
Financial charges65/66B€1,028€769€82-€69-
Recurring financial charges65€1,028€769€82-€69-
Profit (loss) for the period before taxes9903€22,370€20,313€14,883€11,803€9,608▼ 18.6%
Income taxes67/77€8,060€6,963€3,802€4,294€2,802▼ 34.8%
Profit (loss) for the period9904€14,310€13,350€11,081€7,509€6,807▼ 9.4%
Profit (loss) for the period to be appropriated9905€14,310€13,350€11,081€7,509€6,807▼ 9.4%
Line20212022202320242025Change
Assets
Total assets20/58€257,997€247,132€212,087€228,672€252,703▲ 10.5%
Fixed assets21/28€224,264€201,378€179,337€157,297€135,664▼ 13.8%
Tangible fixed assets22/27€199,134€176,248€154,207€132,167€110,534▼ 16.4%
Land and buildings22€145,397€129,228€154,207€132,167€110,126▼ 16.7%
Furniture and vehicles24€834---€408-
Other tangible fixed assets26€52,902€47,019----
Financial fixed assets28€25,130€25,130€25,130€25,130€25,130=
Current assets29/58€33,734€45,754€32,750€71,375€117,039▲ 64.0%
Amounts receivable within one year40/41€30,519€31,632€5,894€6,362€6,165▼ 3.1%
Trade receivables40€183€936----
Other amounts receivable41€30,336€30,696€5,894€6,362€6,165▼ 3.1%
Cash at bank and in hand54/58€632€13,852€26,856€65,013€110,874▲ 70.5%
Deferred charges and accrued income490/1€2,583€270----
Equity and liabilities
Total equity and liabilities10/49€257,997€247,132€212,087€228,672€252,703▲ 10.5%
Equity10/15€186,855€200,205€211,286€218,795€225,601▲ 3.1%
Contributions10/11€24,789€24,789€24,789€24,789€24,789=
Reserves13€110,011€110,011€110,011€110,011€110,011=
Non-distributable reserves130/1€3,211€3,211€3,211€3,211€3,211=
Reserves not available under the articles1311€3,211€3,211€3,211€3,211€3,211=
Tax-exempt reserves132€106,800€106,800----
Distributable reserves133--€106,800€106,800€106,800=
Profit (loss) carried forward14€52,055€65,405€76,486€83,995€90,801▲ 8.1%
Amounts payable17/49€71,142€46,926€801€9,877€27,102▲ 174%
Amounts payable within one year42/48€71,142€46,926€801€9,877€3,827▼ 61.3%
Trade debts44-€12,289€801€877€2,275▲ 159%
Suppliers440/4-€12,289€801€877€2,275▲ 159%
Taxes, remuneration and social security45€1,478€705-€9,000€1,552▼ 82.8%
Taxes450/3€1,478€255-€9,000€1,552▼ 82.8%
Remuneration and social security454/9-€450----
Other amounts payable47/48€69,663€33,933----
Accrued charges and deferred income492/3----€23,275-
Line20212022202320242025Change
Profit (loss) for the period9904€14,310€13,350€11,081€7,509€6,807▼ 9.4%
+ Depreciation and write-downs630€22,905€22,886€22,041€22,041€22,239▲ 0.9%
Operating cash flow (approximation)€37,215€36,236€33,121€29,549€29,046▼ 1.7%
Investment in fixed assets (approximation)-€0-€0€0-€607-
Change in cash-€13,221€13,004€38,157€45,861▲ 20.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity quadruplescurrent ratio 30.59
Current ratio from 7.23 to 30.59; short-term debt falls from €9,877 to €3,827.
30-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Liquidity times 42current ratio 40.90
Current ratio from 0.98 to 40.90; short-term debt falls from €46,926 to €801.
28-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Equity above €200,000Eq €200,205 ▲7.1%
3 profitable years in a row build equity to €200,205.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial Highest result since 2018net €14,310 ▲918%
Net result €14,310, the highest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial Back to profitnet €1,406
Net result €1,406 after one loss-making year.
28-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
Show earlier events
2019
31-12
Financial Weakest financial yearnet -€7,452
Net result drops to -€7,452, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
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.

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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, Court-Saint-Etienne · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
2.7 ha
Building footprint
562 m²
Volume, LiDAR
4,228 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CASE 2000
Rue de Malonne 11, 5150 FloreffeWholesale of pharmaceutical and medical goods
since 19962.076.304.596
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92045B0265/00W004 Wallonia 2.5 ha 1 · 292 m² 10.0 m · 3 fl.
25023D0353/00Y000 Wallonia 2,018 m² 1 · 270 m² 9.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. ACELYA-COOPERATIVE 99.7%
  2. CASE 2000

Highest known parent: ACELYA-COOPERATIVE. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of CASE 2000 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formCooperative company
Founded05-04-1996
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.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.