CASE 2000
ActiveSummary
CASE 2000 has been active since 1996 and the Belgian Official 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 about 3.2% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €225,601
- Profit
- €6,807
- Parent
- ACELYA-COOPERATIVE · 99.7%
- Holdings
- 1
- LEDECQ FrançoisDirector
- MERTENS NilsDirector
- TACK SébastienDirector
Why 96lowers riskSize: total assets €252,703Liquidity: current ratio 30.59, cash €110,874Equity €225,601 (89.3% of total assets)Founded in 1996Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 95% on liquidity, 53% on profitability and 57% on growth.
The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
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.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than quadruplescurrent ratio 30.59
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 33% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,473 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% | 1.8% |
| 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 74.5% 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 17,042 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | -€3,687 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,425 | €22,052 | €22,777 | €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 | €67,507 | €37,352 | €53,815 | €42,710 | €47,293 | €39,529 | €37,250 | €34,872 | ▼ 6.4% |
| Operating profit (loss)9901 | -€3,586 | -€64,997 | €2,998 | €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 | €0 | €595 | €700 | €3,787 | €706 | €1,975 | €1,275 | €2,619 | ▲ 105% |
| Financial charges65/66B | - | - | - | €1,028 | €769 | €82 | - | €69 | - |
| Recurring financial charges65 | €3,901 | €1,696 | €1,727 | €1,028 | €769 | €82 | - | €69 | - |
| Profit (loss) for the period before taxes9903 | -€7,487 | -€66,098 | €1,972 | €22,370 | €20,313 | €14,883 | €11,803 | €9,608 | ▼ 18.6% |
| Income taxes67/77 | €0 | €35,049 | €566 | €8,060 | €6,963 | €3,802 | €4,294 | €2,802 | ▼ 34.8% |
| Profit (loss) for the period9904 | €326 | -€7,452 | €1,406 | €14,310 | €13,350 | €11,081 | €7,509 | €6,807 | ▼ 9.4% |
| Profit (loss) for the period to be appropriated9905 | €15,954 | €84,551 | €1,406 | €14,310 | €13,350 | €11,081 | €7,509 | €6,807 | ▼ 9.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €564,305 | €344,140 | €301,553 | €257,997 | €247,132 | €212,087 | €228,672 | €252,703 | ▲ 10.5% |
| Fixed assets21/28 | €471,918 | €267,533 | €247,168 | €224,264 | €201,378 | €179,337 | €157,297 | €135,664 | ▼ 13.8% |
| Tangible fixed assets22/27 | €471,788 | €242,403 | €222,038 | €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 | €130 | €25,130 | €25,130 | €25,130 | €25,130 | €25,130 | €25,130 | €25,130 | = |
| Current assets29/58 | €92,387 | €76,608 | €54,385 | €33,734 | €45,754 | €32,750 | €71,375 | €117,039 | ▲ 64.0% |
| Amounts receivable within one year40/41 | €0 | €29,951 | €29,246 | €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 | €1,493 | €46,657 | €20,017 | €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 | €564,305 | €344,140 | €301,553 | €257,997 | €247,132 | €212,087 | €228,672 | €252,703 | ▲ 10.5% |
| Equity10/15 | €199,602 | €192,150 | €172,545 | €186,855 | €200,205 | €211,286 | €218,795 | €225,601 | ▲ 3.1% |
| Contributions10/11 | €24,789 | €24,789 | - | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €190,630 | €98,628 | €110,011 | €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 | -€15,817 | €68,733 | €37,745 | €52,055 | €65,405 | €76,486 | €83,995 | €90,801 | ▲ 8.1% |
| Provisions and deferred taxes16 | €93,695 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €271,008 | €151,990 | €129,008 | €71,142 | €46,926 | €801 | €9,877 | €27,102 | ▲ 174% |
| Amounts payable within one year42/48 | €271,008 | €133,462 | €129,008 | €71,142 | €46,926 | €801 | €9,877 | €3,827 | ▼ 61.3% |
| Trade debts44 | €290 | €13,459 | €1,895 | - | €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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €326 | -€7,452 | €1,406 | €14,310 | €13,350 | €11,081 | €7,509 | €6,807 | ▼ 9.4% |
| + Depreciation and write-downs630 | €39,425 | €22,052 | €22,777 | €22,905 | €22,886 | €22,041 | €22,041 | €22,239 | ▲ 0.9% |
| Operating cash flow (approximation) | €39,751 | €14,600 | €24,183 | €37,215 | €36,236 | €33,121 | €29,549 | €29,046 | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | €182,334 | -€2,413 | €0 | €0 | -€0 | €0 | -€607 | - |
| Change in cash | - | €45,164 | -€26,639 | -€19,386 | €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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00345859 |
| 31-12-2024 | full format | 30-07-2025 | 2025-00327117 |
| 31-12-2023 | full format | 30-07-2024 | 2024-00300861 |
| 31-12-2022 | full format | 28-07-2023 | 2023-00283861 |
| 31-12-2021 | full format | 30-08-2022 | 2022-20346275 |
| 31-12-2020 | full format | 30-08-2021 | 2021-58000521 |
| 31-12-2019 | micro format | 28-09-2020 | 2020-55800275 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61400094 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-54900050 |
| 31-12-2016 | full format | 28-07-2017 | 2017-37800439 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LEDECQ François |
|
| MERTENS Nils |
|
| TACK Sébastien |
|
Owners and capital
Owners
1 ownerChain of control
- ACELYA-COOPERATIVE
- CASE 2000
Highest known parent: ACELYA-COOPERATIVE. The sources do not say who stands above it.
Owners 1
-
99.7%
According to the 2025 annual accounts of CASE 2000 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
1%
According to the 2025 annual accounts of CASE 2000 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-03
Gazette deed
Resignations: MERTENS Nils, LEDECQ François and TACK SébastienReappointments: MERTENS Nils, LEDECQ François and TACK Sébastien · Legal-form conversion · Auditor report21 facts ▸
- General meeting, 20-02-2024
- Legal-form conversion, “société coopérative agréée et entreprise sociale (SCES agréée)” (deed in French)
- Other provision, “dispense de lecture des rapports, assemblée générale” (deed in French)
- Auditor report, “considérablement inférieure à contrôle assurance raisonnable, délais communication rapports organe et évaluation non respectés” (deed in French)
- Other provision, “état résumant situation active et passive arrêtée au 2023-11-30, rapport justificatif organe d’administration” (deed in French)
- Other provision, “exemplaire ci-annexé, annexe et dépôt des rapports” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “rappel deux tests cumulatifs pour distribution” (deed in French)
- Director resignation, MERTENS Nils (manager)
- Director resignation, LEDECQ François (manager)
- Director resignation, TACK Sébastien (manager)
- Director reappointment, MERTENS Nils (director (not named in the articles))
- +9 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there 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 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92045B0265/00W004 | Wallonia | 2.5 ha | 1 · 292 m² | 10.0 m · 3 |
| 25023D0353/00Y000 | Wallonia | 2,018 m² | 1 · 270 m² | 9.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CASE 2000
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Conseil_administration_sieges_agences_ateliers_depots_succursales_Belgique_etranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Siège social ou autre endroit indiqué, tous actes nécessaires ou utiles à accomplissement objet et réalisation but” (deed in French)“Administrateurs, sauf décision contraire de l'assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Une seule voix par actionnaire, 1 homme, 1 voix” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Réputé autoriser de plein droit, tous cas cession” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Émettre actions nouvelles dans classes existantes aux conditions qu'il détermine, conseil d'administration” (deed in French)
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- One provision in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- “Personnes physiques ou morales agréées par conseil d'administration, inscription registre opposable tiers” (deed in French)“Valeur apport reel article 5, sortie demission exclusion remboursement” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed