CASELIA DEVELOPMENT
ActiveSummary
CASELIA DEVELOPMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €996k and a net result of €90k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-3
Solvency31=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.59 in 2024; short-term debt: 62.8% and cash: 1.5% of total assets), but 93.9% of the assets are financed with debt.
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Signals
Eight 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.1%
Return on assets
0.6%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4556 sector peers (2025).
NBB · sector comparisonPosition among 4556 sector peers
Solvency
better than 20%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
24 d early
2023
89 d late
2022
45 d early
2021
38 d early
2020
43 d early
2019
43 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€90k▼ 66.0%
2024 · €266k
Working capital
€6.10M▲ 4.5%
2024 · €5.84M
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€182k€371k▲ 103%€154k▼ 58.5%€725k▲ 371%€452k▼ 37.7%
Net result€96k€160k▲ 66.6%€-154k€266k€90k▼ 66.0%
Equity€634k▲ 17.9%€794k▲ 25.3%€640k▼ 19.3%€906k▲ 41.5%€996k▲ 10.0%
Total assets€14.23M▲ 20.4%€13.65M▼ 4.1%€14.29M▲ 4.7%€15.72M▲ 10.0%€16.40M▲ 4.3%
Debt€13.59M▲ 20.5%€12.85M▼ 5.5%€13.65M▲ 6.2%€14.81M▲ 8.5%€15.40M▲ 4.0%
Working capital€6.38M▲ 1.0%€6.66M▲ 4.3%€657k▼ 90.1%€5.84M▲ 788%€6.10M▲ 4.5%
Staff (FTE)000
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €16.40M
Equity
€996k ▲ 10.0%
Debt
€15.40M ▲ 4.0%
Debt's share of the balance-sheet total falls from 94.2% to 93.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.59▲
2024 · 1.59
Quick ratio
0.73▲
2024 · 0.70
Debt to equity
15.46▼
2024 · 16.35
ROE
9.1%▼
2024 · 29.3%
ROA
0.6%▼
2024 · 1.7%
Debt ≤ 1 year
€10.29M▲
2024 · €9.88M
Debt > 1 year
€5.08M▲
2024 · €4.90M
Income taxes
€33k▼
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €3k | €3k | €3k | €3k | €3k | ▼ 16.5% |
| Gross operating margin9900 | €186k | €374k | €157k | €729k | €455k | ▼ 37.6% |
| Operating profit (loss)9901 | €182k | €371k | €154k | €725k | €452k | ▼ 37.7% |
| Financial income75/76B | €60k | €60k | €60k | €183k | €259k | ▲ 41.6% |
| Recurring financial income75 | €60k | €60k | €60k | €183k | €259k | ▲ 41.6% |
| Financial charges65/66B | €146k | €212k | €367k | €600k | €588k | ▼ 2.1% |
| Recurring financial charges65 | €146k | €212k | €367k | €600k | €588k | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €96k | €219k | €-154k | €308k | €123k | ▼ 60.0% |
| Income taxes67/77 | €0 | €58k | €0 | €42k | €33k | ▼ 22.2% |
| Profit (loss) for the period9904 | €96k | €160k | €-154k | €266k | €90k | ▼ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €96k | €160k | €-154k | €266k | €90k | ▼ 66.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.23M | €13.65M | €14.29M | €15.72M | €16.40M | ▲ 4.3% |
| Current assets29/58 | €14.23M | €13.65M | €14.29M | €15.72M | €16.40M | ▲ 4.3% |
| Amounts receivable after more than one year29 | €6.41M | €6.47M | €0 | €6.25M | €6.51M | ▲ 4.1% |
| Other amounts receivable291 | €6.41M | €6.47M | €0 | €6.25M | €6.51M | ▲ 4.1% |
| Stocks and contracts in progress3 | €7.58M | €6.84M | €7.73M | €8.80M | €8.91M | ▲ 1.3% |
| Stocks30/36 | €7.58M | €6.84M | €7.73M | €8.80M | €8.91M | ▲ 1.3% |
| Amounts receivable within one year40/41 | €215k | €315k | €6.47M | €507k | €719k | ▲ 42.0% |
| Trade receivables40 | €5k | €309 | €0 | €12k | €100k | ▲ 744% |
| Other amounts receivable41 | €210k | €315k | €6.47M | €495k | €620k | ▲ 25.2% |
| Cash at bank and in hand54/58 | €21k | €15k | €74k | €152k | €242k | ▲ 59.2% |
| Deferred charges and accrued income490/1 | €2k | €2k | €16k | €16k | €15k | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.23M | €13.65M | €14.29M | €15.72M | €16.40M | ▲ 4.3% |
| Equity10/15 | €634k | €794k | €640k | €906k | €996k | ▲ 10.0% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €524k | €684k | €530k | €796k | €886k | ▲ 11.3% |
| Amounts payable17/49 | €13.59M | €12.85M | €13.65M | €14.81M | €15.40M | ▲ 4.0% |
| Amounts payable after more than one year17 | €5.73M | €5.79M | €0 | €4.90M | €5.08M | ▲ 3.7% |
| Other amounts payable178/9 | €5.73M | €5.79M | €0 | €4.90M | €5.08M | ▲ 3.7% |
| Amounts payable within one year42/48 | €7.84M | €6.99M | €13.63M | €9.88M | €10.29M | ▲ 4.2% |
| Financial debts43 | €5.42M | €4.75M | €5.34M | €5.91M | €5.78M | ▼ 2.2% |
| Credit institutions430/8 | €5.42M | €4.75M | €5.34M | €5.91M | €5.78M | ▼ 2.2% |
| Trade debts44 | €6k | €3k | €330k | €1k | €12k | ▲ 844% |
| Suppliers440/4 | €6k | €3k | €330k | €1k | €12k | ▲ 844% |
| Advances received on contracts in progress46 | €0 | €9k | €16k | €23k | €25k | ▲ 11.1% |
| Taxes, remuneration and social security45 | €14 | €58k | €58k | €42k | €75k | ▲ 77.8% |
| Taxes450/3 | €14 | €58k | €58k | €42k | €75k | ▲ 77.8% |
| Other amounts payable47/48 | €2.42M | €2.16M | €7.88M | €3.90M | €4.40M | ▲ 12.9% |
| Accrued charges and deferred income492/3 | €22k | €80k | €17k | €29k | €23k | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €160k | €-154k | €266k | €90k | ▼ 66.0% |
| Operating cash flow (approximation) | €96k | €160k | €-154k | €266k | €90k | ▼ 66.0% |
| Change in cash | - | €-6k | €59k | €78k | €90k | ▲ 15.3% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €266k
Net result €266k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 89 days late
2023
31-12
Financial
Weakest financial yearnet €-154k
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €96k
Net result €96k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €359k ▲124%
Net result €359k, the highest in the series.
31-12
Financial
Equity above €500kEq €633k ▲130%
2 profitable years in a row build equity to €633k.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
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 11 acts read
About the unread acts
We know of 11 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
11 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, Saint-Georges-sur-Meuse · 2 establishment units since 2011
Ground area
3,478 m²
Building footprint
761 m²
Volume, LiDAR
6,027 m³
2 parcels, Brussels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
CASELIA DEVELOPMENT
since 20112.195.816.813
CASELIA DEVELOPMENT
since 20112.195.817.308
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065C0187/00B004 | Wallonia | 3,198 m² | 1 · 574 m² | 11.4 m · 3 fl. |
| 21332B0229/00H002 | Brussels | 279 m² | 1 · 186 m² | 10.1 m · 3 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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,237 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.