CASEUS
ActiveSummary
The computed 12-month bankruptcy probability of CASEUS is 1.6% (moderate). The 2025 annual accounts show negative equity (-€4,081) and a net result of -€15,004. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 18537 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-62
Solvency24▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.06 in 2024; short-term debt: 76.9% and cash: 12.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-1%
Return on assets
-3.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,081
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
38 d early
2023
27 d early
2022
22 d late
2021
11 d late
2020
90 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€4,081
2024 · €10,922
Total assets
€427,312▲ 34.2%
2024 · €318,459
Net result
-€15,004
2024 · €37,710
Working capital
-€91,751
2024 · €15,637
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€74,173▼ 2.6%-€24,033-€10,868▲ 54.8%€46,278-€7,851
Net result€54,075▼ 2.6%-€28,502-€16,952▲ 40.5%€37,710-€15,004
Equity€6,267▼ 12.9%-€9,836-€26,787▼ 172%€10,922-€4,081
Total assets€282,920▼ 5.1%€256,251▼ 9.4%€279,471▲ 9.1%€318,459▲ 14.0%€427,312▲ 34.2%
Debt€276,653▼ 4.9%€266,086▼ 3.8%€306,258▲ 15.1%€307,536▲ 0.4%€431,393▲ 40.3%
Working capital€35,127€14,083▼ 59.9%€12,156▼ 13.7%€15,637▲ 28.6%-€91,751
Staff (FTE)10.3▲ 94.3%10.1▼ 1.9%9.9▼ 2.0%11.1▲ 12.1%14.1▲ 27.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,851 after €46,278 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427,312
Fixed assets
€190,467 ▲ 227%
Current assets
€236,845 ▼ 9.0%
Key figures and ratios
EBITDA
€8,712▼
2024 · €56,124
Cash flow
€1,560▼
2024 · €47,555
Solvency
-1.0%▼
2024 · 3.4%
Current ratio
0.72▼
2024 · 1.06
Quick ratio
0.48▼
2024 · 0.75
ROA
-3.5%▼
2024 · 11.8%
Interest coverage
0.95▼
2024 · 6.90
Debt ≤ 1 year
€328,597▲
2024 · €244,625
Debt > 1 year
€102,797▲
2024 · €62,912
Income taxes
€141▼
2024 · €2,659
Staff costs
€254,438▲
2024 · €205,213
A ratio outside any meaningful range has been withheld (balance sheet total €427,312, equity -€4,081).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 1,217 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,000 | €0 | - | - |
| Remuneration, social security and pensions62 | €206,149 | €222,530 | €252,445 | €205,213 | €254,438 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,808 | €12,551 | €7,992 | €9,845 | €16,563 | ▲ 68.2% |
| Other operating charges640/8 | €6,140 | €4,904 | €6,364 | €11,943 | €6,358 | ▼ 46.8% |
| Gross operating margin9900 | €307,270 | €215,952 | €255,932 | €273,279 | €269,509 | ▼ 1.4% |
| Operating profit (loss)9901 | €74,173 | -€24,033 | -€10,868 | €46,278 | -€7,851 | ▼ 117% |
| Financial income75/76B | €1,592 | €2,336 | €2,581 | €2,227 | €2,167 | ▼ 2.7% |
| Recurring financial income75 | €1,592 | €2,336 | €2,581 | €2,227 | €2,167 | ▼ 2.7% |
| Financial charges65/66B | €6,775 | €6,656 | €8,524 | €8,137 | €9,179 | ▲ 12.8% |
| Recurring financial charges65 | €6,775 | €6,656 | €8,524 | €8,137 | €9,179 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | €68,991 | -€28,353 | -€16,812 | €40,368 | -€14,863 | ▼ 137% |
| Income taxes67/77 | €14,915 | €149 | €140 | €2,659 | €141 | ▼ 94.7% |
| Profit (loss) for the period9904 | €54,075 | -€28,502 | -€16,952 | €37,710 | -€15,004 | ▼ 140% |
| Profit (loss) for the period to be appropriated9905 | €54,075 | -€28,502 | -€16,952 | €37,710 | -€15,004 | ▼ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,920 | €256,251 | €279,471 | €318,459 | €427,312 | ▲ 34.2% |
| Fixed assets21/28 | €52,680 | €40,730 | €54,954 | €58,197 | €190,467 | ▲ 227% |
| Tangible fixed assets22/27 | €48,630 | €36,080 | €50,904 | €54,147 | €186,417 | ▲ 244% |
| Land and buildings22 | - | - | - | - | €132,673 | - |
| Plant, machinery and equipment23 | €2,979 | €2,007 | €18,418 | €27,888 | €32,163 | ▲ 15.3% |
| Furniture and vehicles24 | €1,487 | €437 | €636 | €331 | €823 | ▲ 148% |
| Other tangible fixed assets26 | €44,165 | €33,636 | €31,849 | €25,928 | €20,758 | ▼ 19.9% |
| Financial fixed assets28 | €4,050 | €4,650 | €4,050 | €4,050 | €4,050 | = |
| Current assets29/58 | €230,239 | €215,521 | €224,517 | €260,262 | €236,845 | ▼ 9.0% |
| Amounts receivable after more than one year29 | €52,853 | €45,678 | €38,319 | €30,771 | €23,029 | ▼ 25.2% |
| Trade receivables290 | €52,853 | €45,678 | €38,319 | €30,771 | €23,029 | ▼ 25.2% |
| Stocks and contracts in progress3 | €68,298 | €75,302 | €79,282 | €76,824 | €80,529 | ▲ 4.8% |
| Stocks30/36 | €68,298 | €75,302 | €79,282 | €76,824 | €80,529 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €46,344 | €50,843 | €47,265 | €32,792 | €67,766 | ▲ 107% |
| Trade receivables40 | €42,360 | €49,943 | €46,365 | €31,547 | €65,866 | ▲ 109% |
| Other amounts receivable41 | €3,985 | €900 | €900 | €1,245 | €1,900 | ▲ 52.6% |
| Cash at bank and in hand54/58 | €61,457 | €41,215 | €58,875 | €119,365 | €55,015 | ▼ 53.9% |
| Deferred charges and accrued income490/1 | €1,286 | €2,483 | €777 | €511 | €10,507 | ▲ 1,958% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,920 | €256,251 | €279,471 | €318,459 | €427,312 | ▲ 34.2% |
| Equity10/15 | €6,267 | -€9,836 | -€26,787 | €10,922 | -€4,081 | ▼ 137% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €67 | -€28,436 | -€45,387 | -€7,678 | -€22,681 | ▼ 195% |
| Amounts payable17/49 | €276,653 | €266,086 | €306,258 | €307,536 | €431,393 | ▲ 40.3% |
| Amounts payable after more than one year17 | €81,541 | €64,648 | €93,897 | €62,912 | €102,797 | ▲ 63.4% |
| Financial debts170/4 | €81,541 | €64,648 | €93,897 | €62,912 | €102,797 | ▲ 63.4% |
| Amounts payable within one year42/48 | €195,112 | €201,438 | €212,361 | €244,625 | €328,597 | ▲ 34.3% |
| Current portion of amounts payable after more than one year42 | €27,594 | €17,390 | €33,823 | €35,992 | €47,679 | ▲ 32.5% |
| Trade debts44 | €30,940 | €55,719 | €69,049 | €104,632 | €101,388 | ▼ 3.1% |
| Suppliers440/4 | €30,940 | €55,719 | €69,049 | €104,632 | €101,388 | ▼ 3.1% |
| Taxes, remuneration and social security45 | €52,391 | €55,787 | €62,709 | €41,659 | €59,769 | ▲ 43.5% |
| Taxes450/3 | €15,808 | €12,509 | €12,478 | €13,392 | €16,005 | ▲ 19.5% |
| Remuneration and social security454/9 | €36,582 | €43,278 | €50,230 | €28,267 | €43,764 | ▲ 54.8% |
| Other amounts payable47/48 | €84,188 | €72,542 | €46,780 | €62,341 | €119,761 | ▲ 92.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,075 | -€28,502 | -€16,952 | €37,710 | -€15,004 | ▼ 140% |
| + Depreciation and write-downs630 | €20,808 | €12,551 | €7,992 | €9,845 | €16,563 | ▲ 68.2% |
| Operating cash flow (approximation) | €74,883 | -€15,952 | -€8,960 | €47,555 | €1,560 | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | -€600 | -€22,216 | -€13,088 | -€148,833 | ▼ 1,037% |
| Change in cash | - | -€20,242 | €17,659 | €60,490 | -€64,350 | ▼ 206% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €37,710
Net result €37,710 after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€28,502
Net result drops to -€28,502, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €55,513 ▲234%
Operating result €76,165, net result €55,513, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Back to profitnet €16,634
Net result €16,634 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
05-07
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.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Chaudfontaine · 2 establishment units since 2015
Ground area
1,734 m²
Building footprint
253 m²
Volume, LiDAR
341 m³
3 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
CASEUS BEAUFAYS
since 20152.242.747.391
CASEUS LIEGE
since 20152.242.747.292
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012A0007/00Y002 | Wallonia | 1,091 m² | 1 · 144 m² | - |
| 62012A0296/00T000 | Wallonia | 536 m² | 1 · 46 m² | 8.8 m · 2 fl. |
| 62805B0466/00T002 | Wallonia | 107 m² | 1 · 63 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesChaudfontaine2.242.747.391
Liège2.242.747.292
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Of 396 companies in sector 47271 we hold annual accounts for 154. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47271Retail trade
47251Retail sale of wines and spirits
47279Other retail sale of food
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631830383
Also
9925:BE0631830383
Registered
26-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.