Cashaca Software
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 57% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 1.2 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
| Training hours | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €15,417 |
| Intangible fixed assets | - | €70,000 | €640,794 |
| Depreciation and write-downs of the year | €15,995 | €17,779 | €87,791 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €96,046 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,995 | €17,779 | €87,791 | ▲ 394% |
| Other operating charges640/8 | €1,009 | €505 | €264 | ▼ 47.7% |
| Non-recurring operating charges66A | €328 | €0 | €6 | - |
| Gross operating margin9900 | -€7,748 | €145,787 | €239,506 | ▲ 64.3% |
| Operating profit (loss)9901 | -€25,080 | €127,503 | €55,400 | ▼ 56.6% |
| Financial income75/76B | €48 | €476 | €2,257 | ▲ 375% |
| Recurring financial income75 | €48 | €476 | €2,257 | ▲ 375% |
| Financial charges65/66B | €15,147 | €18,221 | €17,516 | ▼ 3.9% |
| Recurring financial charges65 | €14,837 | €18,221 | €17,516 | ▼ 3.9% |
| Non-recurring financial charges66B | €311 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€40,178 | €109,758 | €40,140 | ▼ 63.4% |
| Profit (loss) for the period9904 | -€40,178 | €109,758 | €40,140 | ▼ 63.4% |
| Profit (loss) for the period to be appropriated9905 | -€40,178 | €109,758 | €40,140 | ▼ 63.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €219,382 | €277,729 | €771,846 | ▲ 178% |
| Fixed assets21/28 | €49,493 | €101,714 | €670,134 | ▲ 559% |
| Intangible fixed assets21 | €49,367 | €101,652 | €658,669 | ▲ 548% |
| Tangible fixed assets22/27 | €126 | €63 | €11,466 | ▲ 182× |
| Furniture and vehicles24 | €126 | €63 | €11,466 | ▲ 182× |
| Current assets29/58 | €169,889 | €176,014 | €101,711 | ▼ 42.2% |
| Amounts receivable after more than one year29 | €30,000 | - | - | - |
| Trade receivables290 | €0 | - | - | - |
| Other amounts receivable291 | €30,000 | - | - | - |
| Amounts receivable within one year40/41 | - | €38,560 | €38,766 | ▲ 0.5% |
| Trade receivables40 | - | €47 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €38,512 | €38,766 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €139,889 | €126,167 | €61,861 | ▼ 51.0% |
| Deferred charges and accrued income490/1 | - | €11,287 | €1,084 | ▼ 90.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €219,382 | €277,729 | €771,846 | ▲ 178% |
| Equity10/15 | €22,088 | -€118,154 | -€78,014 | ▲ 34.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €19,088 | -€121,154 | -€81,014 | ▲ 33.1% |
| Amounts payable17/49 | €197,294 | €395,883 | €849,859 | ▲ 115% |
| Amounts payable within one year42/48 | €197,294 | €145,883 | €582,025 | ▲ 299% |
| Financial debts43 | €102 | €0 | - | - |
| Credit institutions430/8 | €102 | - | - | - |
| Other loans439 | - | €0 | - | - |
| Trade debts44 | €187,275 | €105,024 | €281,865 | ▲ 168% |
| Suppliers440/4 | €187,275 | €105,024 | €281,865 | ▲ 168% |
| Taxes, remuneration and social security45 | €6,120 | €40,812 | €33,289 | ▼ 18.4% |
| Taxes450/3 | €6,120 | €40,812 | €2,384 | ▼ 94.2% |
| Remuneration and social security454/9 | - | - | €30,904 | - |
| Other amounts payable47/48 | €3,797 | €46 | €266,871 | ▲ 5,805× |
| Accrued charges and deferred income492/3 | - | €250,000 | €267,835 | ▲ 7.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,178 | €109,758 | €40,140 | ▼ 63.4% |
| + Depreciation and write-downs630 | €15,995 | €17,779 | €87,791 | ▲ 394% |
| Operating cash flow (approximation) | -€24,183 | €127,536 | €127,931 | ▲ 0.3% |
| Investment in fixed assets (approximation) | - | -€70,000 | -€656,211 | ▼ 837% |
| Change in cash | - | -€13,721 | -€64,306 | ▼ 369% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,180 companies had the same profile as Cashaca Software has now. Two years later, 88.8% were still going and 4.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Cashaca Software itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for Cashaca Software. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.