CASI
ActiveSummary
CASI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €-10k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-29
Solvency99▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.79 against 6.74 in 2024; short-term debt: 26.4% and cash: 0.8% of total assets), and 26.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
73.6%
Return on assets
-11.6%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
7 d early
2023
30 d early
2022
3 d early
2021
5 d late
2020
20 d late
2019
49 d late
← 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
Financials · fiscal year 2025, micro schema
Equity
€64k▼ 13.6%
2024 · €74k
2018: €49klowest in 8 years
2019: €50k▲ +1.9% vs 2018
2020: €53k▲ +6.4% vs 2019
2021: €54k▲ +1.9% vs 2020
2022: €63k▲ +17.1% vs 2021
2023: €73k▲ +15.7% vs 2022
2024: €74k▲ +0.3% vs 2023highest in 8 years
2025: €64k▼ -13.6% vs 2024
2018 → 2025
Total assets
€86k▼ 0.1%
2024 · €86k
2018: €80k
2019: €71k▼ -11.3% vs 2018
2020: €70k▼ -2.0% vs 2019
2021: €68k▼ -2.4% vs 2020lowest in 8 years
2022: €74k▲ +8.7% vs 2021
2023: €84k▲ +13.5% vs 2022
2024: €86k▲ +2.6% vs 2023highest in 8 years
2025: €86k▼ -0.1% vs 2024
2018 → 2025
Net result
€-10k
2024 · €233
2018: €642
2019: €945▲ +47.2% vs 2018
2020: €3k▲ +238% vs 2019
2021: €1k▼ -68.6% vs 2020
2022: €9k▲ +821% vs 2021
2023: €10k▲ +7.7% vs 2022highest in 8 years
2024: €233▼ -97.7% vs 2023
2025: €-10k▼ -4385% vs 2024lowest in 8 years
2018 → 2025
Working capital
€64k▼ 13.6%
2024 · €74k
2018: €46klowest in 8 years
2019: €49k▲ +6.9% vs 2018
2020: €54k▲ +10.8% vs 2019
2021: €54k● +0.0% vs 2020
2022: €63k▲ +17.1% vs 2021
2023: €73k▲ +15.7% vs 2022
2024: €74k▲ +0.3% vs 2023highest in 8 years
2025: €64k▼ -13.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€63k▲ 17.1%€73k▲ 15.7%€74k▲ 0.3%€64k▼ 13.6%
2021: €54klowest in 5 years
2022: €63k▲ +17.1% vs 2021
2023: €73k▲ +15.7% vs 2022
2024: €74k▲ +0.3% vs 2023highest in 5 years
2025: €64k▼ -13.6% vs 2024
Operating result€2k-€15k▲ 556%€15k▲ 1.4%€677▼ 95.6%€-10k
2021: €2k
2022: €15k▲ +556% vs 2021
2023: €15k▲ +1.4% vs 2022highest in 5 years
2024: €677▼ -95.6% vs 2023
2025: €-10k▼ -1559% vs 2024lowest in 5 years
Net result€1k-€9k▲ 821%€10k▲ 7.7%€233▼ 97.7%€-10k
2021: €1k
2022: €9k▲ +821% vs 2021
2023: €10k▲ +7.7% vs 2022highest in 5 years
2024: €233▼ -97.7% vs 2023
2025: €-10k▼ -4385% vs 2024lowest in 5 years
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 €10k after €677 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €86k
Equity
€64k ▼ 13.6%
Debt
€23k ▲ 77.3%
Debt's share of the balance-sheet total rises from 14.8% to 26.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.79▼
2024 · 6.74
Debt to equity
0.36▲
2024 · 0.17
ROE
-15.8%▼
2024 · 0.3%
ROA
-11.6%▼
2024 · 0.3%
Debt ≤ 1 year
€23k▲
2024 · €13k
Income taxes
€40▼
2024 · €115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€86k▼
Current assets29/58€86k€86k▼
Amounts receivable within one year40/41€86k€85k▼
Trade receivables40€34k€34k=
Other amounts receivable41€52k€52k▼
Cash at bank and in hand54/58€108€729▲
Deferred charges and accrued income490/1€15-
Equity and liabilities
Total equity and liabilities10/49€86k€86k▼
Equity10/15€74k€64k▼
Contributions10/11€6k€6k=
Reserves13€67k€57k▼
Distributable reserves133€67k€57k▼
Amounts payable17/49€13k€23k▲
Amounts payable within one year42/48€13k€23k▲
Trade debts44€299€100▼
Suppliers440/4€299€100▼
Taxes, remuneration and social security45€5k€100▼
Taxes450/3€5k€100▼
Other amounts payable47/48€7k€23k▲
Income statement
Code20242025
Non-recurring operating income76A€240-
Other operating charges640/8€508€1k▲
Non-recurring operating charges66A€26€63▲
Gross operating margin9900€1k€-9k▼
Operating profit (loss)9901€677€-10k▼
Financial charges65/66B€328€90▼
Recurring financial charges65€220€90▼
Non-recurring financial charges66B€108-
Profit (loss) for the period before taxes9903€349€-10k▼
Income taxes67/77€115€40▼
Profit (loss) for the period9904€233€-10k▼
Profit (loss) for the period to be appropriated9905€233€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€233€-10k▼
Transfer from equity791/2-€10k
Transfer to equity691/2€233-
To other reserves6921€233-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | €240 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €21k | €17k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | - | - | - | - | - |
| Other operating charges640/8 | €361 | €560 | €252 | €508 | €1k | ▲ 135% |
| Non-recurring operating charges66A | - | €37 | €0 | €26 | €63 | ▲ 147% |
| Gross operating margin9900 | €11k | €16k | €16k | €1k | €-9k | ▼ 812% |
| Operating profit (loss)9901 | €2k | €15k | €15k | €677 | €-10k | ▼ 1,559% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | €818 | €1k | €367 | €328 | €90 | ▼ 72.6% |
| Recurring financial charges65 | €514 | €689 | €309 | €220 | €90 | ▼ 59.1% |
| Non-recurring financial charges66B | €304 | €406 | €58 | €108 | - | - |
| Profit (loss) for the period before taxes9903 | €1k | €14k | €15k | €349 | €-10k | ▼ 2,956% |
| Income taxes67/77 | €482 | €5k | €5k | €115 | €40 | ▼ 65.2% |
| Profit (loss) for the period9904 | €1k | €9k | €10k | €233 | €-10k | ▼ 4,385% |
| Profit (loss) for the period to be appropriated9905 | €1k | €9k | €10k | €233 | €-10k | ▼ 4,385% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €74k | €84k | €86k | €86k | ▼ 0.1% |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Current assets29/58 | €68k | €74k | €84k | €86k | €86k | ▼ 0.1% |
| Amounts receivable within one year40/41 | €67k | €73k | €81k | €86k | €85k | ▼ 0.8% |
| Trade receivables40 | €20k | €26k | €31k | €34k | €34k | = |
| Other amounts receivable41 | €48k | €47k | €50k | €52k | €52k | ▼ 1.3% |
| Cash at bank and in hand54/58 | €211 | €696 | €2k | €108 | €729 | ▲ 575% |
| Deferred charges and accrued income490/1 | €458 | €454 | €602 | €15 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €74k | €84k | €86k | €86k | ▼ 0.1% |
| Equity10/15 | €54k | €63k | €73k | €74k | €64k | ▼ 13.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €48k | €57k | €67k | €67k | €57k | ▼ 14.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €46k | €55k | €67k | €67k | €57k | ▼ 14.9% |
| Amounts payable17/49 | €14k | €11k | €11k | €13k | €23k | ▲ 77.3% |
| Amounts payable within one year42/48 | €14k | €11k | €11k | €13k | €23k | ▲ 77.3% |
| Current portion of amounts payable after more than one year42 | €9k | - | - | - | - | - |
| Trade debts44 | €3k | €1k | €573 | €299 | €100 | ▼ 66.5% |
| Suppliers440/4 | €3k | €1k | €573 | €299 | €100 | ▼ 66.5% |
| Taxes, remuneration and social security45 | €2k | €6k | €10k | €5k | €100 | ▼ 98.0% |
| Taxes450/3 | €2k | €6k | €10k | €5k | €100 | ▼ 98.0% |
| Other amounts payable47/48 | - | €4k | €499 | €7k | €23k | ▲ 204% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €9k | €10k | €233 | €-10k | ▼ 4,385% |
| + Depreciation and write-downs630 | €8k | - | - | - | - | - |
| Operating cash flow (approximation) | €9k | €9k | €10k | €233 | €-10k | ▼ 4,385% |
| Change in cash | - | €485 | €2k | €-2k | €621 | ▲ 129% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €10k ▲7.7%
Operating result €15k, net result €10k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Chapelle-lez-Herlaimont · 1 establishment unit since 2011
Ground area
1,455 m²
Building footprint
149 m²
Volume, LiDAR
906 m³
Parcel 52010A0207/00Y002, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue du Chêne 97, 7160 Chapelle-lez-Herlaimont
since 20112.205.867.201
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52010A0207/00Y002 | Wallonia | 1,455 m² | 1 · 149 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VEREECKEN
BE 0480.012.616
Kontich · Eq €63,493
MDBuild
BE 0805.366.749
Gent · Eq €63,523
GENAX
BE 0426.801.384
Machelen (Brab.) · Eq €63,530
RENO NEYT
BE 0781.747.546
Rumst · Eq €63,539
EREVA
BE 0735.604.349
Middelkerke · Eq €63,592
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,193 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
Founded28-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.