CASK'
ActiveSummary
CASK' has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,271 and a net result of €1,420. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-22
Solvency48▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.8 in 2024; short-term debt: 55% and cash: 2.9% of total assets), and 77.1% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
22.9%
Return on assets
0.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-03-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
6 d early
2023
12 d early
2022
9 d early
2021
8 d early
2020
2 d early
2019
31 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€136,271▲ 1.1%
2024 · €134,851
Total assets
€595,345▲ 41.0%
2024 · €422,255
Net result
€1,420
2024 · -€555
Working capital
-€129,079▼ 123%
2024 · -€57,979
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€8,142▼ 80.6%€8,070▼ 0.9%€26,479▲ 228%€762▼ 97.1%€7,026▲ 822%
Net result€5,633▼ 82.3%€5,648▲ 0.3%€16,845▲ 198%-€555€1,420
Equity€112,913▲ 5.3%€118,561▲ 5.0%€135,406▲ 14.2%€134,851▼ 0.4%€136,271▲ 1.1%
Total assets€393,618▼ 2.8%€399,560▲ 1.5%€438,031▲ 9.6%€422,255▼ 3.6%€595,345▲ 41.0%
Debt€280,705▼ 5.7%€280,999▲ 0.1%€302,625▲ 7.7%€287,404▼ 5.0%€459,074▲ 59.7%
Working capital-€96,871▲ 11.7%-€85,863▲ 11.4%-€64,874▲ 24.4%-€57,979▲ 10.6%-€129,079▼ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 822% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €595,345
Fixed assets
€396,939 ▲ 102%
Current assets
€198,405 ▼ 12.0%
Equity and liabilities €595,345
Equity
€136,271 ▲ 1.1%
Debt
€459,074 ▲ 59.7%
Debt's share of the balance-sheet total rises from 68.1% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,310▲
2024 · €10,815
Cash flow
€15,704▲
2024 · €9,498
Current ratio
0.61▼
2024 · 0.80
Debt to equity
3.37▲
2024 · 2.13
ROE
1.0%▲
2024 · -0.4%
ROA
0.2%▲
2024 · -0.1%
Interest coverage
3.37▼
2024 · 10.83
Debt ≤ 1 year
€327,485▲
2024 · €283,554
Debt > 1 year
€127,111
Income taxes
€1,710▲
2024 · €667
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,244 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,140 | €9,138 | €10,145 | €10,053 | €14,283 | ▲ 42.1% |
| Other operating charges640/8 | €2,961 | €1,836 | €1,540 | €2,668 | €5,427 | ▲ 103% |
| Gross operating margin9900 | €21,487 | €19,043 | €38,164 | €13,483 | €26,737 | ▲ 98.3% |
| Operating profit (loss)9901 | €8,142 | €8,070 | €26,479 | €762 | €7,026 | ▲ 822% |
| Financial income75/76B | €549 | €1,244 | €0 | €348 | €2,433 | ▲ 600% |
| Recurring financial income75 | €549 | €1,244 | €0 | €348 | €2,433 | ▲ 600% |
| Financial charges65/66B | €112 | €127 | €773 | €998 | €6,328 | ▲ 534% |
| Recurring financial charges65 | €112 | €127 | €773 | €998 | €6,328 | ▲ 534% |
| Profit (loss) for the period before taxes9903 | €8,578 | €9,187 | €25,706 | €112 | €3,131 | ▲ 2,702% |
| Income taxes67/77 | €2,945 | €3,539 | €8,861 | €667 | €1,710 | ▲ 156% |
| Profit (loss) for the period9904 | €5,633 | €5,648 | €16,845 | -€555 | €1,420 | ▲ 356% |
| Profit (loss) for the period to be appropriated9905 | €5,633 | €5,648 | €16,845 | -€555 | €1,420 | ▲ 356% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €393,618 | €399,560 | €438,031 | €422,255 | €595,345 | ▲ 41.0% |
| Fixed assets21/28 | €213,634 | €208,274 | €206,733 | €196,680 | €396,939 | ▲ 102% |
| Tangible fixed assets22/27 | €213,634 | €208,274 | €206,733 | €196,680 | €396,939 | ▲ 102% |
| Land and buildings22 | €211,967 | €207,240 | €206,334 | €196,680 | €396,939 | ▲ 102% |
| Furniture and vehicles24 | €1,667 | €1,033 | €400 | - | - | - |
| Current assets29/58 | €179,984 | €191,286 | €231,298 | €225,575 | €198,405 | ▼ 12.0% |
| Amounts receivable after more than one year29 | €110,367 | €101,588 | €93,768 | €72,148 | €59,478 | ▼ 17.6% |
| Other amounts receivable291 | €110,367 | €101,588 | €93,768 | €72,148 | €59,478 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €21,958 | €35,282 | €68,169 | €48,940 | €35,530 | ▼ 27.4% |
| Trade receivables40 | €12,048 | €15,263 | €35,281 | €20,367 | €6,957 | ▼ 65.8% |
| Other amounts receivable41 | €9,910 | €20,019 | €32,888 | €28,573 | €28,573 | = |
| Current investments50/53 | - | - | - | €80,000 | €85,000 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €46,926 | €53,365 | €68,643 | €22,634 | €17,286 | ▼ 23.6% |
| Deferred charges and accrued income490/1 | €733 | €1,051 | €718 | €1,853 | €1,112 | ▼ 40.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €393,618 | €399,560 | €438,031 | €422,255 | €595,345 | ▲ 41.0% |
| Equity10/15 | €112,913 | €118,561 | €135,406 | €134,851 | €136,271 | ▲ 1.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €63,524 | €69,172 | €86,017 | €86,017 | €86,017 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €61,524 | €67,172 | €86,017 | €86,017 | €86,017 | = |
| Profit (loss) carried forward14 | €29,389 | €29,389 | €29,389 | €28,834 | €30,254 | ▲ 4.9% |
| Amounts payable17/49 | €280,705 | €280,999 | €302,625 | €287,404 | €459,074 | ▲ 59.7% |
| Amounts payable after more than one year17 | - | - | - | - | €127,111 | - |
| Financial debts170/4 | - | - | - | - | €127,111 | - |
| Amounts payable within one year42/48 | €276,855 | €277,149 | €296,172 | €283,554 | €327,485 | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €13,239 | - |
| Trade debts44 | €4,067 | €488 | €11,694 | €13,392 | €5,714 | ▼ 57.3% |
| Suppliers440/4 | €4,067 | €488 | €11,694 | €13,392 | €5,714 | ▼ 57.3% |
| Taxes, remuneration and social security45 | €7,265 | €8,923 | €14,348 | €4,088 | €5,629 | ▲ 37.7% |
| Taxes450/3 | €3,326 | €3,539 | €8,861 | €640 | €981 | ▲ 53.3% |
| Remuneration and social security454/9 | €3,938 | €5,384 | €5,487 | €3,448 | €4,648 | ▲ 34.8% |
| Other amounts payable47/48 | €265,524 | €267,737 | €270,130 | €266,075 | €302,902 | ▲ 13.8% |
| Accrued charges and deferred income492/3 | €3,850 | €3,850 | €6,453 | €3,850 | €4,478 | ▲ 16.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,633 | €5,648 | €16,845 | -€555 | €1,420 | ▲ 356% |
| + Depreciation and write-downs630 | €9,140 | €9,138 | €10,145 | €10,053 | €14,283 | ▲ 42.1% |
| Operating cash flow (approximation) | €14,773 | €14,786 | €26,991 | €9,498 | €15,704 | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | -€3,777 | -€8,605 | €0 | -€214,543 | - |
| Change in cash | - | €6,439 | €15,278 | -€46,010 | -€5,348 | ▲ 88.4% |
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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €1,420
Net result €1,420 after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€555
Net result drops to -€555, the lowest in the series; recovery starts the following year.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €31,756 ▲23.9%
Operating result €42,036, net result €31,756, both a record.
30-09
Financial
Equity above €100,000Eq €107,280 ▲30%
3 profitable years in a row build equity to €107,280.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Leuven · 3 establishment units since 2000
Ground area
1,216 m²
Building footprint
429 m²
Volume, LiDAR
5,083 m³
3 parcels, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
Erasme Ruelensvest 83, 3001 Leuven
since 20002.099.582.420
CASK!
since 20182.370.693.064
CASK!
since 20252.370.693.163
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0017/00L006 | Flanders | 720 m² | 1 · 133 m² | 12.8 m · 4 fl. |
| 24433E0013/00L009 | Flanders | 331 m² | 1 · 138 m² | 10.2 m · 2 fl. |
| 35013A1595/00K030 | Flanders | 164 m² | 1 · 157 m² | 23.6 m · 7 fl. |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 40,872 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
Founded14-04-2000
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
71112Activities of interior architects
81100Combined facilities support activities
90393Specialised image, lighting and sound technical services
90399Other support activities for arts and performing arts
Scores and ratios are computed by Checked and are not a credit decision.