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CASMU

Active
Private limited companyfounded 2025active for 1 yearRue Henri-Maus 64, 4000 Liège, BelgiumKBO/BCE: BE 1019.170.288
Summary

CASMU has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,971 and a net result of €84,971. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Turnover
≈ €270,000
Estimated: probably between €180,000 and €420,000
Total assets
€116,910
Net result
€84,971
Working capital
€86,719

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €116,910
Fixed assets €1,252
Current assets €115,658
Equity and liabilities €116,910
Equity €87,971
Debt €28,938
Debt finances 24.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€109,608
Cash flow
€85,093
Current ratio
4.00
Debt to equity
0.33
ROE
96.6%
ROA
72.7%
Interest coverage
78.14
Debt ≤ 1 year
€28,938
Income taxes
€23,111

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€116,910
Fixed assets21/28€1,252
Tangible fixed assets22/27€1,252
Furniture and vehicles24€1,252
Current assets29/58€115,658
Amounts receivable within one year40/41€70
Trade receivables40€70
Cash at bank and in hand54/58€95,956
Deferred charges and accrued income490/1€19,632
Equity and liabilities
Total equity and liabilities10/49€116,910
Equity10/15€87,971
Contributions10/11€3,000
Profit (loss) carried forward14€84,971
Amounts payable17/49€28,938
Amounts payable within one year42/48€28,938
Trade debts44€2,827
Suppliers440/4€2,827
Taxes, remuneration and social security45€26,111
Taxes450/3€26,111
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122
Other operating charges640/8€22
Gross operating margin9900€109,629
Operating profit (loss)9901€109,486
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,403
Recurring financial charges65€1,403
Profit (loss) for the period before taxes9903€108,083
Income taxes67/77€23,111
Profit (loss) for the period9904€84,971
Profit (loss) for the period to be appropriated9905€84,971
Appropriation of the result
Profit (loss) to be appropriated9906€84,971

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122
Other operating charges640/8€22
Gross operating margin9900€109,629
Operating profit (loss)9901€109,486
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,403
Recurring financial charges65€1,403
Profit (loss) for the period before taxes9903€108,083
Income taxes67/77€23,111
Profit (loss) for the period9904€84,971
Profit (loss) for the period to be appropriated9905€84,971
Line2025
Assets
Total assets20/58€116,910
Fixed assets21/28€1,252
Tangible fixed assets22/27€1,252
Furniture and vehicles24€1,252
Current assets29/58€115,658
Amounts receivable within one year40/41€70
Trade receivables40€70
Cash at bank and in hand54/58€95,956
Deferred charges and accrued income490/1€19,632
Equity and liabilities
Total equity and liabilities10/49€116,910
Equity10/15€87,971
Contributions10/11€3,000
Profit (loss) carried forward14€84,971
Amounts payable17/49€28,938
Amounts payable within one year42/48€28,938
Trade debts44€2,827
Suppliers440/4€2,827
Taxes, remuneration and social security45€26,111
Taxes450/3€26,111
Line2025
Profit (loss) for the period9904€84,971
+ Depreciation and write-downs630€122
Operating cash flow (approximation)€85,093

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-07-2026 2026-00341339

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.