CASSADY
InactiveCASSADY was declared bankrupt on 20-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 03-12-2024, published in the Belgian State Gazette on 20-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-08-2022, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
16 d late
2020
9 d early
2019
37 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Turnover
€112,327
EBIT margin
-5.5%
Net result
-€27,577
2020 · €3,120
Working capital
-€30,656▼ 2,005%
2020 · -€1,456
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
Line2018201920202021
Turnover€112,327
Operating result€712--€6,144€5,211-€27,179
Net result-€230--€7,377▼ 3,101%€3,120-€27,577
EBIT margin-5.5%
Equity€2,139--€5,238-€2,117▲ 59.6%-€29,694▼ 1,303%
Total assets€9,431-€37,971▲ 303%€17,603▼ 53.6%€12,120▼ 31.1%
Debt€7,292-€43,208▲ 493%€19,720▼ 54.4%€41,814▲ 112%
Working capital€820--€2,923-€1,456▲ 50.2%-€30,656▼ 2,005%
Staff (FTE)1.1
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 2021: a loss of €27,179 after €5,211 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12,120
Fixed assets
€9,026 ▼ 32.7%
Current assets
€3,094 ▼ 26.3%
Key figures and ratios
EBITDA
-€22,799▼
2020 · €9,810
Cash flow
-€23,197▼
2020 · €7,719
Solvency
-245.0%▼
2020 · -12.0%
Current ratio
0.09▼
2020 · 0.74
Debt to equity
-1.41▲
2020 · -6.61
ROA
-227.5%▼
2020 · 17.7%
Interest coverage
-91.85
Debt ≤ 1 year
€33,750▲
2020 · €5,653
Debt > 1 year
€8,064▼
2020 · €13,992
Income taxes
€149▼
2020 · €1,789
Staff costs
€23,607
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €112,327 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €23,607 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €834 | €5,214 | €4,599 | €4,380 | ▼ 4.8% |
| Other operating charges640/8 | - | - | - | €1,948 | - |
| Gross operating margin9900 | €16,045 | €40,883 | €31,165 | €2,755 | ▼ 91.2% |
| Operating profit (loss)9901 | €712 | -€6,144 | €5,211 | -€27,179 | ▼ 622% |
| Recurring financial income75 | - | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €248 | - |
| Recurring financial charges65 | €204 | €1,208 | €302 | €248 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €507 | -€7,352 | €4,909 | -€27,428 | ▼ 659% |
| Income taxes67/77 | €738 | €25 | €1,789 | €149 | ▼ 91.6% |
| Profit (loss) for the period9904 | -€230 | -€7,377 | €3,120 | -€27,577 | ▼ 984% |
| Profit (loss) for the period to be appropriated9905 | -€230 | -€7,377 | €3,120 | -€27,577 | ▼ 984% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,431 | €37,971 | €17,603 | €12,120 | ▼ 31.1% |
| Fixed assets21/28 | €1,319 | €18,005 | €13,406 | €9,026 | ▼ 32.7% |
| Tangible fixed assets22/27 | €1,053 | €17,739 | €13,140 | €8,760 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | €8,760 | - |
| Financial fixed assets28 | €266 | €266 | €266 | €266 | = |
| Current assets29/58 | €8,112 | €19,966 | €4,197 | €3,094 | ▼ 26.3% |
| Amounts receivable within one year40/41 | €490 | €16,065 | €28 | €3,094 | ▲ 11,094% |
| Trade receivables40 | - | - | - | €3,094 | - |
| Cash at bank and in hand54/58 | €7,622 | €2,750 | €4,169 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,431 | €37,971 | €17,603 | €12,120 | ▼ 31.1% |
| Equity10/15 | €2,139 | -€5,238 | -€2,117 | -€29,694 | ▼ 1,303% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€16,461 | -€23,838 | -€20,717 | -€48,294 | ▼ 133% |
| Amounts payable17/49 | €7,292 | €43,208 | €19,720 | €41,814 | ▲ 112% |
| Amounts payable after more than one year17 | - | €18,699 | €13,992 | €8,064 | ▼ 42.4% |
| Financial debts170/4 | - | - | - | €8,064 | - |
| Amounts payable within one year42/48 | €7,292 | €22,888 | €5,653 | €33,750 | ▲ 497% |
| Financial debts43 | - | - | - | €263 | - |
| Credit institutions430/8 | - | - | - | €263 | - |
| Trade debts44 | €1,188 | €568 | €687 | €380 | ▼ 44.7% |
| Suppliers440/4 | - | - | - | €380 | - |
| Taxes, remuneration and social security45 | - | - | - | €22,638 | - |
| Taxes450/3 | - | - | - | €6,378 | - |
| Remuneration and social security454/9 | - | - | - | €16,260 | - |
| Other amounts payable47/48 | - | - | - | €10,469 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€230 | -€7,377 | €3,120 | -€27,577 | ▼ 984% |
| + Depreciation and write-downs630 | €834 | €5,214 | €4,599 | €4,380 | ▼ 4.8% |
| Operating cash flow (approximation) | €604 | -€2,162 | €7,719 | -€23,197 | ▼ 401% |
| Investment in fixed assets (approximation) | - | -€21,900 | €0 | €0 | - |
| Change in cash | - | -€4,871 | €1,419 | - | - |
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
2025
20-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-12-2024
2023
03-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-10-2022
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet -€27,577
Net result drops to -€27,577, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,120
Net result €3,120 after 2 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 37 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOM HERMANS AMERIKALEI 122, 2000 ANTWERPEN 1- |
20-10-2022 → 03-12-2024 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes