CASSANO
ActiveSummary
The computed 12-month bankruptcy probability of CASSANO is 3.2% (moderate). The 2024 annual accounts show equity of €99,609 and a net result of -€8,183. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 18940 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-61
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 7.41 against 4.9 in 2023; short-term debt: 12.8% and cash: 10.3% of total assets), and 12.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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 2024Solvency, return and age of the figures
Solvency
87.2%
Return on assets
-7.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
51 d early
2022
42 d early
2021
40 d early
2020
43 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,183
2023 · €7,164
Working capital
€93,455▼ 5.8%
2023 · €99,243
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,625▲ 73.5%€12,595▼ 44.3%€28,243▲ 124%€14,398▼ 49.0%€244▼ 98.3%
Net result€11,610within the sector's middle half▲ 158%€5,159within the sector's middle half▼ 55.6%€16,866within the sector's middle half▲ 227%€7,164within the sector's middle half▼ 57.5%-€8,183below the sector's middle half
Equity€78,603within the sector's middle half▲ 17.3%€83,762above the sector's middle half▲ 6.6%€100,628above the sector's middle half▲ 20.1%€107,792above the sector's middle half▲ 7.1%€99,609above the sector's middle half▼ 7.6%
Total assets€85,499within the sector's middle half▲ 10.0%€93,137within the sector's middle half▲ 8.9%€114,993within the sector's middle half▲ 23.5%€133,266within the sector's middle half▲ 15.9%€114,183within the sector's middle half▼ 14.3%
Debt€6,896▼ 35.6%€9,375▲ 35.9%€14,365▲ 53.2%€25,474▲ 77.3%€14,574▼ 42.8%
Working capital€70,648above the sector's middle half▲ 40.3%€80,833above the sector's middle half▲ 14.4%€89,222above the sector's middle half▲ 10.4%€99,243above the sector's middle half▲ 11.2%€93,455above the sector's middle half▼ 5.8%
Solvency91.9%above the sector's middle half▲ 5.7pp89.9%above the sector's middle half▼ 2.0pp87.5%above the sector's middle half▼ 2.4pp80.9%above the sector's middle half▼ 6.6pp87.2%above the sector's middle half▲ 6.4pp
Current ratio11.24above the sector's middle half▲ 5.549.62above the sector's middle half▼ 1.627.21above the sector's middle half▼ 2.414.90above the sector's middle half▼ 2.327.41above the sector's middle half▲ 2.52
Return on assets (ROA)13.6%above the sector's middle half▲ 7.8pp5.5%within the sector's middle half▼ 8.0pp14.7%within the sector's middle half▲ 9.1pp5.4%within the sector's middle half▼ 9.3pp-7.2%below the sector's middle half▼ 12.5pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 98% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €114,183
Fixed assets
€6,154 ▼ 28.0%
Current assets
€108,029 ▼ 13.4%
Equity and liabilities €114,183
Equity
€99,609 ▼ 7.6%
Debt
€14,574 ▼ 42.8%
Debt's share of the balance-sheet total falls from 19.1% to 12.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,108▼
2023 · €18,335
Cash flow
-€4,319▼
2023 · €11,101
Quick ratio
6.94▲
2023 · 4.59
Debt to equity
0.15▼
2023 · 0.24
ROE
-8.2%▼
2023 · 6.6%
Interest coverage
0.50▼
2023 · 22.01
Debt ≤ 1 year
€14,574▼
2023 · €25,474
Income taxes
€348▼
2023 · €6,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,915 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,668 | €7,240 | €2,590 | €3,937 | €3,864 | ▼ 1.9% |
| Other operating charges640/8 | - | €2,315 | €2,860 | €1,034 | €3,411 | ▲ 230% |
| Gross operating margin9900 | €33,449 | €22,150 | €33,693 | €19,369 | €7,519 | ▼ 61.2% |
| Operating profit (loss)9901 | €22,625 | €12,595 | €28,243 | €14,398 | €244 | ▼ 98.3% |
| Financial income75/76B | - | €17 | €63 | €134 | €70 | ▼ 47.8% |
| Recurring financial income75 | €2 | €17 | €63 | €134 | €70 | ▼ 47.8% |
| Financial charges65/66B | - | €1,351 | €1,060 | €833 | €8,149 | ▲ 878% |
| Recurring financial charges65 | €1,445 | €1,351 | €1,060 | €833 | €8,149 | ▲ 878% |
| Profit (loss) for the period before taxes9903 | €21,182 | €11,261 | €27,246 | €13,699 | -€7,835 | ▼ 157% |
| Income taxes67/77 | €9,572 | €6,102 | €10,380 | €6,535 | €348 | ▼ 94.7% |
| Profit (loss) for the period9904 | €11,610 | €5,159 | €16,866 | €7,164 | -€8,183 | ▼ 214% |
| Profit (loss) for the period to be appropriated9905 | €11,610 | €5,159 | €16,866 | €7,164 | -€8,183 | ▼ 214% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,499 | €93,137 | €114,993 | €133,266 | €114,183 | ▼ 14.3% |
| Fixed assets21/28 | €7,955 | €2,929 | €11,406 | €8,549 | €6,154 | ▼ 28.0% |
| Tangible fixed assets22/27 | €7,955 | €2,929 | €11,406 | €8,549 | €6,154 | ▼ 28.0% |
| Plant, machinery and equipment23 | - | - | €1,503 | €1,164 | €2,215 | ▲ 90.3% |
| Furniture and vehicles24 | - | €1,690 | €5,642 | €3,701 | €673 | ▼ 81.8% |
| Other tangible fixed assets26 | - | €1,239 | €4,261 | €3,684 | €3,266 | ▼ 11.3% |
| Current assets29/58 | €77,544 | €90,208 | €103,587 | €124,717 | €108,029 | ▼ 13.4% |
| Stocks and contracts in progress3 | €4,842 | €6,355 | €7,501 | €7,860 | €6,838 | ▼ 13.0% |
| Stocks30/36 | - | €6,355 | €7,501 | €7,860 | €6,838 | ▼ 13.0% |
| Amounts receivable within one year40/41 | €20,059 | €51,391 | €62,206 | €74,347 | €74,479 | ▲ 0.2% |
| Trade receivables40 | - | €1,876 | €4,459 | €10,614 | - | - |
| Other amounts receivable41 | - | €49,515 | €57,747 | €63,733 | €74,479 | ▲ 16.9% |
| Current investments50/53 | €25,000 | €20,000 | €15,000 | €20,060 | €9,044 | ▼ 54.9% |
| Cash at bank and in hand54/58 | €24,951 | €11,131 | €17,452 | €16,436 | €11,768 | ▼ 28.4% |
| Deferred charges and accrued income490/1 | - | €1,331 | €1,428 | €6,014 | €5,900 | ▼ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,499 | €93,137 | €114,993 | €133,266 | €114,183 | ▼ 14.3% |
| Equity10/15 | €78,603 | €83,762 | €100,628 | €107,792 | €99,609 | ▼ 7.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €56,603 | €61,762 | €78,628 | €85,792 | €77,609 | ▼ 9.5% |
| Amounts payable17/49 | €6,896 | €9,375 | €14,365 | €25,474 | €14,574 | ▼ 42.8% |
| Amounts payable within one year42/48 | €6,896 | €9,375 | €14,365 | €25,474 | €14,574 | ▼ 42.8% |
| Trade debts44 | €324 | €1,314 | €157 | €4,361 | €2,719 | ▼ 37.7% |
| Suppliers440/4 | - | €1,314 | €157 | €4,361 | €2,719 | ▼ 37.7% |
| Taxes, remuneration and social security45 | - | €8,061 | €14,208 | €21,113 | €11,855 | ▼ 43.8% |
| Taxes450/3 | - | €8,061 | €14,208 | €21,113 | €11,855 | ▼ 43.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,610 | €5,159 | €16,866 | €7,164 | -€8,183 | ▼ 214% |
| + Depreciation and write-downs630 | €8,668 | €7,240 | €2,590 | €3,937 | €3,864 | ▼ 1.9% |
| Operating cash flow (approximation) | €20,278 | €12,399 | €19,456 | €11,101 | -€4,319 | ▼ 139% |
| Investment in fixed assets (approximation) | - | -€2,214 | -€11,067 | -€1,080 | -€1,469 | ▼ 36.0% |
| Change in cash | - | -€13,820 | €6,321 | -€1,016 | -€4,668 | ▼ 359% |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€8,183
Net result drops to -€8,183, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €16,866 ▲227%
Operating result €28,243, net result €16,866, both a record.
31-12
Financial
Equity above €100,000Eq €100,628 ▲20.1%
5 profitable years in a row build equity to €100,628.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.71
Current ratio from 2.30 to 5.71; short-term debt falls from €28,375 to €10,705.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2008
Ground area
225 m²
Building footprint
224 m²
Volume, LiDAR
3,587 m³
Parcel 21612C0004/00D031, Brussels · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
RESTAURANT BRASSERIE CAPPELLO
since 20082.169.900.787
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0004/00D031 | Brussels | 225 m² | 1 · 224 m² | 19.9 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.169.900.787
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 3,715 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
Founded23-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891012702
Registered
22-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.