CASSART
ActiveCASSART has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €12k. Equity is shrinking by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 2261 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +51 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+54
Solvency38▲+15
Growth39▼-1
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.95 in 2024), and 76.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
23.7%
Return on assets
17.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
1 d late
2023
3 d early
2010
24 d late
2009
31 d late
2008
34 d late
2007
29 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€306k▲ 5.1%
2024 · €291k
2023: €274k
2024: €291k
2023 → 2025
EBIT margin
6.5%▲ 9.6pp
2024 · -3.1%
2023: 6.7%
2024: -3.1%
2023 → 2025
Net result
€12k
2024 · €-12k
2023: €17k
2024: €-12k
2023 → 2025
Working capital
€9k
2024 · €-3k
2023: €-690
2024: €-3k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€274k-€291k▲ 6.2%€306k▲ 5.1%
Equity€26k-€14k▼ 45.0%€16k▲ 13.9%
Operating result€18k-€-9k€20k
Net result€17k-€-12k€12k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €9k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€13k▼ 50.2%
Current assets
€56k▲ 12.9%
Equity and liabilities €69k
Equity
€16k▲ 13.9%
Debt
€53k▼ 14.0%
The debt ratio falls from 81.0% to 76.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€28k▲
2024 · €12k
Cash flow
€20k▲
2024 · €9k
Solvency
23.7%▲
2024 · 19.0%
Current ratio
1.18▲
2024 · 0.95
Quick ratio
1.18▲
2024 · 0.95
Debt / equity
3.21▼
2024 · 4.26
ROE
73.0%▲
2024 · -81.8%
ROA
17.3%▲
2024 · -15.5%
Interest coverage
14.18▲
2024 · 6.17
Debt
€53k▼
2024 · €62k
Debt ≤ 1 year
€48k▼
2024 · €53k
Debt > 1 year
€5k▼
2024 · €9k
Income taxes
€6k▲
2024 · €817
Staff costs
€101k▼
2024 · €110k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76k€69k▼
Formation expenses20€0-
Fixed assets21/28€26k€13k▼
Tangible fixed assets22/27€26k€12k▼
Furniture and vehicles24€26k€12k▼
Financial fixed assets28€272€699▲
Current assets29/58€50k€56k▲
Amounts receivable within one year40/41€38k€34k▼
Trade receivables40€36k€32k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€7k€17k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€76k€69k▼
Equity10/15€14k€16k▲
Contributions10/11€1k€1k=
Reserves13€124€124=
Non-distributable reserves130/1€124€124=
Reserves not available under the articles1311€124€124=
Profit (loss) carried forward14€13k€15k▲
Amounts payable17/49€62k€53k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€53k€48k▼
Current portion of amounts payable after more than one year42€7k€4k▼
Trade debts44€10k€8k▼
Suppliers440/4€10k€8k▼
Taxes, remuneration and social security45€34k€27k▼
Taxes450/3€14k€16k▲
Remuneration and social security454/9€20k€10k▼
Other amounts payable47/48€1k€10k▲
Income statement
Code20242025
Turnover70€291k€306k▲
Non-recurring operating income76A€541€6k▲
Goods, raw materials, services and sundry goods60/61€166k€175k▲
Remuneration, social security and pensions62€110k€101k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€8k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€1k€6k▲
Gross operating margin9900€125k€136k▲
Operating profit (loss)9901€-9k€20k▲
Financial income75/76B€0€64▲
Recurring financial income75€0€64▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-11k€18k▲
Income taxes67/77€817€6k▲
Profit (loss) for the period9904€-12k€12k▲
Profit (loss) for the period to be appropriated9905€-12k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€25k▲
Profit (loss) brought forward from the previous period14P€25k€13k▼
Transfer to equity691/2-€10k
To contributions691-€10k
Social balance
Average headcount (FTE)90872.52.4▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
31-12
Financial
Weakest financial yearnet €-12k ▼171%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2011
24-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 24 days late
2010
31-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 31 days late
2009
03-09
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 34 days late
2008
29-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 29 days late
2007
02-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
20-06
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
28-06
NBB filing
Annual accounts filed
fiscal year 2004 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Yvoir · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Quartier-Les-Trys, Godinne 95530 YvoirGround area
493 m²
Building footprint
108 m²
Volume, LiDAR
701 m³
Parcel 91056B0314/00M003, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Trys, Godinne 9, 5530 Yvoir
since 20012.131.656.756
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91056B0314/00M003 | Wallonia | 493 m² | 1 · 108 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,175 companies in sector 69201 we hold annual accounts for 7,639. 4,053 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2000
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74851
82100Office administrative and support services
82190Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.