CASSIAN CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CASSIAN CONCEPT is 2.1% (moderate). For CASSIAN CONCEPT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €135,668 and a net result of €83,206. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability100=
Solvency85▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2022Solvency, return and age of the figures
Solvency
60%
Return on assets
36.8%
Age of the figures
48 mo
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 · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 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 · 7 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 11-07-2024, 438 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
438 d late
2021
104 d late
2020
on the day
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 130 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
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Financials · fiscal year 2022, micro schema
Equity
€135,668▲ 159%
2021 · €52,462
Total assets
€226,101▲ 196%
2021 · €76,368
Net result
€83,206▲ 126%
2021 · €36,779
Working capital
€132,090▲ 165%
2021 · €49,762
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
Line20182019202020212022
Operating result-€8,485--€554▲ 93.5%€26,962€38,554▲ 43.0%€83,351▲ 116%
Net result-€8,485--€554▲ 93.5%€26,920€36,779▲ 36.6%€83,206▲ 126%
Equity-€10,682--€11,236▼ 5.2%€15,683€52,462▲ 235%€135,668▲ 159%
Total assets€53,570€76,368▲ 42.6%€226,101▲ 196%
Debt€10,682-€11,236▲ 5.2%€37,887▲ 237%€23,906▼ 36.9%€90,433▲ 278%
Working capital€12,083€49,762▲ 312%€132,090▲ 165%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 116% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €226,101
Fixed assets
€3,578 ▲ 32.5%
Current assets
€222,523 ▲ 202%
Equity and liabilities €226,101
Equity
€135,668 ▲ 159%
Debt
€90,433 ▲ 278%
Debt's share of the balance-sheet total rises from 31.3% to 40.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84,473▲
2021 · €39,454
Cash flow
€84,328▲
2021 · €37,679
Current ratio
2.46▼
2021 · 3.08
Debt to equity
0.67▲
2021 · 0.46
ROE
61.3%▼
2021 · 70.1%
ROA
36.8%▼
2021 · 48.2%
Interest coverage
538.42▲
2021 · 224.04
Debt ≤ 1 year
€90,433▲
2021 · €23,906
Income taxes
-€12▼
2021 · €1,599
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €477 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,404 | - | €900 | €900 | €1,122 | ▲ 24.7% |
| Other operating charges640/8 | - | - | - | - | €5,554 | - |
| Gross operating margin9900 | -€440 | -€554 | €27,862 | €39,931 | €90,028 | ▲ 125% |
| Operating profit (loss)9901 | -€8,485 | -€554 | €26,962 | €38,554 | €83,351 | ▲ 116% |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €176 | €157 | ▼ 10.9% |
| Recurring financial charges65 | - | - | €43 | €176 | €157 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | -€8,485 | -€554 | €26,920 | €38,377 | €83,194 | ▲ 117% |
| Income taxes67/77 | - | - | - | €1,599 | -€12 | ▼ 101% |
| Profit (loss) for the period9904 | -€8,485 | -€554 | €26,920 | €36,779 | €83,206 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | -€8,485 | -€554 | €26,920 | €36,779 | €83,206 | ▲ 126% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | - | €53,570 | €76,368 | €226,101 | ▲ 196% |
| Fixed assets21/28 | - | - | €3,600 | €2,700 | €3,578 | ▲ 32.5% |
| Tangible fixed assets22/27 | - | - | €3,600 | €2,700 | €3,578 | ▲ 32.5% |
| Plant, machinery and equipment23 | - | - | - | - | €1,778 | - |
| Furniture and vehicles24 | - | - | - | €2,700 | €1,800 | ▼ 33.3% |
| Current assets29/58 | - | - | €49,970 | €73,668 | €222,523 | ▲ 202% |
| Amounts receivable within one year40/41 | - | - | €33,691 | €66,911 | €216,379 | ▲ 223% |
| Trade receivables40 | - | - | - | €5,000 | €45,523 | ▲ 810% |
| Other amounts receivable41 | - | - | - | €61,911 | €170,857 | ▲ 176% |
| Cash at bank and in hand54/58 | - | - | €16,279 | €6,756 | €2,963 | ▼ 56.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,181 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0 | €0 | €53,570 | €76,368 | €226,101 | ▲ 196% |
| Equity10/15 | -€10,682 | -€11,236 | €15,683 | €52,462 | €135,668 | ▲ 159% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Reserves13 | €18,300 | €18,300 | €18,300 | €18,300 | €18,300 | = |
| Tax-exempt reserves132 | - | - | - | €18,300 | €18,300 | = |
| Profit (loss) carried forward14 | -€47,582 | -€48,136 | -€21,217 | €15,562 | €98,768 | ▲ 535% |
| Amounts payable17/49 | €10,682 | €11,236 | €37,887 | €23,906 | €90,433 | ▲ 278% |
| Amounts payable within one year42/48 | €10,682 | €11,236 | €37,887 | €23,906 | €90,433 | ▲ 278% |
| Trade debts44 | - | €554 | €25,092 | €22,307 | €90,433 | ▲ 305% |
| Suppliers440/4 | - | - | - | €22,307 | €90,433 | ▲ 305% |
| Taxes, remuneration and social security45 | - | - | - | €1,599 | - | - |
| Taxes450/3 | - | - | - | €1,599 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,485 | -€554 | €26,920 | €36,779 | €83,206 | ▲ 126% |
| + Depreciation and write-downs630 | €8,404 | - | €900 | €900 | €1,122 | ▲ 24.7% |
| Operating cash flow (approximation) | -€80 | -€554 | €27,820 | €37,679 | €84,328 | ▲ 124% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€2,000 | - |
| Change in cash | - | - | - | -€9,523 | -€3,794 | ▲ 60.2% |
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
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 438 days late
2022
30-09
Financial
Highest result since 2018net €83,206 ▲126%
Operating result €83,351, net result €83,206, both a record.
30-09
Financial
Equity above €100,000Eq €135,668 ▲159%
3 profitable years in a row build equity to €135,668.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 104 days late
2021
30-09
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.32 to 3.08; short-term debt falls from €37,887 to €23,906.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €26,920
Net result €26,920 after 2 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
15-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Grimbergen · 1 establishment unit since 2014
Ground area
901 m²
Building footprint
246 m²
Volume, LiDAR
3,050 m³
Parcel 23084A0514/00N002, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20142.236.485.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0514/00N002 | Flanders | 901 m² | 1 · 246 m² | 15.9 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-2014
Fiscal year end30-09
Abbreviation FR
MVSP
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.