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CASSIOPEE

Active
Private limited companyfounded 20178 yrs activeBeekstraat 10, 1970 Wezembeek-Oppem, BelgiumKBO/BCE: BE 0686.710.312
Summary

CASSIOPEE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €283,026. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability95▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 5.99 against 2.04 in 2024; short-term debt: 8.4% and cash: 50% of total assets), and 8.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
91.6%
Return on assets
20.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
14 d early
2024
8 d late
2023
41 d early
2022
33 d early
2021
20 d early
2020
4 d early
2019
17 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 December 2017, CASSIOPEE was incorporated.1 Total assets went from EUR 669,925 in 2018 to EUR 1.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€1.2m▲ 29.4%
2024 · €961,141
Total assets
€1.4m▲ 7.2%
2024 · €1.3m
Net result
€283,026▼ 6.4%
2024 · €302,501
Working capital
€569,818▲ 78.0%
2024 · €320,166
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€295,246▲ 158%€241,153▼ 18.3%€263,810▲ 9.4%€424,472▲ 60.9%€415,986▼ 2.0%
Net result€201,024above the sector's middle half▲ 167%€162,197above the sector's middle half▼ 19.3%€175,540above the sector's middle half▲ 8.2%€302,501above the sector's middle half▲ 72.3%€283,026above the sector's middle half▼ 6.4%
Equity€497,373above the sector's middle half▲ 67.8%€659,570above the sector's middle half▲ 32.6%€835,110above the sector's middle half▲ 26.6%€961,141above the sector's middle half▲ 15.1%€1.2mabove the sector's middle half▲ 29.4%
Total assets€864,035within the sector's middle half▲ 28.9%€770,569within the sector's middle half▼ 10.8%€1.0mwithin the sector's middle half▲ 29.8%€1.3mabove the sector's middle half▲ 26.7%€1.4mabove the sector's middle half▲ 7.2%
Debt€366,661▼ 1.9%€110,998▼ 69.7%€165,255▲ 48.9%€306,452▲ 85.4%€114,306▼ 62.7%
Working capital-€87,146below the sector's middle half▲ 71.0%€74,212within the sector's middle half€175,811above the sector's middle half▲ 137%€320,166above the sector's middle half▲ 82.1%€569,818above the sector's middle half▲ 78.0%
Solvency57.6%within the sector's middle half▲ 13.3pp85.6%above the sector's middle half▲ 28.0pp83.5%above the sector's middle half▼ 2.1pp75.8%above the sector's middle half▼ 7.7pp91.6%above the sector's middle half▲ 15.8pp
Current ratio0.76within the sector's middle half▲ 0.561.67within the sector's middle half▲ 0.912.06within the sector's middle half▲ 0.402.04within the sector's middle half▼ 0.025.99above the sector's middle half▲ 3.94
Return on assets (ROA)23.3%above the sector's middle half▲ 12.0pp21.0%above the sector's middle half▼ 2.2pp17.5%above the sector's middle half▼ 3.5pp23.9%above the sector's middle half▲ 6.3pp20.8%above the sector's middle half▼ 3.0pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2021: €295,246€295,246Net result 2021: €201,024€201,024Operating result 2022: €241,153€241,153Net result 2022: €162,197€162,197Operating result 2023: €263,810€263,810Net result 2023: €175,540€175,540Operating result 2024: €424,472€424,472Net result 2024: €302,501€302,501Operating result 2025: €415,986€415,986Net result 2025: €283,026€283,02620212022202320242025€0€200,000€400,000Operating result 2023: €263,810€264,000Net result 2023: €175,540Operating result 2024: €424,472€424,000Net result 2024: €302,501Operating result 2025: €415,986€416,000Net result 2025: €283,026€283,000202320242025
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €674,349 ▲ 5.2%
Current assets €684,124 ▲ 9.2%
Equity and liabilities €1.4m
Equity €1.2m ▲ 29.4%
Debt €114,306 ▼ 62.7%
Debt's share of the balance-sheet total falls from 24.2% to 8.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€433,887▼
2024 · €442,796
Cash flow
€300,926▼
2024 · €320,825
Debt to equity
0.09▼
2024 · 0.32
ROE
22.7%▼
2024 · 31.5%
Interest coverage
1640.47▼
2024 · 2222.54
Debt ≤ 1 year
€114,306▼
2024 · €306,452
Income taxes
€132,696▲
2024 · €121,772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
2.7% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 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% 1.0%
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% 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 6,781 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 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.3m€1.4m▲
Fixed assets21/28€640,975€674,349▲
Tangible fixed assets22/27€56,809€40,183▼
Furniture and vehicles24€56,809€40,183▼
Financial fixed assets28€584,166€634,166▲
Current assets29/58€626,618€684,124▲
Amounts receivable within one year40/41€2,077€5,324▲
Trade receivables40€1,927€4,924▲
Other amounts receivable41€150€400▲
Cash at bank and in hand54/58€624,541€678,800▲
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.4m▲
Equity10/15€961,141€1.2m▲
Contributions10/11€60,000€60,000=
Reserves13€901,141€1.2m▲
Distributable reserves133€901,141€1.2m▲
Amounts payable17/49€306,452€114,306▼
Amounts payable within one year42/48€306,452€114,306▼
Trade debts44€1,250€1,669▲
Suppliers440/4€1,250€1,669▲
Taxes, remuneration and social security45€93,405€80,422▼
Taxes450/3€93,405€80,422▼
Other amounts payable47/48€211,796€32,215▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,324€17,901▼
Other operating charges640/8€865€4,010▲
Gross operating margin9900€443,661€437,897▼
Operating profit (loss)9901€424,472€415,986▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€199€264▲
Recurring financial charges65€199€264▲
Profit (loss) for the period before taxes9903€424,273€415,722▼
Income taxes67/77€121,772€132,696▲
Profit (loss) for the period9904€302,501€283,026▼
Profit (loss) for the period to be appropriated9905€302,501€283,026▼
Appropriation of the result
Profit (loss) to be appropriated9906€302,501€283,026▼
Transfer to equity691/2€126,031€283,026▲
To other reserves6921€126,031€283,026▲
Profit to be distributed694/7€176,471-
Return on contributions (dividend)694€176,471-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€14,235---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,620€985€14,977€18,324€17,901▼ 2.3%
Other operating charges640/8€787€794€1,464€865€4,010▲ 364%
Gross operating margin9900€307,653€242,931€280,251€443,661€437,897▼ 1.3%
Operating profit (loss)9901€295,246€241,153€263,810€424,472€415,986▼ 2.0%
Financial income75/76B-€0-€0--
Recurring financial income75-€0-€0--
Financial charges65/66B€214€347€192€199€264▲ 32.8%
Recurring financial charges65€214€347€192€199€264▲ 32.8%
Profit (loss) for the period before taxes9903€295,032€240,805€263,617€424,273€415,722▼ 2.0%
Income taxes67/77€94,008€78,608€88,078€121,772€132,696▲ 9.0%
Profit (loss) for the period9904€201,024€162,197€175,540€302,501€283,026▼ 6.4%
Profit (loss) for the period to be appropriated9905€201,024€162,197€175,540€302,501€283,026▼ 6.4%
Line20212022202320242025Change
Assets
Total assets20/58€864,035€770,569€1.0m€1.3m€1.4m▲ 7.2%
Fixed assets21/28€584,721€585,358€659,299€640,975€674,349▲ 5.2%
Tangible fixed assets22/27€555€1,192€75,133€56,809€40,183▼ 29.3%
Furniture and vehicles24€555€1,192€75,133€56,809€40,183▼ 29.3%
Financial fixed assets28€584,166€584,166€584,166€584,166€634,166▲ 8.6%
Current assets29/58€279,313€185,210€341,066€626,618€684,124▲ 9.2%
Amounts receivable within one year40/41-€2,948€1,547€2,077€5,324▲ 156%
Trade receivables40-€1,556-€1,927€4,924▲ 156%
Other amounts receivable41-€1,392€1,547€150€400▲ 166%
Cash at bank and in hand54/58€277,434€180,300€339,519€624,541€678,800▲ 8.7%
Deferred charges and accrued income490/1€1,880€1,962----
Equity and liabilities
Total equity and liabilities10/49€864,035€770,569€1.0m€1.3m€1.4m▲ 7.2%
Equity10/15€497,373€659,570€835,110€961,141€1.2m▲ 29.4%
Contributions10/11€60,000€60,000€60,000€60,000€60,000=
Reserves13€437,373€599,570€775,110€901,141€1.2m▲ 31.4%
Distributable reserves133€437,373€599,570€775,110€901,141€1.2m▲ 31.4%
Amounts payable17/49€366,661€110,998€165,255€306,452€114,306▼ 62.7%
Amounts payable within one year42/48€366,459€110,998€165,255€306,452€114,306▼ 62.7%
Trade debts44€139€2,209€1,768€1,250€1,669▲ 33.5%
Suppliers440/4€139€2,209€1,768€1,250€1,669▲ 33.5%
Taxes, remuneration and social security45€126,976€66,264€124,694€93,405€80,422▼ 13.9%
Taxes450/3€126,976€66,264€124,694€93,405€80,422▼ 13.9%
Other amounts payable47/48€239,344€42,525€38,794€211,796€32,215▼ 84.8%
Accrued charges and deferred income492/3€202-----
Line20212022202320242025Change
Profit (loss) for the period9904€201,024€162,197€175,540€302,501€283,026▼ 6.4%
+ Depreciation and write-downs630€11,620€985€14,977€18,324€17,901▼ 2.3%
Operating cash flow (approximation)€212,644€163,182€190,517€320,825€300,926▼ 6.2%
Investment in fixed assets (approximation)--€1,622-€88,919€0-€51,274-
Change in cash--€97,133€159,219€285,021€54,259▼ 81.0%

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

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
06-05
State Gazette act General meeting · Director resignation
Permanent representative · Director discharge
2025
31-12
Financial Liquidity triplescurrent ratio 5.99
Current ratio from 2.04 to 5.99; short-term debt falls from €306,452 to €114,306.
31-12
Financial Equity above €1mEq €1.2m ▲29.4%
8 profitable years in a row build equity to €1.2m.
08-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial Highest result since 2018net €302,501 ▲72.3%
Operating result €424,472, net result €302,501, both a record.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Liquidity doublescurrent ratio 1.67
Current ratio from 0.76 to 1.67; short-term debt falls from €366,459 to €110,998.
31-12
Financial Equity above €500,000Eq €659,570 ▲32.6%
5 profitable years in a row build equity to €659,570.
11-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
17-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial Equity above €200,000Eq €221,087 ▲193%
2 profitable years in a row build equity to €221,087.
26-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wezembeek-Oppem · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
8,323 m²
Building footprint
489 m²
Volume, LiDAR
4,974 m³
2 parcels, Brussels, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CASSIOPEE
Paul Hymanslaan 83, 1200 Sint-Lambrechts-WoluweReal estate development
since 20172.270.936.086
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22006B0194/00M000 Flanders 6,008 m² 1 · 248 m² 12.2 m · 3 fl.
21672C0013/00S000 Brussels 2,315 m² 1 · 242 m² 19.9 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 2

According to the 2025 annual accounts of CASSIOPEE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,695 companies in this sector we hold annual accounts for 7,393. 3,641 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded21-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
82990Other business support services
Contact
E-mail etdewulf@gmail.comSint-Lambrechts-Woluwe
Phone 0475/237254Sint-Lambrechts-Woluwe
E-invoicing
Reachable via Peppol
Peppol ID 0208:0686710312
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.