CASSIS
Open bankruptcyA bankruptcy procedure is open for CASSIS according to publications in the Belgian State Gazette; curator: MARC-ALAIN SPEIDEL.
Summary
The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show negative equity (€-8.37M) and a net result of €-1.52M.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 27 May 2024
- Supervising judge
- Catherine Collet
- Official Gazette
- 31-05-2024 (pdf) ↗search the document for 2024/122268
Curator
- Marc-Alain SpeidelChaussee De Louvain 523, 1380 Lasnemas@aceris.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 31-08-2023, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
on the day
2022
47 d late
2021
on the day
2020
346 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2023, full schema
Turnover
€19.98M▲ 16.6%
2022 · €17.13M
EBIT margin
-6.7%▼ 3.0pp
2022 · -3.7%
Net result
€-1.52M▼ 98.2%
2022 · €-767k
Working capital
€-8.48M▼ 19.6%
2022 · €-7.09M
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
Line20192020202120222023
Turnover€26.12M-€23.83M▼ 8.8%€12.79M▼ 46.3%€17.13M▲ 34.0%€19.98M▲ 16.6%
Operating result€-2.22M-€-1.25M▲ 43.5%€-2.98M▼ 138%€-627k▲ 79.0%€-1.33M▼ 112%
Net result€-1.78M-€-1.04M▲ 41.5%€-3.18M▼ 205%€-767k▲ 75.9%€-1.52M▼ 98.2%
EBIT margin-8.5%--5.3%▲ 3.2pp-23.3%▼ 18.1pp-3.7%▲ 19.7pp-6.7%▼ 3.0pp
Equity€-1.87M-€-6.08M€-6.85M▼ 12.6%€-8.37M▼ 22.2%
Total assets€5.93M-€6.35M▲ 7.2%€4.82M▼ 24.1%€11.23M▲ 133%€7.28M▼ 35.2%
Debt€7.70M-€9.16M▲ 19.0%€10.85M▲ 18.4%€18.01M▲ 66.0%€15.57M▼ 13.5%
Working capital€-3.22M-€-3.73M▼ 16.0%€-6.51M▼ 74.4%€-7.09M▼ 8.9%€-8.48M▼ 19.6%
Staff (FTE)105.2-97.3▼ 7.5%69.1▼ 29.0%55.3▼ 20.0%55.4▲ 0.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.33M in 2023 against €627k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7.28M
Fixed assets
€270k ▼ 20.7%
Current assets
€7.01M ▼ 35.7%
Key figures and ratios
EBITDA
€-1.24M▼
2022 · €-429k
Cash flow
€-1.43M▼
2022 · €-569k
Solvency
-115.0%▼
2022 · -61.0%
Current ratio
0.45▼
2022 · 0.61
Quick ratio
0.35▼
2022 · 0.50
Debt to equity
-1.86▲
2022 · -2.63
ROA
-20.9%▼
2022 · -6.8%
Interest coverage
-4.12▼
2022 · -1.56
Debt ≤ 1 year
€15.49M▼
2022 · €17.98M
Staff costs
€2.30M▲
2022 · €2.18M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €25.32M | - | €18.55M | €20.09M | ▲ 8.3% |
| Turnover70 | €26.12M | €23.83M | €12.79M | €17.13M | €19.98M | ▲ 16.6% |
| Other operating income74 | - | €1.49M | - | €1.42M | €114k | ▼ 91.9% |
| Operating charges60/66A | - | €26.57M | - | €19.17M | €21.42M | ▲ 11.7% |
| Goods for resale, raw materials and consumables60 | - | €14.66M | - | €11.15M | €13.62M | ▲ 22.1% |
| Purchases600/8 | - | - | - | €11.32M | €13.29M | ▲ 17.3% |
| Change in stocks: decrease (increase)609 | - | €-127k | - | €-170k | €330k | ▲ 294% |
| Services and other goods61 | - | €7.45M | - | €5.47M | €5.28M | ▼ 3.5% |
| Remuneration, social security and pensions62 | - | €3.63M | - | €2.18M | €2.30M | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €720k | €548k | €418k | €198k | €93k | ▼ 53.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €202k | - | €51k | €98k | ▲ 92.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €4k | - | €19k | €3k | ▼ 82.1% |
| Other operating charges640/8 | - | €20k | - | €63k | €18k | ▼ 70.8% |
| Non-recurring operating charges66A | - | €58k | - | €39k | €16k | ▼ 58.7% |
| Operating profit (loss)9901 | €-2.22M | €-1.25M | €-2.98M | €-627k | €-1.33M | ▼ 112% |
| Financial income75/76B | - | - | - | €168k | €126k | ▼ 24.9% |
| Recurring financial income75 | €493k | €380k | €147k | €168k | €126k | ▼ 24.9% |
| Other financial income752/9 | - | €380k | - | €168k | €126k | ▼ 24.9% |
| Financial charges65/66B | - | €167k | - | €308k | €315k | ▲ 2.3% |
| Recurring financial charges65 | €52k | €167k | €341k | €308k | €315k | ▲ 2.3% |
| Debt charges650 | €15k | €148k | €285k | €276k | €301k | ▲ 9.1% |
| Other financial charges652/9 | - | €19k | - | €32k | €15k | ▼ 55.1% |
| Profit (loss) for the period before taxes9903 | €-1.78M | €-1.04M | €-3.18M | €-767k | €-1.52M | ▼ 98.2% |
| Income taxes67/77 | - | - | - | €57 | - | - |
| Taxes670/3 | - | - | - | €57 | - | - |
| Profit (loss) for the period9904 | €-1.78M | €-1.04M | €-3.18M | €-767k | €-1.52M | ▼ 98.2% |
| Profit (loss) for the period to be appropriated9905 | €-1.78M | €-1.04M | €-3.18M | €-767k | €-1.52M | ▼ 98.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.93M | €6.35M | €4.82M | €11.23M | €7.28M | ▼ 35.2% |
| Fixed assets21/28 | €1.47M | €943k | €511k | €340k | €270k | ▼ 20.7% |
| Intangible fixed assets21 | - | - | €126k | €113k | €108k | ▼ 4.9% |
| Tangible fixed assets22/27 | €1.43M | €911k | €359k | €196k | €131k | ▼ 33.1% |
| Furniture and vehicles24 | - | €36k | - | €5k | €2k | ▼ 55.2% |
| Other tangible fixed assets26 | - | €820k | - | €137k | €69k | ▼ 49.7% |
| Assets under construction and advance payments27 | - | €54k | - | €54k | €60k | ▲ 10.6% |
| Financial fixed assets28 | €40k | €32k | €26k | €31k | €31k | = |
| Other financial fixed assets284/8 | - | €32k | - | €31k | €31k | = |
| Amounts receivable and cash guarantees285/8 | - | €32k | - | €31k | €31k | = |
| Current assets29/58 | €4.46M | €5.41M | €4.31M | €10.89M | €7.01M | ▼ 35.7% |
| Stocks and contracts in progress3 | €2.04M | €1.97M | €1.83M | €1.95M | €1.52M | ▼ 22.0% |
| Stocks30/36 | - | €1.97M | - | €1.95M | €1.52M | ▼ 22.0% |
| Goods purchased for resale34 | - | €1.97M | - | €1.95M | €1.52M | ▼ 22.0% |
| Amounts receivable within one year40/41 | €929k | €2.65M | €1.80M | €7.77M | €4.93M | ▼ 36.6% |
| Trade receivables40 | - | €2.45M | - | €6.87M | €3.58M | ▼ 47.9% |
| Other amounts receivable41 | - | €198k | - | €900k | €1.34M | ▲ 49.2% |
| Cash at bank and in hand54/58 | €989k | €339k | €401k | €876k | €310k | ▼ 64.6% |
| Deferred charges and accrued income490/1 | - | €452k | - | €299k | €255k | ▼ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.93M | €6.35M | €4.82M | €11.23M | €7.28M | ▼ 35.2% |
| Equity10/15 | €-1.87M | - | €-6.08M | €-6.85M | €-8.37M | ▼ 22.2% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | - | €500k | - | €500k | €500k | = |
| Issued capital100 | - | €500k | - | €500k | €500k | = |
| Profit (loss) carried forward14 | €-2.37M | €-3.41M | €-6.58M | €-7.35M | €-8.87M | ▼ 20.7% |
| Provisions and deferred taxes16 | €99k | €102k | €61k | €79k | €82k | ▲ 4.2% |
| Provisions for liabilities and charges160/5 | - | €102k | - | €79k | €82k | ▲ 4.2% |
| Pensions and similar obligations160 | - | €23k | - | - | - | - |
| Environmental obligations163 | - | €80k | - | €79k | €82k | ▲ 4.2% |
| Amounts payable17/49 | €7.70M | €9.16M | €10.85M | €18.01M | €15.57M | ▼ 13.5% |
| Amounts payable within one year42/48 | €7.67M | €9.14M | €10.82M | €17.98M | €15.49M | ▼ 13.9% |
| Trade debts44 | €3.93M | €3.90M | €3.29M | €5.72M | €3.52M | ▼ 38.4% |
| Suppliers440/4 | - | €3.90M | - | €5.72M | €3.52M | ▼ 38.4% |
| Taxes, remuneration and social security45 | - | €550k | - | €1.00M | €444k | ▼ 55.7% |
| Taxes450/3 | - | €233k | - | €593k | €244k | ▼ 58.8% |
| Remuneration and social security454/9 | - | €317k | - | €408k | €199k | ▼ 51.1% |
| Other amounts payable47/48 | - | €4.69M | - | €11.27M | €11.53M | ▲ 2.3% |
| Accrued charges and deferred income492/3 | - | €13k | - | €22k | €79k | ▲ 266% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.78M | €-1.04M | €-3.18M | €-767k | €-1.52M | ▼ 98.2% |
| + Depreciation and write-downs630 | €720k | €548k | €418k | €198k | €93k | ▼ 53.0% |
| Operating cash flow (approximation) | €-1.06M | €-492k | €-2.76M | €-569k | €-1.43M | ▼ 151% |
| Investment in fixed assets (approximation) | - | €-18k | €14k | €-27k | €-23k | ▲ 16.6% |
| Change in cash | - | €-650k | €62k | €475k | €-566k | ▼ 219% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2024
31-05
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 27-05-2024
23-02
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 12-02-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 47 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 346 days late
31-01
Financial
Weakest financial yearnet €-3.18M
Net result drops to €-3.18M, the lowest in the series.
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 131 days late
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 95 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
14 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, Braine-le-Château · 12 establishment units since 2017
Ground area
34.1 ha
Building footprint
17.7 ha
Volume, LiDAR
1,635,772 m³
12 parcels, Brussels, Flanders, Wallonia · tallest building 33.3 m, ±10 floors. Linked by address, not a title deed.
12 establishment units
WIJNEGEM
since 20172.266.402.129
KUURNE
since 20172.266.402.228
WAVRE
since 20172.266.402.327
LA LOUVIERE
since 20172.266.402.624
BELLE-ILE
since 20172.266.402.822
TOURNAI
since 20172.266.402.921
Show 6 more locations
ROCOURT
since 20172.266.403.020
BASILIX
since 20172.266.403.614
MONS
since 20172.266.404.010
SINT NIKLAAS
since 20172.266.404.109
CASSIS
since 20172.266.867.927
Anspach Cassis
since 20182.272.988.924
12 parcels
Flanders
3
(25%)
Wallonia
7
(58.3%)
Brussels
2
(16.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 fl. |
| 11050B0010/00E002 | Flanders | 5.6 ha | 1 · 4.9 ha | 27.4 m · 4 fl. |
| 34352B0962/00W000 | Flanders | 4.9 ha | 1 · 1.5 ha | - |
| 55022A0356/00Y003 | Wallonia | 2.2 ha | 1 · 6,334 m² | 15.1 m · 2 fl. |
| 57462C0548/00N000 ProtectedMonument |
Wallonia | 1.6 ha | 1 · 1,796 m² | 10.3 m · 2 fl. |
| 21003A0333/00C006 | Brussels | 1.3 ha | 1 · 9,101 m² | 26.6 m · 4 fl. |
| 25111A0681/00S000 | Wallonia | 6,866 m² | 1 · 353 m² | 11.8 m · 3 fl. |
| 21802B1472/00K000 | Brussels | 5,275 m² | 1 · 5,338 m² | 33.3 m · 10 fl. |
| 62087B0259/00M002 | Wallonia | 2,262 m² | 1 · 2,158 m² | 13.3 m · 4 fl. |
| 53402A0200/00F002 | Wallonia | 413 m² | 1 · 105 m² | 5.5 m · 2 fl. |
| 25112M0080/00G000 | Wallonia | 178 m² | 1 · 42 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
12 of 12 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC-ALAIN SPEIDEL CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
27-05-2024 → present |
Recognitions · licences · registrations
Legal Entity Identifier
894500X5FXFX207G4X07
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Of 2,213 companies in sector 47711 we hold annual accounts for 887. 105 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-06-2017
Fiscal year end31-01
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
Contact
Website
www.cassis.beBraine-le-Château
E-mail
info@cassis.beBraine-le-Château
Phone
003223671243Braine-le-Château
Scores and ratios are computed by Checked and are not a credit decision.