CASSO
ActiveSummary
CASSO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €875k and a net result of €-65k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-1
Solvency74▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 11.48 against 12.3 in 2024; short-term debt: 1.9% and cash: 0.5% of total assets), but 50.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
49.2%
Return on assets
-3.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-65k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
322 d late
2021
212 d late
2020
180 d late
2019
122 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€875k▼ 6.9%
2024 · €940k
2019: €1.32Mhighest in 7 years
2020: €1.17M▼ -10.8% vs 2019
2021: €1.14M▼ -3.0% vs 2020
2022: €1.07M▼ -5.7% vs 2021
2023: €997k▼ -7.2% vs 2022
2024: €940k▼ -5.7% vs 2023
2025: €875k▼ -6.9% vs 2024lowest in 7 years
2019 → 2025
Total assets
€1.78M▼ 2.6%
2024 · €1.82M
2019: €2.20Mhighest in 7 years
2020: €2.08M▼ -5.4% vs 2019
2021: €2.01M▼ -3.4% vs 2020
2022: €1.95M▼ -3.1% vs 2021
2023: €1.88M▼ -3.5% vs 2022
2024: €1.82M▼ -3.0% vs 2023
2025: €1.78M▼ -2.6% vs 2024lowest in 7 years
2019 → 2025
Net result
€-65k▼ 14.2%
2024 · €-57k
2019: €-173klowest in 7 years
2020: €-142k▲ +18.1% vs 2019
2021: €-36k▲ +74.7% vs 2020highest in 7 years
2022: €-65k▼ -82.8% vs 2021
2023: €-77k▼ -17.3% vs 2022
2024: €-57k▲ +25.8% vs 2023
2025: €-65k▼ -14.2% vs 2024
2019 → 2025
Working capital
€356k▼ 1.8%
2024 · €363k
2019: €464khighest in 7 years
2020: €382k▼ -17.8% vs 2019
2021: €402k▲ +5.2% vs 2020
2022: €395k▼ -1.7% vs 2021
2023: €363k▼ -8.0% vs 2022
2024: €363k▼ -0.2% vs 2023
2025: €356k▼ -1.8% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.14M-€1.07M▼ 5.7%€997k▼ 7.2%€940k▼ 5.7%€875k▼ 6.9%
2021: €1.14Mhighest in 5 years
2022: €1.07M▼ -5.7% vs 2021
2023: €997k▼ -7.2% vs 2022
2024: €940k▼ -5.7% vs 2023
2025: €875k▼ -6.9% vs 2024lowest in 5 years
Operating result€-40k-€-72k▼ 81.4%€-82k▼ 15.0%€-64k▲ 22.9%€-68k▼ 6.9%
2021: €-40khighest in 5 years
2022: €-72k▼ -81.4% vs 2021
2023: €-82k▼ -15.0% vs 2022lowest in 5 years
2024: €-64k▲ +22.9% vs 2023
2025: €-68k▼ -6.9% vs 2024
Net result€-36k-€-65k▼ 82.8%€-77k▼ 17.3%€-57k▲ 25.8%€-65k▼ 14.2%
2021: €-36khighest in 5 years
2022: €-65k▼ -82.8% vs 2021
2023: €-77k▼ -17.3% vs 2022lowest in 5 years
2024: €-57k▲ +25.8% vs 2023
2025: €-65k▼ -14.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2025 against €64k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.78M
Fixed assets
€1.39M ▼ 3.0%
Current assets
€390k ▼ 1.2%
Equity and liabilities €1.78M
Equity
€875k ▼ 6.9%
Debt
€902k ▲ 1.9%
Debt's share of the balance-sheet total rises from 48.5% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2024 · €-675
Cash flow
€338▼
2024 · €6k
Current ratio
11.48▼
2024 · 12.30
Debt to equity
1.03▲
2024 · 0.94
ROE
-7.4%▼
2024 · -6.1%
ROA
-3.7%▼
2024 · -3.1%
Interest coverage
-2.41▼
2024 · -1.25
Debt ≤ 1 year
€34k▲
2024 · €32k
Debt > 1 year
€868k▲
2024 · €852k
Income taxes
€3k
Staff costs
€39k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€1.78M▼
Fixed assets21/28€1.43M€1.39M▼
Tangible fixed assets22/27€1.43M€1.39M▼
Land and buildings22€1.41M€1.36M▼
Plant, machinery and equipment23€4k€17k▲
Furniture and vehicles24€11k€12k▲
Financial fixed assets28€178€178=
Current assets29/58€395k€390k▼
Amounts receivable within one year40/41€382k€374k▼
Trade receivables40€13k€13k▼
Other amounts receivable41€369k€362k▼
Cash at bank and in hand54/58€5k€8k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.78M▼
Equity10/15€940k€875k▼
Contributions10/11€83k€83k=
Capital10€83k€83k=
Issued capital100€83k€83k=
Reserves13€857k€792k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€855k€790k▼
Amounts payable17/49€885k€902k▲
Amounts payable after more than one year17€852k€868k▲
Financial debts170/4-€10k
Other amounts payable178/9€852k€858k▲
Amounts payable within one year42/48€32k€34k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€10k€10k▲
Suppliers440/4€10k€10k▲
Taxes, remuneration and social security45€23k€20k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€11k€9k▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€65k▲
Other operating charges640/8€10k€16k▲
Gross operating margin9900€48k€52k▲
Operating profit (loss)9901€-64k€-68k▼
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€538€1k▲
Recurring financial charges65€538€1k▲
Profit (loss) for the period before taxes9903€-57k€-62k▼
Income taxes67/77-€3k
Profit (loss) for the period9904€-57k€-65k▼
Profit (loss) for the period to be appropriated9905€-57k€-65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-864k€-65k▲
Profit (loss) brought forward from the previous period14P€-807k-
Transfer from equity791/2€864k€65k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32k | €34k | €38k | €39k | €39k | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €59k | €62k | €63k | €65k | ▲ 3.9% |
| Other operating charges640/8 | €4k | €16k | €17k | €10k | €16k | ▲ 54.4% |
| Gross operating margin9900 | €55k | €37k | €35k | €48k | €52k | ▲ 8.3% |
| Operating profit (loss)9901 | €-40k | €-72k | €-82k | €-64k | €-68k | ▼ 6.9% |
| Financial income75/76B | €7k | €7k | €7k | €7k | €7k | ▲ 1.1% |
| Recurring financial income75 | €7k | €7k | €7k | €7k | €7k | ▲ 1.1% |
| Financial charges65/66B | €3k | €511 | €1k | €538 | €1k | ▲ 102% |
| Recurring financial charges65 | €3k | €511 | €1k | €538 | €1k | ▲ 102% |
| Profit (loss) for the period before taxes9903 | €-36k | €-65k | €-77k | €-57k | €-62k | ▼ 8.6% |
| Income taxes67/77 | - | - | - | - | €3k | - |
| Profit (loss) for the period9904 | €-36k | €-65k | €-77k | €-57k | €-65k | ▼ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €-36k | €-65k | €-77k | €-57k | €-65k | ▼ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.01M | €1.95M | €1.88M | €1.82M | €1.78M | ▼ 2.6% |
| Fixed assets21/28 | €1.58M | €1.53M | €1.48M | €1.43M | €1.39M | ▼ 3.0% |
| Tangible fixed assets22/27 | €1.58M | €1.53M | €1.48M | €1.43M | €1.39M | ▼ 3.0% |
| Land and buildings22 | €1.58M | €1.52M | €1.47M | €1.41M | €1.36M | ▼ 4.0% |
| Plant, machinery and equipment23 | €2k | €1k | €1k | €4k | €17k | ▲ 344% |
| Furniture and vehicles24 | €3k | €1k | €17k | €11k | €12k | ▲ 9.4% |
| Financial fixed assets28 | €178 | €178 | €178 | €178 | €178 | = |
| Current assets29/58 | €426k | €423k | €396k | €395k | €390k | ▼ 1.2% |
| Amounts receivable within one year40/41 | €353k | €359k | €358k | €382k | €374k | ▼ 2.1% |
| Trade receivables40 | €14k | €15k | €10k | €13k | €13k | ▼ 2.8% |
| Other amounts receivable41 | €339k | €344k | €347k | €369k | €362k | ▼ 2.1% |
| Cash at bank and in hand54/58 | €65k | €59k | €35k | €5k | €8k | ▲ 52.5% |
| Deferred charges and accrued income490/1 | €8k | €5k | €3k | €7k | €8k | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.01M | €1.95M | €1.88M | €1.82M | €1.78M | ▼ 2.6% |
| Equity10/15 | €1.14M | €1.07M | €997k | €940k | €875k | ▼ 6.9% |
| Contributions10/11 | €83k | €83k | €83k | €83k | €83k | = |
| Capital10 | €83k | €83k | €83k | €83k | €83k | = |
| Issued capital100 | €83k | €83k | €83k | €83k | €83k | = |
| Reserves13 | €1.72M | €1.72M | €1.72M | €857k | €792k | ▼ 7.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €1.72M | €1.72M | €1.72M | €855k | €790k | ▼ 7.6% |
| Profit (loss) carried forward14 | €-665k | €-730k | €-807k | - | - | - |
| Amounts payable17/49 | €871k | €875k | €884k | €885k | €902k | ▲ 1.9% |
| Amounts payable after more than one year17 | €847k | €847k | €851k | €852k | €868k | ▲ 1.8% |
| Financial debts170/4 | - | - | - | - | €10k | - |
| Other amounts payable178/9 | €847k | €847k | €851k | €852k | €858k | ▲ 0.6% |
| Amounts payable within one year42/48 | €24k | €28k | €32k | €32k | €34k | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4k | - |
| Trade debts44 | €7k | €7k | €12k | €10k | €10k | ▲ 8.2% |
| Suppliers440/4 | €7k | €7k | €12k | €10k | €10k | ▲ 8.2% |
| Taxes, remuneration and social security45 | €17k | €21k | €20k | €23k | €20k | ▼ 11.7% |
| Taxes450/3 | €10k | €13k | €11k | €12k | €11k | ▼ 8.0% |
| Remuneration and social security454/9 | €7k | €8k | €10k | €11k | €9k | ▼ 15.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-36k | €-65k | €-77k | €-57k | €-65k | ▼ 14.2% |
| + Depreciation and write-downs630 | €59k | €59k | €62k | €63k | €65k | ▲ 3.9% |
| Operating cash flow (approximation) | €23k | €-7k | €-15k | €6k | €338 | ▼ 94.3% |
| Investment in fixed assets (approximation) | - | €0 | €-21k | €-8k | €-22k | ▼ 185% |
| Change in cash | - | €-6k | €-24k | €-30k | €3k | ▲ 109% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 322 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 212 days late
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 180 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 17.59
Current ratio from 7.83 to 17.59; short-term debt falls from €56k to €24k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 141 days late
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 80 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Bierbeek · 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.
Oude Baan 793360 BierbeekGround area
7,234 m²
Building footprint
533 m²
Volume, LiDAR
4,154 m³
Parcel 24053B0168/00G000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Casso
since 20012.193.453.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0168/00G000 | Flanders | 7,234 m² | 1 · 533 m² | 12.8 m · 3 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,903 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
90312Arts creation and performing arts activities
Scores and ratios are computed by Checked and are not a credit decision.