Equity
€365,929 ▲ 20.3%
Cassteman has made a profit in every financial year since 2019.
Cassteman
Lifetime
7 annual accounts with figures on one time axispeak €116,294 (2020)
€106,631▲ 2.5%
peak €61,677 (2025)
€61,677▲ 2.6%
peak €365,929 (2025)
€365,929▲ 20.3%
€1.1m▼ 8.9%
Board5 names since 2020
3 directorsCASET Peter and 2 others
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
1 director appointed, 1 resignation 20-08Equity from €304,252 to €365,929Cash from €125,920 to €75,618
Key points
from the 2025 annual accountsTurnover
≈ €180,000 estimated
The accounts state no turnover.
Debts
€1.1m 76% of the balance sheet
Financial debts 80%Suppliers 0%Taxes and wages 1%Other 19%
Of this, €210,166 falls due within a year.
Filings
7 annual accounts 5 late
The 2019 accounts came latest: 29 days after the end of the period.
At the same address
6 companies
Position in the sector
€365,929
More equity than 84% of companies in head offices and management consultancy. Sector median €78,216 · 39,396 companies.
Checked score
93
Excellent
Financially stronger than 41% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 0.1%▼ -0.3 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%▲ +0.2 percentage points vs 04-2026
06-2026: 0.1%▼ -0.3 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
No registered site in the KBO
lowers risk
Size: total assets €1.5m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 01-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 26% of them on solvency, 43% on liquidity, 29% on profitability and 67% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as Cassteman has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cassteman itself is lower: 0.1% within 12 months. It rests on far more data about Cassteman than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for Cassteman. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.38 (2.44 in 2024), above the usual 1.5. Short-term debt is 13.9% and cash 5% of total assets. However, 75.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
5 days late
2023
6 days late
2022
46 days early
2021
2 days late
2020
27 days late
2019
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 2 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0689988615
1 director appointed, 1 resignation
Resignation: Karin STELLAMANS · Appointment: XAVIER VAN HUELE · Permanent representative: Xavier VAN HUELE · General meeting of 07-04-2025 · Gazette deed
Appointment: BILTERIJST (director)
Permanent representative: Eric LEEMANS · General meeting of 06-07-2022 · Gazette deed
Merger: CASSTEMAN takes over BILTERIJST-INVEST
Changes of role: CASET Peter (director) and STELLAMANS Karin (director) · General meeting of 18-08-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Cassteman Ledegem | €1.5m | €106,631 | 24.3% | - |
| VDH BUILDINGS Kortrijk | €1.5m | €116,167 | 30.7% | - |
| LUKOFIN Kortrijk | €1.4m | €95,997 | 64.6% | - |
| ADJUVANS Ypres | €1.5m | €114,297 | 69.1% | - |
| MALYVERT Wevelgem | €1.8m | €94,575 | 23.0% | - |
| FIXFORT Waregem | €1.3m | €118,403 | 69.5% | - |
| NDkwadraat Invest Wevelgem | €1.3m | €112,605 | 40.1% | 0.5 |
These companies have the same main activity as Cassteman: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.3m and €1.8m, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 10-02-2018Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Financial year end
- 30 September
- Peppol
- Reachable since 27-03-2026
Annual accounts to 30-09-2025
- €1.5m▼ 3.2%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on Cassteman
Cassteman files the micro format. That format states no turnover. The gross margin rose from €20,517 in 2019 to €106,631 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Cassteman
- What is the company number of Cassteman?
- The company number of Cassteman is 0689.988.615. The VAT number is the same number with BE in front: BE 0689.988.615.
- Where is Cassteman based?
- The registered office is at Kuipebosstraat 11, 8880 Ledegem.Company details
- What does Cassteman do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Cassteman?
- Cassteman is a private limited company (BV).
- When was Cassteman founded?
- Cassteman was founded on 10-02-2018.
- Is Cassteman still active?
- Yes, Cassteman is an active enterprise in the KBO register.
- What is the turnover of Cassteman?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €106,631 and 109 comparable companies (NACE 70200). It probably lies between €150,000 and €220,000.Financials
- Is Cassteman profitable?
- In financial year 2025, Cassteman made a profit of €61,677.
- Where can I find the annual accounts of Cassteman?
- Cassteman filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Cassteman due?
- Cassteman must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.