CAST PROJECTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €8,566, after a profit of €12,847 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €3,541 | €3,977 |
| Depreciation and write-downs of the year | €277 | €2,397 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €277 | €2,397 | ▲ 766% |
| Other operating charges640/8 | €2,324 | €528 | ▼ 77.3% |
| Gross operating margin9900 | €15,447 | -€5,641 | - |
| Operating profit (loss)9901 | €12,847 | -€8,566 | - |
| Financial income75/76B | €2,094 | €0 | ▼ 100% |
| Recurring financial income75 | €2,094 | €0 | ▼ 100% |
| Financial charges65/66B | €27,558 | €325 | ▼ 98.8% |
| Recurring financial charges65 | €27,558 | €325 | ▼ 98.8% |
| Profit (loss) for the period before taxes9903 | -€12,617 | -€8,892 | ▲ 29.5% |
| Profit (loss) for the period9904 | -€12,617 | -€8,892 | ▲ 29.5% |
| Profit (loss) for the period to be appropriated9905 | -€12,617 | -€8,892 | ▲ 29.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €87,668 | €11,492 | ▼ 86.9% |
| Fixed assets21/28 | €3,265 | €4,845 | ▲ 48.4% |
| Intangible fixed assets21 | €3,265 | €4,845 | ▲ 48.4% |
| Current assets29/58 | €84,404 | €6,647 | ▼ 92.1% |
| Amounts receivable within one year40/41 | €114 | €511 | ▲ 347% |
| Trade receivables40 | - | €397 | - |
| Other amounts receivable41 | €114 | €114 | = |
| Cash at bank and in hand54/58 | €84,289 | €5,489 | ▼ 93.5% |
| Deferred charges and accrued income490/1 | - | €648 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €87,668 | €11,492 | ▼ 86.9% |
| Equity10/15 | -€4,617 | -€13,508 | ▼ 193% |
| Contributions10/11 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | -€12,617 | -€21,508 | ▼ 70.5% |
| Amounts payable17/49 | €92,285 | €25,000 | ▼ 72.9% |
| Amounts payable within one year42/48 | €92,285 | €25,000 | ▼ 72.9% |
| Trade debts44 | €2,285 | €0 | ▼ 100% |
| Suppliers440/4 | €2,285 | €0 | ▼ 100% |
| Other amounts payable47/48 | €90,000 | €25,000 | ▼ 72.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€12,617 | -€8,892 | ▲ 29.5% |
| + Depreciation and write-downs630 | €277 | €2,397 | ▲ 766% |
| Operating cash flow (approximation) | -€12,340 | -€6,494 | ▲ 47.4% |
| Investment in fixed assets (approximation) | - | -€3,977 | - |
| Change in cash | - | -€78,801 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as CAST PROJECTS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAST PROJECTS itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for CAST PROJECTS. 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.