Result
Back in profit in 2025, after a loss of €131,730 in 2024.
Back in profit in 2025, after a loss of €131,730 in 2024.
Of this, €4.1m falls due within a year.
Higher net result than 91% of companies in head offices and management consultancy. Sector median €37,500 · 10,856 companies.
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 21% of them on solvency, 28% on liquidity, 44% on profitability and 91% 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 30-06-2025.
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).
Liquidity is insufficient, with a current ratio of 0.3 (0.29 in 2024), below 1. Short-term debt is 56% and cash 16.6% of total assets. 80.1% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 8 days before 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.
Shares in 1 company, De Langhe Advocaten
Board & ownership| Company | ||||
|---|---|---|---|---|
| Castle Waregem | €7.2m | -€2,244 | 19.9% | - |
| A-VISION Wortegem-Petegem | €7.2m | -€37,890 | 7.0% | - |
| XGL Xtended Services Global Sint-Niklaas | €5.7m | -€508,985 | 96.8% | - |
| ALN HOLDING Châtelet | €4.6m | -€51,947 | 17.3% | - |
| Nofia Solutions Antwerp | €7.2m | -€192,925 | 69.0% | 0 |
| Freddy LODOMEZ HOLDING Malmedy | €3.0m | -€2,515 | 99.5% | - |
| Hainaut Technologies Bernissart | €3.9m | -€18 | 82.5% | - |
These companies have the same main activity as Castle: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €3m and €7.2m, founded between 2021 and 2025.
Castle has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €571,030.
Its solvency ranks better than 23% of 10,856 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Higher than 23% of 10,856 companies in 2025.
Higher than 16% of 10,478 companies in 2025.
Higher than 59% of 10,725 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
7.2m | 7.3m | |
21/28 |
6.0m | 6.0m | |
28 |
6.0m | 6.0m | |
29/58 |
1.2m | 1.2m | |
40/41 |
20,526 | 751 | |
41 |
20,526 | 751 | |
54/58 |
1.2m | 1.2m | |
| Balance sheet: equity and liabilities | |||
10/49 |
7.2m | 7.3m | |
10/15 |
1.4m | 868,270 | |
10/11 |
1.0m | 1.0m | |
13 |
439,300 | - | |
133 |
439,300 | - | |
14 |
- | -131,730 | |
17/49 |
5.8m | 6.4m | |
17 |
1.7m | 2.1m | |
170/4 |
1.7m | 2.1m | |
42/48 |
4.1m | 4.3m | |
42 |
378,589 | 1.6m | |
43 |
1.2m | - | |
430/8 |
1.2m | - | |
44 |
4,249 | 1,685 | |
440/4 |
4,249 | 1,685 | |
47/48 |
2.5m | 2.7m | |
| Income statement | |||
9900 |
-2,244 | -3,874 | |
640/8 |
1,096 | - | |
9901 |
-3,341 | -3,874 | |
75/76B |
792,838 | 15,668 | |
75 |
792,838 | 15,668 | |
65/66B |
218,467 | 143,523 | |
65 |
218,467 | 143,523 | |
9903 |
571,030 | -131,730 | |
67/77 |
0 | - | |
9904 |
571,030 | -131,730 | |
9905 |
571,030 | -131,730 | |
| Appropriation of the result | |||
9906 |
439,300 | -131,730 | |
14P |
-131,730 | - | |
691/2 |
439,300 | - | |
6921 |
439,300 | - | |
| Document | |||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 22-01-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 6.0m | ||
| -39,157 | - | ||
| -2.8m | -3.0m | ||
| 19.9% | 12.0% | ||
| 0.30 | 0.29 | ||
| 4.03 | 7.35 | ||
| 39.7% | -15.2% | ||
| 7.9% | -1.8% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Financial fixed assets | - | €6.0m |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €3,341, smaller than the loss of €3,874 in 2024.
Debt's share of the balance-sheet total falls from 88.0% to 80.1%. Equity is higher and debt is lower.
Source: list of holdings in its own 30-06-2025 accounts. Every holding stands with its own latest accounts.
| 'T JOENSHOEK
registered office since 23-04-2008 · founded in 2007 |
2 FTE (2025) 0893.702.075 |
| DL Investments
registered office since 02-01-2013 · founded in 2012 |
total assets €3.6m (2025) 0501.558.591 |
| De Langhe Advocaten
establishment since 22-09-2010 · founded in 2001 |
3.6 FTE (2025) 0474.115.610 |
| MDLE
registered office since 27-01-2021 · founded in 2021 · negative equity (2025) |
total assets €1.4m (2025) 0762.533.430 |
| Verbauwhede, Lan Yi (sole trader)
establishment since 01-10-2024 |
founded in 2024 1013.355.535 |
| VAT Bonafé
registered office since 01-09-2024 |
founded in 2024 1011.527.084 |
| GALLETAS
registered office since 21-06-2024 |
founded in 2024 1010.777.216 |
| Van Poeck, Wibo (sole trader)
establishment since 01-10-2021 |
founded in 2021 0772.559.963 |
| De Langhe, Charlotte (sole trader)
establishment since 01-10-2019 |
founded in 2019 0735.751.433 |
| Name | 2024 | 2025 |
|---|---|---|
| De Langhe Advocaten | 100% | |
Source: list of holdings in its own accounts
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Henri Lebbestraat 109 registered office 8790 Waregem 64210 Activities of holding companies | 23-06-2023 | 2.346.582.131 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34040C1305/00C000 | 1,955 m² | 1 · 213 m² | 12.3 m · 3 |
If something looks wrong or is missing, please tell us.