CATAEL
ActiveSummary
CATAEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.41M and a net result of €932k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-1
Solvency77▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.44 in 2024; short-term debt: 25.2% and cash: 7.9% of total assets), and 47.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
52.5%
Return on assets
14.3%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
48 d early
2023
75 d early
2022
70 d early
2021
69 d early
2020
68 d early
2019
73 d early
← 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
€3.41M▲ 37.6%
2024 · €2.48M
Total assets
€6.50M▲ 27.4%
2024 · €5.10M
Net result
€932k▲ 17.9%
2024 · €790k
Working capital
€2.15M▲ 21.4%
2024 · €1.77M
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
Line20212022202320242025
Operating result€406k▲ 167%€358k▼ 12.0%€398k▲ 11.4%€1.11M▲ 179%€1.31M▲ 18.1%
Net result€258k▲ 184%€222k▼ 14.1%€255k▲ 15.1%€790k▲ 210%€932k▲ 17.9%
Equity€1.21M▲ 27.7%€1.43M▲ 18.3%€1.69M▲ 17.8%€2.48M▲ 46.8%€3.41M▲ 37.6%
Total assets€2.88M▲ 1.1%€3.22M▲ 11.7%€3.66M▲ 13.7%€5.10M▲ 39.3%€6.50M▲ 27.4%
Debt€1.66M▼ 12.7%€1.79M▲ 7.6%€1.97M▲ 10.4%€2.62M▲ 32.9%€3.09M▲ 17.7%
Working capital€571k▲ 58.5%€766k▲ 34.1%€1.10M▲ 43.9%€1.77M▲ 60.5%€2.15M▲ 21.4%
Staff (FTE)20.9▲ 1.5%21.2▲ 1.4%22.3▲ 5.2%26.7▲ 19.7%30.7▲ 15.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.50M
Fixed assets
€2.71M ▲ 29.0%
Current assets
€3.78M ▲ 26.3%
Equity and liabilities €6.50M
Equity
€3.41M ▲ 37.6%
Debt
€3.09M ▲ 17.7%
Debt's share of the balance-sheet total falls from 51.4% to 47.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.58M▲
2024 · €1.28M
Cash flow
€1.20M▲
2024 · €957k
Current ratio
2.31▼
2024 · 2.44
Quick ratio
1.78▼
2024 · 2.15
Debt to equity
0.91▼
2024 · 1.06
ROE
27.3%▼
2024 · 31.9%
ROA
14.3%▼
2024 · 15.5%
Interest coverage
16.12▼
2024 · 18.25
Debt ≤ 1 year
€1.64M▲
2024 · €1.23M
Debt > 1 year
€1.45M▲
2024 · €1.40M
Income taxes
€315k▲
2024 · €267k
Staff costs
€2.81M▲
2024 · €2.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €62k | €5k | - | - | - | - |
| Remuneration, social security and pensions62 | €1.48M | €1.61M | €2.03M | €2.33M | €2.81M | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184k | €167k | €148k | €167k | €268k | ▲ 60.3% |
| Other operating charges640/8 | €2k | €20k | €15k | €14k | €17k | ▲ 20.8% |
| Gross operating margin9900 | €2.07M | €2.16M | €2.59M | €3.63M | €4.41M | ▲ 21.5% |
| Operating profit (loss)9901 | €406k | €358k | €398k | €1.11M | €1.31M | ▲ 18.1% |
| Financial income75/76B | €6k | €10k | €10k | €14k | €30k | ▲ 115% |
| Recurring financial income75 | €6k | €10k | €10k | €14k | €30k | ▲ 115% |
| Financial charges65/66B | €41k | €30k | €36k | €70k | €98k | ▲ 40.0% |
| Recurring financial charges65 | €41k | €30k | €36k | €70k | €98k | ▲ 40.0% |
| Profit (loss) for the period before taxes9903 | €372k | €338k | €373k | €1.06M | €1.25M | ▲ 17.9% |
| Transfer from deferred taxes780 | €4k | €11k | - | - | - | - |
| Transfer to deferred taxes680 | €16k | - | - | - | - | - |
| Income taxes67/77 | €102k | €127k | €118k | €267k | €315k | ▲ 17.9% |
| Profit (loss) for the period9904 | €258k | €222k | €255k | €790k | €932k | ▲ 17.9% |
| Transfer from tax-exempt reserves789 | €13k | €34k | - | - | - | - |
| Transfer to tax-exempt reserves689 | €47k | - | €105k | €392k | €421k | ▲ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €224k | €256k | €150k | €399k | €511k | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.88M | €3.22M | €3.66M | €5.10M | €6.50M | ▲ 27.4% |
| Fixed assets21/28 | €1.56M | €1.46M | €1.39M | €2.11M | €2.71M | ▲ 29.0% |
| Intangible fixed assets21 | €11k | €4k | - | - | - | - |
| Tangible fixed assets22/27 | €1.54M | €1.46M | €1.38M | €2.09M | €2.71M | ▲ 29.6% |
| Land and buildings22 | €1.01M | €963k | €917k | €1.48M | €1.45M | ▼ 1.7% |
| Plant, machinery and equipment23 | €523k | €444k | €407k | €569k | €1.23M | ▲ 117% |
| Furniture and vehicles24 | €8k | €50k | €56k | €48k | €30k | ▼ 38.7% |
| Financial fixed assets28 | €2k | €855 | €11k | €10k | - | - |
| Current assets29/58 | €1.33M | €1.76M | €2.27M | €2.99M | €3.78M | ▲ 26.3% |
| Stocks and contracts in progress3 | €6k | €312k | €612k | €359k | €865k | ▲ 141% |
| Stocks30/36 | €6k | €312k | €612k | €359k | €365k | ▲ 1.6% |
| Contracts in progress37 | - | - | - | - | €500k | - |
| Amounts receivable within one year40/41 | €835k | €1.15M | €1.12M | €1.49M | €1.98M | ▲ 33.1% |
| Trade receivables40 | €794k | €1.15M | €1.11M | €1.46M | €1.93M | ▲ 31.9% |
| Other amounts receivable41 | €41k | - | €7k | €27k | €54k | ▲ 101% |
| Current investments50/53 | - | - | €200k | €750k | €400k | ▼ 46.7% |
| Cash at bank and in hand54/58 | €486k | €299k | €338k | €381k | €516k | ▲ 35.4% |
| Deferred charges and accrued income490/1 | - | €384 | €2k | €16k | €19k | ▲ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.88M | €3.22M | €3.66M | €5.10M | €6.50M | ▲ 27.4% |
| Equity10/15 | €1.21M | €1.43M | €1.69M | €2.48M | €3.41M | ▲ 37.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | - | €19k | - | - | - |
| Other1109/19 | - | - | €19k | - | - | - |
| Reserves13 | €1.19M | €1.41M | €1.67M | €2.46M | €3.39M | ▲ 37.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €34k | - | €105k | €497k | €918k | ▲ 84.7% |
| Distributable reserves133 | €1.16M | €1.41M | €1.56M | €1.96M | €2.47M | ▲ 26.0% |
| Profit (loss) carried forward14 | €1k | €2k | €4k | €3k | €4k | ▲ 38.1% |
| Provisions and deferred taxes16 | €11k | - | - | - | - | - |
| Deferred taxes168 | €11k | - | - | - | - | - |
| Amounts payable17/49 | €1.66M | €1.79M | €1.97M | €2.62M | €3.09M | ▲ 17.7% |
| Amounts payable after more than one year17 | €839k | €772k | €706k | €1.40M | €1.45M | ▲ 4.0% |
| Financial debts170/4 | €839k | €772k | €706k | €1.40M | €1.45M | ▲ 4.0% |
| Amounts payable within one year42/48 | €755k | €992k | €1.17M | €1.23M | €1.64M | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | €67k | €67k | €67k | €117k | €137k | ▲ 16.3% |
| Financial debts43 | - | €84k | €102k | - | - | - |
| Credit institutions430/8 | - | €84k | €102k | - | - | - |
| Trade debts44 | €226k | €210k | €326k | €404k | €773k | ▲ 91.2% |
| Suppliers440/4 | €226k | €210k | €326k | €404k | €773k | ▲ 91.2% |
| Taxes, remuneration and social security45 | €358k | €526k | €543k | €504k | €621k | ▲ 23.2% |
| Taxes450/3 | €101k | €216k | €140k | €89k | €137k | ▲ 54.4% |
| Remuneration and social security454/9 | €257k | €310k | €403k | €415k | €483k | ▲ 16.5% |
| Other amounts payable47/48 | €105k | €105k | €131k | €201k | €105k | ▼ 47.5% |
| Accrued charges and deferred income492/3 | €67k | €23k | €100k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €258k | €222k | €255k | €790k | €932k | ▲ 17.9% |
| + Depreciation and write-downs630 | €184k | €167k | €148k | €167k | €268k | ▲ 60.3% |
| Operating cash flow (approximation) | €442k | €389k | €403k | €957k | €1.20M | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | €-72k | €-77k | €-880k | €-877k | ▲ 0.3% |
| Change in cash | - | €-186k | €38k | €43k | €135k | ▲ 211% |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €932k ▲17.9%
Operating result €1.31M, net result €932k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.48M ▲46.8%
7 profitable years in a row build equity to €2.48M.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.21M ▲27.7%
4 profitable years in a row build equity to €1.21M.
24-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €91k ▼70.4%
Net result drops to €91k, the lowest in the series; recovery starts the following year.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kortrijk · 1 establishment unit since 2007
Ground area
2,178 m²
Building footprint
1,076 m²
Volume, LiDAR
97 m³
Parcel 34005C0208/00C011, Flanders · tallest building 19.3 m. Linked by address, not a title deed.
1 establishment unit
Catael
since 20072.165.201.831
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005C0208/00C011 | Flanders | 2,178 m² | 1 · 1,076 m² | 19.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 24,565 EUR awarded · 24,565 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 13,168 EUR | 13,168 EUR |
| 2024 | 2 | 10,822 EUR | 10,822 EUR |
| 2023 | 1 | 0 EUR | 350 EUR |
| 2022 | 1 | 575 EUR | 225 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 1,694 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
henk@catael.beKortrijk
E-mail
nikolas@catael.beKortrijk
Phone
0474/ 97 93 77Kortrijk
Phone
0486 33 86 71Kortrijk
Scores and ratios are computed by Checked and are not a credit decision.