CATCHOU
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 19 filings
Turnover
€2,000▼ 20.6%
2018 · €2,519
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€20,617
2024 · €92,372
Working capital
€345,509▲ 2.1%
2024 · €338,544
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€23,196
2025
20182025
Net result
-€20,617
2025
20182025
Equity
€930,768
▼ 2.2%
2025
20182025
Total assets
€933,330
▼ 13.2%
2025
20182025
Debt
€2,562
▼ 97.9%
2025
20182025
Working capital
€345,509
▲ 2.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.003m-€0.002m▼ 20.6%
Operating result-€0.07m--€0.06m▲ 12.9%-€0.04m▲ 42.6%-€0.03m▲ 12.0%-€0.05m▼ 53.3%-€0.03m▲ 43.3%€0.1m-€0.02m
Net result-€0.07m--€0.07m▲ 5.1%-€0.04m▲ 47.1%-€0.03m▲ 11.8%-€0.2m▼ 405%-€0.03m▲ 82.7%€0.09m-€0.02m
Equity€1.3m-€1.2m▼ 5.2%€1.2m▼ 2.9%€1.2m▼ 2.6%€1.0m▼ 13.7%€1.0m▼ 2.8%€1.0m▼ 1.6%€0.9m▼ 2.2%
Total assets€1.8m-€1.3m▼ 28.2%€1.2m▼ 3.9%€1.2m▼ 2.6%€1.1m▼ 13.0%€1.0m▼ 2.4%€1.1m▲ 4.4%€0.9m▼ 13.2%
Debt€0.5m-€0.08m▼ 85.3%€0.06m▼ 20.0%€0.06m▼ 1.7%€0.06m▲ 1.0%€0.06m▲ 4.0%€0.1m▲ 96.5%€0.003m▼ 97.9%
Working capital€0.4m-€0.2m▼ 41.7%€0.2m▼ 3.1%€0.2m▼ 2.4%€0.1m▼ 51.3%€0.1m▲ 11.4%€0.3m▲ 196%€0.3m▲ 2.1%
The operating result for 2025 is a loss of €23,196, after a profit of €101,391 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €933,330
Fixed assets
€586,084 ▼ 4.5%
Current assets
€347,247 ▼ 24.9%
Equity and liabilities €933,330
Equity
€930,768 ▼ 2.2%
Debt
€2,562 ▼ 97.9%
Debt's share of the balance-sheet total falls from 11.6% to 0.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,367▼
2024 · €130,797
Cash flow
€6,946▼
2024 · €121,778
Debt to equity
0.00▼
2024 · 0.13
ROE
-2.2%▼
2024 · 9.7%
ROA
-2.2%▼
2024 · 8.6%
Interest coverage
5.90▼
2024 · over 100
Debt ≤ 1 year
€1,738▼
2024 · €123,564
Income taxes
€0▼
2024 · €9,200
A ratio outside any meaningful range has been withheld (balance sheet total €933,330, equity €930,768).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,695 | - | €7,979 | €1,045 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €46,588 | €49,323 | €46,192 | €29,406 | €27,563 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €2,519 | €2,000 | - | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €20,197 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,793 | €50,050 | €49,801 | €46,588 | €49,323 | €46,192 | €29,406 | €27,563 | ▼ 6.3% |
| Other operating charges640/8 | - | - | - | €7,608 | €13,223 | €10,102 | €9,360 | €9,307 | ▼ 0.6% |
| Gross operating margin9900 | -€17,940 | -€5,626 | €20,350 | €23,238 | €15,094 | €29,383 | €140,157 | €13,674 | ▼ 90.2% |
| Operating profit (loss)9901 | -€70,363 | -€61,280 | -€35,196 | -€30,958 | -€47,452 | -€26,912 | €101,391 | -€23,196 | - |
| Financial income75/76B | - | - | - | - | €18 | €0 | €771 | €3,320 | ▲ 331% |
| Recurring financial income75 | €622 | €118 | - | - | €18 | €0 | €771 | €3,320 | ▲ 331% |
| Financial charges65/66B | - | - | - | €343 | €110,553 | €458 | €589 | €740 | ▲ 25.6% |
| Recurring financial charges65 | €1,024 | €6,003 | €307 | €343 | €110,553 | €458 | €589 | €740 | ▲ 25.6% |
| Profit (loss) for the period before taxes9903 | -€70,764 | -€67,165 | -€35,503 | -€31,301 | -€157,987 | -€27,370 | €101,572 | -€20,617 | - |
| Income taxes67/77 | - | - | - | - | - | - | €9,200 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€70,764 | -€67,165 | -€35,503 | -€31,301 | -€157,987 | -€27,370 | €92,372 | -€20,617 | - |
| Profit (loss) for the period to be appropriated9905 | -€70,764 | -€67,165 | -€35,503 | -€31,301 | -€157,987 | -€27,370 | €92,372 | -€20,617 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | €1.1m | €0.9m | ▼ 13.2% |
| Fixed assets21/28 | €1.0m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.6m | €0.6m | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.0m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.6m | €0.6m | ▼ 4.5% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.9m | €0.6m | €0.6m | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.009m | €0.004m | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | €0.001m | €0.001m | ▼ 35.0% |
| Current assets29/58 | €0.8m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.5m | €0.3m | ▼ 24.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | €0.003m | €0.003m | €0 | €0.001m | - |
| Trade receivables40 | - | - | - | - | €208 | €0.001m | €0 | €300 | - |
| Other amounts receivable41 | - | - | - | €0.2m | €0.002m | €0.002m | €0 | €0.001m | - |
| Current investments50/53 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Cash at bank and in hand54/58 | €0.6m | €0.04m | €0.02m | €0.02m | €0.06m | €0.08m | €0.4m | €0.3m | ▼ 27.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.001m | €497 | €480 | ▼ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | €1.1m | €0.9m | ▼ 13.2% |
| Equity10/15 | €1.3m | €1.2m | €1.2m | €1.2m | €1.0m | €1.0m | €1.0m | €0.9m | ▼ 2.2% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.1m | €0.09m | €0.09m | = |
| Profit (loss) carried forward14 | €0.4m | €0.3m | €0.3m | €0.2m | €0.08m | €0.05m | €0.04m | €0.02m | ▼ 46.2% |
| Amounts payable17/49 | €0.5m | €0.08m | €0.06m | €0.06m | €0.06m | €0.06m | €0.1m | €0.003m | ▼ 97.9% |
| Amounts payable after more than one year17 | €0.1m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.06m | €0.06m | €0.06m | €0 | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.02m | €0.001m | €242 | €0.001m | €0.002m | €0.1m | €0.002m | ▼ 98.6% |
| Trade debts44 | €0.007m | €0.02m | €435 | €0 | €65 | €420 | €0.005m | €41 | ▼ 99.2% |
| Suppliers440/4 | - | - | - | €0 | €65 | €420 | €0.005m | €41 | ▼ 99.2% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | €0.009m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0 | - | - | €0.009m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €242 | €0.001m | €0.002m | €0.1m | €0.002m | ▼ 98.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | €0.001m | €0.001m | €0.001m | ▲ 2.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,764 | -€67,165 | -€35,503 | -€31,301 | -€157,987 | -€27,370 | €92,372 | -€20,617 | - |
| + Depreciation and write-downs630 | €46,793 | €50,050 | €49,801 | €46,588 | €49,323 | €46,192 | €29,406 | €27,563 | ▼ 6.3% |
| Operating cash flow (approximation) | -€23,972 | -€17,115 | €14,298 | €15,287 | -€108,664 | €18,822 | €121,778 | €6,946 | ▼ 94.3% |
| Investment in fixed assets (approximation) | - | -€98,761 | -€21,872 | -€19,695 | €385 | -€7,979 | €270,689 | €0 | ▼ 100% |
| Change in cash | - | -€540,375 | -€20,659 | -€2,797 | €47,419 | €12,906 | €348,713 | -€116,140 | - |
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, 8,617 companies had the same profile as CATCHOU has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CATCHOU itself: < 0.1% 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 8,617 companies, not a prediction for CATCHOU. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00251050 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00319208 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00150363 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00297321 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20178268 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32100064 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-40300368 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45800232 | |
| 31-12-2017 | full format | 27-06-2018 | 2018-24200271 | |
| 31-12-2016 | full format | 23-05-2017 | 2017-13100258 |