Summary
Cathness is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3,633 and a net result of €11,354. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 8061 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 24%
← weakest
strongest →
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 26-03-2026, 127 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
127 d early
2024
8 d early
2023
57 d early
2022
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,633▼ 91.4%
2024 · €42,280
Net result
€11,354▼ 0.6%
2024 · €11,423
Total assets
€18,786▼ 61.3%
2024 · €48,486
Solvency
19.3%▼ 67.9pp
2024 · 87.2%
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
Line2022202320242025
Operating result€18,820-€16,241▼ 13.7%€14,297▼ 12.0%€14,008▼ 2.0%
Net result€15,056-€12,801▼ 15.0%€11,423▼ 10.8%€11,354▼ 0.6%
Equity€18,056-€30,856▲ 70.9%€42,280▲ 37.0%€3,633▼ 91.4%
Total assets€21,820-€37,971▲ 74.0%€48,486▲ 27.7%€18,786▼ 61.3%
Debt€3,764-€7,114▲ 89.0%€6,206▼ 12.8%€15,153▲ 144%
Working capital€18,056-€30,856▲ 70.9%€42,280▲ 37.0%€3,633▼ 91.4%
Solvency82.7%-81.3%▼ 1.5pp87.2%▲ 5.9pp19.3%▼ 67.9pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18,786
Equity
€3,633 ▼ 91.4%
Debt
€15,153 ▲ 144%
Debt's share of the balance-sheet total rises from 12.8% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
312.5%▲
2024 · 27.0%
ROA
60.4%▲
2024 · 23.6%
Debt ≤ 1 year
€15,153▲
2024 · €6,206
Income taxes
€2,903▲
2024 · €2,856
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €600 | €780 | €400 | ▼ 48.8% |
| Gross operating margin9900 | €18,820 | €16,841 | €15,077 | €14,408 | ▼ 4.4% |
| Operating profit (loss)9901 | €18,820 | €16,241 | €14,297 | €14,008 | ▼ 2.0% |
| Financial income75/76B | - | - | €117 | €398 | ▲ 240% |
| Recurring financial income75 | - | - | €117 | €398 | ▲ 240% |
| Financial charges65/66B | - | €90 | €135 | €150 | ▲ 11.2% |
| Recurring financial charges65 | - | €90 | €135 | €150 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €18,820 | €16,151 | €14,279 | €14,256 | ▼ 0.2% |
| Income taxes67/77 | €3,764 | €3,350 | €2,856 | €2,903 | ▲ 1.6% |
| Profit (loss) for the period9904 | €15,056 | €12,801 | €11,423 | €11,354 | ▼ 0.6% |
| Profit (loss) for the period to be appropriated9905 | €15,056 | €12,801 | €11,423 | €11,354 | ▼ 0.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21,820 | €37,971 | €48,486 | €18,786 | ▼ 61.3% |
| Current assets29/58 | €21,820 | €37,971 | €48,486 | €18,786 | ▼ 61.3% |
| Amounts receivable within one year40/41 | - | - | €5,117 | €5,398 | ▲ 5.5% |
| Other amounts receivable41 | - | - | €5,117 | €5,398 | ▲ 5.5% |
| Cash at bank and in hand54/58 | €21,820 | €37,971 | €43,369 | €13,388 | ▼ 69.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21,820 | €37,971 | €48,486 | €18,786 | ▼ 61.3% |
| Equity10/15 | €18,056 | €30,856 | €42,280 | €3,633 | ▼ 91.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €15,056 | €27,856 | €39,280 | €633 | ▼ 98.4% |
| Distributable reserves133 | €15,056 | €27,856 | €39,280 | €633 | ▼ 98.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €3,764 | €7,114 | €6,206 | €15,153 | ▲ 144% |
| Amounts payable within one year42/48 | €3,764 | €7,114 | €6,206 | €15,153 | ▲ 144% |
| Taxes, remuneration and social security45 | €3,764 | €7,114 | €6,206 | €2,403 | ▼ 61.3% |
| Taxes450/3 | €3,764 | €7,114 | €6,206 | €2,403 | ▼ 61.3% |
| Other amounts payable47/48 | - | - | - | €12,750 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,056 | €12,801 | €11,423 | €11,354 | ▼ 0.6% |
| Operating cash flow (approximation) | €15,056 | €12,801 | €11,423 | €11,354 | ▼ 0.6% |
| Change in cash | - | €16,151 | €5,398 | -€29,980 | ▼ 655% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €11,354 ▼0.6%
Net result drops to €11,354, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tremelo · 1 establishment unit since 2022
Ground area
1,321 m²
Building footprint
151 m²
Volume, LiDAR
842 m³
Parcel 24109A0349/00G002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cathness
since 20222.331.756.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0349/00G002 | Flanders | 1,321 m² | 1 · 151 m² | 8.5 m · 2 fl. |
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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 2,601 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
Founded03-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781563642
Also
9925:BE0781563642
Registered
04-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.