CAUDOC
ActiveSummary
CAUDOC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 85% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 8.65 against 4.66 in 2023; short-term debt: 11.2% and cash: 21.7% of total assets), and 15.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
59 d late
2022
67 d late
2021
73 d early
2020
18 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€41k▲ 68.6%
2023 · €24k
2018: €230k
2019: €358k▲ +55.6% vs 2018
2020: €510k▲ +42.6% vs 2019highest in 7 years
2021: €510k● 0.0% vs 2020highest in 7 years
2022: €12k▼ -97.6% vs 2021lowest in 7 years
2023: €24k▲ +96.1% vs 2022
2024: €41k▲ +68.6% vs 2023
2018 → 2024
Total assets
€48k▲ 38.7%
2023 · €35k
2018: €422k
2019: €529k▲ +25.3% vs 2018
2020: €757k▲ +43.0% vs 2019
2021: €804k▲ +6.3% vs 2020highest in 7 years
2022: €21k▼ -97.3% vs 2021lowest in 7 years
2023: €35k▲ +63.5% vs 2022
2024: €48k▲ +38.7% vs 2023
2018 → 2024
Net result
€17k▲ 40.0%
2023 · €12k
2018: €67k
2019: €128k▲ +90.5% vs 2018
2020: €152k▲ +19.0% vs 2019
2021: €267k▲ +75.1% vs 2020highest in 7 years
2022: €9k▼ -96.5% vs 2021lowest in 7 years
2023: €12k▲ +26.8% vs 2022
2024: €17k▲ +40.0% vs 2023
2018 → 2024
Working capital
€42k▲ 59.8%
2023 · €26k
2018: €202k
2019: €355k▲ +75.9% vs 2018highest in 7 years
2020: €-115k▼ -132% vs 2019
2021: €-204k▼ -77.9% vs 2020lowest in 7 years
2022: €16k▲ +108% vs 2021
2023: €26k▲ +64.7% vs 2022
2024: €42k▲ +59.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€510k-€510k=€12k▼ 97.6%€24k▲ 96.1%€41k▲ 68.6%
2020: €510khighest in 5 years
2021: €510k● 0.0% vs 2020highest in 5 years
2022: €12k▼ -97.6% vs 2021lowest in 5 years
2023: €24k▲ +96.1% vs 2022
2024: €41k▲ +68.6% vs 2023
Operating result€159k-€358k▲ 125%€13k▼ 96.3%€18k▲ 39.2%€25k▲ 34.4%
2020: €159k
2021: €358k▲ +125% vs 2020highest in 5 years
2022: €13k▼ -96.3% vs 2021lowest in 5 years
2023: €18k▲ +39.2% vs 2022
2024: €25k▲ +34.4% vs 2023
Net result€152k-€267k▲ 75.1%€9k▼ 96.5%€12k▲ 26.8%€17k▲ 40.0%
2020: €152k
2021: €267k▲ +75.1% vs 2020highest in 5 years
2022: €9k▼ -96.5% vs 2021lowest in 5 years
2023: €12k▲ +26.8% vs 2022
2024: €17k▲ +40.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 34% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48k
Fixed assets
€1k ▼ 21.2%
Current assets
€47k ▲ 41.9%
Equity and liabilities €48k
Equity
€41k ▲ 68.6%
Debt
€7k ▼ 29.8%
Debt's share of the balance-sheet total falls from 30.4% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2023 · €19k
Cash flow
€17k▲
2023 · €12k
Current ratio
8.65▲
2023 · 4.66
Debt to equity
0.18▼
2023 · 0.44
ROE
40.7%▼
2023 · 49.0%
ROA
34.4%▲
2023 · 34.1%
Interest coverage
99.23▼
2023 · 153.27
Debt ≤ 1 year
€5k▼
2023 · €7k
Income taxes
€8k▲
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€35k€48k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€130€130=
Current assets29/58€33k€47k▲
Amounts receivable within one year40/41€17k€13k▼
Trade receivables40€17k€13k▼
Current investments50/53€12k€23k▲
Cash at bank and in hand54/58€4k€11k▲
Equity and liabilities
Total equity and liabilities10/49€35k€48k▲
Equity10/15€24k€41k▲
Contributions10/11€3k€3k=
Reserves13€12k€28k▲
Distributable reserves133€12k€28k▲
Profit (loss) carried forward14€10k€10k▲
Amounts payable17/49€11k€7k▼
Amounts payable within one year42/48€7k€5k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€232€375▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€23k€27k▲
Operating profit (loss)9901€18k€25k▲
Financial income75/76B€2€144▲
Recurring financial income75€2€144▲
Financial charges65/66B€121€251▲
Recurring financial charges65€121€251▲
Profit (loss) for the period before taxes9903€18k€24k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€12k€17k▲
Profit (loss) for the period to be appropriated9905€12k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€26k▲
Profit (loss) brought forward from the previous period14P€9k€10k▲
Transfer to equity691/2€12k€16k▲
To other reserves6921€12k€16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €275k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €232 | €375 | ▲ 61.4% |
| Other operating charges640/8 | - | €457 | - | €5k | €2k | ▼ 65.3% |
| Gross operating margin9900 | €201k | €358k | €13k | €23k | €27k | ▲ 15.0% |
| Operating profit (loss)9901 | €159k | €358k | €13k | €18k | €25k | ▲ 34.4% |
| Financial income75/76B | - | - | - | €2 | €144 | ▲ 6,752% |
| Recurring financial income75 | €56k | - | - | €2 | €144 | ▲ 6,752% |
| Financial charges65/66B | - | €2k | €142 | €121 | €251 | ▲ 108% |
| Recurring financial charges65 | €4k | €2k | €142 | €121 | €251 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | €211k | €356k | €13k | €18k | €24k | ▲ 34.7% |
| Income taxes67/77 | €59k | €89k | €4k | €6k | €8k | ▲ 24.7% |
| Profit (loss) for the period9904 | €152k | €267k | €9k | €12k | €17k | ▲ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €152k | €267k | €9k | €12k | €17k | ▲ 40.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €757k | €804k | €21k | €35k | €48k | ▲ 38.7% |
| Fixed assets21/28 | €658k | €714k | €130 | €2k | €1k | ▼ 21.2% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €2k | €1k | ▼ 22.8% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 22.8% |
| Financial fixed assets28 | €658k | €714k | €130 | €130 | €130 | = |
| Current assets29/58 | €99k | €91k | €21k | €33k | €47k | ▲ 41.9% |
| Amounts receivable within one year40/41 | - | €2k | €13k | €17k | €13k | ▼ 21.2% |
| Trade receivables40 | - | - | €13k | €17k | €13k | ▼ 21.2% |
| Other amounts receivable41 | - | €2k | - | - | - | - |
| Current investments50/53 | - | - | - | €12k | €23k | ▲ 92.5% |
| Cash at bank and in hand54/58 | €40k | €89k | €8k | €4k | €11k | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €757k | €804k | €21k | €35k | €48k | ▲ 38.7% |
| Equity10/15 | €510k | €510k | €12k | €24k | €41k | ▲ 68.6% |
| Contributions10/11 | - | €12k | €3k | €3k | €3k | = |
| Reserves13 | €217k | €217k | - | €12k | €28k | ▲ 139% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €216k | - | €12k | €28k | ▲ 139% |
| Profit (loss) carried forward14 | €280k | €280k | €9k | €10k | €10k | ▲ 6.8% |
| Amounts payable17/49 | €247k | €294k | €9k | €11k | €7k | ▼ 29.8% |
| Amounts payable after more than one year17 | €34k | - | - | - | - | - |
| Amounts payable within one year42/48 | €213k | €294k | €5k | €7k | €5k | ▼ 23.5% |
| Trade debts44 | €2k | - | €2k | €1k | €1k | ▲ 13.1% |
| Suppliers440/4 | - | - | €2k | €1k | €1k | ▲ 13.1% |
| Taxes, remuneration and social security45 | - | - | €4k | €6k | €4k | ▼ 31.5% |
| Taxes450/3 | - | - | €4k | €6k | €4k | ▼ 31.5% |
| Other amounts payable47/48 | - | €294k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €4k | €3k | €2k | ▼ 42.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €152k | €267k | €9k | €12k | €17k | ▲ 40.0% |
| + Depreciation and write-downs630 | - | - | - | €232 | €375 | ▲ 61.4% |
| Operating cash flow (approximation) | €152k | €267k | €9k | €12k | €17k | ▲ 40.4% |
| Investment in fixed assets (approximation) | - | €-55k | €714k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €49k | €-81k | €-4k | €6k | ▲ 271% |
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
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Weakest financial yearnet €9k ▼96.5%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 13current ratio 3.92
Current ratio from 0.31 to 3.92; short-term debt falls from €294k to €5k.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €267k ▲75.1%
Operating result €358k, net result €267k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Equity above €500kEq €510k ▲42.6%
3 profitable years in a row build equity to €510k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 142 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
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, Pont-à-Celles · 1 establishment unit since 2005
Ground area
2,872 m²
Building footprint
187 m²
Volume, LiDAR
2,090 m³
2 parcels, Brussels, Wallonia · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kemmelberglaan 27, 1060 Sint-Gillis (bij-Brussel)
since 20052.229.620.323
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52042A0548/00D002 | Wallonia | 2,669 m² | 1 · 82 m² | 9.9 m · 3 fl. |
| 21562A0198/00L004 | Brussels | 203 m² | 1 · 105 m² | 19.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,670 companies in sector 85599 we hold annual accounts for 1,330. 1,003 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
Founded27-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.