Summary
CAUTION 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 €762,117 and a net result of €194,094. Equity has been growing by about 26% per year since 2018. Its solvency ranks better than 73% of 3,058 sector peers (NACE 66, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-12-2000 Normal situation
- Activity
- Insurance agents and brokers NACE 66220
- Establishment unit
- 2.100.058.512 9850 Deinze, since 30-01-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 04-09-2025
Board and ownership
- MERGAERT JohanDirector
- VAN RANSBEECK PhilippeDirector
- Holdings
- Shares in 1 company COSURE
Financial position
- Profit
- €194,094
- ▲ 42.6%
- Equity
- €762,117
- ▼ 2.5%
- Total assets
- €1.0m
- ▲ 25.8%
- 2025 accounts filed 21 days after the deadline
SignalsneutralA punctual record breaksShow the evidence
Checked score
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 66), the median for financial year 2024 was 5 days before the deadline, and 39% of those companies filed late.
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Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412821.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 25 filings
Every figure per financial year
The operating result for 2025 is 56% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €15,228 | €1,807 | €4,299 | €4,364 |
| Financial fixed assets | - | - | - | €0 | €0 |
| Depreciation and write-downs of the year | €300 | €1,835 | €143 | €241 | €1,863 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,665 | €2,150 | €476 | €300 | €1,835 | €143 | €241 | €1,863 | ▲ 673% |
| Other operating charges640/8 | - | - | - | €1,506 | €9,920 | €3,380 | €528 | €963 | ▲ 82.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €193 | €0 | - | - |
| Gross operating margin9900 | €18,975 | €171,833 | €134,372 | €87,132 | €83,245 | €80,327 | €80,646 | €127,262 | ▲ 57.8% |
| Operating profit (loss)9901 | €150 | €163,382 | €131,323 | €85,327 | €71,491 | €76,611 | €79,877 | €124,436 | ▲ 55.8% |
| Financial income75/76B | - | - | - | €32,831 | €116,764 | €62,504 | €100,733 | €127,818 | ▲ 26.9% |
| Recurring financial income75 | €2,560 | €2,061 | €4,150 | €32,831 | €116,764 | €62,504 | €100,733 | €127,818 | ▲ 26.9% |
| Financial charges65/66B | - | - | - | €896 | -€2,202 | €59 | €66 | €149 | ▲ 127% |
| Recurring financial charges65 | €5,718 | €3,243 | €1,294 | €896 | -€2,202 | €59 | €66 | €149 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | -€3,008 | €106,035 | €134,179 | €117,262 | €190,456 | €139,057 | €180,545 | €252,104 | ▲ 39.6% |
| Income taxes67/77 | €3,300 | €49,786 | €39,566 | €50,755 | €44,757 | €38,924 | €44,412 | €58,010 | ▲ 30.6% |
| Profit (loss) for the period9904 | -€6,308 | €56,249 | €94,613 | €66,507 | €145,699 | €100,133 | €136,133 | €194,094 | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | -€6,308 | €56,249 | €94,613 | €66,507 | €145,699 | €100,133 | €136,133 | €194,094 | ▲ 42.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.8m | €1.0m | ▲ 25.8% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.9% |
| Tangible fixed assets22/27 | €0.04m | €0.04m | €0.04m | €0.04m | €0.05m | €0.04m | €0.04m | €0.04m | ▲ 5.9% |
| Land and buildings22 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 6.1% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | €0.002m | €0.006m | €0.004m | ▼ 21.9% |
| Furniture and vehicles24 | - | - | - | €300 | €0.01m | - | - | €0.002m | - |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €0.08m | €0.05m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.8m | ▲ 38.2% |
| Amounts receivable within one year40/41 | €0.006m | €0.008m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 18.2% |
| Trade receivables40 | - | - | - | €0.006m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 43.8% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 22.3% |
| Cash at bank and in hand54/58 | €0.01m | €0.04m | €0.06m | €0.03m | €0.1m | €0.05m | €0.2m | €0.3m | ▲ 92.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 4.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.8m | €1.0m | ▲ 25.8% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.8m | €0.8m | ▼ 2.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.06m | €0.2m | €0.2m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 5.6% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 5.6% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.4% |
| Amounts payable17/49 | €0.2m | €0.08m | €0.1m | €0.09m | €0.08m | €0.02m | €0.04m | €0.3m | ▲ 570% |
| Amounts payable within one year42/48 | €0.2m | €0.08m | €0.1m | €0.09m | €0.08m | €0.02m | €0.04m | €0.3m | ▲ 570% |
| Trade debts44 | €0.007m | €0.005m | €0.002m | €175 | - | €0.002m | €0.001m | €0.006m | ▲ 454% |
| Suppliers440/4 | - | - | - | €175 | - | €0.002m | €0.001m | €0.006m | ▲ 454% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.08m | €0.02m | €0.04m | €0.05m | ▲ 33.8% |
| Taxes450/3 | - | - | - | €0.09m | €0.08m | €0.02m | €0.04m | €0.05m | ▲ 33.8% |
| Other amounts payable47/48 | - | - | - | - | - | €76 | €0 | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,308 | €56,249 | €94,613 | €66,507 | €145,699 | €100,133 | €136,133 | €194,094 | ▲ 42.6% |
| + Depreciation and write-downs630 | €2,665 | €2,150 | €476 | €300 | €1,835 | €143 | €241 | €1,863 | ▲ 673% |
| Operating cash flow (approximation) | -€3,643 | €58,399 | €95,090 | €66,807 | €147,533 | €100,275 | €136,374 | €195,957 | ▲ 43.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€15,228 | €11,886 | -€4,299 | -€4,364 | ▼ 1.5% |
| Change in cash | - | €24,765 | €18,107 | -€23,657 | €64,649 | -€46,613 | €101,673 | €140,117 | ▲ 37.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00412821 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00337466 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00210491 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00177922 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20252695 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64300092 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-64800317 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56400255 | |
| 31-12-2017 | abbreviated format | 26-07-2018 | 2018-39400339 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59400101 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-01-2024 Capital stated in the deed · 200 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MERGAERT Johan |
|
| VAN RANSBEECK Philippe |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity €217,288 Profit of €357,639 in 2025 (profit of €246,081 in 2024)49.98%
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of CAUTION. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-01
Gazette deed
Changes of role: MERGAERT Johan (statutory director) and VAN RANSBEECK Philippe (director)Amendment of the articles · Capital conversion · Reserve release14 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege omgezet, artikel 39,§2,tweede lid wet 23-03-2019” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Director resignation, MERGAERT Johan (statutory manager)
- Director resignation, VAN RANSBEECK Philippe (manager)
- Board rule, 2, “algemene vergadering” (deed in Dutch)
- Director appointment, MERGAERT Johan (statutory director)
- Director appointment, VAN RANSBEECK Philippe (director)
- Capital
- Board composition, MERGAERT Johan (statutory director)
- Registered office clause, “9850 Deinze(Nevele),Warandestraat 20, algemene vergadering” (deed in Dutch)
- Power of attorney
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
9 activities
- Het afsluiten en het beheren van verzekeringen van alle aard in hoedanigheid van makelaar,vertegenwoordiger van verzekeringsmaatschappijen of bemiddelaar,ten welke titel ook,met uitsluiting van alle verleningen van waarborg in hoedanigheid van verzekeraar in de eigenlijke zin van het woord.
- Het optreden als tussenpersoon inzake leningen,kredietopeningen en financieringen,met of zonder hypothecaire of andere waarborgen.
- Het optreden als makelaar of tussenpersoon voor het aangaan van alle soorten spaarverrichtingen en beleggingen,zowel in roerende als in onroerende goederen of waarden bij banken,spaarinstellingen of andere financiële instellingen onverschillig hun statuut.
- Het houden en uitbaten van een studie- en consultatiebureau voor verzekerings-,spaar- en beleggingsgelegenheden,alsook alle onroerende verrichtingen,onder meer het verkopen,aankopen,verkavelen,beheren,huren en verhuren,met inbegrip van overname van handelsfondsen.
- De vennootschap mag alle roerende en onroerende lichamelijke en onlichamelijke goederen verwerven,bouwen,vervreemden,in leasing geven en nemen,ruilen,in vruchtgebruik nemen of geven,huren of verhuren.
- De vennootschap kan verder tot voorwerp hebben het besturen van vennootschappen,welk voorwerp deze vennootschappen ook mochten hebben,het deelnemen in en directie voeren over ondernemingen en vennootschappen,alsook het uitoefenen van de functie van bestuurder of analoge functies zoals vereffenaar in vennootschappen en andere rechtspersonen.
- Zij kan zich borg stellen ten gunste van vennootschappen,waarin de vennootschap rechtstreeks of onrechtstreeks deelneemt op welke wijze ook of ten gunste van derden mits de vennootschap daarbij belang heeft.
- Op algemene wijze mag zij allerhande commerciële,industriële,financiële,roerende en onroerende verrichtingen uitvoeren,welke rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
- De vennootschap mag op welke wijze ook betrokken zijn in zaken,ondernemingen of vennootschappen die hetzelfde,een soortgelijk,een gelijkaardig of samenhangend voorwerp hebben,dat van aard is de ontwikkeling van haar vennootschap te bevorderen,haar grondstoffen te verschaffen,of haar producten gemakkelijker kan verdelen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44027A0135/00E000 | Flanders | 3,593 m² | 1 · 188 m² | 7.2 m · 1 |