CAYMAN
ActiveSummary
CAYMAN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208,872 and a net result of €19,974. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-14
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 76.61 against 30.63 in 2024; short-term debt: 1.3% and cash: 46.5% of total assets), and 1.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 · 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
98.7%
Return on assets
9.4%
Age of the figures
9 mo
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 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
40 d early
2023
28 d early
2022
5 d early
2021
81 d early
2020
24 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€208,872▲ 10.6%
2024 · €188,898
Total assets
€211,634▲ 8.4%
2024 · €195,249
Net result
€19,974▼ 51.1%
2024 · €40,808
Working capital
€208,872▲ 11.0%
2024 · €188,188
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,950▲ 5.2%€62,250▲ 78.1%€48,094▼ 22.7%€55,573▲ 15.6%€22,227▼ 60.0%
Net result€24,987above the sector's middle half▲ 6.5%€41,808above the sector's middle half▲ 67.3%€32,645above the sector's middle half▼ 21.9%€40,808above the sector's middle half▲ 25.0%€19,974within the sector's middle half▼ 51.1%
Equity€92,185within the sector's middle half▲ 8.8%€115,444above the sector's middle half▲ 25.2%€148,089above the sector's middle half▲ 28.3%€188,898above the sector's middle half▲ 27.6%€208,872above the sector's middle half▲ 10.6%
Total assets€132,199within the sector's middle half▲ 18.2%€139,935within the sector's middle half▲ 5.9%€167,217within the sector's middle half▲ 19.5%€195,249within the sector's middle half▲ 16.8%€211,634within the sector's middle half▲ 8.4%
Debt€40,014▲ 47.5%€24,491▼ 38.8%€19,128▼ 21.9%€6,352▼ 66.8%€2,762▼ 56.5%
Working capital€92,185▲ 8.8%€115,444▲ 25.2%€148,089▲ 28.3%€188,188▲ 27.1%€208,872▲ 11.0%
Solvency69.7%above the sector's middle half▼ 6.0pp82.5%above the sector's middle half▲ 12.8pp88.6%above the sector's middle half▲ 6.1pp96.7%above the sector's middle half▲ 8.2pp98.7%above the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% 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 €211,634
Equity
€208,872 ▲ 10.6%
Debt
€2,762 ▼ 56.5%
Debt's share of the balance-sheet total falls from 3.3% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,227▼
2024 · €55,622
Cash flow
€19,974▼
2024 · €40,857
Current ratio
76.61▲
2024 · 30.63
Debt to equity
0.01▼
2024 · 0.03
ROE
9.6%▼
2024 · 21.6%
ROA
9.4%▼
2024 · 20.9%
Interest coverage
96.72▼
2024 · 292.64
Debt ≤ 1 year
€2,762▼
2024 · €6,352
Income taxes
€9,296▼
2024 · €19,044
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €48 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,818 | €0 | ▲ 100% |
| Other operating charges640/8 | €892 | €1,090 | €1,314 | €5,705 | €810 | ▼ 85.8% |
| Gross operating margin9900 | €35,842 | €63,341 | €49,408 | €57,509 | €23,038 | ▼ 59.9% |
| Operating profit (loss)9901 | €34,950 | €62,250 | €48,094 | €55,573 | €22,227 | ▼ 60.0% |
| Financial income75/76B | €0 | €0 | - | €4,469 | €7,273 | ▲ 62.8% |
| Recurring financial income75 | €0 | €0 | - | €4,469 | €2,476 | ▼ 44.6% |
| Non-recurring financial income76B | - | - | - | - | €4,797 | - |
| Financial charges65/66B | €215 | €87 | €159 | €190 | €230 | ▲ 20.9% |
| Recurring financial charges65 | €215 | €87 | €159 | €190 | €230 | ▲ 20.9% |
| Profit (loss) for the period before taxes9903 | €34,734 | €62,163 | €47,935 | €59,852 | €29,270 | ▼ 51.1% |
| Income taxes67/77 | €9,747 | €20,355 | €15,290 | €19,044 | €9,296 | ▼ 51.2% |
| Profit (loss) for the period9904 | €24,987 | €41,808 | €32,645 | €40,808 | €19,974 | ▼ 51.1% |
| Profit (loss) for the period to be appropriated9905 | €24,987 | €41,808 | €32,645 | €40,808 | €19,974 | ▼ 51.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,199 | €139,935 | €167,217 | €195,249 | €211,634 | ▲ 8.4% |
| Fixed assets21/28 | - | - | - | €709 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | - | €709 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €709 | €0 | ▼ 100% |
| Current assets29/58 | €132,199 | €139,935 | €167,217 | €194,540 | €211,634 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €93,236 | €57,469 | €70,964 | €83,827 | €113,326 | ▲ 35.2% |
| Trade receivables40 | €12,722 | €8,297 | €2,037 | €1,146 | €0 | ▼ 100% |
| Other amounts receivable41 | €80,515 | €49,172 | €68,927 | €82,681 | €113,326 | ▲ 37.1% |
| Cash at bank and in hand54/58 | €38,461 | €81,939 | €95,452 | €109,854 | €98,308 | ▼ 10.5% |
| Deferred charges and accrued income490/1 | €502 | €527 | €801 | €859 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,199 | €139,935 | €167,217 | €195,249 | €211,634 | ▲ 8.4% |
| Equity10/15 | €92,185 | €115,444 | €148,089 | €188,898 | €208,872 | ▲ 10.6% |
| Contributions10/11 | €18,550 | €0 | - | - | - | - |
| Reserves13 | €73,000 | €114,800 | €147,445 | €188,253 | €206,853 | ▲ 9.9% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €73,000 | €114,800 | €147,445 | €188,253 | €206,853 | ▲ 9.9% |
| Profit (loss) carried forward14 | €635 | €644 | €644 | €644 | €2,019 | ▲ 213% |
| Amounts payable17/49 | €40,014 | €24,491 | €19,128 | €6,352 | €2,762 | ▼ 56.5% |
| Amounts payable within one year42/48 | €40,014 | €24,491 | €19,128 | €6,352 | €2,762 | ▼ 56.5% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Trade debts44 | €1,100 | €563 | €2,240 | €0 | - | - |
| Suppliers440/4 | €1,100 | €563 | €2,240 | €0 | - | - |
| Taxes, remuneration and social security45 | €20,414 | €23,928 | €16,888 | €6,352 | €2,762 | ▼ 56.5% |
| Taxes450/3 | €20,414 | €23,928 | €16,888 | €6,352 | €2,762 | ▼ 56.5% |
| Other amounts payable47/48 | €18,500 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,987 | €41,808 | €32,645 | €40,808 | €19,974 | ▼ 51.1% |
| + Depreciation and write-downs630 | €0 | - | - | €48 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €24,987 | €41,808 | €32,645 | €40,857 | €19,974 | ▼ 51.1% |
| Investment in fixed assets (approximation) | - | - | - | - | €709 | - |
| Change in cash | - | €43,478 | €13,512 | €14,402 | -€11,546 | ▼ 180% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 76.61
Current ratio from 30.63 to 76.61; short-term debt falls from €6,352 to €2,762.
31-12
Financial
Equity above €200,000Eq €208,872 ▲10.6%
8 profitable years in a row build equity to €208,872.
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 30.63
Current ratio from 8.74 to 30.63; short-term debt falls from €19,128 to €6,352.
31-12
Financial
Equity above €150,000Eq €188,898 ▲27.6%
7 profitable years in a row build equity to €188,898.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €41,808 ▲67.3%
Operating result €62,250, net result €41,808, both a record.
31-12
Financial
Equity above €100,000Eq €115,444 ▲25.2%
5 profitable years in a row build equity to €115,444.
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Show earlier events
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ronse · 1 establishment unit since 1997
Ground area
2,117 m²
Building footprint
268 m²
Volume, LiDAR
1,393 m³
Parcel 45041B0701/00C000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cayman
since 19972.075.258.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B0701/00C000 | Flanders | 2,117 m² | 1 · 268 m² | 7.8 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 29,787 companies in sector 41001 we hold annual accounts for 16,052. 11,988 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
Founded30-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456636903
Also
9925:BE0456636903
Registered
09-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.