CAYSEELE W.
ActiveCAYSEELE W. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.91M and a net result of €103k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+3
Solvency67▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.5 in 2024; short-term debt: 58.3% and cash: 3.7% of total assets), and 58.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
41.7%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
21 d late
2023
2 d early
2022
18 d early
2021
6 d early
2020
11 d late
2019
9 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.91M▲ 3.7%
2024 · €2.80M
2018: €1.46M
2019: €2.16M
2020: €2.17M
2021: €2.26M
2022: €2.44M
2023: €2.67M
2024: €2.80M
2018 → 2025
Total assets
€6.98M▲ 10.5%
2024 · €6.32M
2018: €1.58M
2019: €2.16M
2020: €2.22M
2021: €3.72M
2022: €5.01M
2023: €4.84M
2024: €6.32M
2018 → 2025
Net result
€103k▼ 22.3%
2024 · €133k
2018: €43k
2019: €-60k
2020: €8k
2021: €98k
2022: €181k
2023: €225k
2024: €133k
2018 → 2025
Working capital
€1.84M▲ 5.2%
2024 · €1.75M
2018: €1.06M
2019: €1.42M
2020: €1.50M
2021: €1.64M
2022: €1.81M
2023: €1.63M
2024: €1.75M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.26M-€2.44M▲ 8.0%€2.67M▲ 9.2%€2.80M▲ 5.0%€2.91M▲ 3.7%
Operating result€149k-€229k▲ 54.3%€356k▲ 55.1%€355k▼ 0.3%€368k▲ 3.8%
Net result€98k-€181k▲ 83.9%€225k▲ 24.4%€133k▼ 40.9%€103k▼ 22.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.98M
Fixed assets
€1.07M▲ 1.3%
Current assets
€5.91M▲ 12.3%
Equity and liabilities €6.98M
Equity
€2.91M▲ 3.7%
Debt
€4.07M▲ 15.9%
The debt ratio rises from 55.6% to 58.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€396k▲
2024 · €379k
Cash flow
€131k▼
2024 · €157k
Solvency
41.7%▼
2024 · 44.4%
Current ratio
1.45▼
2024 · 1.50
Quick ratio
0.30▼
2024 · 0.36
Debt / equity
1.40▲
2024 · 1.25
ROE
3.6%▼
2024 · 4.7%
ROA
1.5%▼
2024 · 2.1%
Interest coverage
2.39▲
2024 · 1.83
Debt
€4.07M▲
2024 · €3.51M
Debt ≤ 1 year
€4.07M▲
2024 · €3.51M
Income taxes
€99k▲
2024 · €18k
Staff costs
€71k▼
2024 · €115k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.32M€6.98M▲
Fixed assets21/28€1.05M€1.07M▲
Tangible fixed assets22/27€539k€552k▲
Land and buildings22€417k€417k▲
Plant, machinery and equipment23€53k€67k▲
Furniture and vehicles24€69k€68k▼
Financial fixed assets28€515k€515k=
Current assets29/58€5.26M€5.91M▲
Stocks and contracts in progress3€3.99M€4.70M▲
Stocks30/36€3.99M€4.70M▲
Amounts receivable within one year40/41€173k€67k▼
Trade receivables40€22k€37k▲
Other amounts receivable41€151k€30k▼
Current investments50/53€951k€886k▼
Cash at bank and in hand54/58€132k€260k▲
Deferred charges and accrued income490/1€13k-
Equity and liabilities
Total equity and liabilities10/49€6.32M€6.98M▲
Equity10/15€2.80M€2.91M▲
Contributions10/11€37k€37k=
Reserves13€2.77M€2.87M▲
Tax-exempt reserves132€214k€214k=
Distributable reserves133€2.55M€2.66M▲
Amounts payable17/49€3.51M€4.07M▲
Amounts payable within one year42/48€3.51M€4.07M▲
Current portion of amounts payable after more than one year42€40k€34k▼
Financial debts43€3.36M€3.94M▲
Credit institutions430/8€3.36M€3.94M▲
Trade debts44€18k€7k▼
Suppliers440/4€18k€7k▼
Other amounts payable47/48€91k€94k▲
Income statement
Code20242025
Remuneration, social security and pensions62€115k€71k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€27k▲
Other operating charges640/8€18k€29k▲
Gross operating margin9900€512k€495k▼
Operating profit (loss)9901€355k€368k▲
Financial income75/76B€3k€22▼
Recurring financial income75€3k€22▼
Financial charges65/66B€207k€166k▼
Recurring financial charges65€207k€166k▼
Profit (loss) for the period before taxes9903€151k€203k▲
Income taxes67/77€18k€99k▲
Profit (loss) for the period9904€133k€103k▼
Transfer to tax-exempt reserves689€84k-
Profit (loss) for the period to be appropriated9905€49k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€103k▲
Transfer to equity691/2€49k€103k▲
To other reserves6921€49k€103k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €225k ▲24.4%
Net result €225k, the highest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-60k ▼239%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 21current ratio 199.08
Current ratio from 9.57 to 199.08; short-term debt falls from €124k to €7k.
31-12
Financial
Equity above €2MEq €2.16M ▲48.1%
Equity rises from €1.46M to €2.16M.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lindestraat 259042 GentGround area
802 m²
Building footprint
131 m²
Volume, LiDAR
711 m³
Parcel 44813A0286/00B000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAYSEELE W. BVBA
since 19962.075.434.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813A0286/00B000 | Flanders | 802 m² | 1 · 131 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 473 EUR awarded · 473 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 473 EUR | 473 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesCAYSEELE W. BV34225
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,420. 1,555 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-1995
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
43990Other specialised construction activities
43999Specialised construction activities
45111
45250
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.