CAZ-projects
ActiveCAZ-projects has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €776k and a net result of €-23k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 1275 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency79▼-21
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 2.08 against 3.33 in 2024), but 63.7% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
51 d early
2023
56 d early
2022
119 d early
2021
144 d early
2020
135 d early
2019
157 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€776k▼ 2.9%
2024 · €799k
2018: €618k
2019: €600k
2020: €593k
2021: €842k
2022: €816k
2023: €807k
2024: €799k
2018 → 2025
Total assets
€2.14M▲ 91.3%
2024 · €1.12M
2018: €1.49M
2019: €632k
2020: €607k
2021: €940k
2022: €926k
2023: €903k
2024: €1.12M
2018 → 2025
Net result
€-23k▼ 187%
2024 · €-8k
2018: €-37k
2019: €-18k
2020: €-7k
2021: €249k
2022: €-26k
2023: €-9k
2024: €-8k
2018 → 2025
Working capital
€961k▲ 230%
2024 · €291k
2018: €264k
2019: €234k
2020: €234k
2021: €613k
2022: €582k
2023: €557k
2024: €291k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€842k-€816k▼ 3.1%€807k▼ 1.1%€799k▼ 1.0%€776k▼ 2.9%
Operating result€-25k-€-28k▼ 10.6%€-14k▲ 50.7%€-14k▼ 3.3%€-29k▼ 104%
Net result€249k-€-26k€-9k▲ 64.4%€-8k▲ 13.6%€-23k▼ 187%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2025 against €14k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.14M
Fixed assets
€280k▼ 60.0%
Current assets
€1.86M▲ 345%
Equity and liabilities €2.14M
Equity
€776k▼ 2.9%
Provisions
€0▼ 100%
Debt
€1.36M▲ 502%
The debt ratio rises from 20.2% to 63.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-19k▼
2024 · €-4k
Cash flow
€-13k▼
2024 · €2k
Solvency
36.3%▼
2024 · 71.6%
Current ratio
2.08▼
2024 · 3.33
Quick ratio
0.26▼
2024 · 1.96
Debt / equity
1.75▲
2024 · 0.28
ROE
-2.9%▼
2024 · -1.0%
ROA
-1.1%▼
2024 · -0.7%
Interest coverage
-0.88▲
2024 · -1.06
Debt
€1.36M▲
2024 · €226k
Debt ≤ 1 year
€894k▲
2024 · €125k
Debt > 1 year
€450k▲
2024 · €100k
Income taxes
€74k▲
2024 · €320
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€1.12M€2.14M▲
Fixed assets21/28€699k€280k▼
Tangible fixed assets22/27€565k€146k▼
Land and buildings22€155k€146k▼
Plant, machinery and equipment23€454€0▼
Assets under construction and advance payments27€409k€0▼
Financial fixed assets28€134k€134k=
Current assets29/58€417k€1.86M▲
Stocks and contracts in progress3€171k€1.62M▲
Stocks30/36€171k€1.62M▲
Amounts receivable within one year40/41€37k€118k▲
Trade receivables40€26k€113k▲
Other amounts receivable41€11k€5k▼
Current investments50/53€109k€26k▼
Cash at bank and in hand54/58€94k€85k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€2.14M▲
Equity10/15€799k€776k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€736k€713k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€274k€0▼
Distributable reserves133€455k€707k▲
Provisions and deferred taxes16€91k€0▼
Deferred taxes168€91k€0▼
Amounts payable17/49€226k€1.36M▲
Amounts payable after more than one year17€100k€450k▲
Other amounts payable178/9€100k€450k▲
Amounts payable within one year42/48€125k€894k▲
Financial debts43€273€656k▲
Credit institutions430/8€273€656k▲
Trade debts44€125k€114k▼
Suppliers440/4€125k€114k▼
Advances received on contracts in progress46€65€90k▲
Taxes, remuneration and social security45-€35k
Taxes450/3-€35k
Accrued charges and deferred income492/3€334€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€843€-14k▼
Operating profit (loss)9901€-14k€-29k▼
Financial income75/76B€10k€10k▲
Recurring financial income75€10k€10k▲
Financial charges65/66B€4k€22k▲
Recurring financial charges65€4k€22k▲
Profit (loss) for the period before taxes9903€-8k€-40k▼
Transfer from deferred taxes780-€91k
Income taxes67/77€320€74k▲
Profit (loss) for the period9904€-8k€-23k▼
Transfer from tax-exempt reserves789-€274k
Profit (loss) for the period to be appropriated9905€-8k€252k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€252k▲
Transfer from equity791/2€8k€0▼
Transfer to equity691/2-€252k
To other reserves6921-€252k
The notes to these accounts (12 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
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 116.51
Current ratio from 34.50 to 116.51; short-term debt falls from €17k to €5k.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €249k
Net result €249k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 91.24
Current ratio from 17.52 to 91.24; short-term debt falls from €14k to €7k.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 8current ratio 10.25
Current ratio from 1.31 to 10.25; short-term debt falls from €848k to €25k.
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2005
28-01
State Gazette act
General meeting · Capital increase
Capital · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Koksijde · 1 establishment unit since 1970
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.
Zonstraat(Kok) 288670 KoksijdeGround area
1,576 m²
Building footprint
331 m²
Volume, LiDAR
1,816 m³
Parcel 38343A0863/00Y006, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WDT BEHEER
since 19702.003.647.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343A0863/00Y006 | Flanders | 1,576 m² | 1 · 331 m² | 9.1 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.
Similar companies · same sector, comparable size
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BE 0768.707.677
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CHRISMARC
BE 0763.934.089
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MA CAMPAGNE GESTION
BE 0477.759.444
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BRILTOUR
BE 0524.963.505
Ieper · Eq €731k
Of 1,848 companies in sector 55204 we hold annual accounts for 444. 233 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1969
Fiscal year end31-12
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.