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Generated 12-07-2026
Active BE 0762.641.021Private limited company

CAZARI

Hofstraat 2 ·8970 Poperinge, Belgium· 5 yrs active
Sector: Real estate activities (68122)
Conclusion Checked

The computed 12-month bankruptcy probability of CAZARI is 0.6% (low). The 2025 annual accounts show equity of €373k and a net result of €961k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 506 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €373k
Net result €961k
Better than sector 48%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health68Profitability100Solvency25Growth78Stability94
73 / 100

Strong profile, led by profitability.

Health 68
Profitability 100
Solvency 25
Growth 78
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
68 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 25-02-2026 with the NBB · fiscal year 2025 · verkort
€0€500k€1.00M€1.50M€2.00MOperating result 2021: €281k€281kNet result 2021: €280k€280kOperating result 2022: €1.23M€1.23MNet result 2022: €1.10M€1.10MOperating result 2023: €1.96M€1.96MNet result 2023: €1.73M€1.73MOperating result 2024: €892k€892kNet result 2024: €838k€838kOperating result 2025: €1.05M€1.05MNet result 2025: €961k€961k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~52% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€200k€400k€600k€800k2021: €10k2022: €508k2023: €759k2024: €372k2025: €373k20212022202320242025
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 13.7% 14.7%
better than 48% of 506 sector peers
Net result €961k €6k
better than 95% of 506 sector peers
Equity €373k €134k
better than 64% of 506 sector peers
Gross operating margin €1.05M €78k
better than 91% of 505 sector peers
Total assets €2.72M €1.27M
better than 67% of 506 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€893k
-54.5% +160% vs sector
Net profit
€961k
+14.6% far above sector median
Cash flow
€839k
-51.6% far above sector median
Total assets
€2.72M
+33.1% -25% vs sector
Equity
€373k
+0.2% -42% vs sector
Working capital
€473k
+26.0% far above sector median
Income taxes
€143k
+8.9% far above sector median
Dividends
€410k
-45.0% far above sector median
Debt
€2.35M
+40.4% -22% vs sector
Debt ≤ 1y
€2.25M
+34.7% +6% vs sector
Current ratio
1.21
-1.2% +44% vs sector
Quick ratio
1.09
+32.7% +49% vs sector
Solvency
13.7%
-24.7% -19% vs sector
Debt / equity
6.29
+40.2% +28% vs sector
ROE
257.7%
+14.4% far above sector median
ROA
35.3%
-13.9% far above sector median
Interest coverage
319.38
+750.3% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€961k
Cash flow-
Staff costs-
Income taxes€143k
Dividends€410k
Total assets€2.72M
Equity€373k
Debt€2.35M
of which ≤ 1y€2.25M
of which > 1y-
Working capital€473k
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.21
Quick ratio1.09
Working capital ratio17.4%
Solvency13.7%
Debt / equity6.29
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA35.3%
ROE257.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.72M
Current assets 29/58€2.72M
Stocks & contracts in progress 3€272k
Amounts receivable within one year 40/41€2.16M
Cash & bank 54/58€284k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.72M
Equity 10/15€373k
Contributions / capital 10/11€10k
Reserves 13€363k
Amounts payable 17/49€2.35M
Amounts payable within one year 42/48€2.25M
Trade debts payable within one year 44€1.27M
Income statement
Gross operating margin 9900€1.05M
Operating result 9901€1.05M
Financial income 75€60k
Financial charges 65€3k
Result before taxes 9903€1.10M
Income taxes 67/77€143k
Net result for the period 9904€961k
Result to be appropriated 9905€961k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68122)
Legal form Private limited company(610)
Incorporation28-01-2021
StatusActive
Postal code8970
Establishment units 1 location
CAZARI
Hofstraat 2, 8970 PoperingeOntwikkeling van residentiële bouwprojecten
since 20212.312.727.052
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33021F0832/00T000 Flanders 175 m² 1 · 104 m² 3.9 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
25-02-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
05-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
04-03-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
04-04-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
25-01-2023
State Gazette act Director changes
2022
19-04-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
25-01-2023 2 directors appointed, 1 resigning Director changes
  • Jeroen Beeuwsaert, Vaste vertegenwoordiger
  • Klaas Pil, Vaste vertegenwoordiger
  • Jeroen Beeuwsaert, Vaste vertegenwoordiger
Technical details 
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      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "Bedoc BV",
        "address": "Bergstraat 1, 8800 Rumbeke",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-06-01",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
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    },
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        "address": "Nijverheidslaan 3, 8880 Ledegem",
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    {
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      "reason": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-01-25",
    "filing_date": "2023-01-16",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-11-03",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0762.641.021",
    "name_full": "Cazari",
    "legal_form": "BV"
  },
  "publication_proxy": {
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL CAZARI
Registered office
Hofstraat 2 bus 101
8970 Poperinge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative