KASKAS
BankruptcyThe KBO register records for KASKAS the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €485k and a net result of €168k.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €485k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
49 d late
2022
217 d late
2021
515 d late
2020
191 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€485k▲ 53.1%
2023 · €317k
2020: €111k
2021: €111k
2022: €217k
2023: €317k
2020 → 2024
Total assets
€1.30M▲ 65.5%
2023 · €784k
2020: €284k
2021: €320k
2022: €449k
2023: €784k
2020 → 2024
Net result
€168k▲ 68.0%
2023 · €100k
2020: €105k
2021: €-90
2022: €106k
2023: €100k
2020 → 2024
Working capital
€428k▲ 45.2%
2023 · €295k
2020: €94k
2021: €95k
2022: €202k
2023: €295k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€111k-€111k▼ 0.1%€217k▲ 95.7%€317k▲ 46.2%€485k▲ 53.1%
Operating result€137k-€-543€138k€113k▼ 17.6%€239k▲ 111%
Net result€105k-€-90€106k€100k▼ 5.4%€168k▲ 68.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 111% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.30M
Fixed assets
€143k▲ 541%
Current assets
€1.15M▲ 51.6%
Equity and liabilities €1.30M
Equity
€485k▲ 53.1%
Debt
€813k▲ 74.0%
The debt ratio rises from 59.6% to 62.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€268k▲
2023 · €122k
Cash flow
€197k▲
2023 · €108k
Solvency
37.4%▼
2023 · 40.4%
Current ratio
1.59▼
2023 · 1.63
Quick ratio
1.59▼
2023 · 1.63
Debt / equity
1.68▲
2023 · 1.47
ROE
34.7%▲
2023 · 31.6%
ROA
13.0%▲
2023 · 12.8%
Interest coverage
7.45▼
2023 · 246.72
Debt
€813k▲
2023 · €467k
Debt ≤ 1 year
€727k▲
2023 · €467k
Debt > 1 year
€86k
Income taxes
€84k▲
2023 · €39k
Staff costs
€1.40M▲
2023 · €789k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€784k€1.30M▲
Fixed assets21/28€22k€143k▲
Tangible fixed assets22/27€22k€142k▲
Furniture and vehicles24€22k€16k▼
Leasing and similar rights25-€127k
Financial fixed assets28-€1k
Current assets29/58€762k€1.15M▲
Amounts receivable within one year40/41€748k€1.14M▲
Trade receivables40€53k€183k▲
Other amounts receivable41€694k€955k▲
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€3k€12k▲
Equity and liabilities
Total equity and liabilities10/49€784k€1.30M▲
Equity10/15€317k€485k▲
Contributions10/11€6k€6k=
Outside capital11-€6k
Other1109/19-€6k
Profit (loss) carried forward14€311k€479k▲
Amounts payable17/49€467k€813k▲
Amounts payable after more than one year17-€86k
Financial debts170/4-€86k
Amounts payable within one year42/48€467k€727k▲
Current portion of amounts payable after more than one year42-€25k
Trade debts44€311k€382k▲
Suppliers440/4€311k€382k▲
Taxes, remuneration and social security45€156k€321k▲
Taxes450/3€81k€207k▲
Remuneration and social security454/9€75k€114k▲
Income statement
Code20232024
Remuneration, social security and pensions62€789k€1.40M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€29k▲
Other operating charges640/8€8k€19k▲
Gross operating margin9900€919k€1.69M▲
Operating profit (loss)9901€113k€239k▲
Financial income75/76B€27k€49k▲
Recurring financial income75€26k€49k▲
Non-recurring financial income76B€400-
Financial charges65/66B€493€36k▲
Recurring financial charges65€493€36k▲
Profit (loss) for the period before taxes9903€140k€252k▲
Income taxes67/77€39k€84k▲
Profit (loss) for the period9904€100k€168k▲
Profit (loss) for the period to be appropriated9905€100k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€311k€479k▲
Profit (loss) brought forward from the previous period14P€211k€311k▲
Social balance
Average headcount (FTE)908720.635.2▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-12
Financial
Highest result since 2020net €168k ▲68%
Operating result €239k, net result €168k, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 49 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 217 days late
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 515 days late
2022
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
31-12
Financial
Equity above €200kEq €217k ▲95.7%
Equity rises from €111k to €217k.
07-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 191 days late
2021
31-12
Financial
Weakest financial yearnet €-90 ▼100%
Net result drops to €-90, the lowest in the series.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2019
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.
Neuseplein 129000 GentGround area
74 m²
Building footprint
92 m²
Volume, LiDAR
1,024 m³
Parcel 44021A3067/00M003, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KASKAS
since 20192.290.014.008
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3067/00M003 | Flanders | 74 m² | 1 · 92 m² | 13.8 m · 4 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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B-MAR
BE 0820.959.104
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Of 595 companies in sector 10111 we hold annual accounts for 327. 217 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-2019
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
43110Demolition
43120Site preparation
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43410Roofing work
43422Screed work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.