Summary
KASTAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €78,672 and a net result of €3,881. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 5585 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
21 d early
2022
34 d early
2021
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€78,672▲ 5.2%
2024 · €74,791
Net result
€3,881▼ 79.0%
2024 · €18,486
Total assets
€200,737▼ 3.3%
2024 · €207,610
Solvency
39.2%▲ 3.2pp
2024 · 36.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€29,484-€28,561▼ 3.1%€28,757▲ 0.7%€28,284▼ 1.6%€9,448▼ 66.6%
Net result€15,502within the sector's middle half-€18,038within the sector's middle half▲ 16.4%€17,765within the sector's middle half▼ 1.5%€18,486within the sector's middle half▲ 4.1%€3,881below the sector's middle half▼ 79.0%
Equity€20,502below the sector's middle half-€38,540below the sector's middle half▲ 88.0%€56,305below the sector's middle half▲ 46.1%€74,791below the sector's middle half▲ 32.8%€78,672below the sector's middle half▲ 5.2%
Total assets€207,591below the sector's middle half-€200,729below the sector's middle half▼ 3.3%€200,474below the sector's middle half▼ 0.1%€207,610below the sector's middle half▲ 3.6%€200,737below the sector's middle half▼ 3.3%
Debt€187,089-€162,189▼ 13.3%€144,169▼ 11.1%€132,819▼ 7.9%€122,065▼ 8.1%
Working capital-€87,994within the sector's middle half--€99,947within the sector's middle half▼ 13.6%-€112,681within the sector's middle half▼ 12.7%-€124,822within the sector's middle half▼ 10.8%-€121,266within the sector's middle half▲ 2.8%
Solvency9.9%below the sector's middle half-19.2%below the sector's middle half▲ 9.3pp28.1%within the sector's middle half▲ 8.9pp36.0%within the sector's middle half▲ 7.9pp39.2%within the sector's middle half▲ 3.2pp
Current ratio0.08below the sector's middle half-0.01below the sector's middle half▼ 0.070.00below the sector's middle half=0.06below the sector's middle half▲ 0.050.01below the sector's middle half▼ 0.05
Return on assets (ROA)7.5%within the sector's middle half-9.0%within the sector's middle half▲ 1.5pp8.9%within the sector's middle half▼ 0.1pp8.9%within the sector's middle half=1.9%within the sector's middle half▼ 7.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,737
Fixed assets
€200,000 =
Current assets
€737 ▼ 90.3%
Equity and liabilities €200,737
Equity
€78,672 ▲ 5.2%
Debt
€122,065 ▼ 8.1%
Debt's share of the balance-sheet total falls from 64.0% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.9%▼
2024 · 24.7%
Debt ≤ 1 year
€122,003▼
2024 · €132,432
Income taxes
€1,713▼
2024 · €7,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €859 | €485 | €469 | €919 | €1,073 | ▲ 16.7% |
| Gross operating margin9900 | €30,343 | €29,047 | €29,226 | €29,204 | €10,521 | ▼ 64.0% |
| Operating profit (loss)9901 | €29,484 | €28,561 | €28,757 | €28,284 | €9,448 | ▼ 66.6% |
| Financial charges65/66B | €6,749 | €2,105 | €2,102 | €2,698 | €3,854 | ▲ 42.9% |
| Recurring financial charges65 | €6,749 | €2,105 | €2,102 | €2,698 | €3,854 | ▲ 42.9% |
| Profit (loss) for the period before taxes9903 | €22,736 | €26,456 | €26,655 | €25,587 | €5,594 | ▼ 78.1% |
| Income taxes67/77 | €7,234 | €8,418 | €8,890 | €7,100 | €1,713 | ▼ 75.9% |
| Profit (loss) for the period9904 | €15,502 | €18,038 | €17,765 | €18,486 | €3,881 | ▼ 79.0% |
| Profit (loss) for the period to be appropriated9905 | €15,502 | €18,038 | €17,765 | €18,486 | €3,881 | ▼ 79.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207,591 | €200,729 | €200,474 | €207,610 | €200,737 | ▼ 3.3% |
| Fixed assets21/28 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Financial fixed assets28 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Current assets29/58 | €7,591 | €729 | €474 | €7,610 | €737 | ▼ 90.3% |
| Amounts receivable within one year40/41 | €6,825 | - | - | €7,500 | - | - |
| Trade receivables40 | €6,825 | - | - | €7,500 | - | - |
| Cash at bank and in hand54/58 | €766 | €729 | €474 | €110 | €737 | ▲ 569% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207,591 | €200,729 | €200,474 | €207,610 | €200,737 | ▼ 3.3% |
| Equity10/15 | €20,502 | €38,540 | €56,305 | €74,791 | €78,672 | ▲ 5.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €15,502 | €33,540 | €51,305 | €69,791 | €73,672 | ▲ 5.6% |
| Distributable reserves133 | €15,502 | €33,540 | €51,305 | €69,791 | €73,672 | ▲ 5.6% |
| Amounts payable17/49 | €187,089 | €162,189 | €144,169 | €132,819 | €122,065 | ▼ 8.1% |
| Amounts payable after more than one year17 | €91,505 | €61,513 | €31,014 | - | - | - |
| Financial debts170/4 | €91,505 | €61,513 | €31,014 | - | - | - |
| Amounts payable within one year42/48 | €95,584 | €100,676 | €113,155 | €132,432 | €122,003 | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | €44,493 | €44,992 | €45,499 | €31,014 | - | - |
| Trade debts44 | €75 | €348 | €478 | €880 | €1,553 | ▲ 76.4% |
| Suppliers440/4 | €75 | €348 | €478 | €880 | €1,553 | ▲ 76.4% |
| Advances received on contracts in progress46 | - | - | - | €9,075 | - | - |
| Taxes, remuneration and social security45 | €13,935 | €17,205 | €18,857 | €16,010 | €31,494 | ▲ 96.7% |
| Taxes450/3 | €13,935 | €17,205 | €18,857 | €16,010 | €24,497 | ▲ 53.0% |
| Remuneration and social security454/9 | - | - | - | - | €6,996 | - |
| Other amounts payable47/48 | €37,082 | €38,132 | €48,321 | €75,452 | €88,957 | ▲ 17.9% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €62 | ▼ 84.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,502 | €18,038 | €17,765 | €18,486 | €3,881 | ▼ 79.0% |
| Operating cash flow (approximation) | €15,502 | €18,038 | €17,765 | €18,486 | €3,881 | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€37 | -€255 | -€364 | €627 | ▲ 272% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €3,881 ▼79%
Net result drops to €3,881, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2021net €18,486 ▲4.1%
Net result €18,486, the highest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2020
Ground area
798 m²
Building footprint
294 m²
Volume, LiDAR
4,551 m³
Parcel 71327G0232/00F005, Flanders · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
KASTAN
since 20202.305.794.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0232/00F005 | Flanders | 798 m² | 1 · 294 m² | 22.9 m · 6 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
95%
According to the 2025 annual accounts of KASTAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,712 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
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750632817
Also
9925:BE0750632817
Registered
28-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.