Summary
CASPEA 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 €133k and a net result of €147k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 490 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
10 d early
2023
on the day
2022
11 d early
2021
12 d late
2020
13 d late
2019
59 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€133k▼ 60.0%
2024 · €332k
2018: €-10k
2019: €15k
2020: €116k
2021: €200k
2022: €288k
2023: €300k
2024: €332k
2018 → 2025
Net result
€147k▲ 368%
2024 · €31k
2018: €5k
2019: €26k
2020: €100k
2021: €84k
2022: €88k
2023: €12k
2024: €31k
2018 → 2025
Total assets
€203k▼ 47.0%
2024 · €383k
2018: €151k
2019: €366k
2020: €224k
2021: €243k
2022: €320k
2023: €335k
2024: €383k
2018 → 2025
Solvency
65.2%▼ 21.3pp
2024 · 86.5%
2018: -6.7%
2019: 4.2%
2020: 51.8%
2021: 82.2%
2022: 90.0%
2023: 89.6%
2024: 86.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€212k-€216k▲ 1.8%€127k▼ 41.1%
Equity€200k-€288k▲ 44.2%€300k▲ 4.3%€332k▲ 10.5%€133k▼ 60.0%
Operating result€113k-€112k▼ 0.4%€8k▼ 93.0%€34k▲ 333%€196k▲ 471%
Net result€84k-€88k▲ 5.3%€12k▼ 86.0%€31k▲ 154%€147k▲ 368%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 471% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203k
Fixed assets
€3k
Current assets
€200k
Equity and liabilities €203k
Equity
€133k ▼ 60.0%
Debt
€71k ▲ 36.9%
Debt's share of the balance-sheet total rises from 13.5% to 34.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
110.9%▲
2024 · 9.5%
ROA
72.4%▲
2024 · 8.2%
Debt ≤ 1 year
€71k▲
2024 · €52k
Income taxes
€50k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€383k€203k▼
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€383k€200k▼
Amounts receivable within one year40/41€300k-
Other amounts receivable41€300k-
Current investments50/53€2k-
Cash at bank and in hand54/58€82k€200k▲
Deferred charges and accrued income490/1-€457
Equity and liabilities
Total equity and liabilities10/49€383k€203k▼
Equity10/15€332k€133k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€207k€8k▼
Non-distributable reserves130/1€231€8k▲
Legal reserve130€231€8k▲
Distributable reserves133€206k-
Amounts payable17/49€52k€71k▲
Amounts payable within one year42/48€52k€71k▲
Trade debts44€40k€55k▲
Suppliers440/4€40k€55k▲
Taxes, remuneration and social security45€12k€473▼
Taxes450/3€12k€473▼
Other amounts payable47/48-€15k
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€567€605▲
Gross operating margin9900€35k€198k▲
Operating profit (loss)9901€34k€196k▲
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€156€182▲
Recurring financial charges65€156€182▲
Profit (loss) for the period before taxes9903€43k€198k▲
Income taxes67/77€12k€50k▲
Profit (loss) for the period9904€31k€147k▲
Profit (loss) for the period to be appropriated9905€31k€147k▲
Appropriation of the result
Profit (loss) to be appropriated9906€206k€147k▼
Profit (loss) brought forward from the previous period14P€175k-
Transfer from equity791/2-€206k
Transfer to equity691/2€206k€7k▼
To the legal reserve6920-€7k
To other reserves6921€206k-
Profit to be distributed694/7-€346k
Return on contributions (dividend)694-€346k
The notes to these accounts (5 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Resignation: AGIFRA (director and managing director)Appointments: AGIFRA (director) and BUREAU LETECHEUR (director) · Permanent representatives: François Gillard and Renaud Letecheur · Name change15 facts ▸
State Gazette act
Resignation: AGIFRA (director and managing director)
Appointments: AGIFRA (director) and BUREAU LETECHEUR (director) · Permanent representatives: François Gillard and Renaud Letecheur · Name change15 facts ▸
- General meeting, 09 mars 2026
- Name change, CASPEA
- Purpose change, La société a pour objectif principal de fédérer des entrepreneurs opérant en tant qu’intermédiaires dans la distribution d’assurances au sein d’une communauté s…
- Capital decrease, €125.000
- Capital increase, €40.000
- Bank account, Crelan
- Legal-form conversion, Société Coopérative
- Net-asset statement, 31 décembre 2025
- Director resignation, AGIFRA (director and managing director)
- Director discharge, AGIFRA
- Director appointment, AGIFRA (director)
- Permanent representative, François Gillard
- +3 further facts in this act
2025
31-12
Financial
Highest result since 2018net €147k ▲368%
Operating result €196k, net result €147k, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €288k ▲44.2%
5 profitable years in a row build equity to €288k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
31-12
Financial
Equity above €150kEq €200k ▲72.4%
4 profitable years in a row build equity to €200k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.25
Current ratio from 1.37 to 4.25; short-term debt falls from €267k to €53k.
31-12
Financial
Equity above €100kEq €116k ▲649%
3 profitable years in a row build equity to €116k.
Show earlier events
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 43 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
AGIFRA
CurrentDirector · since 20-03-2026 · Public limited company · perm. rep.: François Gillard
Bureau Letêcheur
CurrentDirector · since 20-03-2026 · Public limited company · perm. rep.: Renaud Letecheur
20-03-2026
AGIFRA: Appointed as Director
20-03-2026
Bureau Letêcheur: Appointed as Director
09-03-2026
AGIFRA: Resigned as Director and managing director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2003
Ground area
910 m²
Building footprint
431 m²
Volume, LiDAR
5,983 m³
Parcel 25072B0196/03B000, Wallonia · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Mont Saint-Roch 6, 1400 Nivelles
since 20032.114.241.395
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25072B0196/03B000 | Wallonia | 910 m² | 1 · 431 m² | 16.5 m · 5 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.
Structure & network
Capital and shareholders
Shareholders according to the acts
After the capital increase
act of 20-03-2026 ↗
- AGIFRA (BE 0437.717.448) 18 shares
- BUREAU LETECHEUR (BE 0419.426.614) 1 share
- IDELIAS (BE 0735.376.301) 1 share
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 20-03-2026 Capital reduction of 125,000 EUR · to 0 EUR
- 20-03-2026 Capital increase of 40,000 EUR · to 40,000 EUR · 20 new shares
Recognitions · licences · registrations
Legal Entity Identifier
6488K6G2EF8VT60H4149
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Of 4,677 companies in sector 66220 we hold annual accounts for 3,221. 2,789 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded16-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.