Summary
CASTELMORE GROUP 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 €12.22M and a net result of €-1.21M. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 2399 sector peers (fiscal year 2025). The company has been active since 2018 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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
6 d early
2022
52 d late
2021
29 d late
2020
17 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, statutory accounts
Equity
€12.22M=
2023 · €12.21M
2019: €9.67M
2020: €9.36M▼ -3.2% vs 2019
2021: €7.30M▼ -22.1% vs 2020lowest value
2022: €14.16M▲ +94.1% vs 2021highest value
2023: €12.21M▼ -13.8% vs 2022
2025: €12.22M
2019 → 2025
Net result
€-1.21M▲ 37.9%
2023 · €-1.95M
2019: €-823k
2020: €-307k▲ +62.7% vs 2019
2021: €-2.07M▼ -574% vs 2020lowest value
2022: €6.87M▲ +432% vs 2021highest value
2023: €-1.95M▼ -128% vs 2022
2025: €-1.21M
2019 → 2025
Total assets
€34.66M▲ 9.9%
2023 · €31.54M
2019: €23.11M
2020: €22.32M▼ -3.4% vs 2019lowest value
2021: €24.44M▲ +9.5% vs 2020
2022: €32.84M▲ +34.3% vs 2021
2023: €31.54M▼ -4.0% vs 2022
2025: €34.66Mhighest value
2019 → 2025
Solvency
35.2%▼ 3.5pp
2023 · 38.7%
2019: 41.8%
2020: 42.0%▲ +0.3% vs 2019
2021: 29.8%▼ -28.9% vs 2020lowest value
2022: 43.1%▲ +44.5% vs 2021highest value
2023: 38.7%▼ -10.2% vs 2022
2025: 35.2%
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€1.23M-€6k€801k▲ 12,943%
2020: €1.23Mhighest value
2022: €6klowest value
2023: €801k▲ +12943% vs 2022
Equity€9.36M-€7.30M▼ 22.1%€14.16M▲ 94.1%€12.21M▼ 13.8%€12.22M=
2020: €9.36M
2021: €7.30M▼ -22.1% vs 2020lowest value
2022: €14.16M▲ +94.1% vs 2021highest value
2023: €12.21M▼ -13.8% vs 2022
2025: €12.22M
Operating result€-89k-€-896k▼ 903%€10.37M€-1.59M€-410k▲ 74.3%
2020: €-89k
2021: €-896k▼ -903% vs 2020
2022: €10.37M▲ +1258% vs 2021highest value
2023: €-1.59M▼ -115% vs 2022lowest value
2025: €-410k
Net result€-307k-€-2.07M▼ 574%€6.87M€-1.95M€-1.21M▲ 37.9%
2020: €-307k
2021: €-2.07M▼ -574% vs 2020lowest value
2022: €6.87M▲ +432% vs 2021highest value
2023: €-1.95M▼ -128% vs 2022
2025: €-1.21M
Result per fiscal year
Operating resultNet result
The operating result is €-410k in 2025, compared with €-1.59M in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €34.58M
Fixed assets
€23.89M ▲ 5.7%
Current assets
€10.69M ▲ 19.7%
Equity and liabilities €34.66M
Equity
€12.22M =
Debt
€22.44M ▲ 16.1%
Debt's share of the balance-sheet total rises from 61.3% to 64.8%. Debt is higher.
Key figures and ratios
ROE
-9.9%▲
2023 · -16.0%
ROA
-3.5%▲
2023 · -6.2%
Debt ≤ 1 year
€9.12M▼
2023 · €16.90M
Debt > 1 year
€13.29M▲
2023 · €2.30M
Income taxes
€451▼
2023 · €589
Staff costs
€272k▲
2023 · €221k
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 2023 · 88 lines
Balance sheet
Code20232025
Assets
Total assets20/58€31.54M€34.66M▲
Formation expenses20-€78k
Fixed assets21/28€22.61M€23.89M▲
Intangible fixed assets21€17k€4k▼
Tangible fixed assets22/27€2.86M€2.66M▼
Land and buildings22€2.79M€2.61M▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€47k€25k▼
Other tangible fixed assets26€20k€20k=
Financial fixed assets28€19.73M€21.23M▲
Affiliated companies280/1€19.72M-
Participating interests280€19.72M-
Companies linked by participating interests282/3€4k-
Participating interests282€4k-
Current assets29/58€8.93M€10.69M▲
Amounts receivable after more than one year29€300k€2.08M▲
Trade receivables290€300k€0▼
Other amounts receivable291-€2.08M
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€8.55M€8.56M▲
Trade receivables40€1.99M€243k▼
Other amounts receivable41€6.56M€8.32M▲
Cash at bank and in hand54/58€7k€46k▲
Deferred charges and accrued income490/1€68k€3k▼
Equity and liabilities
Total equity and liabilities10/49€31.54M€34.66M▲
Equity10/15€12.21M€12.22M=
Contributions10/11€10.49M€10.58M▲
Capital10€10.49M€10.58M▲
Issued capital100€10.49M€10.58M▲
Reserves13€343k€1.64M▲
Non-distributable reserves130/1€343k€467k▲
Legal reserve130€343k€467k▲
Distributable reserves133-€1.17M
Profit (loss) carried forward14€1.38M-
Amounts payable17/49€19.32M€22.44M▲
Amounts payable after more than one year17€2.30M€13.29M▲
Financial debts170/4€2.30M€11.49M▲
Subordinated loans170€1.35M-
Credit institutions173€75k-
Other loans174€869k-
Other amounts payable178/9€5k€1.80M▲
Amounts payable within one year42/48€16.90M€9.12M▼
Current portion of amounts payable after more than one year42€4.87M€735k▼
Financial debts43€6k€2k▼
Credit institutions430/8€6k€2k▼
Trade debts44€387k€94k▼
Suppliers440/4€387k€94k▼
Taxes, remuneration and social security45€86k€43k▼
Taxes450/3€36k€16k▼
Remuneration and social security454/9€50k€27k▼
Other amounts payable47/48€11.56M€8.25M▼
Accrued charges and deferred income492/3€120k€30k▼
Income statement
Code20232025
Operating income70/76A€837k-
Turnover70€801k-
Other operating income74€16k-
Non-recurring operating income76A€20k€73k▲
Operating charges60/66A€2.43M-
Services and other goods61€1.18M-
Remuneration, social security and pensions62€221k€272k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€127k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€610k-
Other operating charges640/8€47k€32k▼
Non-recurring operating charges66A€255k€5k▼
Gross operating margin9900-€26k
Operating profit (loss)9901€-1.59M€-410k▲
Financial income75/76B€147k€199k▲
Recurring financial income75€147k€199k▲
Income from financial fixed assets750€147k-
Other financial income752/9€2-
Financial charges65/66B€505k€1.00M▲
Recurring financial charges65€465k€1.00M▲
Debt charges650€450k-
Other financial charges652/9€15k-
Non-recurring financial charges66B€40k-
Profit (loss) for the period before taxes9903€-1.95M€-1.21M▲
Transfer from deferred taxes780-€0
Income taxes67/77€589€451▼
Taxes670/3€589-
Profit (loss) for the period9904€-1.95M€-1.21M▲
Transfer from tax-exempt reserves789-€0
Profit (loss) for the period to be appropriated9905€-1.95M€-1.21M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.38M€-1.21M▼
Profit (loss) brought forward from the previous period14P€3.33M€0▼
Transfer from equity791/2-€1.21M
Transfer to equity691/2€0€0=
To the legal reserve6920€0€0=
To other reserves6921-€0
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €913k | €11.54M | €837k | - | - |
| Turnover70 | €1.23M | - | €6k | €801k | - | - |
| Other operating income74 | - | €913k | €676k | €16k | - | - |
| Non-recurring operating income76A | - | - | €10.85M | €20k | €73k | - |
| Operating charges60/66A | - | €1.81M | €1.16M | €2.43M | - | - |
| Services and other goods61 | - | €1.13M | €799k | €1.18M | - | - |
| Remuneration, social security and pensions62 | - | €285k | €207k | €221k | €272k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101k | €105k | €111k | €112k | €127k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €610k | - | - |
| Other operating charges640/8 | - | €10k | €45k | €47k | €32k | - |
| Non-recurring operating charges66A | - | €281k | - | €255k | €5k | - |
| Gross operating margin9900 | - | - | - | - | €26k | - |
| Operating profit (loss)9901 | €-89k | €-896k | €10.37M | €-1.59M | €-410k | - |
| Financial income75/76B | - | €129k | €261 | €147k | €199k | - |
| Recurring financial income75 | €153k | €129k | €261 | €147k | €199k | - |
| Income from financial fixed assets750 | - | €118k | - | €147k | - | - |
| Income from current assets751 | - | €10k | - | - | - | - |
| Other financial income752/9 | - | - | €261 | €2 | - | - |
| Financial charges65/66B | - | €1.30M | €3.51M | €505k | €1.00M | - |
| Recurring financial charges65 | €254k | €331k | €660k | €465k | €1.00M | - |
| Debt charges650 | €254k | €60k | €651k | €450k | - | - |
| Other financial charges652/9 | - | €272k | €9k | €15k | - | - |
| Non-recurring financial charges66B | - | €968k | €2.85M | €40k | - | - |
| Profit (loss) for the period before taxes9903 | €-307k | €-2.07M | €6.87M | €-1.95M | €-1.21M | - |
| Transfer from deferred taxes780 | - | - | - | - | €0 | - |
| Income taxes67/77 | - | €2k | €565 | €589 | €451 | - |
| Taxes670/3 | - | €2k | €565 | €589 | - | - |
| Profit (loss) for the period9904 | €-307k | €-2.07M | €6.87M | €-1.95M | €-1.21M | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0 | - |
| Profit (loss) for the period to be appropriated9905 | €-307k | €-2.07M | €6.87M | €-1.95M | €-1.21M | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.32M | €24.44M | €32.84M | €31.54M | €34.66M | - |
| Formation expenses20 | - | - | - | - | €78k | - |
| Fixed assets21/28 | €12.27M | €14.45M | €24.22M | €22.61M | €23.89M | - |
| Intangible fixed assets21 | €12k | €29k | €24k | €17k | €4k | - |
| Tangible fixed assets22/27 | €3.15M | €3.06M | €2.96M | €2.86M | €2.66M | - |
| Land and buildings22 | - | €2.97M | €2.88M | €2.79M | €2.61M | - |
| Plant, machinery and equipment23 | - | €2k | €4k | €4k | €2k | - |
| Furniture and vehicles24 | - | €69k | €55k | €47k | €25k | - |
| Other tangible fixed assets26 | - | €20k | €20k | €20k | €20k | - |
| Financial fixed assets28 | €9.11M | €11.36M | €21.24M | €19.73M | €21.23M | - |
| Affiliated companies280/1 | - | €11.36M | €21.24M | €19.72M | - | - |
| Participating interests280 | - | €11.36M | €21.24M | €19.72M | - | - |
| Companies linked by participating interests282/3 | - | - | - | €4k | - | - |
| Participating interests282 | - | - | - | €4k | - | - |
| Current assets29/58 | €10.04M | €9.99M | €8.61M | €8.93M | €10.69M | - |
| Amounts receivable after more than one year29 | - | €154k | €154k | €300k | €2.08M | - |
| Trade receivables290 | - | €154k | €154k | €300k | €0 | - |
| Other amounts receivable291 | - | - | - | - | €2.08M | - |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €7.44M | €9.33M | €8.38M | €8.55M | €8.56M | - |
| Trade receivables40 | - | €1.66M | €1.87M | €1.99M | €243k | - |
| Other amounts receivable41 | - | €7.67M | €6.51M | €6.56M | €8.32M | - |
| Cash at bank and in hand54/58 | €556k | €423k | €9k | €7k | €46k | - |
| Deferred charges and accrued income490/1 | - | €79k | €69k | €68k | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.32M | €24.44M | €32.84M | €31.54M | €34.66M | - |
| Equity10/15 | €9.36M | €7.30M | €14.16M | €12.21M | €12.22M | - |
| Contributions10/11 | €10.49M | €10.49M | €10.49M | €10.49M | €10.58M | - |
| Capital10 | - | €10.49M | €10.49M | €10.49M | €10.58M | - |
| Issued capital100 | - | €10.49M | €10.49M | €10.49M | €10.58M | - |
| Reserves13 | - | - | €343k | €343k | €1.64M | - |
| Non-distributable reserves130/1 | - | - | €343k | €343k | €467k | - |
| Legal reserve130 | - | - | €343k | €343k | €467k | - |
| Distributable reserves133 | - | - | - | - | €1.17M | - |
| Profit (loss) carried forward14 | €-1.13M | €-3.20M | €3.33M | €1.38M | - | - |
| Amounts payable17/49 | €12.95M | €17.15M | €18.67M | €19.32M | €22.44M | - |
| Amounts payable after more than one year17 | €5.37M | €5.39M | €4.66M | €2.30M | €13.29M | - |
| Financial debts170/4 | - | €5.38M | €4.66M | €2.30M | €11.49M | - |
| Subordinated loans170 | - | €1.68M | €1.40M | €1.35M | - | - |
| Credit institutions173 | - | €2.81M | €2.40M | €75k | - | - |
| Other loans174 | - | €893k | €851k | €869k | - | - |
| Other amounts payable178/9 | - | €5k | €5k | €5k | €1.80M | - |
| Amounts payable within one year42/48 | €7.58M | €11.76M | €13.89M | €16.90M | €9.12M | - |
| Current portion of amounts payable after more than one year42 | - | €2.74M | €3.37M | €4.87M | €735k | - |
| Financial debts43 | - | - | - | €6k | €2k | - |
| Credit institutions430/8 | - | - | - | €6k | €2k | - |
| Trade debts44 | €152k | €90k | €142k | €387k | €94k | - |
| Suppliers440/4 | - | €90k | €142k | €387k | €94k | - |
| Taxes, remuneration and social security45 | - | €113k | €39k | €86k | €43k | - |
| Taxes450/3 | - | €86k | €9k | €36k | €16k | - |
| Remuneration and social security454/9 | - | €26k | €30k | €50k | €27k | - |
| Other amounts payable47/48 | - | €8.81M | €10.34M | €11.56M | €8.25M | - |
| Accrued charges and deferred income492/3 | - | - | €120k | €120k | €30k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-307k | €-2.07M | €6.87M | €-1.95M | €-1.21M | - |
| + Depreciation and write-downs630 | €101k | €105k | €111k | €112k | €127k | - |
| Operating cash flow (approximation) | €-206k | €-1.96M | €6.98M | €-1.84M | €-1.09M | - |
| Investment in fixed assets (approximation) | - | €-2.28M | €-9.88M | €1.51M | - | - |
| Change in cash | - | €-132k | €-415k | €-1k | - | - |
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
11-09
State Gazette act
General meeting · Merger
Accounting effect · Declaration
01-09
State Gazette act
General meeting · Merger
Accounting effect · Declaration
01-09
State Gazette act
General meeting · Merger
Asset distribution · Accounting effect
31-08
State Gazette act
General meeting · Merger
Accounting effect · Declaration
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.53 to 1.17; short-term debt falls from €16.90M to €9.12M.
25-08
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 52 days late
11-01
State Gazette act
General meeting · Board meeting
Director resignation · Board composition
Show earlier events
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 52 days late
09-06
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
09-06
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2022
31-12
Financial
Back to profitnet €6.87M
Net result €6.87M after 3 loss-making years.
31-12
Financial
Equity above €10MEq €14.16M ▲94.1%
Equity rises from €7.30M to €14.16M.
10-10
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 29 days late
18-01
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
2021
31-12
Financial
Weakest financial yearnet €-2.07M
Net result drops to €-2.07M, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 17 days late
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
04-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
09-03
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
09-03
State Gazette act
General meeting · Auditor appointment
Director appointment · Permanent representative
05-03
State Gazette act
General meeting · Auditor appointment
Director appointment · Permanent representative
2020
25-06
State Gazette act
General meeting · Statutes amendment
Reserve release · Corporate purpose
19-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2019
27-08
State Gazette act
General meeting · Demerger
Real estate · Incorporation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Antwerpen · 1 establishment unit since 2018
Ground area
475 m²
Building footprint
170 m²
Volume, LiDAR
2,444 m³
Parcel 11806F1488/00T008, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
CASTELMORE GROUP
since 20182.275.570.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1488/00T008 | Flanders | 475 m² | 1 · 170 m² | 18.1 m · 5 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
Connections & network
8 connected companiesThis company
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Director
Shareholding
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Ownership & control
7 board mandatesBoard mandates of this companythis company sits on their board7
1 location
1 location
1 location
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Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 216 EUR awarded · 178 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 178 EUR |
| 2023 | 1 | 216 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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BE 0747.904.741
Lokeren · Eq €12,194,023
GRASSI
BE 0442.713.740
Asse · Eq €12,191,975
FZ IMMO
BE 0803.538.003
Charleroi · Eq €12,248,387
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 5,461 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.