Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.9 to 3.6.
Financials
Financial year 2025
CASABULL from Ingelmunster, company number BE0424709253, closed financial year 2025 with a result of € 310,951 after tax. For that financial year CASABULL recorded a gross margin of € 872,729 and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 377,926 to € 310,951. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 2.9 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 310,951
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 399,541
▲ 106% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.8 million.
People and assets in 2025
3.6
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 280,358
▲ 7% vs 2024
€ 77,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 134,336
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 609,822
▼ 15% vs 2024
€ 106,279 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 88,500
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 51,234
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,062,002 | € 1,064,777 | € 821,725 | € 872,729 | ▲ 6% |
| Profit after taxes | € 455,521 | € 506,587 | € 377,926 | € 310,951 | ▼ 18% |
| Equity | € 2,678,936 | € 2,585,523 | € 2,563,448 | € 2,874,399 | ▲ 12% |
| Total debts | € 1,726,081 | € 1,510,219 | € 1,244,523 | € 749,709 | ▼ 40% |
| Cash | € 486,347 | € 505,305 | € 193,688 | € 399,541 | ▲ 106% |
| Land & buildings | € 1,495,809 | € 1,409,119 | € 1,322,428 | € 1,235,737 | ▼ 7% |
| Retained profit | € 2,616,936 | € 2,523,523 | € 2,501,448 | € 2,812,399 | ▲ 12% |
| Dividend | € 600,000 | € 600,000 | € 400,000 | € 0 | ▼ 100% |
| Bank debt | € 912,391 | € 814,175 | € 713,342 | € 609,822 | ▼ 15% |
| Balance sheet total | € 4,428,919 | € 4,117,806 | € 3,828,196 | € 3,642,494 | ▼ 5% |
| Employees (FTE) | 4.9 | 4.9 | 4.3 | 3.6 | ▼ 0.7 |
Key figures of CASABULL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CASABULL?
What happened at CASABULL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 310,951 (▼ 18% vs 2024). Source: NBB ↗
- Martine Casteleyn stepped down as director. NBB
- Paul Saelen stepped down as director. NBB
- Krist Casteleyn stepped down as director. NBB
- Katrien Casteleyn stepped down as director. NBB
- Martine Casteleyn became a director. NBB
- Paul Saelen became a director. NBB
- Krist Casteleyn became a director. NBB
In short
From € 455,521 profit in 2022 to € 310,951 profit in 2025.
Paid € 566,980 in corporate taxes since 2022.
Best year ever: 2023, with € 506,587 profit.
On average € 242,400 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Martine Casteleyn
Director
since 2020 · until 2026
Paul Saelen
Managing director
since 2020 · until 2026
Krist Casteleyn
Managing director
since 2020 · until 2026
Katrien Casteleyn
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Industrielaan 19
8770 Ingelmunster
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.709.253
- VAT number
- BE 0424.709.253
- Registered office
- Industrielaan 19, 8770 Ingelmunster
- Names & denominations
- CASABULL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 1983
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming
Vervaardiging van hijs-, hef- en transportwerktuigen
Vervaardiging van stoomketels, exclusief warmwaterketels voor centrale verwarming
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw
Groothandel in machines voor mijnbouw, de bouwnijverheid en de weg- en waterbouw