Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CAS from Essen, company number BE0480054681, closed financial year 2025 with a result of € 7,465 after tax. For that financial year CAS recorded a gross margin of € 11,783 and equity of € -1.9 million. Compared with financial year 2024, the result moved from € -12,981 to € 7,465. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ -1.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,465
▲ still € 12,981 loss in 2024
Profit after tax over the fiscal year.
€ 434
▼ 99% 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 € -1.9 million.
Debts at end 2025
€ 1.1 million
Loans from banks and other lenders, long and short.
€ 1.6 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 195
▲ 245% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 55,002 | € -5,664 | € -1,716 | € 11,783 | ▲ € 13,499 |
| Profit after taxes | € 40,619 | € -19,347 | € -12,981 | € 7,465 | ▲ € 20,446 |
| Equity | € -1,838,388 | € -1,857,735 | € -1,870,716 | € -1,863,251 | |
| Total debts | € 2,551,631 | € 2,548,039 | € 2,698,163 | € 2,733,508 | ▲ 1% |
| Cash | € 2,249 | € 12,459 | € 57,139 | € 434 | ▼ 99% |
| Land & buildings | € 66,879 | € 60,916 | € 53,333 | € 52,177 | ▼ 2% |
| Retained profit | € -1,856,988 | € -1,876,335 | € -1,891,176 | € -1,883,711 | |
| Bank debt | € 1,216,160 | € 1,145,929 | € 1,103,656 | € 1,103,656 | |
| Balance sheet total | € 713,243 | € 690,303 | € 827,446 | € 870,257 | ▲ 5% |
Key figures of CAS, 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 CAS?
What happened at CAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,465. Source: NBB ↗
- Jef QUIRIJNEN became a director. NBB
- New establishment in Essen. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,619 profit in 2022 to € 7,465 profit in 2025.
Best year ever: 2022, with € 40,619 profit.
Management
Behind CAS is Jef QUIRIJNEN.
Directors
According to the 2025 annual accounts
Jef QUIRIJNEN
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Moerkantsebaan 146
2910 Essen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.054.681
- VAT number
- BE 0480.054.681
- Registered office
- Moerkantsebaan 146, 2910 Essen
- Names & denominations
- CAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 2003
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
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