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 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
CASSIS from Braine-le-Château, company number BE0676848776, closed financial year 2023 with a result of € -1.5 million after tax. For that financial year CASSIS recorded revenue of € 20 million and equity of € -8.4 million. Compared with financial year 2022, the result moved from € -767,376 to € -1.5 million. The company made a loss. 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 August 31, 2023.
€ -8.4 million
▼ € 1.5 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 98 % more loss than in 2022
Profit after tax over the fiscal year.
€ 310,084
▼ 65% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.9 million.
People and assets in 2023
55.4
▲ 0.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 6% vs 2022
€ 41,500 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.
€ 2,036
▼ 55% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 3.5 million
▼ 38% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 443,782
▼ 56% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 17,130,661 | € 19,978,539 | ▲ 17% |
| Profit after taxes | € -767,376 | € -1,521,126 | ▼ € 753,750 |
| Equity | € -6,850,794 | € -8,371,920 | ▼ € 1.5 million |
| Total debts | € 18,005,004 | € 15,568,346 | ▼ 14% |
| Cash | € 876,001 | € 310,084 | ▼ 65% |
| Retained profit | € -7,350,794 | € -8,871,920 | ▼ € 1.5 million |
| Balance sheet total | € 11,233,359 | € 7,278,911 | ▼ 35% |
| Employees (FTE) | 55.3 | 55.4 | ▲ 0.1 |
Key figures of CASSIS, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 August 2024.
What happened to CASSIS?
What happened at CASSIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CASSIS is active according to the CBE. Legal situation: Opening faillissement.
- GAREO SARL stepped down as director. NBB
- MISOHAMA SA stepped down as director. NBB
- NAXIVAL SRL stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 1.5 million. Source: NBB ↗
- GAREO SARL became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Wijnegem. KBO
- New establishment in Kortrijk. KBO
In short
From € 767,376 loss in 2022 to € 1.5 million loss in 2023.
Paid € 57 in corporate taxes since 2022.
Pays suppliers within 68 days on average.
Management
The shares are held by MG FINANCES SA (99.9%) and MISOHAMA SA (0.1%).
Directors
According to the 2023 annual accounts
since 2017 · until 2023
Managing director · represented by Sophie MORILLION
since 2023 · until 2027
Director · represented by Bernard VAN BEEK
Also active at: LE SANGLIER DES ARDENNES, SANGLIER DES ARDENNES BY BRU, Adventure Valley Durbuy, Immo Sanglier des Ardennes, Orava, DURBUY SHOPPING, LPM2 SPORTHOTEL, GOLF DE DURBUY
since 2017 · until 2023
Shareholders
MG FINANCES SA · holding of MISOHAMA SA
99.9%
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Parc Industriel(W-B) 9
1440 Braine-le-Château
Turnhoutsebaan 5 box 57
2110 Wijnegem
Active since 1 August 2017
Ringlaan(Kor) 34 box 480A
8500 Kortrijk
Active since 1 August 2017
Rue Barbier 17
1300 Wavre
Active since 1 August 2017
Rue de la Franco-Belge(L.L) 28
7100 La Louvière
Active since 1 August 2017
Quai des Vennes 1 box 92
4020 Liège
Active since 1 August 2017
Rue de Marvis(TOU) 22 box 104
7500 Tournai
Active since 1 August 2017
Chaussée de Tongres 269 box 50
4000 Liège
Active since 1 August 2017
Keizer Karellaan 420 box 155
1082 Sint-Agatha-Berchem
Active since 1 August 2017
Rue des Grands Prés 1 box 47
7000 Mons
Active since 1 August 2017
Kapelstraat 100 box 89
9100 Sint-Niklaas
Active since 1 August 2017
Grétrystraat 12 box 28b
1000 Brussel
Active since 19 February 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0676.848.776
- VAT number
- BE 0676.848.776
- Registered office
- Parc Industriel(W-B) 9, 1440 Braine-le-Château
- Names & denominations
- CASSIS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 15 June 2017
- Peppol
- Not registered
- Activities · NACE
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