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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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.6 to 2.7.
Financials
Financial year 2025
CASSOULET from Waregem, company number BE0880398625, closed financial year 2025 with a result of € 111,293 after tax. For that financial year CASSOULET recorded a gross margin of € 402,979 and equity of € 215,474. Compared with financial year 2024, the result moved from € 157,266 to € 111,293. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 16, 2026.
€ 215,474
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 111,293
▼ 29% vs 2024
Profit after tax over the fiscal year.
€ 123,575
▲ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.7
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 123,428
▼ 20% vs 2024
€ 45,700 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.
€ 43,619
▲ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 630,199
▼ 11% vs 2024
€ 92,749 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 127,760
▲ € 100,286 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,980
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 365,762 | € 230,334 | € 460,800 | € 402,979 | ▼ 13% |
| Profit after taxes | € 133,832 | € -86,760 | € 157,266 | € 111,293 | ▼ 29% |
| Equity | € 301,225 | € 214,464 | € 354,180 | € 215,474 | ▼ 39% |
| Total debts | € 575,264 | € 1,180,700 | € 918,811 | € 1,124,754 | ▲ 22% |
| Cash | € 189,780 | € 90,065 | € 84,112 | € 123,575 | ▲ 47% |
| Land & buildings | € 500,940 | € 1,074,730 | € 1,016,055 | € 956,771 | ▼ 6% |
| Retained profit | € 282,675 | € 195,914 | € 353,180 | € 214,474 | ▼ 39% |
| Dividend | € 22,629 | € 0 | € 0 | € 250,000 | |
| Bank debt | € 200,095 | € 793,115 | € 709,587 | € 630,199 | ▼ 11% |
| Balance sheet total | € 876,488 | € 1,395,164 | € 1,272,992 | € 1,340,228 | ▲ 5% |
| Employees (FTE) | 5.1 | 5.6 | 4.2 | 2.7 | ▼ 1.5 |
Key figures of CASSOULET, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CASSOULET?
What happened at CASSOULET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 111,293 (▼ 29% vs 2024). Source: NBB ↗
- Olivier Batsleer stepped down as director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 133,832 profit in 2022 to € 111,293 profit in 2025.
Paid € 70,202 in corporate taxes since 2022.
Best year ever: 2024, with € 157,266 profit.
On average € 149,300 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CASSOULET are Joca Group nv and Jade Vercautere. Jade Vercautere is also behind Joca Group.
Directors
According to the 2025 annual accounts
Director · represented by Olivier Batsleer
· until 2025
Establishments
Establishment units
Physical locations of this company
Zultseweg 4
8790 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0880.398.625
- VAT number
- BE 0880.398.625
- Registered office
- Zultseweg 4, 8790 Waregem
- Names & denominations
- CASSOULET
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2006
- Peppol
- Active · Active since 22 Sept 2025
- Activities · NACE
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Detailhandel in vlees en vleeswaren
Handelsbemiddeling in de groothandel in voedings- en genotmiddelen
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in groenten en fruit
Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)
Markt- en straathandel in voedingsmiddelen
Overige niet-gespecialiseerde detailhandel in winkels in overwegend voedings- en genotmiddelen
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