Cassonade vzw

Active

Non-profit associationfounded 20215 yrs activeManchesterstraat 25, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0770.702.909

Cassonade vzw has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €17k. Its solvency ranks better than 44% of 13306 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2025

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability96▲+96

Solvency48▲+48

Growth78

Track record94

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.07 against 0.54 in 2024; short-term debt: 76.4% and cash: 62% of total assets), and 76.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.2%

Return on assets

32.8%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

11 d late

2024

4 d late

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€113k

EBIT margin

15.4%

Net result

€17k

2024 · €-36k

2024: €-36k

2024 → 2025

Working capital

€3k

2024 · €-8k

2024: €-8k

2024 → 2025

Multi-year overview

Available amounts per fiscal year

Line20242025Trend

Turnover€113k

Equity€-5k-€12k

Operating result€-36k-€17k

Net result€-36k-€17k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €17k after a loss of €36k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €52k

18.5%

81.5%

Fixed assets €10k▲ 238%

Current assets €42k▲ 370%

Equity and liabilities €52k

23.2%

76.8%

Equity €12k

Debt €40k

Debt finances 76.8% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€19k▲

2024 · €-36k

Cash flow

€19k▲

2024 · €-36k

Solvency

23.2%▲

2024 · -42.0%

Current ratio

1.07▲

2024 · 0.54

Quick ratio

0.95▲

2024 · 0.33

Debt / equity

3.31▲

2024 · -3.38

ROE

141.3%

ROA

32.8%▲

2024 · -305.5%

Interest coverage

61.63▲

2024 · -76.22

Debt

€40k▲

2024 · €17k

Debt ≤ 1 year

€40k▲

2024 · €17k

Staff costs

€96k▲

2024 · €52k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€12k€52k▲

Fixed assets21/28€3k€10k▲

Tangible fixed assets22/27€3k€10k▲

Plant, machinery and equipment23€3k€10k▲

Current assets29/58€9k€42k▲

Stocks and contracts in progress3€4k€5k▲

Stocks30/36€4k€5k▲

Amounts receivable within one year40/41€3k€5k▲

Trade receivables40€2k€4k▲

Other amounts receivable41€1k€1k▲

Cash at bank and in hand54/58€2k€32k▲

Equity and liabilities

Total equity and liabilities10/49€12k€52k▲

Equity10/15€-5k€12k▲

Profit (loss) carried forward14€-5k€12k▲

Amounts payable17/49€17k€40k▲

Amounts payable within one year42/48€17k€40k▲

Trade debts44€9k€1k▼

Suppliers440/4€9k€1k▼

Taxes, remuneration and social security45€2k€13k▲

Remuneration and social security454/9€2k€13k▲

Other amounts payable47/48€5k-

Accrued charges and deferred income492/3-€218

Income statement Code20242025

Turnover70-€113k

Goods, raw materials, services and sundry goods60/61-€130k

Remuneration, social security and pensions62€52k€96k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€262€2k▲

Other operating charges640/8€550€204▼

Gross operating margin9900€17k€115k▲

Operating profit (loss)9901€-36k€17k▲

Financial income75/76B€306-

Recurring financial income75€306-

Financial charges65/66B€470€308▼

Recurring financial charges65€470€308▼

Profit (loss) for the period before taxes9903€-36k€17k▲

Profit (loss) for the period9904€-36k€17k▲

Profit (loss) for the period to be appropriated9905€-36k€17k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-5k€12k▲

Profit (loss) brought forward from the previous period14P€31k€-5k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 11 days late

2025

31-12

Financial Back to profitnet €17k

Net result €17k after one loss-making year.

04-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 4 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Sint-Jans-Molenbeek · 2 establishment units since 2022

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Manchesterstraat 251080 Sint-Jans-Molenbeek

Ground area

2,781 m²

Building footprint

1,358 m²

Volume, LiDAR

12,434 m³

2 parcels, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

Manchesterstraat 25, 1080 Sint-Jans-Molenbeek

Food and beverage service activities

since 20222.338.513.513

Kortrijkstraat 47, 1080 Sint-Jans-Molenbeek

Full-service restaurants

since 20252.374.679.665

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21523B0764/00D003	Brussels	2,204 m²	1 · 926 m²	15.1 m · 2 fl.
21523B0939/00F100	Brussels	577 m²	1 · 432 m²	16.9 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Federal government

2023 · 1 entry · 48,000 EUR in total

Year	Department	Transactions	Amount
2023	FOD Justitie	1	48,000 EUR

Budget allocations

Toelagen aan privé-organisaties in het kader van de diversiteit, de interculturaliteit en de gelijkheid van kansen

1 entry · 48,000 EUR

Recognitions · licences · registrations

Food safety, FASFC

1 site

Sint-Jans-Molenbeek2.374.679.665

1 permission

Toelating · Eetgelegenheid · since 24-07-2025

Similar companies · same sector, comparable size

Of 1,352 companies in sector 56220 we hold annual accounts for 405. 236 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formNon-profit association

Founded05-07-2021

Fiscal year end31-12

Legal name FR Cassonade asbl

Abbreviation FR Cassonade

Abbreviation NL Cassonade

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

56220Contract catering and other food service activities

56290Food and beverage service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:sarah.verhees@gmail.com

Enterprise