Cathec
ActiveSummary
The computed 12-month bankruptcy probability of Cathec is 3.3% (moderate). The 2025 annual accounts show equity of €9k and a net result of €45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 936 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+23
Solvency26▲+3
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.44 against 0.6 in 2024; short-term debt: 99.4% and cash: 20.2% of total assets), and 99.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.6%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
22232425
2022 to 2025 · latest year €9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 4 filingsDeviation from the deadline
2025
54 d late
2024
29 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k
2024 · €-37k
2022: €4k
2023: €-12k
2024: €-37k
2022 → 2025
Total assets
€1.37M▼ 32.6%
2024 · €2.03M
2022: €2.46M
2023: €2.31M
2024: €2.03M
2022 → 2025
Net result
€45k
2024 · €-25k
2022: €772
2023: €-16k
2024: €-25k
2022 → 2025
Working capital
€-759k▼ 20.9%
2024 · €-628k
2022: €-535k
2023: €-573k
2024: €-628k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€4k-€-12k€-37k▼ 207%€9k
Operating result€2k-€10k▲ 358%€-922€79k
Net result€772-€-16k€-25k▼ 57.3%€45k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €79k after a loss of €922 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€767k ▼ 28.9%
Current assets
€602k ▼ 36.8%
Equity and liabilities €1.37M
Equity
€9k
Debt
€1.36M
Debt finances 99.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€105k▲
2024 · €32k
Cash flow
€71k▲
2024 · €8k
Current ratio
0.44▼
2024 · 0.60
Quick ratio
0.32▲
2024 · 0.02
ROE
521.6%
ROA
3.3%▲
2024 · -1.2%
Interest coverage
3.43▲
2024 · 1.35
Debt ≤ 1 year
€1.36M▼
2024 · €1.58M
Debt > 1 year
€0▼
2024 · €488k
Income taxes
€3k
Staff costs
€-12▼
2024 · €7k
A ratio outside any meaningful range has been withheld (balance sheet total €1.37M, equity €9k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.03M€1.37M▼
Formation expenses20€343€155▼
Fixed assets21/28€1.08M€767k▼
Tangible fixed assets22/27€1.08M€767k▼
Land and buildings22€1.08M€638k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24-€129k
Current assets29/58€953k€602k▼
Stocks and contracts in progress3€920k€166k▼
Stocks30/36€920k€166k▼
Amounts receivable within one year40/41€29k€157k▲
Trade receivables40€780€107k▲
Other amounts receivable41€28k€50k▲
Cash at bank and in hand54/58€2k€277k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.03M€1.37M▼
Equity10/15€-37k€9k▲
Contributions10/11€3k€3k=
Reserves13€772€6k▲
Distributable reserves133€772€6k▲
Profit (loss) carried forward14€-40k€0▲
Amounts payable17/49€2.07M€1.36M▼
Amounts payable after more than one year17€488k€0▼
Financial debts170/4€488k€0▼
Amounts payable within one year42/48€1.58M€1.36M▼
Current portion of amounts payable after more than one year42€59k€0▼
Financial debts43€19€0▼
Credit institutions430/8€19€0▼
Trade debts44€22k€8k▼
Suppliers440/4€22k€8k▼
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€8k▲
Other amounts payable47/48€1.50M€1.34M▼
Income statement
Code20242025
Remuneration, social security and pensions62€7k€-12▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€61k€0▼
Other operating charges640/8€8k€10k▲
Gross operating margin9900€108k€115k▲
Operating profit (loss)9901€-922€79k▲
Financial income75/76B€4€71▲
Recurring financial income75€4€71▲
Financial charges65/66B€24k€31k▲
Recurring financial charges65€24k€31k▲
Profit (loss) for the period before taxes9903€-25k€49k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-25k€45k▲
Profit (loss) for the period to be appropriated9905€-25k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€5k▲
Profit (loss) brought forward from the previous period14P€-16k€-40k▼
Transfer to equity691/2-€5k
To other reserves6921-€5k
Social balance
Average headcount (FTE)90870.8-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
24-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital · PATTYN Thomas
2025
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Destelbergen · 1 establishment unit since 2021
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.
Dendermondesteenweg 5049070 DestelbergenGround area
1.1 ha
Building footprint
290 m²
Volume, LiDAR
2,820 m³
Parcel 44013B0496/00D002, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ADMO
since 20212.326.724.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0496/00D002 | Flanders | 1.1 ha | 1 · 290 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 299 EUR awarded · 299 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 299 EUR | 299 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 275 companies in sector 52241 we hold annual accounts for 212. 26 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
52241Warehousing and support activities for transportation
52249Warehousing and support activities for transportation
52250Logistics services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.