ACTIVE

CASSIOPEIA

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Financial year 2025 · Closed on 30/12/2025

Net result-47 k €+7,7 %over 1 year

Gross margin-2,8 k €+65,9 %over 1 year

Equity30,9 M €-0,2 %over 1 year

Identity

Source · BCE/KBO

CASSIOPEIA is a Public limited company incorporated in 1996. Its registered office is in Mechelen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0458.728.044
Incorporation: 03/09/1996
Legal form: Public limited company
Registered office: Heidestraat(HEF) 7
2801 Mechelen · FlandreSee on map
Contributed capital: 31 402 825,96 €
Latest accounts: 30/12/2025

Signals

Solid equity

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-2,8 k €	+65.9%	-8,3 k €	-274%	-2,2 k €	-21.0%	-1,8 k €	-5.1%	-1,7 k €
EBITDA	-4 k €	+57.7%	-9,4 k €	-184%	-3,3 k €	-17.1%	-2,8 k €	-3.3%	-2,7 k €
Operating result	-4 k €	+57.7%	-9,4 k €	-184%	-3,3 k €	-17.1%	-2,8 k €	-3.3%	-2,7 k €
Net result	-47 k €	+7.7%	-50,9 k €	-17.6%	-43,3 k €	-41.3%	-30,7 k €	-10.7%	-27,7 k €
Balance sheet
Equity	30,9 M €	-0.2%	31 M €	-0.2%	31 M €	-0.1%	31,1 M €	-0.1%	31,1 M €
Total assets	32,2 M €	+0.0%	32,2 M €	+0.0%	32,2 M €	-0.0%	32,2 M €	-0.4%	32,3 M €
Cash	97 €	+79.5%	54 €		–		74,4 €	+243%	21,7 €
Debts	1,3 M €	+3.7%	1,2 M €	+4.4%	1,2 M €	+3.8%	1,1 M €	-7.0%	1,2 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/12/2025

4 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Johan Willemen	Managing director17/06/2008 → 30/06/2031Onbekend2023 accountsendedDirector2016 accountsended
Tom Willemen	Managing director30/06/2025 → 30/06/2031Director17/06/2008 → 2024 accountsendedOnbekend2023 accountsended
Bram Willemen	Director09/12/2003 → 30/05/2031
Katleen Willemen	Director09/12/2003 → 30/05/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kathleen Willemen	Director16/06/2009 → 2013 accounts

Other companies at this address

Heidestraat(HEF) 7 2801 Mechelen

Company	CBE no.
Andromeda● Active	0734.751.442
ANDROMEDA● Active	0885.664.240
MANIM● Active	0439.234.905
ORION● Active	0734.752.531
VLASMARKT BOUW EN PROMOTIE● Active	0627.996.509

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	31/07/2026	31/07/2025	30/07/2024	31/07/2023	20/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	30/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	30/12/2023	30/06/2024	30/07/2024	Dutch	PDF
Abridged model	30/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Abridged model	30/12/2021	30/06/2022	20/08/2022	Dutch	PDF
Abridged model	30/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	30/12/2019	30/06/2020	22/08/2020	Dutch	PDF
Abridged model	30/12/2018	29/06/2019	31/07/2019	Dutch	PDF
Abridged model	30/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	30/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	30/12/2015	30/06/2016	30/07/2016	Dutch	PDF
Abridged model	30/12/2014	30/06/2015	27/08/2015	Dutch	PDF
Abridged model	30/12/2013	30/06/2014	31/08/2014	Dutch	PDF
Abridged model	30/12/2012	18/06/2013	04/07/2013	Dutch	PDF
Abridged model	30/12/2011	19/06/2012	25/06/2012	Dutch	PDF
Abridged model	30/12/2010	21/06/2011	23/06/2011	Dutch	PDF
Abridged model	30/12/2009	15/06/2010	21/06/2010	Dutch	PDF
Abridged model	30/12/2008	16/06/2009	29/06/2009	Dutch	PDF
Abridged model	30/12/2007	17/06/2008	10/07/2008	Dutch	PDF
Abridged model	30/12/2006	19/06/2007	04/07/2007	Dutch	PDF
Abridged model	30/06/2006	12/12/2006	26/01/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/12/2025

4 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Johan Willemen	Managing director17/06/2008 → 30/06/2031Onbekend2023 accountsendedDirector2016 accountsended
Tom Willemen	Managing director30/06/2025 → 30/06/2031Director17/06/2008 → 2024 accountsendedOnbekend2023 accountsended
Bram Willemen	Director09/12/2003 → 30/05/2031
Katleen Willemen	Director09/12/2003 → 30/05/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kathleen Willemen	Director16/06/2009 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other18/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates28/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/01/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2007
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares28/12/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/12/2006
KAPITAAL - AANDELEN - BOEKJAAR
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Johan Willemen

Tom Willemen

Katleen Willemen

Bram Willemen

Kathleen Willemen

199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

CASSIOPEIA

Heidestraat(HEF) 7, 2801 Heffen

Managing director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Heidestraat(HEF) 7, 2801 HeffenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00361676

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CASSIOPEIACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00361676

Events

2025
Annual accounts 2025-47 k €↑
2024
Annual accounts 2024-50,9 k €↓
2023
Annual accounts 2023-43,3 k €↓
2022
Annual accounts 2022-30,7 k €↓
2021
Annual accounts 2021-27,7 k €↑
2020
Annual accounts 2020-29,2 k €↓
2019
Annual accounts 2019-28 k €↓
2018
Annual accounts 2018-27,5 k €↓
2017
Annual accounts 2017-27,5 k €↑
2016
Annual accounts 2016-35,8 k €↓
2015
Annual accounts 2015-27,9 k €↑
2014
Annual accounts 2014-28,7 k €↑
2013
Annual accounts 2013-45 k €↓
2012
Annual accounts 20122,9 k €↑
2011
Annual accounts 20111,3 k €↓
2010
Annual accounts 20101,5 k €↑
2009
Annual accounts 2009-44,8 €↑
2008
Annual accounts 2008-2,2 k €
03/09/1996
IncorporationPublic limited company

CASSIOPEIA

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events