ACTIVE

51N4E Cast

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Financial year 2025 · closed on 31/12/2025

Net result

864,4 k €

-18.4% YoY

Gross margin

3,3 M €

+10.3% YoY

Equity

4,2 M €

+9.4% YoY

Workforce

3,4 ETP

+3.0% YoY

What does 51N4E Cast do?

51N4E Cast is a Private limited company incorporated in 2005. Its main activity is: Architectural activities. Its registered office is in Schaerbeek. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0872.742.949

Incorporation

24/03/2005

Legal form

Private limited company

Registered office

Rue du Progrès 76
1030 Schaerbeek · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 74201Photographic activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,3 M €	+10.3%	3 M €	+20.3%	2,5 M €	+13.8%	2,2 M €	+31.9%	1,7 M €	+6.5%	1,6 M €	+56.6%	991,2 k €	+66.6%	594,8 k €	+54.1%	385,9 k €	-22.0%	495 k €	+69.2%	292,5 k €	+112%	137,7 k €	-46.5%	257,5 k €	+134%	109,8 k €	-17.2%	132,7 k €	-55.1%	295,5 k €	+2958%	-10,3 k €	-105%	225 k €	-60.2%	564,7 k €	+881%	57,6 k €
EBITDA	1,2 M €	-20.4%	1,5 M €	-4.6%	1,5 M €	+2.4%	1,5 M €	+53.8%	982,2 k €	-14.4%	1,1 M €	+46.3%	784,3 k €	+128%	343,5 k €	+34.7%	255,1 k €	+28.3%	198,8 k €	+3.2%	192,7 k €	+185%	67,6 k €	-42.1%	116,8 k €	+420%	22,5 k €	-52.3%	47,1 k €	-78.4%	217,5 k €	+290%	-114,5 k €	-157%	199,7 k €	-64.2%	558,3 k €	+1099%	46,6 k €
Operating result	1,1 M €	-20.9%	1,4 M €	-4.7%	1,5 M €	+2.4%	1,5 M €	+57.3%	939,4 k €	-14.7%	1,1 M €	+47.1%	749,2 k €	+127%	330,2 k €	+34.5%	245,5 k €	+35.2%	181,6 k €	+22.3%	148,5 k €	+433%	27,8 k €	-68.9%	89,5 k €	+1606%	5,2 k €	-78.4%	24,3 k €	-87.3%	191,5 k €	+225%	-152,8 k €	-199%	154,3 k €	-70.0%	514 k €	+24774%	-2,1 k €
Net result	864,4 k €	-18.4%	1,1 M €	-14.0%	1,2 M €	+14.8%	1,1 M €	+51.8%	706,6 k €	-21.6%	900,8 k €	+67.9%	536,5 k €	+108%	258,1 k €	+21.1%	213,1 k €	+58.9%	134,1 k €	+15.5%	116,2 k €	+1765%	6,2 k €	-90.4%	64,7 k €	+1246%	4,8 k €	-72.2%	17,3 k €	-89.9%	170,9 k €	+202%	-167,5 k €	-275%	95,8 k €	-71.1%	331,7 k €	+9186%	3,6 k €
Balance sheet
Equity	4,2 M €	+9.4%	3,9 M €	+15.3%	3,4 M €	-5.7%	3,6 M €	+43.2%	2,5 M €	+39.8%	1,8 M €	+8.0%	1,6 M €	+45.0%	1,1 M €	+29.5%	875,7 k €	+30.8%	669,5 k €	+25.1%	535,4 k €	+27.7%	419,2 k €	+1.5%	413 k €	-13.1%	475,2 k €	+1.0%	470,4 k €	+3.8%	453,1 k €	+60.6%	282,1 k €	-37.3%	449,7 k €	+27.1%	353,9 k €	+1496%	22,2 k €
Total assets	7,1 M €	+17.6%	6,1 M €	-17.0%	7,3 M €	+10.1%	6,6 M €	+29.7%	5,1 M €	+17.6%	4,3 M €	+40.2%	3,1 M €	+45.1%	2,1 M €	+13.6%	1,9 M €	+23.4%	1,5 M €	+47.9%	1 M €	+2.9%	1 M €	+5.9%	945,7 k €	+16.6%	810,8 k €	+13.7%	713,1 k €	+20.0%	594 k €	+49.0%	398,5 k €	-33.5%	599 k €	+12.7%	531,7 k €	-1.0%	536,8 k €
Cash	2 M €	+17.0%	1,7 M €	-34.2%	2,5 M €	+4.9%	2,4 M €	+440%	447,5 k €	-71.6%	1,6 M €	+79.6%	878,3 k €	+314%	212,3 k €	+880%	21,7 k €	-93.5%	332,2 k €	+98.9%	167 k €	-33.2%	250 k €	-29.0%	352 k €	-9.0%	386,7 k €	+11.3%	347,4 k €	+75.3%	198,2 k €	+38.6%	143 k €	-53.2%	305,3 k €	-14.9%	358,9 k €	+128%	157,4 k €
Debts	2,9 M €	+33.3%	2,2 M €	-45.0%	3,9 M €	+30.0%	3 M €	+16.8%	2,6 M €	+6.0%	2,4 M €	+79.8%	1,4 M €	+57.2%	861,3 k €	-11.2%	970,3 k €	+26.9%	764,8 k €	+58.7%	482,1 k €	+5.7%	456 k €	-7.4%	492,3 k €	+52.3%	323,3 k €	+36.0%	237,7 k €	+68.6%	140,9 k €	+21.1%	116,4 k €	-22.0%	149,3 k €	-16.0%	177,8 k €	-65.4%	514,6 k €
Other
Workforce	3,4 ETP	+3.0%	3,3 ETP	+43.5%	2,3 ETP	-4.2%	2,4 ETP	+4.3%	2,3 ETP	0.0%	2,3 ETP	+53.3%	1,5 ETP	+150%	0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-64.3%	1,4 ETP	+40.0%	1,0 ETP	-9.1%	1,1 ETP	-15.4%	1,3 ETP	+18.2%	1,1 ETP	+120%	0,5 ETP	+400%	0,1 ETP	-66.7%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 10 ended

Active mandates

Aglaia De Mulder

Director · since 13 décembre 2023

Active

Aline Neirynck

Administrator - manager · since 13 décembre 2023

Active

Olivier Cavens

Director · since 13 décembre 2023

Active

Freek Persyn

Director · since 10 mars 2005

Active

Johan Anrys

Director · since 10 mars 2005

Active

Ended mandates

Aline Neirynck

Director · since 13 décembre 2023

Ended

Freek Persyn

Manager · since 10 mars 2005

Ended

Johan Anrys

Manager · since 10 mars 2005

Ended

Peter Swinnen

Manager · since 10 mars 2005

Ended

At this address

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Annual accounts

Full financial information

	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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	31/07/2025	30/07/2024	31/07/2023	27/09/2022	29/10/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	27/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	27/07/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	06/07/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/04/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/04/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/04/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/04/2007	24/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 10 ended

Active mandates

Aglaia De Mulder

Director · since 13 décembre 2023

Active

Aline Neirynck

Administrator - manager · since 13 décembre 2023

Active

Olivier Cavens

Director · since 13 décembre 2023

Active

Freek Persyn

Director · since 10 mars 2005

Active

Johan Anrys

Director · since 10 mars 2005

Active

Ended mandates

Aline Neirynck

Director · since 13 décembre 2023

Ended

Freek Persyn

Manager · since 10 mars 2005

Ended

Johan Anrys

Manager · since 10 mars 2005

Ended

Peter Swinnen

Manager · since 10 mars 2005

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/12/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other12/01/2009
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025864,4 k €↓
2024
Annual accounts 20241,1 M €↓
2023
Annual accounts 20231,2 M €↑
2023
Name change51N4E Cast
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021706,6 k €↓
2021
Name change51N4E
2020
Annual accounts 2020900,8 k €↑
2019
Annual accounts 2019536,5 k €↑
2018
Annual accounts 2018258,1 k €↑
2017
Annual accounts 2017213,1 k €↑
2016
Annual accounts 2016134,1 k €↑
2015
Annual accounts 2015116,2 k €↑
2014
Annual accounts 20146,2 k €↓
2013
Annual accounts 201364,7 k €↑
2012
Annual accounts 20124,8 k €↓
2011
Annual accounts 201117,3 k €↓
2010
Annual accounts 2010170,9 k €↑
2009
Annual accounts 2009-167,5 k €↓
2008
Annual accounts 200895,8 k €↓
2007
Annual accounts 2007331,7 k €↑
2006
Annual accounts 20063,6 k €
24/03/2005
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

51N4E Cast

Overview

What does 51N4E Cast do?

Trend over 20 financial years

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