CAUWELIER WELDING
ActiveSummary
CAUWELIER WELDING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131k and a net result of €32k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-5
Solvency50▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.35 in 2024; short-term debt: 61.7% and cash: 13.7% of total assets), and 74.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.4%
Return on assets
6.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
3 d late
2021
4 d late
2020
19 d early
2019
27 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
€131k▼ 25.2%
2024 · €176k
2018: €45k
2019: €86k
2020: €96k
2021: €64k
2022: €91k
2023: €115k
2024: €176k
2018 → 2025
Total assets
€516k▼ 19.4%
2024 · €641k
2018: €194k
2019: €259k
2020: €230k
2021: €185k
2022: €403k
2023: €531k
2024: €641k
2018 → 2025
Net result
€32k▼ 48.4%
2024 · €61k
2018: €-6k
2019: €42k
2020: €10k
2021: €-33k
2022: €27k
2023: €24k
2024: €61k
2018 → 2025
Working capital
€57k▼ 53.3%
2024 · €122k
2018: €25k
2019: €66k
2020: €65k
2021: €24k
2022: €46k
2023: €62k
2024: €122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€91k▲ 43.2%€115k▲ 25.9%€176k▲ 53.0%€131k▼ 25.2%
Operating result€-28k-€34k€41k▲ 22.1%€108k▲ 162%€59k▼ 45.4%
Net result€-33k-€27k€24k▼ 14.1%€61k▲ 160%€32k▼ 48.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €516k
Fixed assets
€141k ▼ 17.4%
Current assets
€375k ▼ 20.2%
Equity and liabilities €516k
Equity
€131k ▼ 25.2%
Debt
€385k ▼ 17.3%
Debt's share of the balance-sheet total rises from 72.6% to 74.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€110k▼
2024 · €158k
Cash flow
€83k▼
2024 · €112k
Current ratio
1.18▼
2024 · 1.35
Quick ratio
1.04▼
2024 · 1.21
Debt to equity
2.93▲
2024 · 2.65
ROE
24.1%▼
2024 · 35.0%
ROA
6.1%▼
2024 · 9.6%
Interest coverage
7.99▼
2024 · 9.34
Debt ≤ 1 year
€318k▼
2024 · €348k
Debt > 1 year
€66k▼
2024 · €111k
Income taxes
€15k▼
2024 · €30k
Staff costs
€134k▲
2024 · €127k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€641k€516k▼
Fixed assets21/28€170k€141k▼
Tangible fixed assets22/27€170k€140k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€25k€37k▲
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€132k€94k▼
Financial fixed assets28€720€720=
Current assets29/58€470k€375k▼
Stocks and contracts in progress3€50k€44k▼
Stocks30/36€50k€44k▼
Amounts receivable within one year40/41€402k€245k▼
Trade receivables40€390k€212k▼
Other amounts receivable41€12k€33k▲
Cash at bank and in hand54/58€10k€71k▲
Deferred charges and accrued income490/1€8k€16k▲
Equity and liabilities
Total equity and liabilities10/49€641k€516k▼
Equity10/15€176k€131k▼
Contributions10/11€19k€19k=
Reserves13€157k€113k▼
Distributable reserves133€157k€113k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€465k€385k▼
Amounts payable after more than one year17€111k€66k▼
Financial debts170/4€111k€66k▼
Amounts payable within one year42/48€348k€318k▼
Current portion of amounts payable after more than one year42€53k€55k▲
Financial debts43€125k€50k▼
Credit institutions430/8€125k€50k▼
Trade debts44€85k€105k▲
Suppliers440/4€85k€105k▲
Taxes, remuneration and social security45€65k€33k▼
Taxes450/3€48k€18k▼
Remuneration and social security454/9€17k€15k▼
Other amounts payable47/48€20k€76k▲
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€127k€134k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€51k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€286k€246k▼
Operating profit (loss)9901€108k€59k▼
Financial income75/76B€133€2k▲
Recurring financial income75€133€2k▲
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€91k€47k▼
Income taxes67/77€30k€15k▼
Profit (loss) for the period9904€61k€32k▼
Profit (loss) for the period to be appropriated9905€61k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€32k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0€76k▲
Transfer to equity691/2€61k€32k▼
To other reserves6921€61k€32k▼
Profit to be distributed694/7-€76k
Return on contributions (dividend)694-€76k
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €61k ▲160%
Operating result €108k, net result €61k, both a record.
31-12
Financial
Equity above €150kEq €176k ▲53%
3 profitable years in a row build equity to €176k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €115k ▲25.9%
2 profitable years in a row build equity to €115k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet €-33k ▼427%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Staden · 1 establishment unit since 2007
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.
Vrijbosstraat(STA) 318840 StadenGround area
3,430 m²
Building footprint
188 m²
Volume, LiDAR
1,031 m³
Parcel 36019E0484/00K003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAUWELIER WELDING
since 20072.158.955.922
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019E0484/00K003 | Flanders | 3,430 m² | 1 · 188 m² | 7.9 m · 2 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 · 369 EUR awarded · 369 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 369 EUR | 369 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
HBM
BE 0877.410.728
Schilde · Eq €131,271
BEYST
BE 0468.302.241
Laarne · Eq €131,324
SGLD
BE 0761.907.086
Hasselt · Eq €131,333
PATTYN ENERGIETECHNIEKEN
BE 0650.898.209
Brugge · Eq €131,119
DETECTIE SERVICE KEMPEN
BE 0842.411.841
Arendonk · Eq €131,010
Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 3,031 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
Founded10-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
43221Plumbing work
01430Raising of horses and other equines
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
47521Retail sale of hardware, building materials, paint and glass (general range)
64210Activities of holding companies
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.