Cavdarli
ActiveSummary
Cavdarli has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €458k. Equity is growing by ~98.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 4603 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-32
Solvency43▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.47 in 2024; short-term debt: 13.4% and cash: 2.5% of total assets), and 82% 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
18%
Return on assets
7.2%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
12 d early
2022
1 d late
2021
30 d early
2020
31 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.15M▲ 66.3%
2024 · €691k
2019: €20k
2020: €26k
2021: €85k
2022: €146k
2023: €171k
2024: €691k
2019 → 2025
Total assets
€6.37M▲ 89.8%
2024 · €3.36M
2019: €59k
2020: €145k
2021: €127k
2022: €230k
2023: €211k
2024: €3.36M
2019 → 2025
Net result
€458k▼ 12.0%
2024 · €520k
2019: €14k
2020: €6k
2021: €65k
2022: €62k
2023: €24k
2024: €520k
2019 → 2025
Working capital
€-603k▼ 60.4%
2024 · €-376k
2019: €20k
2020: €6k
2021: €54k
2022: €120k
2023: €146k
2024: €-376k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€146k▲ 72.8%€171k▲ 16.5%€691k▲ 305%€1.15M▲ 66.3%
Operating result€89k-€87k▼ 3.1%€38k▼ 56.3%€253k▲ 570%€248k▼ 2.0%
Net result€65k-€62k▼ 5.7%€24k▼ 60.7%€520k▲ 2,048%€458k▼ 12.0%
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 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.37M
Fixed assets
€6.12M ▲ 103%
Current assets
€252k ▼ 25.5%
Equity and liabilities €6.37M
Equity
€1.15M ▲ 66.3%
Debt
€5.22M ▲ 95.8%
Debt's share of the balance-sheet total rises from 79.4% to 82.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€261k▲
2024 · €259k
Cash flow
€470k▼
2024 · €525k
Current ratio
0.29▼
2024 · 0.47
Debt to equity
4.55▲
2024 · 3.86
ROE
39.9%▼
2024 · 75.3%
ROA
7.2%▼
2024 · 15.5%
Interest coverage
3.38▼
2024 · 14.58
Debt ≤ 1 year
€855k▲
2024 · €714k
Debt > 1 year
€4.37M▲
2024 · €1.95M
Income taxes
€93k▼
2024 · €116k
Staff costs
€56k▼
2024 · €61k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.36M€6.37M▲
Fixed assets21/28€3.02M€6.12M▲
Tangible fixed assets22/27€20k€3.12M▲
Land and buildings22-€3.10M
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€15k€15k=
Financial fixed assets28€3.00M€3.00M=
Current assets29/58€338k€252k▼
Amounts receivable within one year40/41€65k€92k▲
Trade receivables40€65k€92k▲
Cash at bank and in hand54/58€273k€157k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€3.36M€6.37M▲
Equity10/15€691k€1.15M▲
Contributions10/11€8k€8k=
Reserves13€683k€1.14M▲
Distributable reserves133€683k€1.14M▲
Amounts payable17/49€2.67M€5.22M▲
Amounts payable after more than one year17€1.95M€4.37M▲
Financial debts170/4€1.95M€4.37M▲
Amounts payable within one year42/48€714k€855k▲
Current portion of amounts payable after more than one year42€405k€334k▼
Trade debts44€16k€31k▲
Suppliers440/4€16k€31k▲
Advances received on contracts in progress46€90k€200k▲
Taxes, remuneration and social security45€149k€123k▼
Taxes450/3€143k€116k▼
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€53k€166k▲
Income statement
Code20242025
Remuneration, social security and pensions62€61k€56k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€12k€24k▲
Gross operating margin9900€331k€341k▲
Operating profit (loss)9901€253k€248k▼
Financial income75/76B€400k€380k▼
Recurring financial income75€400k€380k▼
Financial charges65/66B€18k€77k▲
Recurring financial charges65€18k€77k▲
Profit (loss) for the period before taxes9903€636k€551k▼
Income taxes67/77€116k€93k▼
Profit (loss) for the period9904€520k€458k▼
Profit (loss) for the period to be appropriated9905€520k€458k▼
Appropriation of the result
Profit (loss) to be appropriated9906€520k€458k▼
Transfer to equity691/2€520k€458k▼
To other reserves6921€520k€458k▼
The notes to these accounts (7 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €1MEq €1.15M ▲66.3%
7 profitable years in a row build equity to €1.15M.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €520k ▲2048%
Operating result €253k, net result €520k, both a record.
30-09
Financial
Equity above €500kEq €691k ▲305%
6 profitable years in a row build equity to €691k.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €171k ▲16.5%
5 profitable years in a row build equity to €171k.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Equity above €100kEq €146k ▲72.8%
4 profitable years in a row build equity to €146k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity doublescurrent ratio 2.28
Current ratio from 1.05 to 2.28; short-term debt falls from €118k to €42k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €6k ▼57.3%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2018
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.
Warandestraat 479000 GentGround area
127 m²
Building footprint
80 m²
Volume, LiDAR
576 m³
Parcel 44804D0230/52G004, Flanders · tallest building 14.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Cavdarli
since 20182.276.937.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0230/52G004 | Flanders | 127 m² | 1 · 80 m² | 14.2 m · 1 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesCavdarli BV42632
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 3,911 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
Founded15-06-2018
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.