CAVEC
ActiveSummary
CAVEC has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €52k. Equity is shrinking by ~33.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 40% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+50
Solvency69▲+41
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 0.91 in 2024; short-term debt: 55.9% and cash: 0% of total assets), but 55.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
44.1%
Return on assets
42.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €53k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
29 d late
2023
34 d early
2022
7 d late
2021
11 d early
2020
23 d late
2019
103 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
€53k▲ 3,227%
2024 · €2k
2018: €655k
2019: €-144k
2020: €85k
2021: €65k
2022: €33k
2023: €26k
2024: €2k
2018 → 2025
Total assets
€121k▲ 94.3%
2024 · €62k
2018: €1.22M
2019: €463k
2020: €372k
2021: €247k
2022: €173k
2023: €153k
2024: €62k
2018 → 2025
Net result
€52k▼ 12.7%
2024 · €59k
2018: €-51k
2019: €63k
2020: €41k
2021: €-20k
2022: €-32k
2023: €-7k
2024: €59k
2018 → 2025
Working capital
€51k
2024 · €-6k
2018: €-97k
2019: €-385k
2020: €251k
2021: €200k
2022: €136k
2023: €87k
2024: €-6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€33k▼ 49.7%€26k▼ 20.2%€2k▼ 93.8%€53k▲ 3,227%
Operating result€-20k-€-29k▼ 41.0%€-4k▲ 85.7%€-10k▼ 148%€54k
Net result€-20k-€-32k▼ 60.2%€-7k▲ 79.6%€59k€52k▼ 12.7%
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: €54k after a loss of €10k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121k
Fixed assets
€2k ▼ 71.3%
Current assets
€119k ▲ 116%
Equity and liabilities €121k
Equity
€53k ▲ 3,227%
Debt
€68k ▲ 11.6%
Debt's share of the balance-sheet total falls from 97.4% to 55.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €-3k
Cash flow
€59k▼
2024 · €66k
Current ratio
1.76▲
2024 · 0.91
Debt to equity
1.27▼
2024 · 37.87
ROE
97.0%
ROA
42.7%▼
2024 · 95.1%
Interest coverage
27.92▲
2024 · -0.55
Debt ≤ 1 year
€68k▲
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€62k€121k▲
Fixed assets21/28€7k€2k▼
Intangible fixed assets21€7k-
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Current assets29/58€55k€119k▲
Amounts receivable within one year40/41€55k€119k▲
Other amounts receivable41€55k€119k▲
Cash at bank and in hand54/58€95€1▼
Equity and liabilities
Total equity and liabilities10/49€62k€121k▲
Equity10/15€2k€53k▲
Contributions10/11€1.60M€1.60M=
Reserves13€125k€125k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€106k€106k=
Profit (loss) carried forward14€-1.72M€-1.67M▲
Amounts payable17/49€61k€68k▲
Amounts payable within one year42/48€61k€68k▲
Current portion of amounts payable after more than one year42€50k-
Financial debts43-€10
Credit institutions430/8-€10
Trade debts44€98€5k▲
Suppliers440/4€98€5k▲
Taxes, remuneration and social security45€2k€13k▲
Taxes450/3€2k€13k▲
Other amounts payable47/48€9k€50k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€189€520▲
Gross operating margin9900€-3k€62k▲
Operating profit (loss)9901€-10k€54k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€-16k€52k▲
Transfer from deferred taxes780€75k-
Profit (loss) for the period9904€59k€52k▼
Transfer from tax-exempt reserves789€224k-
Profit (loss) for the period to be appropriated9905€284k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.72M€-1.67M▲
Profit (loss) brought forward from the previous period14P€-2.01M€-1.72M▲
The notes to these accounts (8 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €59k
Net result €59k after 3 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 26.53
Current ratio from 5.06 to 26.53; short-term debt falls from €62k to €8k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Liquidity times 73current ratio 5.06
Current ratio from 0.07 to 5.06; short-term debt falls from €414k to €62k.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Brecht · 1 establishment unit since 1980
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.
Damhof 72960 BrechtGround area
1.2 ha
Building footprint
312 m²
Parcel 11333D0820/00A000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
CAVEC
since 19802.035.534.805
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0820/00A000 | Flanders | 1.2 ha | 1 · 312 m² | 0.1 m |
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
2025 · 1 entry · 1,105 EUR awarded · 1,105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,105 EUR | 1,105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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EDMAR
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SEREMA II
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,403 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
Founded18-09-1980
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.