CAWAP
ActiveSummary
CAWAP has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €84k. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-1
Solvency74▲+17
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.51 in 2024; short-term debt: 16.3% and cash: 5.5% of total assets), and 50.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
49.2%
Return on assets
15.3%
Age of the figures
9 mo
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 · 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 €270k
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 17-03-2026, 136 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
136 d early
2024
129 d early
2023
153 d early
2022
119 d early
2021
124 d early
2020
37 d early
2019
39 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 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
€270k▲ 31.7%
2024 · €205k
2018: €436k
2019: €367k
2020: €327k
2021: €361k
2022: €179k
2023: €242k
2024: €205k
2018 → 2025
Total assets
€549k▼ 14.4%
2024 · €641k
2018: €1.36M
2019: €1.11M
2020: €1.05M
2021: €952k
2022: €845k
2023: €748k
2024: €641k
2018 → 2025
Net result
€84k▼ 17.8%
2024 · €102k
2018: €-46k
2019: €-53k
2020: €-24k
2021: €50k
2022: €74k
2023: €82k
2024: €102k
2018 → 2025
Working capital
€-5k▲ 95.3%
2024 · €-101k
2018: €-124k
2019: €-139k
2020: €-79k
2021: €10k
2022: €77k
2023: €11k
2024: €-101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€361k-€179k▼ 50.5%€242k▲ 35.3%€205k▼ 15.2%€270k▲ 31.7%
Operating result€46k-€68k▲ 48.7%€80k▲ 17.3%€93k▲ 16.5%€92k▼ 0.9%
Net result€50k-€74k▲ 47.5%€82k▲ 11.1%€102k▲ 24.5%€84k▼ 17.8%
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 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €549k
Fixed assets
€464k ▼ 13.5%
Current assets
€85k ▼ 18.8%
Equity and liabilities €549k
Equity
€270k ▲ 31.7%
Debt
€279k ▼ 36.0%
Debt's share of the balance-sheet total falls from 68.1% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€207k▲
2024 · €206k
Cash flow
€198k▼
2024 · €214k
Current ratio
0.95▲
2024 · 0.51
Debt to equity
1.03▼
2024 · 2.13
ROE
31.0%▼
2024 · 49.8%
ROA
15.3%▼
2024 · 15.9%
Interest coverage
37.25▲
2024 · 30.44
Debt ≤ 1 year
€89k▼
2024 · €205k
Debt > 1 year
€190k▼
2024 · €231k
Income taxes
€19k▲
2024 · €709
Staff costs
€45k▲
2024 · €44k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€641k€549k▼
Fixed assets21/28€537k€464k▼
Tangible fixed assets22/27€537k€464k▼
Land and buildings22€164k€131k▼
Plant, machinery and equipment23€362k€291k▼
Furniture and vehicles24€11k€42k▲
Financial fixed assets28€150€150=
Current assets29/58€104k€85k▼
Amounts receivable within one year40/41€27k€53k▲
Trade receivables40€27k€47k▲
Other amounts receivable41€91€6k▲
Cash at bank and in hand54/58€78k€30k▼
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€641k€549k▼
Equity10/15€205k€270k▲
Contributions10/11€100k€100k=
Reserves13€580€107k▲
Distributable reserves133€580€107k▲
Profit (loss) carried forward14€26k€0▼
Investment grants15€79k€63k▼
Amounts payable17/49€437k€279k▼
Amounts payable after more than one year17€231k€190k▼
Financial debts170/4€226k€186k▼
Other amounts payable178/9€6k€4k▼
Amounts payable within one year42/48€205k€89k▼
Current portion of amounts payable after more than one year42€60k€60k=
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€18k€20k▲
Taxes450/3€13k€14k▲
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€122k€8k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€44k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€115k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€9k▲
Other operating charges640/8€10k€11k▲
Gross operating margin9900€268k€273k▲
Operating profit (loss)9901€93k€92k▼
Financial income75/76B€16k€16k▲
Recurring financial income75€16k€16k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€103k€103k▲
Income taxes67/77€709€19k▲
Profit (loss) for the period9904€102k€84k▼
Profit (loss) for the period to be appropriated9905€102k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€148k€109k▼
Profit (loss) brought forward from the previous period14P€46k€26k▼
Transfer to equity691/2-€106k
To other reserves6921-€106k
Profit to be distributed694/7€123k€3k▼
Return on contributions (dividend)694€120k€0▼
Employees696€3k€3k▲
The notes to these accounts (16 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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €102k ▲24.5%
Operating result €93k, net result €102k, both a record.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €242k ▲35.3%
3 profitable years in a row build equity to €242k.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 4.71
Current ratio from 1.12 to 4.71; short-term debt falls from €84k to €21k.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €50k
Net result €50k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.54 to 1.12; short-term debt falls from €171k to €84k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
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
6 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, Tournai · 1 establishment unit since 2014
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.
Chaussée de Tournai(R-C) 52/17520 TournaiGround area
934 m²
Building footprint
352 m²
Volume, LiDAR
2,081 m³
Parcel 57069C0256/00F000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAWAP
since 20142.237.203.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57069C0256/00F000 | Wallonia | 934 m² | 1 · 352 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.
Similar companies · same sector, comparable size
ZOOSAN
BE 0820.095.210
Boortmeerbeek · Eq €269,983
EBODICO
BE 0818.942.294
Eeklo · Eq €269,976
LD Partners
BE 0836.826.324
Chaudfontaine · Eq €270,031
COUNTRYBUTE
BE 0849.568.956
Zandhoven · Eq €270,044
Christophe HOSPEL - Notaire
BE 0648.685.619
Montigny-le-Tilleul · Eq €269,945
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 38,630 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
Founded27-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.