Financials
- Fiscal year
- 2025
- Total assets
- €695,158
- Loss
- -€21,764
- Solvency
- 13.6%
Total assets▼ 3.7%
Net result
20192025
CARAVAGIO
ActiveSummary
CARAVAGIO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,212 and a net result of -€21,764. Equity is shrinking by ~18.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Activity not known1 site
Size
€695,158total assets 2025
- Equity
- €94,212
- Loss
- -€21,764
Structure
Accounts on time0 of 5 deeds read
Why 78- Figures for FY 2025 (filed 08-10-2025)- Founded in 1993- Liquidity: current ratio 0.01, cash €2,764+ Size: total assets €695,158Show the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Better than 23% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
39-2
equity 13.6% of total assets
Liquidity
3-1
short-term debt 86.4% · cash 0.4%
Profitability
65+2
return on assets -3.1%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%● 0.0% vs 12-2024
02-2025: 0.2%● 0.0% vs 01-2025
03-2025: 0.2%▼ -1.2% vs 02-2025
04-2025: 0.2%● 0.0% vs 03-2025
05-2025: 0.2%● 0.0% vs 04-2025
06-2025: 0.2%● 0.0% vs 05-2025
07-2025: 0.3%▲ +2.9% vs 06-2025
08-2025: 0.3%▲ +11.1% vs 07-2025
09-2025: 0.4%▲ +33.6% vs 08-2025
10-2025: 0.7%▲ +97.9% vs 09-2025highest value
11-2025: 0.2%▼ -77.7% vs 10-2025
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%▼ -4.8% vs 01-2026
03-2026: 0.2%● 0.0% vs 02-2026
04-2026: 0.2%▲ +1.9% vs 03-2026
05-2026: 0.2%▼ -3.8% vs 04-2026lowest value
06-2026: 0.2%● 0.0% vs 05-2026lowest value
07-2026: 0.2%▲ +14.3% vs 06-2026
08-2026: 0.2%▲ +11.4% vs 07-2026
09-2026: 0.3%▲ +46.9% vs 08-2026
10-2026: 0.6%▲ +93.8% vs 09-2026
- Size: total assets €695,158 lowers the probability for this profile
- Figures for FY 2025 (filed 08-10-2025) raises the probability
- Founded in 1993 raises the probability for this profile
- Liquidity: current ratio 0.01, cash €2,764 raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.0 in 2024; short-term debt: 86.4% and cash: 0.4% of total assets), and 86.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 24%, liquidity 6%, profitability 43%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€21,764
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 30-09-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
107 d early
2022
15 d early
2021
28 d late
2020
58 d early
2019
70 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2016
- 30-09-2025Annual accounts filed
- 30-09-2024Annual accounts filed
- 15-06-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 19-11-1993
- Year ends
- 28-02
- Peppol
- Reachable for e-invoices
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