Summary
CAVACELO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €34,588 and a net result of €588,786. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 1501 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1501 sector peers (2025).
NBB · sector comparisonPosition among 1501 sector peers
Solvency
better than 11%
← weakest
strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
24 d early
2024
50 d early
2023
76 d early
2022
62 d early
2021
30 d early
2020
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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. Usually files around 11 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 fastest grower in Limburg, Finance and insurance sector#6 employer in Limburg, Auxiliary financial services sector
Equity
€34,588▲ 34.1%
2024 · €25,802
Net result
€588,786▲ 106%
2024 · €285,959
Total assets
€1.0m▲ 63.0%
2024 · €631,927
Solvency
3.4%▼ 0.7pp
2024 · 4.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€413,906▼ 8.2%€497,725▲ 20.3%€247,535▼ 50.3%€428,950▲ 73.3%€837,301▲ 95.2%
Net result€297,851above the sector's middle half▼ 31.6%€349,182above the sector's middle half▲ 17.2%€154,983within the sector's middle half▼ 55.6%€285,959above the sector's middle half▲ 84.5%€588,786above the sector's middle half▲ 106%
Equity€20,661below the sector's middle half=€69,843below the sector's middle half▲ 238%€69,843below the sector's middle half=€25,802below the sector's middle half▼ 63.1%€34,588below the sector's middle half▲ 34.1%
Total assets€547,882within the sector's middle half▼ 24.9%€697,033within the sector's middle half▲ 27.2%€600,873within the sector's middle half▼ 13.8%€631,927within the sector's middle half▲ 5.2%€1.0mwithin the sector's middle half▲ 63.0%
Debt€527,221▼ 25.6%€627,190▲ 19.0%€531,030▼ 15.3%€606,124▲ 14.1%€995,662▲ 64.3%
Working capital€19,141within the sector's middle half▼ 8.4%€65,926within the sector's middle half▲ 244%€68,494within the sector's middle half▲ 3.9%€26,598within the sector's middle half▼ 61.2%€35,627within the sector's middle half▲ 33.9%
Solvency3.8%below the sector's middle half▲ 0.9pp10.0%below the sector's middle half▲ 6.2pp11.6%below the sector's middle half▲ 1.6pp4.1%below the sector's middle half▼ 7.5pp3.4%below the sector's middle half▼ 0.7pp
Current ratio1.04within the sector's middle half▲ 0.011.11within the sector's middle half▲ 0.071.13within the sector's middle half▲ 0.021.04within the sector's middle half▼ 0.091.04within the sector's middle half▼ 0.01
Return on assets (ROA)54.4%above the sector's middle half▼ 5.3pp50.1%above the sector's middle half▼ 4.3pp25.8%above the sector's middle half▼ 24.3pp45.3%above the sector's middle half▲ 19.5pp57.1%above the sector's middle half▲ 11.9pp
Staff (FTE)8.9above the sector's middle half▲ 1.1%10above the sector's middle half▲ 12.4%11.4above the sector's middle half▲ 14.0%11.8above the sector's middle half▲ 3.5%13above the sector's middle half▲ 10.2%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 95% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.0m
Equity
€34,588 ▲ 34.1%
Debt
€995,662 ▲ 64.3%
Debt's share of the balance-sheet total rises from 95.9% to 96.6%. Equity and debt are higher.
Key figures and ratios
Debt ≤ 1 year
€994,623▲
2024 · €604,518
Income taxes
€213,205▲
2024 · €110,440
Staff costs
€995,595▲
2024 · €900,477
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €34,588).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €622,472 | €648,174 | €880,128 | €900,477 | €995,595 | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125 | €870 | €1,681 | €1,556 | €811 | ▼ 47.9% |
| Other operating charges640/8 | €248 | €601 | €1,292 | €935 | €855 | ▼ 8.6% |
| Gross operating margin9900 | €1.0m | €1.1m | €1.1m | €1.3m | €1.8m | ▲ 37.7% |
| Operating profit (loss)9901 | €413,906 | €497,725 | €247,535 | €428,950 | €837,301 | ▲ 95.2% |
| Financial income75/76B | €0 | €1 | €19 | €698 | €1,201 | ▲ 72.2% |
| Recurring financial income75 | €0 | €1 | €19 | €698 | €1,201 | ▲ 72.2% |
| Financial charges65/66B | €6,743 | €15,818 | €24,728 | €33,248 | €36,512 | ▲ 9.8% |
| Recurring financial charges65 | €6,743 | €15,818 | €24,728 | €33,248 | €36,512 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €407,163 | €481,907 | €222,826 | €396,399 | €801,990 | ▲ 102% |
| Income taxes67/77 | €109,313 | €132,725 | €67,843 | €110,440 | €213,205 | ▲ 93.0% |
| Profit (loss) for the period9904 | €297,851 | €349,182 | €154,983 | €285,959 | €588,786 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €297,851 | €349,182 | €154,983 | €285,959 | €588,786 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €547,882 | €697,033 | €600,873 | €631,927 | €1.0m | ▲ 63.0% |
| Fixed assets21/28 | €1,874 | €4,048 | €2,367 | €811 | - | - |
| Tangible fixed assets22/27 | €1,874 | €4,048 | €2,367 | €811 | - | - |
| Furniture and vehicles24 | €1,874 | €4,048 | €2,367 | €811 | - | - |
| Current assets29/58 | €546,007 | €692,985 | €598,506 | €631,116 | €1.0m | ▲ 63.2% |
| Amounts receivable within one year40/41 | €158,375 | €3,870 | €224,273 | €17,064 | €500,000 | ▲ 2,830% |
| Trade receivables40 | €158,375 | €3,870 | €157,110 | €17,064 | - | - |
| Other amounts receivable41 | - | - | €67,163 | - | €500,000 | - |
| Cash at bank and in hand54/58 | €279,048 | €454,959 | €262,713 | €258,427 | €127,969 | ▼ 50.5% |
| Deferred charges and accrued income490/1 | €108,584 | €234,156 | €111,520 | €355,626 | €402,281 | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €547,882 | €697,033 | €600,873 | €631,927 | €1.0m | ▲ 63.0% |
| Equity10/15 | €20,661 | €69,843 | €69,843 | €25,802 | €34,588 | ▲ 34.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €661 | €49,843 | €49,843 | €5,802 | €14,588 | ▲ 151% |
| Distributable reserves133 | €661 | €49,843 | €49,843 | €5,802 | €14,588 | ▲ 151% |
| Amounts payable17/49 | €527,221 | €627,190 | €531,030 | €606,124 | €995,662 | ▲ 64.3% |
| Amounts payable within one year42/48 | €526,866 | €627,058 | €530,012 | €604,518 | €994,623 | ▲ 64.5% |
| Current portion of amounts payable after more than one year42 | €11,412 | €102,000 | €157,387 | €40,503 | - | - |
| Financial debts43 | - | - | €90,000 | €30,000 | €210,000 | ▲ 600% |
| Credit institutions430/8 | - | - | - | €30,000 | €210,000 | ▲ 600% |
| Other loans439 | - | - | €90,000 | - | - | - |
| Trade debts44 | €13,315 | €8,972 | €17,884 | €35,172 | €29,959 | ▼ 14.8% |
| Suppliers440/4 | €13,315 | €8,972 | €17,884 | €35,172 | €29,959 | ▼ 14.8% |
| Taxes, remuneration and social security45 | €204,289 | €215,986 | €109,728 | €168,843 | €174,665 | ▲ 3.4% |
| Taxes450/3 | €109,745 | €132,991 | €204 | €27,207 | €81,385 | ▲ 199% |
| Remuneration and social security454/9 | €94,544 | €82,995 | €109,524 | €141,637 | €93,280 | ▼ 34.1% |
| Other amounts payable47/48 | €297,851 | €300,100 | €155,014 | €330,000 | €580,000 | ▲ 75.8% |
| Accrued charges and deferred income492/3 | €355 | €132 | €1,018 | €1,606 | €1,039 | ▼ 35.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €297,851 | €349,182 | €154,983 | €285,959 | €588,786 | ▲ 106% |
| + Depreciation and write-downs630 | €125 | €870 | €1,681 | €1,556 | €811 | ▼ 47.9% |
| Operating cash flow (approximation) | €297,975 | €350,052 | €156,664 | €287,515 | €589,596 | ▲ 105% |
| Investment in fixed assets (approximation) | - | -€3,044 | €0 | €0 | - | - |
| Change in cash | - | €175,910 | -€192,246 | -€4,286 | -€130,457 | ▼ 2,944% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €588,786 ▲106%
Operating result €837,301, net result €588,786, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €154,983 ▼55.6%
Net result drops to €154,983, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Heusden-Zolder · 2 establishment units since 2019
Ground area
5.5 ha
Building footprint
113 m²
Volume, LiDAR
214 m³
2 parcels, Flanders · tallest building 19.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
CAVACELO
since 20192.290.858.896
Kantoor Beringen
since 20192.334.623.912
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0003/00E051indicative | Flanders | 5.4 ha | 1 · 5 m² | 19.4 m · 3 fl. |
| 71065B0289/00A002 | Flanders | 623 m² | 1 · 108 m² | 7.6 m |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
2 ownersOwners 2
-
25%
- Sourceaccounts LYSA 202525%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
DDCV Finance
BE 0697.658.741
Puurs-Sint-Amands · Eq €34,697
Pro Lux Finance TVA
BE 0802.263.442
Habay · Eq €34,912
PFA GROUP GENK
BE 0876.544.359
Genk · Eq €34,922
VALURA
BE 0693.755.975
Brugge · Eq €34,240
360 Advice
BE 1011.963.782
Etterbeek · Eq €34,157
Of 1,682 companies in sector 66191 we hold annual accounts for 1,230. 731 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729781280
Also
9925:BE0729781280
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.