CAVAHOLD
ActiveSummary
CAVAHOLD has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35.0m and a net result of €205,288. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 9733 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▼-10
Solvency93▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.14 in 2023; short-term debt: 31.1% and cash: 1.3% of total assets), and 31.8% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
68.2%
Return on assets
0.4%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 152 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 15-05-2025, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
15 d late
2023
55 d late
2022
2 d early
2021
30 d early
2020
14 d early
2019
44 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 3 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#3 company by total assets in Kortrijk, Real estate sector#3 company by equity in Kortrijk, Real estate sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€51.3m▼ 1.6%
2023 · €52.2m
Net result
€205,288▼ 90.3%
2023 · €2.1m
Working capital
€96,364▼ 96.1%
2023 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Turnover
Operating result€288,669▼ 88.9%€553,515▲ 91.7%€425,714▼ 23.1%€202,306▼ 52.5%-€434,103
Net result€661,617above the sector's middle half▼ 76.4%€1.2mabove the sector's middle half▲ 78.4%€8.2mabove the sector's middle half▲ 595%€2.1mabove the sector's middle half▼ 74.3%€205,288above the sector's middle half▼ 90.3%
Equity€23.3mabove the sector's middle half▲ 2.9%€24.5mabove the sector's middle half▲ 5.1%€32.7mabove the sector's middle half▲ 33.5%€34.8mabove the sector's middle half▲ 6.4%€35.0mabove the sector's middle half▲ 0.6%
Total assets€33.5mabove the sector's middle half▼ 15.9%€37.7mabove the sector's middle half▲ 12.7%€49.4mabove the sector's middle half▲ 31.0%€52.2mabove the sector's middle half▲ 5.5%€51.3mabove the sector's middle half▼ 1.6%
Debt€10.2m▼ 40.6%€13.3m▲ 30.0%€16.8m▲ 26.3%€17.4m▲ 3.7%€16.3m▼ 6.0%
Working capital-€2.7mbelow the sector's middle half▼ 30.0%-€3.1mbelow the sector's middle half▼ 13.0%€3.4mabove the sector's middle half€2.5mabove the sector's middle half▼ 28.3%€96,364within the sector's middle half▼ 96.1%
Solvency69.5%above the sector's middle half▲ 12.7pp64.8%above the sector's middle half▼ 4.7pp66.1%above the sector's middle half▲ 1.3pp66.7%above the sector's middle half▲ 0.6pp68.2%above the sector's middle half▲ 1.5pp
Current ratio0.73within the sector's middle half▼ 0.150.77within the sector's middle half▲ 0.041.21within the sector's middle half▲ 0.441.14within the sector's middle half▼ 0.061.01within the sector's middle half▼ 0.14
Return on assets (ROA)2.0%within the sector's middle half▼ 5.1pp3.1%within the sector's middle half▲ 1.2pp16.6%above the sector's middle half▲ 13.5pp4.0%within the sector's middle half▼ 12.6pp0.4%within the sector's middle half▼ 3.6pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
The operating result turns negative in 2024: a loss of €434,103 after €202,306 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51.3m
Fixed assets
€35.3m ▲ 9.0%
Current assets
€16.1m ▼ 18.9%
Equity and liabilities €51.3m
Equity
€35.0m ▲ 0.6%
Debt
€16.3m ▼ 6.0%
Debt's share of the balance-sheet total falls from 33.3% to 31.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.47▼
2023 · 0.50
ROE
0.6%▼
2023 · 6.1%
Debt ≤ 1 year
€16.0m▼
2023 · €17.4m
Debt > 1 year
€338,974
Income taxes
€74,609▼
2023 · €325,745
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €315,283 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €518,690 | - |
| Other operating charges640/8 | - | - | €979 | €980 | €45,425 | ▲ 4,535% |
| Gross operating margin9900 | €289,520 | €554,383 | €426,693 | €203,286 | €130,012 | ▼ 36.0% |
| Operating profit (loss)9901 | €288,669 | €553,515 | €425,714 | €202,306 | -€434,103 | ▼ 315% |
| Financial income75/76B | - | - | €9.0m | €2.6m | €1.2m | ▼ 53.4% |
| Recurring financial income75 | €689,264 | €861,121 | €9.0m | €2.6m | €1.1m | ▼ 58.2% |
| Non-recurring financial income76B | - | - | €12,500 | €0 | €124,379 | - |
| Financial charges65/66B | - | - | €1.3m | €391,799 | €507,183 | ▲ 29.4% |
| Recurring financial charges65 | €316,317 | €223,796 | €1.3m | €391,799 | €342,183 | ▼ 12.7% |
| Non-recurring financial charges66B | - | - | - | - | €165,000 | - |
| Profit (loss) for the period before taxes9903 | €661,617 | €1.2m | €8.2m | €2.4m | €279,896 | ▼ 88.5% |
| Income taxes67/77 | €0 | €10,706 | €14,814 | €325,745 | €74,609 | ▼ 77.1% |
| Profit (loss) for the period9904 | €661,617 | €1.2m | €8.2m | €2.1m | €205,288 | ▼ 90.3% |
| Profit (loss) for the period to be appropriated9905 | €661,617 | €1.2m | €8.2m | €2.1m | €205,288 | ▼ 90.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33.5m | €37.7m | €49.4m | €52.2m | €51.3m | ▼ 1.6% |
| Fixed assets21/28 | €26.1m | €27.6m | €29.2m | €32.3m | €35.3m | ▲ 9.0% |
| Financial fixed assets28 | €26.1m | €27.6m | €29.2m | €32.3m | €35.3m | ▲ 9.0% |
| Current assets29/58 | €7.5m | €10.2m | €20.2m | €19.8m | €16.1m | ▼ 18.9% |
| Amounts receivable after more than one year29 | - | - | €0 | - | - | - |
| Other amounts receivable291 | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €4.7m | €7.3m | €13.0m | €13.5m | €9.6m | ▼ 28.5% |
| Trade receivables40 | - | - | €131,993 | €198,515 | €134,640 | ▼ 32.2% |
| Other amounts receivable41 | - | - | €12.9m | €13.3m | €9.5m | ▼ 28.4% |
| Current investments50/53 | €1.4m | €1.4m | €1.4m | €4.0m | €4.9m | ▲ 22.6% |
| Cash at bank and in hand54/58 | €140,362 | €311,011 | €5.3m | €621,291 | €660,041 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | - | - | €600,101 | €1.8m | €894,476 | ▼ 49.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33.5m | €37.7m | €49.4m | €52.2m | €51.3m | ▼ 1.6% |
| Equity10/15 | €23.3m | €24.5m | €32.7m | €34.8m | €35.0m | ▲ 0.6% |
| Contributions10/11 | - | - | €17.1m | €17.1m | €17.1m | = |
| Revaluation surpluses12 | - | - | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €5.0m | €6.2m | €14.4m | €16.5m | €16.7m | ▲ 1.2% |
| Non-distributable reserves130/1 | - | - | €202,904 | €202,904 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €202,904 | €202,904 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | €1.1m | €1.1m | €1.1m | = |
| Distributable reserves133 | - | - | €13.0m | €15.2m | €15.6m | ▲ 2.7% |
| Amounts payable17/49 | €10.2m | €13.3m | €16.8m | €17.4m | €16.3m | ▼ 6.0% |
| Amounts payable after more than one year17 | - | - | - | - | €338,974 | - |
| Financial debts170/4 | - | - | - | - | €338,974 | - |
| Amounts payable within one year42/48 | €10.2m | €13.3m | €16.8m | €17.4m | €16.0m | ▼ 8.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | €290,000 | €290,000 | = |
| Financial debts43 | - | - | €0 | €1.0m | €1.0m | = |
| Credit institutions430/8 | - | - | €0 | €1.0m | €1.0m | = |
| Trade debts44 | €21,879 | €19,535 | €33,308 | €19,851 | €36,888 | ▲ 85.8% |
| Suppliers440/4 | - | - | €33,308 | €19,851 | €36,888 | ▲ 85.8% |
| Taxes, remuneration and social security45 | - | - | - | €304,551 | €56,351 | ▼ 81.5% |
| Taxes450/3 | - | - | - | €304,551 | €56,351 | ▼ 81.5% |
| Other amounts payable47/48 | - | - | €16.7m | €15.8m | €14.6m | ▼ 7.3% |
| Accrued charges and deferred income492/3 | - | - | €73 | €7,402 | €11,256 | ▲ 52.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €661,617 | €1.2m | €8.2m | €2.1m | €205,288 | ▼ 90.3% |
| Operating cash flow (approximation) | €661,617 | €1.2m | €8.2m | €2.1m | €205,288 | ▼ 90.3% |
| Investment in fixed assets (approximation) | - | -€1.5m | -€1.7m | -€3.1m | -€2.9m | ▲ 5.5% |
| Change in cash | - | €170,649 | €4.9m | -€4.6m | €38,750 | ▲ 101% |
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
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
2024
30-09
Financial
Weakest financial yearnet €205,288 ▼90.3%
Net result drops to €205,288, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €8.2m ▲595%
Net result €8.2m, the highest in the series.
30-09
Financial
Equity above €25mEq €32.7m ▲33.5%
5 profitable years in a row build equity to €32.7m.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
11-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Kortrijk · 1 establishment unit since 2007
Ground area
1,769 m²
Building footprint
529 m²
Volume, LiDAR
2,173 m³
Parcel 34353B0115/00T020, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CAVAHOLD
since 20072.160.986.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0115/00T020 | Flanders | 1,769 m² | 1 · 529 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
23 holdings · 6 subsidiaries in the treeOwners 0
The accounts to 30-09-2024 list no shareholders, and no other source names one.
Holdings 23
-
100%
-
100%
-
100%
-
99.99%
-
58.82%
-
50%
-
50%
-
49.93%
-
36.56%
-
25.83%
Show 13 more holdings
-
22.5%
-
22.5%
-
20%
-
17.17%
-
14.17%
-
13.23%
- Walen Weeshuis B.V.NLSourceown accounts 30-09-202412.87%
-
11.11%
-
10.01%
-
10.01%
-
10.01%
-
10%
-
10%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Breda Neubourg B.V.NL 100%
FABRICE INTERNATIONAL 100%1 subsidiary
- MER DU NORD 99.95%
- Under45 B.V.NL 100%
- Gifar 99.99%
- BIVERMA 58.82%
According to the annual accounts to 30-09-2024 of CAVAHOLD and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600I3C1TESKVGBW36
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 462 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
Founded11-01-2007
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886325622
Registered
20-11-2025
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.