Summary
CAVANCO 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 €368,600 and a net result of €64,769. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 8074 sector peers (fiscal year 2025). The company has been active since 2018 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
16 d early
2024
26 d late
2023
5 d early
2022
29 d late
2021
25 d late
2020
17 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€368,600▼ 52.0%
2024 · €767,681
Net result
€64,769▼ 83.8%
2024 · €400,747
Total assets
€1.1m▼ 4.3%
2024 · €1.2m
Solvency
33.4%▼ 33.1pp
2024 · 66.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€81,845▼ 24.3%€69,655▼ 14.9%€86,497▲ 24.2%€98,350▲ 13.7%€79,915▼ 18.7%
Net result€60,366within the sector's middle half▼ 2.8%€22,176within the sector's middle half▼ 63.3%€69,085within the sector's middle half▲ 212%€400,747above the sector's middle half▲ 480%€64,769within the sector's middle half▼ 83.8%
Equity€522,249above the sector's middle half▲ 12.7%€542,825above the sector's middle half▲ 3.9%€368,600within the sector's middle half▼ 32.1%€767,681above the sector's middle half▲ 108%€368,600within the sector's middle half▼ 52.0%
Total assets€1.9mabove the sector's middle half▼ 15.7%€1.8mabove the sector's middle half▼ 2.4%€1.8mabove the sector's middle half▼ 0.8%€1.2mabove the sector's middle half▼ 35.7%€1.1mabove the sector's middle half▼ 4.3%
Debt€1.3m▼ 24.7%€1.3m▼ 4.9%€1.4m▲ 12.7%€386,766▼ 72.9%€736,559▲ 90.4%
Working capital-€803,598▲ 14.0%-€743,971▲ 7.4%-€883,227▼ 18.7%€1.1m€658,936▼ 38.0%
Solvency28.2%within the sector's middle half▲ 7.1pp30.0%within the sector's middle half▲ 1.8pp20.5%below the sector's middle half▼ 9.5pp66.5%within the sector's middle half▲ 46.0pp33.4%within the sector's middle half▼ 33.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€22,773 ▲ 27.0%
Current assets
€1.1m ▼ 4.8%
Equity and liabilities €1.1m
Equity
€368,600 ▼ 52.0%
Debt
€736,559 ▲ 90.4%
Debt's share of the balance-sheet total rises from 33.5% to 66.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
17.6%▼
2024 · 52.2%
ROA
5.9%▼
2024 · 34.7%
Debt ≤ 1 year
€423,449▲
2024 · €73,837
Debt > 1 year
€310,314▲
2024 · €295,314
Income taxes
€20,284▼
2024 · €21,647
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,991 | €3,744 | €3,825 | €3,233 | €2,985 | ▼ 7.7% |
| Other operating charges640/8 | €1,970 | €1,929 | €2,321 | €2,790 | €1,914 | ▼ 31.4% |
| Gross operating margin9900 | €85,806 | €75,328 | €92,643 | €104,373 | €84,814 | ▼ 18.7% |
| Operating profit (loss)9901 | €81,845 | €69,655 | €86,497 | €98,350 | €79,915 | ▼ 18.7% |
| Financial income75/76B | €25,930 | €4 | €51,859 | €365,560 | €29,405 | ▼ 92.0% |
| Recurring financial income75 | €25,930 | €4 | €51,859 | €23,681 | €29,405 | ▲ 24.2% |
| Non-recurring financial income76B | - | - | - | €341,879 | - | - |
| Financial charges65/66B | €33,732 | €34,872 | €58,908 | €41,515 | €24,267 | ▼ 41.5% |
| Recurring financial charges65 | €33,732 | €34,872 | €58,908 | €41,515 | €24,267 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €74,043 | €34,787 | €79,448 | €422,394 | €85,053 | ▼ 79.9% |
| Income taxes67/77 | €13,677 | €12,611 | €10,363 | €21,647 | €20,284 | ▼ 6.3% |
| Profit (loss) for the period9904 | €60,366 | €22,176 | €69,085 | €400,747 | €64,769 | ▼ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €60,366 | €22,176 | €69,085 | €400,747 | €64,769 | ▼ 83.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | €1.2m | €1.1m | ▼ 4.3% |
| Fixed assets21/28 | €1.8m | €1.8m | €1.7m | €17,934 | €22,773 | ▲ 27.0% |
| Tangible fixed assets22/27 | €27,467 | €23,724 | €21,168 | €17,934 | €22,773 | ▲ 27.0% |
| Plant, machinery and equipment23 | €3,682 | €2,036 | €1,577 | €441 | €7,376 | ▲ 1,573% |
| Furniture and vehicles24 | €6,210 | €6,210 | €6,210 | €6,210 | €6,210 | = |
| Other tangible fixed assets26 | €17,575 | €15,478 | €13,381 | €11,283 | €9,186 | ▼ 18.6% |
| Financial fixed assets28 | €1.7m | €1.7m | €1.7m | - | - | - |
| Current assets29/58 | €96,798 | €55,631 | €44,232 | €1.1m | €1.1m | ▼ 4.8% |
| Amounts receivable within one year40/41 | €3,741 | €8,522 | €11,658 | €509,593 | €513,293 | ▲ 0.7% |
| Trade receivables40 | €3,540 | €5,522 | €8,658 | €5,268 | €7,350 | ▲ 39.5% |
| Other amounts receivable41 | €202 | €3,000 | €3,000 | €504,324 | €505,942 | ▲ 0.3% |
| Current investments50/53 | - | - | - | €577,692 | €502,487 | ▼ 13.0% |
| Cash at bank and in hand54/58 | €91,261 | €42,938 | €28,065 | €47,350 | €64,075 | ▲ 35.3% |
| Deferred charges and accrued income490/1 | €1,796 | €4,171 | €4,509 | €1,878 | €2,532 | ▲ 34.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | €1.2m | €1.1m | ▼ 4.3% |
| Equity10/15 | €522,249 | €542,825 | €368,600 | €767,681 | €368,600 | ▼ 52.0% |
| Contributions10/11 | €368,600 | €368,600 | €368,600 | €368,600 | €368,600 | = |
| Reserves13 | €153,649 | €174,225 | - | €399,081 | - | - |
| Distributable reserves133 | €153,649 | €174,225 | - | €399,081 | - | - |
| Amounts payable17/49 | €1.3m | €1.3m | €1.4m | €386,766 | €736,559 | ▲ 90.4% |
| Amounts payable after more than one year17 | €412,000 | €447,500 | €478,500 | €295,314 | €310,314 | ▲ 5.1% |
| Financial debts170/4 | €412,000 | €447,500 | €478,500 | €295,314 | €310,314 | ▲ 5.1% |
| Amounts payable within one year42/48 | €900,396 | €799,602 | €927,460 | €73,837 | €423,449 | ▲ 473% |
| Financial debts43 | €875,000 | €750,000 | €625,000 | - | - | - |
| Credit institutions430/8 | €875,000 | €750,000 | €625,000 | - | - | - |
| Trade debts44 | €173 | €440 | €980 | €463 | €2,830 | ▲ 511% |
| Suppliers440/4 | €173 | €440 | €980 | €463 | €2,830 | ▲ 511% |
| Taxes, remuneration and social security45 | €18,882 | €26,361 | €17,097 | €15,234 | €15,050 | ▼ 1.2% |
| Taxes450/3 | €18,882 | €23,361 | €17,097 | €15,234 | €15,050 | ▼ 1.2% |
| Remuneration and social security454/9 | - | €3,000 | - | - | - | - |
| Other amounts payable47/48 | €6,341 | €22,801 | €284,382 | €58,140 | €405,570 | ▲ 598% |
| Accrued charges and deferred income492/3 | €18,242 | €18,049 | €19,462 | €17,616 | €2,796 | ▼ 84.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,366 | €22,176 | €69,085 | €400,747 | €64,769 | ▼ 83.8% |
| + Depreciation and write-downs630 | €1,991 | €3,744 | €3,825 | €3,233 | €2,985 | ▼ 7.7% |
| Operating cash flow (approximation) | €62,357 | €25,920 | €72,910 | €403,980 | €67,753 | ▼ 83.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,269 | €1.7m | -€7,823 | ▼ 100% |
| Change in cash | - | -€48,323 | -€14,873 | €19,285 | €16,725 | ▼ 13.3% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2019net €400,747 ▲480%
Net result €400,747, the highest in the series.
31-12
Financial
Liquidity times 323current ratio 15.39
Current ratio from 0.05 to 15.39; short-term debt falls from €927,460 to €73,837.
31-12
Financial
Equity above €500,000Eq €767,681 ▲108%
6 profitable years in a row build equity to €767,681.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €22,176 ▼63.3%
Net result drops to €22,176, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €500,000Eq €522,249 ▲12.7%
3 profitable years in a row build equity to €522,249.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Izegem · 1 establishment unit since 2018
Ground area
2,697 m²
Building footprint
572 m²
Volume, LiDAR
930 m³
Parcel 36008C0595/00R000, Flanders · tallest building 10.8 m. Linked by address, not a title deed.
1 establishment unit
CAVANCO
since 20182.282.264.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0595/00R000 | Flanders | 2,697 m² | 1 · 572 m² | 10.8 m |
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
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
10.1%
According to the 2023 annual accounts of CAVANCO 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,771 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
Founded14-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713554665
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.