Equity
€368,600 ▼ 52.0%
CAVANCO paid out €463,850 in dividends. That is 716% of the 2025 profit.
CAVANCO
Overview
Lifetime
7 annual accounts with figures on one time axispeak €112,598 (2019)
€84,814▼ 18.7%
peak €400,747 (2024)
€64,769▼ 83.8%
peak €767,681 (2024)
€368,600▼ 52.0%
€736,559▲ 90.4%
Board2 names since 2018
2 directorsCasier Hannelore and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €104,373 to €84,814Result from €400,747 to €64,769Dividend €463,850Equity from €767,681 to €368,600Debts from €386,766 to €736,559Investments €7,823
Key points
from the 2025 annual accountsResult
€64,769 ▼ 83.8%
The result fell in 2025: the 2024 profit included a one-off income of €341,879.
Debts
€736,559 ▲ 90.4%
Debts rose by €349,792 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€7,823 2.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 1572.8% higher than in 2024.
Liquidity
2.56 was 15.39 in 2024
Short-term debts rose from €73,837 to €423,449.
Filings
7 annual accounts 5 late
The 2022 accounts came latest: 29 days after the end of the period.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal, which does not raise the risk
1 signal.
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 days early
2024
26 days late
2023
5 days early
2022
29 days late
2021
25 days late
2020
17 days late
2019
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
CH
Casier Hannelore
Director, since 14-11-2018
VS
Van Steen Peter
Director, since 14-11-2018
Shares in 1 company, LETOPLAST INVEST
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0713554665
Registered office moved within Izegem
New registered office: Meensesteenweg 109, 8870 Izegem · Previous registered office: Leenstraat 105 bus 241, 8870 Izegem · Board meeting of 28-07-2021 · Gazette deed
Incorporation
published on 19-11-2018 · Gazette deed
First establishment
Meensesteenweg 109, Izegem
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as CAVANCO: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €981,000 and €1.4m, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 14-11-2018Normal situation
- Activity
- Activities of holding companiesNACE 64210and 1 other
- Establishment unit
- 2.282.264.1048870 Izegem, since 14-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €64,769▼ 83.8%
- €368,600▼ 52.0%
- €1.1m▼ 4.3%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on CAVANCO
CAVANCO files the micro format. That format states no turnover. The gross margin fell from €112,598 in 2019 to €84,814 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 15-07-2026, 16 days before the deadline€368,600
▼ 52.0%
€1.1m
▼ 4.3%
€64,769
▼ 83.8%
33.4%
▼ 33.1 percentage points
17.6%
▼ 34.6 percentage points
5.9%
▼ 28.9 percentage points
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €1.1m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
33.4%
Higher than 36% of 9,767 companies in 2025.
5.9%
Higher than 39% of 9,621 companies in 2025.
CAVANCO
Middle half of the sector
80% of the sector
Micro accounts in financial services (NACE 64)
Net result: middle half · Equity: middle half · Balance sheet total: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.1m | 1.2m | 1.8m | 1.8m | 1.9m | 1.9m | 2.2m | |
20 |
- | - | - | - | - | 0 | 0 | |
21/28 |
22,773 | 17,934 | 1.7m | 1.8m | 1.8m | 1.7m | 1.7m | |
21 |
- | - | - | - | - | 0 | 0 | |
22/27 |
22,773 | 17,934 | 21,168 | 23,724 | 27,467 | 6,963 | 6,210 | |
22 |
- | - | - | - | - | 0 | 0 | |
23 |
7,376 | 441 | 1,577 | 2,036 | 3,682 | 753 | 0 | |
24 |
6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | |
26 |
9,186 | 11,283 | 13,381 | 15,478 | 17,575 | 0 | 0 | |
27 |
- | - | - | - | - | 0 | 0 | |
28 |
- | - | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | |
29/58 |
1.1m | 1.1m | 44,232 | 55,631 | 96,798 | 136,825 | 462,180 | |
290 |
- | - | - | - | - | 0 | 0 | |
291 |
- | - | - | - | - | 0 | 0 | |
3 |
- | - | - | - | - | 0 | 0 | |
30/36 |
- | - | - | - | - | 0 | 0 | |
37 |
- | - | - | - | - | 0 | 0 | |
40/41 |
513,293 | 509,593 | 11,658 | 8,522 | 3,741 | 20,340 | 21,121 | |
40 |
7,350 | 5,268 | 8,658 | 5,522 | 3,540 | 20,340 | 21,121 | |
41 |
505,942 | 504,324 | 3,000 | 3,000 | 202 | 0 | 0 | |
50/53 |
502,487 | 577,692 | - | - | - | 0 | 0 | |
54/58 |
64,075 | 47,350 | 28,065 | 42,938 | 91,261 | 115,165 | 439,778 | |
490/1 |
2,532 | 1,878 | 4,509 | 4,171 | 1,796 | 1,320 | 1,280 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.1m | 1.2m | 1.8m | 1.8m | 1.9m | 1.9m | 2.2m | |
10/15 |
368,600 | 767,681 | 368,600 | 542,825 | 522,249 | 463,483 | 429,095 | |
10/11 |
368,600 | 368,600 | 368,600 | 368,600 | 368,600 | 368,600 | 368,600 | |
100 |
- | - | - | - | - | - | 368,600 | |
101 |
- | - | - | - | - | - | 0 | |
11 |
- | - | - | - | - | - | 0 | |
1100/10 |
- | - | - | - | - | - | 0 | |
12 |
- | - | - | - | - | 0 | 0 | |
13 |
- | 399,081 | - | 174,225 | 153,649 | 94,883 | 60,495 | |
130 |
- | - | - | - | - | - | 0 | |
1311 |
- | - | - | - | - | 0 | - | |
1312 |
- | - | - | - | - | - | 0 | |
1313 |
- | - | - | - | - | 0 | - | |
1319 |
- | - | - | - | - | 0 | 0 | |
132 |
- | - | - | - | - | 0 | 0 | |
133 |
- | 399,081 | - | 174,225 | 153,649 | 94,883 | 60,495 | |
14 |
- | - | - | - | - | 0 | 0 | |
15 |
- | - | - | - | - | 0 | 0 | |
160/5 |
- | - | - | - | - | 0 | 0 | |
160 |
- | - | - | - | - | 0 | 0 | |
161 |
- | - | - | - | - | 0 | 0 | |
162 |
- | - | - | - | - | 0 | 0 | |
163 |
- | - | - | - | - | 0 | 0 | |
164/5 |
- | - | - | - | - | 0 | 0 | |
168 |
- | - | - | - | - | 0 | 0 | |
17/49 |
736,559 | 386,766 | 1.4m | 1.3m | 1.3m | 1.4m | 1.8m | |
17 |
310,314 | 295,314 | 478,500 | 447,500 | 412,000 | 362,000 | 362,000 | |
170/4 |
310,314 | 295,314 | 478,500 | 447,500 | 412,000 | 362,000 | 362,000 | |
175 |
- | - | - | - | - | 0 | 0 | |
176 |
- | - | - | - | - | 0 | 0 | |
178/9 |
- | - | - | - | - | 0 | 0 | |
42/48 |
423,449 | 73,837 | 927,460 | 799,602 | 900,396 | 1.0m | 1.4m | |
42 |
- | - | - | - | - | 0 | 0 | |
43 |
- | - | 625,000 | 750,000 | 875,000 | 1.0m | 1.0m | |
430/8 |
- | - | 625,000 | 750,000 | 875,000 | 1.0m | 1.0m | |
439 |
- | - | - | - | - | 0 | 0 | |
44 |
2,830 | 463 | 980 | 440 | 173 | 1,058 | 838 | |
440/4 |
2,830 | 463 | 980 | 440 | 173 | 1,058 | 838 | |
441 |
- | - | - | - | - | 0 | 0 | |
46 |
- | - | - | - | - | 0 | 0 | |
45 |
15,050 | 15,234 | 17,097 | 26,361 | 18,882 | 43,562 | 42,492 | |
450/3 |
15,050 | 15,234 | 17,097 | 23,361 | 18,882 | 43,562 | 42,492 | |
454/9 |
- | - | - | 3,000 | - | 0 | 0 | |
47/48 |
405,570 | 58,140 | 284,382 | 22,801 | 6,341 | 2,307 | 353,339 | |
492/3 |
2,796 | 17,616 | 19,462 | 18,049 | 18,242 | 0 | 9,247 | |
| Income statement | ||||||||
76A |
- | - | - | - | - | 0 | 0 | |
9900 |
84,814 | 104,373 | 92,643 | 75,328 | 85,806 | 86,662 | 112,598 | |
62 |
- | - | - | - | - | 0 | 0 | |
630 |
2,985 | 3,233 | 3,825 | 3,744 | 1,991 | 345 | 2,851 | |
631/4 |
- | - | - | - | - | 0 | 0 | |
635/8 |
- | - | - | - | - | 0 | 0 | |
640/8 |
1,914 | 2,790 | 2,321 | 1,929 | 1,970 | 1,830 | 1,632 | |
649 |
- | - | - | - | - | 0 | 0 | |
66A |
- | - | - | - | - | 0 | 0 | |
9901 |
79,915 | 98,350 | 86,497 | 69,655 | 81,845 | 84,487 | 108,115 | |
75/76B |
29,405 | 365,560 | 51,859 | 4 | 25,930 | 0 | 0 | |
75 |
29,405 | 23,681 | 51,859 | 4 | 25,930 | 0 | 0 | |
76B |
- | 341,879 | - | - | - | 0 | 0 | |
65/66B |
24,267 | 41,515 | 58,908 | 34,872 | 33,732 | 33,338 | 14,361 | |
65 |
24,267 | 41,515 | 58,908 | 34,872 | 33,732 | 33,338 | 14,361 | |
66B |
- | - | - | - | - | 0 | 0 | |
9903 |
85,053 | 422,394 | 79,448 | 34,787 | 74,043 | 51,149 | 93,754 | |
67/77 |
20,284 | 21,647 | 10,363 | 12,611 | 13,677 | 15,161 | 31,635 | |
9904 |
64,769 | 400,747 | 69,085 | 22,176 | 60,366 | 35,989 | 62,119 | |
789 |
- | - | - | - | - | 0 | 0 | |
689 |
- | - | - | - | - | 0 | 0 | |
9905 |
64,769 | 400,747 | 69,085 | 22,176 | 60,366 | 35,989 | 62,119 | |
| Appropriation of the result | ||||||||
9906 |
64,769 | 400,747 | 69,085 | 22,176 | 60,366 | 35,989 | 62,119 | |
791/2 |
399,081 | - | 174,225 | - | - | 0 | 0 | |
691/2 |
- | 399,081 | - | 20,576 | 58,766 | 34,389 | 60,495 | |
691 |
- | - | - | - | - | 0 | 0 | |
6920 |
- | - | - | - | - | 0 | 0 | |
6921 |
- | 399,081 | - | 20,576 | 58,766 | 34,389 | 60,495 | |
694/7 |
463,850 | 1,666 | 243,310 | 1,600 | 1,600 | 1,600 | 1,624 | |
694 |
463,850 | 1,666 | 243,310 | 1,600 | 1,600 | 1,600 | 1,624 | |
695 |
- | - | - | - | - | 0 | 0 | |
696 |
- | - | - | - | - | 0 | 0 | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00307837 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00414059 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00298495 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00382829 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20325586 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-51700312 | |
| 31-12-2019 | micro format | 12-08-2020 | 2020-42000586 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 7,823 | -1.7m | 1,269 | 0 | 22,495 | 1,098 | 1.7m | ||
| 16,725 | 19,285 | -14,873 | -48,323 | -23,904 | -324,613 | - | ||
| 33.4% | 66.5% | 20.5% | 30.0% | 28.2% | 24.8% | 19.5% | ||
| 17.6% | 52.2% | 18.7% | 4.1% | 11.6% | 7.8% | 14.5% | ||
| 5.9% | 34.7% | 3.9% | 1.2% | 3.3% | 1.9% | 2.8% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,823 | - | €1,269 | - | €22,495 |
| €2,985 | €3,233 | €3,825 | €3,744 | €1,991 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CAVANCO
The operating result for 2025 is 19% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 33.5% to 66.6%. Equity is lower and debt is higher.
Large changes and their cause
- 2025 Net result -84% on 2024. The 2024 profit included a one-off income of €341,879.
- 2024 Net result +480% on 2023. The 2024 profit included a one-off income of €341,879.
Board & ownership
Board
2 directorsMandates through the years
2 names, the dashed line is todayCasier Hannelore
Director
Director
Van Steen Peter
Director
Director
Board
Mandates as a list
- Casier Hannelore
- Director, from 14-11-2018 to date
- Van Steen Peter
- Director, from 14-11-2018 to date
Control
Capital
- Contribution
- €368,600
- Source
- 2025 annual accounts
Network & group
Holdings
own 2023 accountsThis companyCAVANCO1 holding, 1 country
2023 accounts
Belgium 1 Equity Result
- BE Letoplast Invest10.1% €13.1m result €1.0m
Source: list of holdings in its own 2023 accounts. Every holding stands with its own latest accounts.
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- Equity €13.1m Profit of €1.0m in 2025 (profit of €1.5m in 2024)Sourceown accounts 202310.1%
Holdings through the years 2019 to 2023
| Name | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| LETOPLAST INVEST | 10.1% | ||||
Source: list of holdings in its own accounts
Board mandates elsewhere
2 board mandatesBoard mandates of CAVANCOCAVANCO sits on their board2
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
15 events since 2018Filings
Financial
Establishments
Address
20182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 16 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0713554665
2025
Annual accounts 2024 filed PDFmicro format · 26 days late
2024
Highest result from 2019 to 2025 net €400,747 ▲480% The net result of €400,747 is the highest of those years.
Liquidity more than 322 times current ratio 15.39 The current ratio rises from 0.05 to 15.39. Short-term debt falls from €927,460 to €73,837.
Annual accounts 2023 filed PDFmicro format · 5 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 29 days late
2022
Weakest financial year net €22,176 ▼63.3% The net result drops to €22,176, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 25 days late
2021
Equity above €500,000 equity €522,249 ▲12.7% With a profit in every financial year since 2019, equity grows to €522,249.
Registered office moved within IzegemNew registered office: Meensesteenweg 109, 8870 Izegem · Previous registered office: Leenstraat 105 bus 241, 8870 Izegem · Board meeting of 28-07-20212 points ▸
- Board meeting, 28-07-2021
- Registered-office move, Meensesteenweg 109, 8870 Izegem
Annual accounts 2020 filed PDFmicro format · 17 days late
2020
Annual accounts 2019 filed PDFmicro format · 12 days late
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0713.554.665
- VAT number
- BE 0713.554.665
- Peppol ID
- 0208:0713554665
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-11-2018
- Financial year
- ends on 31 December
- Peppol
- Reachable since 27-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CAVANCO in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
86909
Human health activities
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Meensesteenweg 109 registered office 8870 Izegem 47730 Retail sale of pharmaceutical products | 14-11-2018 | 2.282.264.104 |
Buildings and parcels at the address
- Ground area
- 2,697 m²
- Buildings
- 572 m²
- Volume, LiDAR
- 930 m³
- Tallest building
- 10.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36008C0595/00R000 | 2,697 m² | 1 · 572 m² | 10.8 m |