CAVANKO
ActiveCAVANKO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449k and a net result of €53k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+12
Solvency57▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.31 in 2024; short-term debt: 46.5% and cash: 18.5% of total assets), and 67.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.4%
Return on assets
3.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
30 d early
2023
24 d late
2022
2 d early
2021
1 d early
2020
1 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€449k▼ 9.4%
2024 · €496k
2019: €215k
2020: €288k
2021: €345k
2022: €416k
2023: €497k
2024: €496k
2019 → 2025
Total assets
€1.39M▲ 3.0%
2024 · €1.35M
2019: €418k
2020: €414k
2021: €661k
2022: €815k
2023: €878k
2024: €1.35M
2019 → 2025
Net result
€53k
2024 · €-920
2019: €95k
2020: €73k
2021: €58k
2022: €71k
2023: €82k
2024: €-920
2019 → 2025
Working capital
€-387k▼ 5.2%
2024 · €-368k
2019: €-53k
2020: €-14k
2021: €-17k
2022: €68k
2023: €154k
2024: €-368k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€345k-€416k▲ 20.6%€497k▲ 19.5%€496k▼ 0.4%€449k▼ 9.4%
Operating result€78k-€95k▲ 21.7%€115k▲ 21.3%€28k▼ 76.0%€95k▲ 244%
Net result€58k-€71k▲ 23.8%€82k▲ 14.9%€-920€53k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 244% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€1.13M▼ 4.3%
Current assets
€258k▲ 53.7%
Equity and liabilities €1.39M
Equity
€449k▼ 9.4%
Debt
€939k▲ 10.2%
The debt ratio rises from 63.2% to 67.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€145k▼
2024 · €151k
Cash flow
€104k▼
2024 · €123k
Solvency
32.4%▼
2024 · 36.8%
Current ratio
0.40▲
2024 · 0.31
Quick ratio
0.40▲
2024 · 0.31
Debt / equity
2.09▲
2024 · 1.72
ROE
11.9%▲
2024 · -0.2%
ROA
3.8%▲
2024 · -0.1%
Interest coverage
6.27▲
2024 · 5.20
Debt
€939k▲
2024 · €852k
Debt ≤ 1 year
€646k▲
2024 · €536k
Debt > 1 year
€286k▼
2024 · €310k
Income taxes
€18k▲
2024 · €168
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.39M▲
Fixed assets21/28€1.18M€1.13M▼
Tangible fixed assets22/27€1.18M€1.13M▼
Land and buildings22€1.18M€1.13M▼
Current assets29/58€168k€258k▲
Amounts receivable within one year40/41€29k€2k▼
Other amounts receivable41€29k€2k▼
Cash at bank and in hand54/58€138k€256k▲
Deferred charges and accrued income490/1€783€410▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.39M▲
Equity10/15€496k€449k▼
Contributions10/11€120k€120k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€364k€317k▼
Amounts payable17/49€852k€939k▲
Amounts payable after more than one year17€310k€286k▼
Financial debts170/4€310k€286k▼
Amounts payable within one year42/48€536k€646k▲
Current portion of amounts payable after more than one year42€26k€26k▲
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€994€506▼
Suppliers440/4€994€506▼
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€9k€9k▲
Other amounts payable47/48€833€110k▲
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€50k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€155k€152k▼
Operating profit (loss)9901€28k€95k▲
Financial income75/76B€803€136▼
Recurring financial income75€803€136▼
Financial charges65/66B€29k€23k▼
Recurring financial charges65€29k€23k▼
Profit (loss) for the period before taxes9903€-752€72k▲
Income taxes67/77€168€18k▲
Profit (loss) for the period9904€-920€53k▲
Profit (loss) for the period to be appropriated9905€-920€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€364k€417k▲
Profit (loss) brought forward from the previous period14P€365k€364k▼
Profit to be distributed694/7€833€100k▲
Return on contributions (dividend)694€833€100k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-920 ▼101%
Net result drops to €-920, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity quadruplescurrent ratio 2.68
Current ratio from 0.74 to 2.68; short-term debt falls from €65k to €40k.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beekstraat(Kor) 1088500 KortrijkGround area
4,165 m²
Building footprint
524 m²
Volume, LiDAR
3,084 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cavanko
since 20172.269.963.613
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0336/00L000 | Flanders | 2,838 m² | 1 · 252 m² | 10.5 m · 2 fl. |
| 34354D0408/00G002 | Flanders | 1,326 m² | 1 · 272 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ZARMA
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XAVIER PIERLET
BE 0816.570.843
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Hub Invest
BE 0817.501.449
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MERCURE.T
BE 0899.263.541
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2017
Fiscal year end30-09
Activities, NACEBEL
68110Buying and selling of own real estate
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.