Cavaro
ActiveCavaro has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €2k. Equity is growing by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-12
Solvency26=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.15 against 1.15 in 2024; short-term debt: 86.5% and cash: 3.4% of total assets), and 98.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
1.5%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11282 sector peers (2025).
NBB · sector comparisonPosition among 11282 sector peers
Solvency
better than 20%
← 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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
7 d early
2022
25 d late
2021
30 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 25.3%
2024 · €9k
2018: €-212k
2019: €-247k
2020: €-118k
2021: €-106k
2022: €-58k
2023: €-23k
2024: €9k
2018 → 2025
Total assets
€733k▲ 3.5%
2024 · €708k
2018: €790k
2019: €695k
2020: €1.11M
2021: €718k
2022: €724k
2023: €760k
2024: €708k
2018 → 2025
Net result
€2k▼ 93.1%
2024 · €32k
2018: €-140k
2019: €-30k
2020: €129k
2021: €12k
2022: €48k
2023: €35k
2024: €32k
2018 → 2025
Working capital
€96k▲ 5.1%
2024 · €91k
2018: €-115k
2019: €-103k
2020: €30k
2021: €-6k
2022: €23k
2023: €60k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-106k-€-58k▲ 45.6%€-23k▲ 60.3%€9k€11k▲ 25.3%
Operating result€30k-€58k▲ 89.8%€49k▼ 15.8%€46k▼ 4.9%€16k▼ 65.1%
Net result€12k-€48k▲ 297%€35k▼ 28.1%€32k▼ 9.3%€2k▼ 93.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 65% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €733k
Fixed assets
€3k▼ 44.0%
Current assets
€730k▲ 3.9%
Equity and liabilities €733k
Equity
€11k▲ 25.3%
Debt
€722k▲ 3.2%
The debt ratio falls from 98.8% to 98.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €49k
Cash flow
€5k▼
2024 · €34k
Solvency
1.5%▲
2024 · 1.2%
Current ratio
1.15▲
2024 · 1.15
Quick ratio
0.54▲
2024 · 0.51
Debt / equity
66.95▼
2024 · 81.24
ROE
20.2%▼
2024 · 366.0%
ROA
0.3%▼
2024 · 4.5%
Interest coverage
1.33▼
2024 · 2.14
Debt
€722k▲
2024 · €700k
Debt ≤ 1 year
€634k▲
2024 · €612k
Staff costs
€0
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€708k€733k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Land and buildings22€3k€3k▼
Furniture and vehicles24€2k€6▼
Current assets29/58€703k€730k▲
Stocks and contracts in progress3€390k€390k=
Stocks30/36€390k€390k=
Amounts receivable within one year40/41€312k€313k▲
Trade receivables40€305k€306k▲
Other amounts receivable41€7k€7k▲
Current investments50/53-€436
Cash at bank and in hand54/58-€25k
Deferred charges and accrued income490/1-€936
Equity and liabilities
Total equity and liabilities10/49€708k€733k▲
Equity10/15€9k€11k▲
Contributions10/11€79k€79k=
Reserves13€10k€8k▼
Tax-exempt reserves132€153€153=
Distributable reserves133€10k€8k▼
Profit (loss) carried forward14€-81k€-77k▲
Amounts payable17/49€700k€722k▲
Amounts payable within one year42/48€612k€634k▲
Financial debts43€241k€255k▲
Credit institutions430/8€241k-
Other loans439-€255k
Trade debts44€207k€228k▲
Suppliers440/4€207k€228k▲
Taxes, remuneration and social security45€1k€685▼
Taxes450/3€1k€685▼
Other amounts payable47/48€162k€150k▼
Accrued charges and deferred income492/3€88k€88k=
Income statement
Code20242025
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€50k€20k▼
Operating profit (loss)9901€46k€16k▼
Financial income75/76B€8k€0▼
Recurring financial income75€8k€0▼
Financial charges65/66B€23k€14k▼
Recurring financial charges65€23k€14k▼
Profit (loss) for the period before taxes9903€32k€2k▼
Profit (loss) for the period9904€32k€2k▼
Profit (loss) for the period to be appropriated9905€32k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-81k€-78k▲
Profit (loss) brought forward from the previous period14P€-112k€-81k▲
Transfer from equity791/2-€2k
The notes to these accounts (4 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €129k
Net result €129k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Bonheiden · 1 establishment unit since 2006
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.
Doornlaarstraat 322820 BonheidenGround area
2,435 m²
Building footprint
206 m²
Volume, LiDAR
1,220 m³
Parcel 12031B0752/00H000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAVARO
since 20062.154.531.534
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0752/00H000 | Flanders | 2,435 m² | 1 · 206 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Van Barno Group
BE 0840.478.175
Wortegem-Petegem · Eq €11k
Blitz Motors International
BE 0735.768.952
Machelen (Brab.) · Eq €11k
MOTOCASH
BE 0817.676.049
Beyne-Heusay · Eq €9k
WELBESPAAKT
BE 0795.153.540
Blankenberge · Eq €16k
Volts
BE 0677.778.293
Kapellen · Eq €16k
Of 169 companies in sector 46730 we hold annual accounts for 89. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2006
Fiscal year end31-12
Activities, NACEBEL
45401
46730Wholesale trade
50101
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45310
47820Retail sale of motor vehicle parts and accessories
45402
46180Agents specialised in the wholesale of other particular products
46720Wholesale of motor vehicle parts and accessories
47830Retail sale of motorcycles and motorcycle parts and accessories
50102
50200
50301
50302
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.