CAVARX
ActiveSummary
CAVARX has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243,548 and a net result of -€64,454. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,775 | €15,358 | €16,175 | €15,207 | €15,245 | ▲ 0.3% |
| Other operating charges640/8 | €1,254 | €1,216 | €843 | €673 | €753 | ▲ 11.9% |
| Gross operating margin9900 | €65,264 | €67,012 | €67,450 | €85,476 | €72,368 | ▼ 15.3% |
| Operating profit (loss)9901 | €61,235 | €50,438 | €50,432 | €69,596 | €56,370 | ▼ 19.0% |
| Financial income75/76B | €7,541 | €5,359 | €2,133 | €2,170 | €3,893 | ▲ 79.4% |
| Recurring financial income75 | €7,541 | €5,359 | €2,133 | €2,170 | €3,893 | ▲ 79.4% |
| Financial charges65/66B | €149,613 | €5,626 | -€3,371 | €115,200 | €124,585 | ▲ 8.1% |
| Recurring financial charges65 | €149,613 | €5,626 | -€3,371 | €115,200 | €124,585 | ▲ 8.1% |
| Profit (loss) for the period before taxes9903 | -€80,837 | €50,171 | €55,936 | -€43,434 | -€64,322 | ▼ 48.1% |
| Income taxes67/77 | €420 | €175 | €14,094 | €128 | €132 | ▲ 3.1% |
| Profit (loss) for the period9904 | -€81,256 | €49,996 | €41,842 | -€43,562 | -€64,454 | ▼ 48.0% |
| Profit (loss) for the period to be appropriated9905 | -€81,256 | €49,996 | €41,842 | -€43,562 | -€64,454 | ▼ 48.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €428,682 | €477,823 | €490,895 | €498,728 | €495,837 | ▼ 0.6% |
| Fixed assets21/28 | €11,469 | €55,211 | €40,574 | €25,367 | €10,121 | ▼ 60.1% |
| Tangible fixed assets22/27 | €11,469 | €55,211 | €40,574 | €25,367 | €10,121 | ▼ 60.1% |
| Furniture and vehicles24 | €7,191 | €42,238 | €29,045 | €15,279 | €1,478 | ▼ 90.3% |
| Other tangible fixed assets26 | €4,278 | €12,973 | €11,528 | €10,088 | €8,644 | ▼ 14.3% |
| Current assets29/58 | €417,213 | €422,612 | €450,321 | €473,361 | €485,716 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €89,018 | €89,365 | €94,479 | €90,043 | €87,242 | ▼ 3.1% |
| Trade receivables40 | €78,535 | €87,936 | €93,049 | €89,520 | €86,206 | ▼ 3.7% |
| Other amounts receivable41 | €10,483 | €1,430 | €1,430 | €523 | €1,036 | ▲ 98.1% |
| Current investments50/53 | €206,120 | €205,496 | €210,534 | €212,520 | €214,939 | ▲ 1.1% |
| Cash at bank and in hand54/58 | €120,685 | €127,011 | €144,567 | €169,408 | €181,088 | ▲ 6.9% |
| Deferred charges and accrued income490/1 | €1,390 | €740 | €740 | €1,390 | €2,447 | ▲ 76.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €428,682 | €477,823 | €490,895 | €498,728 | €495,837 | ▼ 0.6% |
| Equity10/15 | €259,726 | €309,721 | €351,563 | €308,002 | €243,548 | ▼ 20.9% |
| Contributions10/11 | €14,460 | €14,460 | €14,460 | €14,460 | €14,460 | = |
| Reserves13 | €284,000 | €284,000 | €324,000 | €324,000 | €324,000 | = |
| Distributable reserves133 | €284,000 | €284,000 | €324,000 | €324,000 | €324,000 | = |
| Profit (loss) carried forward14 | -€38,734 | €11,261 | €13,103 | -€30,458 | -€94,912 | ▼ 212% |
| Amounts payable17/49 | €168,957 | €168,102 | €139,331 | €190,726 | €252,289 | ▲ 32.3% |
| Amounts payable after more than one year17 | - | €29,097 | €16,575 | €3,936 | €241 | ▼ 93.9% |
| Financial debts170/4 | - | €29,097 | €16,575 | €3,936 | €241 | ▼ 93.9% |
| Amounts payable within one year42/48 | €168,957 | €139,005 | €122,757 | €186,791 | €252,048 | ▲ 34.9% |
| Current portion of amounts payable after more than one year42 | €2,513 | €12,407 | €12,522 | €12,639 | €3,694 | ▼ 70.8% |
| Trade debts44 | €3,175 | €6,223 | €11,324 | €3,897 | €7,035 | ▲ 80.5% |
| Suppliers440/4 | €3,175 | €6,223 | €11,324 | €3,897 | €7,035 | ▲ 80.5% |
| Taxes, remuneration and social security45 | - | - | €13,454 | €13,454 | - | - |
| Taxes450/3 | - | - | €13,454 | €13,454 | - | - |
| Other amounts payable47/48 | €163,269 | €120,375 | €85,456 | €156,801 | €241,319 | ▲ 53.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€81,256 | €49,996 | €41,842 | -€43,562 | -€64,454 | ▼ 48.0% |
| + Depreciation and write-downs630 | €2,775 | €15,358 | €16,175 | €15,207 | €15,245 | ▲ 0.3% |
| Operating cash flow (approximation) | -€78,481 | €65,354 | €58,017 | -€28,355 | -€49,209 | ▼ 73.5% |
| Investment in fixed assets (approximation) | - | -€59,100 | -€1,538 | €0 | €0 | - |
| Change in cash | - | €6,325 | €17,557 | €24,840 | €11,680 | ▼ 53.0% |
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
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.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25042A0246/00F000 | Wallonia | 4,461 m² | 1 · 267 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Company details
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Register as of 1 October 2026 · Peppol Directory
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