CAVE
CAVE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €582k and a net result of €-26k. Equity is shrinking by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €582k |
| Net result | €-26k |
| Staff (FTE) | 0.9 |
| Better than sector | 36% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.2% | 16.2% | |
| Net result | €-26k | €6k | |
| Equity | €582k | €167k | |
| Gross operating margin | €726k | €77k | |
| Staff costs | €107k | €70k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €579k | €452k | €408k |
| Net profit | €-26k | €-330k | €-704 |
| Cash flow | €305k | €216k | €265k |
| Staff costs | €107k | €66k | €92k |
| Income taxes | €3k | €61 | €1k |
| Dividends | - | - | - |
| Total assets | €8.13M | €8.38M | €6.57M |
| Equity | €582k | €608k | €938k |
| Debt | €7.49M | €7.69M | €5.55M |
| of which ≤ 1y | €1.67M | €1.68M | €1.18M |
| of which > 1y | €5.73M | €5.91M | €4.32M |
| Working capital | €-1.39M | €-1.28M | €-653k |
| Employees (FTE) | 0.9 | 0.9 | 0.9 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.16 | 0.24 | 0.45 |
| Quick ratio | 0.16 | 0.24 | 0.45 |
| Working capital ratio | -17.1% | -15.3% | -9.9% |
| Solvency | 7.2% | 7.3% | 14.3% |
| Debt / equity | 12.87 | 12.66 | 5.92 |
| Long-term debt ratio | 9.84 | 9.73 | 4.61 |
| Interest coverage | 2.08 | 1.84 | 2.82 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -0.3% | -3.9% | 0.0% |
| ROE | -4.4% | -54.2% | -0.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €8.13M | €8.38M | €6.57M |
| Fixed assets | 21/28 | €7.85M | €7.98M | €6.04M |
| Tangible fixed assets | 22/27 | €7.85M | €7.98M | €6.04M |
| Current assets | 29/58 | €274k | €399k | €531k |
| Stocks & contracts in progress | 3 | - | - | €0 |
| Amounts receivable within one year | 40/41 | €46k | €130k | €203k |
| Cash & bank | 54/58 | €205k | €260k | €321k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.13M | €8.38M | €6.57M |
| Equity | 10/15 | €582k | €608k | €938k |
| Contributions / capital | 10/11 | €621k | €621k | €621k |
| Reserves | 13 | €239k | €250k | €268k |
| Accumulated profits (losses) | 14 | €-1.13M | €-1.12M | €-807k |
| Provisions & deferred taxes | 16 | €57k | €75k | €83k |
| Amounts payable | 17/49 | €7.49M | €7.69M | €5.55M |
| Amounts payable after one year | 17 | €5.73M | €5.91M | €4.32M |
| Amounts payable within one year | 42/48 | €1.67M | €1.68M | €1.18M |
| Trade debts payable within one year | 44 | €55k | €53k | €81k |
| Income statement | ||||
| Gross operating margin | 9900 | €726k | €561k | €537k |
| Operating result | 9901 | €249k | €-93k | €143k |
| Financial income | 75 | €508 | €202 | - |
| Financial charges | 65 | €278k | €246k | €145k |
| Result before taxes | 9903 | €-29k | €-339k | €-2k |
| Income taxes | 67/77 | €3k | €61 | €1k |
| Net result for the period | 9904 | €-26k | €-330k | €-704 |
| Result to be appropriated | 9905 | €-14k | €-312k | €4k |
| NACE primary | Renting and operating of own or leased residential real estate, excluding social housing(68201) |
| Legal form | Public limited company(014) |
| Incorporation | 11-09-1995 |
| Status | Active |
| Postal code | 3000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505F0812/00D000 | Flanders | 215 m² | 1 · 137 m² | 15.4 m · 4 fl. |
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-02-2024 Change in the board of directors
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "VANDENWEGHE, Edith Esther Cecile Th\u00E9r\u00E8se",
"address": "3052 Oud-Heverlee (Blanden), Rooikapelstraat 41",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
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"statutory": "statutair",
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"decharge_status": null,
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"rep_rotation_old_rep": null,
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},
{
"kind": "substantive_delegation",
"role": "directeur",
"person": {
"rrn": null,
"name": "ACKERMANS, Carlo Julien Clement",
"address": "3052 Oud-Heverlee (Blanden), Rooikapelstraat 41",
"birth_date": null,
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},
"reason": null,
"subkind": "regular",
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}
],
"notary": {
"name": "Lauranne Rooman",
"firm_city": null,
"firm_name": null,
"office_city": "Leuven",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-05",
"filing_date": "2024-02-01",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-19",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0455.970.472",
"name_full": "CAVE",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "Acta Consult",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"de uitgifte",
"de geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | CAVE |