CAVE CANEM
ActiveSummary
CAVE CANEM has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-538. Equity is growing by ~53.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-68
Solvency38▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.4%
Return on assets
-1.6%
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 16% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 16%
← 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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
87 d early
2023
78 d early
2022
70 d early
2021
67 d early
2020
72 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 11.0%
2024 · €5k
2018: €-8klowest in 8 years
2019: €-7k▲ +7.6% vs 2018
2020: €-3k▲ +64.7% vs 2019
2021: €-91▲ +96.4% vs 2020
2022: €-182▼ -100% vs 2021
2023: €745▲ +509% vs 2022
2024: €5k▲ +557% vs 2023highest in 8 years
2025: €4k▼ -11.0% vs 2024
2018 → 2025
Total assets
€33k=
2024 · €33k
2018: €22klowest in 8 years
2019: €24k▲ +6.0% vs 2018
2020: €26k▲ +11.3% vs 2019
2021: €28k▲ +7.1% vs 2020
2022: €27k▼ -3.5% vs 2021
2023: €28k▲ +4.5% vs 2022
2024: €33k▲ +15.0% vs 2023
2025: €33k● +0.0% vs 2024highest in 8 years
2018 → 2025
Net result
€-538
2024 · €4k
2018: €2k
2019: €592▼ -61.0% vs 2018
2020: €5k▲ +686% vs 2019highest in 8 years
2021: €2k▼ -47.3% vs 2020
2022: €-91▼ -104% vs 2021
2023: €927▲ +1118% vs 2022
2024: €4k▲ +348% vs 2023
2025: €-538▼ -113% vs 2024lowest in 8 years
2018 → 2025
Working capital
€4k▼ 6.1%
2024 · €5k
2018: €-8klowest in 8 years
2019: €-7k▲ +8.2% vs 2018
2020: €-4k▲ +42.4% vs 2019
2021: €-1k▲ +73.8% vs 2020
2022: €-1k▼ -0.9% vs 2021
2023: €156▲ +114% vs 2022
2024: €5k▲ +2865% vs 2023highest in 8 years
2025: €4k▼ -6.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-91-€-182▼ 100%€745€5k▲ 557%€4k▼ 11.0%
2021: €-91
2022: €-182▼ -100% vs 2021lowest in 5 years
2023: €745▲ +509% vs 2022
2024: €5k▲ +557% vs 2023highest in 5 years
2025: €4k▼ -11.0% vs 2024
Operating result€3k-€25▼ 99.0%€1k▲ 3,920%€4k▲ 318%€-560
2021: €3k
2022: €25▼ -99.0% vs 2021
2023: €1k▲ +3920% vs 2022
2024: €4k▲ +318% vs 2023highest in 5 years
2025: €-560▼ -113% vs 2024lowest in 5 years
Net result€2k-€-91€927€4k▲ 348%€-538
2021: €2k
2022: €-91▼ -104% vs 2021
2023: €927▲ +1118% vs 2022
2024: €4k▲ +348% vs 2023highest in 5 years
2025: €-538▼ -113% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €560 after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €33k
Equity
€4k ▼ 11.0%
Debt
€28k ▲ 2.0%
Debt's share of the balance-sheet total rises from 85.0% to 86.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-251▼
2024 · €5k
Cash flow
€-229▼
2024 · €4k
Current ratio
1.15▼
2024 · 1.17
Quick ratio
1.12▼
2024 · 1.13
Debt to equity
6.49▲
2024 · 5.66
ROE
-12.3%▼
2024 · 84.8%
ROA
-1.6%▼
2024 · 12.7%
Interest coverage
-4.65▼
2024 · 39.49
Debt ≤ 1 year
€28k▲
2024 · €28k
Income taxes
€-4▼
2024 · €4
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33k€33k=
Fixed assets21/28€257-
Tangible fixed assets22/27€257-
Plant, machinery and equipment23€257-
Current assets29/58€32k€33k▲
Stocks and contracts in progress3€1k€978▼
Stocks30/36€1k€978▼
Amounts receivable within one year40/41€9k€12k▲
Trade receivables40€95-
Other amounts receivable41€9k€12k▲
Cash at bank and in hand54/58€22k€20k▼
Equity and liabilities
Total equity and liabilities10/49€33k€33k=
Equity10/15€5k€4k▼
Contributions10/11€37k€37k=
Reserves13€992€992=
Non-distributable reserves130/1€992€992=
Reserves not available under the articles1311€992€992=
Profit (loss) carried forward14€-33k€-34k▼
Amounts payable17/49€28k€28k▲
Amounts payable within one year42/48€28k€28k▲
Other amounts payable47/48€28k€28k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€331€309▼
Other operating charges640/8€387-
Gross operating margin9900€5k€-251▼
Operating profit (loss)9901€4k€-560▼
Financial income75/76B€83€73▼
Recurring financial income75€83€73▼
Financial charges65/66B€114€54▼
Recurring financial charges65€114€54▼
Profit (loss) for the period before taxes9903€4k€-542▼
Income taxes67/77€4€-4▼
Profit (loss) for the period9904€4k€-538▼
Profit (loss) for the period to be appropriated9905€4k€-538▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-34k▼
Profit (loss) brought forward from the previous period14P€-37k€-33k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €383 | €331 | €331 | €331 | €309 | ▼ 6.6% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | - | - |
| Gross operating margin9900 | €3k | €703 | €2k | €5k | €-251 | ▼ 105% |
| Operating profit (loss)9901 | €3k | €25 | €1k | €4k | €-560 | ▼ 113% |
| Financial income75/76B | €2 | - | €69 | €83 | €73 | ▼ 12.0% |
| Recurring financial income75 | €2 | - | €69 | €83 | €73 | ▼ 12.0% |
| Financial charges65/66B | €97 | €116 | €122 | €114 | €54 | ▼ 52.8% |
| Recurring financial charges65 | €97 | €116 | €122 | €114 | €54 | ▼ 52.8% |
| Profit (loss) for the period before taxes9903 | €2k | €-91 | €948 | €4k | €-542 | ▼ 113% |
| Income taxes67/77 | €0 | - | €21 | €4 | €-4 | ▼ 194% |
| Profit (loss) for the period9904 | €2k | €-91 | €927 | €4k | €-538 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-91 | €927 | €4k | €-538 | ▼ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28k | €27k | €28k | €33k | €33k | = |
| Fixed assets21/28 | €1k | €920 | €588 | €257 | - | - |
| Tangible fixed assets22/27 | €1k | €920 | €588 | €257 | - | - |
| Plant, machinery and equipment23 | €1k | €920 | €588 | €257 | - | - |
| Current assets29/58 | €27k | €26k | €28k | €32k | €33k | ▲ 0.8% |
| Stocks and contracts in progress3 | €1k | €1k | €1k | €1k | €978 | ▼ 5.2% |
| Stocks30/36 | €1k | €1k | €1k | €1k | €978 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €12k | €12k | €10k | €9k | €12k | ▲ 29.2% |
| Trade receivables40 | €6k | €5k | €3k | €95 | - | - |
| Other amounts receivable41 | €6k | €7k | €7k | €9k | €12k | ▲ 30.5% |
| Cash at bank and in hand54/58 | €14k | €13k | €16k | €22k | €20k | ▼ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28k | €27k | €28k | €33k | €33k | = |
| Equity10/15 | €-91 | €-182 | €745 | €5k | €4k | ▼ 11.0% |
| Contributions10/11 | €37k | €37k | €37k | €37k | €37k | = |
| Reserves13 | €992 | €992 | €992 | €992 | €992 | = |
| Non-distributable reserves130/1 | €992 | €992 | €992 | €992 | €992 | = |
| Reserves not available under the articles1311 | €992 | €992 | €992 | €992 | €992 | = |
| Profit (loss) carried forward14 | €-38k | €-38k | €-37k | €-33k | €-34k | ▼ 1.6% |
| Amounts payable17/49 | €28k | €27k | €28k | €28k | €28k | ▲ 2.0% |
| Amounts payable within one year42/48 | €28k | €27k | €28k | €28k | €28k | ▲ 2.0% |
| Other amounts payable47/48 | €28k | €27k | €28k | €28k | €28k | ▲ 2.0% |
| Accrued charges and deferred income492/3 | €250 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-91 | €927 | €4k | €-538 | ▼ 113% |
| + Depreciation and write-downs630 | €383 | €331 | €331 | €331 | €309 | ▼ 6.6% |
| Operating cash flow (approximation) | €3k | €240 | €1k | €4k | €-229 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €-676 | €3k | €6k | €-2k | ▼ 139% |
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
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-538
Net result drops to €-538, the lowest in the series.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €927
Net result €927 after one loss-making year.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €5k ▲686%
Operating result €5k, net result €5k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Trooz · 1 establishment unit since 1984
Ground area
139 m²
Building footprint
153 m²
Volume, LiDAR
1,196 m³
Parcel 62040E0167/00S002, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Drève 9, 4870 Trooz
since 19842.110.282.708
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62040E0167/00S002 | Wallonia | 139 m² | 1 · 153 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
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NOVANTA COMPANY
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 3,355 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-03-1984
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
47540Retail sale of electrical household appliances
62100Computer programming
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.