Equity
€53,292 from €708,379 in 2017
Equity fell by 92% in 8 years.
CAVEC
Lifetime
20 annual accounts with figures on one time axis, 45 filings since 1981peak €333,876 (2020)
€61,561▲ €64,354
lowest -€51,446 (2018)
€51,690▼ 12.7%
peak €708,379 (2017)
€53,292▲ 33×
€67,657▲ 11.6%
Board4 names since 2017
4 directorsAxis Life and 3 others
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from -€2,793 to €61,561Equity from €1,602 to €53,292Cash from €95 to €1
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 58% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 1.4%▲ +0.4 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -1.3 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.76, cash €1, halved
lowers risk
Size: total assets €120,949
Sector: Activities of head offices; management consultancy activities (NACE 70)
Founded in 1980
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 41% of them on solvency, 9% on liquidity, 84% on profitability and 99% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as CAVEC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAVEC itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CAVEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.76 (0.91 in 2024), above the usual 1.5. Short-term debt is 55.9% and cash 0% of total assets. However, 55.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €53,292
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
29 days late
2023
34 days early
2022
7 days late
2021
11 days early
2020
23 days late
2019
103 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- René Lecoque 193 sharesdeed of 01-07-2019
- Christiane Schaffers 193 sharesdeed of 01-07-2019
Shares in 2 companies, AXIS LIFE FINANCIAL PLANNING and LUMINACT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0420999497
Appointment: Lecoque Christophe (director)
General meeting of 07-11-2024 · Gazette deed
Changes of role: Lecoque, René Aloys Joséphine (director) and Schaffers, Christiane Leontine Robert (director)
“Het patrimonium,bestaande uit onroerende goederen te behouden,in de ruimste zin van het woord te beheren en…” (deed in Dutch) · Gazette deed
Registered office moved from Oostduinkerke to Brecht
New registered office: Damhof 7/GV3, 2960 Brecht · Previous registered office: Irène Bauwenslaan 27, 8670 Oostduinkerke · General meeting of 30-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CAVEC Brecht | €120,949 | €61,561 | 44.1% | - |
| C.D.B. Lochristi | €109,570 | €68,190 | 78.5% | - |
| LAB COACHING Ottignies-Louvain-la-Neuve | €134,265 | €67,836 | 79.9% | - |
| MDO FIDUCIAIRE Uccle | €110,561 | €60,575 | 53.8% | - |
| G. LEONARD Kontich | €130,934 | €79,161 | 36.3% | - |
| PRO SALES Antwerp | €99,393 | €56,116 | 87.4% | - |
| HELI SUPPORT Laakdal | €110,188 | €52,600 | -19.7% | - |
These companies have the same main activity as CAVEC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €99,400 and €134,000, founded between 1984 and 1989.
Official details
Source: KBO- Status
- Active since 18-09-1980Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.035.534.8052960 Brecht, since 20-09-1980
- Financial year end
- 31 December
- Peppol
- Reachable since 16-06-2025
Annual accounts 2025
- ≈ €130,000estimated
- €120,949▲ 94.3%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on CAVEC
CAVEC files the micro format. That format states no turnover. The gross margin rose from €28,659 in 2006 to €61,561 in 2025.
The balance sheet grew most from 2016 to 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CAVEC
- What is the company number of CAVEC?
- The company number of CAVEC is 0420.999.497. The VAT number is the same number with BE in front: BE 0420.999.497.
- Where is CAVEC based?
- The registered office is at Damhof 7, 2960 Brecht.Company details
- What does CAVEC do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CAVEC?
- CAVEC is a private limited company (BV).
- When was CAVEC founded?
- CAVEC was founded on 18-09-1980.
- Is CAVEC still active?
- Yes, CAVEC is an active enterprise in the KBO register.
- What is the turnover of CAVEC?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €61,561 and 120 comparable companies (NACE 70200). It probably lies between €95,000 and €160,000.Financials
- Is CAVEC profitable?
- In financial year 2025, CAVEC made a profit of €51,690.
- Where can I find the annual accounts of CAVEC?
- CAVEC filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CAVEC due?
- CAVEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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