CAVELIN
ActiveSummary
CAVELIN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,178 and a net result of €33,372. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+44
Solvency78▼-4
Growth83▲+16
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.72 in 2024; short-term debt: 47.3% and cash: 41% of total assets), and 47.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer 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
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
52.7%
Return on assets
20.9%
Age of the figures
9 mo
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
1 d early
2023
16 d early
2022
75 d early
2021
28 d early
2020
2 d late
2019
106 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
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. Usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Lobbes, Professional and technical services sector#10 company by equity in Lobbes, Professional and technical services sector
Turnover
€521,429▲ 23.1%
2023 · €423,676
EBIT margin
-0.1%▼ 2.9pp
2023 · 2.8%
Net result
€33,372
2024 · -€4,842
Working capital
€60,488▲ 82.2%
2024 · €33,196
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€293,814▲ 26.3%€346,975▲ 18.1%€423,676▲ 22.1%€521,429▲ 23.1%
Operating result€30,618▲ 213%€1,195▼ 96.1%€11,787▲ 886%-€530€58,406
Net result€20,492within the sector's middle half▲ 221%-€3,525below the sector's middle half€3,557below the sector's middle half-€4,842below the sector's middle half€33,372within the sector's middle half
EBIT margin10.4%▲ 6.2pp0.3%▼ 10.1pp2.8%▲ 2.4pp-0.1%▼ 2.9pp
Equity€80,126within the sector's middle half▲ 34.4%€62,092within the sector's middle half▼ 22.5%€65,649within the sector's middle half▲ 5.7%€60,807within the sector's middle half▼ 7.4%€84,178within the sector's middle half▲ 38.4%
Total assets€120,957below the sector's middle half▲ 51.1%€126,167within the sector's middle half▲ 4.3%€110,170within the sector's middle half▼ 12.7%€106,770within the sector's middle half▼ 3.1%€159,594within the sector's middle half▲ 49.5%
Debt€40,831▲ 100%€64,075▲ 56.9%€44,521▼ 30.5%€45,963▲ 3.2%€75,416▲ 64.1%
Working capital€54,190within the sector's middle half▲ 19.9%€24,885within the sector's middle half▼ 54.1%€29,628within the sector's middle half▲ 19.1%€33,196within the sector's middle half▲ 12.0%€60,488within the sector's middle half▲ 82.2%
Solvency66.2%within the sector's middle half▼ 8.3pp49.2%within the sector's middle half▼ 17.0pp59.6%within the sector's middle half▲ 10.4pp57.0%within the sector's middle half▼ 2.6pp52.7%within the sector's middle half▼ 4.2pp
Current ratio2.33within the sector's middle half▼ 0.891.39within the sector's middle half▼ 0.941.67within the sector's middle half▲ 0.281.72within the sector's middle half▲ 0.061.80within the sector's middle half▲ 0.08
Return on assets (ROA)16.9%within the sector's middle half▲ 9.0pp-2.8%below the sector's middle half▼ 19.7pp3.2%below the sector's middle half▲ 6.0pp-4.5%below the sector's middle half▼ 7.8pp20.9%within the sector's middle half▲ 25.4pp
Staff (FTE)1▼ 41.2%1.7▲ 70.0%2.6▲ 52.9%2.8▲ 7.7%2.4▼ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €58,406 after a loss of €530 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,594
Fixed assets
€23,690 ▼ 14.2%
Current assets
€135,904 ▲ 71.7%
Equity and liabilities €159,594
Equity
€84,178 ▲ 38.4%
Debt
€75,416 ▲ 64.1%
Debt's share of the balance-sheet total rises from 43.0% to 47.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,336▲
2024 · €8,611
Cash flow
€41,302▲
2024 · €4,299
Quick ratio
1.28▲
2024 · 1.07
Debt to equity
0.90▲
2024 · 0.76
ROE
39.6%▲
2024 · -8.0%
Interest coverage
10.94▲
2024 · 7.15
Debt ≤ 1 year
€75,416▲
2024 · €45,963
Income taxes
€19,024▲
2024 · €3,215
Staff costs
€104,837▼
2024 · €107,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €293,814 | €346,975 | €423,676 | €521,429 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €210,439 | €276,739 | €307,295 | €404,429 | - | - |
| Remuneration, social security and pensions62 | €42,115 | €62,417 | €93,277 | €107,146 | €104,837 | ▼ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,548 | €6,276 | €9,844 | €9,141 | €7,931 | ▼ 13.2% |
| Other operating charges640/8 | €1,094 | €348 | €1,473 | €1,243 | €1,935 | ▲ 55.7% |
| Gross operating margin9900 | €83,375 | €70,236 | €116,381 | €117,000 | €173,108 | ▲ 48.0% |
| Operating profit (loss)9901 | €30,618 | €1,195 | €11,787 | -€530 | €58,406 | ▲ 11,120% |
| Financial income75/76B | €1 | €369 | €331 | €107 | €55 | ▼ 48.6% |
| Recurring financial income75 | €1 | €369 | €331 | €107 | €55 | ▼ 48.6% |
| Financial charges65/66B | €3,538 | €3,631 | €2,242 | €1,204 | €6,065 | ▲ 404% |
| Recurring financial charges65 | €3,278 | €3,631 | €1,995 | €1,204 | €6,065 | ▲ 404% |
| Non-recurring financial charges66B | €260 | - | €247 | - | - | - |
| Profit (loss) for the period before taxes9903 | €27,081 | -€2,067 | €9,876 | -€1,627 | €52,396 | ▲ 3,320% |
| Income taxes67/77 | €6,589 | €1,458 | €6,319 | €3,215 | €19,024 | ▲ 492% |
| Profit (loss) for the period9904 | €20,492 | -€3,525 | €3,557 | -€4,842 | €33,372 | ▲ 789% |
| Profit (loss) for the period to be appropriated9905 | €20,492 | -€3,525 | €3,557 | -€4,842 | €33,372 | ▲ 789% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,957 | €126,167 | €110,170 | €106,770 | €159,594 | ▲ 49.5% |
| Fixed assets21/28 | €25,936 | €37,207 | €36,021 | €27,611 | €23,690 | ▼ 14.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €25,886 | €37,157 | €35,971 | €27,561 | €23,640 | ▼ 14.2% |
| Plant, machinery and equipment23 | €2,666 | €1,254 | €6,029 | €5,595 | €4,711 | ▼ 15.8% |
| Furniture and vehicles24 | €11,343 | €21,468 | €16,618 | €11,280 | €8,243 | ▼ 26.9% |
| Other tangible fixed assets26 | €11,877 | €14,435 | €13,324 | €10,686 | €10,686 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €95,021 | €88,960 | €74,149 | €79,159 | €135,904 | ▲ 71.7% |
| Stocks and contracts in progress3 | €26,187 | €24,521 | €23,635 | €29,828 | €39,180 | ▲ 31.4% |
| Stocks30/36 | €26,187 | €24,521 | €23,635 | €29,828 | €39,180 | ▲ 31.4% |
| Amounts receivable within one year40/41 | €17,264 | €18,140 | €4,770 | €9,660 | €27,946 | ▲ 189% |
| Trade receivables40 | €7,264 | €12,023 | €1,170 | €2,910 | €20,954 | ▲ 620% |
| Other amounts receivable41 | €10,000 | €6,117 | €3,600 | €6,750 | €6,992 | ▲ 3.6% |
| Cash at bank and in hand54/58 | €51,570 | €46,299 | €45,744 | €39,487 | €65,464 | ▲ 65.8% |
| Deferred charges and accrued income490/1 | - | - | - | €184 | €3,314 | ▲ 1,701% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,957 | €126,167 | €110,170 | €106,770 | €159,594 | ▲ 49.5% |
| Equity10/15 | €80,126 | €62,092 | €65,649 | €60,807 | €84,178 | ▲ 38.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €15,860 | ▲ 753% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €15,860 | ▲ 753% |
| Profit (loss) carried forward14 | €65,866 | €47,832 | €51,389 | €46,547 | €55,918 | ▲ 20.1% |
| Amounts payable17/49 | €40,831 | €64,075 | €44,521 | €45,963 | €75,416 | ▲ 64.1% |
| Amounts payable within one year42/48 | €40,831 | €64,075 | €44,521 | €45,963 | €75,416 | ▲ 64.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €250 | - |
| Financial debts43 | €250 | €250 | €250 | €250 | - | - |
| Credit institutions430/8 | €250 | €250 | €250 | €250 | - | - |
| Trade debts44 | €32,131 | €47,221 | €23,069 | €29,846 | €40,034 | ▲ 34.1% |
| Suppliers440/4 | €32,131 | €47,221 | €23,069 | €29,846 | €40,034 | ▲ 34.1% |
| Taxes, remuneration and social security45 | €8,450 | €16,604 | €21,202 | €15,867 | €25,131 | ▲ 58.4% |
| Taxes450/3 | €2,365 | €9,210 | €1,849 | €1,686 | €7,170 | ▲ 325% |
| Remuneration and social security454/9 | €6,085 | €7,394 | €19,353 | €14,181 | €17,962 | ▲ 26.7% |
| Other amounts payable47/48 | - | - | - | - | €10,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,492 | -€3,525 | €3,557 | -€4,842 | €33,372 | ▲ 789% |
| + Depreciation and write-downs630 | €9,548 | €6,276 | €9,844 | €9,141 | €7,931 | ▼ 13.2% |
| Operating cash flow (approximation) | €30,040 | €2,751 | €13,401 | €4,299 | €41,302 | ▲ 861% |
| Investment in fixed assets (approximation) | - | -€17,547 | -€8,658 | -€731 | -€4,010 | ▼ 449% |
| Change in cash | - | -€5,271 | -€555 | -€6,257 | €25,977 | ▲ 515% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €33,372
Net result €33,372 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€4,842
Net result drops to -€4,842, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,557
Net result €3,557 after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-04
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Lobbes · 1 establishment unit since 2010
Ground area
1,308 m²
Building footprint
116 m²
Volume, LiDAR
665 m³
Parcel 56044B0025/02F000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAVELIN
since 20102.194.066.061
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56044B0025/02F000 | Wallonia | 1,308 m² | 1 · 116 m² | 8.0 m · 2 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.
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Of 6,089 companies in sector 75000 we hold annual accounts for 1,951. 1,718 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
Founded08-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831722639
Also
9925:BE0831722639
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.