CAVELLOR
ActiveSummary
CAVELLOR has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-144k) and a net result of €-55k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-5
Solvency0▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.62 in 2024; short-term debt: 29.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
-28.8%
Return on assets
-11%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-144k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
29 d early
2023
43 d early
2022
45 d early
2021
59 d early
2020
84 d early
2019
82 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-144k▼ 62.3%
2024 · €-89k
2018: €8k
2019: €2k
2020: €3k
2021: €1k
2022: €-17k
2023: €-50k
2024: €-89k
2018 → 2025
Total assets
€499k▼ 11.8%
2024 · €566k
2018: €1.09M
2019: €988k
2020: €870k
2021: €802k
2022: €733k
2023: €658k
2024: €566k
2018 → 2025
Net result
€-55k▼ 44.4%
2024 · €-38k
2018: €4k
2019: €-6k
2020: €818
2021: €-2k
2022: €-19k
2023: €-33k
2024: €-38k
2018 → 2025
Working capital
€-145k▼ 285%
2024 · €-38k
2018: €-169k
2019: €-160k
2020: €-99k
2021: €-49k
2022: €-37k
2023: €-34k
2024: €-38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1k-€-17k€-50k▼ 188%€-89k▼ 76.0%€-144k▼ 62.3%
Operating result€1k-€-14k€-30k▼ 117%€-35k▼ 17.7%€-51k▼ 43.2%
Net result€-2k-€-19k▼ 1,006%€-33k▼ 76.0%€-38k▼ 16.4%€-55k▼ 44.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €51k in 2025 against €35k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499k
Fixed assets
€496k▼ 1.4%
Current assets
€3k▼ 95.0%
Key figures and ratios
EBITDA
€45k▼
2024 · €60k
Cash flow
€40k▼
2024 · €57k
Solvency
-28.8%▼
2024 · -15.6%
Current ratio
0.02▼
2024 · 0.62
Quick ratio
0.02▼
2024 · 0.62
Debt / equity
-4.48▲
2024 · -7.40
ROA
-11.0%▼
2024 · -6.8%
Interest coverage
10.72▼
2024 · 13.85
Debt
€643k▼
2024 · €655k
Debt ≤ 1 year
€148k▲
2024 · €100k
Debt > 1 year
€495k▼
2024 · €554k
Income taxes
€253▲
2024 · €240
Staff costs
€28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€566k€499k▼
Fixed assets21/28€503k€496k▼
Tangible fixed assets22/27€502k€495k▼
Land and buildings22€502k€494k▼
Plant, machinery and equipment23€365€0▼
Furniture and vehicles24-€995
Financial fixed assets28€1k€1k=
Current assets29/58€63k€3k▼
Amounts receivable within one year40/41€57k€16▼
Trade receivables40€21k€16▼
Other amounts receivable41€36k-
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€566k€499k▼
Equity10/15€-89k€-144k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-157k€-212k▼
Amounts payable17/49€655k€643k▼
Amounts payable after more than one year17€554k€495k▼
Financial debts170/4€554k€495k▼
Amounts payable within one year42/48€100k€148k▲
Current portion of amounts payable after more than one year42€56k€59k▲
Financial debts43€26k€12k▼
Credit institutions430/8€26k€12k▼
Trade debts44€14k€24k▲
Suppliers440/4€14k€24k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48-€45k
Income statement
Code20242025
Remuneration, social security and pensions62-€28k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€96k▲
Other operating charges640/8€11k€11k▲
Gross operating margin9900€71k€85k▲
Operating profit (loss)9901€-35k€-51k▼
Financial income75/76B€2k€64▼
Recurring financial income75€2k€64▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-38k€-55k▼
Income taxes67/77€240€253▲
Profit (loss) for the period9904€-38k€-55k▼
Profit (loss) for the period to be appropriated9905€-38k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-157k€-212k▼
Profit (loss) brought forward from the previous period14P€-118k€-157k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €818
Net result €818 after one loss-making year.
08-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-02
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
6 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, Waterloo · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drève des Chataigniers 61410 WaterlooGround area
2.5 ha
Building footprint
3,753 m²
Volume, LiDAR
58,696 m³
2 parcels, Brussels, Wallonia · tallest building 27.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
CAVELL ORTHOPEDIE
since 20012.094.231.186
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0328/00R011 | Brussels | 2.3 ha | 1 · 3,574 m² | 27.9 m · 6 fl. |
| 25763I0167/00P000 | Wallonia | 1,576 m² | 1 · 179 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BELTRAGEN
BE 0769.992.433
Fléron · Eq €1k
DC AUDIO
BE 0839.074.348
Rebecq · Eq €1k
ASC ortho for all
BE 1029.600.263
Lasne · Eq €1k
REHAB & PREVENTION EQUIPMENT
BE 0731.699.407
Wetteren · Eq €1k
3D FUTURE AND SOUND TECHNOLOGY
BE 0427.792.566
Braine-l'Alleud · Eq €1k
Of 1,070 companies in sector 47741 we hold annual accounts for 644. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-10-2000
Fiscal year end30-09
Activities, NACEBEL
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
52320
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.