CAVERNA
ActiveSummary
CAVERNA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €105,953 and a net result of €42,141. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 68% of 1117 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+2
Solvency87▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.82 in 2023; short-term debt: 38.2% and cash: 72.6% of total assets), and 38.2% of the assets are financed with debt.
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Signals
Three 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
11 d early
2022
5 d early
2021
1 d early
2020
28 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42,141▲ 17.8%
2023 · €35,772
Working capital
€104,368▲ 2.2%
2023 · €102,162
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€94,170▼ 10.6%€114,277▲ 21.4%€62,489▼ 45.3%€43,135▼ 31.0%€58,071▲ 34.6%
Net result€68,751▼ 6.5%€85,752▲ 24.7%€46,117▼ 46.2%€35,772▼ 22.4%€42,141▲ 17.8%
Equity€200,560▲ 52.2%€286,312▲ 42.8%€103,334▼ 63.9%€103,812▲ 0.5%€105,953▲ 2.1%
Total assets€258,127▲ 32.3%€326,322▲ 26.4%€366,271▲ 12.2%€160,044▼ 56.3%€171,391▲ 7.1%
Debt€57,567▼ 9.0%€40,010▼ 30.5%€262,937▲ 557%€56,232▼ 78.6%€65,438▲ 16.4%
Working capital€198,366▲ 55.1%€285,330▲ 43.8%€103,056▼ 63.9%€102,162▼ 0.9%€104,368▲ 2.2%
Staff (FTE)
Why a figure moved sharply
- 2023 Total assets -56% on 2022. Cause not known from the registers.
- 2022 Equity -64% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 35% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €171,391
Fixed assets
€1,585 ▼ 3.9%
Current assets
€169,806 ▲ 7.2%
Equity and liabilities €171,391
Equity
€105,953 ▲ 2.1%
Debt
€65,438 ▲ 16.4%
Debt's share of the balance-sheet total rises from 35.1% to 38.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,155▲
2023 · €43,198
Cash flow
€42,225▲
2023 · €35,835
Current ratio
2.59▼
2023 · 2.82
Debt to equity
0.62▲
2023 · 0.54
ROE
39.8%▲
2023 · 34.5%
ROA
24.6%▲
2023 · 22.4%
Interest coverage
356.78▼
2023 · 981.77
Debt ≤ 1 year
€65,438▲
2023 · €56,232
Income taxes
€14,565▲
2023 · €13,248
Staff costs
€32,079▼
2023 · €37,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,646 | - |
| Remuneration, social security and pensions62 | - | €27,534 | €28,217 | €37,142 | €32,079 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,684 | €1,212 | €704 | €63 | €84 | ▲ 33.3% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €119,194 | €143,371 | €91,758 | €80,724 | €90,621 | ▲ 12.3% |
| Operating profit (loss)9901 | €94,170 | €114,277 | €62,489 | €43,135 | €58,071 | ▲ 34.6% |
| Financial income75/76B | - | - | - | €5,929 | €213 | ▼ 96.4% |
| Recurring financial income75 | - | - | - | €5,929 | €213 | ▼ 96.4% |
| Financial charges65/66B | - | €118 | €131 | €44 | €1,578 | ▲ 3,486% |
| Recurring financial charges65 | €69 | €118 | €131 | €44 | €163 | ▲ 270% |
| Non-recurring financial charges66B | - | - | - | - | €1,415 | - |
| Profit (loss) for the period before taxes9903 | €93,751 | €114,159 | €62,358 | €49,020 | €56,706 | ▲ 15.7% |
| Income taxes67/77 | €25,000 | €28,407 | €16,241 | €13,248 | €14,565 | ▲ 9.9% |
| Profit (loss) for the period9904 | €68,751 | €85,752 | €46,117 | €35,772 | €42,141 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €68,751 | €85,752 | €46,117 | €35,772 | €42,141 | ▲ 17.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €258,127 | €326,322 | €366,271 | €160,044 | €171,391 | ▲ 7.1% |
| Fixed assets21/28 | €2,194 | €982 | €278 | €1,650 | €1,585 | ▼ 3.9% |
| Tangible fixed assets22/27 | €2,003 | €791 | €87 | €1,459 | €1,394 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €791 | €87 | €1,459 | €1,394 | ▼ 4.5% |
| Financial fixed assets28 | €191 | €191 | €191 | €191 | €191 | = |
| Current assets29/58 | €255,933 | €325,340 | €365,993 | €158,394 | €169,806 | ▲ 7.2% |
| Amounts receivable after more than one year29 | - | €23,088 | €6,507 | - | - | - |
| Other amounts receivable291 | - | €23,088 | €6,507 | - | - | - |
| Stocks and contracts in progress3 | - | €3,170 | €0 | - | - | - |
| Stocks30/36 | - | €3,170 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €26,733 | €76,269 | €101,836 | €29,429 | €45,413 | ▲ 54.3% |
| Trade receivables40 | - | €75,426 | €87,996 | €14,942 | €9,918 | ▼ 33.6% |
| Other amounts receivable41 | - | €843 | €13,840 | €14,487 | €35,495 | ▲ 145% |
| Cash at bank and in hand54/58 | €188,957 | €222,813 | €255,034 | €126,852 | €124,393 | ▼ 1.9% |
| Deferred charges and accrued income490/1 | - | - | €2,616 | €2,113 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €258,127 | €326,322 | €366,271 | €160,044 | €171,391 | ▲ 7.1% |
| Equity10/15 | €200,560 | €286,312 | €103,334 | €103,812 | €105,953 | ▲ 2.1% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,860 | €21,860 | €21,860 | €21,860 | €21,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €166,300 | €252,052 | €62,874 | €63,352 | €65,493 | ▲ 3.4% |
| Amounts payable17/49 | €57,567 | €40,010 | €262,937 | €56,232 | €65,438 | ▲ 16.4% |
| Amounts payable within one year42/48 | €57,567 | €40,010 | €262,937 | €56,232 | €65,438 | ▲ 16.4% |
| Financial debts43 | - | - | - | - | €154 | - |
| Credit institutions430/8 | - | - | - | - | €154 | - |
| Trade debts44 | €5,659 | €19,007 | €13,382 | €10,536 | €5,103 | ▼ 51.6% |
| Suppliers440/4 | - | €19,007 | €13,382 | €10,536 | €4,615 | ▼ 56.2% |
| Bills of exchange payable441 | - | - | - | - | €488 | - |
| Taxes, remuneration and social security45 | - | €21,003 | €49,555 | €15,696 | €26,181 | ▲ 66.8% |
| Taxes450/3 | - | €12,826 | €43,614 | €9,278 | €17,060 | ▲ 83.9% |
| Remuneration and social security454/9 | - | €8,177 | €5,941 | €6,418 | €9,121 | ▲ 42.1% |
| Other amounts payable47/48 | - | - | €200,000 | €30,000 | €34,000 | ▲ 13.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68,751 | €85,752 | €46,117 | €35,772 | €42,141 | ▲ 17.8% |
| + Depreciation and write-downs630 | €1,684 | €1,212 | €704 | €63 | €84 | ▲ 33.3% |
| Operating cash flow (approximation) | €70,435 | €86,964 | €46,821 | €35,835 | €42,225 | ▲ 17.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,435 | -€19 | ▲ 98.7% |
| Change in cash | - | €33,856 | €32,221 | -€128,182 | -€2,459 | ▲ 98.1% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.82
Current ratio from 1.39 to 2.82; short-term debt falls from €262,937 to €56,232.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €85,752 ▲24.7%
Operating result €114,277, net result €85,752, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Equity above €200,000Eq €200,560 ▲52.2%
3 profitable years in a row build equity to €200,560.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Equity above €100,000Eq €131,809 ▲126%
2 profitable years in a row build equity to €131,809.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mons · 1 establishment unit since 2017
Ground area
716 m²
Building footprint
61 m²
Volume, LiDAR
441 m³
Parcel 53053D0222/00X011, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAVERNA
since 20172.261.057.924
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53053D0222/00X011 | Wallonia | 716 m² | 1 · 61 m² | 9.3 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 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,231 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
Founded25-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
73300Public relations and communication consultancy
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669963558
Also
9925:BE0669963558
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.