Cavila
ActiveCavila has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.42M and a net result of €-181k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-22
Solvency92▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 0.96 in 2024; short-term debt: 7.2% and cash: 0.1% of total assets), and 32.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
67.2%
Return on assets
-0.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
9 d early
2023
6 d late
2022
17 d early
2021
17 d early
2020
31 d late
2019
15 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-181k▼ 148%
2024 · €-73k
2018: €503k
2019: €93k
2020: €116k
2021: €7.38M
2022: €93k
2023: €28k
2024: €-73k
2018 → 2025
Working capital
€1.16M
2024 · €-96k
2018: €1.77M
2019: €418k
2020: €-245k
2021: €9.60M
2022: €7.53M
2023: €2.28M
2024: €-96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13.94M-€13.79M▼ 1.1%€13.82M▲ 0.2%€13.60M▼ 1.6%€13.42M▼ 1.3%
Operating result€9.91M-€129k▼ 98.7%€1k▼ 99.0%€-139k€-116k▲ 16.4%
Net result€7.38M-€93k▼ 98.7%€28k▼ 69.3%€-73k€-181k▼ 148%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €116k in 2025 against €139k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.98M
Fixed assets
€17.37M▲ 1.7%
Current assets
€2.61M▲ 17.4%
Equity and liabilities €19.98M
Equity
€13.42M▼ 1.3%
Provisions
€2.62M▼ 8.7%
Debt
€3.94M▲ 39.1%
The debt ratio rises from 14.7% to 19.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€520k▲
2024 · €441k
Cash flow
€455k▼
2024 · €506k
Solvency
67.2%▼
2024 · 70.5%
Current ratio
1.81▲
2024 · 0.96
Quick ratio
1.81▲
2024 · 0.96
Debt / equity
0.29▲
2024 · 0.21
ROE
-1.3%▼
2024 · -0.5%
ROA
-0.9%▼
2024 · -0.4%
Interest coverage
3.44▼
2024 · 10.53
Debt
€3.94M▲
2024 · €2.83M
Debt ≤ 1 year
€1.45M▼
2024 · €2.32M
Debt > 1 year
€2.39M▲
2024 · €496k
Income taxes
€63k▲
2024 · €39k
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€19.30M€19.98M▲
Fixed assets21/28€17.08M€17.37M▲
Tangible fixed assets22/27€14.06M€14.36M▲
Land and buildings22€13.75M€14.12M▲
Plant, machinery and equipment23€35k€31k▼
Furniture and vehicles24€273k€206k▼
Assets under construction and advance payments27€0-
Financial fixed assets28€3.02M€3.01M▼
Current assets29/58€2.22M€2.61M▲
Amounts receivable after more than one year29€1.79M€1.94M▲
Other amounts receivable291€1.79M€1.94M▲
Amounts receivable within one year40/41€166k€495k▲
Trade receivables40€11k€51k▲
Other amounts receivable41€155k€444k▲
Cash at bank and in hand54/58€124k€18k▼
Deferred charges and accrued income490/1€143k€157k▲
Equity and liabilities
Total equity and liabilities10/49€19.30M€19.98M▲
Equity10/15€13.60M€13.42M▼
Contributions10/11€2.24M€2.24M=
Capital10€2.24M€2.24M=
Issued capital100€2.24M€2.24M=
Reserves13€8.65M€8.47M▼
Non-distributable reserves130/1€224k€224k=
Legal reserve130€224k€224k=
Tax-exempt reserves132€8.19M€7.86M▼
Distributable reserves133€238k€390k▲
Profit (loss) carried forward14€2.71M€2.71M=
Provisions and deferred taxes16€2.87M€2.62M▼
Provisions for liabilities and charges160/5€140k€0▼
Environmental obligations163€140k€0▼
Deferred taxes168€2.73M€2.62M▼
Amounts payable17/49€2.83M€3.94M▲
Amounts payable after more than one year17€496k€2.39M▲
Financial debts170/4€496k€2.39M▲
Amounts payable within one year42/48€2.32M€1.45M▼
Financial debts43€2.02M€658k▼
Credit institutions430/8€2.02M€658k▼
Trade debts44€113k€148k▲
Suppliers440/4€113k€148k▲
Taxes, remuneration and social security45€31k€54k▲
Taxes450/3€31k€54k▲
Other amounts payable47/48€159k€586k▲
Accrued charges and deferred income492/3€17k€105k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579k€636k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-140k
Other operating charges640/8€66k€94k▲
Non-recurring operating charges66A-€95k
Gross operating margin9900€506k€568k▲
Operating profit (loss)9901€-139k€-116k▲
Financial income75/76B€43k€38k▼
Recurring financial income75€43k€38k▼
Financial charges65/66B€42k€151k▲
Recurring financial charges65€42k€151k▲
Profit (loss) for the period before taxes9903€-138k€-229k▼
Transfer from deferred taxes780€104k€111k▲
Income taxes67/77€39k€63k▲
Profit (loss) for the period9904€-73k€-181k▼
Transfer from tax-exempt reserves789€311k€333k▲
Profit (loss) for the period to be appropriated9905€238k€152k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.09M€2.86M▼
Profit (loss) brought forward from the previous period14P€2.85M€2.71M▼
Transfer to equity691/2€238k€152k▼
To the legal reserve6920€0-
To other reserves6921€238k€152k▼
Profit to be distributed694/7€143k€0▼
Return on contributions (dividend)694€143k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (17 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-181k
Net result drops to €-181k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €7.38M ▲6243%
Operating result €9.91M, net result €7.38M, both a record.
31-12
Financial
Liquidity times 22current ratio 18.56
Current ratio from 0.86 to 18.56; short-term debt falls from €1.73M to €547k.
31-12
Financial
Equity above €10MEq €13.94M ▲98.1%
4 profitable years in a row build equity to €13.94M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Gent · 1 establishment unit since 1983
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.
Visserij 639000 GentGround area
433 m²
Building footprint
174 m²
Volume, LiDAR
2,294 m³
Parcel 44804D3640/00D003, Flanders · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Visserij 63, 9000 Gent
since 19832.286.549.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3640/00D003 | Flanders | 433 m² | 1 · 174 m² | 18.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
SPORTCOMPLEX AALST
BE 0506.736.215
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REDROSE HOLDING
BE 0870.308.843
Aalst · Eq €13.37M
D.L.S.A.
BE 0435.652.536
Elsene · Eq €13.47M
WINDHOEK
BE 0897.858.130
Schoten · Eq €13.49M
CEPERIVE
BE 0824.969.855
Elsene · Eq €13.33M
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 1,815 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1983
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.