Equity
€14,579 ▼ 48.2%
CAW paid out €30,000 in dividends. That is 183% of the 2025 profit.
CAW
Lifetime
6 annual accounts with figures on one time axispeak €43,572 (2025)
€43,572▲ 20.3%
peak €23,802 (2022)
€16,412▲ 74.3%
peak €30,551 (2023)
€14,579▼ 48.2%
€44,131▲ 220%
Board3 names since 2019
1 directorCAVELIER Laurent Cecil Yves
Documentsfilings and deeds
06-08-20266 days late
2025micro format
Gross margin from €36,228 to €43,572Result from €9,416 to €16,412Dividend €30,000Equity from €28,167 to €14,579Debts from €13,811 to €44,131Cash from €20,951 to €29,456
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€44,131 75% of the balance sheet
Suppliers 7%Taxes and wages 25%Other 68%
Staff
1 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Liquidity
1.25 was 2.39 in 2024
Short-term debts rose from €13,811 to €44,131.
Filings
6 annual accounts 1 late
The 2025 accounts came 6 days late. The other five were filed on time.
Checked score
66
Healthy
Financially stronger than 54% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.1%▲ +0.1 percentage points vs 01-2025
03-2025: 1.0%▼ -0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 0.7%▼ -0.5 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.6%▼ -0.1 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026lowest value
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.4 percentage points vs 07-2026
09-2026: 1.1%▼ -0.1 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2019
Size: total assets €58,711
lowers risk
Liquidity: current ratio 1.25, cash €29,456
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 56, micro). It does better than 46% of them on solvency, 63% on liquidity, 93% on profitability and 15% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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, 6,713 companies had the same profile as CAW has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAW itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for CAW. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.25 (2.39 in 2024), below the usual 1.5. Short-term debt is 75.2% and cash 50.2% of total assets. 75.2% 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
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
6 days late
2024
57 days early
2023
49 days early
2022
45 days early
2021
31 days early
2020
71 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 41 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 16 June (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CAVELIER Laurent Cecil Yves founderdeed of 25-07-2019
- RIFFLART Johan Michel Léontine Ghislain founderdeed of 25-07-2019
- WARTIQUE Jonathan Arthur Bethy Ghislain founderdeed of 25-07-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0730947359
Resignation: Johan RIFFLART (director)
General meeting of 23-02-2022 · Gazette deed
Resignation: Jonathan WARTIQUE (director)
General meeting of 23-09-2019 · Gazette deed
Incorporation
Founders: CAVELIER Laurent Cecil Yves, RIFFLART Johan Michel Léontine Ghislain and WARTIQUE Jonathan Arthur Bethy Ghislain · Founding capital of €10,000, 100 shares · Appointments: CAVELIER Laurent Cecil Yves, RIFFLART Johan Michel Léontine Ghislain and WARTIQUE Jonathan Arthur Bethy Ghislain · published on 25-07-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CAW Namur | €58,711 | €43,572 | 24.8% | - |
| StephY Sint-Gillis (bij-Brussel) | €55,151 | €44,381 | 67.5% | - |
| CAFE RAFAEL Jette | €66,044 | €42,990 | 83.3% | - |
| THE SKIPPER Antwerp | €54,513 | €42,775 | 28.8% | - |
| MAC COFFEE Jette | €54,220 | €48,585 | 61.1% | - |
| VELVET CONCEPT Mouscron | €51,116 | €47,251 | -32.5% | - |
| CARSA Sint-Gillis (bij-Brussel) | €52,199 | €36,903 | 65.0% | - |
These companies have the same main activity as CAW: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €51,100 and €66,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 23-07-2019Normal situation
- Activity
- Cafés and barsNACE 56301and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.291.427.8325000 Namur, since 23-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on CAW
CAW files the micro format. That format states no turnover. The gross margin rose from €14,220 in 2020 to €43,572 in 2025.
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 CAW
- What is the company number of CAW?
- The company number of CAW is 0730.947.359. The VAT number is the same number with BE in front: BE 0730.947.359.
- Where is CAW based?
- The registered office is at Avenue de Tabora 21, 5000 Namur.Company details
- What does CAW do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of CAW?
- CAW is a private limited company (BV).
- When was CAW founded?
- CAW was founded on 23-07-2019.
- Is CAW still active?
- Yes, CAW is an active enterprise in the KBO register.
- How many employees does CAW have?
- CAW had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CAW fall under?
- In its 2025 annual accounts, CAW states joint committee 302 (Hotels and catering).
- What is the turnover of CAW?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €43,572 and 38 comparable companies (NACE 56301). It probably lies between €120,000 and €240,000.
- Is CAW profitable?
- In financial year 2025, CAW made a profit of €16,412.
- Where can I find the annual accounts of CAW?
- CAW filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CAW due?
- CAW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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