CAW
ActiveSummary
The computed 12-month bankruptcy probability of CAW is 3.5% (moderate). The 2025 annual accounts show equity of €15k and a net result of €16k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 45% of 13417 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency50▼-42
Growth78=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 2.39 in 2024; short-term debt: 75.2% and cash: 50.2% of total assets), and 75.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
24.8%
Return on assets
28%
Age of the figures
9 mo
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
6 d late
2024
57 d early
2023
49 d early
2022
45 d early
2021
31 d early
2020
71 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 48.2%
2024 · €28k
2020: €13klowest in 6 years
2021: €28k▲ +110% vs 2020
2022: €28k▼ -0.7% vs 2021
2023: €31k▲ +8.8% vs 2022highest in 6 years
2024: €28k▼ -7.8% vs 2023
2025: €15k▼ -48.2% vs 2024
2020 → 2025
Total assets
€59k▲ 39.9%
2024 · €42k
2020: €35klowest in 6 years
2021: €42k▲ +22.3% vs 2020
2022: €66k▲ +55.1% vs 2021highest in 6 years
2023: €37k▼ -44.4% vs 2022
2024: €42k▲ +14.8% vs 2023
2025: €59k▲ +39.9% vs 2024
2020 → 2025
Net result
€16k▲ 74.3%
2024 · €9k
2020: €3k
2021: €15k▲ +323% vs 2020
2022: €24k▲ +60.9% vs 2021highest in 6 years
2023: €2k▼ -89.7% vs 2022lowest in 6 years
2024: €9k▲ +282% vs 2023
2025: €16k▲ +74.3% vs 2024
2020 → 2025
Working capital
€11k▼ 41.7%
2024 · €19k
2020: €-7klowest in 6 years
2021: €11k▲ +255% vs 2020
2022: €8k▼ -20.4% vs 2021
2023: €13k▲ +59.1% vs 2022
2024: €19k▲ +42.4% vs 2023highest in 6 years
2025: €11k▼ -41.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€28k▼ 0.7%€31k▲ 8.8%€28k▼ 7.8%€15k▼ 48.2%
2021: €28k
2022: €28k▼ -0.7% vs 2021
2023: €31k▲ +8.8% vs 2022highest in 5 years
2024: €28k▼ -7.8% vs 2023
2025: €15k▼ -48.2% vs 2024lowest in 5 years
Operating result€15k-€30k▲ 93.4%€3k▼ 90.3%€13k▲ 365%€22k▲ 60.7%
2021: €15k
2022: €30k▲ +93.4% vs 2021highest in 5 years
2023: €3k▼ -90.3% vs 2022lowest in 5 years
2024: €13k▲ +365% vs 2023
2025: €22k▲ +60.7% vs 2024
Net result€15k-€24k▲ 60.9%€2k▼ 89.7%€9k▲ 282%€16k▲ 74.3%
2021: €15k
2022: €24k▲ +60.9% vs 2021highest in 5 years
2023: €2k▼ -89.7% vs 2022lowest in 5 years
2024: €9k▲ +282% vs 2023
2025: €16k▲ +74.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€3k ▼ 62.0%
Current assets
€55k ▲ 67.8%
Equity and liabilities €59k
Equity
€15k ▼ 48.2%
Debt
€44k ▲ 220%
Debt's share of the balance-sheet total rises from 32.9% to 75.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €23k
Cash flow
€24k▲
2024 · €19k
Current ratio
1.25▼
2024 · 2.39
Quick ratio
1.19▼
2024 · 2.13
Debt to equity
3.03▲
2024 · 0.49
ROE
112.6%▲
2024 · 33.4%
ROA
28.0%▲
2024 · 22.4%
Interest coverage
24.50▼
2024 · 26.31
Debt ≤ 1 year
€44k▲
2024 · €14k
Income taxes
€4k▲
2024 · €3k
Staff costs
€12k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42k€59k▲
Fixed assets21/28€9k€3k▼
Tangible fixed assets22/27€9k€3k▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€260€260=
Current assets29/58€33k€55k▲
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€955€15k▲
Trade receivables40-€179
Other amounts receivable41€955€15k▲
Cash at bank and in hand54/58€21k€29k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€42k€59k▲
Equity10/15€28k€15k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€18k€5k▼
Amounts payable17/49€14k€44k▲
Amounts payable within one year42/48€14k€44k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€8k€11k▲
Remuneration and social security454/9€849€677▼
Other amounts payable47/48€593€30k▲
Income statement
Code20242025
Remuneration, social security and pensions62€8k€12k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€36k€44k▲
Operating profit (loss)9901€13k€22k▲
Financial income75/76B-€462
Recurring financial income75-€462
Financial charges65/66B€872€1k▲
Recurring financial charges65€872€1k▲
Profit (loss) for the period before taxes9903€13k€21k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€9k€16k▲
Profit (loss) for the period to be appropriated9905€9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€35k▲
Profit (loss) brought forward from the previous period14P€21k€18k▼
Profit to be distributed694/7€12k€30k▲
Return on contributions (dividend)694€12k€30k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3k | €5k | €8k | €12k | ▲ 42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €9k | €10k | €8k | ▼ 19.4% |
| Other operating charges640/8 | €1k | €983 | €4k | €5k | €3k | ▼ 46.4% |
| Gross operating margin9900 | €25k | €42k | €20k | €36k | €44k | ▲ 20.3% |
| Operating profit (loss)9901 | €15k | €30k | €3k | €13k | €22k | ▲ 60.7% |
| Financial income75/76B | - | €636 | €484 | - | €462 | - |
| Recurring financial income75 | - | €636 | €484 | - | €462 | - |
| Financial charges65/66B | €612 | €2k | €425 | €872 | €1k | ▲ 37.0% |
| Recurring financial charges65 | €612 | €2k | €425 | €872 | €1k | ▲ 37.0% |
| Profit (loss) for the period before taxes9903 | €15k | €29k | €3k | €13k | €21k | ▲ 66.0% |
| Income taxes67/77 | - | €5k | €486 | €3k | €4k | ▲ 41.4% |
| Profit (loss) for the period9904 | €15k | €24k | €2k | €9k | €16k | ▲ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €15k | €24k | €2k | €9k | €16k | ▲ 74.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42k | €66k | €37k | €42k | €59k | ▲ 39.9% |
| Fixed assets21/28 | €19k | €20k | €17k | €9k | €3k | ▼ 62.0% |
| Tangible fixed assets22/27 | €17k | €17k | €17k | €9k | €3k | ▼ 63.9% |
| Plant, machinery and equipment23 | €14k | €11k | €13k | €7k | €2k | ▼ 77.6% |
| Furniture and vehicles24 | - | €6k | €4k | €2k | €2k | ▼ 1.6% |
| Leasing and similar rights25 | €3k | - | - | - | - | - |
| Financial fixed assets28 | €2k | €2k | €260 | €260 | €260 | = |
| Current assets29/58 | €23k | €46k | €19k | €33k | €55k | ▲ 67.8% |
| Stocks and contracts in progress3 | €1k | €4k | €3k | €4k | €3k | ▼ 22.1% |
| Stocks30/36 | €1k | €4k | €3k | €4k | €3k | ▼ 22.1% |
| Amounts receivable within one year40/41 | €767 | €22k | €5k | €955 | €15k | ▲ 1,474% |
| Trade receivables40 | - | €3k | €3k | - | €179 | - |
| Other amounts receivable41 | €767 | €19k | €1k | €955 | €15k | ▲ 1,456% |
| Cash at bank and in hand54/58 | €21k | €20k | €9k | €21k | €29k | ▲ 40.6% |
| Deferred charges and accrued income490/1 | - | - | €2k | €7k | €8k | ▲ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42k | €66k | €37k | €42k | €59k | ▲ 39.9% |
| Equity10/15 | €28k | €28k | €31k | €28k | €15k | ▼ 48.2% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €18k | €18k | €21k | €18k | €5k | ▼ 74.8% |
| Amounts payable17/49 | €14k | €38k | €6k | €14k | €44k | ▲ 220% |
| Amounts payable within one year42/48 | €12k | €38k | €6k | €14k | €44k | ▲ 220% |
| Current portion of amounts payable after more than one year42 | €3k | - | - | - | - | - |
| Trade debts44 | €2k | €912 | €441 | €4k | €3k | ▼ 33.7% |
| Suppliers440/4 | €2k | €912 | €441 | €4k | €3k | ▼ 33.7% |
| Taxes, remuneration and social security45 | €666 | €10k | €6k | €9k | €11k | ▲ 26.9% |
| Taxes450/3 | €666 | €9k | €5k | €8k | €11k | ▲ 31.9% |
| Remuneration and social security454/9 | - | €1k | €271 | €849 | €677 | ▼ 20.3% |
| Other amounts payable47/48 | €6k | €26k | €21 | €593 | €30k | ▲ 4,955% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €24k | €2k | €9k | €16k | ▲ 74.3% |
| + Depreciation and write-downs630 | €8k | €8k | €9k | €10k | €8k | ▼ 19.4% |
| Operating cash flow (approximation) | €23k | €32k | €11k | €19k | €24k | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | €-8k | €-6k | €-1k | €-2k | ▼ 43.7% |
| Change in cash | - | €-956 | €-11k | €12k | €9k | ▼ 29.1% |
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼89.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.23
Current ratio from 1.22 to 3.23; short-term debt falls from €38k to €6k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €24k ▲60.9%
Operating result €30k, net result €24k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.86
Current ratio from 0.52 to 1.86; short-term debt falls from €14k to €12k.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Namur · 1 establishment unit since 2019
Ground area
8,313 m²
Parcel 92302G0195/00L011, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CAW
since 20192.291.427.832
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302G0195/00L011 | Wallonia | 8,313 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.291.427.832
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 3,826 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
Founded23-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Contact
E-mail
cavel.laurent@gmail.com
Phone
+32496219800
Scores and ratios are computed by Checked and are not a credit decision.