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CAWA

Active
Watermolenstraat(Zar) 36 ·9500 Geraardsbergen, Belgium
KBO/BCE: BE 0477.057.777
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age24 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CAWA is 0.2% (very low). The 2024 annual accounts show equity of €176k and a net result of €15k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 7336 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 24-07-2025 7 d early 2025-00311463
31-12-2023 31-07-2024 29-08-2024 29 d late 2024-00399073
31-12-2022 31-07-2023 26-07-2023 5 d early 2023-00271369
31-12-2021 31-07-2022 30-08-2022 30 d late 2022-20348882
31-12-2020 31-07-2021 31-08-2021 31 d late 2021-62000155
31-12-2019 31-07-2020 23-07-2020 8 d early 2020-33500071
31-12-2018 31-07-2019 30-07-2019 1 d early 2019-41300394
31-12-2017 31-07-2018 31-08-2018 31 d late 2018-59200332
31-12-2016 31-07-2017 30-09-2017 61 d late 2017-65600366
31-12-2015 31-07-2016 30-09-2016 61 d late 2016-63600078

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 2002, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector Long track record

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€15k-25.0%
Working capital€-211k+16.2%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · micro
€0€50k€100kOperating result 2020: €37k€37kNet result 2020: €101k€101kOperating result 2021: €47k€47kNet result 2021: €29k€29kOperating result 2022: €18k€18kNet result 2022: €7k€7kOperating result 2023: €37k€37kNet result 2023: €20k€20kOperating result 2024: €19k€19kNet result 2024: €15k€15k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~9.4%/year over 7 fiscal years, indicative, assuming unchanged policy.
€50k€100k€150k€200k€250k2025: €190k (€176k - €204k)2026: €204k (€190k - €218k)2027: €218k (€204k - €232k)2018: €85k2019: €109k2020: €126k2021: €148k2022: €148k2023: €161k2024: €176k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 37.8% 65.0%
better than 25% of 7336 sector peers
Net result €15k €32k
better than 33% of 7333 sector peers
Equity €176k €58k
better than 89% of 7338 sector peers
Gross operating margin €114k €52k
better than 87% of 7327 sector peers
Total assets €466k €103k
better than 95% of 7339 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P25
2020: P20 · n=6272021: P22 · n=17332022: P22 · n=37942023: P23 · n=58012024: P25 · n=73362020 2024
Stable position over 2020-2024 · n=627-7336
Net result P33
2020: P52 · n=6242021: P62 · n=17282022: P25 · n=37922023: P42 · n=57972024: P33 · n=73332020 2024
Weakening position over 2020-2024 · n=624-7333
Equity P89
2020: P72 · n=6282021: P88 · n=17332022: P91 · n=37962023: P90 · n=58042024: P89 · n=73382020 2024
Stable position over 2020-2024 · n=628-7338
Gross operating margin P87
2020: P82 · n=6232021: P89 · n=17262022: P77 · n=37862023: P83 · n=57932024: P87 · n=73272020 2024
Stable position over 2020-2024 · n=623-7327
Describes the position versus peers, not a forecast.
EBITDA
€60k
-29.5% 18-24
Net profit
€15k
-25.0% 18-24
Cash flow
€56k
-17.2% 18-24
Total assets
€466k
+1.2% 18-24
Equity
€176k
+9.5% 18-24
Working capital
€-211k
+16.2% 18-24
Income taxes
€6k
-20.0% 18-24
Dividends
€0
-100.0% 18-24
Debt
€290k
-3.3% 18-24
Debt ≤ 1y
€290k
-2.5% 18-24
Debt > 1y
€0
-100.0% 18-24
Current ratio
0.27
+77.4% 18-24
Quick ratio
0.27
+77.4% 18-24
Solvency
37.8%
+8.2% 18-24
Debt / equity
1.65
-11.7% 18-24
ROE
8.7%
-31.5% 18-24
ROA
3.3%
-25.9% 18-24
Interest coverage
73.97
+753.9% 18-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€60k
Net profit€15k
Cash flow€56k
Staff costs-
Income taxes€6k
Dividends€0
Total assets€466k
Equity€176k
Debt€290k
of which ≤ 1y€290k
of which > 1y-
Working capital€-211k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.27
Quick ratio0.27
Working capital ratio-45.3%
Solvency37.8%
Debt / equity1.65
Long-term debt ratio-
Interest coverage73.97
Gross margin-
Net margin-
ROA3.3%
ROE8.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€466k
Fixed assets 21/28€387k
Tangible fixed assets 22/27€387k
Current assets 29/58€79k
Amounts receivable within one year 40/41€9k
Investments 50/53€53k
Cash & bank 54/58€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€466k
Equity 10/15€176k
Contributions / capital 10/11€6k
Reserves 13€86k
Accumulated profits (losses) 14€83k
Amounts payable 17/49€290k
Amounts payable within one year 42/48€290k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€114k
Operating result 9901€19k
Financial income 75€3k
Financial charges 65€807
Result before taxes 9903€21k
Income taxes 67/77€6k
Net result for the period 9904€15k
Result to be appropriated 9905€15k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
49 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
Geraardsbergen exact location from the address register

Establishment units

1 location
Watermolenstraat(Zar) 36, 9500 Geraardsbergen
de overige kleinhandel in voedings- en genotmiddelen in gespecialiseerde winkels, n.e.g.
since 20022.101.784.320
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,019 m²
Buildings1
Building footprint140 m²
Volume (LiDAR)1,295 m³
Tallest building12.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41079A0842/00E000 Flanders 1,019 m² 1 · 140 m² 12.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health49Profitability43Solvency48Growth52Stability100
58 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 49
Profitability 43
Solvency 48
Growth 52
Stability 100

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Computeradviesbureaus72100Overige detailhandel in voedingsmiddelen, neg47279Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.47299Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels47740Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen47741Overige detailhandel in voedings- en genotmiddelen in gespecialiseerde winkels, n.e.g.52272Detailhandel in medische en orthopedische artikelen52320
Primary activity highlighted.
Names & trade names
Legal nameNL CAWA
Registered office
Watermolenstraat(Zar) 36
9500 Geraardsbergen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.