Checked.be
Active
BE 0801.103.402Non-profit association
Cawa
Avenue Blonden 29 ·4000 Liège, Belgium· 3 yrs active
Sector: Vocational training
(85592)
Conclusion
Cawa has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28k and a net result of €-27k. Its solvency ranks better than 39% of 2541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €28k |
| Net result | €-27k |
| Better than sector | 39% |
| Active | 3 yrs |
Financial profile
44
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
37
Profitability
0
Solvency
59
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
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.
Checked score
37
/ 100
Weak
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.
Indicative credit limit
€1k
estimate, not credit advice
Score history
79
2023
37
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.41 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.41 (≥ 1.0)
+5
Profitability
Negatieve ROE -98%
-10
Interest coverage
Interest coverage -79.0× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-12-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 85, Education · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.5% | 45.8% | |
| Net result | €-27k | €7k | |
| Equity | €28k | €34k | |
| Gross operating margin | €208k | €26k | |
| Staff costs | €235k | €45k |
€-27k
-
23-24
€-27k
-
23-24
€-27k
-
23-24
€89k
-34.8%
23-24
€28k
-49.4%
23-24
€25k
-76.8%
23-24
€235k
+543.5%
23-24
€61k
-24.8%
23-24
€61k
+119.7%
23-24
1.41
-71.0%
23-24
1.41
-71.0%
23-24
31.5%
-22.5%
23-24
2.18
+48.8%
23-24
-97.8%
-
23-24
-30.8%
-
23-24
-79.00
-
23-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 |
|---|---|---|
| Deposit | micro schema | micro schema |
| Revenue | - | - |
| EBITDA | €-27k | €6k |
| Net profit | €-27k | €5k |
| Cash flow | €-27k | €5k |
| Staff costs | €235k | €37k |
| Income taxes | - | - |
| Dividends | - | - |
| Total assets | €89k | €136k |
| Equity | €28k | €55k |
| Debt | €61k | €81k |
| of which ≤ 1y | €61k | €28k |
| of which > 1y | - | - |
| Working capital | €25k | €107k |
| Employees (FTE) | - | - |
Ratios (computed)
| 2024 | 2023 | |
|---|---|---|
| Current ratio | 1.41 | 4.86 |
| Quick ratio | 1.41 | 4.86 |
| Working capital ratio | 27.9% | 78.5% |
| Solvency | 31.5% | 40.6% |
| Debt / equity | 2.18 | 1.46 |
| Long-term debt ratio | - | - |
| Interest coverage | -79.00 | 15.88 |
| Gross margin | - | - |
| Net margin | - | - |
| ROA | -30.8% | 3.8% |
| ROE | -97.8% | 9.3% |
| EBITDA margin | - | - |
| Days sales outstanding | - | - |
| Days payable outstanding | - | - |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €89k | €136k |
| Fixed assets | 21/28 | €3k | €2k |
| Tangible fixed assets | 22/27 | €733 | €2k |
| Financial fixed assets | 28 | €2k | - |
| Current assets | 29/58 | €85k | €134k |
| Amounts receivable within one year | 40/41 | €63k | €9k |
| Cash & bank | 54/58 | €23k | €125k |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €89k | €136k |
| Equity | 10/15 | €28k | €55k |
| Contributions / capital | 10/11 | €50k | €50k |
| Accumulated profits (losses) | 14 | €-22k | €5k |
| Amounts payable | 17/49 | €61k | €81k |
| Amounts payable within one year | 42/48 | €61k | €28k |
| Trade debts payable within one year | 44 | €5k | €494 |
| Income statement | |||
| Gross operating margin | 9900 | €208k | €42k |
| Operating result | 9901 | €-27k | €5k |
| Financial income | 75 | €65 | - |
| Financial charges | 65 | €341 | €353 |
| Result before taxes | 9903 | €-27k | €5k |
| Net result for the period | 9904 | €-27k | €5k |
| Result to be appropriated | 9905 | €-27k | €5k |
Directors & mandates
Current directors & mandates
-
Current28-01-2025 → present
-
Current28-06-2024 → present
-
UNESSALegal entityDirector· perm. rep.: Anne RemacleState Gazette act 24115194 (30-07-2024)Current28-06-2024 → present
Legal Structure
| NACE primary | Vocational training(85592) |
| Legal form | Non-profit association(017) |
| Incorporation | 24-04-2023 |
| Status | Active |
| Postal code | 4000 |
Connections & network
Linked via shared directors
viaAnne Marie HELLER · Director
→
viaAnne Marie HELLER · Director
former→
Establishment units
Design
since 20232.347.177.096
Cawa
since 20232.346.426.931
B3
since 20242.358.676.447
Real-estate footprint
Wallonia
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0224/00E009 | Brussels | 3.0 ha | 1 · 1,562 m² | - |
| 62808A0895/00P002 | Wallonia | 8,976 m² | - | - |
| 62805B0477/00A000 | Wallonia | 345 m² | 1 · 382 m² | 17.5 m · 6 fl. |
| 62805B0476/00H012 | Wallonia | 181 m² | 1 · 86 m² | 18.0 m · 6 fl. |
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
18-11
State Gazette act
Registered-office change
v3.2
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
30-07
State Gazette act
Director changes
v3.2
2023
26-04
State Gazette act
Incorporation
oprichting
State Gazette actNBB filing
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
Address history · 1
18-11-2025
v3.2
All acts · 3
updated 9 months ago
2025
18-11-2025 Registered office moved within Liège
- Rue Paradis 78, 4000 Liège → Avenue Blonden 29, 4000 Liège
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Li\u00E8ge",
"region": null,
"street": "Avenue Blonden",
"country": "BE",
"postcode": "4000",
"box_number": null,
"street_number": "29"
},
"old_address": {
"city": "Li\u00E8ge",
"region": null,
"street": "Rue Paradis",
"country": "BE",
"postcode": "4000",
"box_number": null,
"street_number": "78"
},
"effective_date": "2025-01-28",
"evidence_quote": "A la m\u00EAme date du 28 janvier 2025, l\u0027organe d\u0027administration a d\u00E9cid\u00E9 de transf\u00E9rer le si\u00E8ge social de l\u0027association de la Rue Paradis 78 \u00E0 4000 Li\u00E8ge vers l\u0027Avenue Blonden 29 \u00E0 4000 Li\u00E8ge."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0801.103.402",
"name_full": "CAWA",
"legal_form": "ASBL"
}
}2024
30-07-2024 2 directors appointed
- Anne Remacle, Bestuurder
- Anne Marie Heller, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Anne Remacle",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "Unessa",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-06-28",
"evidence_quote": "L\u0027Assembl\u00E9e g\u00E9n\u00E9rale du 28 juin 2024 approuve \u00E0 l\u0027unanimit\u00E9 la nomination d\u0027Unessa, repr\u00E9sent\u00E9e par Anne Remacle, \u00E0 l\u0027Assembl\u00E9e g\u00E9n\u00E9rale."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Anne Marie Heller",
"address": null,
"birth_date": null
},
"effective_date": "2024-06-28",
"evidence_quote": "L\u0027Assembl\u00E9e g\u00E9n\u00E9rale du 28 juin 2024 approuve \u00E0 l\u0027unanimit\u00E9 la nomination d\u0027Anne Marie Heller \u00E0 l\u0027Assembl\u00E9e g\u00E9n\u00E9rale et au Conseil d\u0027administration."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0801.103.402",
"name_full": "CAWA",
"legal_form": "ASBL"
}
}2023
26-04-2023 Incorporation of a new ASBL
Summary:
oprichting
Technical details
{
"kind": "oprichting",
"seat": "Rue des Brasseurs 8, 4000 Li\u00E8ge",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "Philippe Balbourg",
"niss": null,
"address": "Culot du Vieux Pr\u00E9, 12 \u00E0 4122 Neupr\u00E9"
},
"share_class": null,
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "Philippe Balbourg",
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "Alain Lesage",
"niss": null,
"address": "Avenue de la Sapini\u00E8re, 11 \u00E0 4121 Neuville-en-Condroz"
},
"share_class": null,
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "Alain Lesage",
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "Tania Loultcheff",
"niss": null,
"address": "Dessersstraat, 8 \u00E0 3700 Vreren"
},
"share_class": null,
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "Tania Loultcheff",
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "Bernadette Marcourt",
"niss": null,
"address": "Clos Reine Astrid, 32 \u00E0 4000 Rocourt"
},
"share_class": null,
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "Bernadette Marcourt",
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "Daniel Th\u00E9rasse",
"niss": null,
"address": "rue de l\u2019Abbaye, 37 \u00E0 5000 Namur"
},
"share_class": null,
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "Daniel Th\u00E9rasse",
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
},
{
"org": {
"kbo": null,
"name": "Job\u2019In asbl"
},
"kind": "rechtspersoon",
"person": null,
"share_class": null,
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "Job\u2019In asbl",
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 0,
"amount_subscribed_eur": 0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 0,
"subject_company": {
"kbo": "0801.103.402",
"name_full": "Cawa",
"legal_form": "ASBL"
},
"initial_directors": [],
"incorporation_date": "2023-04-21",
"post_incorporation_mandates": []
}Credit advice
Company registry (CBE)
Activities
Vocational training85592
Names & trade names
| Legal nameFR | Cawa |
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