CAWARRA
ActiveSummary
CAWARRA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-53k) and a net result of €-16k. Equity is shrinking by ~72% per year across the filed fiscal years. Its solvency ranks better than 13% of 353 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11=
Solvency5▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.03 in 2023; short-term debt: 120.1% and cash: 1.9% of total assets), and equity is negative.
Credit advice 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-20.1%
Return on assets
-5.9%
Age of the figures
21 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-53k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
55 d late
2022
57 d late
2021
61 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-53k▼ 41.5%
2023 · €-37k
2018: €3k
2019: €40k
2020: €8k
2021: €-11k
2022: €-21k
2023: €-37k
2018 → 2024
Total assets
€264k▼ 4.9%
2023 · €277k
2018: €148k
2019: €84k
2020: €89k
2021: €295k
2022: €296k
2023: €277k
2018 → 2024
Net result
€-16k▲ 6.3%
2023 · €-17k
2018: €39k
2019: €37k
2020: €-32k
2021: €-18k
2022: €-10k
2023: €-17k
2018 → 2024
Working capital
€-308k▼ 0.7%
2023 · €-306k
2018: €-15k
2019: €28k
2020: €-13k
2021: €-290k
2022: €-306k
2023: €-306k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€-11k€-21k▼ 93.2%€-37k▼ 79.5%€-53k▼ 41.5%
Operating result€-32k-€-18k▲ 43.3%€-10k▲ 45.5%€-16k▼ 65.3%€-15k▲ 6.3%
Net result€-32k-€-18k▲ 43.2%€-10k▲ 45.3%€-17k▼ 64.8%€-16k▲ 6.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €16k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264k
Fixed assets
€256k ▼ 5.0%
Current assets
€8k ▼ 0.9%
Key figures and ratios
EBITDA
€-174▼
2023 · €-57
Cash flow
€-247▼
2023 · €-137
Solvency
-20.1%▼
2023 · -13.5%
Current ratio
0.03▼
2023 · 0.03
Debt to equity
-5.98▲
2023 · -8.41
ROA
-5.9%▲
2023 · -6.0%
Interest coverage
-2.36▼
2023 · -0.71
Debt
€317k▲
2023 · €315k
Debt ≤ 1 year
€317k▲
2023 · €315k
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 · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€277k€264k▼
Fixed assets21/28€269k€256k▼
Tangible fixed assets22/27€269k€256k▼
Land and buildings22€256k€246k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€13k€7k▼
Current assets29/58€8k€8k▼
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€277k€264k▼
Equity10/15€-37k€-53k▼
Contributions10/11€6k€6k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-47k€-63k▼
Amounts payable17/49€315k€317k▲
Amounts payable within one year42/48€315k€317k▲
Trade debts44€2k€52▼
Suppliers440/4€2k€52▼
Other amounts payable47/48€313k€317k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€1k€995▼
Operating profit (loss)9901€-16k€-15k▲
Financial charges65/66B€80€73▼
Recurring financial charges65€80€73▼
Profit (loss) for the period before taxes9903€-17k€-16k▲
Profit (loss) for the period9904€-17k€-16k▲
Profit (loss) for the period to be appropriated9905€-17k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-63k▼
Profit (loss) brought forward from the previous period14P€-31k€-47k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 57 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-32k ▼188%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 135 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lubbeek · 1 establishment unit since 2001
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.
Eekhoornlaan(LIN) 253210 LubbeekGround area
2,203 m²
Building footprint
301 m²
Volume, LiDAR
1,530 m³
Parcel 24063A0015/00P000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Eekhoornlaan(LIN) 25, 3210 Lubbeek
since 20012.095.241.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24063A0015/00P000 | Flanders | 2,203 m² | 1 · 301 m² | 8.8 m · 2 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.
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Of 2,361 companies in sector 78100 we hold annual accounts for 1,364. 559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.