KAVAI
ActiveSummary
KAVAI has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €443,343 and a net result of €131,883. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▼-4
Solvency94=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 4.42 against 3.41 in 2023; short-term debt: 18.2% and cash: 9% of total assets), and 31.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.8%
Return on assets
20.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
24 d early
2023
8 d early
2022
18 d early
2021
38 d early
2020
31 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€443,343▲ 42.0%
2023 · €312,293
Total assets
€644,762▲ 41.7%
2023 · €455,046
Net result
€131,883▲ 24.1%
2023 · €106,267
Working capital
€400,758▲ 55.7%
2023 · €257,357
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€208,922▼ 21.0%€303,751▲ 45.4%€291,010▼ 4.2%€152,395▼ 47.6%€182,633▲ 19.8%
Net result€160,499above the sector's middle half▼ 16.9%€229,510above the sector's middle half▲ 43.0%€191,214above the sector's middle half▼ 16.7%€106,267above the sector's middle half▼ 44.4%€131,883above the sector's middle half▲ 24.1%
Equity€15,301below the sector's middle half▲ 3.4%€14,811below the sector's middle half▼ 3.2%€206,026above the sector's middle half▲ 1,291%€312,293above the sector's middle half▲ 51.6%€443,343above the sector's middle half▲ 42.0%
Total assets€220,162within the sector's middle half▼ 16.0%€405,755above the sector's middle half▲ 84.3%€438,691above the sector's middle half▲ 8.1%€455,046above the sector's middle half▲ 3.7%€644,762above the sector's middle half▲ 41.7%
Debt€204,861▼ 17.2%€390,943▲ 90.8%€232,666▼ 40.5%€142,754▼ 38.6%€201,419▲ 41.1%
Working capital€7,847within the sector's middle half▲ 18.6%-€31,232below the sector's middle half€165,572above the sector's middle half€257,357above the sector's middle half▲ 55.4%€400,758above the sector's middle half▲ 55.7%
Solvency7.0%below the sector's middle half▲ 1.3pp3.7%below the sector's middle half▼ 3.3pp47.0%within the sector's middle half▲ 43.3pp68.6%above the sector's middle half▲ 21.7pp68.8%within the sector's middle half▲ 0.1pp
Current ratio1.04below the sector's middle half▲ 0.010.90below the sector's middle half▼ 0.141.98within the sector's middle half▲ 1.083.41above the sector's middle half▲ 1.444.42above the sector's middle half▲ 1.01
Return on assets (ROA)72.9%above the sector's middle half▼ 0.7pp56.6%above the sector's middle half▼ 16.3pp43.6%above the sector's middle half▼ 13.0pp23.4%above the sector's middle half▼ 20.2pp20.5%above the sector's middle half▼ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €644,762
Fixed assets
€126,942 ▲ 39.5%
Current assets
€517,821 ▲ 42.2%
Equity and liabilities €644,762
Equity
€443,343 ▲ 42.0%
Debt
€201,419 ▲ 41.1%
Debt's share of the balance-sheet total falls from 31.4% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€204,709▲
2023 · €187,645
Cash flow
€153,959▲
2023 · €141,517
Debt to equity
0.45▼
2023 · 0.46
ROE
29.7%▼
2023 · 34.0%
Interest coverage
45.73▼
2023 · 108.19
Debt ≤ 1 year
€117,063▲
2023 · €106,702
Debt > 1 year
€84,357▲
2023 · €36,052
Income taxes
€59,378▲
2023 · €46,833
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,788 | €22,332 | €38,250 | €35,250 | €22,076 | ▼ 37.4% |
| Other operating charges640/8 | - | €6,795 | €3,364 | €195,681 | €163,358 | ▼ 16.5% |
| Non-recurring operating charges66A | - | - | - | - | €26,763 | - |
| Gross operating margin9900 | €233,705 | €332,879 | €332,625 | €383,326 | €394,829 | ▲ 3.0% |
| Operating profit (loss)9901 | €208,922 | €303,751 | €291,010 | €152,395 | €182,633 | ▲ 19.8% |
| Financial income75/76B | - | €5 | €1 | €2,440 | €13,105 | ▲ 437% |
| Recurring financial income75 | €181 | €5 | €1 | €2,440 | €13,105 | ▲ 437% |
| Financial charges65/66B | - | €1,641 | €1,262 | €1,734 | €4,476 | ▲ 158% |
| Recurring financial charges65 | €814 | €1,641 | €1,262 | €1,734 | €4,476 | ▲ 158% |
| Profit (loss) for the period before taxes9903 | €208,289 | €302,115 | €289,749 | €153,100 | €191,262 | ▲ 24.9% |
| Income taxes67/77 | €47,790 | €72,604 | €98,535 | €46,833 | €59,378 | ▲ 26.8% |
| Profit (loss) for the period9904 | €160,499 | €229,510 | €191,214 | €106,267 | €131,883 | ▲ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €160,499 | €229,510 | €191,214 | €106,267 | €131,883 | ▲ 24.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220,162 | €405,755 | €438,691 | €455,046 | €644,762 | ▲ 41.7% |
| Fixed assets21/28 | €7,455 | €135,511 | €103,311 | €90,988 | €126,942 | ▲ 39.5% |
| Tangible fixed assets22/27 | €7,455 | €135,511 | €103,311 | €90,988 | €126,942 | ▲ 39.5% |
| Plant, machinery and equipment23 | - | €6,123 | €4,794 | €3,466 | €2,137 | ▼ 38.3% |
| Furniture and vehicles24 | - | €13,816 | €10,733 | €27,525 | €19,243 | ▼ 30.1% |
| Leasing and similar rights25 | - | €115,571 | €87,784 | €59,997 | €105,562 | ▲ 75.9% |
| Current assets29/58 | €212,708 | €270,244 | €335,380 | €364,059 | €517,821 | ▲ 42.2% |
| Amounts receivable within one year40/41 | €162,900 | €211,608 | €262,280 | €76,141 | €162,402 | ▲ 113% |
| Trade receivables40 | - | €211,238 | €261,873 | €72,713 | €159,016 | ▲ 119% |
| Other amounts receivable41 | - | €369 | €407 | €3,428 | €3,386 | ▼ 1.2% |
| Current investments50/53 | - | - | - | €65,679 | €78,442 | ▲ 19.4% |
| Cash at bank and in hand54/58 | €47,085 | €56,087 | €70,258 | €9,660 | €57,988 | ▲ 500% |
| Deferred charges and accrued income490/1 | - | €2,549 | €2,843 | €212,579 | €218,988 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220,162 | €405,755 | €438,691 | €455,046 | €644,762 | ▲ 41.7% |
| Equity10/15 | €15,301 | €14,811 | €206,026 | €312,293 | €443,343 | ▲ 42.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €193,626 | €299,893 | €430,943 | ▲ 43.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €191,766 | €299,893 | €430,943 | ▲ 43.7% |
| Profit (loss) carried forward14 | €1,041 | €551 | - | - | €0 | - |
| Amounts payable17/49 | €204,861 | €390,943 | €232,666 | €142,754 | €201,419 | ▲ 41.1% |
| Amounts payable after more than one year17 | - | €89,467 | €62,858 | €36,052 | €84,357 | ▲ 134% |
| Financial debts170/4 | - | €89,467 | €62,858 | €36,052 | €84,357 | ▲ 134% |
| Amounts payable within one year42/48 | €204,861 | €301,477 | €169,808 | €106,702 | €117,063 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | €26,413 | €26,609 | €26,806 | €21,900 | ▼ 18.3% |
| Trade debts44 | €5,662 | €3,507 | €2,460 | €2,259 | €1,447 | ▼ 35.9% |
| Suppliers440/4 | - | €3,507 | €2,460 | €2,259 | €1,447 | ▼ 35.9% |
| Taxes, remuneration and social security45 | - | €36,220 | €87,370 | €25,196 | €39,311 | ▲ 56.0% |
| Taxes450/3 | - | €36,220 | €87,370 | €23,180 | €39,311 | ▲ 69.6% |
| Remuneration and social security454/9 | - | - | - | €2,016 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €235,338 | €53,369 | €52,440 | €54,404 | ▲ 3.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €160,499 | €229,510 | €191,214 | €106,267 | €131,883 | ▲ 24.1% |
| + Depreciation and write-downs630 | €22,788 | €22,332 | €38,250 | €35,250 | €22,076 | ▼ 37.4% |
| Operating cash flow (approximation) | €183,287 | €251,842 | €229,464 | €141,517 | €153,959 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€150,388 | -€6,051 | -€22,926 | -€58,030 | ▼ 153% |
| Change in cash | - | €9,002 | €14,170 | -€60,598 | €48,328 | ▲ 180% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €106,267 ▼44.4%
Net result drops to €106,267, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.98
Current ratio from 0.90 to 1.98; short-term debt falls from €301,477 to €169,808.
31-12
Financial
Equity above €200,000Eq €206,026 ▲1,291%
5 profitable years in a row build equity to €206,026.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €229,510 ▲43%
Operating result €303,751, net result €229,510, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Kortenaken · 1 establishment unit since 2010
Ground area
2,677 m²
Building footprint
174 m²
Volume, LiDAR
1,175 m³
Parcel 24091A0418/00F000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kavai
since 20102.192.590.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24091A0418/00F000 | Flanders | 2,677 m² | 1 · 174 m² | 11.0 m · 2 fl. |
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.
Subsidies and aid
Flemish government
2025 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 150 EUR | 150 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500DD79ACF8DD3720
Similar companies · same sector, comparable size
ELECTRICITE FERONT
BE 0504.861.442
Yvoir · Eq €443,830
BC TECHNICS
BE 0670.833.192
Zottegem · Eq €442,425
Eric Lanis
BE 0678.508.763
Maldegem · Eq €442,279
SUN AIR ENERGY
BE 0671.931.272
Hannut · Eq €441,925
GYPEL
BE 0888.993.617
Meerhout · Eq €441,863
Of 22,818 companies in sector 43211 we hold annual accounts for 10,336. 6,777 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
Founded08-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
22240Manufacture of rubber and plastic products
25110Manufacture of metal structures and parts of structures
25620Manufacture of fabricated metal products, except machinery and equipment
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830089178
Also
9925:BE0830089178
Registered
06-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.