Equity
€590,218 ▲ 33.1%
KAVAI has made a profit in every financial year since 2011.
KAVAI
Lifetime
15 annual accounts with figures on one time axispeak €394,829 (2024)
€355,315▼ 10.0%
peak €229,510 (2021)
€147,708▲ 12.0%
peak €590,218 (2025)
€590,218▲ 33.1%
€130,905▼ 35.0%
Board2 names since 2010
2 directorsVANBRABANT Andy and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Dividend €833Equity from €443,343 to €590,218Debts from €201,419 to €130,905Cash from €57,988 to €239,683
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 84% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.3 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: < 0.1%▼ -0.4 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 8.97, cash €239,683
Equity €590,218 (81.8% of total assets)
Figures for financial year 2025 (filed on 29-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 89% on liquidity, 80% on profitability and 77% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as KAVAI has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of KAVAI itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for KAVAI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.97 (4.42 in 2024), above the usual 1.5. Short-term debt is 9.6% and cash 33.2% of total assets. 18.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €590,218
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 days early
2024
24 days early
2023
8 days early
2022
18 days early
2021
38 days early
2020
31 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0830089178
1 director appointed, 1 manager resigning, 1 reappointment
Resignation: VANBRABANT Andy (manager) · Reappointment: VANBRABANT Andy (director) · Appointment: HUPKO Katja (director) · General meeting of 27-11-2023 · Gazette deed
Incorporation
published on 12-10-2010 · Gazette deed
First establishment
Rectorijstraat 4, Kortenaken
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KAVAI Kortenaken | €721,123 | €355,315 | 81.8% | - |
| 1000 OHM Opwijk | €668,132 | €322,142 | 18.6% | - |
| HAP ELEKTRO Torhout | €709,064 | €329,849 | 28.3% | 4 |
| ALASKA Software Antwerp | €686,750 | €402,485 | 31.9% | - |
| BERRENTEC Beringen | €665,229 | €367,732 | 41.6% | - |
| VDB ELEKTROTECH Sint-Katelijne-Waver | €721,221 | €342,485 | 41.5% | - |
| BADA Villers-le-Bouillet | €739,132 | €366,750 | 1.7% | 6 |
These companies have the same main activity as KAVAI: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €665,000 and €739,000, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 08-10-2010Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Establishment unit
- 2.192.590.3743470 Kortenaken, since 08-10-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 06-08-2025
Annual accounts 2025
- ≈ €780,000estimated
- €721,123▲ 11.8%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on KAVAI
KAVAI files the micro format. That format states no turnover. The gross margin rose from €156,170 in 2011 to €355,315 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KAVAI
- What is the company number of KAVAI?
- The company number of KAVAI is 0830.089.178. The VAT number is the same number with BE in front: BE 0830.089.178.
- Where is KAVAI based?
- The registered office is at Rectorijstraat 4, 3470 Kortenaken.Company details
- What does KAVAI do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of KAVAI?
- KAVAI is a private limited company (BV).
- When was KAVAI founded?
- KAVAI was founded on 08-10-2010.
- Is KAVAI still active?
- Yes, KAVAI is an active enterprise in the KBO register.
- What is the turnover of KAVAI?
- The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €355,315 and 35 comparable companies (NACE 43211). It probably lies between €680,000 and €970,000.Financials
- Is KAVAI profitable?
- In financial year 2025, KAVAI made a profit of €147,708.
- Where can I find the annual accounts of KAVAI?
- KAVAI filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KAVAI due?
- KAVAI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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