KAVANO
ActiveSummary
KAVANO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€61,851) and a net result of -€67,943. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency0▼-35
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 5.82 in 2024; short-term debt: 108.1% and cash: 55.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-42.1%
Return on assets
-46.3%
Age of the figures
15 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€61,851
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
45 d early
2023
55 d early
2022
28 d late
2021
1 d late
2020
5 d late
2019
25 d late
← 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 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 17 December (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€61,851
2024 · €6,092
Total assets
€146,787▲ 141%
2024 · €60,842
Net result
-€67,943
2024 · €8,555
Working capital
-€61,092
2024 · €22,889
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€181,661€5,979▼ 96.7%-€46,114€13,729-€65,551
Net result€161,473above the sector's middle half€933within the sector's middle half▼ 99.4%-€46,457below the sector's middle half€8,555within the sector's middle half-€67,943below the sector's middle half
Equity€91,562within the sector's middle half€80,494within the sector's middle half▼ 12.1%-€2,463below the sector's middle half€6,092below the sector's middle half-€61,851below the sector's middle half
Total assets€118,753below the sector's middle half▲ 442%€90,241below the sector's middle half▼ 24.0%€59,309below the sector's middle half▼ 34.3%€60,842below the sector's middle half▲ 2.6%€146,787below the sector's middle half▲ 141%
Debt€27,191▼ 70.4%€9,746▼ 64.2%€61,771▲ 534%€54,750▼ 11.4%€208,638▲ 281%
Working capital€69,110within the sector's middle half€72,295within the sector's middle half▲ 4.6%-€6,439within the sector's middle half€22,889within the sector's middle half-€61,092within the sector's middle half
Solvency77.1%above the sector's middle half▲ 396.1pp89.2%above the sector's middle half▲ 12.1pp-4.2%below the sector's middle half▼ 93.4pp10.0%within the sector's middle half▲ 14.2pp-42.1%below the sector's middle half▼ 52.1pp
Current ratio3.54above the sector's middle half▲ 3.358.42above the sector's middle half▲ 4.880.90within the sector's middle half▼ 7.525.82above the sector's middle half▲ 4.920.61within the sector's middle half▼ 5.20
Return on assets (ROA)136.0%above the sector's middle half▲ 280.1pp1.0%within the sector's middle half▼ 134.9pp-78.3%below the sector's middle half▼ 79.4pp14.1%above the sector's middle half▲ 92.4pp-46.3%below the sector's middle half▼ 60.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €65,551 after €13,729 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146,787
Fixed assets
€49,241 ▲ 48.3%
Current assets
€97,546 ▲ 253%
Key figures and ratios
EBITDA
-€54,707▼
2024 · €21,291
Cash flow
-€57,099▼
2024 · €16,117
Debt to equity
-3.37▼
2024 · 8.99
Interest coverage
-26.52▼
2024 · 4.44
Debt ≤ 1 year
€158,638▲
2024 · €4,750
Debt > 1 year
€50,000=
2024 · €50,000
Income taxes
€370▼
2024 · €377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,338 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% | 1.9% |
| 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 6,906 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €42,975 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,135 | €14,252 | €4,222 | €7,563 | €10,844 | ▲ 43.4% |
| Other operating charges640/8 | - | €3,080 | €1,407 | €1,461 | €2,648 | ▲ 81.3% |
| Gross operating margin9900 | €194,381 | €23,311 | -€40,484 | €22,752 | -€52,060 | ▼ 329% |
| Operating profit (loss)9901 | €181,661 | €5,979 | -€46,114 | €13,729 | -€65,551 | ▼ 577% |
| Financial income75/76B | - | €0 | €79 | €0 | €41 | - |
| Recurring financial income75 | €0 | €0 | €79 | €0 | €41 | - |
| Financial charges65/66B | - | €489 | €107 | €4,797 | €2,063 | ▼ 57.0% |
| Recurring financial charges65 | €109 | €489 | €107 | €4,797 | €2,063 | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | €181,552 | €5,490 | -€46,142 | €8,932 | -€67,573 | ▼ 857% |
| Income taxes67/77 | €20,079 | €4,557 | €315 | €377 | €370 | ▼ 1.8% |
| Profit (loss) for the period9904 | €161,473 | €933 | -€46,457 | €8,555 | -€67,943 | ▼ 894% |
| Profit (loss) for the period to be appropriated9905 | €161,473 | €933 | -€46,457 | €8,555 | -€67,943 | ▼ 894% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,753 | €90,241 | €59,309 | €60,842 | €146,787 | ▲ 141% |
| Fixed assets21/28 | €22,451 | €8,199 | €3,977 | €33,203 | €49,241 | ▲ 48.3% |
| Tangible fixed assets22/27 | €22,451 | €8,199 | €3,977 | €33,203 | €49,241 | ▲ 48.3% |
| Land and buildings22 | - | - | - | - | €4,500 | - |
| Plant, machinery and equipment23 | - | - | - | €1,097 | €7,012 | ▲ 539% |
| Furniture and vehicles24 | - | €8,199 | €3,977 | €32,107 | €31,126 | ▼ 3.1% |
| Other tangible fixed assets26 | - | - | - | - | €6,603 | - |
| Current assets29/58 | €96,301 | €82,042 | €55,332 | €27,638 | €97,546 | ▲ 253% |
| Amounts receivable within one year40/41 | €5,440 | €6,876 | €5,315 | €2,882 | €11,689 | ▲ 306% |
| Trade receivables40 | - | €3,220 | €4,492 | €0 | €11,689 | - |
| Other amounts receivable41 | - | €3,655 | €823 | €2,882 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €88,747 | €64,321 | €44,613 | €23,297 | €81,364 | ▲ 249% |
| Deferred charges and accrued income490/1 | - | €10,845 | €5,404 | €1,459 | €4,494 | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,753 | €90,241 | €59,309 | €60,842 | €146,787 | ▲ 141% |
| Equity10/15 | €91,562 | €80,494 | -€2,463 | €6,092 | -€61,851 | ▼ 1,115% |
| Contributions10/11 | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €79,062 | €67,994 | €31,494 | €31,494 | €31,494 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €66,134 | €29,634 | €29,634 | €29,634 | = |
| Profit (loss) carried forward14 | €0 | €0 | -€46,457 | -€37,902 | -€105,846 | ▼ 179% |
| Amounts payable17/49 | €27,191 | €9,746 | €61,771 | €54,750 | €208,638 | ▲ 281% |
| Amounts payable after more than one year17 | - | - | - | €50,000 | €50,000 | = |
| Financial debts170/4 | - | - | - | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €27,191 | €9,746 | €61,771 | €4,750 | €158,638 | ▲ 3,240% |
| Trade debts44 | €4,255 | €1,993 | €3,991 | €4,373 | €6,221 | ▲ 42.3% |
| Suppliers440/4 | - | €1,993 | €3,991 | €4,373 | €6,221 | ▲ 42.3% |
| Taxes, remuneration and social security45 | - | €7,663 | €3,543 | €377 | €13,547 | ▲ 3,493% |
| Taxes450/3 | - | €4,557 | €315 | €377 | €10,683 | ▲ 2,734% |
| Remuneration and social security454/9 | - | €3,106 | €3,229 | €0 | €2,864 | - |
| Other amounts payable47/48 | - | €90 | €54,237 | €0 | €138,870 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €161,473 | €933 | -€46,457 | €8,555 | -€67,943 | ▼ 894% |
| + Depreciation and write-downs630 | €11,135 | €14,252 | €4,222 | €7,563 | €10,844 | ▲ 43.4% |
| Operating cash flow (approximation) | €172,608 | €15,185 | -€42,235 | €16,117 | -€57,099 | ▼ 454% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€36,789 | -€26,882 | ▲ 26.9% |
| Change in cash | - | -€24,426 | -€19,709 | -€21,315 | €58,066 | ▲ 372% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€67,943
Net result drops to -€67,943, the lowest in the series.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €8,555
Net result €8,555 after one loss-making year.
30-06
Financial
Liquidity times 6current ratio 5.82
Current ratio from 0.90 to 5.82; short-term debt falls from €61,771 to €4,750.
2023
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
30-06
Financial
Liquidity doublescurrent ratio 8.42
Current ratio from 3.54 to 8.42; short-term debt falls from €27,191 to €9,746.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Back to profitnet €161,473
Net result €161,473 after 2 loss-making years.
30-06
Financial
Liquidity times 18current ratio 3.54
Current ratio from 0.19 to 3.54; short-term debt falls from €91,792 to €27,191.
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
Show earlier events
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
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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, Rumst · 1 establishment unit since 2013
Ground area
252 m²
Building footprint
252 m²
Volume, LiDAR
3,067 m³
Parcel 11037D0313/00F014, Flanders · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kavano
since 20132.225.508.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11037D0313/00F014 | Flanders | 252 m² | 1 · 252 m² | 16.2 m · 5 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.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 1,203 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
Founded18-12-2013
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543542270
Also
9925:BE0543542270
Registered
01-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.