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Kavege

Active
Private limited companyfounded 20233 yrs activeWenzel Cobergherstraat 11, 2650 Edegem, BelgiumKBO/BCE: BE 0798.398.783
Summary

Kavege has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68,506 and a net result of €39,372. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency84▲+6
Growth78
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 2.14 in 2023; short-term debt: 41.4% and cash: 31% of total assets), and 41.4% of the assets are financed with debt.
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Signals

Three 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 19-06-2026, 42 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
42 d early
2024
42 d early
2023
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 19 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 February 2023, Kavege was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
€68,506▲ 128%
2023 · €29,989
Total assets
€116,976▲ 108%
2023 · €56,303
Net result
€39,372▲ 13.0%
2023 · €34,839
Working capital
€4,132▼ 86.2%
2023 · €30,022
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20232024
Operating result€46,322-€58,756▲ 26.8%
Net result€34,839within the sector's middle half-€39,372within the sector's middle half▲ 13.0%
Equity€29,989below the sector's middle half-€68,506within the sector's middle half▲ 128%
Total assets€56,303below the sector's middle half-€116,976within the sector's middle half▲ 108%
Debt€26,314-€48,471▲ 84.2%
Working capital€30,022within the sector's middle half-€4,132below the sector's middle half▼ 86.2%
Solvency53.3%within the sector's middle half-58.6%within the sector's middle half▲ 5.3pp
Current ratio2.14within the sector's middle half-1.09below the sector's middle half▼ 1.06
Return on assets (ROA)61.9%above the sector's middle half-33.7%within the sector's middle half▼ 28.2pp
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting 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
€0€20,000€40,000€60,000Operating result 2023: €46,322€46,322Net result 2023: €34,839€34,839Operating result 2024: €58,756€58,756Net result 2024: €39,372€39,37220232024€0€20,000€40,000€60,000Operating result 2023: €46,322€46,300Net result 2023: €34,839€34,800Operating result 2024: €58,756€58,800Net result 2024: €39,372€39,40020232024
The operating result rises in 2024; 2024 is 27% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116,976
Fixed assets €64,374
Current assets €52,603
Equity and liabilities €116,976
Equity €68,506 ▲ 128%
Debt €48,471 ▲ 84.2%
Debt's share of the balance-sheet total falls from 46.7% to 41.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€59,587
Cash flow
€40,204
Debt to equity
0.71▼
2023 · 0.88
ROE
57.5%▼
2023 · 116.2%
Interest coverage
42.02
Debt ≤ 1 year
€48,471▲
2023 · €26,281
Income taxes
€17,965▲
2023 · €11,063
Staff costs
€20,535▲
2023 · €12,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€56,303€116,976▲
Fixed assets21/28-€64,374
Tangible fixed assets22/27-€9,143
Land and buildings22-€9,143
Financial fixed assets28-€55,231
Current assets29/58€56,303€52,603▼
Amounts receivable within one year40/41€5,275€16,335▲
Trade receivables40-€16,335
Other amounts receivable41€5,275-
Cash at bank and in hand54/58€51,028€36,268▼
Equity and liabilities
Total equity and liabilities10/49€56,303€116,976▲
Equity10/15€29,989€68,506▲
Contributions10/11€3,000€3,000=
Reserves13€26,989€65,506▲
Distributable reserves133€26,989€65,506▲
Amounts payable17/49€26,314€48,471▲
Amounts payable within one year42/48€26,281€48,471▲
Trade debts44€1,471€8,892▲
Suppliers440/4€1,471€8,892▲
Taxes, remuneration and social security45€16,960€31,980▲
Taxes450/3€16,960€31,980▲
Other amounts payable47/48€7,850€7,598▼
Accrued charges and deferred income492/3€33-
Income statement Code20232024
Remuneration, social security and pensions62€12,273€20,535▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€831
Other operating charges640/8€976€1,068▲
Non-recurring operating charges66A-€6
Gross operating margin9900€59,571€81,196▲
Operating profit (loss)9901€46,322€58,756▲
Financial income75/76B€30€0▼
Recurring financial income75€30€0▼
Financial charges65/66B€450€1,418▲
Recurring financial charges65€450€1,418▲
Profit (loss) for the period before taxes9903€45,902€57,338▲
Income taxes67/77€11,063€17,965▲
Profit (loss) for the period9904€34,839€39,372▲
Profit (loss) for the period to be appropriated9905€34,839€39,372▲
Appropriation of the result
Profit (loss) to be appropriated9906€34,839€39,372▲
Transfer to equity691/2€26,989€38,516▲
To other reserves6921€26,989€38,516▲
Profit to be distributed694/7€7,850€856▼
Return on contributions (dividend)694€7,850€856▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€12,273€20,535▲ 67.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€831-
Other operating charges640/8€976€1,068▲ 9.4%
Non-recurring operating charges66A-€6-
Gross operating margin9900€59,571€81,196▲ 36.3%
Operating profit (loss)9901€46,322€58,756▲ 26.8%
Financial income75/76B€30€0▼ 100.0%
Recurring financial income75€30€0▼ 100.0%
Financial charges65/66B€450€1,418▲ 215%
Recurring financial charges65€450€1,418▲ 215%
Profit (loss) for the period before taxes9903€45,902€57,338▲ 24.9%
Income taxes67/77€11,063€17,965▲ 62.4%
Profit (loss) for the period9904€34,839€39,372▲ 13.0%
Profit (loss) for the period to be appropriated9905€34,839€39,372▲ 13.0%
Line20232024Change
Assets
Total assets20/58€56,303€116,976▲ 108%
Fixed assets21/28-€64,374-
Tangible fixed assets22/27-€9,143-
Land and buildings22-€9,143-
Financial fixed assets28-€55,231-
Current assets29/58€56,303€52,603▼ 6.6%
Amounts receivable within one year40/41€5,275€16,335▲ 210%
Trade receivables40-€16,335-
Other amounts receivable41€5,275--
Cash at bank and in hand54/58€51,028€36,268▼ 28.9%
Equity and liabilities
Total equity and liabilities10/49€56,303€116,976▲ 108%
Equity10/15€29,989€68,506▲ 128%
Contributions10/11€3,000€3,000=
Reserves13€26,989€65,506▲ 143%
Distributable reserves133€26,989€65,506▲ 143%
Amounts payable17/49€26,314€48,471▲ 84.2%
Amounts payable within one year42/48€26,281€48,471▲ 84.4%
Trade debts44€1,471€8,892▲ 504%
Suppliers440/4€1,471€8,892▲ 504%
Taxes, remuneration and social security45€16,960€31,980▲ 88.6%
Taxes450/3€16,960€31,980▲ 88.6%
Other amounts payable47/48€7,850€7,598▼ 3.2%
Accrued charges and deferred income492/3€33--
Line20232024Change
Profit (loss) for the period9904€34,839€39,372▲ 13.0%
+ Depreciation and write-downs630-€831-
Operating cash flow (approximation)€34,839€40,204▲ 15.4%
Change in cash--€14,760-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Edegem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
349 m²
Building footprint
102 m²
Volume, LiDAR
609 m³
Parcel 11013A0026/00N004, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Kavege
Wenzel Cobergherstraat 11, 2650 EdegemActivities of bailiffs
since 20232.341.523.085
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11013A0026/00N004 Flanders 349 m² 1 · 102 m² 10.2 m · 3 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.

Similar companies · same sector, comparable size

Of 1,019 companies in sector 69103 we hold annual accounts for 611. 416 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
Founded13-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798398783
Also 9925:BE0798398783
Registered 12-12-2024

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.