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KAVELS

Active
Private limited companyfounded 200917 years activeAchterstraat(EER) 33, 8480 Ichtegem, BelgiumKBO/BCE: BE 0812.138.537
Summary

KAVELS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€153,598) and a net result of -€21,104. Equity is shrinking by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 13,521 sector peers (NACE 46, fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Activity
Agents in non-specialised wholesale trade
NACE 46190
1 site
Size
€484,989total assets 2025
Equity
-€153,598
Loss
-€21,104
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy probability, 12 months
1.4%
Structure
Accounts 26 days early1 of 10 deeds read
Why 54Capped at 59: negative equity- 1 change of registered office in 24 months- Negative equity -€153,598+ Size: total assets €484,989+ Founded in 2009Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 46, micro)
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -31.7% of total assets
Liquidity 49+1
short-term debt 12.3% · cash 0.6%
Profitability 34+18
return on assets -4.4%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.3%▲ +0.2 percentage points vs 12-2024 02-2025: 1.2%▼ -0.1 percentage points vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025 08-2025: 1.2%● unchanged vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.1%▼ -0.1 percentage points vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.6%▼ -0.6 percentage points vs 01-2026lowest value 03-2026: 0.6%● unchanged vs 02-2026lowest value 04-2026: 1.4%▲ +0.8 percentage points vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 1.4%● unchanged vs 07-2026 09-2026: 1.4%● unchanged vs 08-2026 10-2026: 1.4%● unchanged vs 09-2026highest value
No credit on open account
Liquidity short (current ratio 0.24 against 0.11 in 2024; short-term debt: 12.3% and cash: 0.6% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 6% on solvency, 49% on liquidity, 28% on profitability and 21% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Size: total assets €484,989
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€153,598
NBB · annual accounts
lowers risk · Founded in 2009
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€153,598
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 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
26 days early
2024
29 days early
2023
47 days early
2022
28 days early
2021
45 days early
2020
1 day late
2019
8 days 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 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 2 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€153,598 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€21,104 View
  • Caution: Among the weakest 5% on equitysector median €57,224 · 13,556 companies -€153,598 View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€484,989
Loss
-€21,104
Solvency
-31.7%
Total assets▼ 4.0%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-01-2027
  1. 15-12-2023Annual accounts filed
  2. 03-01-2023Annual accounts filed
  3. 30-06-2022Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Agents in non-specialised wholesale tradeNACE 46190
Founded
04-06-2009
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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