Kavic
ActiveSummary
Kavic has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €-29k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency93▲+17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.19 in 2024; short-term debt: 20.3% and cash: 15.4% of total assets), and 32.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 dateAge against the risk zone
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
67.7%
Return on assets
-34.5%
Age of the figures
9 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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
23 d early
2023
5 d early
2022
27 d early
2021
30 d early
2020
19 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 33.7%
2024 · €85k
2020: €23klowest in 6 years
2021: €43k▲ +87.7% vs 2020
2022: €57k▲ +33.8% vs 2021
2023: €39k▼ -31.1% vs 2022
2024: €85k▲ +116% vs 2023highest in 6 years
2025: €57k▼ -33.7% vs 2024
2020 → 2025
Total assets
€84k▼ 50.1%
2024 · €167k
2020: €133k
2021: €137k▲ +2.5% vs 2020
2022: €113k▼ -17.2% vs 2021
2023: €159k▲ +40.9% vs 2022
2024: €167k▲ +5.0% vs 2023highest in 6 years
2025: €84k▼ -50.1% vs 2024lowest in 6 years
2020 → 2025
Net result
€-29k
2024 · €46k
2020: €10k
2021: €20k▲ +92.2% vs 2020
2022: €14k▼ -27.6% vs 2021
2023: €26k▲ +79.4% vs 2022
2024: €46k▲ +76.7% vs 2023highest in 6 years
2025: €-29k▼ -163% vs 2024lowest in 6 years
2020 → 2025
Working capital
€14k▼ 74.9%
2024 · €57k
2020: €10k
2021: €-8k▼ -185% vs 2020lowest in 6 years
2022: €10k▲ +216% vs 2021
2023: €-993▼ -110% vs 2022
2024: €57k▲ +5854% vs 2023highest in 6 years
2025: €14k▼ -74.9% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€57k▲ 33.8%€39k▼ 31.1%€85k▲ 116%€57k▼ 33.7%
2021: €43k
2022: €57k▲ +33.8% vs 2021
2023: €39k▼ -31.1% vs 2022lowest in 5 years
2024: €85k▲ +116% vs 2023highest in 5 years
2025: €57k▼ -33.7% vs 2024
Operating result€26k-€21k▼ 20.2%€37k▲ 79.2%€60k▲ 61.0%€-28k
2021: €26k
2022: €21k▼ -20.2% vs 2021
2023: €37k▲ +79.2% vs 2022
2024: €60k▲ +61.0% vs 2023highest in 5 years
2025: €-28k▼ -147% vs 2024lowest in 5 years
Net result€20k-€14k▼ 27.6%€26k▲ 79.4%€46k▲ 76.7%€-29k
2021: €20k
2022: €14k▼ -27.6% vs 2021
2023: €26k▲ +79.4% vs 2022
2024: €46k▲ +76.7% vs 2023highest in 5 years
2025: €-29k▼ -163% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €28k after €60k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€52k ▼ 16.0%
Current assets
€31k ▼ 70.3%
Equity and liabilities €84k
Equity
€57k ▼ 33.7%
Debt
€27k ▼ 67.2%
Debt's share of the balance-sheet total falls from 49.0% to 32.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-639▼
2024 · €82k
Cash flow
€-1k▼
2024 · €68k
Current ratio
1.84▼
2024 · 2.19
Debt to equity
0.48▼
2024 · 0.96
ROE
-50.9%▼
2024 · 53.8%
ROA
-34.5%▼
2024 · 27.4%
Interest coverage
-0.55▼
2024 · 103.86
Debt ≤ 1 year
€17k▼
2024 · €48k
Debt > 1 year
€10k▼
2024 · €34k
Income taxes
€211▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€167k€84k▼
Fixed assets21/28€62k€52k▼
Tangible fixed assets22/27€62k€52k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€16k€0▼
Other tangible fixed assets26€43k€51k▲
Current assets29/58€105k€31k▼
Amounts receivable within one year40/41€28k€8k▼
Trade receivables40€28k€8k▼
Other amounts receivable41€0-
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€67k€13k▼
Deferred charges and accrued income490/1€850€415▼
Equity and liabilities
Total equity and liabilities10/49€167k€84k▼
Equity10/15€85k€57k▼
Contributions10/11€19k€19k=
Reserves13€67k€38k▼
Distributable reserves133€67k€38k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€82k€27k▼
Amounts payable after more than one year17€34k€10k▼
Financial debts170/4€0-
Other amounts payable178/9€34k€10k▼
Amounts payable within one year42/48€48k€17k▼
Current portion of amounts payable after more than one year42€15k€0▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€30k€10k▼
Taxes450/3€30k€10k▼
Other amounts payable47/48€438€626▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€27k▲
Other operating charges640/8€156€1k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€86k€755▼
Operating profit (loss)9901€60k€-28k▼
Financial income75/76B€138€642▲
Recurring financial income75€138€642▲
Financial charges65/66B€790€1k▲
Recurring financial charges65€790€1k▲
Profit (loss) for the period before taxes9903€59k€-29k▼
Income taxes67/77€13k€211▼
Profit (loss) for the period9904€46k€-29k▼
Profit (loss) for the period to be appropriated9905€46k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€-29k▼
Transfer from equity791/2€0€29k▲
Transfer to equity691/2€46k€0▼
To other reserves6921€46k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €22k | €22k | €22k | €27k | ▲ 22.2% |
| Other operating charges640/8 | €493 | €124 | €823 | €156 | €1k | ▲ 795% |
| Non-recurring operating charges66A | - | - | - | €4k | €0 | ▼ 100% |
| Gross operating margin9900 | €47k | €43k | €60k | €86k | €755 | ▼ 99.1% |
| Operating profit (loss)9901 | €26k | €21k | €37k | €60k | €-28k | ▼ 147% |
| Financial income75/76B | €34 | €0 | €80 | €138 | €642 | ▲ 365% |
| Recurring financial income75 | €34 | €0 | €80 | €138 | €642 | ▲ 365% |
| Financial charges65/66B | €2k | €2k | €2k | €790 | €1k | ▲ 45.9% |
| Recurring financial charges65 | €2k | €2k | €2k | €790 | €1k | ▲ 45.9% |
| Profit (loss) for the period before taxes9903 | €24k | €19k | €35k | €59k | €-29k | ▼ 148% |
| Income taxes67/77 | €4k | €5k | €9k | €13k | €211 | ▼ 98.4% |
| Profit (loss) for the period9904 | €20k | €14k | €26k | €46k | €-29k | ▼ 163% |
| Profit (loss) for the period to be appropriated9905 | €20k | €14k | €26k | €46k | €-29k | ▼ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137k | €113k | €159k | €167k | €84k | ▼ 50.1% |
| Fixed assets21/28 | €98k | €78k | €56k | €62k | €52k | ▼ 16.0% |
| Tangible fixed assets22/27 | €98k | €78k | €56k | €62k | €52k | ▼ 16.0% |
| Plant, machinery and equipment23 | €8k | €8k | €5k | €3k | €1k | ▼ 57.7% |
| Furniture and vehicles24 | €65k | €49k | €32k | €16k | €0 | ▼ 100% |
| Other tangible fixed assets26 | €24k | €21k | €18k | €43k | €51k | ▲ 17.4% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Current assets29/58 | €39k | €35k | €104k | €105k | €31k | ▼ 70.3% |
| Amounts receivable within one year40/41 | €27k | €14k | €43k | €28k | €8k | ▼ 69.7% |
| Trade receivables40 | €27k | €13k | €38k | €28k | €8k | ▼ 69.7% |
| Other amounts receivable41 | €32 | €1k | €6k | €0 | - | - |
| Current investments50/53 | - | €3k | €10k | €10k | €10k | = |
| Cash at bank and in hand54/58 | €12k | €16k | €50k | €67k | €13k | ▼ 80.8% |
| Deferred charges and accrued income490/1 | €0 | €1k | €684 | €850 | €415 | ▼ 51.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137k | €113k | €159k | €167k | €84k | ▼ 50.1% |
| Equity10/15 | €43k | €57k | €39k | €85k | €57k | ▼ 33.7% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €30k | €45k | €21k | €67k | €38k | ▼ 43.1% |
| Distributable reserves133 | €30k | €45k | €21k | €67k | €38k | ▼ 43.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €94k | €56k | €120k | €82k | €27k | ▼ 67.2% |
| Amounts payable after more than one year17 | €47k | €30k | €15k | €34k | €10k | ▼ 70.6% |
| Financial debts170/4 | €47k | €30k | €15k | €0 | - | - |
| Other amounts payable178/9 | - | - | - | €34k | €10k | ▼ 70.6% |
| Amounts payable within one year42/48 | €47k | €26k | €105k | €48k | €17k | ▼ 64.7% |
| Current portion of amounts payable after more than one year42 | €24k | €16k | €15k | €15k | €0 | ▼ 100% |
| Trade debts44 | €3k | €1k | €9k | €2k | €6k | ▲ 190% |
| Suppliers440/4 | €3k | €1k | €9k | €2k | €6k | ▲ 190% |
| Taxes, remuneration and social security45 | €19k | €7k | €30k | €30k | €10k | ▼ 65.6% |
| Taxes450/3 | €16k | €7k | €30k | €30k | €10k | ▼ 65.6% |
| Remuneration and social security454/9 | €3k | €0 | - | - | - | - |
| Other amounts payable47/48 | €962 | €786 | €50k | €438 | €626 | ▲ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €14k | €26k | €46k | €-29k | ▼ 163% |
| + Depreciation and write-downs630 | €20k | €22k | €22k | €22k | €27k | ▲ 22.2% |
| Operating cash flow (approximation) | €40k | €37k | €48k | €68k | €-1k | ▼ 102% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-29k | €-17k | ▲ 39.7% |
| Change in cash | - | €4k | €34k | €17k | €-54k | ▼ 424% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €46k ▲76.7%
Operating result €60k, net result €46k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.19
Current ratio from 0.99 to 2.19; short-term debt falls from €105k to €48k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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.
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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, Hasselt · 1 establishment unit since 2019
Ground area
559 m²
Building footprint
156 m²
Volume, LiDAR
787 m³
Parcel 71323C0613/00H000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kavic
since 20192.284.459.866
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0613/00H000 | Flanders | 559 m² | 1 · 156 m² | 7.7 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,697 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
Founded29-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.