Summary
Kavik is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €80,220 and a net result of €24,026. Equity is growing by ~70.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 9872 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
42 d early
2022
34 d early
2021
26 d early
2020
33 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€80,220▲ 42.8%
2023 · €56,194
Net result
€24,026▲ 82.8%
2023 · €13,146
Total assets
€203,804▲ 7.2%
2023 · €190,199
Solvency
39.4%▲ 9.8pp
2023 · 29.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result€767▼ 76.5%€5,746▲ 649%€29,555▲ 414%€21,558▼ 27.1%€45,043▲ 109%
Net result-€1,357below the sector's middle half€2,705below the sector's middle half€22,646within the sector's middle half▲ 737%€13,146within the sector's middle half▼ 41.9%€24,026within the sector's middle half▲ 82.8%
Equity€5,296below the sector's middle half▼ 20.4%€8,002below the sector's middle half▲ 51.1%€30,648below the sector's middle half▲ 283%€56,194within the sector's middle half▲ 83.4%€80,220within the sector's middle half▲ 42.8%
Total assets€12,169below the sector's middle half▲ 0.1%€14,185below the sector's middle half▲ 16.6%€45,488below the sector's middle half▲ 221%€190,199within the sector's middle half▲ 318%€203,804within the sector's middle half▲ 7.2%
Debt€6,872▲ 25.0%€6,184▼ 10.0%€14,840▲ 140%€134,005▲ 803%€123,584▼ 7.8%
Working capital€4,786within the sector's middle half▼ 19.5%€756within the sector's middle half▼ 84.2%€25,900within the sector's middle half▲ 3,326%-€67,065below the sector's middle half-€53,330below the sector's middle half▲ 20.5%
Solvency43.5%within the sector's middle half▼ 11.2pp56.4%within the sector's middle half▲ 12.9pp67.4%within the sector's middle half▲ 11.0pp29.5%within the sector's middle half▼ 37.8pp39.4%within the sector's middle half▲ 9.8pp
Current ratio1.70within the sector's middle half▼ 0.381.12within the sector's middle half▼ 0.572.75within the sector's middle half▲ 1.620.28below the sector's middle half▼ 2.470.42below the sector's middle half▲ 0.14
Return on assets (ROA)-11.2%below the sector's middle half▼ 14.9pp19.1%within the sector's middle half▲ 30.2pp49.8%above the sector's middle half▲ 30.7pp6.9%within the sector's middle half▼ 42.9pp11.8%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
The operating result recovers in 2024; 2024 is 109% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €203,804
Fixed assets
€164,833 ▲ 0.4%
Current assets
€38,971 ▲ 49.3%
Equity and liabilities €203,804
Equity
€80,220 ▲ 42.8%
Debt
€123,584 ▼ 7.8%
Debt's share of the balance-sheet total falls from 70.5% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
29.9%▲
2023 · 23.4%
Debt ≤ 1 year
€92,301▼
2023 · €93,162
Debt > 1 year
€31,283▼
2023 · €40,843
Income taxes
€9,945▲
2023 · €5,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,970 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €197 | €3,071 | €5,657 | €1,535 | €1,765 | ▲ 15.0% |
| Other operating charges640/8 | - | €1,311 | €1,328 | €1,519 | €1,074 | ▼ 29.3% |
| Gross operating margin9900 | €2,967 | €10,128 | €36,540 | €24,612 | €47,882 | ▲ 94.5% |
| Operating profit (loss)9901 | €767 | €5,746 | €29,555 | €21,558 | €45,043 | ▲ 109% |
| Financial income75/76B | - | €119 | €951 | - | - | - |
| Recurring financial income75 | €286 | €119 | €951 | - | - | - |
| Financial charges65/66B | - | €127 | €165 | €2,913 | €11,073 | ▲ 280% |
| Recurring financial charges65 | €421 | €127 | €165 | €2,913 | €11,073 | ▲ 280% |
| Profit (loss) for the period before taxes9903 | €632 | €5,738 | €30,341 | €18,644 | €33,971 | ▲ 82.2% |
| Income taxes67/77 | €1,989 | €3,033 | €7,695 | €5,498 | €9,945 | ▲ 80.9% |
| Profit (loss) for the period9904 | -€1,357 | €2,705 | €22,646 | €13,146 | €24,026 | ▲ 82.8% |
| Profit (loss) for the period to be appropriated9905 | -€1,357 | €2,705 | €22,646 | €13,146 | €24,026 | ▲ 82.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,169 | €14,185 | €45,488 | €190,199 | €203,804 | ▲ 7.2% |
| Formation expenses20 | €510 | €313 | €116 | - | - | - |
| Fixed assets21/28 | - | €6,933 | €4,632 | €164,102 | €164,833 | ▲ 0.4% |
| Tangible fixed assets22/27 | - | €6,933 | €4,632 | €4,102 | €4,833 | ▲ 17.8% |
| Land and buildings22 | - | - | - | - | €2,368 | - |
| Plant, machinery and equipment23 | - | - | - | €2,552 | €1,969 | ▼ 22.9% |
| Furniture and vehicles24 | - | €6,933 | €4,632 | €1,549 | €496 | ▼ 68.0% |
| Financial fixed assets28 | - | - | - | €160,000 | €160,000 | = |
| Current assets29/58 | €11,659 | €6,940 | €40,740 | €26,097 | €38,971 | ▲ 49.3% |
| Amounts receivable within one year40/41 | €10,037 | €4,000 | €36,061 | €10,309 | - | - |
| Trade receivables40 | - | - | €9,680 | €10,309 | - | - |
| Other amounts receivable41 | - | €4,000 | €26,381 | - | - | - |
| Cash at bank and in hand54/58 | €1,622 | €455 | €1,505 | €14,891 | €38,269 | ▲ 157% |
| Deferred charges and accrued income490/1 | - | €2,484 | €3,174 | €897 | €702 | ▼ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,169 | €14,185 | €45,488 | €190,199 | €203,804 | ▲ 7.2% |
| Equity10/15 | €5,296 | €8,002 | €30,648 | €56,194 | €80,220 | ▲ 42.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €25 | €25 | €25 | €25 | €25 | = |
| Non-distributable reserves130/1 | - | €25 | €25 | €25 | - | - |
| Reserves not available under the articles1311 | - | €25 | €25 | €25 | - | - |
| Distributable reserves133 | - | - | - | - | €25 | - |
| Profit (loss) carried forward14 | -€929 | €1,777 | €24,423 | €37,569 | €61,595 | ▲ 64.0% |
| Amounts payable17/49 | €6,872 | €6,184 | €14,840 | €134,005 | €123,584 | ▼ 7.8% |
| Amounts payable after more than one year17 | - | - | - | €40,843 | €31,283 | ▼ 23.4% |
| Financial debts170/4 | - | - | - | €40,843 | €31,283 | ▼ 23.4% |
| Amounts payable within one year42/48 | €6,872 | €6,184 | €14,840 | €93,162 | €92,301 | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,157 | €9,560 | ▲ 4.4% |
| Trade debts44 | €1,515 | €446 | €5,594 | €11,947 | €3,058 | ▼ 74.4% |
| Suppliers440/4 | - | €446 | €5,594 | €11,947 | €3,058 | ▼ 74.4% |
| Taxes, remuneration and social security45 | - | €5,738 | €9,247 | €3,109 | €6,658 | ▲ 114% |
| Taxes450/3 | - | €5,738 | €9,247 | €3,109 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €6,658 | - |
| Other amounts payable47/48 | - | - | - | €68,949 | €73,025 | ▲ 5.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,357 | €2,705 | €22,646 | €13,146 | €24,026 | ▲ 82.8% |
| + Depreciation and write-downs630 | €197 | €3,071 | €5,657 | €1,535 | €1,765 | ▲ 15.0% |
| Operating cash flow (approximation) | -€1,160 | €5,776 | €28,303 | €14,682 | €25,791 | ▲ 75.7% |
| Investment in fixed assets (approximation) | - | - | -€3,356 | -€161,005 | -€2,496 | ▲ 98.4% |
| Change in cash | - | -€1,167 | €1,050 | €13,385 | €23,378 | ▲ 74.7% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €24,026 ▲82.8%
Operating result €45,043, net result €24,026, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.12 to 2.75.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,705
Net result €2,705 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€1,357
Net result drops to -€1,357, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Dessel · 1 establishment unit since 2018
Ground area
4,373 m²
Building footprint
125 m²
Volume, LiDAR
663 m³
Parcel 13006A0563/00E000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kavik
since 20182.278.825.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006A0563/00E000 | Flanders | 4,373 m² | 1 · 125 m² | 8.0 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the 2024 annual accounts of Kavik and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 11,771 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
Founded03-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700670392
Registered
05-02-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.