Equity
€225,506 ▲ 25.6%
STAL CAVARO has made a profit in every financial year since 2009.
STAL CAVARO
Lifetime
17 annual accounts with figures on one time axispeak €116,655 (2021)
€105,409▼ 3.6%
peak €46,028 (2025)
€46,028▲ 34.1%
peak €225,506 (2025)
€225,506▲ 25.6%
€238,299▲ 12.3%
peak 1.6 FTE (2021)
-not published
Board2 names since 2008
1 directorCAERS Jan Jozef
Documentsfilings and deeds
31-03-202630 days before the deadline
2025micro format
Result from €34,321 to €46,028Equity from €179,479 to €225,506Investments €103,437Cash from €21,416 to €29,784
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Investments
€104,445 2.4 × depreciation
Green is investment, beige is depreciation.
Staff
3 employees on 30-09-2025
In 2025, 6 people joined and 4 left.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 3 to 33 days before the end of the period.
Position in the sector
€225,506
More equity than 86% of companies in sports and recreation. Sector median €31,179 · 2,881 companies.
Checked score
96
Excellent
Financially stronger than 67% of micro companies in sports and recreation (NACE 93)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,269 companies (NACE 93, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.2%▲ +0.1 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025highest value
05-2025: 0.1%▼ -0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €463,805
Figures for financial year 2025 (filed on 02-04-2026)
Founded in 2008
Equity €225,506 (48.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 93, micro). It does better than 66% of them on solvency, 60% on liquidity, 70% on profitability and 74% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as STAL CAVARO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of STAL CAVARO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for STAL CAVARO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (1.24 in 2024), below the usual 1.5. Short-term debt is 14.7% and cash 6.4% of total assets. 51.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
26 days early
2023
33 days early
2022
3 days early
2021
31 days early
2020
29 days early
2019
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0897182296
Company renamed from MANEGE STAL CAVARO to STAL CAVARO
Changes of role: CAERS Jan Jozef (director) and CAERS Fabienne Anna Jozef (director) · “Exploitatie van horecagelegenheden, taverne, brasserie, café, feestzaal, terras; Exploitatie en verhuur van…” (deed in Dutch) · General meeting of 25-10-2022 · Gazette deed
First establishment
Manège Stal Cavaro, Olenseweg 306, Westerlo
Incorporation
published on 22-04-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STAL CAVARO Westerlo | €463,805 | €105,409 | 48.6% | - |
| DRESSUURSTAL TOM HEYLEN Duffel | €385,219 | €89,950 | 24.9% | - |
| De Chalet Grobbendonk | €512,877 | €138,556 | 49.1% | - |
| WITTE BEER INDOOR Bruges | €445,694 | €111,259 | 61.5% | - |
| BRENKA Peer | €362,734 | €101,718 | 7.6% | - |
| Régie Communale Autonome d'Aiseau-Presles Aiseau-Presles | €466,768 | €83,632 | -81.1% | - |
| LANDO-SPORT MERENDREE Deinze | €616,822 | €106,948 | 98.6% | - |
These companies have the same main activity as STAL CAVARO: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €363,000 and €617,000, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 09-04-2008Normal situation
- Activity
- Operation of sports facilitiesNACE 93110and 5 others
- Joint committee
- 144Agriculture · annual accounts 30-09-2025
- Establishment unit
- 2.172.092.4922260 Westerlo, since 11-04-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 22-10-2025
Annual accounts to 30-09-2025
- €463,805▲ 18.4%
- Employeeson 30-09-2025
- 3▲ 50.0%
- Filing
- Filed on 31-03-2026, 30 days before the end of the filing period
Insights on STAL CAVARO
STAL CAVARO files the micro format. That format states no turnover. The gross margin rose from €100,863 in 2009 to €105,409 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STAL CAVARO
- What is the company number of STAL CAVARO?
- The company number of STAL CAVARO is 0897.182.296. The VAT number is the same number with BE in front: BE 0897.182.296.
- Where is STAL CAVARO based?
- The registered office is at Olenseweg 306, 2260 Westerlo.Company details
- What does STAL CAVARO do?
- According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
- What is the legal form of STAL CAVARO?
- STAL CAVARO is a private limited company (BV).
- When was STAL CAVARO founded?
- STAL CAVARO was founded on 09-04-2008.
- Is STAL CAVARO still active?
- Yes, STAL CAVARO is an active enterprise in the KBO register.
- How many employees does STAL CAVARO have?
- STAL CAVARO had an average of 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STAL CAVARO fall under?
- In its 30-09-2025 annual accounts, STAL CAVARO states joint committee 144 (Agriculture).
- What is the turnover of STAL CAVARO?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €105,409 and 2,207 comparable companies of the same size. It probably lies between €180,000 and €410,000. It is a rough estimate.
- Is STAL CAVARO profitable?
- In financial year 2025, STAL CAVARO made a profit of €46,028.
- Where can I find the annual accounts of STAL CAVARO?
- STAL CAVARO filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STAL CAVARO due?
- STAL CAVARO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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