Losses
-€50,022 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
CARA PROJECTS
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €279,587 (2012)
€94,493▲ 38.3%
lowest -€52,303 (2008)
-€14,040▲ €21,941
peak €830,765 (2021)
€776,152▼ 1.8%
€4.0m▲ 24.0%
Board2 names since 2021
1 directorDERA PROJECTS
Owners2 names in the annual accounts
100%DERA PROJECTS
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from €68,321 to €94,493Loss of €14,040Debts from €3.2m to €4.0mCash from €7,972 to €24,737
Key points
from the 2025 annual accountsChecked score
83
Excellent
Financially stronger than 18% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.7 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.92, cash €24,737
Last filed accounts filed 76 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €4.8m
Figures for financial year 2025 (filed on 15-10-2026)
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 71, small). It does better than 23% of them on solvency, 4% on liquidity, 16% on profitability and 29% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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, 2,507 companies had the same profile as CARA PROJECTS has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CARA PROJECTS itself is lower: 0.2% within 12 months. It rests on far more data about CARA PROJECTS than the profile alone.
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 2,507 companies, not a prediction for CARA PROJECTS. 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 €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.92 (0.9 in 2024), below 1. Short-term debt is 83.5% and cash 0.5% of total assets. 83.7% 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
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€14,040
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
76 days late
2024
29 days late
2023
28 days late
2022
122 days late
2021
33 days early
2020
4 days early
2019
70 days late
← 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 41 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 62 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DERA PROJECTS 100%score 84equity €2.7m (2025) · 30-09-2025 annual accounts of DERA PROJECTS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866376383
Change of role: DERA PROJECTS, from manager to director
Permanent representative: RAMON Jurgen · General meeting of 23-10-2024 · Gazette deed
1 director resigning
S-Works · Permanent representatives: Kris Callewaert and Jurgen Ramon · Gazette deed
First establishment
Groenstraat 28, Izegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CARA PROJECTS Izegem | €4.8m | €94,493 | 16.3% | - |
| SARDO ALDO IMMO SERVICES Morlanwelz | €4.8m | €125,432 | 83.8% | - |
| FBConstruct Halle | €3.5m | €98,890 | 30.3% | 0 |
| APPEL ARCHITECTEN Alken | €3.2m | €70,546 | 86.6% | - |
| ARTBUILD ARCHITECTS Sint-Gillis (bij-Brussel) | €6.1m | €47,604 | 7.0% | 6 |
| CAD Architecten en Planners Ghent | €7.2m | €159,723 | 82.2% | - |
| PHA CREATIONS Woluwe-Saint-Pierre | €3.1m | €51,531 | 99.8% | - |
These companies have the same main activity as CARA PROJECTS: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €3.1m and €7.2m, founded between 2000 and 2011.
Official details
Source: KBO- Status
- Active since 15-07-2004Normal situation
- Activity
- Activities of building architectsNACE 71111and 5 others
- Establishment unit
- 2.180.122.7088870 Izegem, since 21-08-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Insights on CARA PROJECTS
CARA PROJECTS files the micro format. That format states no turnover. The gross margin rose from -€8,634 in 2006 to €94,493 in 2025.
DERA PROJECTS holds all the shares.
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 CARA PROJECTS
- What is the company number of CARA PROJECTS?
- The company number of CARA PROJECTS is 0866.376.383. The VAT number is the same number with BE in front: BE 0866.376.383.
- Where is CARA PROJECTS based?
- The registered office is at Groenstraat 28, 8870 Izegem.Company details
- What does CARA PROJECTS do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of CARA PROJECTS?
- CARA PROJECTS is a private limited company (BV).
- When was CARA PROJECTS founded?
- CARA PROJECTS was founded on 15-07-2004.
- Is CARA PROJECTS still active?
- Yes, CARA PROJECTS is an active enterprise in the KBO register.
- What is the turnover of CARA PROJECTS?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €94,493 and 30 comparable companies (NACE 71111). It probably lies between €180,000 and €400,000.Financials
- Is CARA PROJECTS profitable?
- In financial year 2025, CARA PROJECTS made a loss of €14,040.
- Where can I find the annual accounts of CARA PROJECTS?
- CARA PROJECTS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CARA PROJECTS due?
- CARA PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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