C.AR
ActiveSummary
The computed 12-month bankruptcy probability of C.AR is 3.5% (moderate). The 2024 annual accounts show equity of €43,365 and a net result of €13,126. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 6720 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+38
Solvency47▼-9
Growth52=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.86 in 2023; short-term debt: 52.4% and cash: 4.7% of total assets), and 78% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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 2024Solvency, return and age of the figures
Solvency
22%
Return on assets
6.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
120 d late
2022
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 70 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€43,365▲ 43.4%
2023 · €30,239
Total assets
€196,942▲ 101%
2023 · €97,840
Net result
€13,126▲ 1,677%
2023 · €739
Working capital
-€42,824▼ 610%
2023 · -€6,035
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line202220232024
Operating result€21,927-€1,953▼ 91.1%€23,660▲ 1,111%
Net result€17,501within the sector's middle half-€739within the sector's middle half▼ 95.8%€13,126within the sector's middle half▲ 1,677%
Equity€29,501within the sector's middle half-€30,239within the sector's middle half▲ 2.5%€43,365within the sector's middle half▲ 43.4%
Total assets€53,793within the sector's middle half-€97,840within the sector's middle half▲ 81.9%€196,942within the sector's middle half▲ 101%
Debt€24,293-€67,601▲ 178%€153,577▲ 127%
Working capital€11,582within the sector's middle half--€6,035within the sector's middle half-€42,824below the sector's middle half▼ 610%
Solvency54.8%within the sector's middle half-30.9%within the sector's middle half▼ 23.9pp22.0%within the sector's middle half▼ 8.9pp
Current ratio1.48within the sector's middle half-0.86within the sector's middle half▼ 0.620.59below the sector's middle half▼ 0.27
Return on assets (ROA)32.5%above the sector's middle half-0.8%within the sector's middle half▼ 31.8pp6.7%within the sector's middle half▲ 5.9pp
Staff (FTE)0.80.8=
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 1,111% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €196,942
Fixed assets
€136,514 ▲ 122%
Current assets
€60,428 ▲ 66.3%
Equity and liabilities €196,942
Equity
€43,365 ▲ 43.4%
Debt
€153,577 ▲ 127%
Debt's share of the balance-sheet total rises from 69.1% to 78.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,111
Cash flow
€33,577
Debt to equity
3.54▲
2023 · 2.24
ROE
30.3%▲
2023 · 2.4%
Interest coverage
7.51
Debt ≤ 1 year
€103,252▲
2023 · €42,375
Debt > 1 year
€50,325▲
2023 · €25,226
Income taxes
€3,431▲
2023 · €666
Staff costs
€28,358▲
2023 · €24,071
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €60,804 | €118,713 | €185,509 | ▲ 56.3% |
| Remuneration, social security and pensions62 | €1,066 | €24,071 | €28,358 | ▲ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,781 | - | €20,451 | - |
| Other operating charges640/8 | €277 | €205 | €1,170 | ▲ 471% |
| Non-recurring operating charges66A | - | €5,419 | - | - |
| Gross operating margin9900 | €27,052 | €31,648 | €73,639 | ▲ 133% |
| Operating profit (loss)9901 | €21,927 | €1,953 | €23,660 | ▲ 1,111% |
| Financial income75/76B | €560 | €3,676 | €3,952 | ▲ 7.5% |
| Recurring financial income75 | €560 | €3,676 | €3,952 | ▲ 7.5% |
| Financial charges65/66B | €444 | €4,225 | €11,056 | ▲ 162% |
| Recurring financial charges65 | €444 | €4,225 | €5,870 | ▲ 38.9% |
| Non-recurring financial charges66B | - | - | €5,185 | - |
| Profit (loss) for the period before taxes9903 | €22,043 | €1,404 | €16,557 | ▲ 1,079% |
| Income taxes67/77 | €4,542 | €666 | €3,431 | ▲ 415% |
| Profit (loss) for the period9904 | €17,501 | €739 | €13,126 | ▲ 1,677% |
| Profit (loss) for the period to be appropriated9905 | €17,501 | €739 | €13,126 | ▲ 1,677% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53,793 | €97,840 | €196,942 | ▲ 101% |
| Fixed assets21/28 | €17,919 | €61,500 | €136,514 | ▲ 122% |
| Tangible fixed assets22/27 | €17,919 | €61,500 | €136,514 | ▲ 122% |
| Furniture and vehicles24 | €17,919 | €9,000 | €94,424 | ▲ 949% |
| Leasing and similar rights25 | - | €52,500 | €42,090 | ▼ 19.8% |
| Current assets29/58 | €35,875 | €36,340 | €60,428 | ▲ 66.3% |
| Amounts receivable within one year40/41 | €17,685 | €30,175 | €51,103 | ▲ 69.4% |
| Trade receivables40 | €13,685 | €24,536 | €35,648 | ▲ 45.3% |
| Other amounts receivable41 | €4,000 | €5,639 | €15,455 | ▲ 174% |
| Cash at bank and in hand54/58 | €18,189 | €6,166 | €9,325 | ▲ 51.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53,793 | €97,840 | €196,942 | ▲ 101% |
| Equity10/15 | €29,501 | €30,239 | €43,365 | ▲ 43.4% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | = |
| Profit (loss) carried forward14 | €17,501 | €18,239 | €31,365 | ▲ 72.0% |
| Amounts payable17/49 | €24,293 | €67,601 | €153,577 | ▲ 127% |
| Amounts payable after more than one year17 | - | €25,226 | €50,325 | ▲ 99.5% |
| Financial debts170/4 | - | €25,226 | €50,325 | ▲ 99.5% |
| Amounts payable within one year42/48 | €24,293 | €42,375 | €103,252 | ▲ 144% |
| Current portion of amounts payable after more than one year42 | - | €9,553 | €24,234 | ▲ 154% |
| Trade debts44 | €1,582 | €8,184 | €59,305 | ▲ 625% |
| Suppliers440/4 | €1,582 | €8,184 | €59,305 | ▲ 625% |
| Taxes, remuneration and social security45 | €10,296 | €12,312 | €8,406 | ▼ 31.7% |
| Taxes450/3 | €10,296 | €5,208 | €3,431 | ▼ 34.1% |
| Remuneration and social security454/9 | - | €7,104 | €4,975 | ▼ 30.0% |
| Other amounts payable47/48 | €12,415 | €12,327 | €11,308 | ▼ 8.3% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,501 | €739 | €13,126 | ▲ 1,677% |
| + Depreciation and write-downs630 | €3,781 | - | €20,451 | - |
| Operating cash flow (approximation) | €21,282 | €739 | €33,577 | ▲ 4,446% |
| Investment in fixed assets (approximation) | - | -€43,581 | -€95,465 | ▼ 119% |
| Change in cash | - | -€12,024 | €3,159 | ▲ 126% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-12
Financial
Weakest financial yearnet €739 ▼95.8%
Net result drops to €739, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Ground area
146 m²
Building footprint
67 m²
Volume, LiDAR
522 m³
Parcel 11019B0242/00G000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
C.AR
since 20222.326.921.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0242/00G000 | Flanders | 146 m² | 1 · 67 m² | 8.8 m · 3 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 12,584 companies in sector 49410 we hold annual accounts for 8,204. 5,897 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
Founded19-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52210Service activities incidental to land transportation
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0780650159
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.