CARA
ActiveSummary
CARA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €899,370. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 4.32 against 7.44 in 2024; short-term debt: 16.3% and cash: 24.6% of total assets), and 16.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
18.2%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
47 d early
2023
35 d early
2022
41 d early
2021
38 d early
2020
129 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€899,370▲ 0.5%
2024 · €894,838
Working capital
€2.7m▲ 4.1%
2024 · €2.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20212022202320242025
Operating result€667,203▲ 85.5%€927,392▲ 39.0%€996,219▲ 7.4%€1.4m▲ 36.4%€1.3m▼ 5.7%
Net result€448,265above the sector's middle half▲ 80.4%€634,619above the sector's middle half▲ 41.6%€685,592above the sector's middle half▲ 8.0%€894,838above the sector's middle half▲ 30.5%€899,370within the sector's middle half▲ 0.5%
Equity€2.1mabove the sector's middle half▲ 13.5%€2.6mabove the sector's middle half▲ 22.8%€3.0mabove the sector's middle half▲ 19.5%€3.7mabove the sector's middle half▲ 20.3%€4.1mwithin the sector's middle half▲ 12.7%
Total assets€2.3mabove the sector's middle half▲ 13.1%€3.2mabove the sector's middle half▲ 38.8%€3.5mabove the sector's middle half▲ 8.9%€4.1mabove the sector's middle half▲ 17.7%€4.9mwithin the sector's middle half▲ 21.4%
Debt€209,415▲ 11.4%€621,853▲ 197%€408,003▼ 34.4%€398,652▼ 2.3%€806,308▲ 102%
Working capital€1.8m▲ 21.1%€1.5m▼ 16.0%€1.9m▲ 23.6%€2.6m▲ 35.4%€2.7m▲ 4.1%
Solvency90.8%above the sector's middle half▲ 0.3pp80.4%above the sector's middle half▼ 10.4pp88.2%above the sector's middle half▲ 7.8pp90.2%above the sector's middle half▲ 2.0pp83.7%above the sector's middle half▼ 6.5pp
Staff (FTE)2.7below the sector's middle half=2.7below the sector's middle half=2.7below the sector's middle half=2.3below the sector's middle half▼ 14.8%2.7below the sector's middle half▲ 17.4%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.9m
Fixed assets
€1.5m ▲ 32.5%
Current assets
€3.5m ▲ 17.3%
Equity and liabilities €4.9m
Equity
€4.1m ▲ 12.7%
Debt
€806,308 ▲ 102%
Debt's share of the balance-sheet total rises from 9.8% to 16.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▼
2024 · €1.4m
Cash flow
€966,836▲
2024 · €928,053
Current ratio
4.32▼
2024 · 7.44
Quick ratio
3.86▼
2024 · 6.83
Debt to equity
0.20▲
2024 · 0.11
ROE
21.8%▼
2024 · 24.4%
ROA
18.2%▼
2024 · 22.0%
Interest coverage
274.58▲
2024 · 16.47
Debt ≤ 1 year
€806,308▲
2024 · €398,652
Income taxes
€403,439▼
2024 · €435,273
Staff costs
€150,413▲
2024 · €134,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €15,372 | €11,488 | €61,235 | - | - |
| Remuneration, social security and pensions62 | €110,240 | €133,043 | €144,381 | €134,542 | €150,413 | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,871 | €71,539 | €23,262 | €33,215 | €67,466 | ▲ 103% |
| Other operating charges640/8 | €13,301 | €14,163 | €29,262 | €17,993 | €21,735 | ▲ 20.8% |
| Gross operating margin9900 | €837,614 | €1.1m | €1.2m | €1.5m | €1.5m | ▼ 1.5% |
| Operating profit (loss)9901 | €667,203 | €927,392 | €996,219 | €1.4m | €1.3m | ▼ 5.7% |
| Financial income75/76B | €8,475 | €10,993 | €33,416 | €55,849 | €26,584 | ▼ 52.4% |
| Recurring financial income75 | €8,475 | €10,993 | €33,416 | €55,849 | €26,584 | ▼ 52.4% |
| Financial charges65/66B | €3,437 | €27,922 | €15,116 | €84,512 | €4,912 | ▼ 94.2% |
| Recurring financial charges65 | €3,437 | €27,922 | €15,116 | €84,512 | €4,912 | ▼ 94.2% |
| Profit (loss) for the period before taxes9903 | €672,241 | €910,464 | €1.0m | €1.3m | €1.3m | ▼ 2.1% |
| Transfer from deferred taxes780 | €3,409 | - | - | - | - | - |
| Income taxes67/77 | €227,385 | €275,844 | €328,926 | €435,273 | €403,439 | ▼ 7.3% |
| Profit (loss) for the period9904 | €448,265 | €634,619 | €685,592 | €894,838 | €899,370 | ▲ 0.5% |
| Transfer from tax-exempt reserves789 | €56,511 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €504,776 | €634,619 | €685,592 | €894,838 | €899,370 | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.2m | €3.5m | €4.1m | €4.9m | ▲ 21.4% |
| Fixed assets21/28 | €250,508 | €1.0m | €1.2m | €1.1m | €1.5m | ▲ 32.5% |
| Tangible fixed assets22/27 | €250,508 | €1.0m | €1.2m | €1.1m | €1.5m | ▲ 32.5% |
| Land and buildings22 | €223,326 | €1.0m | €1.0m | €985,627 | €965,803 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | - | €144,161 | €22,978 | €419,572 | ▲ 1,726% |
| Furniture and vehicles24 | €23,974 | - | €1,831 | €91,587 | €72,788 | ▼ 20.5% |
| Leasing and similar rights25 | €3,207 | €281 | - | - | - | - |
| Financial fixed assets28 | - | €750 | - | - | - | - |
| Current assets29/58 | €2.0m | €2.2m | €2.3m | €3.0m | €3.5m | ▲ 17.3% |
| Stocks and contracts in progress3 | €125,917 | €234,888 | €162,514 | €241,397 | €367,530 | ▲ 52.3% |
| Stocks30/36 | €125,917 | €234,888 | €162,514 | €241,397 | €367,530 | ▲ 52.3% |
| Amounts receivable within one year40/41 | €444,890 | €458,954 | €402,676 | €613,119 | €635,289 | ▲ 3.6% |
| Trade receivables40 | €380,068 | €412,426 | €355,786 | €601,775 | €615,037 | ▲ 2.2% |
| Other amounts receivable41 | €64,822 | €46,528 | €46,890 | €11,344 | €20,252 | ▲ 78.5% |
| Current investments50/53 | €993,126 | €997,365 | €1.0m | €1.1m | €1.2m | ▲ 15.6% |
| Cash at bank and in hand54/58 | €417,086 | €411,605 | €678,319 | €1.0m | €1.2m | ▲ 21.1% |
| Deferred charges and accrued income490/1 | €54,542 | €53,288 | €43,260 | €32,910 | €20,093 | ▼ 38.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.2m | €3.5m | €4.1m | €4.9m | ▲ 21.4% |
| Equity10/15 | €2.1m | €2.6m | €3.0m | €3.7m | €4.1m | ▲ 12.7% |
| Contributions10/11 | €86,875 | €86,875 | €86,875 | €86,875 | €86,875 | = |
| Capital10 | €86,875 | €86,875 | €86,875 | €86,875 | €86,875 | = |
| Issued capital100 | €86,875 | €86,875 | €86,875 | €86,875 | €86,875 | = |
| Reserves13 | €1.8m | €2.3m | €2.8m | €3.4m | €3.9m | ▲ 13.6% |
| Non-distributable reserves130/1 | €8,688 | €8,688 | €8,688 | €8,688 | €8,688 | = |
| Legal reserve130 | €8,688 | €8,688 | €8,688 | €8,688 | €8,688 | = |
| Distributable reserves133 | €1.8m | €2.3m | €2.8m | €3.4m | €3.9m | ▲ 13.6% |
| Profit (loss) carried forward14 | €157,697 | €157,697 | €157,697 | €157,697 | €157,697 | = |
| Amounts payable17/49 | €209,415 | €621,853 | €408,003 | €398,652 | €806,308 | ▲ 102% |
| Amounts payable within one year42/48 | €209,415 | €621,853 | €408,003 | €398,652 | €806,308 | ▲ 102% |
| Trade debts44 | €174,725 | €394,266 | €134,860 | €87,696 | €340,419 | ▲ 288% |
| Suppliers440/4 | €174,725 | €394,266 | €134,860 | €87,696 | €340,419 | ▲ 288% |
| Taxes, remuneration and social security45 | €34,690 | €66,637 | €84,641 | €35,391 | €30,882 | ▼ 12.7% |
| Taxes450/3 | €26,732 | €56,874 | €74,212 | €25,643 | €19,991 | ▼ 22.0% |
| Remuneration and social security454/9 | €7,958 | €9,763 | €10,429 | €9,748 | €10,891 | ▲ 11.7% |
| Other amounts payable47/48 | - | €160,949 | €188,501 | €275,565 | €435,006 | ▲ 57.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €448,265 | €634,619 | €685,592 | €894,838 | €899,370 | ▲ 0.5% |
| + Depreciation and write-downs630 | €46,871 | €71,539 | €23,262 | €33,215 | €67,466 | ▲ 103% |
| Operating cash flow (approximation) | €495,135 | €706,159 | €708,854 | €928,053 | €966,836 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | -€837,108 | -€158,629 | €18,037 | -€425,438 | ▼ 2,459% |
| Change in cash | - | -€5,481 | €266,714 | €323,807 | €211,017 | ▼ 34.8% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €899,370 ▲0.5%
Net result €899,370, the highest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2mEq €2.1m ▲13.5%
4 profitable years in a row build equity to €2.1m.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Hoogstraten · 2 establishment units since 1988
Ground area
6,901 m²
Building footprint
3,608 m²
Volume, LiDAR
23,859 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
CARA
since 19882.039.709.565
Kraaienlei 12, 2900 Schoten
since 20132.218.911.919
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014F0019/00C002 | Flanders | 5,977 m² | 1 · 3,372 m² | 8.2 m · 2 fl. |
| 11040D0426/00K000 | Flanders | 924 m² | 1 · 236 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 7,430 EUR awarded · 7,430 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 4,500 EUR |
| 2024 | 1 | 930 EUR | 930 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHoogstraten2.039.709.565
Legal Entity Identifier
6994000LSHMSP51R1N31
Similar companies · same sector, comparable size
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BE 0425.005.005
Hoogstraten · Eq €4,104,365
CHOCOLATERIE DE NAEYER
BE 0471.388.029
Evergem · Eq €4,418,498
VERBAU
BE 0824.710.133
Leuze-en-Hainaut · Eq €4,455,953
CONFISERIE 2000
BE 0449.093.667
Evergem · Eq €3,788,597
Of 728 companies in sector 10820 we hold annual accounts for 354. 137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
71111Activities of building architects
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434914049
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.