CARA
ActiveSummary
CARA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €93k and a net result of €24k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+17
Solvency44▲+5
Growth58▲+36
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.37 in 2023; short-term debt: 14.1% and cash: 3% of total assets), and 81.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
18.6%
Return on assets
4.8%
Age of the figures
21 mo
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 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
1 d early
2022
14 d early
2021
12 d early
2020
39 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€132k▲ 953%
2022 · €13k
2018: €72k
2020: €8klowest value
2021: €17k▲ +122% vs 2020
2022: €13k▼ -24.9% vs 2021
2024: €132khighest value
2018 → 2024
EBIT margin
36.2%▲ 344.3pp
2022 · -308.1%
2018: 129.5%
2020: 234.6%highest value
2021: 97.7%▼ -58.4% vs 2020
2022: -308.1%▼ -415% vs 2021lowest value
2024: 36.2%
2018 → 2024
Net result
€24k▼ 2.1%
2023 · €24k
2018: €80khighest in 7 years
2019: €10k▼ -87.3% vs 2018
2020: €5k▼ -52.8% vs 2019
2021: €6k▲ +29.7% vs 2020
2022: €-48k▼ -876% vs 2021lowest in 7 years
2023: €24k▲ +150% vs 2022
2024: €24k▼ -2.1% vs 2023
2018 → 2024
Working capital
€-25k▲ 36.2%
2023 · €-39k
2018: €27k
2019: €33k▲ +24.0% vs 2018
2020: €15k▼ -53.5% vs 2019
2021: €50k▲ +225% vs 2020highest in 7 years
2022: €-48k▼ -197% vs 2021lowest in 7 years
2023: €-39k▲ +18.7% vs 2022
2024: €-25k▲ +36.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8k-€17k▲ 122%€13k▼ 24.9%€132k
2020: €8klowest value
2021: €17k▲ +122% vs 2020
2022: €13k▼ -24.9% vs 2021
2024: €132khighest value
Equity€86k-€93k▲ 7.2%€44k▼ 52.0%€69k▲ 54.6%€93k▲ 34.6%
2020: €86k
2021: €93k▲ +7.2% vs 2020highest in 5 years
2022: €44k▼ -52.0% vs 2021lowest in 5 years
2023: €69k▲ +54.6% vs 2022
2024: €93k▲ +34.6% vs 2023
Operating result€18k-€16k▼ 7.4%€-39k€43k€48k▲ 12.0%
2020: €18k
2021: €16k▼ -7.4% vs 2020
2022: €-39k▼ -337% vs 2021lowest in 5 years
2023: €43k▲ +210% vs 2022
2024: €48k▲ +12.0% vs 2023highest in 5 years
Net result€5k-€6k▲ 29.7%€-48k€24k€24k▼ 2.1%
2020: €5k
2021: €6k▲ +29.7% vs 2020
2022: €-48k▼ -876% vs 2021lowest in 5 years
2023: €24k▲ +150% vs 2022highest in 5 years
2024: €24k▼ -2.1% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €497k
Fixed assets
€452k ▼ 2.1%
Current assets
€45k ▲ 93.5%
Equity and liabilities €497k
Equity
€93k ▲ 34.6%
Debt
€404k ▼ 2.8%
Debt's share of the balance-sheet total falls from 85.8% to 81.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▲
2023 · €61k
Cash flow
€43k▲
2023 · €42k
Current ratio
0.64▲
2023 · 0.37
Debt to equity
4.37▼
2023 · 6.04
ROE
25.7%▼
2023 · 35.3%
ROA
4.8%▼
2023 · 5.0%
Interest coverage
2.78▲
2023 · 2.77
Debt ≤ 1 year
€70k▲
2023 · €63k
Debt > 1 year
€334k▼
2023 · €353k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€485k€497k▲
Fixed assets21/28€461k€452k▼
Tangible fixed assets22/27€423k€413k▼
Land and buildings22€405k€390k▼
Plant, machinery and equipment23€12k€15k▲
Furniture and vehicles24€6k€9k▲
Financial fixed assets28€38k€38k=
Current assets29/58€23k€45k▲
Amounts receivable within one year40/41-€17k
Trade receivables40-€16k
Other amounts receivable41-€775
Cash at bank and in hand54/58€10k€15k▲
Deferred charges and accrued income490/1€13k€13k=
Equity and liabilities
Total equity and liabilities10/49€485k€497k▲
Equity10/15€69k€93k▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€2k€4k▲
Non-distributable reserves130/1€2k€4k▲
Legal reserve130€2k€4k▲
Profit (loss) carried forward14€-8k€14k▲
Amounts payable17/49€416k€404k▼
Amounts payable after more than one year17€353k€334k▼
Financial debts170/4€353k€334k▼
Amounts payable within one year42/48€63k€70k▲
Current portion of amounts payable after more than one year42€37k€19k▼
Financial debts43-€16k
Other loans439-€16k
Trade debts44€3k€14k▲
Suppliers440/4€3k€14k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€16k€13k▼
Income statement
Code20232024
Turnover70-€132k
Non-recurring operating income76A€5k-
Goods, raw materials, services and sundry goods60/61-€63k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€63k€69k▲
Operating profit (loss)9901€43k€48k▲
Financial income75/76B€4k€90▼
Recurring financial income75€4k€90▼
Financial charges65/66B€22k€24k▲
Recurring financial charges65€22k€24k▲
Profit (loss) for the period before taxes9903€24k€24k▼
Profit (loss) for the period9904€24k€24k▼
Profit (loss) for the period to be appropriated9905€24k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€15k▲
Profit (loss) brought forward from the previous period14P€-33k€-8k▲
Transfer to equity691/2-€2k
To the legal reserve6920-€2k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €8k | €17k | €13k | - | €132k | - |
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €13k | €14k | - | €63k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €12k | €17k | €18k | €19k | ▲ 6.6% |
| Other operating charges640/8 | - | €459 | €2k | €3k | €2k | ▼ 20.9% |
| Non-recurring operating charges66A | - | - | €52k | - | - | - |
| Gross operating margin9900 | €30k | €29k | €33k | €63k | €69k | ▲ 9.1% |
| Operating profit (loss)9901 | €18k | €16k | €-39k | €43k | €48k | ▲ 12.0% |
| Financial income75/76B | - | €0 | - | €4k | €90 | ▼ 97.4% |
| Recurring financial income75 | - | €0 | - | €4k | €90 | ▼ 97.4% |
| Non-recurring financial income76B | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €10k | €9k | €22k | €24k | ▲ 10.0% |
| Recurring financial charges65 | €13k | €10k | €9k | €22k | €24k | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €5k | €6k | €-48k | €24k | €24k | ▼ 2.1% |
| Income taxes67/77 | - | €-192 | - | - | - | - |
| Profit (loss) for the period9904 | €5k | €6k | €-48k | €24k | €24k | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €5k | €6k | €-48k | €24k | €24k | ▼ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €319k | €493k | €475k | €485k | €497k | ▲ 2.5% |
| Fixed assets21/28 | €278k | €419k | €472k | €461k | €452k | ▼ 2.1% |
| Tangible fixed assets22/27 | €239k | €380k | €434k | €423k | €413k | ▼ 2.3% |
| Land and buildings22 | - | €375k | €416k | €405k | €390k | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €4k | €11k | €12k | €15k | ▲ 26.8% |
| Furniture and vehicles24 | - | €2k | €6k | €6k | €9k | ▲ 56.2% |
| Financial fixed assets28 | €38k | €38k | €38k | €38k | €38k | = |
| Current assets29/58 | €41k | €75k | €3k | €23k | €45k | ▲ 93.5% |
| Amounts receivable within one year40/41 | €40k | €19k | €2k | - | €17k | - |
| Trade receivables40 | - | €17k | €1k | - | €16k | - |
| Other amounts receivable41 | - | €1k | €875 | - | €775 | - |
| Cash at bank and in hand54/58 | €2k | €56k | €1k | €10k | €15k | ▲ 48.2% |
| Deferred charges and accrued income490/1 | - | - | - | €13k | €13k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €319k | €493k | €475k | €485k | €497k | ▲ 2.5% |
| Equity10/15 | €86k | €93k | €44k | €69k | €93k | ▲ 34.6% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | - | €75k | €75k | €75k | €75k | = |
| Issued capital100 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €1k | €2k | €2k | €2k | €4k | ▲ 76.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €4k | ▲ 76.1% |
| Legal reserve130 | - | €2k | €2k | €2k | €4k | ▲ 76.1% |
| Profit (loss) carried forward14 | €10k | €15k | €-33k | €-8k | €14k | ▲ 266% |
| Amounts payable17/49 | €233k | €400k | €431k | €416k | €404k | ▼ 2.8% |
| Amounts payable after more than one year17 | €207k | €348k | €379k | €353k | €334k | ▼ 5.4% |
| Financial debts170/4 | - | €348k | €379k | €353k | €334k | ▼ 5.4% |
| Amounts payable within one year42/48 | €26k | €24k | €52k | €63k | €70k | ▲ 12.0% |
| Current portion of amounts payable after more than one year42 | - | €16k | €29k | €37k | €19k | ▼ 49.1% |
| Financial debts43 | - | - | - | - | €16k | - |
| Other loans439 | - | - | - | - | €16k | - |
| Trade debts44 | €2k | €5k | €19k | €3k | €14k | ▲ 353% |
| Suppliers440/4 | - | €5k | €19k | €3k | €14k | ▲ 353% |
| Taxes, remuneration and social security45 | - | €4k | - | €6k | €8k | ▲ 26.0% |
| Taxes450/3 | - | €4k | - | €6k | €7k | ▲ 7.7% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | - | - | €4k | €16k | €13k | ▼ 15.8% |
| Accrued charges and deferred income492/3 | - | €28k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €6k | €-48k | €24k | €24k | ▼ 2.1% |
| + Depreciation and write-downs630 | €10k | €12k | €17k | €18k | €19k | ▲ 6.6% |
| Operating cash flow (approximation) | €15k | €18k | €-31k | €42k | €43k | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | €-153k | €-70k | €-7k | €-10k | ▼ 33.9% |
| Change in cash | - | €54k | €-55k | €9k | €5k | ▼ 45.4% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 41 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Roeselare · 1 establishment unit since 2008
Ground area
208 m²
Building footprint
99 m²
Volume, LiDAR
468 m³
Parcel 36015A0957/00A005, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CARA
since 20082.172.565.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0957/00A005 | Flanders | 208 m² | 1 · 99 m² | 8.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 8,278 EUR awarded · 8,278 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 389 EUR | 389 EUR |
| 2024 | 1 | 389 EUR | 389 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,069 companies in sector 47750 we hold annual accounts for 517. 378 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
Founded17-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
Contact
Website
www.nagelstudiocara.be
Phone
051212583
Scores and ratios are computed by Checked and are not a credit decision.