Summary
CARA MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.2m and a net result of €93,988. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 9868 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
61 d late
2022
57 d late
2021
153 d late
2020
319 d late
2019
165 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 134 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€3.2m▼ 6.0%
2023 · €3.4m
Net result
€93,988▼ 92.9%
2023 · €1.3m
Total assets
€3.6m▼ 2.9%
2023 · €3.7m
Solvency
90.6%▼ 3.0pp
2023 · 93.6%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€338,400€335,040▼ 1.0%€331,080▼ 1.2%
Operating result€229,374▼ 21.6%€221,775▼ 3.3%€207,466▼ 6.5%€93,350▼ 55.0%€132,138▲ 41.6%
Net result€791,766above the sector's middle half▲ 241%€167,527above the sector's middle half▼ 78.8%€215,237above the sector's middle half▲ 28.5%€1.3mabove the sector's middle half▲ 516%€93,988above the sector's middle half▼ 92.9%
Equity€2.1mabove the sector's middle half▲ 61.3%€2.1mabove the sector's middle half▲ 3.0%€2.3mabove the sector's middle half▲ 7.6%€3.4mabove the sector's middle half▲ 48.4%€3.2mabove the sector's middle half▼ 6.0%
Total assets€2.2mabove the sector's middle half▲ 62.0%€2.3mabove the sector's middle half▲ 5.1%€2.4mabove the sector's middle half▲ 3.3%€3.7mabove the sector's middle half▲ 54.0%€3.6mabove the sector's middle half▼ 2.9%
Debt€105,221▲ 76.2%€154,972▲ 47.3%€68,754▼ 55.6%€234,479▲ 241%€333,271▲ 42.1%
Working capital€1.8mabove the sector's middle half▲ 46.9%€1.9mabove the sector's middle half▲ 4.4%€2.1mabove the sector's middle half▲ 9.6%€2.6mabove the sector's middle half▲ 26.1%€2.3mabove the sector's middle half▼ 9.8%
Solvency95.2%above the sector's middle half▼ 0.4pp93.3%above the sector's middle half▼ 1.9pp97.1%above the sector's middle half▲ 3.8pp93.6%above the sector's middle half▼ 3.5pp90.6%above the sector's middle half▼ 3.0pp
Current ratio18.08above the sector's middle half▼ 3.4213.11above the sector's middle half▼ 4.9730.92above the sector's middle half▲ 17.8112.07above the sector's middle half▼ 18.858.02above the sector's middle half▼ 4.04
Return on assets (ROA)36.2%above the sector's middle half▲ 19.0pp7.3%within the sector's middle half▼ 28.9pp9.1%within the sector's middle half▲ 1.8pp36.3%above the sector's middle half▲ 27.2pp2.6%within the sector's middle half▼ 33.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2020 Net result +241% on 2019. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 42% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.6m
Fixed assets
€878,662 ▲ 5.9%
Current assets
€2.7m ▼ 5.5%
Equity and liabilities €3.6m
Equity
€3.2m ▼ 6.0%
Debt
€333,271 ▲ 42.1%
Debt's share of the balance-sheet total rises from 6.4% to 9.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
2.9%▼
2023 · 38.7%
Debt ≤ 1 year
€333,271▲
2023 · €234,479
Income taxes
€37,967▲
2023 · €19,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €338,400 | €335,040 | €331,080 | - | - | - |
| Non-recurring operating income76A | €3,306 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €88,851 | €101,040 | €106,735 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,235 | €17,235 | €17,235 | €4,804 | €4,424 | ▼ 7.9% |
| Other operating charges640/8 | €6,246 | €638 | €1,296 | €705 | €734 | ▲ 4.1% |
| Gross operating margin9900 | €252,855 | €239,648 | €225,997 | €98,859 | €137,296 | ▲ 38.9% |
| Operating profit (loss)9901 | €229,374 | €221,775 | €207,466 | €93,350 | €132,138 | ▲ 41.6% |
| Financial income75/76B | €658,081 | - | €67,920 | €1.3m | €3 | ▼ 100.0% |
| Recurring financial income75 | €658,081 | - | €67,920 | €1.3m | €3 | ▼ 100.0% |
| Financial charges65/66B | €65 | €141 | €160 | €126 | €185 | ▲ 47.0% |
| Recurring financial charges65 | €65 | €141 | €160 | €126 | €185 | ▲ 47.0% |
| Profit (loss) for the period before taxes9903 | €887,390 | €221,634 | €275,226 | €1.3m | €131,955 | ▼ 90.2% |
| Income taxes67/77 | €95,624 | €54,107 | €59,988 | €19,736 | €37,967 | ▲ 92.4% |
| Profit (loss) for the period9904 | €791,766 | €167,527 | €215,237 | €1.3m | €93,988 | ▼ 92.9% |
| Profit (loss) for the period to be appropriated9905 | €791,766 | €167,527 | €215,237 | €1.3m | €93,988 | ▼ 92.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €2.4m | €3.7m | €3.6m | ▼ 2.9% |
| Fixed assets21/28 | €285,579 | €268,344 | €251,109 | €830,000 | €878,662 | ▲ 5.9% |
| Tangible fixed assets22/27 | €39,274 | €22,039 | €4,804 | - | €48,662 | - |
| Furniture and vehicles24 | €39,274 | €22,039 | €4,804 | - | €48,662 | - |
| Financial fixed assets28 | €246,305 | €246,305 | €246,305 | €830,000 | €830,000 | = |
| Current assets29/58 | €1.9m | €2.0m | €2.1m | €2.8m | €2.7m | ▼ 5.5% |
| Amounts receivable within one year40/41 | €673,044 | €910,805 | €1.5m | €1.4m | €1.4m | ▼ 2.9% |
| Trade receivables40 | €345,939 | €272,223 | €554,855 | €25,166 | €25,208 | ▲ 0.2% |
| Other amounts receivable41 | €327,105 | €638,582 | €932,729 | €1.4m | €1.3m | ▼ 3.0% |
| Cash at bank and in hand54/58 | €1.2m | €1.1m | €638,219 | €1.4m | €1.3m | ▼ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.4m | €3.7m | €3.6m | ▼ 2.9% |
| Equity10/15 | €2.1m | €2.1m | €2.3m | €3.4m | €3.2m | ▼ 6.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €1.4m | €1.3m | €1.4m | €1.2m | €941,860 | ▼ 18.2% |
| Non-distributable reserves130/1 | €1.3m | €1.2m | €1.3m | €1.1m | €841,860 | ▼ 20.0% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | €1.3m | €1.2m | €1.3m | €1.1m | €840,000 | ▼ 20.0% |
| Distributable reserves133 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €662,433 | €824,960 | €937,697 | €2.3m | €2.3m | ▲ 0.2% |
| Amounts payable17/49 | €105,221 | €154,972 | €68,754 | €234,479 | €333,271 | ▲ 42.1% |
| Amounts payable within one year42/48 | €105,221 | €154,972 | €68,754 | €234,479 | €333,271 | ▲ 42.1% |
| Trade debts44 | €525 | €4,028 | €335 | €648 | €817 | ▲ 26.1% |
| Suppliers440/4 | €525 | €4,028 | €335 | €648 | €817 | ▲ 26.1% |
| Taxes, remuneration and social security45 | €103,064 | €50,564 | €18,419 | €33,831 | €47,454 | ▲ 40.3% |
| Taxes450/3 | €103,064 | €50,564 | €18,419 | €33,831 | €47,454 | ▲ 40.3% |
| Other amounts payable47/48 | €1,632 | €100,381 | €50,000 | €200,000 | €285,000 | ▲ 42.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €791,766 | €167,527 | €215,237 | €1.3m | €93,988 | ▼ 92.9% |
| + Depreciation and write-downs630 | €17,235 | €17,235 | €17,235 | €4,804 | €4,424 | ▼ 7.9% |
| Operating cash flow (approximation) | €809,001 | €184,762 | €232,472 | €1.3m | €98,412 | ▼ 92.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€583,695 | -€53,086 | ▲ 90.9% |
| Change in cash | - | -€108,247 | -€483,025 | €782,659 | -€114,588 | ▼ 115% |
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
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Weakest financial yearnet €93,988 ▼92.9%
Net result drops to €93,988, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €1.3m ▲516%
Net result €1.3m, the highest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 30.92
Current ratio from 13.11 to 30.92; short-term debt falls from €154,972 to €68,754.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 319 days late
2021
05-02
KBO administration
Strikeout withdrawal
event 12-01-2021
12-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 165 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 531 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 896 days late
Show earlier events
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1261 days late
2020
31-12
Financial
Equity above €2mEq €2.1m ▲61.3%
3 profitable years in a row build equity to €2.1m.
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Awans · 1 establishment unit since 2008
Ground area
1,976 m²
Building footprint
55 m²
Volume, LiDAR
419 m³
2 parcels, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CARA MANAGEMENT
since 20082.171.649.658
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62106A1241/00H000 | Wallonia | 1,349 m² | - | - |
| 62003A0345/00W000 | Wallonia | 627 m² | 1 · 54 m² | 8.6 m · 3 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.
Similar companies · same sector, comparable size
REI Group
BE 0555.933.130
Dendermonde · Eq €3,217,245
Skyline
BE 0664.674.187
Knokke-Heist · Eq €3,220,542
Rome
BE 0450.100.883
Zoersel · Eq €3,220,569
HOLDING CISPA
BE 0831.867.347
Gent · Eq €3,221,035
DEMVAN
BE 0825.821.277
De Panne · Eq €3,215,933
Of 24,721 companies in this sector we hold annual accounts for 19,804. 9,512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-06-2008
Fiscal year end31-12
Abbreviation FR
CARA
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898486551
Also
9925:BE0898486551
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.