CARAD
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 28-09-2022 was due by 28-04-2023 and was filed on 02-05-2023, 4 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
2022
4 d late
2021
59 d early
2020
2 d late
2019
31 d early
2018
26 d early
2017
32 d early
2016
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€230,226▲ 20.9%
2021 · €190,354
Total assets
€253,838▼ 14.7%
2021 · €297,519
Net result
€39,872▼ 43.3%
2021 · €70,370
Working capital
€98,364▲ 78.4%
2021 · €55,122
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€335,810-€287,110▼ 14.5%€129,141▼ 55.0%€71,238▼ 44.8%€54,348▼ 23.7%
Net result€333,297-€285,414▼ 14.4%€126,750▼ 55.6%€70,370▼ 44.5%€39,872▼ 43.3%
Equity€186,819-€187,233▲ 0.2%€188,984▲ 0.9%€190,354▲ 0.7%€230,226▲ 20.9%
Total assets€577,296-€532,319▼ 7.8%€370,010▼ 30.5%€297,519▼ 19.6%€253,838▼ 14.7%
Debt€390,477-€345,086▼ 11.6%€181,027▼ 47.5%€107,165▼ 40.8%€23,612▼ 78.0%
Working capital€27,849-€44,265▲ 58.9%€58,965▲ 33.2%€55,122▼ 6.5%€98,364▲ 78.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2022 is 24% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €253,838
Fixed assets
€134,784 ▼ 9.1%
Current assets
€119,054 ▼ 20.3%
Equity and liabilities €253,838
Equity
€230,226 ▲ 20.9%
Debt
€23,612 ▼ 78.0%
Debt's share of the balance-sheet total falls from 36.0% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,796▼
2021 · €99,125
Cash flow
€53,320▼
2021 · €98,258
Current ratio
5.75▲
2021 · 1.59
Debt to equity
0.10▼
2021 · 0.56
ROE
17.3%▼
2021 · 37.0%
ROA
15.7%▼
2021 · 23.7%
Interest coverage
101.40▼
2021 · 114.08
Debt ≤ 1 year
€20,690▼
2021 · €94,165
Income taxes
€13,808▲
2021 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,149 | €27,334 | €27,167 | €27,887 | €13,448 | ▼ 51.8% |
| Other operating charges640/8 | - | - | - | €2,579 | €1,131 | ▼ 56.2% |
| Gross operating margin9900 | €365,851 | €316,905 | €158,848 | €101,704 | €68,927 | ▼ 32.2% |
| Operating profit (loss)9901 | €335,810 | €287,110 | €129,141 | €71,238 | €54,348 | ▼ 23.7% |
| Financial income75/76B | - | - | - | €2 | - | - |
| Recurring financial income75 | €53 | €45 | €31 | €2 | - | - |
| Financial charges65/66B | - | - | - | €869 | €669 | ▼ 23.1% |
| Recurring financial charges65 | €2,043 | €1,362 | €1,078 | €869 | €669 | ▼ 23.1% |
| Profit (loss) for the period before taxes9903 | €333,820 | €285,793 | €128,094 | €70,371 | €53,680 | ▼ 23.7% |
| Income taxes67/77 | €524 | €379 | €1,344 | €1 | €13,808 | ▲ 2,091,989% |
| Profit (loss) for the period9904 | €333,297 | €285,414 | €126,750 | €70,370 | €39,872 | ▼ 43.3% |
| Profit (loss) for the period to be appropriated9905 | €333,297 | €285,414 | €129,750 | €70,370 | €39,872 | ▼ 43.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €577,296 | €532,319 | €370,010 | €297,519 | €253,838 | ▼ 14.7% |
| Fixed assets21/28 | €201,736 | €175,740 | €153,384 | €148,232 | €134,784 | ▼ 9.1% |
| Tangible fixed assets22/27 | €181,736 | €155,740 | €133,384 | €128,232 | €114,784 | ▼ 10.5% |
| Land and buildings22 | - | - | - | €107,530 | €95,631 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | - | - | €582 | €407 | ▼ 30.1% |
| Furniture and vehicles24 | - | - | - | €5,117 | €4,524 | ▼ 11.6% |
| Other tangible fixed assets26 | - | - | - | €15,003 | €14,223 | ▼ 5.2% |
| Financial fixed assets28 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Current assets29/58 | €375,559 | €356,579 | €216,626 | €149,287 | €119,054 | ▼ 20.3% |
| Amounts receivable within one year40/41 | €27,933 | €31,527 | €83,822 | €88,756 | €30,535 | ▼ 65.6% |
| Trade receivables40 | - | - | - | €74,086 | €23,579 | ▼ 68.2% |
| Other amounts receivable41 | - | - | - | €14,670 | €6,956 | ▼ 52.6% |
| Cash at bank and in hand54/58 | €347,512 | €325,034 | €132,680 | €60,318 | €87,876 | ▲ 45.7% |
| Deferred charges and accrued income490/1 | - | - | - | €214 | €643 | ▲ 201% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €577,296 | €532,319 | €370,010 | €297,519 | €253,838 | ▼ 14.7% |
| Equity10/15 | €186,819 | €187,233 | €188,984 | €190,354 | €230,226 | ▲ 20.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | = |
| Reserves13 | €174,419 | €174,833 | €176,584 | €177,954 | €217,826 | ▲ 22.4% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €176,095 | €215,967 | ▲ 22.6% |
| Amounts payable17/49 | €390,477 | €345,086 | €181,027 | €107,165 | €23,612 | ▼ 78.0% |
| Amounts payable after more than one year17 | €40,000 | €29,999 | €19,999 | €9,999 | - | - |
| Financial debts170/4 | - | - | - | €9,999 | - | - |
| Amounts payable within one year42/48 | €347,710 | €312,314 | €157,661 | €94,165 | €20,690 | ▼ 78.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,833 | - | - |
| Trade debts44 | €2,698 | €4,648 | €1,233 | €7,409 | €2,060 | ▼ 72.2% |
| Suppliers440/4 | - | - | - | €7,409 | €2,060 | ▼ 72.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,334 | €13,808 | ▲ 935% |
| Taxes450/3 | - | - | - | €1,334 | €13,808 | ▲ 935% |
| Other amounts payable47/48 | - | - | - | €74,588 | €4,822 | ▼ 93.5% |
| Accrued charges and deferred income492/3 | - | - | - | €3,001 | €2,922 | ▼ 2.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €333,297 | €285,414 | €126,750 | €70,370 | €39,872 | ▼ 43.3% |
| + Depreciation and write-downs630 | €27,149 | €27,334 | €27,167 | €27,887 | €13,448 | ▼ 51.8% |
| Operating cash flow (approximation) | €360,445 | €312,749 | €153,918 | €98,258 | €53,320 | ▼ 45.7% |
| Investment in fixed assets (approximation) | - | -€1,338 | -€4,812 | -€22,735 | €0 | ▲ 100% |
| Change in cash | - | -€22,478 | -€192,353 | -€72,362 | €27,558 | ▲ 138% |
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
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
28-09
Financial
Weakest financial yearnet €39,872 ▼43.3%
Net result drops to €39,872, the lowest in the series.
28-09
Financial
Liquidity quadruplescurrent ratio 5.75
Current ratio from 1.59 to 5.75; short-term debt falls from €94,165 to €20,690.
28-09
Financial
Equity above €200,000Eq €230,226 ▲20.9%
5 profitable years in a row build equity to €230,226.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 28-09-2022 list no shareholders, and no other source names one.
Holdings 1
-
40%
According to the annual accounts to 28-09-2022 of CARAD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.