CARAMALI
ActiveSummary
CARAMALI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,802 and a net result of €14,801. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 2035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+59
Solvency48▼-2
Growth61=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.1 in 2024; short-term debt: 77.1% and cash: 54.2% of total assets), and 77.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
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
22.9%
Return on assets
3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
29 d late
2023
28 d late
2022
31 d late
2021
23 d late
2020
26 d late
2019
30 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 18 days after the deadline; the sector median for financial year 2024 is 3 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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€214,098▲ 35.4%
2020 · €158,156
EBIT margin
3.2%▼ 5.5pp
2020 · 8.8%
Net result
€14,801
2024 · -€12,102
Working capital
€41,119▲ 86.8%
2024 · €22,011
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 90, Arts creation and performing arts activities, 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
Line20212022202320242025
Turnover€214,098▲ 35.4%
Operating result€6,940▼ 49.9%€58,962▲ 750%€78,857▲ 33.7%-€4,593€27,666
Net result€2,751within the sector's middle half▼ 68.4%€45,181above the sector's middle half▲ 1,543%€52,358above the sector's middle half▲ 15.9%-€12,102below the sector's middle half€14,801within the sector's middle half
EBIT margin3.2%▼ 5.5pp
Equity-€10,435below the sector's middle half€34,745within the sector's middle half€87,103within the sector's middle half▲ 151%€75,001within the sector's middle half▼ 13.9%€89,802within the sector's middle half▲ 19.7%
Total assets€189,574within the sector's middle half▼ 37.6%€303,651above the sector's middle half▲ 60.2%€310,120above the sector's middle half▲ 2.1%€304,227above the sector's middle half▼ 1.9%€391,589above the sector's middle half▲ 28.7%
Debt€200,010▼ 32.6%€268,905▲ 34.4%€223,017▼ 17.1%€229,226▲ 2.8%€301,787▲ 31.7%
Working capital-€73,812below the sector's middle half▼ 13.0%€30,639within the sector's middle half€29,806within the sector's middle half▼ 2.7%€22,011within the sector's middle half▼ 26.2%€41,119within the sector's middle half▲ 86.8%
Solvency-5.5%below the sector's middle half▼ 7.9pp11.4%below the sector's middle half▲ 16.9pp28.1%within the sector's middle half▲ 16.6pp24.7%within the sector's middle half▼ 3.4pp22.9%within the sector's middle half▼ 1.7pp
Current ratio0.63below the sector's middle half▼ 0.151.14within the sector's middle half▲ 0.511.13within the sector's middle half▼ 0.011.10within the sector's middle half▼ 0.041.14within the sector's middle half▲ 0.04
Return on assets (ROA)1.5%within the sector's middle half▼ 1.4pp14.9%within the sector's middle half▲ 13.4pp16.9%within the sector's middle half▲ 2.0pp-4.0%below the sector's middle half▼ 20.9pp3.8%within the sector's middle half▲ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, 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 returns to profit in 2025: €27,666 after a loss of €4,593 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €391,589
Fixed assets
€48,683 ▼ 8.1%
Current assets
€342,907 ▲ 36.5%
Equity and liabilities €391,589
Equity
€89,802 ▲ 19.7%
Debt
€301,787 ▲ 31.7%
Debt's share of the balance-sheet total rises from 75.3% to 77.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,973▲
2024 · -€286
Cash flow
€19,109▲
2024 · -€7,795
Debt to equity
3.36▲
2024 · 3.06
ROE
16.5%▲
2024 · -16.1%
Interest coverage
106.96▲
2024 · -0.97
Debt ≤ 1 year
€301,787▲
2024 · €229,226
Income taxes
€13,223▲
2024 · €8,076
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,984 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €214,098 | - | - | - | - | - |
| Non-recurring operating income76A | - | €2,098 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €206,618 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,193 | €7,769 | €4,415 | €4,307 | €4,307 | = |
| Other operating charges640/8 | €1,808 | €1,934 | €2,160 | €9,882 | €10,860 | ▲ 9.9% |
| Gross operating margin9900 | €17,941 | €68,664 | €85,432 | €9,597 | €42,833 | ▲ 346% |
| Operating profit (loss)9901 | €6,940 | €58,962 | €78,857 | -€4,593 | €27,666 | ▲ 702% |
| Financial income75/76B | €32 | - | - | €860 | €657 | ▼ 23.6% |
| Recurring financial income75 | €32 | - | - | €860 | €657 | ▼ 23.6% |
| Financial charges65/66B | €841 | €957 | -€60 | €293 | €299 | ▲ 1.9% |
| Recurring financial charges65 | €841 | €957 | -€60 | €293 | €299 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €6,131 | €58,005 | €78,916 | -€4,026 | €28,024 | ▲ 796% |
| Income taxes67/77 | €3,380 | €12,824 | €26,559 | €8,076 | €13,223 | ▲ 63.7% |
| Profit (loss) for the period9904 | €2,751 | €45,181 | €52,358 | -€12,102 | €14,801 | ▲ 222% |
| Profit (loss) for the period to be appropriated9905 | €2,751 | €45,181 | €52,358 | -€12,102 | €14,801 | ▲ 222% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,574 | €303,651 | €310,120 | €304,227 | €391,589 | ▲ 28.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €63,377 | €60,106 | €57,297 | €52,990 | €48,683 | ▼ 8.1% |
| Intangible fixed assets21 | - | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Tangible fixed assets22/27 | €63,377 | €57,706 | €54,897 | €50,590 | €46,283 | ▼ 8.5% |
| Land and buildings22 | €60,530 | €56,758 | €52,997 | €49,344 | €45,692 | ▼ 7.4% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €2,847 | €948 | €1,900 | €1,246 | €591 | ▼ 52.6% |
| Current assets29/58 | €126,197 | €243,545 | €252,823 | €251,237 | €342,907 | ▲ 36.5% |
| Amounts receivable within one year40/41 | €2,672 | €10,478 | €10,973 | €51,425 | €129,645 | ▲ 152% |
| Trade receivables40 | €0 | €6,640 | €10,973 | €51,412 | €129,632 | ▲ 152% |
| Other amounts receivable41 | €2,672 | €3,838 | - | €13 | €13 | = |
| Cash at bank and in hand54/58 | €123,526 | €232,429 | €240,212 | €198,717 | €212,147 | ▲ 6.8% |
| Deferred charges and accrued income490/1 | - | €638 | €1,638 | €1,095 | €1,115 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,574 | €303,651 | €310,120 | €304,227 | €391,589 | ▲ 28.7% |
| Equity10/15 | -€10,435 | €34,745 | €87,103 | €75,001 | €89,802 | ▲ 19.7% |
| Contributions10/11 | €0 | - | - | - | - | - |
| Reserves13 | €0 | €34,745 | €87,103 | €87,103 | €89,802 | ▲ 3.1% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | - | €34,745 | €87,103 | €87,103 | €89,802 | ▲ 3.1% |
| Profit (loss) carried forward14 | -€10,435 | - | - | -€12,102 | - | - |
| Amounts payable17/49 | €200,010 | €268,905 | €223,017 | €229,226 | €301,787 | ▲ 31.7% |
| Amounts payable within one year42/48 | €200,010 | €212,905 | €223,017 | €229,226 | €301,787 | ▲ 31.7% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €763 | €5,063 | €3,518 | €31,146 | €4,380 | ▼ 85.9% |
| Suppliers440/4 | €763 | €5,063 | €3,518 | €31,146 | €4,380 | ▼ 85.9% |
| Taxes, remuneration and social security45 | €13,608 | €4,495 | €20,390 | €4,968 | €24,093 | ▲ 385% |
| Taxes450/3 | €13,608 | €3,778 | €20,390 | €4,968 | €24,093 | ▲ 385% |
| Remuneration and social security454/9 | €0 | €717 | - | - | - | - |
| Other amounts payable47/48 | €185,639 | €203,347 | €199,109 | €193,112 | €273,314 | ▲ 41.5% |
| Accrued charges and deferred income492/3 | €0 | €56,000 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,751 | €45,181 | €52,358 | -€12,102 | €14,801 | ▲ 222% |
| + Depreciation and write-downs630 | €9,193 | €7,769 | €4,415 | €4,307 | €4,307 | = |
| Operating cash flow (approximation) | €11,944 | €52,949 | €56,773 | -€7,795 | €19,109 | ▲ 345% |
| Investment in fixed assets (approximation) | - | -€4,498 | -€1,607 | €0 | €0 | - |
| Change in cash | - | €108,904 | €7,783 | -€41,495 | €13,430 | ▲ 132% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Back to profitnet €14,801
Net result €14,801 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €52,358 ▲15.9%
Operating result €78,857, net result €52,358, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €8,714
Net result €8,714 after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Liège · 1 establishment unit since 2003
Ground area
260 m²
Building footprint
65 m²
Volume, LiDAR
593 m³
Parcel 62804D0368/00H002, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RALPH MEYER
since 20032.132.803.237
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62804D0368/00H002 | Wallonia | 260 m² | 1 · 65 m² | 10.6 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 8,314 companies in sector 90201 we hold annual accounts for 603. 485 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
Founded02-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
18130Pre-press and pre-media services
58110Book publishing
46150Agents in the wholesale of furniture, household goods and hardware
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480133073
Also
9925:BE0480133073
Registered
24-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.