CARAMEL
ActiveSummary
CARAMEL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204,175 and a net result of €181,322. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+42
Solvency42▲+16
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.18 in 2024; short-term debt: 29.8% and cash: 0% of total assets), and 82.7% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
17.3%
Return on assets
15.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7814 sector peers (2025).
NBB · sector comparisonPosition among 7814 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €204,175
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
64 d early
2024
24 d early
2023
on the day
2022
28 d late
2021
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€204,175▲ 793%
2024 · €22,853
Total assets
€1.2m▼ 43.1%
2024 · €2.1m
Net result
€181,322
2024 · -€7,877
Working capital
-€271,181▲ 55.7%
2024 · -€612,085
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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€54,568-€41,026▼ 24.8%-€6,275€32,992€277,575▲ 741%
Net result€35,149within the sector's middle half-€17,929within the sector's middle half▼ 49.0%-€27,347below the sector's middle half-€7,877below the sector's middle half▲ 71.2%€181,322above the sector's middle half
Equity€40,149below the sector's middle half-€58,078within the sector's middle half▲ 44.7%€30,730within the sector's middle half▼ 47.1%€22,853within the sector's middle half▼ 25.6%€204,175above the sector's middle half▲ 793%
Total assets€976,753within the sector's middle half-€1.8mabove the sector's middle half▲ 86.8%€2.0mabove the sector's middle half▲ 10.2%€2.1mabove the sector's middle half▲ 3.3%€1.2mabove the sector's middle half▼ 43.1%
Debt€936,605-€1.8m▲ 88.6%€2.0m▲ 12.1%€2.1m▲ 3.8%€924,290▼ 55.0%
Working capital-€222,537--€340,272▼ 52.9%-€485,537▼ 42.7%-€612,085▼ 26.1%-€271,181▲ 55.7%
Solvency4.1%below the sector's middle half-3.2%below the sector's middle half▼ 0.9pp1.5%below the sector's middle half▼ 1.7pp1.1%below the sector's middle half▼ 0.4pp17.3%below the sector's middle half▲ 16.2pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 741% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▼ 43.5%
Current assets
€81,712 ▼ 37.6%
Equity and liabilities €1.2m
Equity
€204,175 ▲ 793%
Provisions
€54,060
Debt
€924,290 ▼ 55.0%
Debt's share of the balance-sheet total falls from 98.9% to 78.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€346,224▲
2024 · €135,256
Cash flow
€249,971▲
2024 · €94,386
Current ratio
0.23▲
2024 · 0.18
Debt to equity
4.53▼
2024 · 89.94
ROE
88.8%▲
2024 · -34.5%
ROA
15.3%▲
2024 · -0.4%
Interest coverage
8.29▲
2024 · 3.34
Debt ≤ 1 year
€352,894▼
2024 · €743,042
Debt > 1 year
€569,038▼
2024 · €1.3m
Income taxes
€445▲
2024 · €363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 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 2,677 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 | - | - | - | €1,425 | €234,494 | ▲ 16,357% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,216 | €78,229 | €87,713 | €102,263 | €68,649 | ▼ 32.9% |
| Other operating charges640/8 | - | €2,828 | €3,226 | €4,172 | €5,891 | ▲ 41.2% |
| Gross operating margin9900 | €94,652 | €122,083 | €84,664 | €139,428 | €352,114 | ▲ 153% |
| Operating profit (loss)9901 | €54,568 | €41,026 | -€6,275 | €32,992 | €277,575 | ▲ 741% |
| Financial income75/76B | - | €217 | €0 | €18 | €4 | ▼ 80.6% |
| Recurring financial income75 | €0 | €217 | €0 | €18 | €4 | ▼ 80.6% |
| Financial charges65/66B | - | €19,382 | €24,557 | €40,525 | €41,751 | ▲ 3.0% |
| Recurring financial charges65 | €10,615 | €19,382 | €24,557 | €40,525 | €41,751 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €43,953 | €21,860 | -€30,832 | -€7,514 | €235,827 | ▲ 3,238% |
| Transfer from deferred taxes780 | - | - | - | - | €307 | - |
| Transfer to deferred taxes680 | - | - | - | - | €54,367 | - |
| Income taxes67/77 | €8,804 | €3,931 | -€3,485 | €363 | €445 | ▲ 22.6% |
| Profit (loss) for the period9904 | €35,149 | €17,929 | -€27,347 | -€7,877 | €181,322 | ▲ 2,402% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €920 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €163,102 | - |
| Profit (loss) for the period to be appropriated9905 | €35,149 | €17,929 | -€27,347 | -€7,877 | €19,140 | ▲ 343% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €976,753 | €1.8m | €2.0m | €2.1m | €1.2m | ▼ 43.1% |
| Fixed assets21/28 | €907,331 | €1.8m | €1.9m | €1.9m | €1.1m | ▼ 43.5% |
| Tangible fixed assets22/27 | €907,331 | €1.8m | €1.9m | €1.9m | €1.1m | ▼ 43.5% |
| Land and buildings22 | - | €1.7m | €1.8m | €1.8m | €1.0m | ▼ 43.9% |
| Plant, machinery and equipment23 | - | €14,075 | €16,005 | €17,729 | €7,154 | ▼ 59.6% |
| Furniture and vehicles24 | - | €21,191 | €119,125 | €103,704 | €63,877 | ▼ 38.4% |
| Other tangible fixed assets26 | - | - | - | €3,500 | €8,100 | ▲ 131% |
| Current assets29/58 | €69,423 | €53,269 | €84,789 | €130,957 | €81,712 | ▼ 37.6% |
| Amounts receivable within one year40/41 | €49,708 | €51,508 | €76,831 | €122,874 | €78,677 | ▼ 36.0% |
| Trade receivables40 | - | €51,508 | €76,831 | €120,604 | €77,935 | ▼ 35.4% |
| Other amounts receivable41 | - | - | - | €2,270 | €743 | ▼ 67.3% |
| Current investments50/53 | - | - | €2,700 | €2,700 | €2,700 | = |
| Cash at bank and in hand54/58 | €17,628 | €1,108 | €2,298 | €5,338 | €309 | ▼ 94.2% |
| Deferred charges and accrued income490/1 | - | €653 | €2,959 | €46 | €26 | ▼ 43.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €976,753 | €1.8m | €2.0m | €2.1m | €1.2m | ▼ 43.1% |
| Equity10/15 | €40,149 | €58,078 | €30,730 | €22,853 | €204,175 | ▲ 793% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €35,149 | €53,078 | €25,730 | €17,853 | €199,175 | ▲ 1,016% |
| Tax-exempt reserves132 | - | - | - | - | €162,181 | - |
| Distributable reserves133 | - | €53,078 | €25,730 | €17,853 | €36,993 | ▲ 107% |
| Provisions and deferred taxes16 | - | - | - | - | €54,060 | - |
| Deferred taxes168 | - | - | - | - | €54,060 | - |
| Amounts payable17/49 | €936,605 | €1.8m | €2.0m | €2.1m | €924,290 | ▼ 55.0% |
| Amounts payable after more than one year17 | €644,645 | €1.4m | €1.4m | €1.3m | €569,038 | ▼ 56.6% |
| Financial debts170/4 | - | €1.4m | €1.4m | €1.3m | €569,038 | ▼ 56.6% |
| Amounts payable within one year42/48 | €291,960 | €393,541 | €570,325 | €743,042 | €352,894 | ▼ 52.5% |
| Current portion of amounts payable after more than one year42 | - | €71,026 | €95,819 | €226,950 | €70,149 | ▼ 69.1% |
| Financial debts43 | - | - | €4,969 | €0 | - | - |
| Credit institutions430/8 | - | - | €4,969 | €0 | - | - |
| Trade debts44 | - | €59,843 | €134,295 | €137,783 | €11,202 | ▼ 91.9% |
| Suppliers440/4 | - | €59,843 | €134,295 | €137,783 | €11,202 | ▼ 91.9% |
| Advances received on contracts in progress46 | - | €33,200 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €16,427 | €3,863 | €5,624 | €9,482 | ▲ 68.6% |
| Taxes450/3 | - | €13,758 | €3,863 | €5,624 | €9,482 | ▲ 68.6% |
| Remuneration and social security454/9 | - | €2,669 | €0 | - | - | - |
| Other amounts payable47/48 | - | €213,044 | €331,379 | €372,685 | €262,060 | ▼ 29.7% |
| Accrued charges and deferred income492/3 | - | - | €2,358 | €2,358 | €2,358 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,149 | €17,929 | -€27,347 | -€7,877 | €181,322 | ▲ 2,402% |
| + Depreciation and write-downs630 | €39,216 | €78,229 | €87,713 | €102,263 | €68,649 | ▼ 32.9% |
| Operating cash flow (approximation) | €74,365 | €96,158 | €60,365 | €94,386 | €249,971 | ▲ 165% |
| Investment in fixed assets (approximation) | - | -€942,565 | -€242,436 | -€123,098 | €777,763 | ▲ 732% |
| Change in cash | - | -€16,521 | €1,191 | €3,040 | -€5,029 | ▼ 265% |
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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €181,322
Net result €181,322 after 2 loss-making years.
30-06
Financial
Equity above €200,000Eq €204,175 ▲793%
Equity rises from €22,853 to €204,175.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€27,347
Net result drops to -€27,347, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial 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.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2020
Ground area
4,630 m²
Building footprint
1,710 m²
Volume, LiDAR
18,790 m³
Parcel 46443E2162/00F000, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CARAMEL
since 20202.309.431.329
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E2162/00F000indicative | Flanders | 4,630 m² | 1 · 1,710 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
0 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 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,924 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
Founded23-10-2020
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756925048
Also
9925:BE0756925048
Registered
05-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.