CARCA
ActiveSummary
CARCA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,053 and a net result of -€2,515. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 1532 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-75
Solvency88▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.05 in 2024; short-term debt: 36.6% and cash: 20.5% of total assets), and 36.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
63.4%
Return on assets
-9.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
34 d early
2023
23 d early
2022
5 d early
2021
31 d early
2020
30 d early
2019
28 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 25 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€17,053▼ 12.9%
2024 · €19,568
Total assets
€26,898▼ 28.1%
2024 · €37,409
Net result
-€2,515
2024 · €3,861
Working capital
€7,799▼ 58.4%
2024 · €18,763
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
Line20212022202320242025
Operating result€163€348▲ 114%€5,896▲ 1,595%€3,545▼ 39.9%-€2,667
Net result€158€301▲ 90.7%€6,096▲ 1,926%€3,861▼ 36.7%-€2,515
Equity€9,310▲ 1.7%€9,611▲ 3.2%€15,707▲ 63.4%€19,568▲ 24.6%€17,053▼ 12.9%
Total assets€26,912▲ 71.9%€14,988▼ 44.3%€24,656▲ 64.5%€37,409▲ 51.7%€26,898▼ 28.1%
Debt€17,602▲ 171%€5,378▼ 69.4%€8,949▲ 66.4%€17,841▲ 99.4%€9,845▼ 44.8%
Working capital€6,293▲ 59.5%€6,817▲ 8.3%€14,551▲ 113%€18,763▲ 28.9%€7,799▼ 58.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,667 after €3,545 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26,898
Fixed assets
€9,254 ▲ 1,050%
Current assets
€17,644 ▼ 51.8%
Equity and liabilities €26,898
Equity
€17,053 ▼ 12.9%
Debt
€9,845 ▼ 44.8%
Debt's share of the balance-sheet total falls from 47.7% to 36.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,184▼
2024 · €3,895
Cash flow
-€1,032▼
2024 · €4,211
Current ratio
1.79▼
2024 · 2.05
Debt to equity
0.58▼
2024 · 0.91
ROE
-14.7%▼
2024 · 19.7%
ROA
-9.3%▼
2024 · 10.3%
Interest coverage
-215.25▼
2024 · 27.64
Debt ≤ 1 year
€9,845▼
2024 · €17,841
Income taxes
€0▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 12,304 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,190 | €1,975 | €1,638 | €350 | €1,483 | ▲ 323% |
| Other operating charges640/8 | €568 | €727 | €857 | €760 | €908 | ▲ 19.6% |
| Gross operating margin9900 | €2,920 | €3,050 | €8,392 | €4,655 | -€275 | ▼ 106% |
| Operating profit (loss)9901 | €163 | €348 | €5,896 | €3,545 | -€2,667 | ▼ 175% |
| Financial income75/76B | €37 | €1 | €224 | €458 | €158 | ▼ 65.5% |
| Recurring financial income75 | €37 | €1 | €224 | €458 | €158 | ▼ 65.5% |
| Financial charges65/66B | €42 | €48 | €24 | €141 | €6 | ▼ 96.1% |
| Recurring financial charges65 | €42 | €48 | €24 | €141 | €6 | ▼ 96.1% |
| Profit (loss) for the period before taxes9903 | €158 | €301 | €6,096 | €3,861 | -€2,515 | ▼ 165% |
| Income taxes67/77 | - | - | €0 | €0 | €0 | ▲ 48.1% |
| Profit (loss) for the period9904 | €158 | €301 | €6,096 | €3,861 | -€2,515 | ▼ 165% |
| Profit (loss) for the period to be appropriated9905 | €158 | €301 | €6,096 | €3,861 | -€2,515 | ▼ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,912 | €14,988 | €24,656 | €37,409 | €26,898 | ▼ 28.1% |
| Fixed assets21/28 | €3,016 | €2,793 | €1,155 | €805 | €9,254 | ▲ 1,050% |
| Tangible fixed assets22/27 | €3,016 | €2,793 | €1,155 | €805 | €9,254 | ▲ 1,050% |
| Plant, machinery and equipment23 | €3,016 | €2,793 | €1,155 | €805 | €8,554 | ▲ 963% |
| Furniture and vehicles24 | - | - | - | - | €700 | - |
| Current assets29/58 | €23,895 | €12,195 | €23,501 | €36,604 | €17,644 | ▼ 51.8% |
| Amounts receivable within one year40/41 | €18,892 | €8,958 | €13,009 | €25,444 | €11,002 | ▼ 56.8% |
| Trade receivables40 | €18,892 | €5,740 | €8,170 | €18,654 | €11,002 | ▼ 41.0% |
| Other amounts receivable41 | - | €3,218 | €4,839 | €6,790 | - | - |
| Current investments50/53 | €40 | €40 | €222 | €223 | €224 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €4,964 | €3,198 | €8,481 | €10,075 | €5,506 | ▼ 45.3% |
| Deferred charges and accrued income490/1 | - | - | €1,789 | €862 | €912 | ▲ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,912 | €14,988 | €24,656 | €37,409 | €26,898 | ▼ 28.1% |
| Equity10/15 | €9,310 | €9,611 | €15,707 | €19,568 | €17,053 | ▼ 12.9% |
| Contributions10/11 | €62,000 | €68,200 | €68,200 | €68,200 | €68,200 | = |
| Capital10 | €62,000 | - | - | - | - | - |
| Issued capital100 | €62,000 | - | - | - | - | - |
| Reserves13 | €25,901 | €19,701 | €19,701 | €19,701 | €19,701 | = |
| Non-distributable reserves130/1 | €6,200 | - | - | - | - | - |
| Legal reserve130 | €6,200 | - | - | - | - | - |
| Distributable reserves133 | €19,701 | €19,701 | €19,701 | €19,701 | €19,701 | = |
| Profit (loss) carried forward14 | -€78,592 | -€78,291 | -€72,195 | -€68,334 | -€70,848 | ▼ 3.7% |
| Amounts payable17/49 | €17,602 | €5,378 | €8,949 | €17,841 | €9,845 | ▼ 44.8% |
| Amounts payable within one year42/48 | €17,602 | €5,378 | €8,949 | €17,841 | €9,845 | ▼ 44.8% |
| Trade debts44 | €11,948 | €5,042 | €7,638 | €16,045 | €7,724 | ▼ 51.9% |
| Suppliers440/4 | €11,948 | €5,042 | €7,638 | €16,045 | €7,724 | ▼ 51.9% |
| Taxes, remuneration and social security45 | €2,499 | €336 | €1,311 | €1,796 | €1,578 | ▼ 12.2% |
| Taxes450/3 | €2,499 | €336 | €1,311 | €1,796 | €1,578 | ▼ 12.2% |
| Other amounts payable47/48 | €3,155 | - | - | - | €544 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158 | €301 | €6,096 | €3,861 | -€2,515 | ▼ 165% |
| + Depreciation and write-downs630 | €2,190 | €1,975 | €1,638 | €350 | €1,483 | ▲ 323% |
| Operating cash flow (approximation) | €2,348 | €2,275 | €7,734 | €4,211 | -€1,032 | ▼ 125% |
| Investment in fixed assets (approximation) | - | -€1,752 | €0 | €0 | -€9,932 | - |
| Change in cash | - | -€1,766 | €5,283 | €1,594 | -€4,568 | ▼ 387% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €6,096 ▲1,926%
Operating result €5,896, net result €6,096, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-11
Financial
Back to profitnet €158
Net result €158 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Weakest financial yearnet -€5,256
Net result drops to -€5,256, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Niklaas · 1 establishment unit since 1994
Ground area
505 m²
Building footprint
205 m²
Volume, LiDAR
829 m³
Parcel 46442C0368/00E000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Passtraat 430, 9100 Sint-Niklaas
since 19942.069.313.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0368/00E000 | Flanders | 505 m² | 1 · 205 m² | 6.9 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.
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Of 1,188 companies in sector 77399 we hold annual accounts for 711. 266 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
Founded28-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453872896
Also
9925:BE0453872896
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.