CARD-EP
ActiveSummary
CARD-EP has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €296,348 and a net result of €165,516. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency85▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.0 against 1.89 in 2023; short-term debt: 39.8% and cash: 2.6% of total assets), and 39.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €296,348
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-11-2025, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
117 d late
2023
97 d late
2022
8 d late
2021
29 d late
2020
47 d late
2019
13 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 52 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€296,348▲ 127%
2023 · €130,832
Total assets
€492,387▲ 87.7%
2023 · €262,271
Net result
€165,516▲ 51.4%
2023 · €109,350
Working capital
€196,435▲ 68.9%
2023 · €116,328
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health 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
Line20202021202220232024
Operating result€6,406▼ 25.8%-€25,386€69,913€169,604▲ 143%€252,870▲ 49.1%
Net result€1,910below the sector's middle half▼ 53.5%-€26,849below the sector's middle half€50,956within the sector's middle half€109,350above the sector's middle half▲ 115%€165,516above the sector's middle half▲ 51.4%
Equity-€2,625below the sector's middle half▲ 42.1%-€29,474below the sector's middle half▼ 1,023%€21,482below the sector's middle half€130,832within the sector's middle half▲ 509%€296,348within the sector's middle half▲ 127%
Total assets€35,625below the sector's middle half▼ 16.7%€21,510below the sector's middle half▼ 39.6%€71,688below the sector's middle half▲ 233%€262,271within the sector's middle half▲ 266%€492,387within the sector's middle half▲ 87.7%
Debt€38,250▼ 19.1%€50,984▲ 33.3%€50,206▼ 1.5%€131,439▲ 162%€196,039▲ 49.1%
Working capital-€17,182▼ 4.6%-€41,569▼ 142%€10,520€116,328▲ 1,006%€196,435▲ 68.9%
Solvency-7.4%below the sector's middle half▲ 3.2pp-137.0%below the sector's middle half▼ 129.7pp30.0%below the sector's middle half▲ 167.0pp49.9%within the sector's middle half▲ 19.9pp60.2%within the sector's middle half▲ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health 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
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 49% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €492,387
Fixed assets
€99,913 ▲ 589%
Current assets
€392,473 ▲ 58.4%
Equity and liabilities €492,387
Equity
€296,348 ▲ 127%
Debt
€196,039 ▲ 49.1%
Debt's share of the balance-sheet total falls from 50.1% to 39.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€267,312▲
2023 · €179,225
Cash flow
€179,958▲
2023 · €118,971
Current ratio
2.00▲
2023 · 1.89
Debt to equity
0.66▼
2023 · 1.00
ROE
55.9%▼
2023 · 83.6%
ROA
33.6%▼
2023 · 41.7%
Interest coverage
67.27▼
2023 · 147.04
Debt ≤ 1 year
€196,039▲
2023 · €131,439
Income taxes
€84,371▲
2023 · €59,036
Staff costs
€79,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 17,810 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €79,714 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,275 | €13,528 | €12,292 | €9,621 | €14,442 | ▲ 50.1% |
| Other operating charges640/8 | - | €986 | €1,163 | €1,568 | €2,617 | ▲ 66.9% |
| Gross operating margin9900 | €19,734 | -€10,872 | €83,368 | €180,793 | €349,644 | ▲ 93.4% |
| Operating profit (loss)9901 | €6,406 | -€25,386 | €69,913 | €169,604 | €252,870 | ▲ 49.1% |
| Financial income75/76B | - | - | - | €0 | €991 | ▲ 1,238,113% |
| Recurring financial income75 | - | - | - | €0 | €991 | ▲ 1,238,113% |
| Financial charges65/66B | - | €1,211 | €951 | €1,219 | €3,974 | ▲ 226% |
| Recurring financial charges65 | €1,631 | €1,211 | €951 | €1,219 | €3,974 | ▲ 226% |
| Profit (loss) for the period before taxes9903 | €4,775 | -€26,597 | €68,962 | €168,385 | €249,887 | ▲ 48.4% |
| Income taxes67/77 | €2,865 | €252 | €18,006 | €59,036 | €84,371 | ▲ 42.9% |
| Profit (loss) for the period9904 | €1,910 | -€26,849 | €50,956 | €109,350 | €165,516 | ▲ 51.4% |
| Profit (loss) for the period to be appropriated9905 | €1,910 | -€26,849 | €50,956 | €109,350 | €165,516 | ▲ 51.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,625 | €21,510 | €71,688 | €262,271 | €492,387 | ▲ 87.7% |
| Fixed assets21/28 | €31,673 | €19,953 | €11,339 | €14,503 | €99,913 | ▲ 589% |
| Tangible fixed assets22/27 | €31,373 | €19,653 | €11,039 | €14,203 | €99,613 | ▲ 601% |
| Plant, machinery and equipment23 | - | - | - | - | €40,697 | - |
| Furniture and vehicles24 | - | €19,653 | €11,039 | €14,203 | €58,917 | ▲ 315% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €3,952 | €1,557 | €60,349 | €247,768 | €392,473 | ▲ 58.4% |
| Amounts receivable within one year40/41 | €1,800 | - | - | €132,342 | €289,437 | ▲ 119% |
| Trade receivables40 | - | - | - | €58,385 | €75,812 | ▲ 29.8% |
| Other amounts receivable41 | - | - | - | €73,957 | €213,625 | ▲ 189% |
| Cash at bank and in hand54/58 | - | - | €14,884 | €9,240 | €12,779 | ▲ 38.3% |
| Deferred charges and accrued income490/1 | - | €1,557 | €45,465 | €106,186 | €90,257 | ▼ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,625 | €21,510 | €71,688 | €262,271 | €492,387 | ▲ 87.7% |
| Equity10/15 | -€2,625 | -€29,474 | €21,482 | €130,832 | €296,348 | ▲ 127% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €1,446 | €1,446 | €18,982 | €128,332 | €293,848 | ▲ 129% |
| Non-distributable reserves130/1 | - | €1,446 | €1,446 | - | - | - |
| Reserves not available under the articles1311 | - | €1,446 | €1,446 | - | - | - |
| Distributable reserves133 | - | - | €17,536 | €128,332 | €293,848 | ▲ 129% |
| Profit (loss) carried forward14 | -€6,571 | -€33,420 | - | - | - | - |
| Amounts payable17/49 | €38,250 | €50,984 | €50,206 | €131,439 | €196,039 | ▲ 49.1% |
| Amounts payable after more than one year17 | €15,658 | €6,416 | - | - | - | - |
| Financial debts170/4 | - | €6,416 | - | - | - | - |
| Amounts payable within one year42/48 | €21,134 | €43,126 | €49,829 | €131,439 | €196,039 | ▲ 49.1% |
| Current portion of amounts payable after more than one year42 | - | €9,242 | €6,416 | €47,696 | €55,639 | ▲ 16.7% |
| Financial debts43 | - | €973 | - | - | €1,863 | - |
| Credit institutions430/8 | - | €973 | - | - | €1,863 | - |
| Trade debts44 | €100 | €597 | €219 | €36,702 | €61,054 | ▲ 66.4% |
| Suppliers440/4 | - | €597 | €219 | €36,702 | €61,054 | ▲ 66.4% |
| Taxes, remuneration and social security45 | - | €3,117 | €18,257 | €47,042 | €77,481 | ▲ 64.7% |
| Taxes450/3 | - | €3,117 | €18,257 | €47,042 | €63,396 | ▲ 34.8% |
| Remuneration and social security454/9 | - | - | - | - | €14,085 | - |
| Other amounts payable47/48 | - | €29,197 | €24,937 | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,442 | €377 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,910 | -€26,849 | €50,956 | €109,350 | €165,516 | ▲ 51.4% |
| + Depreciation and write-downs630 | €12,275 | €13,528 | €12,292 | €9,621 | €14,442 | ▲ 50.1% |
| Operating cash flow (approximation) | €14,185 | -€13,321 | €63,248 | €118,971 | €179,958 | ▲ 51.3% |
| Investment in fixed assets (approximation) | - | -€1,808 | -€3,678 | -€12,785 | -€99,852 | ▼ 681% |
| Change in cash | - | - | - | -€5,644 | €3,539 | ▲ 163% |
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
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 117 days late
2024
31-12
Financial
Highest result since 2018net €165,516 ▲51.4%
Operating result €252,870, net result €165,516, both a record.
31-12
Financial
Equity above €200,000Eq €296,348 ▲127%
3 profitable years in a row build equity to €296,348.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 97 days late
2023
31-12
Financial
Equity above €100,000Eq €130,832 ▲509%
2 profitable years in a row build equity to €130,832.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Back to profitnet €50,956
Net result €50,956 after one loss-making year.
31-12
Financial
Liquidity times 34current ratio 1.21
Current ratio from 0.04 to 1.21.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€26,849
Net result drops to -€26,849, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
Show earlier events
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 303 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Beersel · 1 establishment unit since 2014
Ground area
2,236 m²
Building footprint
283 m²
Volume, LiDAR
3,628 m³
2 parcels, Brussels, Flanders · tallest building 19.4 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Docteur Alexandre Almorad
since 20142.227.085.455
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001C0154/00M000 | Flanders | 1,922 m² | 1 · 110 m² | 7.8 m · 2 fl. |
| 21007A0101/00B005 | Brussels | 314 m² | 1 · 173 m² | 19.4 m · 6 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
MEDISCH KABINET BEATRICE LAGAE
BE 0893.067.122
Gent · Eq €296,375
ANESTHESIE SAIDANE
BE 0476.718.871
Fosses-la-Ville · Eq €296,424
SOMNOLUTIONS
BE 0720.555.491
Merchtem · Eq €296,510
SAUKAMED
BE 0696.839.486
Mechelen · Eq €296,531
EUROPSY
BE 0465.641.471
Liège · Eq €296,146
Of 16,631 companies in sector 86220 we hold annual accounts for 7,985. 6,672 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
Founded13-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
85599Other education
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.