CARD10
ActiveSummary
CARD10 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578,831 and a net result of €426,337. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 2356 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 17.83 against 24.86 in 2024; short-term debt: 4.7% and cash: 31.1% of total assets), and 4.7% 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○neutral
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 · 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
95.3%
Return on assets
70.2%
Age of the figures
9 mo
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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
27 d late
2023
on the day
2022
92 d late
2021
30 d early
2020
32 d early
2019
26 d late
← 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 11 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€578,831▲ 4.8%
2024 · €552,495
Total assets
€607,537▲ 6.6%
2024 · €570,090
Net result
€426,337▲ 24.3%
2024 · €342,991
Working capital
€483,107▲ 15.1%
2024 · €419,850
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
Line20212022202320242025
Operating result€494,593▲ 7.2%€443,196▼ 10.4%€510,523▲ 15.2%€451,562▼ 11.5%€561,099▲ 24.3%
Net result€361,311above the sector's middle half▲ 4.6%€332,732above the sector's middle half▼ 7.9%€385,680above the sector's middle half▲ 15.9%€342,991above the sector's middle half▼ 11.1%€426,337above the sector's middle half▲ 24.3%
Equity€356,093within the sector's middle half▲ 86.9%€688,824within the sector's middle half▲ 93.4%€409,504within the sector's middle half▼ 40.6%€552,495within the sector's middle half▲ 34.9%€578,831within the sector's middle half▲ 4.8%
Total assets€674,949within the sector's middle half▲ 32.0%€743,688within the sector's middle half▲ 10.2%€668,047within the sector's middle half▼ 10.2%€570,090within the sector's middle half▼ 14.7%€607,537within the sector's middle half▲ 6.6%
Debt€318,857▼ 0.6%€54,863▼ 82.8%€258,542▲ 371%€17,596▼ 93.2%€28,705▲ 63.1%
Working capital€304,126▲ 145%€650,069▲ 114%€248,630▼ 61.8%€419,850▲ 68.9%€483,107▲ 15.1%
Solvency52.8%within the sector's middle half▲ 15.5pp92.6%above the sector's middle half▲ 39.9pp61.3%within the sector's middle half▼ 31.3pp96.9%above the sector's middle half▲ 35.6pp95.3%above the sector's middle half▼ 1.6pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607,537
Fixed assets
€95,724 ▼ 27.8%
Current assets
€511,813 ▲ 17.0%
Equity and liabilities €607,537
Equity
€578,831 ▲ 4.8%
Debt
€28,705 ▲ 63.1%
Debt's share of the balance-sheet total rises from 3.1% to 4.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€598,020▲
2024 · €488,824
Cash flow
€463,257▲
2024 · €380,252
Current ratio
17.83▼
2024 · 24.86
Debt to equity
0.05▲
2024 · 0.03
ROE
73.7%▲
2024 · 62.1%
ROA
70.2%▲
2024 · 60.2%
Interest coverage
2174.62▲
2024 · 1257.91
Debt ≤ 1 year
€28,705▲
2024 · €17,596
Income taxes
€137,444▲
2024 · €110,000
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,413 | €25,652 | €30,988 | €37,262 | €36,921 | ▼ 0.9% |
| Other operating charges640/8 | €720 | €472 | €508 | €2,155 | €614 | ▼ 71.5% |
| Gross operating margin9900 | €523,725 | €469,319 | €542,019 | €490,978 | €598,634 | ▲ 21.9% |
| Operating profit (loss)9901 | €494,593 | €443,196 | €510,523 | €451,562 | €561,099 | ▲ 24.3% |
| Financial income75/76B | €70 | €0 | - | €1,818 | €2,956 | ▲ 62.6% |
| Recurring financial income75 | €70 | €0 | - | €1,818 | €2,956 | ▲ 62.6% |
| Financial charges65/66B | €1,552 | €1,617 | €397 | €389 | €275 | ▼ 29.2% |
| Recurring financial charges65 | €1,552 | €1,617 | €397 | €389 | €275 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | €493,110 | €441,579 | €510,125 | €452,991 | €563,781 | ▲ 24.5% |
| Income taxes67/77 | €131,799 | €108,847 | €124,445 | €110,000 | €137,444 | ▲ 24.9% |
| Profit (loss) for the period9904 | €361,311 | €332,732 | €385,680 | €342,991 | €426,337 | ▲ 24.3% |
| Profit (loss) for the period to be appropriated9905 | €361,311 | €332,732 | €385,680 | €342,991 | €426,337 | ▲ 24.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €674,949 | €743,688 | €668,047 | €570,090 | €607,537 | ▲ 6.6% |
| Fixed assets21/28 | €51,967 | €38,756 | €161,259 | €132,645 | €95,724 | ▼ 27.8% |
| Tangible fixed assets22/27 | €37,917 | €24,706 | €146,209 | €118,215 | €81,294 | ▼ 31.2% |
| Plant, machinery and equipment23 | €0 | €2,483 | €2,231 | €1,979 | €1,727 | ▼ 12.7% |
| Furniture and vehicles24 | €35,465 | €14,337 | €136,821 | €109,809 | €73,869 | ▼ 32.7% |
| Other tangible fixed assets26 | €2,451 | €7,886 | €7,157 | €6,427 | €5,698 | ▼ 11.3% |
| Financial fixed assets28 | €14,050 | €14,050 | €15,050 | €14,430 | €14,430 | = |
| Current assets29/58 | €622,983 | €704,932 | €506,788 | €437,445 | €511,813 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €119,170 | €142,451 | €45,798 | €72,736 | €49,122 | ▼ 32.5% |
| Trade receivables40 | - | €5,000 | €34,733 | €2,750 | €0 | ▼ 100% |
| Other amounts receivable41 | €119,170 | €137,451 | €11,065 | €69,986 | €49,122 | ▼ 29.8% |
| Cash at bank and in hand54/58 | €114,242 | €254,268 | €144,492 | €113,160 | €189,088 | ▲ 67.1% |
| Deferred charges and accrued income490/1 | €389,570 | €308,213 | €316,498 | €251,549 | €273,603 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €674,949 | €743,688 | €668,047 | €570,090 | €607,537 | ▲ 6.6% |
| Equity10/15 | €356,093 | €688,824 | €409,504 | €552,495 | €578,831 | ▲ 4.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €666,860 | €390,860 | €533,860 | €160,230 | ▼ 70.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €665,000 | €389,000 | €532,000 | €158,370 | ▼ 70.2% |
| Profit (loss) carried forward14 | €335,633 | €3,364 | €44 | €35 | €400,001 | ▲ 1,152,974% |
| Amounts payable17/49 | €318,857 | €54,863 | €258,542 | €17,596 | €28,705 | ▲ 63.1% |
| Amounts payable within one year42/48 | €318,857 | €54,863 | €258,158 | €17,596 | €28,705 | ▲ 63.1% |
| Current portion of amounts payable after more than one year42 | €105,000 | €30,000 | €0 | - | - | - |
| Trade debts44 | €8,242 | €9,918 | €3,754 | €4,731 | €4,881 | ▲ 3.2% |
| Suppliers440/4 | €8,242 | €9,918 | €3,754 | €4,731 | €4,881 | ▲ 3.2% |
| Taxes, remuneration and social security45 | €5,615 | €14,946 | €19,596 | €12,865 | €23,825 | ▲ 85.2% |
| Taxes450/3 | €0 | €8,883 | €13,393 | €6,513 | €17,430 | ▲ 168% |
| Remuneration and social security454/9 | €5,615 | €6,063 | €6,203 | €6,352 | €6,395 | ▲ 0.7% |
| Other amounts payable47/48 | €200,000 | €0 | €234,809 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €384 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €361,311 | €332,732 | €385,680 | €342,991 | €426,337 | ▲ 24.3% |
| + Depreciation and write-downs630 | €28,413 | €25,652 | €30,988 | €37,262 | €36,921 | ▼ 0.9% |
| Operating cash flow (approximation) | €389,724 | €358,384 | €416,668 | €380,252 | €463,257 | ▲ 21.8% |
| Investment in fixed assets (approximation) | - | -€12,441 | -€153,491 | -€8,648 | €0 | ▲ 100% |
| Change in cash | - | €140,026 | -€109,776 | -€31,332 | €75,928 | ▲ 342% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €426,337 ▲24.3%
Operating result €561,099, net result €426,337, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Liquidity times 13current ratio 24.86
Current ratio from 1.96 to 24.86; short-term debt falls from €258,158 to €17,596.
31-12
Financial
Equity above €500,000Eq €552,495 ▲34.9%
7 profitable years in a row build equity to €552,495.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
31-12
Financial
Liquidity times 7current ratio 12.85
Current ratio from 1.95 to 12.85; short-term debt falls from €318,857 to €54,863.
31-12
Financial
Equity above €500,000Eq €688,824 ▲93.4%
5 profitable years in a row build equity to €688,824.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €356,093 ▲86.9%
4 profitable years in a row build equity to €356,093.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Equity above €200,000Eq €221,600 ▲980%
2 profitable years in a row build equity to €221,600.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
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, Leuven · 1 establishment unit since 2013
Ground area
1,666 m²
Building footprint
207 m²
Volume, LiDAR
1,040 m³
Parcel 24051C0109/00D000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARD10
since 20132.225.539.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051C0109/00D000 | Flanders | 1,666 m² | 1 · 207 m² | 6.4 m · 2 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 16,631 companies in sector 86220 we hold annual accounts for 7,985. 6,332 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 (pre-2019)
Founded16-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
86910Medical imaging and medical laboratories
Contact
E-mail
beloega@icloud.comLeuven
Phone
0496575981Leuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543534352
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.