Cardicted
ActiveSummary
Cardicted has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,632 and a net result of €20,461. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+74
Solvency45=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.48 in 2024; short-term debt: 80.5% and cash: 12.4% of total assets), and 80.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
19.5%
Return on assets
10.6%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-12-2025, 143 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
143 d early
2024
40 d early
2023
19 d early
2022
5 d early
2021
26 d early
2020
23 d early
← 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 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 4 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€37,632▲ 124%
2024 · €16,822
Total assets
€192,911▲ 133%
2024 · €82,625
Net result
€20,461
2024 · -€32,191
Working capital
€29,940▲ 21.5%
2024 · €24,650
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€1,693€43,771€9,910▼ 77.4%-€24,184€28,739
Net result-€3,958below the sector's middle half€36,701above the sector's middle half€3,205within the sector's middle half▼ 91.3%-€32,191below the sector's middle half€20,461within the sector's middle half
Equity-€2,893below the sector's middle half€45,808within the sector's middle half€49,013within the sector's middle half▲ 7.0%€16,822within the sector's middle half▼ 65.7%€37,632within the sector's middle half▲ 124%
Total assets€75,604within the sector's middle half▲ 954%€66,544within the sector's middle half▼ 12.0%€128,622within the sector's middle half▲ 93.3%€82,625within the sector's middle half▼ 35.8%€192,911within the sector's middle half▲ 133%
Debt€78,497▲ 1,185%€20,736▼ 73.6%€79,609▲ 284%€65,804▼ 17.3%€155,279▲ 136%
Working capital€3,091within the sector's middle half€47,333within the sector's middle half▲ 1,431%€78,165within the sector's middle half▲ 65.1%€24,650within the sector's middle half▼ 68.5%€29,940within the sector's middle half▲ 21.5%
Solvency-3.8%below the sector's middle half▼ 18.7pp68.8%above the sector's middle half▲ 72.7pp38.1%within the sector's middle half▼ 30.7pp20.4%within the sector's middle half▼ 17.7pp19.5%within the sector's middle half▼ 0.9pp
Current ratio1.05within the sector's middle half▲ 0.765.21above the sector's middle half▲ 4.162.84above the sector's middle half▼ 2.371.48within the sector's middle half▼ 1.361.19within the sector's middle half▼ 0.29
Return on assets (ROA)-5.2%below the sector's middle half▼ 16.2pp55.2%above the sector's middle half▲ 60.4pp2.5%within the sector's middle half▼ 52.7pp-39.0%below the sector's middle half▼ 41.5pp10.6%within the sector's middle half▲ 49.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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: €28,739 after a loss of €24,184 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192,911
Fixed assets
€7,692 ▲ 19.7%
Current assets
€185,219 ▲ 143%
Equity and liabilities €192,911
Equity
€37,632 ▲ 124%
Debt
€155,279 ▲ 136%
Debt's share of the balance-sheet total rises from 79.6% to 80.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,058▲
2024 · -€20,751
Cash flow
€23,779▲
2024 · -€28,758
Quick ratio
0.77▲
2024 · 0.70
Debt to equity
4.13▲
2024 · 3.91
ROE
54.4%▲
2024 · -191.4%
Interest coverage
5.07▲
2024 · -2.72
Debt ≤ 1 year
€155,279▲
2024 · €51,547
Income taxes
€1,963▲
2024 · €421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
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 0.8% 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 6,706 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 | - | - | €564 | €35 | €26,015 | ▲ 73,701% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,312 | €3,370 | €3,175 | €3,434 | €3,319 | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,032 | - |
| Other operating charges640/8 | €988 | €1,846 | €3,125 | €2,942 | €10,879 | ▲ 270% |
| Gross operating margin9900 | €1,607 | €48,988 | €16,211 | -€17,809 | €43,969 | ▲ 347% |
| Operating profit (loss)9901 | -€1,693 | €43,771 | €9,910 | -€24,184 | €28,739 | ▲ 219% |
| Financial income75/76B | €2 | €93 | €216 | €34 | €5 | ▼ 85.4% |
| Recurring financial income75 | €2 | €93 | €216 | €34 | €5 | ▼ 85.4% |
| Financial charges65/66B | €2,267 | €1,292 | €3,729 | €7,619 | €6,321 | ▼ 17.0% |
| Recurring financial charges65 | €2,267 | €1,292 | €3,729 | €7,619 | €6,321 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | -€3,958 | €42,572 | €6,398 | -€31,770 | €22,423 | ▲ 171% |
| Income taxes67/77 | €0 | €5,871 | €3,193 | €421 | €1,963 | ▲ 366% |
| Profit (loss) for the period9904 | -€3,958 | €36,701 | €3,205 | -€32,191 | €20,461 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | -€3,958 | €36,701 | €3,205 | -€32,191 | €20,461 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,604 | €66,544 | €128,622 | €82,625 | €192,911 | ▲ 133% |
| Fixed assets21/28 | €7,626 | €7,971 | €8,040 | €6,429 | €7,692 | ▲ 19.7% |
| Tangible fixed assets22/27 | €7,626 | €7,971 | €8,040 | €5,929 | €7,192 | ▲ 21.3% |
| Plant, machinery and equipment23 | €4,613 | €5,745 | €3,313 | €1,662 | €3,888 | ▲ 134% |
| Furniture and vehicles24 | €889 | €417 | €3,232 | €3,008 | €2,361 | ▼ 21.5% |
| Other tangible fixed assets26 | €2,124 | €1,809 | €1,494 | €1,259 | €944 | ▼ 25.0% |
| Financial fixed assets28 | - | - | - | €500 | €500 | = |
| Current assets29/58 | €67,977 | €58,573 | €120,582 | €76,197 | €185,219 | ▲ 143% |
| Stocks and contracts in progress3 | €11,000 | €38,273 | €47,554 | €40,155 | €65,375 | ▲ 62.8% |
| Stocks30/36 | €11,000 | €38,273 | €47,554 | €40,155 | €65,375 | ▲ 62.8% |
| Amounts receivable within one year40/41 | €29,016 | €15,371 | €34,427 | €18,500 | €94,015 | ▲ 408% |
| Trade receivables40 | €26,652 | €6,195 | €27,545 | €18,500 | €93,798 | ▲ 407% |
| Other amounts receivable41 | €2,364 | €9,176 | €6,882 | - | €217 | - |
| Cash at bank and in hand54/58 | €27,376 | €4,413 | €37,304 | €16,901 | €23,961 | ▲ 41.8% |
| Deferred charges and accrued income490/1 | €585 | €517 | €1,297 | €641 | €1,868 | ▲ 191% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,604 | €66,544 | €128,622 | €82,625 | €192,911 | ▲ 133% |
| Equity10/15 | -€2,893 | €45,808 | €49,013 | €16,822 | €37,632 | ▲ 124% |
| Contributions10/11 | €6,200 | €18,200 | €18,200 | €18,200 | €18,550 | ▲ 1.9% |
| Reserves13 | - | €27,600 | €30,813 | - | €19,082 | - |
| Distributable reserves133 | - | €27,600 | €30,813 | - | €19,082 | - |
| Profit (loss) carried forward14 | -€9,093 | €8 | €0 | -€1,378 | - | - |
| Amounts payable17/49 | €78,497 | €20,736 | €79,609 | €65,804 | €155,279 | ▲ 136% |
| Amounts payable after more than one year17 | €13,434 | €9,496 | €37,192 | €14,257 | - | - |
| Financial debts170/4 | €13,434 | €9,496 | €37,192 | €14,257 | - | - |
| Amounts payable within one year42/48 | €64,886 | €11,241 | €42,417 | €51,547 | €155,279 | ▲ 201% |
| Current portion of amounts payable after more than one year42 | €3,682 | €3,938 | €21,724 | €22,935 | €14,257 | ▼ 37.8% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €45,807 | €1,431 | €15,274 | €5,987 | €73,560 | ▲ 1,129% |
| Suppliers440/4 | €45,807 | €1,431 | €15,274 | €5,987 | €73,560 | ▲ 1,129% |
| Taxes, remuneration and social security45 | €0 | €5,871 | €5,419 | €3,432 | €9,383 | ▲ 173% |
| Taxes450/3 | €0 | €5,871 | €5,419 | €3,432 | €9,383 | ▲ 173% |
| Other amounts payable47/48 | €15,397 | €0 | - | €19,192 | €58,080 | ▲ 203% |
| Accrued charges and deferred income492/3 | €178 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,958 | €36,701 | €3,205 | -€32,191 | €20,461 | ▲ 164% |
| + Depreciation and write-downs630 | €2,312 | €3,370 | €3,175 | €3,434 | €3,319 | ▼ 3.3% |
| Operating cash flow (approximation) | -€1,646 | €40,071 | €6,381 | -€28,758 | €23,779 | ▲ 183% |
| Investment in fixed assets (approximation) | - | -€3,715 | -€3,244 | -€1,823 | -€4,582 | ▼ 151% |
| Change in cash | - | -€22,964 | €32,891 | -€20,403 | €7,060 | ▲ 135% |
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
05-06
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Liersesteenweg 75E 2220 Heist-op-den-berg
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Back to profitnet €20,461
Net result €20,461 after one loss-making year.
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€32,191
Net result drops to -€32,191, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €36,701
Net result €36,701 after one loss-making year.
30-09
Financial
Liquidity times 5current ratio 5.21
Current ratio from 1.05 to 5.21; short-term debt falls from €64,886 to €11,241.
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 1.05
Current ratio from 0.29 to 1.05.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2018
Ground area
3,048 m²
Parcel 12014K0772/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
Cardicted
since 20182.278.953.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0772/00R000 | Flanders | 3,048 m² | - | - |
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 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,131 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
Founded27-08-2018
Fiscal year end30-09
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
18120Other printing
18130Pre-press and pre-media services
25510Coating of metals
73110Advertising agencies
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701789159
Also
9925:BE0701789159
Registered
23-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.