CARE 2 COVER
ActiveSummary
The computed 12-month bankruptcy probability of CARE 2 COVER is 1.8% (moderate). The 2025 annual accounts show equity of €59k and a net result of €194k. Equity is growing by ~68.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 7777 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.0 in 2024; short-term debt: 91.6% and cash: 24.9% of total assets), and 91.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
8.4%
Return on assets
27.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 11%
← weakest
strongest →
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 28-05-2026, 64 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
64 d early
2024
20 d late
2023
37 d early
2022
11 d early
2021
10 d late
2020
26 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€59k▲ 69.9%
2024 · €35k
2020: €4k
2021: €7k
2022: €33k
2023: €53k
2024: €35k
2020 → 2025
Total assets
€703k▼ 26.7%
2024 · €959k
2020: €221k
2021: €412k
2022: €382k
2023: €508k
2024: €959k
2020 → 2025
Net result
€194k▼ 28.7%
2024 · €273k
2020: €2k
2021: €3k
2022: €27k
2023: €35k
2024: €273k
2020 → 2025
Working capital
€25k▲ 3,158%
2024 · €781
2020: €1k
2021: €-3k
2022: €19k
2023: €32k
2024: €781
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€33k▲ 387%€53k▲ 59.0%€35k▼ 34.3%€59k▲ 69.9%
Operating result€4k-€37k▲ 779%€44k▲ 18.3%€283k▲ 548%€212k▼ 25.3%
Net result€3k-€27k▲ 957%€35k▲ 30.8%€273k▲ 686%€194k▼ 28.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €703k
Fixed assets
€34k ▼ 0.9%
Current assets
€669k ▼ 27.6%
Equity and liabilities €703k
Equity
€59k ▲ 69.9%
Debt
€644k ▼ 30.3%
Debt's share of the balance-sheet total falls from 96.4% to 91.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▼
2024 · €290k
Cash flow
€204k▼
2024 · €279k
Current ratio
1.04▲
2024 · 1.00
Quick ratio
0.81▼
2024 · 0.87
Debt to equity
10.87▼
2024 · 26.52
ROE
328.3%▼
2024 · 782.7%
ROA
27.6%▼
2024 · 28.4%
Interest coverage
305.06▲
2024 · 96.56
Debt ≤ 1 year
€644k▼
2024 · €924k
Income taxes
€27k▼
2024 · €31k
Staff costs
€323k▲
2024 · €286k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€959k€703k▼
Fixed assets21/28€34k€34k▼
Intangible fixed assets21€17k€21k▲
Tangible fixed assets22/27€17k€13k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€11k€7k▼
Current assets29/58€925k€669k▼
Stocks and contracts in progress3€122k€147k▲
Stocks30/36€105k€147k▲
Contracts in progress37€17k€0▼
Amounts receivable within one year40/41€253k€264k▲
Trade receivables40€205k€215k▲
Other amounts receivable41€48k€48k▲
Cash at bank and in hand54/58€453k€175k▼
Deferred charges and accrued income490/1€97k€84k▼
Equity and liabilities
Total equity and liabilities10/49€959k€703k▼
Equity10/15€35k€59k▲
Contributions10/11€3k€3k=
Reserves13€32k€57k▲
Distributable reserves133€32k€57k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€924k€644k▼
Amounts payable within one year42/48€924k€644k▼
Financial debts43€0€3k▲
Credit institutions430/8€0€3k▲
Trade debts44€143k€92k▼
Suppliers440/4€143k€92k▼
Advances received on contracts in progress46€462k€325k▼
Taxes, remuneration and social security45€53k€52k▼
Taxes450/3€20k€28k▲
Remuneration and social security454/9€33k€25k▼
Other amounts payable47/48€267k€171k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€286k€323k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€14k€5k▼
Gross operating margin9900€589k€549k▼
Operating profit (loss)9901€283k€212k▼
Financial income75/76B€23k€10k▼
Recurring financial income75€23k€10k▼
Financial charges65/66B€3k€725▼
Recurring financial charges65€3k€725▼
Profit (loss) for the period before taxes9903€303k€221k▼
Income taxes67/77€31k€27k▼
Profit (loss) for the period9904€273k€194k▼
Profit (loss) for the period to be appropriated9905€273k€194k▼
Appropriation of the result
Profit (loss) to be appropriated9906€273k€194k▼
Transfer from equity791/2€26k€0▼
Transfer to equity691/2€8k€24k▲
To other reserves6921€8k€24k▲
Profit to be distributed694/7€291k€170k▼
Return on contributions (dividend)694€91k€50k▼
Directors or managers695€200k€120k▼
Social balance
Average headcount (FTE)90874.64.2▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
31-12
Financial
Highest result since 2020net €273k ▲686%
Operating result €283k, net result €273k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Abelestraat 268870 IzegemGround area
377 m²
Building footprint
428 m²
Volume, LiDAR
3,148 m³
Parcel 36494D0303/00Z000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARE 2 COVER
since 20192.292.860.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0303/00Z000 | Flanders | 377 m² | 1 · 428 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,125 EUR awarded · 3,796 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,152 EUR | 1,152 EUR |
| 2024 | 1 | 329 EUR | 0 EUR |
| 2023 | 1 | 194 EUR | 194 EUR |
| 2022 | 1 | 2,450 EUR | 2,450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 1,038 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43990Other specialised construction activities
43410Roofing work
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.